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Westvale Real Estate Market Update Winter 2019

The real estate market in Westvale remained slow through the 4th quarter of 2018.  The last three months of the year saw 20 homes sold in the area bringing the total for the year to 83 homes, a drop of 15.3% from the 98 that sold in 2017.  Prices continued to increase.  In 2018 the average sale price in the neighbourhood was $545,000 an increase of 2.4% from the average of $532,000 in 2017.  The selling cycle remained quick, homes sold in an average of just 18 days on market and they sold slightly more than their full list price (100.7%).   It should be noted that more than half of the homes sold in Westvale 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 attachments.



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