Question 1

What is the median sold price in Lakewood Estate?

Accepted Answer

The median sold price in Lakewood Estate is $480,000 based on 9 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 Lakewood Estate?

Accepted Answer

The average sold price in Lakewood Estate is $488,433. Note that the average ($488,433) is higher than the median ($480,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Lakewood Estate?

Accepted Answer

Home prices in Lakewood Estate range from $190,000 to $765,000 based on recent sales data. This $575,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Lakewood Estate selling above or below asking price?

Accepted Answer

On average, homes in Lakewood Estate are selling at 97.2% 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 Lakewood Estate?

Accepted Answer

Homes in Lakewood Estate are selling in an average of 63 days. This indicates a buyer's market with more negotiating power for purchasers. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Lakewood Estate?

Accepted Answer

The average price per square foot in Lakewood Estate is $317. 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 $634,000.

Question 7

How active is the real estate market in Lakewood Estate?

Accepted Answer

The Lakewood Estate market has seen 9 home sales over the past 2 years, with 1 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

What types of properties are selling in Lakewood Estate?

Accepted Answer

The most common property types selling in Lakewood Estate are: agriculture / farm (8 sold, avg $525,738), vacant lot (1 sold, avg $190,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

Are home prices rising or falling in Lakewood Estate?

Accepted Answer

Home prices in Lakewood Estate have decreased by 4.9% over the past 2 years. The average sold price moved from $410,000 to $390,000. The relatively stable prices suggest a balanced market.

Question 10

Is Lakewood Estate a buyer's or seller's market?

Accepted Answer

Based on current data, Lakewood Estate is a buyer's market. Homes are selling in 63 days on average and at 97.2% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Lakewood Estate?

Accepted Answer

In Lakewood Estate, 22% of homes sold above asking price, while 67% sold below asking. A moderate number of homes attract multiple offers.

Question 12

What size homes are selling in Lakewood Estate?

Accepted Answer

Homes selling in Lakewood Estate range from 1,242 to 2,410 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Lakewood Estate?

Accepted Answer

Lakewood Estate shows relatively consistent pricing with a standard deviation of $168,946 around the average price of $488,433. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 14

How do I find out how much a house sold for in Lakewood Estate?

Accepted Answer

Simply search our Lakewood Estate 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 15

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

Question 16

Do you show all MLS® sold listings for Lakewood Estate?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Lakewood Estate. 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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Lakewood Estate Sold Data Overview

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2-Year Market Trends: All Property Types

Negotiation & Cost Insights

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