Red Deer Mortgage Broker – Market Update

Red Deer Mortgage Broker - Market Update

Red Deer Mortgage Broker – Market Update

January 11, 2018
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If you are looking for a Red Deer mortgage broker who has the experience to answer all of your mortgage related questions and the knowledge to help you navigate through the ever-changing real estate market, look no further!

I work hard to stay up to date on both the mortgage and real estate industries – continuing my education on mortgage processes and researching the local and national markets – to help my clients find the best home and financing options for their situation.

The Alberta Real Estate Association has reported steady sales figures as the market headed towards the end of 2017. In fact, the most recent statistics released by the AREA show that residential homes sales had increased during the month of November 2017 when sales numbers are compared on a year-over-year basis.

There was a total of 4,040 residential units sold during November of 2017, which shows an increase of 16% from the total number of residential units sold during November of 2016. Even on a year-to-date basis, residential homes sales were up 9.1% as the total number of units sold during the first 11 months of 2017 rose to 54,041.

Throughout Alberta, the average sold price of homes that were purchased in November of 2017 was recorded at $385,030. This figure puts the provincial average for November 2017 2.7% below the provincial average for November 2016.

Sales were not the only thing that increased between November 2016 and November 2017. The number of new listings that were added to the Alberta real estate market also increased, rising by nearly 4% to 6,698 in November of 2017.

As an experienced and knowledgeable Red Deer mortgage broker, I am here to help you take advantage of the large number of homes that are available to you and unbeatable prices! Give me a call today to find out what financing options are available to you so you can begin your search for the perfect home! 

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