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Sherwood Park Real Estate Market Report January 2016

Posted by Ralph Henze on Thursday, February 11th, 2016 at 9:31am.

Festival Place, Sherwood Park, AB

Sherwood Park Real Estate Market Report

January 2016

January 1-31, 2016

Average Sale Price of a Single Family Home:  $476,687    

Number of Homes Sold:  31  Sherwood Park Home     

Average Days on Market (DOM) of Sold Homes:  52

January 2015

Average Sale Price of a Single Family Home:  $444,907

Number of Homes Sold:  40

Average DOM of Sold Homes:  38

As of February 11, 2016:

Average List Price (Active Listings):  $499,762

Number of Single Family Homes on the Market:  165

 

Search the MLS Here for Homes on the Market in Sherwood Park

 

January 2015 - January 2016

Average Sale Price of a Home in Sherwood Park

Average Sale Price of a Sherwood Park Home

Average Days on Market of a Home in Sherwood Park

Number of Homes Sold in Sherwood Park January 2016

Overall, activity in the Sherwood Park real estate market was strong from March to July with prices remaining relatively unchanged until then.  From July to September/October prices came down 5%-8%.  The number of homes sold has been decreasing during the second half of the year and the number of days for a home to sell (DOM) has increased from 30 days to closer to 50-60 days.  Prices during the last quarter of the year were up and down but were based on a low number of homes sold so that data is difficult to draw conclusions from.  That being said, with interest rates at an all time low, there are some well priced buying opportunities when it comes to homes for sale in Sherwood Park.

 

Contact me for more information on the Sherwood Park real estate market.

Contact Ralph Henze

RE/MAX Elite

780-918-7885

ralphhenze@gmail.com

 

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