Red Deer County

WestlakeHousing market

Westlake

Westlake Housing Market Report

Strong Seller's Market

All types - for the month of September

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.

33

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

2(-66.67% YoY)

Relisted

1(- YoY)

Compared to number of active, same period, in 2024: 10, in 2023: 3, in 2022: 13

Total Sold Listings*

2 sold

Median Sold Price

$400,000

Avg Days on Market

33 days

Median Bidding

-$6,150

Compared to number of sold, same period, in 2024: 1, in 2023: 3, in 2022: 3

*Data is for the month of September

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

pillar/IMG-A2264075_1.jpg

7 days on Market

35 Woodrow Close, Red Deer

Detached3+34+12601.00 sq ft

Listed by Royal LePage Network Realty Corp.

pillar/IMG-A2262157_1.jpg

14 days on Market

232 Wiley Cres, Red Deer

Detached3+14+11669.54 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2242466_1.jpg

Re-listed 90 days ago

$•••,•••

9 Cronquist Close, Red Deer

Detached2+342058.00 sq ft

Listed by Century 21 Maximum

pillar/IMG-A2227127_1.jpg

141 days on Market

$•••,•••

107 Wyndham Cres, Red Deer

Detached1+231564.63 sq ft

Listed by Century 21 Maximum

Just sold - Westlake

pillar/IMG-A2244940_1.jpg

Sold 5 days ago

Sold for $570,000

$6K below asking

7 Woodrow Close, Red Deer

Detached3+231307.00 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2258299_1.jpg

Sold 11 days ago

Sold for $430,000

$5K below asking

52 White Ave, Red Deer

Detached2+231200.00 sq ft

Listed by Lime Green Realty Central

pillar/IMG-A2246140_1.jpg

Sold 26 days ago

Sold for $415,000

$12K below asking

37 Wade Close, Red Deer

Detached2+231203.00 sq ft

Listed by Century 21 Bravo Realty

pillar/IMG-A2252679_1.jpg

Sold 38 days ago

Sold for $385,000

26 Windermere Close, Red Deer

Semi-Detached33+11378.00 sq ft

Listed by Lime Green Realty Central

pillar/IMG-A2223398_1.jpg

Sold 75 days ago

Sold for $510,000

$15K below asking

33 White Ave, Red Deer

Detached3+131600.00 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2229785_1.jpg

Sold 81 days ago

Sold for $405,000

$24K below asking

33 Wade Close, Red Deer

Detached2+221105.00 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2237630_1.jpg

Sold 90 days ago

Sold for $529,900

$5K below asking

175 Wiley Cres, Red Deer

Detached3+131415.41 sq ft

Listed by RE/MAX real estate central alberta

pillar/IMG-A2236773_1.jpg

Sold 91 days ago

Sold for $515,000

$10K below asking

11 Wiley Cres, Red Deer

Detached3+231425.00 sq ft

Listed by Century 21 Maximum

pillar/IMG-A2233290_1.jpg

Sold 95 days ago

Sold for $483,000

$6K below asking

4 Weddell Cres, Red Deer

Detached321085.00 sq ft

Listed by MaxWell Capital Realty

pillar/IMG-A2233332_1.jpg

Sold 101 days ago

Sold for $540,000

76 Wiley Cres, Red Deer

Detached3+131435.00 sq ft

Listed by CIR Realty

Population and Demographics

Overview

Total population 253

Average household income $170,652

Age (%)

0 to 19

25%

20 to 34

16%

35 to 49

24%

50 to 64

17%

65 and plus

18%

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