Sherwood Park Acreage Market Report
October 2012
October 1, 2012 – October 31, 2012
Average Sold Price: $627,250
Number of Acreages Sold: 22
Range of Prices: $240,000 – $1,380,000
Average Days On Market (DOM) of Sold Units: 68
Year To Date Average Sale Price: $586,099
(January 1, 2012 - October 31, 2012)
October 2011
Average Sold Price October 2011: $575,500
Number of Acreages Sold August 2011: 15
Average DOM August 2011: 73
As of November 7, 2012
Average List Price (Active Listings): $785,567
Number of Acreages on the Market: 180
Search the MLS here for acreages available in Sherwood Park
Typical for this time of year, there were fewer acreages sold in Strathcona County and they took a bit longer to sell than in September. Generally, fall/winter sees a drop in acreage sales. It's harder to buy a property when you can't see what it all looks like covered in snow! Although you might expect the average sale price to drop slightly as well, the average sale prices of acreages in the Sherwood Park area actually went up in October. Typically, as we get further into fall, the market should slow down and prices should taper off a bit.
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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