Market Update – October 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 – 223
  • Sold – 40
    • Average sale price – $341,004
    • Median sale price – $325,500
  • 5 months of inventory

Condominium

  • Currently active – 48
  • Sold – 4
    • Average sale price – $218,740
    • Median sale price – $213,500
  • 12 months of inventory

 

Stony Plain:

 

Single Family

  • Currently active – 144
  • Sold – 16
    • Average sale price – $347,681
    • Median sale price – $353,750
  • 9 months of inventory

Condominium

  • Currently active – 45
  • Sold – 2
    • Average sale price – $244,610
    • Median sale price – $244,610
  • 5 months of inventory 

 

Rural Parkland County:

 

Country Residential

  • Currently active – 286
  • Sold – 30
    • Average sale price – $587,471
    • Median sale price – $410,000
  • 5 months of inventory

Vacant Lot

  • Currently active – 205
  • Sold – 9
    • Average sale price – $200,666
    • Median sale price – $210,000
  • 7 months of inventory

 

Rural Lac Ste Anne County:

 

Country Residential

  • Currently active – 190
  • Sold – 12
    • Average sale price – $284,637
    • Median sale price – $297,000
  • 8 months of inventory

Vacant Lots

  • Currently active – 140
  • Sold – 2
    • Average sale price – $54,500
    • Median sale price – $54,500
  • 70 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