Local Real Estate Market Records Consecutive Years of Increased Sale Activity
LETHBRIDGE: The lack-lustre economy has not impacted real estate sales in Lethbridge, as year-to-date and year-over-year sales are up!
There were 308 units sold in June, which is up 14.9% from June of last year and marks the second best sales tally for the month on record. Of those 308 units, 220 were single family homes which represents a 15% increase in single home sales from June of last year.
The average price of homes being sold is at about $270,000, which is up 2% from last year. The total dollar value of homes sold reached $83 Million in June, for a 17% increase from June of 2015, which also represents the second highest level of any month on record.
The rosy picture extends across the first half of the year.