Patrick Galesloot - Blog - Patrick Galesloot

Recent Blog Posts by Patrick Galesloot
Red Deer Real Estate 2009 Market Update and Beyond We finished 2009, the end of the first decade of the "New Millennium". This month we've been busy returning to work focusing on new goals for the new Year. At Century 21 Advantage we have also been preparing for our kick off meeting. This is the meeting where we present tips, tools and information to our associates so that they can better serve your real estate needs. This year ... Posted by Patrick Galesloot on January 23, 2010		More
Seasons of Change for Red Deer Real Estate October is truly a season of change with harvesting done or in final stages, snow appearing and disappearing, leaves turning, and houses on the move. We've officially entered the 4th fiscal quarter for 2009. So how are we doing? A recent article in the Red Deer Advocate would have you believe that the market outlook is quite flat and bleak. This week we've experienced market news ... Posted by Patrick Galesloot on October 14, 2009		More
Red Deer 2009 June MLS® Sales Exceed 2008 Levels June 2009 was a busy month for MLS® sales in Red Deer. The Central Alberta REALTORs® Association (CARA)recorded 213 sales for June 2009 which exceed 2008 sales number 213. So the market is busier for sales than last year, it is good news but premature for a celebration. It is still quite competitive if you are selling. We have been carrying inventory ... Posted by Patrick Galesloot on July 6, 2009		More
Last Week in Red Deer Real Estate, week ending April 26th April Continues to improve upon February and March numbers. The warm spring weather combined with low interest rates are certainly bring out the buyers. Reports from our associates hosting open houses is that the open houses are busy. All that extra traffic has turned into sales for sellers. The number of sales so far for the month of April is at 162 sales in ... Posted by Patrick Galesloot on April 28, 2009		More
How to get from "For Sale" to "Sold" in Red Deer Two comments or questions asked of us that we hear most often today: "Is the market going down more?" "I'm waiting for the prices to come down further" Quite often people are surprised when I mention that houses are selling. I think too many people are listening to CNN or Canada Am, and getting national news or news from other regions mixed up with local news. The reality is yes ... Posted by Patrick Galesloot on March 20, 2009		More
Red Deer Real Estate Update part 2 A busy few days kept me from updating on how February ended in Red Deer. It ended on a positive note. After experiencing a few months of sluggish sales we experienced an increase over January. The bulk of the activity is occurring in the $250 - $350,000 range. The activity that occurred in January in that range probably pushed the wave up into higher ranges for February. ... Posted by Patrick Galesloot on March 8, 2009		More
Red Deer Real Estate Thanksgiving Numbers for the local real estate market here in Red Deer, were recently released. Despite a global economic freak-out on a local level real estate remains stable over all. The weekly sales volume reacting to media, but overall we're experiencing a consistent trend. Compared to a year ago September sales have been good, but 2008 has more spikes. Possible media connection with the ... Posted by Patrick Galesloot on October 10, 2008		More
Penhold Alberta, the place to invest in Looking for a small town loaded with potential? Penhold may just have what you are looking for. Penhold although small in stature is the only "bedroom" or "commuting city" with in 15 - 20 minutes of Red Deer that has experienced an increase in MLS sales volume. The average sale price for real estate in Penhold has also experienced growth over 2007, not matched by Blackfalds or Sylvan ... Posted by Patrick Galesloot on September 21, 2008		More
August market in Red Deer Back to school may be the most wonderful time of the year for those of us with kids. The question is will it be the same for the real estate market? August turned out to be a mixed bag yet again. The single family home sales were strong if you were priced right and not in a higher price point. Town houses and duplexes are settling out into a good groove. Apartment condos on the other hand not ... Posted by Patrick Galesloot on September 5, 2008		More
Red Deer Neighborhoods at a glance: What area do you live in or want to buy in? As you can see each area has their own characteristics. The above table shows the values for all housing types. The areas with higher number of townhouses, apartments etc... tend to have a lower average list price than say Oriole Park that is currently being developed so a lot of new homes are being built, listed and sold there pushing ... Posted by Patrick Galesloot on August 11, 2008		More
