Sherwood Park Acreage Market Report
March 2012
Spring is underway and so is the Sherwood Park acreage market. Although the average sold price for March is slightly less than is was in February, the time it took to sell an acreage or days on market (DOM) dropped quite a bit, down from 70 days to 57 days in March. As we are still recovering from a slow winter, the average sold price is lower than a year ago. We should see more acreages selling in April through June/July with prices expected to rise as demand increases.
March 1, 2012 – March 31, 2012
Average Sold Price: $533,895
Number of Acreages Sold: 19
Range of Prices: $255,000 – $1,000,000
Average Days On Market (DOM) of Sold Units: 57
Average Sale Price per square feet: $308.32
Year To Date Average Sale Price: $567,487
March 2011
Average Sold Price March 2011: $554,840
Number of Acreages Sold March 2011: 25
Average DOM March 2011: 49
As of April 2, 2012
Average List Price (Active Listings): $776,221
Number of Acreages on the Market: 180
For more information on the Sherwood Park acreage market, contact me at:
Ralph Henze
RE/MAX Advantage
Cell: 780-918-7885
Office: 780-464-4100
email: ralphhenze@gmail.com
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