MARKET UPDATE – September 1, 2018

In spite of the heat and smoke, August turned out quite nicely in Red Deer, Lacombe, Sylvan Lake and Blackfalds with stronger than expected sales.  At the same time the number of active listings continued their downward trend, pushing supply and demand slightly closer to balance.  Ponoka, Rocky Mountain House and Penhold didn’t experience the […]

MARKET UPDATE – July 1, 2018

June sales in central Alberta were down compared to May in most central Alberta markets except Red Deer, which managed a slight increase.  In that time the number of active listings has experienced slight increases in some markets and slight decreases in others. There are several big picture issues that are influencing the real estate […]

MARKET UPDATE – June 15, 2018

May was a funny month and we are sure that the deadline imposed on the Kinder Morgan pipeline caused some consumer anxiety and was a major factor in a bit slower market.  Inventories in some markets continued to climb while the number of sales was off in most markets.  There has been an improvement in […]

MARKET UPDATE – June 1, 2018

May sales were up slightly in some central Alberta markets and off slightly in others.  Concern over the Kinder Morgan deadline may have impacted consumer confidence negatively, causing sales to slow slightly compared to last month.  We believe it is more likely the pipeline will be completed under federal government ownership and if the general […]

MARKET UPDATE – May 1, 2018

Our assumption that the cold and snowy March played a part in a slower real estate market may have been correct since April was busier in showing activity, new listings and sales.  Central Alberta sales were up a whopping 25% in April compared to March while the number of active listings were also up dramatically.  […]

MARKET UPDATE – April 1, 2018

The number of residential MLS sales in central Alberta in the first 3 months of 2018 was equal to the first 3 months of 2017.  Local markets vary, with Red Deer and Ponoka up year over year, while Sylvan Lake, Lacombe, Blackfalds, Penhold and Rocky are down. The biggest challenge we face as realtors is […]

MARKET UPDATE – March 15, 2018

Sales in the first two weeks in March were down compared to the first two weeks of February in every market except Sylvan lake.  Sales were also down slightly compared to the first two weeks of February 2017 in most markets. The number of active listings are up substantially in every market compared to last […]