Blackfalds Market Update March 1, 2021

Spring is here…. in the real estate market anyway.  Central Alberta residential MLS sales in February were up 43% over January of this year and an incredible 94% compared to February 2020 (before Covid).  Amazingly sales in the first two months of 2021 were 21% higher than the first two months of 2014 (the most active year for sales since 2007). 

The sales to listing ratio in several of our local markets placed them firmly into CMHC’s definition of a balanced market and the rest are quickly moving toward that ideal.  The market under $400,000 has been especially strong and the advantage buyers used to have has quietly slipped away with stories of multiple offers now common. 

What is driving that kind of activity in the middle of the Covid pandemic and an Alberta economy suffering from the energy downturn?  Interest rates are part of the answer but it’s not the whole story.  Albertans are resourceful, determined and willing to take risks.  The lowest prices in years combined with those historic low interest rates has made the risk of moving to home ownership in uncertain times worthwhile. 

Yes, spring is here!  If you are thinking of selling, it’s not too early to start planning your move.  Call RE/MAX today!

Lacombe Market Update March 1, 2021

Spring is here…. in the real estate market anyway.  Central Alberta residential MLS sales in February were up 43% over January of this year and an incredible 94% compared to February 2020 (before Covid).  Amazingly sales in the first two months of 2021 were 21% higher than the first two months of 2014 (the most active year for sales since 2007). 

The sales to listing ratio in several of our local markets placed them firmly into CMHC’s definition of a balanced market and the rest are quickly moving toward that ideal.  The market under $400,000 has been especially strong and the advantage buyers used to have has quietly slipped away with stories of multiple offers now common. 

What is driving that kind of activity in the middle of the Covid pandemic and an Alberta economy suffering from the energy downturn?  Interest rates are part of the answer but it’s not the whole story.  Albertans are resourceful, determined and willing to take risks.  The lowest prices in years combined with those historic low interest rates has made the risk of moving to home ownership in uncertain times worthwhile. 

Yes, spring is here!  If you are thinking of selling, it’s not too early to start planning your move.  Call RE/MAX today!

Red Deer Market Update March 1, 2021

Spring is here…. in the real estate market anyway.  Central Alberta residential MLS sales in February were up 43% over January of this year and an incredible 94% compared to February 2020 (before Covid).  Amazingly sales in the first two months of 2021 were 21% higher than the first two months of 2014 (the most active year for sales since 2007). 

The sales to listing ratio in several of our local markets placed them firmly into CMHC’s definition of a balanced market and the rest are quickly moving toward that ideal.  The market under $400,000 has been especially strong and the advantage buyers used to have has quietly slipped away with stories of multiple offers now common. 

What is driving that kind of activity in the middle of the Covid pandemic and an Alberta economy suffering from the energy downturn?  Interest rates are part of the answer but it’s not the whole story.  Albertans are resourceful, determined and willing to take risks.  The lowest prices in years combined with those historic low interest rates has made the risk of moving to home ownership in uncertain times worthwhile. 

Yes, spring is here!  If you are thinking of selling, it’s not too early to start planning your move.  Call RE/MAX today!

Ponoka Market Update March 1, 2021

Spring is here…. in the real estate market anyway.  Central Alberta residential MLS sales in February were up 43% over January of this year and an incredible 94% compared to February 2020 (before Covid).  Amazingly sales in the first two months of 2021 were 21% higher than the first two months of 2014 (the most active year for sales since 2007). 

The sales to listing ratio in several of our local markets placed them firmly into CMHC’s definition of a balanced market and the rest are quickly moving toward that ideal.  The market under $400,000 has been especially strong and the advantage buyers used to have has quietly slipped away with stories of multiple offers now common. 

What is driving that kind of activity in the middle of the Covid pandemic and an Alberta economy suffering from the energy downturn?  Interest rates are part of the answer but it’s not the whole story.  Albertans are resourceful, determined and willing to take risks.  The lowest prices in years combined with those historic low interest rates has made the risk of moving to home ownership in uncertain times worthwhile. 

Yes, spring is here!  If you are thinking of selling, it’s not too early to start planning your move.  Call RE/MAX today!

Sylvan Lake Market Update March 1, 2021

Spring is here…. in the real estate market anyway.  Central Alberta residential MLS sales in February were up 43% over January of this year and an incredible 94% compared to February 2020 (before Covid).  Amazingly sales in the first two months of 2021 were 21% higher than the first two months of 2014 (the most active year for sales since 2007). 

The sales to listing ratio in several of our local markets placed them firmly into CMHC’s definition of a balanced market and the rest are quickly moving toward that ideal.  The market under $400,000 has been especially strong and the advantage buyers used to have has quietly slipped away with stories of multiple offers now common. 

What is driving that kind of activity in the middle of the Covid pandemic and an Alberta economy suffering from the energy downturn?  Interest rates are part of the answer but it’s not the whole story.  Albertans are resourceful, determined and willing to take risks.  The lowest prices in years combined with those historic low interest rates has made the risk of moving to home ownership in uncertain times worthwhile. 

