lethbridge real estate: Lethbridge Real Estate - Market Report for February 2009
- 03/03/09 12:58 PM
Looking at the LDAR MLS® Statistic Report for February this afternoon truly inspired me. It may have also been the lovely spring weather we had here today paired with the Bank of Canada's overnight rate dropping to an all time low of 0.5%, but it seems there may be be a light at the end of the real estate tunnel after all! With much to celebrate if you are in the market to purchase a home, the February stats for our local board also provide some encouragement to home sellers in Lethbridge who have struggled through a long, cold winter of … (0 comments)
lethbridge real estate: Lethbridge Real Estate - Market Report for January 2009
- 02/13/09 07:20 AM
January started as a month of fresh beginnings for many and before I report on market stats, I think it is wise to note a trend that I feel will skew market statistics slightly this month. Occasionally, sellers will pull a home off the market over the Christmas holidays and relist it for sale in the New Year. I feel this flood of "new" listings may have artificially increased the total number of new listings for January. With that said, here's the skinny for January 2009: 1. Currently there are 613 homes for sale in Lethbridge (435 single family, 152 … (4 comments)
lethbridge real estate: Top Five Properties in Lethbridge - Liz's Picks for January 2009
- 02/01/09 07:58 AM
I published my first Top Picks back in November where I highlighted my personal picks for solid investment properties. Out of those six properties, all but two have sold. This months picks come from a few different categories. For information on any of these properties or any other home for sale in Lethbridge, give me a call! Top Green Built Home in Lethbridge - MLS#20090028 - 339 Coulee Creek Court South - This beautiful home was built by Milestone Homes who took top honours in 2008 for both the 1651 - 1800 square feet and 1801+ designs at the Lethbridge Awards … (4 comments)
Transaction Brokerage (formerly known as Dual Agency in Alberta) is a common practice in common law real estate. Two examples where transaction brokerage might occur would be:
- You are working with a REALTOR® as your Buyer's Agent (ideally, under an Exclusive Buyer Brokerage Agreement). They introduce you to a property that they have listed for sale and you decide you would like to write an offer on it (and in Alberta, this would also apply to the properties listed by any other agent in your REALTORS® brokerage) - As a Seller, you list your property with a … (6 comments)
lethbridge real estate: Lethbridge Real Estate - Market Report for December 2008
- 01/02/09 01:52 PM
As the year came to a close, there are a few things to note when looking at the Lethbridge, Alberta real estate market for the month of December: 1. Currently there are 566 homes for sale in Lethbridge (399 single family, 146 condo, 21 mobile homes) 2. 118 of those 566 listings were put up for sale in the month of December. 3. 55 homes sold in Lethbridge in the month of December. Now in order to see where we are in heading, we need to look back at the statistics for the entire board for the past few months: August … (1 comments)
lethbridge real estate: Buying Real Estate in Lethbridge, Alberta - Able, Ready and .... Waiting??
- 12/28/08 03:00 PM
Are you considering buying a home in Lethbridge, Alberta? Are you looking for more space, a better location, an investment property? Are you pre-approved for a mortgage and ready to make your move? If you have answered all these with a yes... my next question is, "Why are you still waiting?" The answer is likely "fear". Fear that you will overpay, fear that interest rates have not hit their lowest, fear that the timing is not perfect. Well, if your decision to wait is rooted in fear, I have something that can help you. No, it's not that almighty crystal ball … (0 comments)
lethbridge real estate: Lethbridge Real Estate - Market Report for November 2008
- 12/03/08 08:44 AM
November statistics continue to reflect the balancing of our local market. The number of new listings each month continues to decline from previous months as only those "serious" about selling are putting their homes on the market. Prices have stabilized considerably with a 12 month average sale price of $259,774 across our board. With this said, I continue to hear buyers say they will wait. My feeling is that the perfect storm has brewed and it is time to take action for these reasons: 1. Inventory is still high, meaning there is a great selection of homes for sale in Lethbridge … (2 comments)
lethbridge real estate: Lethbridge Real Estate - Market Report for October 2008
- 11/23/08 02:21 PM
October 2008 stats show much of the same "settling" of the market that has prevailed for the past several months. A keen eye will see that the market has shifted and will use the help of a REALTOR® to seek out the opportunities that exist for buyers. There are many well priced investment properties in Lethbridge and many opportunities for first time buyers with a solid credit history to enter into home ownership. Visit us for more information on Lethbridge Real Estate.
