The Lloydminster residential real estate market finished August with 117 active listings, 9 properties moving into pending status and 9 completed sales during the August 24–30 reporting period.
This Week at a Glance
Active Listings: 117
Average Active List Price: $428,685
Median Active List Price: $374,950
Pending Sales: 9
Completed Sales: 9
Average Sold Price: $377,000
Median Sold Price: $450,000
Average Sold DOM: 52 days
Average Sale-to-List Ratio: 96.81%
What the Numbers Tell Us
The $377,000 average sold price needs some context this week.
The median sale was considerably higher at $450,000, while individual sales ranged from just $67,500 all the way to $682,000. A handful of lower-priced transactions therefore had a significant effect on the weekly average. I wouldn't interpret the lower average alone as evidence that Lloydminster home values dropped this week.
The property data also shows activity at several different levels of the market. Examples include a Lakeside modified bi-level selling for $682,000, a West Lloydminster bungalow at $605,000, a Lakeside bi-level at $492,500, a Parkview Estates modified bi-level at $475,000, and a College Park modified bi-level at $450,000.
Sellers Are Still Negotiating, But Not Heavily
The average home sold for 96.81% of its final list price, and the median was 97.44%. That's an important number for both buyers and sellers.
It shows buyers are negotiating, but on average sellers aren't giving up huge amounts from their asking prices. One property in College Park actually sold for $450,000 after being listed at $449,900.
Inventory Remains an Important Part of the Story
There were 117 active residential listings across Lloydminster at the end of this reporting period. The average active listing had been on the market for 70 days, while the median was considerably lower at 44 days.
That difference matters. Some properties with very high days on market are pulling up the overall average. In fact, the active inventory includes properties ranging from just 1 day to 535 days on market.
For sellers, this reinforces something we've seen repeatedly: pricing and positioning matter. Buyers have choices, but inventory becomes much tighter once they narrow their search by neighbourhood, home style, condition, garage requirements and price.
What I'm Watching Going Into September
The 9 pending properties are worth watching because they give us a look at what's potentially coming next. Their average list price is $405,769, with a median of $443,950.
That higher median pending price, combined with this week's $450,000 median sold price, suggests there is meaningful activity in Lloydminster's mid-to-upper price ranges.
As we move into September, I'll be watching whether inventory begins to decline with the change of season, how quickly well-priced homes are being absorbed, and whether the stronger activity we're seeing around the middle and upper portions of the market continues.
If you're considering selling this fall, don't base your home's value on the city-wide average alone. Property type, neighbourhood, condition, age, updates and current competing inventory all play a major role in determining where your property should be positioned.
Harpreet Christie, REMAX Lloydminster
📞 780-205-7653
📧 harpreet@bordercityrealestate.com
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