Question 1

What is the median sold price in Lorrelind Estates?

Accepted Answer

The median sold price in Lorrelind Estates is $900,000 based on 5 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 Lorrelind Estates?

Accepted Answer

The average sold price in Lorrelind Estates is $958,000. Note that the average ($958,000) is higher than the median ($900,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Lorrelind Estates?

Accepted Answer

Home prices in Lorrelind Estates range from $790,000 to $1,140,000 based on recent sales data. This $350,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Lorrelind Estates selling above or below asking price?

Accepted Answer

On average, homes in Lorrelind Estates are selling at 100.5% 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 Lorrelind Estates?

Accepted Answer

Homes in Lorrelind Estates are selling in an average of 31 days. This indicates a seller's market with strong demand. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in Lorrelind Estates?

Accepted Answer

The average price per square foot in Lorrelind Estates is $475. 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 $950,000.

Question 7

Are home prices rising or falling in Lorrelind Estates?

Accepted Answer

Home prices in Lorrelind Estates have decreased by 5.7% over the past 2 years. The average sold price moved from $1,140,000 to $1,075,000. This downward trend may present buying opportunities for purchasers.

Question 8

Is Lorrelind Estates a buyer's or seller's market?

Accepted Answer

Based on current data, Lorrelind Estates is a slight seller's market. Homes are selling in 31 days on average and at 100.5% of asking price. Sellers have an advantage, but buyers can still find opportunities with well-crafted offers.

Question 9

What percentage of homes sell above asking price in Lorrelind Estates?

Accepted Answer

In Lorrelind Estates, 40% of homes sold above asking price, while 60% sold below asking. This indicates a competitive market where bidding wars are common.

Question 10

What size homes are selling in Lorrelind Estates?

Accepted Answer

Homes selling in Lorrelind Estates range from 1,828 to 2,150 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 Lorrelind Estates?

Accepted Answer

Lorrelind Estates shows relatively consistent pricing with a standard deviation of $129,406 around the average price of $958,000. 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 Lorrelind Estates?

Accepted Answer

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

Question 14

Do you show all MLS® sold listings for Lorrelind Estates?

Accepted Answer

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

Lorrelind Estates Homes Sold in the Last 30 Days

Lorrelind Estates Sold Data Overview

Recently Sold in Lorrelind Estates

Sold Data & Market Statistics for Lorrelind Estates

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Lorrelind Estates compare to Rural Strathcona County?

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