Patrick Galesloot - Blog - Patrick Galesloot

Recent Blog Posts by Patrick Galesloot
Century 21 Advantage Web Traffic More traffic helps buyers and sellers. We've been pretty excited about our web platform since it launched. The enhancements have been well recieved by our agents, sellers and buyers. We've added full screen picture slide shows with all our properties that have 21 photos. We also added links to virtual tours and more recently added Google Street View to each listing. The interactive ... Posted by Patrick Galesloot on April 1, 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
Photos, why take good photos? 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		More
Red Deer Days on Market 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		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
Another Red Deer real estate week. Weekly Stats # Listings # Sales # Price Changes Nov. 17-Nov. 23 44 26 60 Listings declined a little bit this past week, which is not a bad thing. We still have plenty of listings to choose from and from a selling standpoint it helps to get the ... Posted by Patrick Galesloot on November 24, 2008		More
Weekly Real Estate Update Changing market over the past 7 weeks, and the change is not over. With the financial markets in turmoil from the US credit crisis, an election called here in Canada, there is a lot of dynamics going on. For a detailed look at the market click here. This week marks one of the lowest inventory levels we have seen in a while with total properties for sale in Red Deer now totalling 597. ... Posted by Patrick Galesloot on September 22, 2008		More
Red Deer Weekly Market Update The bank of Canada decided to hold interest rates steady on September 3rd. The department of Finance set a date with imposed restrictions on 40 year amortizations and the use of zero down. The kids went back to school, and families settled into to back to school mode etc... So where are we now? The number of new listings began to cool off during the first two weeks of August, and ... Posted by Patrick Galesloot on September 15, 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
Zero Down? Buy now before the dooor closes. 2008 is shaping up to be the year for change in Real Estate. June 23rd, 2008 marked a significant change to real estate business. Realtors require your I.D. A new federal law came into force, real estate agents will ask to see your driver's licence, or other government-issued ID. They'll also need to keep personal information identifying their clients, such as occupation and birth-date, ... Posted by Patrick Galesloot on July 21, 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
April open for business and business was... Good. Sales were down from record 2007 sales volume, but well above 2006 numbers. Here at Century 21 Advantage, we led the way with listings sold in Red Deer. Out of the 220 properties sold in April Century 21 Advantage sold 56 which is a little over 25%. How does this compare to what the market is like or what is every one else doing? Well today we see a total of 785 properties available in the ... Posted by Patrick Galesloot on May 8, 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
Market review first quarter 2008 Welcome to April! The beginning of spring for most of us March still feels like winter despite the first day of spring. How are we doing real estate wise? Is the market up or down? What can I expect? You can expect more of the same for Red Deer. For the most part sale prices have levelled off. The median sale price has been static at $325,000 with the exception of the last few weeks which saw ... Posted by Patrick Galesloot on April 2, 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 a park just a park? What great Canadian city wouldn't have a "Coronation Park"? Regina has one, Calgary, Toronto and... Of course Red Deer does, and my Google search for "Coronation Park" turned up 106,000 results. Of course I didn't go through all them to check for relevant to Canada as there are some I'm sure in Australia, and other Commonwealth Countries. So are we unique by having a "Coronation Park"? Well, ... Posted by Patrick Galesloot on September 28, 2007		More
Leaving a Legacy with Real Estate. My grand father recently passed away at the age of 101. Yes 101! He would boast he was actually in his 102nd year. Doing the math you would determine that he was born in 1906. I don’t just marvel at the longevity of his life, but the times he experienced and the legacy he left behind. Then I started to wonder … “What legacy will I leave?”. I am a father of three ... Posted by Patrick Galesloot on September 5, 2007		More

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