Mid-month Market Update September 15, 2019

Sales in the first two weeks of September were up slightly in central Alberta compared to August, while the number of active listings is down.  It’s normal to see slightly higher sales in September, but it’s especially significant considering some Albertans may be waiting for the result of the federal election before making a move.  Lacombe, Ponoka and Penhold were the ones who bucked the trend and saw an increase in their inventories.  Coincidentally those are the markets that don’t already have large excess inventories.

Generally, the number of homes on the market in central alberta is down compared to this time last year.  There are a couple of possible reasons for the change.  First, some of the people who had homes on the market a year ago weren’t getting the prices they needed so decided to wait until the market improved.  Second, new construction has slowed and our total inventory hasn’t been growing much.  Our population has increased a little in the past year which would have absorbed some of our excess inventory.

Mid-month Market Update September 15, 2019

Sales in the first two weeks of September were up slightly in central Alberta compared to August, while the number of active listings is down.  It’s normal to see slightly higher sales in September, but it’s especially significant considering some Albertans may be waiting for the result of the federal election before making a move.  Lacombe, Ponoka and Penhold were the ones who bucked the trend and saw an increase in their inventories.  Coincidentally those are the markets that don’t already have large excess inventories.

Generally, the number of homes on the market in central alberta is down compared to this time last year.  There are a couple of possible reasons for the change.  First, some of the people who had homes on the market a year ago weren’t getting the prices they needed so decided to wait until the market improved.  Second, new construction has slowed and our total inventory hasn’t been growing much.  Our population has increased a little in the past year which would have absorbed some of our excess inventory.

Mid-month Market Update August 15, 2019

Sales in the first two weeks of September were up slightly in central Alberta compared to August, while the number of active listings is down.  It’s normal to see slightly higher sales in September, but it’s especially significant considering some Albertans may be waiting for the result of the federal election before making a move.  Lacombe, Ponoka and Penhold were the ones who bucked the trend and saw an increase in their inventories.  Coincidentally those are the markets that don’t already have large excess inventories.

Generally, the number of homes on the market in central alberta is down compared to this time last year.  There are a couple of possible reasons for the change.  First, some of the people who had homes on the market a year ago weren’t getting the prices they needed so decided to wait until the market improved.  Second, new construction has slowed and our total inventory hasn’t been growing much.  Our population has increased a little in the past year which would have absorbed some of our excess inventory.

Mid-month Market Update September 15, 2019

Sales in the first two weeks of September were up slightly in central Alberta compared to August, while the number of active listings is down.  It’s normal to see slightly higher sales in September, but it’s especially significant considering some Albertans may be waiting for the result of the federal election before making a move.  Lacombe, Ponoka and Penhold were the ones who bucked the trend and saw an increase in their inventories.  Coincidentally those are the markets that don’t already have large excess inventories.

Generally, the number of homes on the market in central alberta is down compared to this time last year.  There are a couple of possible reasons for the change.  First, some of the people who had homes on the market a year ago weren’t getting the prices they needed so decided to wait until the market improved.  Second, new construction has slowed and our total inventory hasn’t been growing much.  Our population has increased a little in the past year which would have absorbed some of our excess inventory.

Mid-month Market Update September 15, 2019

Sales in the first two weeks of September were up slightly in central Alberta compared to August, while the number of active listings is down.  It’s normal to see slightly higher sales in September, but it’s especially significant considering some Albertans may be waiting for the result of the federal election before making a move.  Lacombe, Ponoka and Penhold were the ones who bucked the trend and saw an increase in their inventories.  Coincidentally those are the markets that don’t already have large excess inventories.

Generally, the number of homes on the market in central alberta is down compared to this time last year.  There are a couple of possible reasons for the change.  First, some of the people who had homes on the market a year ago weren’t getting the prices they needed so decided to wait until the market improved.  Second, new construction has slowed and our total inventory hasn’t been growing much.  Our population has increased a little in the past year which would have absorbed some of our excess inventory.

Mid-month Market Update September 15, 2019

Sales in the first two weeks of September were up slightly in central Alberta compared to August, while the number of active listings is down.  It’s normal to see slightly higher sales in September, but it’s especially significant considering some Albertans may be waiting for the result of the federal election before making a move.  Lacombe, Ponoka and Penhold were the ones who bucked the trend and saw an increase in their inventories.  Coincidentally those are the markets that don’t already have large excess inventories.

