We have quite a Century 21 family of Realtors. I connect online with a great Realtor in the Okanagan by the name of Brenda Ellis (a.k.a Brell). Brell suggested sharing market stats, I suggested using Google Docs, and here it is. Two Realtors who love our Real Estate and love looking at the numbers. Brell has suggested that other Century 21 associates join us, I think that is ...
Posted by Patrick Galesloot
on February 5, 2009
AREA predicts decrease in prices and sales for real estate 2009
I'm in Banff today, at the Banff Western Connection Conference. A conference geared towards Realtors and Real Estate Associations from Western Canada. It is also open to Realtors from all over not just the western provinces. While it is not surprising that we are hearing a prediction regarding a decline in real estate as that has ...
Posted by Patrick Galesloot
on January 29, 2009
My earlier blog post I asked you 4 questions and to email me your thoughts. http://www.century21.ca/patrick.galesloot/Blog/2008_Red_Deer_Real_Estate_Market
Where do you see house prices going long term?
How long do you plane to live in that house?
Should you wait?
Can you afford to wait to buy based on past price trends?
In follow up I received comments that got me thinking some more about ...
Posted by Patrick Galesloot
on January 24, 2009
The numbers are in and we've been reviewing the 2008 Red Deer real estate market quite a bit here at Century 21 Advantage.
Quite a journey it has been with highs and lows in financial markets, and changes to price frequently. There were a lot of sales in the City of Red Deer. The graphs below are compiled form MLS data provided by the Central Alberta Realtors Association.
The ...
Posted by Patrick Galesloot
on January 18, 2009
Happy New Year!
2008 was quite a journey in real estate which I will reflect upon on another post. Right now we'll look at the last few weeks of real estate activity in the Red Deer Market.
Typically December slows down each year as home owners and real estate agents wind down and make plans for time with family and friends. A number of home owners dread the idea of having to be show ...
Posted by Patrick Galesloot
on January 3, 2009
Weekly Stats # Listings # Sales # Price Changes Nov. 17-Nov. 23 44 26 60 Listings declined a little bit this past week, which is not a bad thing. We still have plenty of listings to choose from and from a selling standpoint it helps to get the ...
Posted by Patrick Galesloot
on November 24, 2008
Weekly Stats # Listings # SalesOct. 06-Oct. 12 82 37Oct. 13-Oct. 19 83 24Oct. 20-Oct. 26 58 23Oct. 27-Nov. 02 62 18Nov.03-Nov.9 68 22Nov.10-Nov.16 51 23
It looks like we're at a stable rate if the last few weeks are the indicators. The number of sales each week has been stable for the past 5 weeks. Looking at number of active listings and the sales rate ...
Posted by Patrick Galesloot
on November 20, 2008
Weekly look at the numbers here in Red Deer, and this week is different than last week. Ok maybe not that different but there are some differences. The changes are in the reported sales numbers. The last two weeks saw an increase in new listings with 82 and 83 properties listed, up from the weekly trend of 64. Sales dropped sharply from the previous week (37 to 24).
...
Posted by Patrick Galesloot
on October 20, 2008
It's been a busy few weeks in the financial markets, with constant attention to mortgages and credit. With strong economic environment in Alberta it can be hard to grasp or see the impact that these changes will have on the average home buyer or seller.
The changes:
Zero down is gone. This was announced to be phased out many weeks ago but the deadline is here. The description ...
Posted by Patrick Galesloot
on October 13, 2008
Numbers for the local real estate market here in Red Deer, were recently released. Despite a global economic freak-out on a local level real estate remains stable over all. The weekly sales volume reacting to media, but overall we're experiencing a consistent trend.
Compared to a year ago September sales have been good, but 2008 has more spikes. Possible media connection with the ...
Posted by Patrick Galesloot
on October 10, 2008