Question 1

What is the median sold price in Sherwood Place Phase II?

Accepted Answer

The median sold price in Sherwood Place Phase II is $900,000 based on 3 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 Sherwood Place Phase II?

Accepted Answer

The average sold price in Sherwood Place Phase II is $971,667. Note that the average ($971,667) is higher than the median ($900,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Sherwood Place Phase II?

Accepted Answer

Home prices in Sherwood Place Phase II range from $865,000 to $1,150,000 based on recent sales data. This $285,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Sherwood Place Phase II selling above or below asking price?

Accepted Answer

On average, homes in Sherwood Place Phase II are selling at 97.3% 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 Sherwood Place Phase II?

Accepted Answer

Homes in Sherwood Place Phase II are selling in an average of 85 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 Sherwood Place Phase II?

Accepted Answer

The average price per square foot in Sherwood Place Phase II is $486. 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 $972,000.

Question 7

Are home prices rising or falling in Sherwood Place Phase II?

Accepted Answer

Home prices in Sherwood Place Phase II have decreased by 21.7% over the past 2 years. The average sold price moved from $1,150,000 to $900,000. This downward trend may present buying opportunities for purchasers.

Question 8

Is Sherwood Place Phase II a buyer's or seller's market?

Accepted Answer

Based on current data, Sherwood Place Phase II is a buyer's market. Homes are selling in 85 days on average and at 97.3% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 9

What percentage of homes sell above asking price in Sherwood Place Phase II?

Accepted Answer

In Sherwood Place Phase II, 33% of homes sold above asking price, while 67% sold below asking. This indicates a competitive market where bidding wars are common.

Question 10

What size homes are selling in Sherwood Place Phase II?

Accepted Answer

Homes selling in Sherwood Place Phase II range from 1,425 to 2,497 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 11

How much do home prices vary in Sherwood Place Phase II?

Accepted Answer

Sherwood Place Phase II shows relatively consistent pricing with a standard deviation of $126,908 around the average price of $971,667. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 12

How do I find out how much a house sold for in Sherwood Place Phase II?

Accepted Answer

Simply search our Sherwood Place Phase II 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 13

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 Sherwood Place Phase II will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 14

Do you show all MLS® sold listings for Sherwood Place Phase II?

Accepted Answer

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

Just Sold: Sherwood Place Phase II Home Prices

Sherwood Place Phase II Sold Data Overview

Recently Sold in Sherwood Place Phase II

Sherwood Place Phase II Market Insights

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2-Year Market Trends: All Property Types

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