Second Quarter 2021 Real Estate Stats (Leduc)
This year continues to be one breaking record sales for our community and beyond. For the first time in six years the quarterly average residential sale price for detached homes broke $400,000 in Leduc. Second quarter sales increased by 211.4% with a total of 279 dwellings sold in compared to 132 sales during the same period in 2020. (Note 279 total sales reflects all local residential dwellings, therefore will be slightly different than totals listed in chart below.) Overall 2021 has been an unprecedented year in the real estate due to the dynamic needs of homeowners changing and the affordability of home ownership improving despite increased pricing. Our sincerest gratitude goes out to all home buyers, sellers and fellow Realtors who’ve worked diligently together this year in our community!
From April 1st – June 30th, 2021 Leduc had 196 detached houses sell compared to 101 in 2020, representing a staggering 194% increase in second quarter sales. The average selling time was only 29 days on market (2021) compared to 58 in the second quarter of 2020. The average price increased from $362,260 (2020) to $401,723 (2021), resulting in a 10.89% increase.
Half duplexes and attached residential dwellings had a combined 51 sales (2021) compared to 19 sales in 2020. They sold 60 days faster, averaging 33 days on market (2021) verses 93 days in 2020. The average sale price increased 17.62% from $283,265 (2020) to $333,177 (2021). While this increase is quite substantial, it’s important to recognize that there was an increased number of larger half duplexes sell with double garages which helped to drive the average sale price up.
Twenty-eight condos sold last quarter with an average selling time of 49 days on market, compared to 12 condos sold during the same period in 2020, averaging 76 days on market. Sales prices increased 1.85% for condos, averaging $236,289 (2021) compared to $231,991 (2020).
If you’re like many who’ve noticed all of the sold signs in your area and area wondering if now could be a good time to move, feel free to contact us today. We’d be happy to meet with you, get a better understanding of your goals and give you our honest feedback about what options are right for you.
Jason Rustand with RE/MAX Real Estate serves with the highest level of integrity and excellence every time. For more info on this topic or others related to real estate contact LIKE our Jason Rustand Team Facebook page, call Jason direct at 780.919-0004, email firstname.lastname@example.org or visit WeSellLeduc.com