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Stable Real Estate Sales Activity Expected For The Region

 
 

LETHBRIDGE:  The President of the Lethbridge and District Real Estate Association expects this year's home sales to be on-par with last year in the city.

 

According to John Bekkering, first quarter home sales are down just four per cent from the same time last year. That equates to 314 residential home sales in the city, compared to 316 during the first quarter last year.

 

Bekkering notes there is also a more even supply of homes on the market after a six per cent drop in inventory. This may bode well for future sales activity, as whenever there is a larger supply of homes sporting "for sale" signs, buyers tend to take a longer time making their choices.

 

Home sales had more of a slump when outlying areas are included in the statistics.

 

The Lethbridge and District Association of Realtors covers a 60 to 90 mile radius around Lethbridge. That means the MLS district includes not only the city but the Counties of Lethbridge, Cardston and Warner, as well as the M.D's of Taber, Willow Creek, Pincher Creek and the Municipality of the Crowsnest Pass. Total home sales for this region dropped from 504 in the first three-months of last year, to 362 in the first quarter of this year.

 

The usual trend is that real estate sales activity picks up with warmer weather and through the summer months.

 



Posted on Tuesday, April 16, 2013 at 4/24/2014 2:39:23 PM
Source: Dori Modney (@Dori_Modney on Twitter) -- Country 95 News
 
 
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