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Market Report for Sherwood Park Single Family Homes - October 2011

Summary of Sales Activity for Single Family Homes in Sherwood Park
October 2011
October 1, 2011 - October 31, 2011
 
Average Sold Price: $378,784
Number of Single Family Homes Sold: 64
Range of Prices: $226,500 - $735,000
Average Days On Market (DOM) of Sold Units: 45
YTD Average Sold Price: $411,668
     (January 1, 2011 - October 31, 2011)
 
As of November 22, 2011
Average List Price (Active Listings): $470,620
Number of Single Family Homes on the Market: 241
 
 Year to Date (YTD) Summary:

 
Most realtors report that activity is quite light, buyers are more scarce and prices have gone down over the last few months.  Homes under $400,000 are selling quite well, as they seem to always do.  Above $400,000 is slower but that also reflects the season, as more of the larger family homes sell in the spring than in the fall. This also changes the numbers a bit.  All that being said, if you are in the market, the prices are great, rates are low and there is some good inventory to choose from, so yes it is a good time to buy!
 
   

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