Realty Executives Outlook, read all our latest news and blogs on the Outlook and Lake Diefenbaker Real Estate Market here! Blog posts by Michelle Nadeau real estate agent and REALTOR®

2017 YEAR TOTAL Outlook Residential Market Update

Here is a comprehensive breakdown of your year in Real Estate for the Outlook Residential Market

29 Sold Properties - list prices: $65,000 - $439,900
36 New Listings (has not been previously listed in the past year): $35,000 - $439,900


Sales grossed a combined total this past year in real estate for outlook $6,292,787.00 which includes vacant lots and condos.


Average sale price was $215,440.93


Average list price from these sales were $225,006.90


= $9,565.97 price difference (On average in 2017 a seller accepts approximately %4.3 lower than his asking price or accepts %95.7 of his asking price)


When comparing our data from last year the number of sales were on par showing our market held strong. Due to more new listings on the market shows that with the same amount of sales there are more houses spending longer on the market.  Our average sale price increased by $17,447.18 which shows a very large jump in what the consumer is willing to pay for a home.  Our average list price increased by $10,963.15 showing the market recognized the increase without overestimating and negotiated less off of their asking price. 


Digging a bit deeper compared with 2016 there was a total of 30 listings on the market during the month of April at our peak of available properties.  2017 peaked at May with a mere 17 listings showing that although 2017 saw more new listings there was a large lack of supply in the market at any given time and most importantly during our prime selling season which could have driven market prices up for 2017. 


This data and information is gathered by Michelle Nadeau using MLS® and only includes properties listed on MLS®. The information is not guaranteed to be correct. 

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Realty Executives Outlook, read all our latest news and blogs on the Outlook and Lake Diefenbaker Real Estate Market here! Blog posts by Michelle Nadeau real estate agent and REALTOR®