Friday, 16 January 2015

Minchau Homes for Sale

Minchau Homes for Sale

Click on Minchau homes for sale for active MLS® listings of houses, duplexes, townhomes and condos for sale in this  Mill Woods Edmonton neighbourhood.  Last year, the average selling price for a home in Minchau finished the year at $359,804.  That selling price is up from the average selling price in Minchau in 2013, at that time Minchau was selling on average for $337,474.  That translates into a year over year increase in Minchau of 6.2%. That yearly increase outperformed the Edmonton average selling price increase which was 5.8% year over year.  These average selling price values 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.  Looking at the statistics closer in the upper end price market segment of Minchau Edmonton, the highest price that a home sold for in 2014 was $580,000.  That home sale was roughly 2600 square feet and it was situated across from a ravine.  The home also had a basement suite.   At the other end of the price range, in the entry level market for Minchau, the most affordable priced home sale in the neighbourhood sold for $242,000.  This starter home was roughly 600 square feet and it did not have a garage.  On average it took 35 days to sell a home in Minchau in 2014. This is a about a week faster than the Edmonton average days on market of 41 days in last year. Going back to 2005, Minchau real estate values have increased by 97%.   The average selling price for the entire Mill Woods neighbourhood in 2014 was $356,586 with an average time to sell a home in Mill Woods of 32 days.

In the duplex market in Minchau, the average sale price for a duplex in 2014 was $262,600.  On average, it took 65 days to sell a home in Minchau.   The highest price a duplex sold for in Minchau was $270,000 last year.


Lastly, in the Minchau condo market, the average selling price in 2014 was $201,480 with an average time to sell a condo of 36 days in Minchau last year.  The condo complexes that have had units sell in them last year in Minchau were: Juniper Apartments, Sandringham and Spruce Ridge
 
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