Red Deer Real Estate Blog

Thank You Red Deer and Central Alberta for helping us become one of the top 21 real estate offices for Century 21 Canada.

We were named the #10 Firm for Century 21 Canada and our residential office was named:

• The #14 Office for Century 21 Canada by Production
• The #11 Office for Century 21 Canada in Units 

Quite an achievement for an office in a city the size of Red Deer.  Other offices on the top hail from cities such as, Edmonton (#8), Calgary (#12, and #19), and other large centres.  Some areas such as Thornhill Ontario which made the list is closest in size yet is bordering Toronto and influenced by the Greater Toronto Region.

Congratulations to our award winning team at Century 21 Advantage and their commitment to delivering

consistent quality service no matter the market conditions.

Patrick Galesloot

Owner/Manager

Follow the award winning Century 21 Advantage team on Twitter:  @C21Advantage

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 levels (homes that haven’t sold) for quite some time.  Fortunately those numbers have been declining for some time now gradually.  The weekly sales to listing ratio has been on the positive side of 50% which means less houses are carried over than the previous week.  The increase in sales, certainly has an effect on the listing ratio, the other side of that equation is the listings.  We are not seeing expired or cancelled listings returning to the MLS® market as rapidly as one may have initially thought.  Some sellers are waiting, or changed their minds for their own reason.  The number of expired listings for June is also down from 2008 levels (60 vs 91).

We now have weekly inventory levels hovering around 600 properties for sales in Red Deer list with the CARA MLS®.  That number being the lowest for quite a number of weeks and a few months.

All of these numbers add up to a improved and positive real estate market in Red Deer.  I’d like to say the worst is over but as we saw in the fall of 2008 anything can happen economically that can change our economics.   While it is safe to enjoy the sales we are currently experiencing, and the improvement in the Red Deer economy, it is premature to announce anything but a “balanced” market. 

Houses sell everyday, and some do not.  Now is not a time for being stubborn on price, or neglectful with maintenance items.  The right price for condition is the difference between for sale and sold.  The same is not true perhaps for all price ranges.  If you are in a higher priced home the number of buyers today are not plentiful.  The bulk of the activity is still in the middle around that $300,000 mark.  The average sale price for June was $291,287.

 Bottom Line:

You can buy with confidence knowing that the market today has improved and is showing signs of a strong, healthy balanced market.  If you’re thinking about selling the market is better, the activity is more plentiful, but you can’t go fishing for that higher price.  Talk to your REALTYOR® about the market and how it effects you.

Your Friend in Real Estate,

Patrick Galesloot

Follow Century 21 Advantage on Twitter:  @C21Advantage

Follow Patrick on Twitter:  @pgalesloot

Our newest listing activated today can be found at:

www.6EllenwoodDrive.com

It is a well cared for end unit townhouse in Eastview, on the South East side of Red Deer, AB.  the listing price is $226,900 and the home features 3 bedrooms, 2 baths, and newer flooring and decor. 

All of our listings have 21 photos to showcase them, and you tube video slide shows or video tours.  If you would like to get similar Internet exposure including:

• Property Address domain name for your home
• 21 high quality full screen photos and
• Youtube video

Give De and Patrick a call.

Patrick Galesloot Patrick on Twitter:  @pgalesloot

De Galesloot De on Twitter:  @DeGalesloot