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