Central Alberta Real Estate - Red Deer real estate

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,…

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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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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

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Red Deer Market Update – March 31, 2018

With the coldest Easter on record out of the way, we're sure to have some warmer weather in the near future!

Sales in March were stuck at a plateau from February earlier this year. Perhaps the late winter & colder temperatures have kept the buyers at bay. The increased number of listings are likely the result of a build up of sellers, who have been unable to sell in recent markets. This back up of unsold houses can provide a healthy inventory for potential buyers to choose from.

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 – February 28, 2018

As activity levels seem to be warming up, so is the weather! This is about the time that many potential buyers, who have been scoping out their targets, come out to look.

Residential sales reported through the MLS® System of the Central Alberta Realtors Association numbered 224 units in January 2018. This was an increase of 21.1% from January 2017 & the highest level for the month since 2014. Sales activity in all of Alberta was up 6.8% from January 2017. There were 3032 active residential listings on the Association's MLS® System at the end of January, rising 5% from levels at the end of January 2017. This was the highest level of inventory for this time of year since 2011 & the second highest ever.

Information Based on Red Deer Real…

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