Ken Devoe – Red Deer Realtor

with Century 21 Advantage

Springbrook

Hi everyone, I had a client ask me about the Springbrook market. Springbrook is a small town  about 7 minutes west of Red Deer. Its history is a military site and is the current home of the Red Deer Airport. It is quite a quaint little town with a mix of  older homes and new development. The majority of people who live there are young families wanting that small town feel but within a few minutes of major shopping.

Springbrooks market picked up considerably in 2012. With any town in Central Alberta there are usually only a few sales to look at. Springbrook is no different. In 2012 we saw 44 sales occur up from 26 in 2011. The average sale price increased slightly to $231K from $223K in 2011 but as I have said in the past I believe that is from more higher priced homes selling. Out of the 44 sales last year 10 of them were over $300K compared to only 5 sales over $300K in 2011. That is the biggest thing affecting price. But the biggest number to consider is 44 sales compared to 26 in 2011.

Below is a chart explaining how many sales were in certain price ranges. Look at the difference in each price range.

in $1000s 2012 2011
$0 – 50
0 0
$50 – 75 0 0
$75 – 100 0 0
$100 – 150 5 5
$150 – 200 16 6
$200 – 250 7 5
$250 – 300 6 5
$300 – 350 8 5
$350 – 400 1 0
$400 – 450 1 0
$450 – 500 0 0
$500 – 600 0 0
$600 – 700 0

0

As any town in Central Alberta Springbrook has a very solid market and the outlook for 2013 is very good.

Thanks for reading

Ken Devoe – Central Alberta

Follow me on Twitter @kendevoe

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Address

Cell - 403-350-1192
Email - ken.devoe@century21.ca

Ken Devoe is a licensed REALTOR ® with Century 21 Advantage in Red Deer Alberta

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