Tuesday, 18 November 2014

Glenwood Homes for Sale

Glenwood Homes for Sale

Click Glenwood homes for sale for current listings of houses, duplexes and condos for sale in this west central Edmonton neighbourhood. Year to date in 2014, the average sale price for a single family detached home in Glenwood is sitting at $321,622. That is the first time since the boom of 2007 that Glenwood has exceeded $300,000 for an average sale price on an annual basis.  That selling price average is up from last year, in 2013 Glenwood was only selling for $290,155. These average sold price statistics above are based on a single family detached home sale; the other property classes such as duplexes or condominiums are not included in these average selling price values.  In the upper end / luxury price segment of the Glenwood Edmonton real estate market, the highest price that a home sold for so far in 2014 has been $495,000.  That particular home was an bilevel style home that was an infill and was almost 1500 square feet.  Infills are quite popular in the neighbourhood due to Glenwood's larger lots, many of the lots are 50 feet wide in frontage or more.   At the entry level end of the price range in Glenwood, the lowest sale price for a home in 2014 in the neighbourhood sold for $201,000. That sale was basically lot value and it was also a smaller lot with only 40 feet of frontage. The average time it takes to sell a home in Glenwood in 2014 has been 29 days.  That is much quicker than the Edmonton average days on market of 40 days this year.  When you go back to 2005, the real estate property values in the Glenwood neighbourhood have increased by a strong 110%.

Moving over to the condo market in Glenwood, condominiums are selling on average for $264,057 and on average it takes 67 days to sell a condominium in Glenwood this year. There is a pretty broad spread of prices in the condo market in Glenwood, the highest price that a condo has sold for in the neighbourhood this year has been $459,950, and the most affordable condo in the neighbourhood sold for $85,000. The Glenwood condo complexes that have had units sell in them this year include: Colleen Manor, the Courtyard, Glenwood on the Park, Horizon Glenwood, Shannon Manor, and The Vanier.  The Vanier offers senior assisted living as well.  


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