Monday, November 15, 2021
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No slowing down in Lethbridge’s red hot real estate market

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LETHBRIDGE, AB – It appears the real estate market in this city may be hotter than the weather.

We’ve seen record sales for over a year now and it doesn’t appear as if it’s going to slow down anytime soon.

Cathy Maxwell with the Lethbridge and District Association of Realtors says compared to the first six month of 2020, sales during the same time this year are up a whopping 38%. That’s a new record high for Lethbridge.

“Houses, I mean not all, but many are gone with a day or two and with multiple offers. It’s an interesting time,” says Maxwelll.

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If you are looking for a new place to live there’s not a lot to choose from in general with only about two months worth of inventory right now. With that, Lethbridge remains very much a seller’s market.

The dollar amount sold so far in the first six month of 2021 is off the charts. Over $615 million in sales, compared to roughly $330 million in 2020. Maxwell calls these numbers astounding.

As for how the rest of the year is going to play out, that’s anyone’s guess. Maxwell though expects this hot market will continue for a while yet, driven in part by low interest rates and people’s general desire to get going with life as the COVID-19 situation has drastically improved and things are getting back to normal.

The price for a home in Lethbridge has also gone up about 7% year-to-date, with the average now at around $323,000.

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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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