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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 […]

MARKET UPDATE – March 1, 2018

Most central Alberta markets we serve are keeping pace with last year while Red Deer is showing signs of improvement.  We can’t see it in all the numbers yet, but there is no doubt that we are feeling more  public optimism than we’ve experienced for much of the last three years. The reasons for optimism […]

MARKET UPDATE – February 15, 2018

Sales in the first two weeks in February were up over the same period in January in most central Alberta markets.  Sales were down slightly or about the same as the first two weeks of February 2017 in most markets. The number of active listings is up in every market compared to last month which […]

MARKET UPDATE – February 1, 2018

January sales in Red Deer brought some sunshine into the market, something we don’t usually expect to see until March or April, although the number of active listings remains stubbornly high for this time of year, keeping the demand/supply ratio in buyer’s territory.  Some January sales may be the residual of last year’s activity to […]

MARKET UPDATE – January 15, 2018

Sales were lower in most central Alberta markets in the first two weeks of January compared to December, probably, as a result of extra activity in December caused by the mortgage rule changes. Sales were on par with the first two weeks of January 2017 in most markets, but up significantly in Red Deer.  Hopefully […]

MARKET UPDATE – January 1, 2018

Sales in Red Deer in December were down compared to November, but up compared to December 2016.  The number of active listings is down but still substantially higher than this time a year ago.  The supply of homes relative to the demand in 2017 has kept the market firmly in buyer’s territory and some buyers […]