If you've been watching the "For Sale" signs in The Willows lately, here's what's actually happening. The market is taking a breather. Average sale prices for houses sit at $496,525, which is down 3.0% from last month. Listings are coming in around $425,000. That gap between list and sale tells you sellers are still getting close to what they ask - properties are closing at 100% of list price on average. That's not a crash. That's a cooling balanced market finding its footing.
We're seeing 4 houses sell this period, essentially flat from last month. Homes are sitting for about 39 days before they sell - the same pace as nearby Riversong. So while things have slowed down, we're not in freefall. Think of it as the market catching its breath after a busy run.
Here's why this matters for your wallet right now. The city's assessed value on your property is a snapshot from the past - it doesn't know what happened in your neighbourhood last month, last week, or yesterday. The HonestDoor Price does.
Right now, the average HonestDoor Price for a home in The Willows is $565,659 - up 0.43% from the previous period. The predicted market value for houses specifically comes in at $563,254. Compare that to the 3-month moving average of $568,578 and you can see values have dipped slightly, but they're holding in a tight range. That's real-time data, not a government estimate that could be 12 to 18 months stale by the time it lands in your mailbox.
If your neighbour down the street just sold, your HonestDoor Price already knows about it. Your tax assessment doesn't. That's the difference between a static number and a living one.
Want to know if you're on the right side of the fence? Here's a quick look at what's happening around us.
The Willows sits in a sweet spot. We're more affordable than River Heights and Riversong, but we're holding our own against Fireside. For buyers priced out of Riversong, The Willows is a logical next look.
Straight talk: this is not the hottest seller's market we've seen. Prices are down slightly month-over-month, and homes are taking about five and a half weeks to sell. If you were hoping to list and have a bidding war by the weekend, temper those expectations a little.
But here's the flip side. You're still likely to get your asking price - that 100% sale-to-list ratio is real. And with a rental yield of 5.51%, buyers who are on the fence about purchasing are being pulled in by the income potential. That works in your favour as a seller. Buyers can justify the purchase even if they're nervous about the market.
The Willows also ranks 14 out of 28 neighbourhoods in Cochrane for growth - that puts us in the above-average half of the leaderboard. Not the top of the class, but not the back of the room either. If you price sharp and present well, you have a real shot at a clean sale before fall.
Bottom line - check your HonestDoor Price before you call an agent, before you set a list price, and definitely before you assume your tax assessment tells the full story. It doesn't. Your HonestDoor Price does.
This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.