Question 1

What is the median sold price in Broadmoor?

Accepted Answer

The median sold price in Broadmoor is $450,000 based on 21 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 $453,257. Note that the average ($453,257) is higher than the median ($450,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Broadmoor?

Accepted Answer

Home prices in Broadmoor range from $219,700 to $900,000 based on recent sales data. This $680,300 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 100.6% 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 51 days. This indicates a balanced market with moderate competition. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in Broadmoor?

Accepted Answer

The average price per square foot in Broadmoor is $351. 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 $702,000.

Question 7

What types of properties are selling in Broadmoor?

Accepted Answer

The most common property types selling in Broadmoor are: detached single family (18 sold, avg $489,873), condo (rae) (3 sold, avg $233,567). Each property type has different price points and characteristics to consider when buying or selling.

Question 8

How much do detached homes cost in Broadmoor?

Accepted Answer

Detached homes in Broadmoor are selling for an average of $489,873, with 18 sales over the past 2 years.

Question 9

How much do condos cost in Broadmoor?

Accepted Answer

Condos and apartments in Broadmoor are selling for an average of $233,567, with 3 sales over the past 2 years. Condos typically offer a more affordable entry point into the Broadmoor market.

Question 10

Are home prices rising or falling in Broadmoor?

Accepted Answer

Home prices in Broadmoor have increased by 7.3% over the past 2 years. The average sold price moved from $354,000 to $379,850. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 11

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

Accepted Answer

Based on current data, Broadmoor is a balanced market. Homes are selling in 51 days on average and at 100.6% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 12

What percentage of homes sell above asking price in Broadmoor?

Accepted Answer

In Broadmoor, 33% of homes sold above asking price, while 57% sold below asking. This indicates a competitive market where bidding wars are common.

Question 13

What size homes are selling in Broadmoor?

Accepted Answer

Homes selling in Broadmoor range from 926 to 2,433 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 14

How much do home prices vary in Broadmoor?

Accepted Answer

Broadmoor shows relatively consistent pricing with a standard deviation of $155,785 around the average price of $453,257. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 15

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 16

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 17

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

Curious what your home is worth in Broadmoor?

Sold Data & Market Statistics for Broadmoor

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2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Broadmoor compare to Sherwood Park?

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