What you need to know about the settlement agreement between CREA and the Competition Bureau.
It was ratified by the members of CREA on the weekend. Some of the headlines indicate that this has changed the face of real estate. Some of the media claims certainly seem like that is indeed the case. The reality is here in Red Deer Alberta the changes don't amount to a huge difference.
The ...
Posted by Patrick Galesloot
on October 27, 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
Previously I blogged about sales and listings. What I didn't touch on in that post was expired. An Expired Listing or one that is now off market (not sold) is essentially an listing that was unsuccessful at well selling. Plain and simple they were for sale but never sold.
While sales numbers are significantly lower than last year and recent previous years, we are realizing ...
Posted by Patrick Galesloot
on August 25, 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
Century 21 Advantage is gearing up for a birthday celebration. We are fast approaching our 100th anniversary in real estate. Thank You Red Deer and Central Alberta!
A brief history of the company:
The Company was founded late in the year 1910 when local businessman, W.J. Botterill, decided to open a real estate office to take advantage of the impending real estate boom. By early 1911 ...
Posted by Patrick Galesloot
on May 21, 2010
PDS is an acronym coined by David Knox for "Pricing Denial Syndrome".
This syndrome afflicts some sellers and possibly some agents and the signs are:
Denial (“It’s not the price.”)
Minimization (“It’s not that overpriced.”)
Blame (“You’re not marketing it enough.”)
Justification (“We need the money.”)
Bargaining (“What ...
Posted by Patrick Galesloot
on April 15, 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
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