Monday, November 15, 2021
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Lethbridge real estate market sees 14% sales surge in July

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Just like a surge across the country, real estate sales in Lethbridge have been red hot in recent weeks.

Cathy Maxwell with the Lethbridge and District Association of Realtors (LDAR) says agents here have been very busy since early July. “Our stats for July are coming in 14% above year-over-year numbers. That’s a good number.”

Maxwell says the downside though is because of a slow down in the spring due to the health pandemic, sales in Lethbridge and area are up only 1% over last year at this time. “We did lose some deals at the beginning of COVID. July was busy, but it isn’t enough to make a huge difference year-over-year.”

The average selling price for a home right now is stable at $285,000.

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Maxwell notes there is roughly three-and-a-months worth of inventory on the local market right now (as of July). She says that’s pretty low, pointing to it being more of a seller’s market.

With the way July went and the current market conditions, Maxwell is confident Lethbridge relators will see a fairly good August and September. However, given the COVID-19 pandemic, it’s anyone’s guess as to how things will look beyond that.

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Patrick Siedlecki

Pat has been a mainstay in the CJOC News department from the time the station launched in 2007. He’s been in the position of News Director since then and has been anchoring daily news casts as well as reporting and working behind the scenes.

Community is important to him and keeping CJOC listeners and readers informed about what’s happening across southern Alberta and beyond.

Pat has been in radio broadcasting for the past 24 years, starting in Port Alberni on Vancouver Island in 1997 and then moving up island to Nanaimo for another few years before heading to Lethbridge in 2007.

Pat grew up in the small Saskatchewan farming town of Foam Lake. After high school, he went to Western Academy Broadcasting College (WABC) in Saskatoon prior to moving to the island.

Pat also spent several years broadcasting hockey in the BCHL as well as seven years as the radio voice of the Lethbridge Hurricanes in the WHL.

Pat has been working at Cornerstone Funeral Home in Lethbridge as a Certified Life Celebrant and Funeral Assistant since 2016.

News and sports have always been Pat’s passion from the time he was a teenager and he’s always been grateful to have had the opportunity to make that part of what’s been a fun and long radio career!

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