Market Update for Condominiums in Sherwood Park for the first 6 months of 2011

By
Real Estate Agent with Professional Realty Group

During the first 6 months of 2011 there were 112 condo sales with a total of 231 condos on the market in Sherwood Park, Alberta. Currently there are only 74 active condo listings therefore this mean that there were an additional 45 condo listings that were on the market that didn’t sell during the first six months of 2011. The Average condo listed was 2 bedroom, 1 bath condo that was about 1,178 sq. ft. The average list price was $307,233 with a per square foot average list price of $256.76. The average sale price for a condo in Sherwood Park during this period was $296,365 with an per square foot average sale price of $256.76. The average sale price to list price was 97% and the average days on market was 53.

 

The least expensive condo that is currently listed for sale (1 Bedroom / 1 Bath / 613 square foot condo in Woodbridge Farms, Wood Bridge Manor) is listed for $147,500 and the most expensive condo (2+1 Bedroom / 3 Bath / 1,380 square foot Condo in The Ridge, Silver Oaks II) is listed for $534,333.

 

The least expensive condo that sold last during the first 6 months of 2011 in Sherwood Park (3 Bedroom / 3 Bath / 1,054 square foot in Woodbridge Farms, Wood Bridge Manor) was listed for $157,700 and the most expensive condo that sold during this time in Sherwood Park (1+2 Bedroom / 3 Bath / 1,379 square foot in The Ridge, Silver Oaks II) was listed for $559,900.

 

With 112 sold condos in the first 6 months of 2011, an average of 18.67 condos sold each month, and with 74 condo listings currently available in Sherwood Park, Alberta , we would have enough homes on the market for a absorption rate of 3.96 months. This means that if not another home comes on market (which isn’t very likely) in Sherwood Park, Alberta, there is almost a 4 month supply of condos on the market. This is a little on the high side considering the condo market typically sees a slow down as we getting deeper into the year.

 

If you have a condo in Sherwood Park, Alberta and would like a free market analysis to see what you home is worth, call me now and we can arrange a meeting. If you would like to know what other homes have sold for in your complex, contact me, and I will send this too you free, every time a new condo sells in your building.

 

I specialize in selling condos in Sherwood Park Alberta and I would enjoying meeting you to speak about the current condo market. I look forward to hearing from you.

 

Click HERE to view more information on Sherwood park condos.

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Your Realtor

Jason Beattie, Realtor

Professional Realty Group

www.BTGroup.ca

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