Sherwood Park Real Estate Market Update
Tuesday, May 27th, 2014If you’re thinking about buying or selling a home in Sherwood Park or the wider Edmonton area in the next 6 months, it’s a good idea to keep an eye on the monthly market stats to see where the trends are.
Sherwood Park Real Estate Market Stats
In April, single family home total sales were up 33.8% from March, and up 12.6% from last April. That’s a great sign that more people are looking at buying Sherwood Park real estate and bringing their families to our great city this summer, which is good news if you’re planning on selling.
Looking at average price, the average selling price of a single family home in Sherwood Park has fallen slightly from last month, down around $6,000, or 1.4% from last month. When we dig deeper into the numbers, what we find is that more people are looking to buy homes at a more modest budget: Starter homes and first time home buyers are extremely active right now. We see this in particular when we look at the condo market where sales are up and the average price has increased by 3.5% over last month.