I've been asked lately about selling in winter. Personally I think its not a bad idea to sell in winter for 2 reasons:
1. You have more serious buyers than in spring, who would look at houses at -20 except serious buyers. Tire kickers are not looking right now.
2. You have less competition. In November we had 113 sales, that is approaching summer sales numbers of when July had 126 sales, with only 541 active listings now compared to the 800-850 we had over the summer it shows that your odds of selling are better.
So I guess what I am saying is more qualified buyers with less competition means a better chance you will sell your house.
Secondly I wanted to talk about 2010 so far. 2010 has been a correction time for sales and pricing. Almost everyone knows what has happened to pricing this past while but in 2010 we have had 1335 home sales in Red Deer. We would have to go back to 2002 to find such low numbers in sales when we had 1261 sales that year. In between 2002 and this year sales have been in the 1800 area each year with 2007 peaking at 2240 sales. 2010 has been a slow year yes but its also been a good year. Its been a year of growth for everyone from buyers, sellers and realtors. Years like this shows we are not invincible, that markets cannot go up each year, shows the true values of homes and the fact that migration into Alberta has slowed. So yes its been a tough year on sellers but I think its good long term.
If you have any real estate questions please do not hesitate to email or call.
Thanks for reading,
Century 21 Advantage