July housing sales increased over last year by 22%. A dramatic change in the sales pattern for 2008 so far. Not enough to pull a reversal on what has transpired so far but an optimistic outlook for the fall perhaps. Total single-family home MLS sales for the month of July 2008 totaled 139. That was 22% more than the 114 sales reported in 2007 for single-family homes. House prices have remained ...
Posted by Patrick Galesloot
on August 6, 2008
Always lots to do on a summer weekend, especially here in Central Alberta.
If you haven't had the opportunity you should look at the Tourism Red Deer's website The Alberta Sweet 16, 16 weekends of fun in Central Alberta from the May long weekend to Labour Day weekend, 2008. www.centralalbertaevents.com
This weekend you'll find information regarding the Wetaskiwin Air Show. Smoke, precision, ...
Posted by Patrick Galesloot
on July 25, 2008
2008 is shaping up to be the year for change in Real Estate. June 23rd, 2008 marked a significant change to real estate business. Realtors require your I.D. A new federal law came into force, real estate agents will ask to see your driver's licence, or other government-issued ID. They'll also need to keep personal information identifying their clients, such as occupation and birth-date, ...
Posted by Patrick Galesloot
on July 21, 2008
Saturday May 31, I had the pleasure of speaking to the attendees at the community breakfast. There were approximately 60 residents in attendance. The topic of discussion was that of an economic update with myself being asked to give a Real Estate update.
I'm always happy to discuss real estate and changes in the market place with home owners so I enjoyed the opportunity to do so.
The house prices ...
Posted by Patrick Galesloot
on June 3, 2008
Not your typical movie fare, but when it comes to new listings 2008, is a block buster of a year.
It wasn't that long ago we were in a heated seller's market, we only have to look as far back as 2006. Then we started transitioning out of that frenzy in 2007 to today's buyer's market. Each market has it's good points and bad depending on the side of the transactional fence you are sitting. For ...
Posted by Patrick Galesloot
on May 26, 2008
Good. Sales were down from record 2007 sales volume, but well above 2006 numbers. Here at Century 21 Advantage, we led the way with listings sold in Red Deer. Out of the 220 properties sold in April Century 21 Advantage sold 56 which is a little over 25%. How does this compare to what the market is like or what is every one else doing? Well today we see a total of 785 properties available in the ...
Posted by Patrick Galesloot
on May 8, 2008
The City of Red Deer is in the midst of a growth spurt. Through the 90's they like many communities the city held the line on taxes. Now with increases in population and further pressure on infrastructure and City services, Red Deer is facing a tax increase of up-to 7%. Quite a hike compared to other increases we face, but a needed one for long term prosperity. I don't think anyone ...
Posted by Patrick Galesloot
on May 5, 2008
Red Deer is divided by the Red Deer River which creates a lush attractive parkland community. Not to sit by and let this precious resource by squandered. The City of Red Deer recently approved measures to conserve water. Council moved the following bylaws this week. "That Bylaw 3215/B-2008 be read a first time. (Proposed amendment to the Utility Bylaw. Requirement for Low Flow Plumbing Fixtures for ...
Posted by Patrick Galesloot
on April 27, 2008
Welcome to April! The beginning of spring for most of us March still feels like winter despite the first day of spring. How are we doing real estate wise? Is the market up or down? What can I expect? You can expect more of the same for Red Deer. For the most part sale prices have levelled off. The median sale price has been static at $325,000 with the exception of the last few weeks which saw ...
Posted by Patrick Galesloot
on April 2, 2008
Inventory is up so can the same be said for sales???
As of today we have 673 properties for sale in Red Deer and 43 of those have pending offers. That's a lot of properties to choose from. So yes Red Deer is still in a buyers market. Those buyers where are they? Well they are out there. The weather has been fantastic with Spring weather conditions here. More people are out looking at properties and ...
Posted by Patrick Galesloot
on March 20, 2008