Stan Mills, President of the Lethbridge and District Association of Realtors, recently made the following statement in the Real Estate Insight magazine:
“The sales statistics for the end of February indicates that sales are meeting and exceeding the numbers for this time last year, just as we are gearing up for a busy construction season and indicators show that the average sale price will continue to increase by 5 to 8% this year”.
Projections are never absolute, but Stan is a long standing broker in Lethbridge, and a respected real estate instructor at the Lethbridge College. I feel that 5 to 8% is realistic.
The recent sale of over 700 apartments in Lethbridge, is already causing controversy. They were bought by an Ontario company, and about 150 are to be sold as private dwellings. It goes without saying that an already tight rental market will be severely affected, especially as Lethbridge University continues to grow.
If you are interested in buying or selling real estate, or would like to search Lethbridge MLS homes for sale, please view www.TeamMiller.ca, or contact Allan Miller of Sutton Group Lethbridge at (403) 329 0479.