lethbridge real estate: Lethbridge Real Estate - Market Report for September 2008
- 10/21/08 03:47 PM
My apologies for getting this out so late... I keep hearing talk about this slowing real estate market but I've been swamped! With that said, on with the report! When comparing the September 2008 stats to those of August 2008, we again see a decline in the the number of new listings in Lethbridge (down from 534 to 460) followed by a parallel decline in the number of listings that are expiring unsold (174 in August to 116 in September). Perhaps an indication that only those who are serious about selling are putting out a "For Sale" sign and the days … (0 comments)
lethbridge real estate: Lethbridge Real Estate - Market Report for August 2008
- 09/13/08 01:46 PM
August stats are in and it is noteworthy to point out that the total listings for the month (535) were down significantly when compared to the 670 homes in Lethbridge listed for sale last month. That's a 20% decrease in the amount of homes listed for sale. We can interpret from this that an increasing amount of home owners are realizing that if there is not significant motivation to sell, now may not be the ideal time to do so. This decrease also had an impact on the amount of expired listings bringing the year to date number of expired listings … (0 comments)
lethbridge real estate: Lethbridge Real Estate - Market Report for July 2008
- 08/10/08 10:30 AM
The month of July proved to be very comparable to June with only minimal increases to the total# of listings (671 in July compared to 653 in June) and the total# of expired listings for the month (182 this month compared to 170 last month) The good news is that there was an increase in the total number of sales for the month (279 in June 2008 and 301 in July 2008) and total sales for the month were down a mere 4% from July of 2007. With that said, the big question still looming is "Has the market reached the … (0 comments)
lethbridge real estate: Is it Fraud? REALTORS® Beware!!!
- 07/16/08 02:28 PM
I recently was working on a listing for a nice young couple from my former hometown. They had asked me if I would list their property after they had tried for several months to sell it privately. The catch was, they first wanted to wait to see if a private deal they had secured would come to fruition. They were waiting for a cheque in the mail from a man from overseas who had expressed interest in their property and had promised to send a "deposit". Well, the day that we (my partner in real estate) and I were to go … (8 comments)
lethbridge real estate: Single Woman Home Buyers and Lethbridge Real Estate
- 06/13/08 03:11 PM
Fierce and sassy, well equipped with confidence and a pay cheque to back it, single woman home buyers are taking the real estate world by storm. According to the most recent (2007)stats from the National Association of REALTORS®, single women accounted for 22% of all home purchases with single men trailing behind at just 9%. One in five single women are taking the bull by the horns and plunging into home ownership! So what are the driving forces behind this growing trend? Here are my thoughts: 1. Women are more organized. Face it guys, we have you beat here ; ) … (0 comments)
lethbridge real estate: Lethbridge Real Estate - Market Report for May 2008
- 06/09/08 04:26 PM
Current market conditons should always be considered when trying to decide if it's the right time to buy or sell real esate. Here's how the month of May looked in Lethbridge: Total # of Listings (Month) - 696 (Up 33% from 2007) Total # of Listings (YTD) - 2784 (Up 38% from 2007) Total # of Expired Listings (Month) - 101 (Up 274% from 2007) Total # of Expired Lisings (YTD) - 473 (Up 224% from 2007) Total # of Sales (Month) - 273 (Down 32% from 2007) Total # of Sales (YTD) - 1156 (Down 22% from 2007) So, what … (3 comments)
If you don't see a home here that suits your needs, take a minute to describe your needs and wants and I will have your ideal homes emailed to you daily as they are listed.
If you're not quite sure what your next move should be, just get in touch with me and we can put our heads together to figure out what is the best move for you!
I look forward to helping you in your home purchase!! Liz … (1 comments)
lethbridge real estate: Preparing a Home for Sale in a Buyer's Market
- 06/01/08 07:56 AM
Many parts of Alberta are experiencing what is known as a buyer's market, which in simple terms means that there are more properties available than there are buyers willing or able to purchase them. A seller in this type of market has their work cut out for them. They are faced with stiff competition and their home's perceived value needs to be at it's maximum if they want to sell within a reasonalble amount of time and for the most money the market will bear. So what can a home seller do to prepare their home for sale and give themselves … (2 comments)
Total # of Listings (Month) 615 (Up 54% from 2007) Total # of Listings (YTD) 2089 (Up 40% from 2007) Total # of Expired Listings (Month) 106 (Up 203% from 2007) Total # Expired Listings (YTD) 373 (Up 213% from 2007) Total # of Sales (Month) 276 (Down 14% from 2007) Total # Sales (YTD) 881 (Down 18% from 2007)
So what can we interpret from these stats as a REALTOR® or a home seller? Well, it appears that there are both more listings for buyers to choose from … (0 comments)
When deciding whether to renovate your home vs. move, you will want to consider the return on renovation investments. Here are some projects for which the Appraisal Institute of Canada’s members projected average payback value ranges.
lethbridge real estate: Lethbridge Real Estate - Market Report for March 2008
- 04/22/08 02:50 PM
I attended a Coldwell Banker International Business Conference in March of 2007 in Las Vegas, NV and I remember the speaker in one of the presentations talking about the "soft market" and the "hard times" that many parts of the US real estate market were facing. I remember thinking "What is this guy talking about? This is one of our best years ever in real estate in Southern Alberta!" I also remember thinking back to when I was a teenager and in comparison to the US, we were always slow to get new music, technology, economic changes, etc... Well, the real … (2 comments)
A candid and insightful blog about Lethbridge Real Estate. Features market reports, tips and advice for buyers, sellers and investors as well as great information for those who just like to be "in the know". A clear view of the current state of the Lethbridge Real Estate Market!
Looking at the LDAR MLS® Statistic Report for February this afternoon truly inspired me. It may have also been the lovely spring weather we had here today paired with the Bank of Canada's overnight rate dropping to an all time low of 0.5%, but it seems there may be be a light at the end of the real estate tunnel after all!
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