Generally, the number of homes on the market in central alberta is down compared to this time last year.  There are a couple of possible reasons for the change.  First, some of the people who had homes on the market a year ago weren’t getting the prices they needed so decided to wait until the market improved.  Second, new construction has slowed and our total inventory hasn’t been growing much.  Our population has increased a little in the past year which would have absorbed some of our excess inventory.

Sylvan Lake Market Update September 1, 2019

August sales are typically a little slower than July’s as people wind up their summer holidays and get ready to get the kids back to school.   Sales in Red Deer in August were quite a bit lower than we expected and we aren’t sure why, other than the economy continues to struggle.   Lacombe, Ponoka and Rocky fared a little better while Sylvan Lake, Blackfalds and Penhold down compared to last month.

There are many encouraging signs that the new provincial government is working hard to unravel red tape and encourage investment in Alberta, but they have only been at it for 3 months and it’s going to take longer than that to see the results of those efforts.  We suspect a lot of corporate investors as well as the general public in Alberta are waiting to see the results of the federal election before making any moves.

For those who are optimistic, there is a tremendous opportunity right now to buy in a market with excess inventory to choose from at very attractive prices and relatively low interest rates.  For those who want to partner with the federal government, the new equity partnership is now available.  The government will invest 5% of the purchase price on resale homes or 10% on new homes interest free, but they expect to share in the profits when the house is sold. 

Red Deer Market Update September 1, 2019

August sales are typically a little slower than July’s as people wind up their summer holidays and get ready to get the kids back to school.   Sales in Red Deer in August were quite a bit lower than we expected and we aren’t sure why, other than the economy continues to struggle.   Lacombe, Ponoka and Rocky fared a little better while Sylvan Lake, Blackfalds and Penhold down compared to last month.

There are many encouraging signs that the new provincial government is working hard to unravel red tape and encourage investment in Alberta, but they have only been at it for 3 months and it’s going to take longer than that to see the results of those efforts.  We suspect a lot of corporate investors as well as the general public in Alberta are waiting to see the results of the federal election before making any moves.

For those who are optimistic, there is a tremendous opportunity right now to buy in a market with excess inventory to choose from at very attractive prices and relatively low interest rates.  For those who want to partner with the federal government, the new equity partnership is now available.  The government will invest 5% of the purchase price on resale homes or 10% on new homes interest free, but they expect to share in the profits when the house is sold. 

Ponoka Market Update September 1, 2019

August sales are typically a little slower than July’s as people wind up their summer holidays and get ready to get the kids back to school.   Sales in Red Deer in August were quite a bit lower than we expected and we aren’t sure why, other than the economy continues to struggle.   Lacombe, Ponoka and Rocky fared a little better while Sylvan Lake, Blackfalds and Penhold down compared to last month.

There are many encouraging signs that the new provincial government is working hard to unravel red tape and encourage investment in Alberta, but they have only been at it for 3 months and it’s going to take longer than that to see the results of those efforts.  We suspect a lot of corporate investors as well as the general public in Alberta are waiting to see the results of the federal election before making any moves.

For those who are optimistic, there is a tremendous opportunity right now to buy in a market with excess inventory to choose from at very attractive prices and relatively low interest rates.  For those who want to partner with the federal government, the new equity partnership is now available.  The government will invest 5% of the purchase price on resale homes or 10% on new homes interest free, but they expect to share in the profits when the house is sold. 

Lacombe Market Update September 1, 2019

August sales are typically a little slower than July’s as people wind up their summer holidays and get ready to get the kids back to school.   Sales in Red Deer in August were quite a bit lower than we expected and we aren’t sure why, other than the economy continues to struggle.   Lacombe, Ponoka and Rocky fared a little better while Sylvan Lake, Blackfalds and Penhold down compared to last month.

There are many encouraging signs that the new provincial government is working hard to unravel red tape and encourage investment in Alberta, but they have only been at it for 3 months and it’s going to take longer than that to see the results of those efforts.  We suspect a lot of corporate investors as well as the general public in Alberta are waiting to see the results of the federal election before making any moves.

For those who are optimistic, there is a tremendous opportunity right now to buy in a market with excess inventory to choose from at very attractive prices and relatively low interest rates.  For those who want to partner with the federal government, the new equity partnership is now available.  The government will invest 5% of the purchase price on resale homes or 10% on new homes interest free, but they expect to share in the profits when the house is sold.