Leduc
Leduc is a city present in Alberta, Canada. Leduc’ Economy has long been based on the Gail and oil industry. In the northern area of the city, the Leduc business park is present and contains more than 1,400 businesses. Within the Leduc country to the north, The Nisku Industrial Park is located and contains a number of businesses. The Leduc and Edmonton are 32 km away. The road distance is about 34.5km.
Real estate outlook for 2021
2020 has been a very disorganized year. Generally, predictions for the market of housing in the next year are not great. The predictions can vary but many of them expect a kind of dip in the price of houses for the rest of 2020 and also into 2021.
Freddie Mac said that things may go out by the next year. But there are optimistic predictions. Like Zillow, many others predict that the price of housing will drop by 3 percent in the coming year, as a result of national breakdowns and COVID-19. But still, there is some opportunity for the investment and the outlook could be worse.
Prices rising or stable outlook
The home value of growth has not yet ended. A seasonally expected value is expected to rise by Zillow 2.9 percent between the month of September and by the end of the year, 2020, and a rise of 7 percent is expected during 12 months ending the month of September 2021.
Market growth and stability
The market growth and economic development of the city are influenced by many factors most of which are beyond the control of economic development agencies and government. The competitive forces, decisions, global economy, and fortunes of the private investors are largely outside the realm and influence of the government and local agencies.
Is the real estate market growing?
Currently, an average house price in Leduc city is indicated by a stat which is $335,481 and also indicated a new 36 listings in the last 28 days. Today, housing data from Leduc shows that the median days on the market for a home is 50 days. The average sold price of the city is $335K with a monthly charge of 111.2% and quarterly change of 1.1%. In 2020 between November 17 to December 15 the price of two-bed apartments was $455 while this price was $438 about three months ago while this price was $169 about 6 months ago.
This shows an increase of 87% in housing prices. Similarly, 3-bed homes price between November 17 to December 15 was $320K which was $335K 3 months ago and was $340K 6 months ago. This shows a decrease of 4%. If we talk about 04 bedroom houses their price between November 17 to December 15 was $398K which was about $365K 3 months ago and was $355K about 06 months ago, this represents an increase of 20% in 4 bedroom housing prices. Overall, we can say that the real estate market is growing.
