Question 1

What is the median sold price in Ethel Lake?

Accepted Answer

The median sold price in Ethel Lake is $625,000 based on 3 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 Ethel Lake?

Accepted Answer

The average sold price in Ethel Lake is $595,000. Note that the average ($595,000) is lower than the median ($625,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Ethel Lake?

Accepted Answer

Home prices in Ethel Lake range from $330,000 to $830,000 based on recent sales data. This $500,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Ethel Lake selling above or below asking price?

Accepted Answer

On average, homes in Ethel Lake are selling at 99.0% 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 Ethel Lake?

Accepted Answer

Homes in Ethel Lake are selling in an average of 119 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 Ethel Lake?

Accepted Answer

The average price per square foot in Ethel Lake is $432. 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 $864,000.

Question 7

Are home prices rising or falling in Ethel Lake?

Accepted Answer

Home prices in Ethel Lake have decreased by 47.2% over the past 2 years. The average sold price moved from $625,000 to $330,000. This downward trend may present buying opportunities for purchasers.

Question 8

Is Ethel Lake a buyer's or seller's market?

Accepted Answer

Based on current data, Ethel Lake is a buyer's market. Homes are selling in 119 days on average and at 99.0% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 9

What percentage of homes sell above asking price in Ethel Lake?

Accepted Answer

In Ethel Lake, 0% of homes sold above asking price, while 67% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 10

What size homes are selling in Ethel Lake?

Accepted Answer

Homes selling in Ethel Lake range from 1,202 to 1,649 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 11

How much do home prices vary in Ethel Lake?

Accepted Answer

Ethel Lake shows relatively consistent pricing with a standard deviation of $205,223 around the average price of $595,000. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 12

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

Accepted Answer

Simply search our Ethel Lake 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 13

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

Question 14

Do you show all MLS® sold listings for Ethel Lake?

Accepted Answer

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

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Sold Data & Market Statistics for Ethel Lake

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2-Year Market Trends: All Property Types

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