Grande Prairie
Grande Prairie is the city of northwest Alberta, Canada and it is present in the southern portion of the area called Peace River Country. This city is cheaper than Fort Nelson or Fort McMurray. Food in Grande Prairie is on par with the other towns in the area, and can also be available at even a little cheaper rates. Fuel in the city is also cheaper than more of the surrounding areas.
Statistic on Average Prices for Condos, Homes, and Townhouses:
In Grande Prairie, the average size of an apartment is 863 sq ft but this size varies to a great extent depending on the type of unit with luxury and cheap alternatives for apartments and houses alike. The smallest and most affordable apartments of one-bedroom apartments are closer to an average.
A recent Grande Prairie MLS stats represents that an average home price in the city is $315,484. Houses with different construction styles have different price ranges. 2 bed detached houses in Grande Prairie are available at the price of $217K. But one can easily buy 2-bed townhouses at a little bit more price i.e. $249K. Condos are the cheapest of all and available with all basic facilities at a price of $150K. If someone wants a bigger house then their price will also be a little higher but they can still be affordable. 3 bed detached houses are $300K, townhouses are $260k while the condos are available at $80K.
How Many Numbers of Properties do Grande Prairie Offer?
According to the Grande Prairie real estate statistics housing market, as of today 28 March 2021 566 properties are available in Grande Prairie for sale with an asking price of $354,215.96. The highest asking price of the property is $4,500,000 while the lowest asking price is $20,000.
Research in the sale history of Grande Prairie shows that property type includes single-family attached, detached homes, and townhouses.
How Fast Is The Real Estate Market Moving?
The bright spot in otherwise wretched 2020 was actually the real estate market. After a small retrenchment at the beginning of the pandemic, house sales rose. A low mortgage rate and a decline in the number of homes in the market cause the prices to rise. A rise in prices increases the home values, creating more money for the homeowners.
According to the Black Knight, mortgage data not everything in the city was rosy and as of this month, 2.7 million or 5.2% of the mortgages are in forbearance. Many experts are expecting a strong market in 2021. According to the National Association of the Realtors, the median household income of the first-time buyer in the previous year was $80,000 which is more than $68,703.
The number of Active Pre Construction Developments in Grande Prairie:
Grande Prairie has a different number of new listings depending on the construction style to meet the need of customers. These houses are even available at different numbers depending on the number of beds. Overall new listing of detached homes is 159, of townhouses is that of 35 while the active listing of condos is 15.
