Red Deer Real Estate Weekly Update, week ending March 22

Last week in real estate was another steady week.  Friday was a highlight on the financing front when it was annouced by mortgage brokers the 5 year rate was available at 3.99%.

Yes 5 year mortgage at 3.99%!!  Wow record low rates combined with excellent selection and buyer negotiating ability makes for an ideal time to buy real estate.  Today I spoke with Scott at Regional Mortgagevia email, and he commented that 3.79% was also available provided you are financing $500,000 or more.  Sounds like if you have the credit there definitely is mortgage funds available, and at affordable financing rates.

The snow storm didn't scare off to many people, it may have slowed down things a bit, so watch for a busy end to March.

Last week looked like:

Weekly Sales Comparison, week ending March 22

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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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Dec.29/08-Jan. 4/09 14 7   11 60 9 -62 289 76 488

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Jan. 5-Jan. 11 47 11   36 20 24 -8 299 76 491

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Jan. 12-Jan. 18 69 7 16 44 24 7 31 310 81 506

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Jan. 19-Jan. 25 63 23 21 39 14 10 16 303 84 506

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Jan. 25-Feb. 01 67 21 19 44 29 21 -4 298 86 512

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Feb. 2-Feb. 8 90 27 22 42 17 18 28 328 108 578

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Feb. 9-Feb. 15 70 35 29 38 7 9 19 336 113 591

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Feb. 16-Feb. 22 52 23 24 57 5 10 14 350 117 613

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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             0      

Sales Last week 2009 32 versus Sales Last week 2008 of 36, looks like it was a good week.

Your Friend in Real Estate,

Patrick Galesloot

Stats, are MLS stats for Red Deer form the Central Alberta Realtors Association.

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Patrick Galesloot

Patrick Galesloot

Broker/Owner
CENTURY 21 Advantage
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