Fewer homes sold in Lethbridge in 2018 compared to 2017, but LDAR optimistic about 2019
LETHBRIDGE – It was an interesting year in local real estate, as during 2018 more homes were listed for sale in Lethbridge, but fewer were actually sold.
CEO of the Lethbridge and District Association of Realtors, Cathy Maxwell, says the year to date dollar volume – including commercial, farming and rural properties as well as homes – for December 31st, 2018, came in at $693-million.
“That is a slight decrease of about six percent from 2017 numbers, which came in at $740-million. If you translate that into the actual number of listings year to date, 2018 we came in at 2,548 listings and in 2017 we were at 2,638. We dropped about 3.4 percent, so we have seen a bit of a decline but not anything that should hurt us too badly,” Maxwell said.
Of those listings in 2018, 1,513 were sold compared to 1,608 sales in 2017.