Happy New Year!
What a finish to 2010. Red Deer MLS® Sales finished on a strong high note to end the otherwise lacklustre year. 2010 was a year many sellers and REALTORS® would like to forget. Just when we seemed to be turning the proverbial real estate corner the following month was a downturn. That up down cycle was hard on the industry, and sellers. For those buyers out there, they benefited from a great selection, lower prices, and still (yes still) low interest rates.
The fall seemed to be the turn around starting in September, strengthening in November and what appears to be solidifying in December. What is strengthening and solidifying? The real estate market. Buyer confidence.
December 2010 marked the second highest MLS ® December sales volume in the last 10 years. 10!! years!
This is what it looked like.
Yes I'm a little pumped about it. We've been working hard all year and looking for signs of improvement and we are very optimistic that this is "it". I am anticipating a stronger real estate market for 2011. Not "easy" but a gradual improvement in the list to sell ratio from abysmal 30% and 40% sell rates to a more moderate and some may call balanced 60%.
Recap:December MLS® Sales for Red Deer
We should have more 2010 market review statistics in the next few days.
Your Friend in Real Estate,
Patrick is on Twitter @pgalesloot
So is the office @C21Advantage
**Stats from the Central Alberta REALTORS® Association for the City of Red Deer only***