Recent Blog Posts by Patrick Galesloot

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 ...

Active Red Deer

When it comes to finding spaces to get outdoors and be healthy Red Deer has a lot to offer.  Red Deer boasts an extensive trail system that winds its way through out Red Deer, its parks and of course the serene and scenic river valley.  You could run down the sidewalk or take your bicycle to the streets but with trails leading north, south east and west you can take a more quieter and scenic ...

Why Not Red Deer?

Why Red Deer? Why not Red Deer! Perfect location and delivers on that warm feeling of community despite its size. Sitting between Calgary and Edmonton, Red Deer is a quick trip to either city. And the mountains? Hop in the car and you can be hitting the slopes in a few hours. Beautiful…did we mention beautiful? Red Deer has an AMAZING park system, bike paths, walking trails and green ...

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.  ...

Westerner Days July 20-24, 2011

 Ya Hoo! Parade day and the start of Westerner Days!  Bring on the Pancakes & Chili,  Midway and Munchies. Everyone seems to have their personal favourites on parade day, whetehr it's horses, the shriners on their little cars, the bands, the pipers or the cars.  The pararde is a hit for the whole family. I thought this guy was cool.  Not very seasonal but looks ...

Red Deer A Top Community Business

Alberta Venture published their list of Best communities to do business in Western Canada and Red Deer is on that list. This is what they had to say: "Red Deer, Population: 90,084 As anybody who's had the pleasure of watching the value of their home skyrocket in recent years understands, it pays to live in a good neighbourhood. That's true of cities as well, and Red Deer happens to live in one ...

Name This District

The downtown district currently known as the Railyards is searching for a new name.   Red Deer’s Greater Downtown Action Plan, calls for new street and pedestrian connections to the riverfront, and a new pedestrian bridge linking parks areas to the developed city centre. The area presently known (or referred to as) The Railyards will become a high density residential district, with ...

Slave Lake Support Update

The support from Red Deer and Central Alberta was very uplifting to see and experience. What started with a couple of working mom's deciding to help out turned it to donation central and the rallying point for the area.  It seemed as though everyone wanted to help and all they needed was some direction and a point.  JDFT was that.  This weekend The Alberta Government released ...

Woody's Red Deer Marathon

May long weekend for some marks the beginning of the camping season while for others it's Woody's race weekend. It's grown to a large event and is an official qualifier race for the Boston Marathon.  Each May long weekend for years Red Deer has joined Woody and ran a half, or full marathon.  This year they also have a 10 km race.  The starting point and finishing point is down at Ecole ...

Bower Ponds

If you grew up in Red Deer during the mid 70's and early 80's you may recall the opening of Bower Ponds.  The pavillion on the ponds the bridge, and fish.  Yes fish.  They stock bower ponds and as young kid growing up you may have rode your bike from southern subdivisions like Morrisroe and tried your hand at catching one. A few years back the Red Deer river swelled over its ...

Real Estate Update March 2011

A 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. . Red Deer Residential MLS® March 2011 March 2010 % Change . Listings 232 321 -27.73% . ...

Record Pace For December MLS® Sales

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 ...

It's A Merry Christmas For Sellers This Season

Quick 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 ...

Why You Should Add Home Buying To Your Christmas List

Christmas 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".  ...

Up and Down Real Estate Market

When 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& ...

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 ...

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 ...

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 ...

Last Week in Red Deer Real Estate, August 22nd, 2010

Last 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 ...

The 2010 Real Estate Market So Far in Red Deer, AB

Beginning 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 ...

100 Years of Red Deer Real Estate Part 1

Century 21 Advantage is gearing up for a birthday celebration.  We are fast approaching our 100th anniversary in real estate.  Thank You Red Deer and Central Alberta! A brief history of the company: The Company was founded late in the year 1910 when local businessman, W.J. Botterill, decided to open a real estate office to take advantage of the impending real estate boom. By early 1911 ...

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 ...

First Quarter 2010 Real Estate Update

It's not just the weather in Alberta that gets everyone talking it's also real estate.  There seems to be some expectation that sales activity and listing turnover rates will return to the heated market activity of 2006 and 2007.  That is not a normal market and not the market place for 2010 so far.  The 2010 real estate market is looking a lot like 2009 right now. Right about now ...

Red Deer Real Estate Last Week

March has been a busy month with lots of action on interest rates, The CREA vs. Competition Bureau talks, and weather being above seasonal.  Has it been busy with sales?  Not as busy as I would have predicted actually.  Given that there has been many headlines or talk on the news about rising interest rates.  This threat of higher costs of borrowing has not produced a vast number ...

This Week in Real Estate

How's the market?  Prices going up? I hear those questions and many like them quite often.  The real estate market in Red Deer is reportedly different than Calgary or Edmonton.  Last week the numbers were: Weekly Stats # Listings # Sales # Pending Sales # Price Changes # Off Market Net loss/gain Active Single Family Listings Total Active Dec.28/09-Jan. ...