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Friday Market WatchNumber of Active Residential MLS® Listings in Red Deer?
402 compared to 570 same time last year.
Red Deer residential MLS® Sales for March 2012 so far compared to March 2011?
84 March to date versus 76 in March 2011. Year to date sales volume numbers are 15% higher than last year
Searching for a home then make sure you try us out at:
http://www.century21.ca/advantage/Search/advantage
Posted by Patrick Galesloot
on March 16, 2012
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Reports Of The Market Heating Up, True or False?Real Estate Sales reporting by agents is often based on their personal experiences, and "feelings". It's quite common that you'll talk to a real estate agent and they will say things like "It feels like it;s getting busier out there".
I'm sure I can fine anecdotal evidence and quotes from several real estate agents to support "busier market" statements. The question is are these factual ...
Posted by Patrick Galesloot
on March 8, 2012
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How's The Market? November 2011 UpdateNovember 2011 is seasonally a slower month. Typically residential MLS sales volume for Red Deer declines as we get closer to Christmas. Majority of people seem to be content with being settled for Christmas. However sales occur daily and monthly through out the year and November is no exception.
November 2011 Red Deer residential MLS sales sales volume was 11.5% higher than the ...
Posted by Patrick Galesloot
on December 4, 2011
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Winter Market or Spring?It should be no secret that the busiest season in Red Deer real estate is April, May and June. The answer to the question then would be the second quarter of any given year, or is that merely the popular time and not necessarily the best time to move? 2011 closely resembles a typical Red Deer real estate sales trend: What makes the best time to move the best time? A number of ...
Posted by Patrick Galesloot
on November 14, 2011
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Absorption Rates In Central AlbertaWhat are absorption rates and why would you want to know about them?
Quite simply the absorption rate is a number shows the rate at which the inventory of homes for sale are being sold. A declining figure indicates people the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than ...
Posted by Patrick Galesloot
on October 7, 2011
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Red Deer Real Estate Update September 2011End of September heralds in the fall market, and the closing of the third quarter for MLS® statistics. Here in Red Deer residential sales have been positive for year over year growth and the supply side, namely listings, has decreased year over year. When we started 2011 our expectations were for modest growth and a trend to a balanced market. With the economic conditions in Alberta ...
Posted by Patrick Galesloot
on October 6, 2011
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Sales Up, Prices Down Sales are up and prices are down?
Shouldn't prices rise when sales volume rises? Yes, but there is always a lag time in real estate. To get to the heated market rapid increase stage or growth in equity stage first the sales volume must be at a greater rate than the "for sale" or listing volume. In order to get the sales volume demand up first the prices must be attractive ...
Posted by Patrick Galesloot
on September 2, 2011
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It's Always The Right Time To Buy"You always say now is the right time to buy, come on you're full of it"
I believe that real estate is a long term buy and hold investment so yes, buy now. The trick or "catch" if you're looking for one is the selling side of the equation. When should you sell or "cash in" is often of greater importnace than the buy.
Buying or selling real estate is also a personal decision. ...
Posted by Patrick Galesloot
on August 5, 2011
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Red Deer Real Estate vs. Sylvan LakeOne of the most common questions we get asked is "how's the market?".
That question always should be answered with a "it depends", because it truly does depend ion what market you're referring to. Red Deer is the largest Central Alberta Community but is surrounded by several other communities withing 30 km, such as Sylvan Lake.
Sylvan Lake is a great community and has a different market ...
Posted by Patrick Galesloot
on July 25, 2011
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Grass is Green, For Sale Signs Have Riz, Do You know Where the Market Is?Signs of spring:
Green Grass,
Leaves
Dandelions
and For Sale Signs
Some years it seems as if those for sale signs pop up as fast as dandelions. The warm spring and summer weather certainly brings more people out and about looking at houses. After all would you rather move in -40 and snow or +20 and sunny?
This morning The CMHC crew was in Red Deer and delivered the economic ...
Posted by Patrick Galesloot
on June 2, 2011
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Real Estate Update March 2011A steady start to 2011 and a stronger March to lead Red Deer real estate into the spring market.
Despite all of the cold weather, tons of snow Red Deer real estate MLS® statistics are pointing more and more towards a stronger 2011 and a balance stable market.
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Red Deer Residential MLS®
March 2011
March 2010
% Change
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Listings
232
321
-27.73%
. ...
Posted by Patrick Galesloot
on April 4, 2011
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Mortgage Changes, What They Mean To YouI've been a bit behind in blogging and getting the message out about the changes to real estate mortagge rules but here it is.
The summary of changes:
Amortization reduction from 35 years to 30
Ottawa would no longer guarantee insured mortgages with terms exceeding 30 years, compared to the present 35-year limit.
Home Equity Line of Credit capped at 85% and no longer insured by ...
Posted by Patrick Galesloot
on January 21, 2011
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Record Pace For December MLS® SalesHappy 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 ...
