November 2018

Found 3 blog entries for November 2018.

Residential sales reported through the MLS® System of the Central Alberta REALTORS® Association numbered 340 units in September 2018. This was down a slightly 2.3% (eight sales) from September 2017.

On a year-to-date basis, home sales totalled 3,146 units over the first nine months of the year. This was an increase of 3.2% from the same period in 2017 and stood above 2016 as well.

Residential sales activity in all of Alberta, by comparison, was down 9% in September 2018 compared to September 2017.

There were 695 new residential listings in September 2018. This was down 8.7% on a year-over-year basis.

Active residential listings numbered 4,327 units at the end of September. This was up 3.4% from the end of August 2017 and marked the highest

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With no change in the economic climate, Sylvan Lake’s sales activity totaled just 22 units in October, bringing the total number of homes sold to 261 year to date. The average selling price has jumped to $312,386 an 9 per cent increase from just last month. This merely means more expensive listings have sold in October compared with those same number of sales (22) in September.

If possible, potential buyers may want to take advantage of the market conditions. However, some face difficulties with mortgage restrictions or failed attempts at selling their existing home. Accurate & strategic pricing is key to over coming an extended listing. A seller should not be discouraged, & rather be encouraged by the advantage of also purchasing within such

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With no change in the economic climate, Red Deer’s sales activity totaled 107 units in October, a 16 per cent decline over the previous year & well below long-term averages. There was a pullback in sales across all product types, leaving supply levels high, resulting in persistent oversupply & price reductions. The average selling price comes in at just $307,587 an 10 per cent decline over the previous year.

If possible, potential buyers may want to take advantage of the market conditions. However, some face difficulties with mortgage restrictions or failed attempts at selling their existing home. Accurate & strategic pricing is key to over coming an extended listing. A seller should not be discouraged, & rather be encouraged by the advantage

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