Somewhat of a lack-lustre start to the Lethbridge market this January. Sales of single family homes were down 9% over January of last year and new listings were down a surprising 38% year over year. The average sale price of those single family homes however is up 2% to $286,729.00. The total number of listings (of all segments) is down 25% from 303 last year to 228. Still, the general consensus around the office here is one of an increased level of "activity" over this time last year leading to a generally positive outlook among my colleagues for the coming year. With that in mind may I wish all of you even greater success for the coming year.
When is it time to talk to a REALTOR®?
Many people only see a doctor when they're sick or have some other health concern. On the other hand, some people visit a doctor regularly for check- ups, to ask questions and get advice, and to maintain good health. Which do you think is the better approach? Obviously, the second one! The same thing is true when it comes to real estate. Even if you have no current plans to buy or sell a home, there are many reasons to talk to a REALTOR® regularly in order to maintain your good "real estate" health. For example, you can:
• Get an assessment of the current market value of your home, so you can make an informed decision about whether to stay or move.
• Ask about the state of the local real estate market (which may be vastly different than what you hear on the national news.)
• Find out what homes are currently selling for in the area.
• Learn what's currently available on the market, especially in neighbourhoods you would like to live in and that are within your budget.
In fact, it's a good idea to have a chat with your REALTOR® once or twice a year, even if it's just to say hello. You want to build a relationship with a good REALTOR® who understands (and cares about) you and your needs. That way, when it does come time for you to make a move, you're dealing with a REALTOR® you already know and trust.
Don't have a good REALTOR®? Call Chuck today!
"The best time to plant a tree is 30 years ago, the second best time is NOW!" - Unknown