Market Update – August 2018

By: Deanalee Zuccatto

Take a look at the month of August real estate market update for Spruce Grove, Stony Plain, Rural Parkland County and Rural Lac Ste Anne County below.

Spruce Grove:

Single Family

  • Currently active – 273
  • Sold – 54
    • Average sale price – $381, 603
    • Median sale price – $366,750
  • 1 months of inventory

Condominium

  • Currently active – 49
  • Sold – 8
    • Average sale price – $251,734
    • Median sale price – $247,687
  • 1 months of inventory

Stony Plain: 

Single Family

  • Currently active – 178
  • Sold – 14
    • Average sale price – $324,742
    • Median sale price – $340,000
  • 7 months of inventory

Condominium

  • Currently active – 40
  • Sold – 6
    • Average sale price – $196,583
    • Median sale price – $192,500
  • 6 months of inventory

Rural Parkland County:

Country Residential

  • Currently active – 368
  • Sold – 44
    • Average sale price – $525,044
    • Median sale price – $482,500
  • 3 months of inventory

Vacant Lot

  • Currently active – 226
  • Sold – 13
    • Average sale price – $280,969
    • Median sale price – $327,866
  • 3 months of inventory

Rural Lac Ste Anne County:

Country Residential

  • Currently active – 247
  • Sold – 20
    • Average sale price – $296,495
    • Median sale price – $272,000
  • 3 months of inventory

Vacant Lots

  • Currently active – 146
  • Sold – 6
    • Average sale price – $65,083
    • Median sale price – $59,000
  • 3 months of inventory

 

If you have any questions about the real estate market, buying or selling, please feel free to contact me at (780) 718-1052 and I would be happy to answer them for you!

 

*Months of inventory = the measure of how many months it would take for all of the currently active listings to sell. This is a great indicator of whether it is a buyer’s or seller’s market.
*Seller’s market = 3 or less months of supply
*Balanced market = 3-4 months of supply
*Buyer’s market = 5+ months of supply