Spring is here and if past years are an indication, you can expect quite a few homes in the Drumheller Valley to change hands.
"It's a buyer's market," stated Paul Doherty, co-owner of the Remax Real Estate franchise in Drumheller. "There is more properties than buyers. Price point wise, things are selling ten percent less than asking price, I'd say, is probably the norm right now."
Doherty explained house sales always go up in the spring after people have been cooped up all winter and are looking to make changes.
"This town is very transitional; it rotates every couple or three years," he pointed out. "You have a lot of RCMP, Pen guards, nurses: they come out to do a couple or three years and maybe relocate back to family and friends."
Although the town's population has not grown by much, increasing by fewer than 100 people from the 2006 federal census to 2011, Doherty believes real estate remains a good investment in the valley. That's why he and Heather VanDyk purchased the local franchise and moved the Remax office to Centre Street across from Campus Alberta Central.
"We're in it for five years," he vowed. "Drumheller's not going anywhere, it's consistent, a fixed market and there will always be a need to buy and sell homes."