Question 1

What is the median sold price in Lakewood Acres?

Accepted Answer

The median sold price in Lakewood Acres is $605,000 based on 8 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 Lakewood Acres?

Accepted Answer

The average sold price in Lakewood Acres is $582,213. Note that the average ($582,213) is lower than the median ($605,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Lakewood Acres?

Accepted Answer

Home prices in Lakewood Acres range from $177,000 to $1,099,000 based on recent sales data. This $922,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Lakewood Acres selling above or below asking price?

Accepted Answer

On average, homes in Lakewood Acres are selling at 100.2% 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 Lakewood Acres?

Accepted Answer

Homes in Lakewood Acres are selling in an average of 67 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 Lakewood Acres?

Accepted Answer

The average price per square foot in Lakewood Acres is $476. 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 $952,000.

Question 7

What types of properties are selling in Lakewood Acres?

Accepted Answer

The most common property types selling in Lakewood Acres are: agriculture / farm (6 sold, avg $713,451), vacant lot (2 sold, avg $188,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 8

Are home prices rising or falling in Lakewood Acres?

Accepted Answer

Home prices in Lakewood Acres have increased by 197.3% over the past 2 years. The average sold price moved from $369,707 to $1,099,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 9

Is Lakewood Acres a buyer's or seller's market?

Accepted Answer

Based on current data, Lakewood Acres is a buyer's market. Homes are selling in 67 days on average and at 100.2% 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 Lakewood Acres?

Accepted Answer

In Lakewood Acres, 25% of homes sold above asking price, while 25% sold below asking. A moderate number of homes attract multiple offers.

Question 11

What size homes are selling in Lakewood Acres?

Accepted Answer

Homes selling in Lakewood Acres range from 1,229 to 1,660 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 Lakewood Acres?

Accepted Answer

Lakewood Acres shows moderate price diversity with a standard deviation of $305,665 around the average price of $582,213. This wide range indicates a diverse market with options at many price points.

Question 13

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

Accepted Answer

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

Question 15

Do you show all MLS® sold listings for Lakewood Acres?

Accepted Answer

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

Lakewood Acres Sold Prices & Sale History

Lakewood Acres Sold Data Overview

Recently Sold in Lakewood Acres

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What's Happening in Lakewood Acres Real Estate

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2-Year Market Trends: All Property Types

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How does Lakewood Acres compare to Rural Strathcona County?

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