What will 2010 bring?
Well happy New Year to all of you who follow the Drumheller real estate market with the Chambers Real Estate Team. I would like to take this time to thank all of you who made 2009 one of our best years yet and we look forward to providing you our full range of real estate services in 2010.
I am always excited entering into a new year with so many possibilites and questions to play out in the world of real estate which is constantly changing and evolving. So the million dollar question is what will 2010 bring? Well of course no one has that answer but we do have some really exciting new projects under way in Drumheller and of course a wide range of resale properties to provide many options for those of you looking for a new home or to get into investment properties.
So where are the real "deals" in our market right now? Well I guess a couple areas that I would watch are both in new homes and motivated resale home sales depending on your pruchasing time frame and patience to watch the market. To our markets credit we have not seen any big corrections or massive reductions so you will not find many real fire sale's but watching for motivated sellers and stunning new home's at affordable pricing are where I would make recommendations entering into 2010.
The last half of 2009 did see some great buys in the resale market rewarding those who paid attention to the market conditions and where patient in making educated offers. Most of these buys where in near new homes built in the last 10 years with full development but did not have the high end finishing of the new homes. These homes often faced difficulty breaking over the $330,000 price barrior and therefor made for some exceptional value.
Stevenson homes are continuing to expand into their latest subdivision Bankview Estates and with one completed showhome and 4 basements completed they have some amazing homes that once complete will nearly half complete the subdivision. Fortuantly they have maintained aggesive pricing entering into 2010 on all there homes and i feel that these are a very solid investments with luxury finishing and quality craftmanship they are still one of my top picks.
Another project to keep an eye on that will be completed in the spring of 2010 is Valley Terrace condominums in downtown Drumheller. This mixed use building features 4 commercial bays and 6 residental units that will begin marketing exclusivly with the Chambers Real Estate Team in February 2010.
I could go on and on about how excited I am to be providing my service's in these exciting times in Drumheller but it will have to wait to my next blog as that is all the time i have for now. I look forward to exceeding your real estate requests in 2010 feel free to drop by my office for a coffee or give me a call if you requre any assistance.






