Relocating to Lethbridge and wondering how much a home here is worth?
For those seeking to relocate to Lethbridge, Alberta a common question I am asked is "How much is the average home there?".
The short answer is that an average home based upon MLS sales data collected by our useless Lethbridge Real Estate Board is $263,000. Now for anyone moving here from any of the major cities in Canada, that is probably about half of what homes are worth in your city. For those moving from more rural markets, you should still find that fairly affordable, as Lethbridge is … (3 comments)
statistics: Lethbridge Real Estate Statistics Feb 2016
- 03/19/16 08:00 AM
Lethbridge Real Estate Statistics - February 2016 Our local real estate board keeps statistics on the listings and sales which are shared with them. These sales which are recorded in the MLS can be used to give a rough snapshot of the Lethbridge real estate market and help to answer that questions, "what is my lethbridge house worth?".
Other than keeping these stats, the Lethbridge Real Estate Board is of no use to me. Many years ago it was a useful and functional organization which fostered cooperation and promotion in the local real estate industry amongst the wide variety of REALTORS and other … (3 comments)
statistics: Lethbridge Real Estate Stats Dec/2015
- 02/17/16 01:10 AM
Dave Mabell @The Lethbridge Herald wrote the following this morning. It is interesting to compare how the Lethbridge real estate market has weathered the economic downturn better than many other regions.
"Despite distress in Alberta’s energy industry, homes remain a hot commodity in Lethbridge. Local real estate officials report 2015 turned out to be their strongest year since 2007. And the average sale price across the region reached $266,738 by December – up 14.6 per cent in one year. December was a particularly busy month, according to figures released by the Lethbridge and District Association of Realtors. The 132 homes sold through the association’s … (1 comments)
According to statistics[1] released today by The Canadian Real Estate Association (CREA), national resale housing activity retreated in January 2012 from the strong finish reported for December 2011. Highlights: Home sales were down 4.5% from December to January. Actual (not seasonally adjusted) activity came in 4.0% above levels in January 2011, and stood even with the 5 and 10 year averages for January sales. The number of newly listed homes edged down 1.4% from December to January. With sales down by more than new listings, the … (0 comments)
Local home prices have seemingly stabilized in the short term. However, each day I watch the new property listings come onto the MLS market and watch the sales drop off the market. As an example, here is what happened today in Lethbridge. There were 15 new listings in the City. There were 3 sales went final, and there were 4 listings cancelled, which commonly means they are firing their Realtor and looking for a better one or else have decided to not sell.
The net effect of today's activity is … (2 comments)
statistics: Canadian Home Prices for year ended 2009 - Statistics
- 02/04/10 05:39 AM
More statistics on the Canadian real estate market. You will notice that despite the economic down turn across the globe and the global credit crunch, the average resale price in EVERY marketplace was up. Not only UP, but some of them were UP dramatically.
If you are a global investor and are not invested in this market, you are missing the boat. While the US continues to decline another 20 or 30 percent in the coming year, our market will contine to eclipse them and grow. There is no more solid investment globally right now than Canadian real estate.
This is a boring post, except for those of you who love stats. Just wanted to post some updated numbers on what is going on across the country. The one thing of note and interest to me is that Alberta once again continues to be one of the strongest markets in the entire world.
If you are a smart real estate investor, you should be here in Alberta already. There are some big things happening and the next couple years are going to be amazingly progressive. Total New … (0 comments)
statistics: Canadain Real Estate Statistics
- 01/06/10 03:33 PM
Real estate statistics. Some people like em, some people couldn't care less. For those who are interested, here are the most recent numbers releases by CMHC. Alberta hew home starts were up slightly in both October and November, indicating that there is still a strong housing market bubbling beneath the surface of the slow and frozen real estate marketplace. Total New Housing Starts (Seasonable adjusted and annualized) Source: CMHC Housing Now – December 2009 and December 2008. … (3 comments)
We start with the attractive low interest rate of Prime for 3 years. Next, consider the change in ARM pricing over the past 6 months and the likelihood of this continuing. Why would you want to lock in a customer to a 5 year ARM when there is a downward trend in ARM rates? Instead, offer them a shorter ARM term - say, 3 years - which would allow them to renew into another ARM sooner (and at better pricing). The financial benefit for your customer could be huge. A … (7 comments)
statistics: Calgary Real Estate Picking Up
- 09/02/09 05:47 PM
Calgary, September 1, 2009 – Calgary metro home prices made the first year-over-year increase on a monthly basis since February 2008 according to figures released by the Calgary Real Estate Board (CREB ® ). Prices received an added boost from the sale of a $10.3 million home earlier this month. “Calgary’s housing prices are edging upwards as consumer confidence improves and demand continues to grow,” says Bonnie Wegerich, President of the Calgary Real Estate Board. “The recent $10.3 million-sale has undoubtedly boosted the average price this month, but even without this sale the average price is higher than a year ago.” … (1 comments)
lethbridge real estate market
;)
;)
;)
