Another busy week in Real Estate in Red Deer.
We are now at the midpoint of June and the sales keep rolling. We recorded 47 sales in Red Deer last week on our MLS® system and 64 new listings. The sales to new listing ratio for the week rising to 73%, a solid balanced market.
Not only did sales continue to hold their own at 47 MLS® sales this past week, ...
Posted by Patrick Galesloot
on June 15, 2009
Just before supper time a storm system rolled through Penhold AB.
As the saying goes, if you don't like the weather wait 5 minutes.
Central Alberta, Red Deer area, has great summer weather. It doesn't normally heat up above 30C very often, and it cools down to a comfortable level at night. Air conditioning units are not very common in our area. ...
Posted by Patrick Galesloot
on June 15, 2009
I was looking thru the new listings that have come up in the last couple fo days, and one listing jumped out at me. Not for the price, or the fact that it looked great. What caught my eye was the terrible photography.
I'm sure this is a lovely home, but trying to take an outdoor photo at dusk is just plain silly. No creative use of out door lighting or sunset, just some one taking ...
Posted by Patrick Galesloot
on June 8, 2009
CMHC news release today.
The seasonally adjusted annual rate1 of housing starts increased to 128,400 units in May from 117,600 units in April, according to Canada Mortgage and Housing Corporation (CMHC).
"The increase in May is broadly based, encompassing both the singles and multiples segments," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre.
Housing starts are expected ...
Posted by Patrick Galesloot
on June 8, 2009
Latest headlines are still about Chrysler and GM, still talking about the deficit spending and the "bad" economy, still talking about politics etc... Now let's talk real estate. Sales for May 2009 increased from April, and overall it was a busy month. There was a total of 197 MLS® sales in the city of Red Deer for May 2009. This was up from the 178 reported in April, an increase ...
Posted by Patrick Galesloot
on June 5, 2009
It's always a thrill to be able to help first time home owners find their first home. It always takes me back to when De and I found our first home. We really didn't know what was happening or what we were doing, and really kind of shocked to know we COULD own a house. That was 1996, in a market place that was more a buyers market than a sellers. Interest rates back then were ...
Posted by Patrick Galesloot
on May 30, 2009
Last week in real estate was a busy week. Sales increased, pending sales increased, and new listings slowed down just a bit. It ads up to a good week.
Overall sales numbers continue the April trend that saw us mirror the sales results of 2006. With interest rates continued to be fore-casted at record lows, and oil prices steadily climbing, the so called spring fling market blip is turning out ...
Posted by Patrick Galesloot
on May 26, 2009
If you are getting a mortgage and putting less than 20% down on that home purchase you were required to get mortgage insurance. This insurance is provided through two companies, one being CMHC.
Who is CMHC?
Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, ...
Posted by Patrick Galesloot
on May 22, 2009
Days on Market is a measure of sales typically an average number. A better measure may be the "median" rather than an "average". The average DOM for April sales was 44 days while the median DOM for April was 40 days. An indicator that buyer's are looking and buying at those listings that are "fresh" on the market. On the Red Deer MLS® system we have our housing data sorted ...
Posted by Patrick Galesloot
on May 17, 2009
One of the more frequently asked questions I and my peers receive is "How long has it been on the market?", and another is "how long will it take to sell my home?". Both questions essentially centered around "days on market" (DOM). Days on Market (DOM) is reported on sold properties, and not often calculated on active properties. The days on market for active properties can be influenced ...
Posted by Patrick Galesloot
on May 16, 2009