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What happened in October?

Through out Central Alberta we have a mixed bag of results. As far as Single Family Detached Homes are concerned, the listing Inventory in Lacombe, Innisfail and Blackfalds are very similar to October of 2018, Days on Market have increased for all three communities. I am going to contribute that to the Election as the market seemed to slow down as we drew closer to Election Day.

 In Red Deer there has been an increase in New Listings of 10.22% however there is still a decrease in Active Listings of 10.51%. Sylvan Lake has had an increase of new listings of 17.14 percent and as well an 5.97% increase of active listings. The number of homes Sold is on close to Par with last last year. Days on market has decreased

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Country Serenity on 2.12 Acres, just 5 minutes from Red Deer on C&E Trail. Recently renovated, this spacious open concept Bungalow offers over 3400 sqft of living space.

30x40 heated shop that includes 12’ walls, lots of storage, covered exterior parking for the boat/RV + more. Recent exterior upgrades include, shingles, eaves & soffit. Live your best life surrounded by trees & trails on this beautiful acreage. 

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The Red Deer and District Chamber of Commerce welcomes their new CEO Robin Bobocel.

Bobocel said the Chamber, under his leadership, will not get involved with politics, however, it will advocate and develop policy that supports the business community.

He believes that through the many leaders that call themselves Chamber members—Red Deer business will thrive.

“I believe real leaders are leaders of business,” he said

Leadership is needed, according to Bobocel, because of non business friendly policies that are hurting Red Deer like the carbon tax, federal small business tax changes and raises to the minimum wage.

 

“There is a feeling that business doesn’t have a seat at the table,” he said.

Volunteerism, Bobocel explained, will be

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Statistic’s for Central Alberta's Single Family homes for the 3rd quarter of 2019

Compared to 2018’s  3rd quarter, these are the statistics for homes that have sold

Blackfalds sales decreased by 29%
Sylvan sales on par from last year
Red Deer sales increased by 2%
Rocky sales increased by 10%
Ponoka Sales increased by 30 %
Lacombe sales decreased by 20%

Average days on market is still unpredictable regardless of price bracket, there is still vulnerability there.

Homes Over half a million dollars have been biggest struggle with sales due to the lack of buyers in this state of our economy.

Good news is that some of our smaller communities like ponoka and rocky are getting more activity.

Construction new builds single family homes are

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Impressive 2 Storey on a fantastic lot with amazing curb appeal! This fully developed family friendly home has 3 bedrooms, 4 bathrooms & over 2300sqft to call your own. The open concept is warm & inviting from the foyer right on through with a 3-sided fireplace to enjoy from all angles. The kitchen is an entertainers dream with a large breakfast bar island surrounded by plenty of rich cabinetry & ample counter space. Retreat upstairs to your spacious master suite that includes a walk-in closet & a 4pc spa-like ensuite with Jacuzzi tub & separate shower. 2 good sized bedrooms, a 4pc bathroom & a laundry room complete this space. The basement offers plenty of entertaining space with a theatre room with tiered seating perfect for family movie nights or

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QUARTER UPDATE October 2019

Here is hoping for a wonderful Fall before the snow flies.  As always here is your 3rd quarter report for 2019, I hope you find this information useful.

Right now, the Red Deer market has witnessed a slight increase in sales over last year, 3rd  ¼ shows total Single family home sales up from 239 last year to 242 sales this year a slight increase but very positive news considering the listing inventory has decreased from last years 3rd  ¼  by 12.4 %  however this is positive news as it shows the Absorption Rate has increased by 1.22%

In Sylvan lake 2018 3rd ¼ sales were at 54 and this year 63 or a 23.53% increase.  The listing inventory has increased about 16.83% from last year as well.  Again, this is positive as

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Fully developed bungalow offers a spacious & functional floor plan with 5 bedrooms & 3 bathrooms & an oversized attached garage. Downstairs you'll find a large family/rec room, three generously sized bedrooms all with walk-in closets, a 4pc bathroom, large utility room & plenty of storage. Tour outside to your North facing Deck overlooking the fully fenced & landscaped yard with a parking pad for an RV & 2 custom sheds.

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This Luxury 7 Bedroom Home has been Reduced by $39,000!

Live like royalty in your very own 'Castle'. Located in the Summer Village of Norglenwold, you're just a stones throw from the lake and a short drive to town.

The basement has been finished with a large family room, 2 bedrooms & a kitchen/dining area perfect for a mother-in-law suite.

Above the garage you'll find a great 'bachelor' suite to use as a mortgage helper too! Plenty of room to park all the toys either in the yard or on the recently paved driveway.

 

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Sits on 3 lots is privately treed with beautiful landscaping and fully fenced. Your own private path takes you down to the lake where you can dock your boat.

This gorgeous home has the most spectacular kitchen featuring granite counters, black appliances, ample cupboards and counter space while being flooded with natural light. Beautiful hardwood floors, gas fireplace, vaulted ceilings and neutral colors throughout.

The large master bedroom has a walk in closet featuring built in storage, huge bay window with seating and a 4 pc ensuite. 

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