Lago Lindo

Six homes sold in September, all detached houses. The median sold price was $408,500 and the median time to sell was 20 days. Homes sold for 96.9% of asking, and the median price per square foot was $334. A year earlier, four homes sold at a median of $364,525 after a median of 33 days. Sales are up 50%, median price is up 12% and median days are down 39%. With only six sales, one or two homes can move these medians.

For sellers, the month points to steady demand, though not a bidding contest. Median days to sell fell from 36 in August to 20, and the 96.9% sold-to-ask figure means buyers still negotiated. North West Edmonton had a median sold price of $377,000, a median of 32 days and 97.5% sold-to-ask, so Lago Lindo sold higher and faster. Over 12 months there were 51 sales, with a median of monthly medians of $395,000. Pricing close to recent sales still matters.

For buyers, choice is thin. Six sales in a month means few comparable homes, and those that sold took a median of 20 days. Homes sold at 96.9% of asking, so there is some room to negotiate, but a well-priced home may not wait. Lago Lindo had 3,650 residents in 2021, with a median age of 43.2 and 1,335 households. Median household income was $110,000 in 2020, and 90% of homes are owner-occupied.