West Terrace
West Terrace

West Terrace Housing Market Report

Strong Seller's Market

All types - for the month of April

Buyer's market Seller's market

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.

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*

1

New

1(-75.00% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 2, in 2023: 1, in 2022: -

Total Sold Listings*

-

Median Sold Price

-

Avg Days on Market

- days

Median Bidding

-

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

*Data is for the month of April

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

Sold vs Active vs New vs Relisted - West Terrace - All types

Sold Price Distribution - West Terrace - All types

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

Property Type Distribution - West Terrace - All types

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

Median Price - West Terrace - All types

Population and Demographics

Overview

Total population 569
Average household income $163,183

Age (%)

50 to 64
27%
0 to 19
25%
35 to 49
18%
65 and plus
16%
20 to 34
14%

Household composition (%)

Single family
81%
Single person
16%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
94%
Others
3%
French
2%

House tenancy (%)

Owners
88%
Renters
12%

Top 1 School in West Terrace

École Notre-Dame des Vallees132 Quigley Drive, T4C 1R1, Cochrane, AB
7.2/10
Public

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

1/5

Other transportation modes are needed to reach day-to-day needs

Shopping, Food and Nightlife

Cafes

1/5

Few or no cafés within walking distance

Groceries

0/5

No grocery stores within walking distance

Nightlife

0/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance