Lethbridge
Lethbridge is the city of Alberta, Canada. It is a great city to live in. Lethbridge is a safe place to live as compared to other cities of Canada of the same size. Lethbridge is the industrial, transportation, and commercial center of southern Alberta. Almost half of the workplace is employed in education, retail, health, and hospital sectors, and also the top five of the employers are government-based. That’s why families in Lethbridge found this city a perfect place to buy a new house.
Statistic on Average Prices for Condos, Homes, and Townhouses:
Lethbridge with a median listing house price of $335,500 is the most affordable city in Canada. Recently, the most common listings in the city are three-bedroom properties, at least less the most common offering of the province. Average real estate listings in Lethbridge were almost three times more as compared to Great Vancouver.
Lethbridge has houses with different numbers of beds and construction styles to meet the demands of customers. Recently, the price of 3 bed detached houses in the city is $373K. The three-bed townhouses are comparatively more affordable with an average price of $283K. The condominium houses are available at an even more affordable price and have an average price of $202K.
How Many Numbers of Properties Do They Offer?
According to the Lethbridge real estate housing market statistics as of 27 march 2021 currently there are 554 housing properties for sale in the city with an average asking price of $333,846.14. The property with the highest price is $2,880,000 while the property with the lowest price is $46,500. The history of property types of Lethbridge includes attached townhomes, single-family detached houses.
How Fast Is The Real Estate Market Moving?
According to Atkinson the city had an almost 10.8% increase in the housing units sold out through 2020. This percentage is the highest in the over 10 years and generally most of which comes during the month of May. There was also more than a 12% increase in the sales volume of the city. Overall sales volume was almost $516,000,000 in 2020, as compared to $459,000,000 in the previous year.
He said that this year was the most strange year. He further said that there are many factors that played a role in the surge in selling and buying. According to him the average sales price in 2019 was $293,000 and this price was relatively the same as in 2020 at $297,000. All this because due to pandemic in 2020 many families weren’t demanding major upgrades, rather they just demanded small changes like office space or extra bedrooms or a spot for a home gym.
Number of Active Pre Construction Developments in Lethbridge:
Lethbridge has five new house developments, all the low-rise developments that are planned recently completed or under construction. The city has five single-family house developments and the median house price per square foot for the low-rise home is approximately $261.
