Medicine Hat
Medicine Hat is present in southeast Alberta, Canada. This city is famous for its large fields of natural gas, and also for being immortalized by Rudyard Kipling as they have all the hell for a basement. Because of having these types of reserves this city is also famous as The Gas City. Medicine Hat is a wonderful place to live, visit, and work. This city has a population of about 65,000 individuals. This city is a pretty modern kind of city, clean and also populated by great folks.
Real estate fact for 2021
According to recent statistics on January 04, there are 377 properties are available in Medicine hat for sale each with an average asking price of $339,865.35. The city has the highest-priced property of $3,300,000.0 and lowest priced property of $14,800. History of the properties of medicine hat represents that this city has the property type which includes attached townhomes, single-family detached homes, and new Medicine Hat real estate reports. Currently, this city has 377 active listings with an average asking price of $339,865.35 Canadian dollars. The number of homes available in the city includes 205, townhomes 31, apartments 66, semi-detached homes 24, multi-family 17, and land 15.
Are housing prices rising or is stable outgrowth?
There are almost 323 safe houses in the city. The average sale price listing is varying in the city depending on the type of house and area in which it is available. In Medicine Mat, the 2 bedroom townhouse has a price of $148,900. The 3 bedroom townhouse price is varying in the city between $239,900 and $234,900. The commercial areas of Medicine Hat have a listing price of $999,000. If we have a look at the townhouse price of 4 bedrooms then it is also varying between $454,900 and $ 329,900 depending on the area and also luxuries available in these townhouses. If we talk about Condos then 1 bedroom Condo has a sale price of $132,900. So we can say that prices are rising.
Is the real estate market growing?
The real estate market of Medicine Hat is getting stronger with some August reports which also include some eye-popping numbers. The real estate board of Medicine Hat has shown that the average residential sale price of the city is rising every year up to almost 21 percent which was $303,000 in the month of August. This market is also being affected by numerous factors which include more sales of houses with a price of more than $400,000. Anything that has marked more than $400,000 is considered a very tough sale so it is good to see that some of these houses with high purchase prices are being purchased. In Medicine Hat inventory of homes that are available for sale in the city is almost 19.6 percent less than it was available at this time in the previous year.
