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Laurelwood Real Estate Market Update Winter 2019
The real estate market in Laurelwood remained slow through the 4th quarter of 2018. The last three months of the year saw 15 homes sold in the area bringing the total for the year to 55 homes, a drop of 23.6% from the 72 that sold in 2017. Prices were down slightly, in 2018 the average sale price in the neighbourhood was $706,000 a 2.2% drop from the average of $722,000 in 2017. The selling cycle remained at a more traditional 28 days on the market and homes sold very close to their full list price (99.3%). It should be noted that 40% of the homes sold in Laurelwood 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 full update or download it in the atttachments.