Question 1

What is the median sold price in Downtown East?

Accepted Answer

The median sold price in Downtown East is $236,000 based on 34 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 Downtown East?

Accepted Answer

The average sold price in Downtown East is $209,022. Note that the average ($209,022) is lower than the median ($236,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Downtown East?

Accepted Answer

Home prices in Downtown East range from $32,000 to $432,500 based on recent sales data. This $400,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Downtown East selling above or below asking price?

Accepted Answer

On average, homes in Downtown East are selling at 96.9% 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 Downtown East?

Accepted Answer

Homes in Downtown East are selling in an average of 29 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 Downtown East?

Accepted Answer

The average price per square foot in Downtown East is $204. 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 $408,000.

Question 7

How active is the real estate market in Downtown East?

Accepted Answer

The Downtown East market has seen 34 home sales over the past 2 years, with 2 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

What types of properties are selling in Downtown East?

Accepted Answer

The most common property types selling in Downtown East are: detached single family (24 sold, avg $223,010), lowrise apartment (4 sold, avg $111,625), townhouse (3 sold, avg $303,667). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in Downtown East?

Accepted Answer

Detached homes in Downtown East are selling for an average of $223,010, with 24 sales over the past 2 years.

Question 10

How much do condos cost in Downtown East?

Accepted Answer

Condos and apartments in Downtown East are selling for an average of $111,625, with 4 sales over the past 2 years. Condos typically offer a more affordable entry point into the Downtown East market.

Question 11

How much do townhouses cost in Downtown East?

Accepted Answer

Townhouses in Downtown East are selling for an average of $303,667, with 3 sales over the past 2 years. Townhouses often provide a middle ground between condo living and detached home ownership.

Question 12

Are home prices rising or falling in Downtown East?

Accepted Answer

Home prices in Downtown East have increased by 161.5% over the past 2 years. The average sold price moved from $97,500 to $255,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 13

Is Downtown East a buyer's or seller's market?

Accepted Answer

Based on current data, Downtown East is a balanced market. Homes are selling in 29 days on average and at 96.9% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 14

What percentage of homes sell above asking price in Downtown East?

Accepted Answer

In Downtown East, 6% of homes sold above asking price, while 85% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 15

What are the average property taxes in Downtown East?

Accepted Answer

The average annual property tax in Downtown East is $1,806, with a median of $1,745. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 16

What size homes are selling in Downtown East?

Accepted Answer

Homes selling in Downtown East range from 720 to 2,801 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 17

How much do home prices vary in Downtown East?

Accepted Answer

Downtown East shows moderate price diversity with a standard deviation of $96,651 around the average price of $209,022. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 18

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

Accepted Answer

Simply search our Downtown East 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 19

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

Question 20

Do you show all MLS® sold listings for Downtown East?

Accepted Answer

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

Downtown East Sold Prices & Sale History

Downtown East Sold Data Overview

Recently Sold in Downtown East

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Downtown East Price Trends & Sale Statistics

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2-Year Market Trends: All Property Types

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