Local Real Estate Numbers Holding Steady in 2013: B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
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Local Real Estate Numbers Holding Steady in 2013

 
 

LETHBRIDGE: The Lethbridge and District Association of Realtors is happy with the numbers they're seeing halfway through 2013.

 

So far there have been 1,229 transactions in and around Lethbridge, which is on par with the 1,238 through the first half of last year.

 

Association President John Bekkering went over his feelings on the numbers while speaking with Country 95, "We always like to see them higher but I think we should be content, we have a very strong, good market. The positive side of our numbers is that our inventory is down about 7-per cent for the year compared to last year, which is great...more balanced market."

 

Bekkering also addressed the direction he expects the market to take later this year, "I really believe that we're going to have a good market this year. Interest rates are still down, we've got a healthy economy, we're growing, we've got over 90,000 people in the city and we're excited. It's a good place to do business."

 

Bekkering noted that the average sale price for a home in Lethbridge was between $260,000 and $270,000. He also pointed out that 80-per cent of home sales in Lethbridge were for under $400,000.



Posted on Monday, July 08, 2013 at 4/16/2014 3:40:04 PM
Source: Patrick Burles (@PatrickBurles on Twitter)-- Country 95 News
 
 
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