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
Have we seen the bottom?
This past week has been interesting. The Canadian dollar soared 7 cents to over 91 cents US. Gas prices went up almost 7 cents per litre since Wednesday. I just read an article talking about a very active bond market. Now mortgage rates are on the rise to 3.79% from 3.55%. Is this the end of low rates? I would think by July we will be above 4% and steady. I can not see our ...
Posted by Ken Devoe
on May 30, 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
Our most active price range for April was the $250,000-$300,000 range. There were 43 sales for the month. The $200,000-$250,000 and the $300,000-$350,000 range were the next two most active price ranges with 30-31 sales each for the month of April. Our higher end $600,000 plus had an increase in sales from 1 sale in January, February and March to 3 sales in April alone. The average days on market ...
Posted by Tara Devereaux
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
Welcome to May! April is always a mixed bag when it comes to weather. We had snow, followed by double digits and temps into low 20's for a brief period, then frigid snow again. We were up and out BBQing, then hunkered down while the chill was in the air. Interest rates mean while remained low, and dropped slightly. Happy home buyers can now lock in for under 4% with rates ...
Posted by Patrick Galesloot
on May 3, 2009