Question 1

What is the median sold price in Woodlea?

Accepted Answer

The median sold price in Woodlea is $405,000 based on 23 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Woodlea?

Accepted Answer

The average sold price in Woodlea is $382,291. Note that the average ($382,291) is lower than the median ($405,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Woodlea?

Accepted Answer

Home prices in Woodlea range from $127,500 to $650,000 based on recent sales data. This $522,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Woodlea selling above or below asking price?

Accepted Answer

On average, homes in Woodlea are selling at 98.6% of their asking price. This means homes are selling very close to asking price with minimal negotiation room. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Woodlea?

Accepted Answer

Homes in Woodlea are selling in an average of 45 days. This indicates a balanced market with moderate competition. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in Woodlea?

Accepted Answer

The average price per square foot in Woodlea is $322. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $644,000.

Question 7

How active is the real estate market in Woodlea?

Accepted Answer

The Woodlea market has seen 23 home sales over the past 2 years, with 2 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

What types of properties are selling in Woodlea?

Accepted Answer

The most common property types selling in Woodlea are: detached single family (17 sold, avg $415,629), lowrise apartment (5 sold, avg $252,400), half duplex (1 sold, avg $465,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in Woodlea?

Accepted Answer

Detached homes in Woodlea are selling for an average of $415,629, with 17 sales over the past 2 years.

Question 10

How much do condos cost in Woodlea?

Accepted Answer

Condos and apartments in Woodlea are selling for an average of $252,400, with 5 sales over the past 2 years. Condos typically offer a more affordable entry point into the Woodlea market.

Question 11

Are home prices rising or falling in Woodlea?

Accepted Answer

Home prices in Woodlea have increased by 6.1% over the past 2 years. The average sold price moved from $364,750 to $387,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 12

Is Woodlea a buyer's or seller's market?

Accepted Answer

Based on current data, Woodlea is a balanced market. Homes are selling in 45 days on average and at 98.6% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 13

What percentage of homes sell above asking price in Woodlea?

Accepted Answer

In Woodlea, 13% of homes sold above asking price, while 70% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 14

What are the average property taxes in Woodlea?

Accepted Answer

The average annual property tax in Woodlea is $3,159, with a median of $3,173. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 15

What size homes are selling in Woodlea?

Accepted Answer

Homes selling in Woodlea range from 682 to 2,067 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 16

How much do home prices vary in Woodlea?

Accepted Answer

Woodlea shows relatively consistent pricing with a standard deviation of $124,956 around the average price of $382,291. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 17

How do I find out how much a house sold for in Woodlea?

Accepted Answer

Simply search our Woodlea sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 18

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Woodlea will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 19

Do you show all MLS® sold listings for Woodlea?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Woodlea. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Houses Sold in Woodlea — What Buyers Paid

Woodlea Sold Data Overview

Recently Sold in Woodlea

Understanding the Woodlea Market

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Woodlea compare to Red Deer?

More neighbourhoods in Red Deer

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