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RE/MAX Twin City Realty Inc., Brokerage*

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Conservation Meadows Real Estate Market Update Winter 2019

The real estate market in Conservation Meadows remained slow through the 4th quarter of 2018.  The last three months of the year saw 5 homes sold in the area bringing the total for the year to 20 homes, a drop of 25.9% from the 27 that sold in 2017.  Prices were also down slightly, in 2018 the average sale price in the neighbourhood was 
$673,000 a 2.7% drop from the average of $692,000 in 2017.  The selling cycle remained quick, homes sold in an average of just 17 days on market and homes sold very close to their full list price (99.6%).   It should be noted that almost 50% of the homes sold in Conservation Meadows last year were sold at or above their full list price.  Strategically priced homes are still attracting multiple offers with limited conditions.  See below for the complete update or download it in the attachments.

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