Last Week in Red Deer Real Estate

Last week in Red Deer real estate was a bit slower than the previous week but still a solid performer.

Weekly Stats 
# Listings
# Sales 
 # Pending Sales
 Jan. 25-Feb. 01 
67  21  19
 Feb. 2-Feb. 8
90   27  22
 Feb. 9-Feb. 15
70  35


Feb. 16-Feb. 22
52 23 24

Pending sales reported remains steady, which is a measure of deals written.  January versus February, and the tale of the tape is that February is exceeding January and we have a week to go as far as numbers reported.

January 1 to 31st, 2009 compared to February as of February 25th:

The number of new listings coming on to the market presently is at 93% of January numbers, while Sales have increased by 56%. 

So how is this comparing to last year?

Listings are happening at the same pace as 2008 while sales are still lagging.  Rumour is that interest rates will drop again next week be 25 to 50 points.  If rates keep dropping it sure is getting cheap to borrow.

Your Friend in Real Estate,

Patrick Galesloot

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