Local real estate market in good shape by 2021

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By COLLIN GALLANT on December 17, 2021.

Home sales continued through November, according to the latest figures released by the Medicine Hat Real Estate Board – news photo

[email protected]@CollinGallant

The Medicine Hat real estate market ends strong until 2021 after a record start to the year that ebbed over the summer.

Figures for November show the highest number of residential sales for the month, which is generally slower, going back 10 years.

A total of 125 closings during the month, a quarter more than the 10-year average and 20 more than the next best year, 2020.

All of this at a generally slower time of year for residential transactions, similar to the early winter months, but which in 2021 saw the Medicine Hat market set record months of January through May.

Over 11 months, the average selling price of a single-family home in Medicine Hat and surrounding areas increased 6% to $ 341,000.

This follows an 8% increase in 2020.

Semi-detached house prices were even around $ 282,646, townhouses were up 3% to $ 205,300, and apartment complex prices saw the biggest increase at 12% to 186,400. $ per unit.

Total residential category revenue over 11 months is $ 490.4 million, compared to $ 363.4 million for all of 2020.



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