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Sherwood Park Single Family Home Market Report- December 2011

 
 Summary of Sales Activity for Single Family Homes in Sherwood Park
December 2011
December 1, 2011 - December 31, 2011
 
Average Sold Price: $380,261
Number of Single Family Homes Sold: 42
Range of Prices: $275,000 - $695,000
Average Days On Market (DOM) of Sold Units: 60
YTD Average Sold Price: $411,595
     (January 1, 2011 - December 31, 2011)
 
As of January 14, 2012
Average List Price (Active Listings): $478,462
Number of Single Family Homes on the Market:184 
 
 Year to Date (YTD) Summary:
Average Sales Price
Single Family Homes - Sherwood Park


 Prices this year increased from January through to July and then started to move up and down a bit. In December though, they had fallen to a point lower than December 2010.  Activity was good for December, with 42 single family homes sold.  
What will 2012 bring? Many are optimistic.    I do believe we have bottomed out.  With interest rates low, I expect prices to slowly increase maybe 3-5%, but by how much exactly, no one is too sure.
 
 

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