Earlier this week, Lethbridge and District Association of REALTORS issued their MLS Statistic Report for June. Here are some highlights from that report.
June 2014
| Sector |
Listings |
Sales |
S/L Ratio |
Avg. sale price |
| Northside |
62 |
33 |
53% |
$203,198 |
| Southside |
67 |
56 |
83% |
$316,372 |
| Westside |
109 |
84 |
77% |
$288,176 |
Year to date 2014
| Sector |
Listings |
Sales |
S/L Ratio |
Avg. sale price |
| Northside |
373 |
195 |
52% |
$220,755 |
| Southside |
409 |
253 |
61% |
$286,995 |
| Westside |
718 |
353 |
49% |
$290,144 |
June 2013
| Sector |
Listings |
Sales |
S/L Ratio |
Avg. sale price |
| Northside |
50 |
30 |
60% |
$223,888 |
| Southside |
68 |
54 |
79% |
$280,951 |
| Westside |
120 |
75 |
62% |
$297,766 |
Year to date 2013
| Sector |
Listings |
Sales |
S/L Ratio |
Avg. sale price |
| Northside |
344 |
172 |
50% |
$217,246 |
| Southside |
455 |
243 |
53% |
$269,766 |
| Westside |
745 |
376 |
50% |
$285,559 |
There are a few things to note from these statistics:
- The number of listings on the Westside and Northside increased significantly last month compared to June 2013. The number of units sold, on the other hand, went up for only the Westside.
- The ratio of houses listed to houses sold increased for the Southside and Westside, but dropped slightly for the Northside.
- House prices increased over the last year for the Southside, but dropped for the other two sectors. That being said, year-to-date prices have increased for all three areas of the city compared to this same point in 2013.
- Listings and sales were up for single-family detached homes, townhomes, and mobile homes compared to June 2013.
- The number of half duplexes and other medium-density housing options listed last month were stable or slightly lower.
- For all housing types except half duplexes, the time between listing and selling had reduced, meaning properties sold more quickly.
- Total units listed were up by 7%.
So what does it all mean?
It means it’s still a great time to buy a house! There is a solid inventory of homes on the market, even more than last June. That being said, more sold, too, and the number sold to the number listed is up slightly, meaning that homes are more likely to sell now than they did last year. Plus, they’re selling more quickly, too. Home prices are still pretty stable, so it’s a perfect time to get in before prices go up.
Contact Mortgage Design Group today to talk about how we can help you get into the house you want.
