Written by Ric Swihart
Friday, 08 January 2010
While major Canadian cities showed significant increases in the real estate market in 2009, they had much further to recover after the boom times two and three years ago compared with southern Alberta, says a local official.
Audrey King, president of the Association of Lethbridge and District Realtors, said listings and sales in Lethbridge through realtors were down about two per cent through Dec. 31, 2009 from a year earlier.
Lethbridge realtors sold 1,169 homes in 2009. They also sold 250 condominiums. In the year, 1,839 homes were listed for sale.
The 2009 southern Alberta figures, which include country residential and farms, were sales of 2,355 properties with 5,304 listed in the year. That compares to 2,575 sales to Dec. 31, 2008 and listings of 6,219.
Nationally, house prices appreciated late in 2009 with the fourth quarter price average surpassing averages from the same quarter in 2008.
