Welcome to Summer!
Officially we marked the summer solstice(equinox) 2009 this past weekend. It is to early to say whether or not the peak of sales activity also aligns with the longest day of the year, historically the two are close. The kids in school are no in their last week, and Canada is one week away. July and August tend to be full of family vacations, and enjoying the short ...
Posted by Patrick Galesloot
on June 23, 2009
Latest headlines are still about Chrysler and GM, still talking about the deficit spending and the "bad" economy, still talking about politics etc... Now let's talk real estate. Sales for May 2009 increased from April, and overall it was a busy month. There was a total of 197 MLS® sales in the city of Red Deer for May 2009. This was up from the 178 reported in April, an increase ...
Posted by Patrick Galesloot
on June 5, 2009
Last week in real estate was a busy week. Sales increased, pending sales increased, and new listings slowed down just a bit. It ads up to a good week.
Overall sales numbers continue the April trend that saw us mirror the sales results of 2006. With interest rates continued to be fore-casted at record lows, and oil prices steadily climbing, the so called spring fling market blip is turning out ...
Posted by Patrick Galesloot
on May 26, 2009
Days on Market is a measure of sales typically an average number. A better measure may be the "median" rather than an "average". The average DOM for April sales was 44 days while the median DOM for April was 40 days. An indicator that buyer's are looking and buying at those listings that are "fresh" on the market. On the Red Deer MLS® system we have our housing data sorted ...
Posted by Patrick Galesloot
on May 17, 2009
One of the more frequently asked questions I and my peers receive is "How long has it been on the market?", and another is "how long will it take to sell my home?". Both questions essentially centered around "days on market" (DOM). Days on Market (DOM) is reported on sold properties, and not often calculated on active properties. The days on market for active properties can be influenced ...
Posted by Patrick Galesloot
on May 16, 2009
Just in time for the long weekend, Stats.
As you can see, the market is looking up. All in all there has been lots of activity. Busy open houses, and lots of buyers taking advantage of the record low interest rates. The spring like conditions are also bringing more would be sellers to market. New listings increased by 31% form the week before, while sales increased 16%. ...
Posted by Patrick Galesloot
on May 13, 2009
See all Our Opens Houses @ www.reddeeropenhouses.com
Open Houses for Saturday May 9, 2009
134 Oaklands Crescent
Hosted by:
Mel Klassen
1:00-3:00pm
153 Ireland Crescent
Hosted by:
Hilary Rosebrugh
2:00-4:00pm
38 Overand Place
Hosted by:
Trina Thomas
2:00-4:00pm
149 Reichley Street
Hosted by:
Dave Haley
2:00-4:00pm
147 Valentine Crescent
Hosted by:
Dale ...
Posted by Sandra Miller
on May 7, 2009
April Continues to improve upon February and March numbers.
The warm spring weather combined with low interest rates are certainly bring out the buyers. Reports from our associates hosting open houses is that the open houses are busy. All that extra traffic has turned into sales for sellers. The number of sales so far for the month of April is at 162 sales in ...
Posted by Patrick Galesloot
on April 28, 2009
From Stats
The rush to sell is slowing down in Red Deer Alberta, and the real estate activity remains strong however the real story is the impact of supply and demand. The demand for housing is closer to 2004 levels today, and a mere 52% of the record demand of 2007.
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Red Deer MLS March Stats
New Listings
Sales
. ...
Posted by Patrick Galesloot
on April 4, 2009
Last week in real estate was another steady week. Friday was a highlight on the financing front when it was annouced by mortgage brokers the 5 year rate was available at 3.99%.
Yes 5 year mortgage at 3.99%!! Wow record low rates combined with excellent selection and buyer negotiating ability makes for an ideal time to buy real estate. Today I spoke with Scott at Regional Mortgagevia ...
Posted by Patrick Galesloot
on March 24, 2009