Market Update for Rocky Mountain House & Clearwater Country.
Quite often as Realtors we are stopped when we are out and about in the community and asked "How is the Real Estate Market?". My answer is That Depends! Depending on whether you are looking to buy, sell, or invest the market can affect you quite differently. In addition, depending on the type of property you have the market is never the same. There are typically fluctuations in different price ranges and better times to buy, list, or sell a specific type of property.
Our Company has a large team that is educated about the market place. If you are wondering how the market affects your specific real estate needs my advice is to make an appointment with one of our Realtor's and take a more personal look at your specific needs.
According to MLS Statistic's 62 properties were listed in the Rocky Mountain House Area in March 2010, 27 of these properties were listed by Century 21 Westcountry Realty Ltd. In March 2009 -57 were listed, 2008 - 49 properties & 2007 - 27 properties.
22 properties sold in the month of March 2010. In March of 2009 17 properties sold, 2008- 18 properties and 2007 - 23 properties.
Four big banks have increased their posted rates on fixed mortgages, signaling the start of an upward move on record-low interest rates. The interest rate increase will mean higher qualifying criteria for new clients who now must meet the five-year posted fixed rate when the new mortgage insurance rules kick in April 19, 2010.
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