June 2009 was a busy month for MLS® sales in Red Deer. The Central Alberta REALTORs® Association (CARA)recorded 213 sales for June 2009 which exceed 2008 sales number 213.
So the market is busier for sales than last year, it is good news but premature for a celebration. It is still quite competitive if you are selling. We have been carrying inventory ...
Posted by Patrick Galesloot
on July 6, 2009
Our newest listing activated today can be found at:
www.6EllenwoodDrive.com
It is a well cared for end unit townhouse in Eastview, on the South East side of Red Deer, AB. the listing price is $226,900 and the home features 3 bedrooms, 2 baths, and newer flooring and decor.
All of our listings have 21 photos to showcase them, and you tube video slide shows or video tours. ...
Posted by Patrick Galesloot
on July 2, 2009
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
CMHC news release today.
The seasonally adjusted annual rate1 of housing starts increased to 128,400 units in May from 117,600 units in April, according to Canada Mortgage and Housing Corporation (CMHC).
"The increase in May is broadly based, encompassing both the singles and multiples segments," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre.
Housing starts are expected ...
Posted by Patrick Galesloot
on June 8, 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
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
If you are getting a mortgage and putting less than 20% down on that home purchase you were required to get mortgage insurance. This insurance is provided through two companies, one being CMHC.
Who is CMHC?
Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, ...
Posted by Patrick Galesloot
on May 22, 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
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
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