Last Week in Red Deer Real Estate, week ending April 26th

April Continues to improve upon February and March numbers.

The warm spring weather combined with low interest rates are certainly bring out the buyers.  Reports from our associates hosting open houses is that the open houses are busy.  All that extra traffic has turned into sales for sellers.  The number of sales so far for the month of April is at 162 sales in Red Deer, compared to 123 last month.  The average sale price seems to be climbing as well as more people are trading up form their starter homes to the bigger second home.  Sales price in March was all listings was an average of $285,407 while in April so far it is up to $293,756.

As we can see below the pending sales are quite strong.  The pending sales are an indicator fo deals written, and the trend is rising.

Positive signs for all selling homes to today and also for buyers know that their investment is secure not just for the long term but short term as well.

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Weekly Stats # Listings # Sales # Pending Sales # Price Changes # Expired Listings # Cancelled Listings Net loss/gain Active Single Family Listings Active Apartment Condo Listings Total Active

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Feb. 23-March 1 67 29 25 42 21 10 7 360 115 611

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March 2-March 8 84 29 16 39 7 21 27 370 114 633

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March 9-March 15 51 25 24 40 9 21 -4 365 113 632

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March 16-March 22 63 32 23 53 8 25 -2 376 114 646

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March 23-March 29 69 28 36 49 4 13 24 380 116 655

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March 31-April 5 60 40 22 44 23 14 -17 372 115 649

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April 6-April 12 58 36 36 44 8 7 7 374 114 647

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April 13-April 19 78 42 38 49 17 20 -1 370 114 651

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April 20-April 26 64 39 32 61 8 14 3 377 114 654

I think we are just about out of the weeds as far as snowing weather is concerned.  Look for more positive growth as we plunge into May.

 

Your Friend in Real Estate,

Patrick Galesloot

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Patrick Galesloot

Patrick Galesloot

Broker/Owner
CENTURY 21 Advantage
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