Last week, Lethbridge and District Association of REALTORS issued their MLS Statistic Report for last month. Here are some highlights from that report.
May 2014
| Sector |
Listings |
Sales |
S/L Ratio |
Avg. sale price |
| Northside |
59 |
56 |
94% |
$224,472 |
| Southside |
87 |
54 |
62% |
$287,588 |
| Westside |
142 |
89 |
62% |
$294,199 |
Year to date 2014
| Sector |
Listings |
Sales |
S/L Ratio |
Avg. sale price |
| Northside |
302 |
152 |
53% |
$224,332 |
| Southside |
340 |
197 |
57% |
$278,644 |
| Westside |
597 |
259 |
45% |
$290,758 |
May 2013
| Sector |
Listings |
Sales |
S/L Ratio |
Avg. sale price |
| Northside |
56 |
27 |
48% |
$224,350 |
| Southside |
84 |
39 |
46% |
$255,987 |
| Westside |
98 |
53 |
54% |
$281,787 |
Year to date 2013
| Sector |
Listings |
Sales |
S/L Ratio |
Avg. sale price |
| Northside |
294 |
142 |
48% |
$215,843 |
| Southside |
223 |
87 |
39% |
$266,570 |
| Westside |
376 |
157 |
41% |
$282,517 |
There are a few things to note from these statistics:
- The number of listings on the Westside increased significantly last month compared to May 2013 and compared to the other two sectors. As well, the number of units sold also went up. In fact, the rate of houses sold to houses listed also went up.
- Although North Lethbridge listings stayed roughly the same as this time last year, the number sold has nearly doubled. In fact, the same number listed almost equalled the number sold, the best showing of all three sectors.
- Southside listings and listings were both up, as was the S/L ratio.
- Overall, the market was fairly strong in all three areas of the city.
- Home prices have increased both in year-to-date and month measurement over 2013 in all sectors. Northside home prices have increase only marginally, but average home prices in the other two sectors saw significant increases.
As far as housing types go, listings and sales were up compared to May 2013, except for mobile homes and townhomes, which were each down slightly.
So what does it all mean?
It means it’s a great time to buy a house! There is a solid inventory of homes on the market and housing prices are rising slightly.
Contact Mortgage Design Group today to talk about how we can help you get into the house you want.
