Royal LePage’s new House Price Survey that was released this week says that Fort McMurray is in a balanced real estate market for the fourth quarter of 2011. Standard two-storey homes sold on average for $710,000, while detached bungalows sold on average for $620,000.
Standard condominiums, traditionally the most accessible price point, sold for an average price of $380,000.
Royal LePage expects average price growth to continue through 2012 and predicts national average prices to increase by 2.8 per cent by the end of the year.
They say although the city saw a typical decline in sales in the fourth quarter, sales were actually up by 10 percent compared to the same time in 2010.
