I thought it would be time to share some statistics for Drumheller.
Here is what has been happening in the area:
For the month of October 2011 the average selling price for Drumheller Urban showed an increase to $236,000, with 8 sales. Compared to last year, October 2010, which was $220,318 with 11 sales. For Drumheller Rural, the averages selling price for October 2011 was $70,000, which was a decline from October 2010 of $92,000.
The current year to date is 123 solds with an average sale price of $241,666 for Drumheller Urban. This is an increase of 3.6% over last year, which had 92 solds at an average sale price of $233.362 The Drumheller Rural current year to date has decreased 16.2%, with 22 solds at an average sale price of $135,250 compared to last year with 27 solds with an average sale price of $161,422.
The good news is that interest rates are still low, and should stay low for quite some time. For more information on the worth of your property in this Market contact me anytime.