Question 1

What is the median sold price in South Business Park?

Accepted Answer

The median sold price in South Business Park is $164,500 based on 52 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 South Business Park?

Accepted Answer

The average sold price in South Business Park is $165,674. Note that the average ($165,674) is higher than the median ($164,500), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in South Business Park?

Accepted Answer

Home prices in South Business Park range from $128,000 to $307,500 based on recent sales data. This $179,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in South Business Park selling above or below asking price?

Accepted Answer

On average, homes in South Business Park are selling at 97.5% 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 South Business Park?

Accepted Answer

Homes in South Business Park are selling in an average of 37 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 South Business Park?

Accepted Answer

The average price per square foot in South Business Park is $209. 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 $418,000.

Question 7

How active is the real estate market in South Business Park?

Accepted Answer

The South Business Park market has seen 52 home sales over the past 2 years, with 1 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

How much do condos cost in South Business Park?

Accepted Answer

Condos and apartments in South Business Park are selling for an average of $165,674, with 52 sales over the past 2 years. Condos typically offer a more affordable entry point into the South Business Park market.

Question 9

Are home prices rising or falling in South Business Park?

Accepted Answer

Home prices in South Business Park have decreased by 0.4% over the past 2 years. The average sold price moved from $168,950 to $168,250. The relatively stable prices suggest a balanced market.

Question 10

Is South Business Park a buyer's or seller's market?

Accepted Answer

Based on current data, South Business Park is a slight seller's market. Homes are selling in 37 days on average and at 97.5% of asking price. Sellers have an advantage, but buyers can still find opportunities with well-crafted offers.

Question 11

What percentage of homes sell above asking price in South Business Park?

Accepted Answer

In South Business Park, 13% of homes sold above asking price, while 81% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 12

What size homes are selling in South Business Park?

Accepted Answer

Homes selling in South Business Park range from 572 to 1,165 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in South Business Park?

Accepted Answer

South Business Park shows relatively consistent pricing with a standard deviation of $31,039 around the average price of $165,674. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 14

How do I find out how much a house sold for in South Business Park?

Accepted Answer

Simply search our South Business Park 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 15

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

Question 16

Do you show all MLS® sold listings for South Business Park?

Accepted Answer

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

Recently Sold Homes in South Business Park, Stony Plain

South Business Park Sold Data Overview

Recently Sold in South Business Park

Curious what your home is worth in South Business Park?

Understanding the South Business Park Market

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Condo carrying costsn=52 condo sales (last 2y)

How does South Business Park compare to Stony Plain?

More neighbourhoods in Stony Plain

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