Question 1

What is the median sold price in Ferrier Acres?

Accepted Answer

The median sold price in Ferrier Acres is $574,000 based on 4 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 Ferrier Acres?

Accepted Answer

The average sold price in Ferrier Acres is $597,750. Note that the average ($597,750) is higher than the median ($574,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Ferrier Acres?

Accepted Answer

Home prices in Ferrier Acres range from $503,000 to $740,000 based on recent sales data. This $237,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Ferrier Acres selling above or below asking price?

Accepted Answer

On average, homes in Ferrier Acres are selling at 97.9% 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 Ferrier Acres?

Accepted Answer

Homes in Ferrier Acres are selling in an average of 38 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 Ferrier Acres?

Accepted Answer

The average price per square foot in Ferrier Acres is $328. 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 $656,000.

Question 7

How active is the real estate market in Ferrier Acres?

Accepted Answer

The Ferrier Acres market has seen 4 home sales over the past 2 years, with 2 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How much do detached homes cost in Ferrier Acres?

Accepted Answer

Detached homes in Ferrier Acres are selling for an average of $597,750, with 4 sales over the past 2 years.

Question 9

Are home prices rising or falling in Ferrier Acres?

Accepted Answer

Home prices in Ferrier Acres have increased by 20.7% over the past 2 years. The average sold price moved from $613,000 to $740,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 10

Is Ferrier Acres a buyer's or seller's market?

Accepted Answer

Based on current data, Ferrier Acres is a slight seller's market. Homes are selling in 38 days on average and at 97.9% 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 Ferrier Acres?

Accepted Answer

In Ferrier Acres, 25% of homes sold above asking price, while 75% sold below asking. A moderate number of homes attract multiple offers.

Question 12

What are the average property taxes in Ferrier Acres?

Accepted Answer

The average annual property tax in Ferrier Acres is $2,673, with a median of $2,638. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 13

What size homes are selling in Ferrier Acres?

Accepted Answer

Homes selling in Ferrier Acres range from 1,517 to 2,158 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 14

How much do home prices vary in Ferrier Acres?

Accepted Answer

Ferrier Acres shows relatively consistent pricing with a standard deviation of $91,355 around the average price of $597,750. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 15

How do I find out how much a house sold for in Ferrier Acres?

Accepted Answer

Simply search our Ferrier Acres 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 16

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 Ferrier Acres will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 17

Do you show all MLS® sold listings for Ferrier Acres?

Accepted Answer

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

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