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Archive for the ‘Market Stats’ Category

Red Deer Home Sales For December 2016

Monday, January 30th, 2017

Red Deer Home Sales For December 2016, plus year-to-date! Overall, 2016 single family home sales: Red Deer down 7.3%, Blackfalds up 6.9%, Lacombe down 1.3%, and Sylvan Lake down 16.9%, compared to single family home sales in 2015. Read below for more info on Red Deer market! Contact me today to get a value on your home!!!! #reddeerrealestate #housesforsaleinreddeer

Red Deer Home Sales for November 2016

Thursday, December 15th, 2016

Single- Family Home sales are up again, for the 3rd consecutive month! While November 2016, single- family home sales, only outperformed November 2015 by one sale, it’s still an improvement!!!!

For the rest of Central Alberta, single- family home sales, for November 2016 vs November 2015 are: Blackfalds is up 30% up, Sylvan Lake is up 46%, Innisfail stayed the same, Lacombe is down 10%, and Penhold is down 60%.
For the most part, sales are up!
Days on the market, for Red Deer single- family homes, are up from 45 days- on- the- market in November 2015, to 61 days- on- the- market.
Average sale price was $340,000, and there is currently 4.11 months of inventory on the market.
I, am excited to see what 2017 brings to the table. My wish is more employment, for all and a renewed consumer confidence!
To find out what you Red Deer home is worth, contact me here or call me at 403-396-0721.

2014 Review & 2015 Market Forecast For Red Deer & Central Alberta

Wednesday, February 4th, 2015

2014 Market Review & 2015 Market Forecast for Red Deer & Central Alberta

I am approached daily with questions of what is going on in the housing market and/ or what is to come…… The truth is…… I don’t know!!!! Certainly, it is easy to get caught up in all of the news, surrounding the dropping price of oil.  Ultimately, I would like to think the drop in oil prices will not impact our housing market as much as the recession did, back in 2008! This following article, written by the president of the Central Alberta Realtors Association, Lorna Moore, highlights the factors that differentiate the economic climate, from 2008 to the present 2015! The consensus of Lorna Moore and other industry leaders are, we will have a “slower start of the beginning quarter of this year and followed by increased strength in sales as the year continues”.  Read on….

 

As the President of the Central Alberta Realtors® Association, I am continuously asked about the
2015 Housing market forecast. This is in essence the accumulation of opinions of Industry
leaders, professional economists, historical data, statistics and trends. It seems to be of particular
interest this year in light of the changing energy sector. Many people in the public are
questioning as to whether or not we in Alberta will feel the impact as we did in 2008. Although
no one has a crystal ball to predict exactly what the future may hold, the best that I can do is to
explain that the factors that existed in 2008 are not all present in 2015. It is not enough to look
strictly at the numbers of housing units that have sold in our area. We must also take into account
that the global economics are certainly stronger today than we had seen in 2008 with the United
States beginning their recovery from the recession that they were experiencing. In addition,
employment, immigration and a changing trend of investing had played a large role at the time.
Today, although we are heavily invested in the energy sector, it is predicted that we will have a
slower start to the beginning quarter of this year followed by increased strength in sales as the
year continues.
In 2014, Central Alberta recognized an annual increase in sales of 10.6%. Sales of single family
dwellings that sold ranged anywhere from 1.8% to as high as 32.5% in some cases as well as
areas that reflected a decrease as high as 3.6%. Growth in most areas remained steady with the
exception of a few rural areas.
Rental markets still remain tight, however with the decreased lending rates; there may be an
increase in first time home buyers.

How do these statistics affect the consumers? This is a historical blueprint that is measurable to
predict the possibilities of future growth in our area. It is believed that we are entering into a
stabilized market for 2015. Some banks have responded with decreased interest rates of lending
to ensure that consumer confidence remains high.
To conclude, although we have seen these fluctuations in the past, I am confident that Alberta
will remain an ever resilient Province.

 

Lorna Moore

2015 President

Central Alberta Realtors® Association

Click here for more real estate information!

Near-Record December Sales for Red Deer & Central Alberta!!!

Monday, January 26th, 2015

Near-Record December Sales for Red Deer & Central Alberta!!!

Wow! A near- record December for Red Deer & Central Alberta home sales!!!

Red Deer, January 16, 2015 – Residential sales reported through the MLS® System of
the Central Alberta REALTORS® Association remained at historically very strong
levels in December 2014.
Home sales numbered 249 units in December, an increase of 29.7 per cent from the
same month in 2013. This was the second best December sales figure, standing just
three sales behind the record for the month set in 2006.
Sales activity in all of Alberta edged down 2.2 per cent from December 2013 in
December 2014.
On an annual basis, Central Alberta home sales came in 12.3 per cent ahead of 2013
and set a new annual record at 5,496 units. This was also only the third time that
activity has ever topped 5,000 units sold.
New residential listings on the Association’s MLS® System numbered 322 units in
December, up 39.4 per cent from subdued levels in December 2013.
There were 1,753 active residential listings on the Association’s MLS® System at the
end of December, down 10.8 per cent from levels at the end of December 2013. This
was the lowest level of overall supply for any month since December 2007.
There were 7.0 months of inventory at the end of December 2014, well below 10.2
months reported at the end of December 2013 and below the long-run average for
this time of year. The number of months of inventory is the number of months it
would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in December 2014 was $77.4 million, jumping 43.9
per cent from December 2013 to a record for the month. The dollar value of home
sales in all of Alberta edged up only four tenths of one per cent from December
2013.
Sales of all types of properties totalled 262 units in December. This was up 27.2 per
cent compared to December 2013. The total value of all property sales amounted to
$86.7 million in December, up 42.0 per cent on a year-over-year basis.
The Central Alberta REALTORS® Association is an MLS® listing co-operative,
representing more than 560 REALTORS® located in Red Deer and throughout
Central Alberta.

Click here for the full report, with stats and charts!

I can’t wait to see what January 2015 will bring!

Contact Shantel with any real estate questions!

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.