Tagged : Sylvan Lake Real Estate Market Update

Found 6 blog entries tagged as "Sylvan Lake Real Estate Market Update".

 

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, 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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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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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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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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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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