Our Local Real Estate Market in a Nutshell

At least a couple times a day, I am asked how the market is going.  "Things are still pretty weak?"  "Lots on the market, eh?"  "Not much selling, I hear."  Well, this is what I have to say...  The first 11 months of 2019 were not great, much like most of the province of Alberta.  However, in December, the market was busy around here, at least at our office.  There was interest in farm land, residential properties, and even some commercial.  We actually had a accepted offers during the month.  January came along with its cold, and snow, and that slowed things down quite a big.  Then came February.  Buyers are wanting land.  We have found them land.  People are looking for houses.  We found them houses.  Even at Lake McGregor Country Estates, I had a listing for a cottage lot out there, and we sold it.  I believe there were even a couple more cottage lot sales out there this month.  Now, I am not saying that the market is turning around and we are heading into  a big upswing, but what I am saying is that the market is improving.  I am optimistic about 2020, as my office is averaging at least one transaction per week, so far this year.  With us nicely into the 2020 year, our local  market is seeing the expansion of the hospital moving forward.  Estimated to be open for patients later on this summer.  The demo of the old swimming pool is to begin here within a week or two, as work has already begun preparing the interior for being disassembled.  The pool is expected to be done in October, with the opening ready for the summer of 2021.    www.magnusonrealty.com