How does your home or Real Estate professional stack up against the average?
You may say "what's the big deal?" and it may not be for you, but what would you rather have an average cup of coffee or a good cup? How about a great cup? I'm guessing you'd rather have good or great than average.
It's part of our industry that we track numbers. Sales data and listinginformation ...
Posted by Patrick Galesloot
on September 3, 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
Are "Expired & Canceled" Listings part of your criteria for selecting a real estate company? Should it be?
What are expired listinsg or canceled listings?
Expired Listings - are those listings that did not sell over the duration of their listing contract. The contract "expired" before a sale was reported.
Canceled Listsings - are those listings whose contracts were canceled before ...
Posted by Patrick Galesloot
on July 2, 2010
So you've moved to a bedroom community outside of Red Deer and now thinking of selling is it harder to sell in a small town versus the big city?
In Red Deer sales for the month of June are down significantly compared to June of 2009. 38% below last years numbers. What about Blackfalds, Penhold, and Springbrook? The attraction of living in a smaller "bedroom community" is the quiet ...
Posted by Patrick Galesloot
on June 30, 2010
Beginning of June and we are nearing the half way point to 2010. So far the real estate market for many is one that they would prefer to forget. As previously noted it can be hard for sellers today with the vast number of new listings on the market. Today we have approximately 765 Active listings in the City of Red Deer listed for ale on the Central Alberta REATORS® Association ...
Posted by Patrick Galesloot
on June 10, 2010
May "For Sale" signs are popping up faster than dandelions out there right now.
Our present number of active listings in Red Deer is 741 with 44 of those showing as conditional or pending. That's close to one hundred more listings on the market than 2009 where we had 659 for the same time frame.
Does this 12% increase in listings yield a similar increase in sales for Red Deer?
No ...
Posted by Patrick Galesloot
on May 17, 2010
Are you considering buying or selling a condo in Red Deer?
Yes? Well you've probably wondered if there is a "condo" market. There is and we generally group them more specifically into "Apartment Condos". The Central Alberta REALTOR's® Association groups the data more so by style than type of ownership (A condo is a form of ownership).
The Apartment Condo Market in Red Deer ...
Posted by Patrick Galesloot
on May 10, 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
March has been a busy month with lots of action on interest rates, The CREA vs. Competition Bureau talks, and weather being above seasonal. Has it been busy with sales? Not as busy as I would have predicted actually. Given that there has been many headlines or talk on the news about rising interest rates. This threat of higher costs of borrowing has not produced a vast number ...
Posted by Patrick Galesloot
on March 31, 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