Market Update – September 2018

By: Deanalee Zuccatto

 

Take a look at the month of September 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 – 243
  • Sold – 39
    • Average sale price – $349,956
    • Median sale price – $337,000
  • 2 months of inventory

Condominium

  • Currently active – 48
  • Sold – 5
    • Average sale price – $165,300
    • Median sale price – $157,000
  • 6 months of inventory

 

Stony Plain:

 Single Family

  • Currently active – 152
  • Sold – 27
    • Average sale price – $374,972
    • Median sale price – $335,000
  • 6 months of inventory

Condominium

  • Currently active – 44
  • Sold – 2
    • Average sale price – $163,750
    • Median sale price – $163,750
  • 22 months of inventory

 

Rural Parkland County:

 Country Residential

  • Currently active – 331
  • Sold – 29
    • Average sale price – $538,091
    • Median sale price – $502,000
  • 4 months of inventory

Vacant Lot

  • Currently active – 215
  • Sold – 7
    • Average sale price – $187,035
    • Median sale price – $183,750
  • 7 months of inventory

 

Rural Lac Ste Anne County:

Country Residential

  • Currently active – 216
  • Sold – 18
    • Average sale price – $311,549
    • Median sale price – $269,735
  • 12 months of inventory

Vacant Lots

  • Currently active – 145
  • Sold – 3
    • Average sale price – $148,666
    • Median sale price – $151,000
  • 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