Central Alberta Real Estate - real estate report

Sylvan Lake Market Update – September 30, 2018

With no change in the economic climate, Sylvan Lake’s sales activity totaled just 22 units in September, bringing the total number of homes sold to 239 year to date, a mirror image of 2017. 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 $286,727 an 11 per cent decline over the previous year.

Potential buyers may want to take advantage of the market conditions. However, some face difficulties selling their existing home based on their expectations, preventing them from purchasing something else & moving on. It looks as if the buyer's advantage will continue for the remainder of this season. Let's just have a…

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Red Deer Market Update – September 30, 2018

With no change in the economic climate, Red Deer’s sales activity totaled 106 units in September, 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 $309,304 an 10 per cent decline over the previous year.

Potential buyers may want to take advantage of the market conditions. However, some face difficulties selling their existing home based on their expectations, preventing them from purchasing something else & moving on. It looks as if the buyer's advantage will continue for the remainder of this season. Let's just have a Happy…

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Sylvan Lake Market Update – August 31, 2018

The recent court decision against the Transmountain Pipeline has re-raised frustration levels & likely a whole lot of anger from many Albertans. It's a significant blow not only to the province, it's a direct punch in the face to the entire country.

As for Sylvan Lake real estate the number of sales has increased nicely for the month of August. However, the number of listings seems to also be on the rise, likely those trying to sell during the final rush after the summer months. Real estate activity seems to be rising as children return to school & the weather has began to cool. Families looking for larger homes may now have the time to get out there, find their new homes & write some offers. Sellers who have been patiently waiting all summer…

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Red Deer Market Update – August 31, 2018

The recent court decision against the Transmountain Pipeline has re-raised frustration levels & likely a whole lot of anger from many Albertans. It's a significant blow not only to the province, it's a direct punch in the face to the entire country.

As for Red Deer real estate, the average selling price has increased nicely for the end of summer. However, the number of listings seems to also be on the rise, likely those trying to sell during the final rush after the summer months. Real estate activity seems to be rising as children return to school & the weather has began to cool. Families looking for larger homes may now have the time to get out there, find their new homes & write some offers. Sellers who have been patiently waiting all…

960 Views, 0 Comments

Sylvan Lake Market Update – June 30, 2018

There are several big picture issues that are influencing the real estate market in Alberta, positive and negative.  On the positive side, oil prices are up again and there appears to be some good news on the pipeline front – Kinder Morgan still in progress rather than stopped completely, Enbridge’s Line 9 has received further approvals in the U.S (although there are still some regulatory hurdles) and even the long-delayed Keystone appears to be making headway.  And, for the first time in three years, Alberta experienced a positive net interprovincial population increase in the first quarter of 2018.

On the negative side, the escalating trade war between Canada and the U.S. is causing some real financial stress for some, but more importantly,…

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Red Deer Market Update – June 30, 2018

There are several big picture issues that are influencing the real estate market in Alberta, positive and negative.  On the positive side, oil prices are up again and there appears to be some good news on the pipeline front – Kinder Morgan still in progress rather than stopped completely, Enbridge’s Line 9 has received further approvals in the U.S (although there are still some regulatory hurdles) and even the long-delayed Keystone appears to be making headway.  And, for the first time in three years, Alberta experienced a positive net interprovincial population increase in the first quarter of 2018.

On the negative side, the escalating trade war between Canada and the U.S. is causing some real financial stress for some, but more importantly,…

836 Views, 0 Comments

Sylvan Lake Market Update – May 30, 2018

Can we say plateau.. I'll let the charts describe the market this month. This is supposed to be the peak of the season for sales & that doesn't say much for the rest of the year.. It is in the writer's opinion that there are a number of political factors causing both frustration & anxiety throughout the Western Canadian provinces.

Information Based on Red Deer Real Estate Board MLS® Stats 2014-2018

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Red Deer Market Update – May 30, 2018

I'll let the charts explain this month! This is supposed to be the peak of the season & we're at an all time low for sales... It is in the writer's opinion that there are a number of political factors causing both frustration & anxiety throughout the Western Canadian provinces.

Information Based on Red Deer Real Estate Board MLS® Stats 2014-2018

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Sylvan Lake Market Update – April 30, 2018

From winter, directly into summer!

Sales in April are showing a good amount of traction & remain ahead of 2017 so far this year. Though the average sale price overall is down, things are beginning to move. Sellers & industry professionals will have to be patient with high inventory statistics, as both the number of listings & the number of days to sell is at an all time high from the last four years. Buyers... it is time!

The residential real estate market is experiencing a definite increase in activity, which we hope leads to a healthier year in real estate.

Information Based on Red Deer Real Estate Board MLS® Stats 2014-2018

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Red Deer Market Update – April 30, 2018

From winter, directly into summer!

Sales in April are showing a good amount of traction & remain ahead of 2017 so far this year. Though the average sale price overall is down, things are beginning to move. Sellers & industry professionals will have to be patient with high inventory statistics, as both the number of listings & the number of days to sell is at an all time high from the last four years. Buyers... it is time!

The residential real estate market is experiencing a definite increase in activity, which we hope leads to a healthier year in real estate.

Information Based on Red Deer Real Estate Board MLS® Stats 2014-2018

1048 Views, 0 Comments