Yes, spring is here!  If you are thinking of selling, it’s not too early to start planning your move.  Call RE/MAX today!

Clearwater County Market Update March 1, 2021

Spring is here…. in the real estate market anyway.  Central Alberta residential MLS sales in February were up 43% over January of this year and an incredible 94% compared to February 2020 (before Covid).  Amazingly sales in the first two months of 2021 were 21% higher than the first two months of 2014 (the most active year for sales since 2007). 

The sales to listing ratio in several of our local markets placed them firmly into CMHC’s definition of a balanced market and the rest are quickly moving toward that ideal.  The market under $400,000 has been especially strong and the advantage buyers used to have has quietly slipped away with stories of multiple offers now common. 

What is driving that kind of activity in the middle of the Covid pandemic and an Alberta economy suffering from the energy downturn?  Interest rates are part of the answer but it’s not the whole story.  Albertans are resourceful, determined and willing to take risks.  The lowest prices in years combined with those historic low interest rates has made the risk of moving to home ownership in uncertain times worthwhile. 

Yes, spring is here!  If you are thinking of selling, it’s not too early to start planning your move.  Call RE/MAX today!

Rocky Mountain House Market Update March 1, 2021

Spring is here…. in the real estate market anyway.  Central Alberta residential MLS sales in February were up 43% over January of this year and an incredible 94% compared to February 2020 (before Covid).  Amazingly sales in the first two months of 2021 were 21% higher than the first two months of 2014 (the most active year for sales since 2007). 

The sales to listing ratio in several of our local markets placed them firmly into CMHC’s definition of a balanced market and the rest are quickly moving toward that ideal.  The market under $400,000 has been especially strong and the advantage buyers used to have has quietly slipped away with stories of multiple offers now common. 

What is driving that kind of activity in the middle of the Covid pandemic and an Alberta economy suffering from the energy downturn?  Interest rates are part of the answer but it’s not the whole story.  Albertans are resourceful, determined and willing to take risks.  The lowest prices in years combined with those historic low interest rates has made the risk of moving to home ownership in uncertain times worthwhile. 

Yes, spring is here!  If you are thinking of selling, it’s not too early to start planning your move.  Call RE/MAX today!

Innisfail Market Update March 1, 2021

Spring is here…. in the real estate market anyway.  Central Alberta residential MLS sales in February were up 43% over January of this year and an incredible 94% compared to February 2020 (before Covid).  Amazingly sales in the first two months of 2021 were 21% higher than the first two months of 2014 (the most active year for sales since 2007). 

The sales to listing ratio in several of our local markets placed them firmly into CMHC’s definition of a balanced market and the rest are quickly moving toward that ideal.  The market under $400,000 has been especially strong and the advantage buyers used to have has quietly slipped away with stories of multiple offers now common. 

What is driving that kind of activity in the middle of the Covid pandemic and an Alberta economy suffering from the energy downturn?  Interest rates are part of the answer but it’s not the whole story.  Albertans are resourceful, determined and willing to take risks.  The lowest prices in years combined with those historic low interest rates has made the risk of moving to home ownership in uncertain times worthwhile. 

Yes, spring is here!  If you are thinking of selling, it’s not too early to start planning your move.  Call RE/MAX today!

Mid-Month Market Update February 15, 2021

Sunny Days! We’re all tired of nothing but Covid news, but there is lots of good news out there if we can get past the bad stuff.  For example, WT oil prices have increased to over $60 US per barrel (about $76 Canadian – still more than $60 after the Western Canadian Select differential has been taken off).  Demand for oil and natural gas is booming at the moment and the US ability to produce it has fallen off after the Biden administration stopped fracking in parts of the US.

The Covid vaccine looks like it is finally making its way to Canada in spite of massive gaffes by the federal government, and Covid counts and hospitalizations are down across the country.  Those factors will allow governments to relax the rules and let us get closer to the normal we are all desperate to return to.

We believe that good news is part of what is driving the real estate market.  Sales in central Alberta in the first two weeks of February are almost double what they were last February and the number of active listings is down by 33% compared to last year at this time.  For the first time in several years, many central Alberta markets are in balanced territory or close to it.

Mid-Month Market Update February 15, 2021

Sunny Days! We’re all tired of nothing but Covid news, but there is lots of good news out there if we can get past the bad stuff.  For example, WT oil prices have increased to over $60 US per barrel (about $76 Canadian – still more than $60 after the Western Canadian Select differential has been taken off).  Demand for oil and natural gas is booming at the moment and the US ability to produce it has fallen off after the Biden administration stopped fracking in parts of the US.

The Covid vaccine looks like it is finally making its way to Canada in spite of massive gaffes by the federal government, and Covid counts and hospitalizations are down across the country.  Those factors will allow governments to relax the rules and let us get closer to the normal we are all desperate to return to.

We believe that good news is part of what is driving the real estate market.  Sales in central Alberta in the first two weeks of February are almost double what they were last February and the number of active listings is down by 33% compared to last year at this time.  For the first time in several years, many central Alberta markets are in balanced territory or close to it.