Our listing inventory is still soaring at a total of 727 homes in Red Deer on the market as of the end of May. Last year in May, we had 640 listings. Our prices are directly affected by supply and demand. With the supply continuing to rise, our market remains as a buyer's market. The average sale price for May was $306,011.00 which is a decline from last month where the ...
Posted by Tara Devereaux
on June 2, 2010
May "For Sale" signs are popping up faster than dandelions out there right now.
Our present number of active listings in Red Deer is 741 with 44 of those showing as conditional or pending. That's close to one hundred more listings on the market than 2009 where we had 659 for the same time frame.
Does this 12% increase in listings yield a similar increase in sales for Red Deer?
No ...
Posted by Patrick Galesloot
on May 17, 2010
Are you considering buying or selling a condo in Red Deer?
Yes? Well you've probably wondered if there is a "condo" market. There is and we generally group them more specifically into "Apartment Condos". The Central Alberta REALTOR's® Association groups the data more so by style than type of ownership (A condo is a form of ownership).
The Apartment Condo Market in Red Deer ...
Posted by Patrick Galesloot
on May 10, 2010
If you have been wondering when to lock in your interest rates or ensure you have a rate hold, it looks like now is the time.
The Globe and Mail posted this yesterday:
"Royal Bank of Canada, the country's largest bank, has raised mortgage rates again. The move, which will result in a 0.25 percentage point increase in the cost of a number of fixed-rate mortgage products that the bank offers, ...
Posted by Patrick Galesloot
on April 14, 2010
It's not just the weather in Alberta that gets everyone talking it's also real estate. There seems to be some expectation that sales activity and listing turnover rates will return to the heated market activity of 2006 and 2007. That is not a normal market and not the market place for 2010 so far. The 2010 real estate market is looking a lot like 2009 right now.
Right about now ...
Posted by Patrick Galesloot
on April 9, 2010
March has been a busy month with lots of action on interest rates, The CREA vs. Competition Bureau talks, and weather being above seasonal. Has it been busy with sales? Not as busy as I would have predicted actually. Given that there has been many headlines or talk on the news about rising interest rates. This threat of higher costs of borrowing has not produced a vast number ...
Posted by Patrick Galesloot
on March 31, 2010
How's the market? Prices going up?
I hear those questions and many like them quite often. The real estate market in Red Deer is reportedly different than Calgary or Edmonton. Last week the numbers were:
Weekly Stats
# Listings
# Sales
# Pending Sales
# Price Changes
# Off Market
Net loss/gain
Active Single Family Listings
Total Active
Dec.28/09-Jan. ...
Posted by Patrick Galesloot
on February 11, 2010
When I think of 2010, I think of the movie "2010: The Year We Make Contact". Which prompted me to look up "odyssey" as I don't often use that term, perhaps you do.
According to Wikipedia "the word odyssey has come to refer to an epic voyage". So will real estate in Red Deer 2010 be an "epic voyage"? Was January the beginning of our epic voyage of real estate?
Red Deer MLS® ...
Posted by Patrick Galesloot
on February 3, 2010
Last week marked the end of January 2010 and the end of another solid week in real estate for Red Deer in 2010.
Listing inventory climbed with more new listings coming on during that last week than the previous weeks however some of that was off set by sales and those that either expired or were cancelled. The data from the Central Alberta REALTORS® Association for the Red Deer MLS® ...
Posted by Patrick Galesloot
on February 2, 2010
Recently reported to you Red Deer Real Estate 2009 Market Update and Beyond
As mentioned we captured more data and presented to our associates recently so that they could better meet your real estate needs. If you have any questions on the real estate market and how your home is affected please feel free to contact one of our Century 21 Advantage associates.
Enjoy The Slideshare Below,
Red ...
Posted by Patrick Galesloot
on January 27, 2010