Sherwood Park Real Estate Market Report
January 1-31, 2016
Average Sale Price of a Single Family Home: $476,687
Number of Homes Sold: 31
Average Days on Market (DOM) of Sold Homes: 52
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
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.