Jeff van de Bennet's blog

More homes are selling, and properties are spending fewer days on the market. Average sale prices have increased.
Interest rates have dropped to 4.25%. This all points to a very healthy market. Let me know if you're considering making a move!

The summer months have brought a steady stream of motivated buyers, and with interest rates holding steady and even beginning to decrease, we're seeing continued high demand in residential. While many are on holidays or taking it easy during the last bit of summer this is an opportune time to get your home ready to sell. Properties that are priced right and presented well are still attracting considerable attention and multiple offers. 

If this trend continues, Prices will continue to climb based on these stats!

What you buy is also very important! Make more money buyingTHE RIGHT HOUSE!

Home Prices continue to climb. As of today, only 166 detached homes are for sale in Lethbridge today. 
Note: 140 detached homes sold in the last 30 days.  Best interest rate is 5.09% which equals - $587 a month per $100,000 borrowed. 
However, Interest rate expected to drop in late 2024. 

If you want to get the most for your home, allow me to show you how best to accomplish that goal. It's a seller's market & prices are going up.
118 single family homes sold in March in Lethbridge. Only 154 for sale at April 1. That's Less than 1/2 normal supply.

Lethbridge Home Prices Trending Upwards - Based on limited supply and high demand. 

In February we saw a 30% decrease in inventory and a 30% increase in total sales year over year which is the most drastic variation I've seen in a while. There is a lot of pent up buyer demand and increased net migration to Southern Alberta and Lethbridge.
A lot of sellers are cashing out of higher priced markets and moving here where Real Estate Prices are still relatively affordable comparably. If you're looking to buy you definitely need to be prepared and expect some possible challenges and more than...

The stats don't lie. Real Estate over time has proven to be a SOLID investment over time

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Lethbridge home prices continue to climb based on low supply and high demand.