Question 1

What is the median sold price in Emerald Lake Estates?

Accepted Answer

The median sold price in Emerald Lake Estates is $487,500 based on 6 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 Emerald Lake Estates?

Accepted Answer

The average sold price in Emerald Lake Estates is $442,917. Note that the average ($442,917) is lower than the median ($487,500), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Emerald Lake Estates?

Accepted Answer

Home prices in Emerald Lake Estates range from $165,000 to $567,500 based on recent sales data. This $402,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Emerald Lake Estates selling above or below asking price?

Accepted Answer

On average, homes in Emerald Lake Estates are selling at 97.9% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Emerald Lake Estates?

Accepted Answer

Homes in Emerald Lake Estates are selling in an average of 161 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Emerald Lake Estates?

Accepted Answer

The average price per square foot in Emerald Lake Estates is $314. 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 $628,000.

Question 7

How active is the real estate market in Emerald Lake Estates?

Accepted Answer

The Emerald Lake Estates market has seen 6 home sales over the past 2 years, with 1 properties currently for sale. The market shows balanced conditions between buyers and sellers.

Question 8

What types of properties are selling in Emerald Lake Estates?

Accepted Answer

The most common property types selling in Emerald Lake Estates are: agriculture / farm (5 sold, avg $498,500), vacant lot (1 sold, avg $165,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

Are home prices rising or falling in Emerald Lake Estates?

Accepted Answer

Home prices in Emerald Lake Estates have decreased by 58.8% over the past 2 years. The average sold price moved from $400,000 to $165,000. This downward trend may present buying opportunities for purchasers.

Question 10

Is Emerald Lake Estates a buyer's or seller's market?

Accepted Answer

Based on current data, Emerald Lake Estates is a buyer's market. Homes are selling in 161 days on average and at 97.9% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Emerald Lake Estates?

Accepted Answer

In Emerald Lake Estates, 17% of homes sold above asking price, while 83% sold below asking. A moderate number of homes attract multiple offers.

Question 12

What size homes are selling in Emerald Lake Estates?

Accepted Answer

Homes selling in Emerald Lake Estates range from 1,466 to 1,689 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Emerald Lake Estates?

Accepted Answer

Emerald Lake Estates shows relatively consistent pricing with a standard deviation of $138,778 around the average price of $442,917. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 14

How do I find out how much a house sold for in Emerald Lake Estates?

Accepted Answer

Simply search our Emerald Lake Estates 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 15

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 Emerald Lake Estates will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 16

Do you show all MLS® sold listings for Emerald Lake Estates?

Accepted Answer

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

Recently Sold Homes in Emerald Lake Estates, Rural Bonnyville M.D.

Emerald Lake Estates Sold Data Overview

Recently Sold in Emerald Lake Estates

Emerald Lake Estates Price Trends & Sale Statistics

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2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Emerald Lake Estates compare to Rural Bonnyville M.D.?

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