Question 1

What is the median sold price in Broadmoor?

Accepted Answer

The median sold price in Broadmoor is $477,000 based on 19 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 Broadmoor?

Accepted Answer

The average sold price in Broadmoor is $476,485. Note that the average ($476,485) is lower than the median ($477,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Broadmoor?

Accepted Answer

Home prices in Broadmoor range from $231,000 to $900,000 based on recent sales data. This $669,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Broadmoor selling above or below asking price?

Accepted Answer

On average, homes in Broadmoor 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 Broadmoor?

Accepted Answer

Homes in Broadmoor are selling in an average of 26 days. This indicates a seller's market with strong demand. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Broadmoor?

Accepted Answer

The average price per square foot in Broadmoor is $345. 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 $690,000.

Question 7

How active is the real estate market in Broadmoor?

Accepted Answer

The Broadmoor market has seen 19 home sales over the past 2 years, with 4 properties currently for sale. The market shows balanced conditions between buyers and sellers.

Question 8

What types of properties are selling in Broadmoor?

Accepted Answer

The most common property types selling in Broadmoor are: detached single family (17 sold, avg $504,247), condo (rae) (2 sold, avg $240,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in Broadmoor?

Accepted Answer

Detached homes in Broadmoor are selling for an average of $504,247, with 17 sales over the past 2 years.

Question 10

How much do condos cost in Broadmoor?

Accepted Answer

Condos and apartments in Broadmoor are selling for an average of $240,500, with 2 sales over the past 2 years. Condos typically offer a more affordable entry point into the Broadmoor market.

Question 11

Are home prices rising or falling in Broadmoor?

Accepted Answer

Home prices in Broadmoor have decreased by 55.0% over the past 2 years. The average sold price moved from $744,500 to $335,354. This downward trend may present buying opportunities for purchasers.

Question 12

Is Broadmoor a buyer's or seller's market?

Accepted Answer

Based on current data, Broadmoor is a seller's market. Homes are selling in 26 days on average and at 100.5% of asking price. Sellers can price confidently, while buyers should be prepared to act quickly and consider offering at or above asking price.

Question 13

What percentage of homes sell above asking price in Broadmoor?

Accepted Answer

In Broadmoor, 32% of homes sold above asking price, while 58% sold below asking. This indicates a competitive market where bidding wars are common.

Question 14

What size homes are selling in Broadmoor?

Accepted Answer

Homes selling in Broadmoor range from 926 to 2,988 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 15

How much do home prices vary in Broadmoor?

Accepted Answer

Broadmoor shows relatively consistent pricing with a standard deviation of $165,774 around the average price of $476,485. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 16

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

Accepted Answer

Simply search our Broadmoor 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 17

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

Question 18

Do you show all MLS® sold listings for Broadmoor?

Accepted Answer

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

Broadmoor Homes Sold in the Last 30 Days

Broadmoor Sold Data Overview

Recently Sold in Broadmoor

Sold Data & Market Statistics for Broadmoor

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Broadmoor compare to Sherwood Park?

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