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Greg Martens 403-391-8849


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Archive for March, 2015

March 15 2015 – Market Update

Monday, March 30th, 2015

Red Deer Market Update – Sales in the first two weeks of March have been like the weather – balmy.  And the current pending sales count indicates that total sales for the month could be well over 100 – a great start to the spring market and contrary to the negative news we have been hearing from the provincial government and the media.

We often hear “I’m going to wait for prices to come down”.  That might work for first time buyers, but if you have to sell one property to buy another, there is little logic in that statement.  If prices come down, the value of the property you have to sell is going to go come down in proportion to the one you are buying.The number of active listings is up almost 50% over the first of March last year.  That is very positive if you are a buyer, but not a big advantage if you are seller.  The advantage to buyers is obvious – more choices and the potential for better prices.  When the ratio between supply and demand falls below 25%, the advantage turns to the buyer, something we haven’t seen in the past year.

The real estate market is much like the stock market.  You never know for sure where the top or bottom is.  Warren Buffet, one of the world’s most successful investors buys on the way down and makes his gains on the rebound.  You can’t go far wrong following his example.

ATB’s Survey Shows Continued Consumer Confidence – Nick Ford – Economist – Alberta Treasury Branch – Mar. 5, 2015 The results from ATB Financial’s bi-weekly Ear to the Ground survey show Albertans remain confident and level headed when it comes to the current state of our economy.

Consumer sentiment in February’s second wave of surveying showed that almost half of all respondents (47 per cent) view the current Alberta economy as strong, an increase of two percentage points from the previous polling period. At the other end of the spectrum, 22 per cent of respondents perceive the current economy as weak, a decrease of five percentage points from the last survey.

Red Deer Mar 15 2015

March 5 2015 – Market Update

Tuesday, March 24th, 2015

The Red Deer market recovered nicely in February from a slower January with sales back over the 100 mark, something that has happened rarely in February over the past several years.  The number of active listings is up sharply and sits well above where we were last year at this time.  Part of the increase can be attributed to builder’s spec homes being listed on MLS.   It’s also normal for inventory levels to increase some when sales are slower. Some very good economic news this past week.  A projected $500 million provincial deficit turned into a $450 million dollar surplus for the current fiscal year.  It’s easy to project that ahead and believe that the $7 billion dollar deficit we’ve been hearing about for 2015 may be a little overblown as well.  No one, including the provincial government, can predict with any degree of accuracy what oil prices will do and when they will turn around. The real estate market this year is off to a slower start.  There is no denying that there have been job losses in the energy sector, but there have also been gains in other sectors.  Low oil prices are a huge boon to forestry, agriculture and tourism which make a substantial contribution to our economy.   Things are hardly ever are as bad as some folks would like us to believe.  Our biggest enemy is fear when we believe everything the media and government tell us.

Greg Martens, RE/MAX Real Estate Central Alberta
4440-49 Ave, Red Deer, Alberta, T4N 3W6
Tel: 403-391-8849 Cell: 403-391-8849 Fax: 403-340-3085
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