2009 Comments

It is now the end of 2009 and I thought I would make a comment on the real estate market in Red Deer. 2009 has been a very funny year with lot's of change. I believe most people thought the year would be another tough year and in the first half of the year that was correct in my opinion. The majority of my business was under $325,000.00 and by the end of the year we saw price increases in this part of the market. We also saw inventories decrease which is a great signal for 2010. I do not believe we saw much change in the market in the higher priced homes. It is my opinion that the first half of 2010 will see strong sales and some price increases. The back half of the year could be interesting based on inflation, where mortgage rate go, and any government changes to down payments and amortization periods.Thank you for reading and your e-mails and I look forward to 2010.