Summer is Over!!

Summer is Over and the Market is Heating Up!!
It has been a busy few weeks this last couple of months, but the kids are going back to school and the regular routines we all have are starting to normalize.
The real estate market has been notably quieter in recent weeks but it appears things are once again heating up. In real estate here in Brooks, Alberta we historically have two surges of activity - Spring and Fall.
Some numbers to note in some areas of Brooks, Alberta. Uplands (28 Listings), the WestEnd (36), Meadowbrook (21) and Ingram Park (20) appear to provide us with the most listings over the course of a year, however, each of these areas has shown a decline in the amount of listings. Each of these areas have also shown a decline in percentage of listings SOLD.
-UPLANDS (39% SOLD), WESTEND (42%), MEADOWBROOK (43%) and INGRAM PARK (20%).
The largest percentage of SOLD vs listed is Lakewood (80% Sold), Parkland (80%) and Greenbrook (70%). These areas also had the largest percentage of SOLDs vs listed in 2008 as well.
Duchess and Bassano has held the same percentages of SOLD vs Listings to date this year compared to 2008.
To date in 2009 overall for the Brooks Real Estate Board there is a 44% SOLD vs Listings ratio compared to 54% in 2008. Also of note is the average price in 2008 compared to YTD in 2009 fell about $10,000. ($213,384 fell from $225,319)
Since July 1, 2009 there have been 42 homes in Brooks/County of Newell that have sold. For the same period last year (July 1, 2008-Sept 1, 2008) there was 67 properties that changed ownership. RE/MAX Main Street Realty is responsible for almost 35% of these transactions.
As always any information you would like regarding real estate I would be glad to help.

Brad Stolson, Broker/Owner
RE/MAX Main Street Realty
Brooks, Alberta