2009 Market Reports
Market Report January 2009
First and foremost we wish you a happy and healthy new year.
The market has stabilized a bit over the holidays.
Sales of houses in Red Deer, and Acreages and farms in the Red Deer region, as in the rural country have been very quiet over this period.
We have said for a long time that prices would drop. At this time we still anticipate a drop in prices overall. The value for farms, acreages and houses in Alberta and more specific between Calgary and Edmonton, Central Alberta could see a significant drop this spring. This will depend on the overall world economy, and events in the upcoming months. We DON’T think it’s likely that prices will go up the next 6 month.
Do you want to buy or sell, in the upcoming 6-months ?
- When you want to sell your house, farm, or acreage, be prepared to sell for a lower price. Price it realistic.
You are currently in a buyers market.
- When you want to buy a house, acreage or farm, take your time. If you find a very good deal, go for it. Sometimes, a property is unique, so act on it.
If you are not convinced, wait, there is more coming.
If you need any more information, or an evaluation of your property, (free of charge) -
WHEN TIMES ARE ROUGH, IT’S GOOD TO KNOW WERE THE ROAD AHEAD IS GOING.
Call 403 318 2252.(direct line)
Market Report March 2009
The market is changing in a very fast pace.
Are we optimistic, you bet we are!
This is the time to be informed, and to make informed decisions.
ARE YOU A SELLER:
Be informed what is on the market.
What is the “competition in your field”?
When you compare your property to the others out there you want to make sure you are priced accordingly.
Over-pricing will lead to frustrated buyers, and no sale.
For a quick sale be prepared to give them a “deal”.
Getting money out of the buyer’s pocket is the key, and you have to think that way.
Lowering your price, and selling is better than hanging on too long and losing a sale. With cash in your hand you can shop the same way, and make up for the difference.
ARE YOU A BUYER:
This market is working in your favour. Take the time to check things out and be prepared to make a “cash” offer.
Talk to your bank, and discuss what you can afford in the future.
A pre- approval is great to make solid offers, with very short condition times.
WHAT IS THE MARKET DOING:
We believe that times are turning, and we will go further down.
This means lower future prices for all property’s (excluding specialty items) .
Without mayor change around the world there will be no change from this trend in the near future.
We CAN NOT spent our way out of this problem, as it’s the reason we are in it now.
When you buy real estate, you buy something tangible. Be realistic about the value, and the time you think you will own it.
Positive note:
When you are prepared for a down turn, and it doesn’t happen, that’s GOOD.
Call for information:
Jac Theelen Realty Ltd.
Phone: 403-318-2252
Fax: 403-356-0018
Market Report April 2009
Today is April 5 2009, and as I’m writing this market watch, the sun is shining and snow is finally melting.
Everybody feels that the economy is turning the corner. What the market will do is every body's guess, but being prepared for times to come is always good.
The market as we see it:
Buyers:
Today’s market is definitely a buyers market. There are lots of homes for sale, and prices are cut to meet the current market. You have the time to look around, making sure you buy for the right price. Be prepared to stay in your house for a bit as there could be changes coming.
Current mortgage rates are at an all-time low, and this is good news.
What the future price will do is still up in the air, but if you want to buy now, you can find some great deals.
Please give me a call to get an opinion, and the help you like to get for the purchase of your new home.
We take the time and give you the information you need.
Sellers:
Today’s market is not as bad as it looks. Price is crucial, and pricing it right is the difference between selling and having it for sale.
The money is available, so have it on the market to get the buyers in the door.
We can give advise to make an informed decision.
Give us a call to get an honest opinion on your property, and see what we can do for you.
Quote,
We treat you, the way we want to be treated, our self.
Give us a call,
Jac Theelen Realty Ltd.
Phone: 403-318-2252
Fax: 403-356-0018
Market Report May 2009
The last month we have seen a change compared to the month before.
There were less changes and a few more sales were done.
When you are hoping that the market has changed for the good, we would like to give you the advise to hold off for a party.
As it looks there is some rough roads ahead.
The financial market seems to get a little back to it's normal phase, this could mean that we past the bottem and things will go up from here.
The other option is that we are in the eye of the storm, and you should hold off for what is coming.
BUYER INFO:
The Real Estate market is currently still full of inventory that doesn't sell or is taken off the market. These homes are on the rental market to make the payments, or holding off for the market to go up.
If there is no turn in the next month this market can turn around and drop significantly.
For you as a buyer, it means that you should buy for a lower price, so you anticipate this down turn.
If we are wrong you even made a better deal.
SELLER INFO:
As a seller, you should make a decision: do you need to sell, price it accordingly. Don't go more than 5% over market value to start. When you want to take a risk, go for your own price but keep in mind you could lose as much as you could win.
When you are interested to find out what your home is worth, please give me call.
There are no cost or obligations.
Market Report June 2009
As I’m writing this report summer is just starting.
We almost would like to believe that the financial trouble in the world is over.
For you as a buyer or seller, it’s good to keep a close look on these markets, as trouble isn’t over yet.
Some say, that’s doom and gloom.
Look at it from the sunny side. When you are prepared, you will face it without problems.
Buyers:
When you are planning to buy in the near future, make sure that U have your finances in order.
The market could go further down, which will put more pressure on the equity of your property. We don’t see an upswing in the current pricing, as we are in this for a bit yet.
As a buyer you can decide if you want to pay the current market price or based on your expectations.
Be aware that it can take a while before you can make a profit on your current investment.
We will give you our opinion on your future investment.
Call 403-318-2252 or e-mail theelen@xplornet.com
Seller:
As the market keeps going up and down, we advise you not to gamble on an upswing in the near future.
Better to have a bird in the hand than 10 in the sky.
We will help you to establish a current market value, and an asking price that will sell your property within a reasonable time frame.
As there is a lot of listings on the market that are not selling, you want to set yourself apart without losing any potential profit.
We will give you our opinion on your property.
Call 403-318-2252 or e-mail theelen@xplornet.com
Quote:
Looking at the past will tell you, what to do in the Future.
Jac Theelen Realty Ltd.
Phone: 403-318-2252
Fax: 403-356-0018
Market Report August 2009
It is already the 11th of August as I write this market report.
Today’s market is still a buyers market!
Where the big difference is between my opinion and the majority of the market watchers is, that I see no recovery. What we see is a blip in the market. I belief that there is a big drop, and….. more to come.
The market didn’t bottom out, and we could see significant changes in the upcoming time.
Sellers:
When your home is in the bottom of the market up to around $300,000.- you should sell rather sooner than later. When the market turns, this little boom could stop as soon as it started. Be realistic in your price, and within 5% of the real market price.
****When your home is in higher pricing be the best deal in the market to attract the few buyers out there. Getting top dollar is buying a winning lottery ticket.
Buyers:
When you have decided to buy in the short term, in the lower price range, you have a good choice. Prices are more stable, and most homes are priced to sell.
Single family homes are the best sellers.
When you want to buy a bigger and more expensive home, take your time and consider your options. Expect bigger cuts to come. Be prepared to keep it for a longer time, as the market could take a long time to rebound.
Agriculture properties and acreages, are a different market. We can give you an update when you give us a call or sent us your e-mail address.
When you have any questions or comments feel free to sent me a mail, or call 403-318-2252 (direct line)
Quote: Without rain and storm, there would never be a rainbow!
Jac Theelen Realty Ltd.
Phone: 403-318-2252
Fax: 403-356-0018