Question 1

What is the median sold price in Pelican Narrows?

Accepted Answer

The median sold price in Pelican Narrows is $580,000 based on 7 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 Pelican Narrows?

Accepted Answer

The average sold price in Pelican Narrows is $538,700. Note that the average ($538,700) is lower than the median ($580,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Pelican Narrows?

Accepted Answer

Home prices in Pelican Narrows range from $90,000 to $940,000 based on recent sales data. This $850,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Pelican Narrows selling above or below asking price?

Accepted Answer

On average, homes in Pelican Narrows are selling at 95.9% 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 Pelican Narrows?

Accepted Answer

Homes in Pelican Narrows are selling in an average of 125 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 Pelican Narrows?

Accepted Answer

The average price per square foot in Pelican Narrows is $380. 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 $760,000.

Question 7

How active is the real estate market in Pelican Narrows?

Accepted Answer

The Pelican Narrows market has seen 7 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

What types of properties are selling in Pelican Narrows?

Accepted Answer

The most common property types selling in Pelican Narrows are: agriculture / farm (5 sold, avg $679,180), vacant lot (2 sold, avg $187,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

Are home prices rising or falling in Pelican Narrows?

Accepted Answer

Home prices in Pelican Narrows have increased by 36.2% over the past 2 years. The average sold price moved from $690,000 to $940,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 10

Is Pelican Narrows a buyer's or seller's market?

Accepted Answer

Based on current data, Pelican Narrows is a buyer's market. Homes are selling in 125 days on average and at 95.9% 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 Pelican Narrows?

Accepted Answer

In Pelican Narrows, 0% of homes sold above asking price, while 86% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 12

What size homes are selling in Pelican Narrows?

Accepted Answer

Homes selling in Pelican Narrows range from 1,587 to 1,996 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 Pelican Narrows?

Accepted Answer

Pelican Narrows shows moderate price diversity with a standard deviation of $274,243 around the average price of $538,700. This wide range indicates a diverse market with options at many price points.

Question 14

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

Accepted Answer

Simply search our Pelican Narrows 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 Pelican Narrows will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 16

Do you show all MLS® sold listings for Pelican Narrows?

Accepted Answer

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

Pelican Narrows Sold Data Overview

Recently Sold in Pelican Narrows

Understanding the Pelican Narrows Market

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Pelican Narrows compare to Rural Bonnyville M.D.?

More neighbourhoods in Rural Bonnyville M.D.

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