Happy New Year to you all and welcome to 2012!
This New Year has positive signs in it for our community and the local real estate market. The City received the much needed funds from the Air Weapons range to assist with the infrastructure issues and large oil company projects (Imperial Oil, Cenovus and the new Osum Energy) look as though they will continue to develop and require more staff and contractors. These are all positive signs that additional housing will be needed and our present property values will continue to go up.
In 2011 we have seen an increase in Residential property sales in the City of Cold Lake by 13% compared to 2010. An increase in the Average Sale price by 3.8% makes the average selling price $332,054 at the year end of 2011.
We will be posting more updates on current market conditions, local real estate news & statistics throughout the year. We hope you will check back often. We are very receptive to comments and questions so if you do have any, please don’t hesitate to call or email either one of us.
Bernard & Ryan Lefebvre