Question 1

What is the median sold price in Fairway Estates_MBON?

Accepted Answer

The median sold price in Fairway Estates_MBON is $617,950 based on 4 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 Fairway Estates_MBON?

Accepted Answer

The average sold price in Fairway Estates_MBON is $648,725. Note that the average ($648,725) is higher than the median ($617,950), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Fairway Estates_MBON?

Accepted Answer

Home prices in Fairway Estates_MBON range from $583,000 to $776,000 based on recent sales data. This $193,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Fairway Estates_MBON selling above or below asking price?

Accepted Answer

On average, homes in Fairway Estates_MBON are selling at 101.9% of their asking price. This means homes are selling at or above asking price. Buyers should be prepared for competitive offers.

Question 5

How long do homes take to sell in Fairway Estates_MBON?

Accepted Answer

Homes in Fairway Estates_MBON are selling in an average of 89 days. This indicates a buyer's market with more negotiating power for purchasers. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Fairway Estates_MBON?

Accepted Answer

The average price per square foot in Fairway Estates_MBON is $342. 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 $684,000.

Question 7

How active is the real estate market in Fairway Estates_MBON?

Accepted Answer

The Fairway Estates_MBON market has seen 4 home sales over the past 2 years, with 2 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

Are home prices rising or falling in Fairway Estates_MBON?

Accepted Answer

Home prices in Fairway Estates_MBON have increased by 33.1% over the past 2 years. The average sold price moved from $583,000 to $776,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 9

Is Fairway Estates_MBON a buyer's or seller's market?

Accepted Answer

Based on current data, Fairway Estates_MBON is a buyer's market. Homes are selling in 89 days on average and at 101.9% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 10

What percentage of homes sell above asking price in Fairway Estates_MBON?

Accepted Answer

In Fairway Estates_MBON, 25% of homes sold above asking price, while 50% sold below asking. A moderate number of homes attract multiple offers.

Question 11

What size homes are selling in Fairway Estates_MBON?

Accepted Answer

Homes selling in Fairway Estates_MBON range from 1,543 to 3,600 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 12

How much do home prices vary in Fairway Estates_MBON?

Accepted Answer

Fairway Estates_MBON shows relatively consistent pricing with a standard deviation of $76,045 around the average price of $648,725. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 13

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

Accepted Answer

Simply search our Fairway Estates_MBON 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 14

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

Question 15

Do you show all MLS® sold listings for Fairway Estates_MBON?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Fairway Estates_MBON. 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 Fairway Estates_MBON, Rural Bonnyville M.D.

Fairway Estates_MBON Sold Data Overview

Recently Sold in Fairway Estates_MBON

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Understanding the Fairway Estates_MBON Market

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2-Year Market Trends: All Property Types

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