Posted by Patrick Galesloot
on January 5, 2011
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It's A Merry Christmas For Sellers This SeasonQuick Market update before we close the office for a few days for the Christmas break.
Sales in December have been heating up compared to the last two years. More buyers are taking advantage of their rate holds and the availability of quality Red Deer homes for sale. Sales of MLS® listings in the city of Red Deer are up 28% over 2009! Over the last couple of years 2010 is on ...
Posted by Patrick Galesloot
on December 23, 2010
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Why You Should Add Home Buying To Your Christmas ListChristmas time may not seem like the ideal time to be hunting for a home. Many people will put there plans on hold because of the busy holiday season. However now more than ever maybe the ideal time to make your move.
Signs the Red Deer real estate market is changing:
Decrease in listing volume.
The number of listings available at any given time makes up "supply". ...
Posted by Patrick Galesloot
on December 17, 2010
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Up and Down Real Estate MarketWhen you're up you're, and when you're down you're down.
2010 has been a year that looks like a roller coaster ride for MLS® sales volume in Red Deer. If you have been trying to sell your home it may not have been the fun ride you anticipated either. At the end of November the Red Deer real estate market for MLS® sales was a bright spot.
2010
100& ...
Posted by Patrick Galesloot
on December 8, 2010
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This Week In Red Deer Real Estate, Have We Turned The Corner?With what finally seems like the first real sunny day in September we're gearing up for a busy weekend in real estate. The Red Deer real estate activity has turned around compared to August already and we have a week or so left in the month to go.
The story for most of 2010 has been that sales were down 30% from last year. That story is about to change and has been changing all month ...
Posted by Patrick Galesloot
on September 24, 2010
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Cold September Slows Down Buyers Or Has It.Total Listing inventory in the City of Red Deer has declined to the their lowest level 777 properties listed for sale since the end of May (767). While that may be perceived as high for our market place in comparison to previous years it is a positive sign for sellers and further evidence that buyers should be moving to take advantage of market conditions. The weekly sales volume is also ...
Posted by Patrick Galesloot
on September 15, 2010
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Is Your House or REALTOR® Average?How does your home or Real Estate professional stack up against the average?
You may say "what's the big deal?" and it may not be for you, but what would you rather have an average cup of coffee or a good cup? How about a great cup? I'm guessing you'd rather have good or great than average.
It's part of our industry that we track numbers. Sales data and listinginformation ...
Posted by Patrick Galesloot
on September 3, 2010
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Last Week in Red Deer Real Estate, August 22nd, 2010Last week the talk of the office was smoke from the BC forest fires that took over the air quality on Thursday.
This was the scene in Red Deer as published in the Red Deer Advocate.
Fortunately my family and I were on vacation in the Okanagan and missed the smoke. So like you I am getting caught up on Red Deer real estate.
What happened last week?
Well the Chart above some what ...
Posted by Patrick Galesloot
on August 23, 2010
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Expired or Canceled, New Criteria For Selling Your home?Are "Expired & Canceled" Listings part of your criteria for selecting a real estate company? Should it be?
What are expired listinsg or canceled listings?
Expired Listings - are those listings that did not sell over the duration of their listing contract. The contract "expired" before a sale was reported.
Canceled Listsings - are those listings whose contracts were canceled before ...
Posted by Patrick Galesloot
on July 2, 2010
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The 2010 Real Estate Market So Far in Red Deer, ABBeginning of June and we are nearing the half way point to 2010. So far the real estate market for many is one that they would prefer to forget. As previously noted it can be hard for sellers today with the vast number of new listings on the market. Today we have approximately 765 Active listings in the City of Red Deer listed for ale on the Central Alberta REATORS® Association ...
Posted by Patrick Galesloot
on June 10, 2010
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Buying or Selling a House in Red Deer. Must See Statistics!!!
Our listing inventory is still soaring at a total of 727 homes in Red Deer on the market as of the end of May. Last year in May, we had 640 listings. Our prices are directly affected by supply and demand. With the supply continuing to rise, our market remains as a buyer's market. The average sale price for May was $306,011.00 which is a decline from last month where the ...
Posted by Tara Devereaux
on June 2, 2010
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Stronger Buyers Market Or Spring Bump?May "For Sale" signs are popping up faster than dandelions out there right now.
Our present number of active listings in Red Deer is 741 with 44 of those showing as conditional or pending. That's close to one hundred more listings on the market than 2009 where we had 659 for the same time frame.
Does this 12% increase in listings yield a similar increase in sales for Red Deer?
No ...
Posted by Patrick Galesloot
on May 17, 2010
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The Red Deer Condo MarketAre you considering buying or selling a condo in Red Deer?
Yes? Well you've probably wondered if there is a "condo" market. There is and we generally group them more specifically into "Apartment Condos". The Central Alberta REALTOR's® Association groups the data more so by style than type of ownership (A condo is a form of ownership).
The Apartment Condo Market in Red Deer ...
Posted by Patrick Galesloot
on May 10, 2010
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