Red Deer, May Blockbuster Not your typical movie fare, but when it comes to new listings 2008, is a block buster of a year. It wasn't that long ago we were in a heated seller's market, we only have to look as far back as 2006. Then we started transitioning out of that frenzy in 2007 to today's buyer's market. Each market has it's good points and bad depending on the side of the transactional fence you are sitting. For ... Posted by Patrick Galesloot on May 26, 2008		More
More drops in the Interest rates, benefits who?? Today the Bank of Canada announced yet another decrease in interest rates. A significant cut from 3.5% to 3.0%. The last time the Bank of Canada dropped rates by 1% in the same short time frame (6 weeks) was back in 2001. The Bank of Canada indicates that they are doing so in response to economic indicators primarily from the US economy. From the Bank of Canada Press Release: "The Bank is now projecting ... Posted by Patrick Galesloot on April 22, 2008		More
First Day of Spring Market Update Inventory is up so can the same be said for sales??? As of today we have 673 properties for sale in Red Deer and 43 of those have pending offers. That's a lot of properties to choose from. So yes Red Deer is still in a buyers market. Those buyers where are they? Well they are out there. The weather has been fantastic with Spring weather conditions here. More people are out looking at properties and ... Posted by Patrick Galesloot on March 20, 2008		More
Penhold Market at a Glance: Here it is the day before Valentines day, and Penhold Real Estate appears to be as strong as ever. For those unfamiliar with Penhold, Penhold is located 14 kilometers south of Red Deer. Penhold is a growing community yet one who's growth has been slower than some of its neighbors. That is changing. For years now the north section has been tied up with a developer who was just slow to get things done. ... Posted by Patrick Galesloot on February 13, 2008		More
January 2008 Market Update, More of the same? Kind of, yes.December was a slow month in comparison to the other months in 2007. Sales of single family homes totaled 62 and in January we saw a modest increase up to 69 single family homes sold. Not a large numbers jump but still a 11.29% increase in sales. I wouldn't be surprised if I read a head line that indicated sales increase by 11%. That would not be an accurate reflection ... Posted by Patrick Galesloot on February 4, 2008		More
Best Year Ever? With head lines indicating that the end is near, and that we're in a buyers market so look out for falling prices how can 2007 be the best year ever? By the numbers it is. Volume of sales is up, the average sale price is up, and the economy is strong. This is what it looks like for 2007 in the city of Red Deer: 2006 YTD 2007 Average List Price $252,791 $313,378 Average ... Posted by Patrick Galesloot on November 22, 2007		More
October ends but wasn't a scary finish! In fact it was another busy month for real estate in Red Deer. It was very similar to October 2006. There was a total of 100 Single family homes sold in October 2007 compared to 101 in 2006. The similarities continued with the average sale price. The average sale price for 2007 single family homes was $338,856 and in 2006 it was $333,138. Our growth has slowed to a point where we've caught up to ourselves. ... Posted by Patrick Galesloot on November 2, 2007		More
September stats are Balanced The Red Deer Real Estate Board released their stats yesterday for September. A few of the highlights are:"BUYERS BENEFIT FROM BALANCED REAL ESTATE MARKET"FOR IMMEDIATE RELEASERed Deer – October 9, 2007 – Throughout Central Alberta homes continued to change hands at areasonable rate last month according to the MLS® figures released by the Red Deer & District RealEstate Board.Residential sales ... Posted by Patrick Galesloot on October 10, 2007		More
Market Watch, Comfort Zone in Fall Market Recently I was having a conversation about the market with a few friends and colleagues. Those that were not Realtors were asking about the so called price decline in Listings. "How much do you think the market will fall?" they asked me. I look at them and reply "fall?". The market is competitive and yes there is pressure on price, and on the surface it may seem like ... Posted by Patrick Galesloot on October 7, 2007		More
Penhold Market Update: It's October 1 and we've officially entered the last fiscal quarter for 2007. What an exciting year in real estate again. Dramatically different then 2006, and I can't wait to see how the rest of the year unfolds and 2008 begins. Penhold historically has been somewhat quiet in comparison to the neighbors. 2007 is year best characterized as people on the ... Posted by Patrick Galesloot on October 1, 2007		More
Is the sky falling in Alberta?? Alberta is the talk of all my friends and relatives from out of province. After escaping to the Okanagan for a family holiday, I heard over and over "How's the market?" or "Market is declining now?” So what is going on here in Red Deer? Lots! The biggest recommendation I can make to clients is to be informed and have realistic expectations regarding ... Posted by Patrick Galesloot on August 27, 2007		More

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