First Quarter 2010 Real Estate Update

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 if you are a seller you may be saying "ah great wasn't last year a crappy year?

No it wasn't crappy, it was just different.  Sure it was more competitive and the cream had to rise to the top, but is that a bad thing?  No it's not so bad.  There is an old saying "at the right price anything will sell".  The question is how bad do you want to sell?

There are sales in virtually every price range.  Is your home presented properly?

Below is a look at the sales by price ranges so far this year.

If you are buiying today you have the luxury of choice still and the benefit of affordable rates.  We've been saying that rates are low for what seems like a few years now.  Low interest rates are becoming a normal way of life such that to a new buyer or potential home owner 4.75% may seem high.  While my parents and myself would say "No, you don't know how good you have it". I would sound yo much like your mom or dad if I went on like that.

The key to a successful purchase is affordability.  What is affordable to me or you can be completle different based on incomes and savings etc...

If you're buying today there is affordable homes packed full of featiures in every price range.  So if if you are selling today the key is packaging the features and benefits of your home in an affordable manner such that you stick out among all the choices in the market place today.  So far in Red Deer

 

Happy Real Estating!

 

Your Friend in Real Estate,

Patrick Galesloot

Follow me on Twitter occassionally I go places to and tweet while I'm there but mostly it's local stuff for us locals in Red Deer ;-)  @pgalesloot

 

 

 

 

 

Patrick Galesloot

Patrick Galesloot

Broker/Owner
CENTURY 21 Advantage
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