As a Realtor® in Central Alberta often clients ask me how many foreclosures are currently on the market in the Red Deer area to gauge whether things are getting better or worse in our local market. I’ve decided to do a foreclosure breakdown count monthly detailing the total number of foreclosure homes on the market and chart how the numbers trend.
Would you consider a real estate market improving if there are less foreclosure properties? It would be a reasonable assumption and since Dec 12th, 2017 we have noticed less foreclosures hitting the market and more being sold.
If you are interested in capitalizing on the purchase of a distressed or foreclosure property a good time is now. There will likely be fewer ongoing.
Currently at Feb 22nd, 2018 in Central Alberta there are:
To view Feb 22nd, 2018 foreclosure results » CLICK HERE «
98 foreclosure units for sale (down 13 since Dec 12th)
58 single family detached foreclosure units for sale (up 3 since Dec 12th)
16 condominium foreclosure units for sale (down 9 since Dec 12th)
13 acreage foreclosure units for sale (down 1 since Dec 12th)
6 mobile home foreclosure units for sale (down 1 since Dec 12th)
7 other (half duplex, townhome…) foreclosure units for sale (down 5 since Dec 12th)
In a few weeks with a sample of more data I will repost these counts and start charting to see how the numbers trend.