Last week in Real Estate

Happy New Year!

2008 was quite a journey in real estate which I will reflect upon on another post.  Right now we'll look at the last few weeks of real estate activity in the Red Deer Market.

Typically December slows down each year as home owners and real estate agents wind down and make plans for time with family and friends.  A number of home owners dread the idea of having to be show home ready during the Christmas season.  The reality is those that are buying are serious buyers so it pays to be ready.  The tire kickers and casual buyers are gone this time of year.

Weekly Stats # Listings# Sales# Price Changes# Expired Listings# Cancelled ListingsNet loss/gainActive Single Family ListingsActive Apartment Condo ListingsTotal Active
Oct. 06 - Oct. 12 82376614823329111590
Oct. 13 - Oct. 19832447122423342114611
Oct. 20 - Oct. 26 59215552112351113628
Oct. 27 - Nov. 025718323920-20343110612

Nov. 03 - Nov. 0968225816237316103563
Nov. 10 - Nov. 165123531813-3358105620
Nov. 17 - Nov. 234426606102353105613
Nov. 24 - Nov. 303917442915-22336101590

Dec. 01 - Dec. 07 281867127-9326102582
Dec. 08 - Dec. 143819481090333101584
Dec. 15 - Dec. 212719172210-2433198569
Dec. 22 - Dec. 281110694-1232094552
Dec. 29 - Jan. 04

As noted above the sales and activity levels have declined.  In large part due to seasonal slow downs and also in part to the economic times.  2009 should be a year where the corrections are done and we move to business as usual.  The government should be back to work and the coalition threat gone.  We all are watching the oil activity as real estate is a reflection of how well that sector is doing.  As the dollar per barrel price of Oil increase so should the economic engine and real estate activity for Red Deer.

Looking forward to a prosperous 2009, your friend in real estate,

Patrick Galesloot.

Patrick Galesloot

Patrick Galesloot

CENTURY 21 Advantage
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