About Heartland, AB

Its hard to believe 2008 is almost over. Its been a great year for real estate in Central Alberta and for me personally. I would like to thank all my clients, I hope you have the same great memories as I do. I got into this business because I wanted to help people find their dream homes in a stress free environment, to find the right home at a fair price. Personally it was a fantastic year. My wife Kelly and I are starting to work together with her hopefully joining me soon to help with the administration side, our six kids seem to be growing into adulthood and one gave us the most precious gifts a couple can have. Courtlyn was born this year and is the first of hopefully many of our grandkids. She is growing and happy and is Grampa's little doll. Nothing beats watching your own kids being born and growing up but a grandbaby is close. Professionally I had my best year in real estate for sales and most come with fond memories of good people finding their perfect home. I am most proud of the fact that I have helped people who had troubles with other realtors, good people who needed someone to care. I try to be honest and open and it seems to be working. To my past clients thank you, I miss you all and you have all changed me and made me better. To anyone reading this that might be looking for a realtor to help, my promise is to always keep your best interests in mind and help you find a home you can grow in, a house you can love in and most importantly a house that you can afford. Thank you all and have a very Merry Christmas

Hi there, welcome to my blog. Hopefully it will be full of real estate news

May 2008, Statistic Analysis

The RDDREB (Red Deer Real Estate Board) has released the stats for May. The total listings processed by Red Deer Real Estate Board in May 2008 has increased by 8,40% in comparance with May 2007. Decrease in city residential listings processed by the Board. There were 387 city residential listings processed ( 403 - April 2007). Total Sales by Red Deer Real Estate Board (all property types) were decreased in comparance with May 2007 from 728 to 548 (24.73%). Decrease in total sales (all property types) from January 1 - May 31/07 to January 1-May31/2008 23.87%.

Red Deer

Average Selling price

May April March February January

Apartment units $207,120 $211,293 $221,928 $206,100 $189,983

Half Duplex $268,962 $260,972 $277,960 $248.088 $264,830

Mobile $74,833 $66,260 $184,000 $68,500 $96.333

S. F. House $353,247 $339,156 $361,465 $368.172 $342,746

Townhouse $230,684 $227,493 $234,033 $221,884 $256,491

Rural Residential

Average Selling price

May April March February January January 2007

Apartment units $181,957 $158,000 $188,333 $200,500 $177,450 $152,500

Half Duplex $249,937 $252,293 $258,060 $205,714 $268,700 $221,619

Mobile $94,579 $88,342 $83,947 $93,028 $73,554 $80,835

S. F. House $290,806 $302,109 $300,003 $282,734 $289,631 $255,619

Townhouse $214,050 $226,350 $234,083 $233,988 $205,771 $213,988

Acreage $455,146 $421,906 $520,407 $494,150 $404,729 $514,526

Note: All stats are from the Red Deer Real Estate Board

Saturday May 31 I had the pleasure of speaking to the attendees at the community breakfast.  There were approximately 60 residents in attendance.  The topic of discussion was that of an economic update with myself being asked to give a Real Estate update.  

I'm always happy to discuss real estate and changes in the market place with home ownes so I enjoyed the opportunity to do so. 

The house prices in the area have risen substantially over the years.  Our data from the MLS board goes back to 1989.  Back in 1989 the average house sale price in Penhold was $57,071.  Springbrook was still operating as CFB Penhold.  Penhold was and still is an affordable alternative to the larger City of Red Deer.  Red Deer's average sale price in 1989 was $95,459.  

Jumping to the first recorded MLS sales data for Springbrook in 1997, the average home sold for $61,425 in Springbrook.  At that time the sales consisted of townhouses and half duplexes.  Penhold's average sale price of houses was considerably higher at $86,432.  Still more affordable than bigger brother Red Deer.  Red Deer's average sale price for single family homes in 1997 was $131,499.

In 2000, sales and new development were occurring in Springbrook, as we entered into a prosperous new Millennium.  Springbrook's single family homes sold for an average of $112,777 in 2000.  Very close to the level of the more established Town of Penhold's average house selling price of $115,257.  Again Red Deer maintained that $40,000 difference with sales average in 200 reported at $157,993. 

So from 1989 to 2000 or the 90's, house prices in Red Deer climbed 65%.  This is pretty substantial growth during a time when we were not in experiencing a "boom".  Penhold's prices doubled over that same decade (101.95%).

For the whole story please visit my blog located here.  You can subscribe to updates to my blog by clinking here: 

Subscribe in a reader

Patrick Galesloot