March continues to roll along following the increase in volume that occurred in February.
Weekly Numbers:
We noticed a slow down in the number of listings coming on. This is a positive sign for sellers already on the market, they enjoy the decrease in competition. This is not a trend yet we shall continue to monitor the weekly movement as well as monthly.
March at a glance:
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Posted by Patrick Galesloot
on March 18, 2009
What a crazy weather week in Red Deer. On the Real Estate front not so crazy but steady.
The weather was terrible with a storm blowing in on the weekend, and we had highs and lows and bitter low temperatures. Despite that, listings were on the rise, and sales remain steady.
Click on the image to view larger and more clear. The number of listings increased from 67 new ...
Posted by Patrick Galesloot
on March 10, 2009
A busy few days kept me from updating on how February ended in Red Deer. It ended on a positive note. After experiencing a few months of sluggish sales we experienced an increase over January.
The bulk of the activity is occurring in the $250 - $350,000 range. The activity that occurred in January in that range probably pushed the wave up into higher ranges for February. ...
Posted by Patrick Galesloot
on March 8, 2009
Weekly Sales numbers in Red Deer, AB. jump 30% from the previous week.
Weekly Stats
# Listings
# Sales
Dec.29/08-Jan. 4/09
14
7
Jan. 5-Jan. 11
47
11
Jan. 12-Jan. 18
69
7
Jan. 19-Jan. 25
63
23
Jan. 25-Feb. 01
67
21
Feb. 2-Feb. 8
90
27
Feb. ...
Posted by Patrick Galesloot
on February 18, 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
Alberta remains an economic area of prosperity, but slow downs and caution is in the air. Much of the update had to do with the changes in Oil and Gas Royalties. Oil and Gas is the main economic driver for the province. Oil prices have declined from a peak of US$147 per barrel in July to a low of US$56 in November. Things were looking quite rosey when oil was at the $140/barrel number, then as ...
Posted by Patrick Galesloot
on November 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
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