The month of November was fairly good for the Lethbridge real estate market as the number of sales for the month was up 48% from year ago levels.
The number of sales that took place in November was 158, compared to 107 in 2008. This makes 49 more sales in November 2009, than November 2008, with main reason being that the economy had been rooted in the recession by then.
The total sales dollar volume for November 2009 was $38,035,170, while in November 2008 the total sales dollar volume was $25,047,605; this shows an increase of 52% from the previous year.
It only goes to show that with the recession over, buyers are more confident in making larger purchases, which includes housing.
The total year to date sales dollar volume for 2009 is $553,721,350, while for 2008 the total year to date sales dollar volume is $611,911,834.
With the slow start we saw at the beginning of the year, it has hindered sales reaching year ago levels.
The year is on track to end with a slight decline compared to year ago levels, as it stands it suggests to be around 5% – 8%. The reason for this is that it is the holidays, and not many people will be willing to make larger purchases at the end of the year.
Heleen Jacobsen
Broker of Record with InfoMarket Group GMAC Real Estate
www.infomarketgroup.com
