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
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
Do you have Red Deer's spookiest house?
You could win 1,000 Air Miles!
Do you put on a Halloween haunted house? Send in your entries for Red Deer's spookiest house. Email us a photo along with the address and your contact information. Entries and the winner will be posted online at www.Century21Advantage.ca and www.SpookyHouse.ca
All submissions must be submitted no later than ...
Posted by Patrick Galesloot
on October 5, 2008
Changing market over the past 7 weeks, and the change is not over. With the financial markets in turmoil from the US credit crisis, an election called here in Canada, there is a lot of dynamics going on. For a detailed look at the market click here.
This week marks one of the lowest inventory levels we have seen in a while with total properties for sale in Red Deer now totalling 597. ...
Posted by Patrick Galesloot
on September 22, 2008
Looking for a small town loaded with potential? Penhold may just have what you are looking for.
Penhold although small in stature is the only "bedroom" or "commuting city" with in 15 - 20 minutes of Red Deer that has experienced an increase in MLS sales volume. The average sale price for real estate in Penhold has also experienced growth over 2007, not matched by Blackfalds or Sylvan ...
Posted by Patrick Galesloot
on September 21, 2008
The bank of Canada decided to hold interest rates steady on September 3rd. The department of Finance set a date with imposed restrictions on 40 year amortizations and the use of zero down. The kids went back to school, and families settled into to back to school mode etc...
So where are we now?
The number of new listings began to cool off during the first two weeks of August, and ...
Posted by Patrick Galesloot
on September 15, 2008
Back to school may be the most wonderful time of the year for those of us with kids. The question is will it be the same for the real estate market?
August turned out to be a mixed bag yet again. The single family home sales were strong if you were priced right and not in a higher price point. Town houses and duplexes are settling out into a good groove. Apartment condos on the other hand not ...
Posted by Patrick Galesloot
on September 5, 2008
Tuesday the Alberta government released latest budget information for the province. Finance and Enterprise Minister Iris Evans released the province's First Quarter Update, showing a forecast surplus of $8.5 billion for 2008-09, $7 billion higher than predicted in Budget 2008. Higher-than-budgeted resource revenues will enable government to increase its savings this year and cover the full cost of ...
Posted by Patrick Galesloot
on August 27, 2008
Joffre is located 23 km northeast of Red Deer, Alberta. For most residents of the area, the petrochemical site and the bridge over the river are more synonymous to Joffre than the actual village. A few name changes over the years with the exception of the large NOVA Chemicals.
NOVA Chemicals' Joffre manufacturing facility lies just east of Red Deer, Alberta, and is the largest ethylene ...
Posted by Patrick Galesloot
on August 17, 2008
What area do you live in or want to buy in?
As you can see each area has their own characteristics. The above table shows the values for all housing types. The areas with higher number of townhouses, apartments etc... tend to have a lower average list price than say Oriole Park that is currently being developed so a lot of new homes are being built, listed and sold there pushing ...
Posted by Patrick Galesloot
on August 11, 2008