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.
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