Calgary-based real estate company CIR REALTY has opened an office in downtown Red Deer led by John Frére Realty Team.
The two agents with John Frére Realty Team previously worked for Royal LePage and another three Central Alberta agents are expected to start within the month.
CIR REALTY has four Calgary corporate offices and 12 satellite offices in the surrounding area, including offices in Olds and Sundre.
CIR a family-owned company that started in 1983.
Marketing manager Kirsten Faverin said CIR is not a franchise and operates with a unique non-competing, nine-person management team.
“None of our management team is allowed to sell real estate. The entire support structure is completely set up to only help the agents,” said Faverin from Calgary on Tuesday.
“Red Deer is going to be a corporate office. Eventually it’s going to have its own management structure. It’s a brand new marketplace and we’re going to build that office to be just as big and productive as any of our major Calgary offices.”
Dorian Frére said it’s been a seamless change for John Frére Realty Team, who joined CIR in May.
“We know the market inside out. We’ve had great clients. We know all the realtors,” said Frére who has worked in the real estate industry in Red Deer for five years.
So far, it’s been an busy real estate season, she said. “Buyers are active in Red Deer and inventory is down.”
According to statistics from the Central Alberta Real Estate Association, the number of single family dwellings on the market in June dropped to 353 from 423 in June 2012. June sales remained fairly steady at 150 this year compared to 161 in 2012.
She said median sale prices have climbed to $344,450 last month from $297,000 in June 2012.
“It’s a really positive market to be in.”
For more information, call the Red Deer office, located at 102 4730 Ross St., at 403-358-3883 or visit www.cirrealty.ca.