Red Deer County

WestlakeHousing market

Westlake

Westlake Housing Market Report

Strong Seller's Market

All types - for the month of April

Buyer's market Seller's market

2

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

23

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

3 active

New

3(-40.00% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 8, in 2023: 9, in 2022: -

Total Sold Listings*

2 sold

Median Sold Price

$1,000,000

Avg Days on Market

23 days

Median Bidding

-$47,450

Compared to number of sold, same period, in 2024: 3, in 2023: 2, in 2022: -

*Data is for the month of April

Median Sold Price vs Average Days and Average Total Days on Market - Westlake - All types

Sold vs Active vs New vs Relisted - Westlake - All types

Sold Price Distribution - Westlake - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Westlake - All types

Property type distribution based on data from the last 3 months.

Median Price - Westlake - All types

Just listed - Westlake

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2 days on market

4 Weddell Cres, Red Deer

Detached321085.00 sq ft

Listed by MaxWell Capital Realty

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4 days on market

6261 Cronquist Dr, Red Deer

Detached4+24+12846.08 sq ft

Listed by Concept Realty Group Inc.

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5 days on market

33 White Ave, Red Deer

Detached3+131600.00 sq ft

Listed by RE/MAX real estate central alberta

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24 days on market

$•••,•••

147 Webster Dr, Red Deer

Detached3+231581.00 sq ft

Listed by eXp Realty

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74 days on market

208 Wiley Cres, Red Deer

Detached2+131025.00 sq ft

Listed by The Property Shop Inc.

Just sold - Westlake

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Sold 2 days ago

Sold for $410,000

$5K below asking

32 Windermere Close, Red Deer

Semi-Detached33+11318.52 sq ft

Listed by Century 21 Maximum

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Sold 42 days ago

Sold for $450,000

32 White Ave, Red Deer

Detached2+22908.00 sq ft

Listed by RCR - Royal Carpet Realty Ltd.

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Sold 46 days ago

Sold for $1,550,000

$95K below asking

12 Cronquist Close, Red Deer

Detached2+24+12000.00 sq ft

Listed by Realty Experts Group Ltd

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Sold 56 days ago

Sold for $515,000

$10K below asking

71 Woodrow Close, Red Deer

Detached1+33+11231.07 sq ft

Listed by Century 21 Maximum

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Sold 58 days ago

Sold for $430,000

15 Wiley Cres, Red Deer

Detached2+221154.00 sq ft

Listed by Real Broker

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Sold 59 days ago

Sold for $541,500

$8K below asking

95 Woodrow Close, Red Deer

Detached1+231317.34 sq ft

Listed by RE/MAX real estate central alberta

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Sold 61 days ago

Sold for $1,275,000

$100K below asking

6240 Cronquist Dr, Red Deer

Detached5+26+14081.00 sq ft

Listed by Century 21 Maximum

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Sold 64 days ago

Sold for $472,500

$7K below asking

28 Wiley Cres, Red Deer

Detached3+231143.00 sq ft

Listed by Coldwell Banker Ontrack Realty

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Sold 77 days ago

Sold for $407,500

$13K above asking

76 White Ave, Red Deer

Detached2+231075.00 sq ft

Listed by Royal Lepage Network Realty Corp.

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Sold 94 days ago

Sold for $408,000

$8K above asking

239 Wiley Cres, Red Deer

Detached2+231132.00 sq ft

Listed by Coldwell Banker Ontrack Realty

Population and Demographics

Overview

Total population 253

Average household income $170,652

Age (%)

0 to 19

25%

35 to 49

24%

65 and plus

18%

50 to 64

17%

20 to 34

16%

Household composition (%)

Single family

79%

Single person

16%

Multi person

4%

Multi family

1%

Mother tongue (%)

English

87%

Tagalog (Pilipino, Filipino)

4%

Others

3%

Spanish

2%

French

1%

Yue (Cantonese)

1%

House tenancy (%)

Owners

85%

Renters

15%

Transportation

Car Friendly

5/5

Excellent access to freeways and major arteries, with a vast amount of parking nearby

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Shopping, Food and Nightlife

Cafes

2/5

Some cafés within walking distance

Groceries

2/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

2/5

Some restaurants within walking distance