The Lloydminster residential real estate market started September with steady activity. For the week of August 31 through September 6, there were 109 active residential listings, 14 pending properties and 12 reported sales.
Lloydminster Market Numbers
The average sold price was $337,625, while the median sold price came in at $305,000. Sold properties averaged 39 days on market, while the median was just 28 days.
Sellers achieved an average of 96.37% of their asking price, with the week's individual sale-to-list ratios ranging from approximately 93.87% to 98.54%.
What Sold This Week?
The detailed property report gives us a better picture of where buyers are spending their money.
The highest sale of the week was a 1,515 sq. ft. modified bi-level in Lakeside, which sold for $560,000 after 76 days on market. A Wallacefield bi-level sold for $507,500, and a College Park bungalow sold for $499,500.
There was also considerable activity through the more affordable and mid-range segments. Sales included properties at $365,000, $333,000, $325,000, $285,000, $283,000 and $281,500, along with townhouse and semi-detached sales at lower price points.
What I'm Seeing in the Lloydminster Market
The mid-range remains important. The overall average sold price of $337,625 is being supported by activity across several price ranges rather than one isolated segment.
Higher-priced homes are selling too. Three of this week's sales were approximately $500,000 or higher, demonstrating that qualified buyers are still moving on upper-end properties when the home, location and pricing line up.
Buyers are negotiating. At a 96.37% average sale-to-list ratio, the typical sold property closed roughly 3.6% below its final list price. Sellers should therefore pay close attention to their initial positioning and how their property compares with current competition.
Inventory provides buyers with choice. There are currently 109 active residential listings with an average list price of $439,923. The median active price is considerably lower at $379,900, showing how higher-priced inventory is pulling the overall average upward.
There is more activity coming. Fourteen properties went pending during the reporting period, with an average list price of $313,043 and median of $304,450. That is another indication that the more attainable portion of the Lloydminster market continues to attract buyers.
What Does This Mean for Sellers?
The market is moving, but buyers are paying attention to value. With active properties averaging 74 days on market, compared with 39 days for the homes that sold this week, properties that successfully attract buyers are moving considerably faster than the overall active inventory.
For sellers considering a fall move, pricing, presentation and marketing from day one remain critical. The goal isn't simply to put your home on the market — it's to position it properly against the homes buyers are comparing it with.
For buyers, 109 active listings means there are choices, but desirable and properly priced homes can still move quickly.
Want to know what your home could sell for in today's Lloydminster market? Let's look at the numbers for your neighbourhood and property type.
Harpreet Christie, REMAX Lloydminster
780-205-7653
harpreet@bordercityrealestate.com
BordercityRealEstate.com