My first time blogging!! This was a memo I posted to my associates at RE/MAX Main Street Realty in Brooks, Alberta. Our goal is to be educated on the market and therefore we can educate the public to always ensure our clients are making good decisions. After reading it I thought what a perfect way to start blogging to the public. (btw BREC is the Brooks Real Estate Co-operative)
"Well the year definitely has not started off to a great big bang, but the numbers are showing stability and slight growth. Growth at a slow pace and showing stability will have to be a dominating characteristic in our “new economy”. Of course, what goes up must come down – hence the “bubble” popping process. Real Estate grew too fast in too short of a time in the last 5 years. I’m sure everyone has learned their lesson (this is sarcasm at its best – it has happened before and it will happen again!!). Hopefully this time around – “...we won’t piss it all away”.
*Heres some useful information – the average price of a home sold in Brooks/County of Newell rose over 18% from the last 3 months of 2008 compared to the 1st 3 months of 2009 (maybe we haven’t learned our lesson at all).
RE/MAX MSR continues its dominance in certain aspects of the sales – we continue to lead the negotiating power – up 1% compared to BREC (Brooks/County of Newell) and our average sales price is 2.5% higher than BREC... Lastly, our average shows we sell our listings up to 2 weeks quicker than BREC.
We also have continued our dominance in amount of overall sales (who wants the big chunk of the pie?) (Jan-Mar 2008 – 55% and Jan-Mar 2009 – 49%)."
Brad Stolson
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