Happy New Year!
What a finish to 2010. Red Deer MLS® Sales finished on a strong high note to end the otherwise lacklustre year. 2010 was a year many sellers and REALTORS® would like to forget. Just when we seemed to be turning the proverbial real estate corner the following month was a downturn. That up down cycle was hard on the industry, and sellers. For those ...
Posted by Patrick Galesloot
on January 5, 2011
Quick Market update before we close the office for a few days for the Christmas break.
Sales in December have been heating up compared to the last two years. More buyers are taking advantage of their rate holds and the availability of quality Red Deer homes for sale. Sales of MLS® listings in the city of Red Deer are up 28% over 2009! Over the last couple of years 2010 is on ...
Posted by Patrick Galesloot
on December 23, 2010
Christmas time may not seem like the ideal time to be hunting for a home. Many people will put there plans on hold because of the busy holiday season. However now more than ever maybe the ideal time to make your move.
Signs the Red Deer real estate market is changing:
Decrease in listing volume.
The number of listings available at any given time makes up "supply". ...
Posted by Patrick Galesloot
on December 17, 2010
When you're up you're, and when you're down you're down.
2010 has been a year that looks like a roller coaster ride for MLS® sales volume in Red Deer. If you have been trying to sell your home it may not have been the fun ride you anticipated either. At the end of November the Red Deer real estate market for MLS® sales was a bright spot.
2010
100& ...
Posted by Patrick Galesloot
on December 8, 2010
With what finally seems like the first real sunny day in September we're gearing up for a busy weekend in real estate. The Red Deer real estate activity has turned around compared to August already and we have a week or so left in the month to go.
The story for most of 2010 has been that sales were down 30% from last year. That story is about to change and has been changing all month ...
Posted by Patrick Galesloot
on September 24, 2010
Total Listing inventory in the City of Red Deer has declined to the their lowest level 777 properties listed for sale since the end of May (767). While that may be perceived as high for our market place in comparison to previous years it is a positive sign for sellers and further evidence that buyers should be moving to take advantage of market conditions. The weekly sales volume is also ...
Posted by Patrick Galesloot
on September 15, 2010
How does your home or Real Estate professional stack up against the average?
You may say "what's the big deal?" and it may not be for you, but what would you rather have an average cup of coffee or a good cup? How about a great cup? I'm guessing you'd rather have good or great than average.
It's part of our industry that we track numbers. Sales data and listinginformation ...
Posted by Patrick Galesloot
on September 3, 2010
Last week the talk of the office was smoke from the BC forest fires that took over the air quality on Thursday.
This was the scene in Red Deer as published in the Red Deer Advocate.
Fortunately my family and I were on vacation in the Okanagan and missed the smoke. So like you I am getting caught up on Red Deer real estate.
What happened last week?
Well the Chart above some what ...
Posted by Patrick Galesloot
on August 23, 2010
Are "Expired & Canceled" Listings part of your criteria for selecting a real estate company? Should it be?
What are expired listinsg or canceled listings?
Expired Listings - are those listings that did not sell over the duration of their listing contract. The contract "expired" before a sale was reported.
Canceled Listsings - are those listings whose contracts were canceled before ...
Posted by Patrick Galesloot
on July 2, 2010
Beginning of June and we are nearing the half way point to 2010. So far the real estate market for many is one that they would prefer to forget. As previously noted it can be hard for sellers today with the vast number of new listings on the market. Today we have approximately 765 Active listings in the City of Red Deer listed for ale on the Central Alberta REATORS® Association ...
Posted by Patrick Galesloot
on June 10, 2010