Well the grass is finally starting to green and trees are starting to bud, as they should be it is second week of May! It really has been a slow year to warm up outside but in terms of Drumheller real estate we have maintained a consistent pace. The listing inventory has been increasing at a faster pace than the sales which could indicate that we may see some downward pressure on pricing. However on the flip side of that equation the buyers and showings and sales have also been on the increase which could put us back into what I feel is an overall balanced market as the increased showing volume has been resulting in sales.
Pretty much once a day I get the question "How's the Market?" and so I feel it is important to post more frequently in this blog exactly how things are with a little more detail than my standard response "ticking right along". So here it goes armed with the MLS Statistics Report completed as of the end of April 2010 we have seen 32 sales YTD with an average selling price of $232,947.00 compared to 27 sales in the same time frame 2009 at an average selling price of 235,140. For those of you who know me you know that I am a big statistics fan and this proves that the market really is "ticking right along" so to speak with 5 additional sales so far this year and basically a 0 decline in pricing (ok -0.9 drop) Drumheller real estate continues to be a solid investment. Keep posted for additional articles on our local market with the Chambers Real Estate Team
