Condominium Market Outlook for Lethbridge

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Lethbridge

Lethbridge is a beautiful city of province Alberta, Canada. This city has a record population of 101,882 individuals in the 2019 municipal census. This city is bisected by the Oldman River and also different color formations, whose valley has been changed into the largest systems of an urban park in North America at almost 755 hectares of the protected land.

 

This city is an amazing place to live with more than 70 parks, 2 post-secondary institutions, a warm climate, 140 km of walking trails, having close proximity to the Rocky Mountains, and vibrant manufacturing and agricultural industries. This city is actually a home for every step of life.

 

Condominium price index 2021

A condominium in Lethbridge is a large property complex that is divided into individual units and sold. The ownership of the condominium includes a non-exclusive interest which is controlled by the condominium management. According to Lethbridge Real Estate prices depend on the area covered by the condominium.

 

2 bed and 1 bath condos covering almost 1041 sq ft have a price of $169,000 while the condos having 1 bed and 2 baths has a price of $222,000. Moreover, by increasing the number of beds and baths, the price of these houses goes up. With 2 beds and 2 bath condos cost up to $197,000.

 

Number of active listings in Lethbridge

Lethbridge is the 6th fastest-selling city out of 17 in Great Vancouver. There are 196 new active listings in Lethbridge city from the last 28 days and almost 65 houses are sold out.  These are different active listings in Lethbridge depending on 1 bed, 2 bed, or 3-bed Condos. There are 16 active listings of 1-bed condos, 78 of 2-bed condos, and almost 5 are of 3-bed condos.

 

Overall there are 100+ 30% active listings of condominiums in Lethbridge along with 49 new listings and 6 sold listings. There are many best areas of condos in the city including 904 Red Crow Boulevard W, 831 11 street N, 601 Squamish Lane W, and 1717 5 Ave N.

 

Condominium prices increasing or decreasing

Lethbridge is a great choice, housing prices in the city are cheaper than in Calgary, which is a very expensive city and quite tight. The price growth rate of Lethbridge is 21.1% with 27.76% turnover.  Delta housing price shows a $1.1M average sold price with 0.4 %  monthly change and 21.1 % yearly change. From December 29 to January 26  one bed condos price was more than $376K which was 3 months ago and $390K which was 6 months ago.

 

Similarly from Dec 29 to Jan 26 two-bed condos price was $483K which was $541K about 3 months ago and $494K about 6 months ago. If we see overall prices of Condos in Lethbridge then this was almost $ 483K from December to January which shows a decrease of 10%. While this price was $513K 3 months ago, $492K 6 months, and $538K one year ago.

 

 

Lethbridge Homes For sale

Lethbridge Townhouses For sale

Lethbridge Condos For sale

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