If you live in The Crossings and you have not checked your HonestDoor Price lately, this is your nudge. The market here is sending mixed signals depending on whether you own a house or a condo - and the gap between the two stories is worth paying attention to.
Let us be straight with you. The house market in The Crossings is cooling off. The average sale price came in at $474,750 this period, down 10.3% from last month. Only 2 houses sold, which is down 33.3%, and homes are sitting on the market for an average of 63 days. Compare that to Copperwood next door where houses are moving in 47 days, and you get the picture - buyers here are taking their time.
That said, it is not all bad news. The two homes that did sell went for 100.02% of list price, meaning sellers are still holding firm on their numbers. The HonestDoor predicted market value for houses sits at $584,740, which is actually up from the 3-month moving average of $579,529. So while sales activity has slowed, underlying values are still creeping upward.
Here is where it gets interesting for us condo owners. While houses are slowing down, condos in The Crossings are quietly putting up strong numbers. The HonestDoor Price is up 3.31% to $382,932. The one condo that sold went for exactly list price at $379,900, and it was gone in just 19 days. That is fast.
The growth rank is the real headline here. Condos in The Crossings rank 2nd out of 43 comparable neighbourhoods in Lethbridge for growth. That is not a typo - we are near the top of the leaderboard. Price rank sits at 3rd out of 25, making our condos among the most expensive in the city. That is a strong position to be in.
Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know that condo values in The Crossings just jumped 3.31%. It does not know that house values are shifting right now. It is basically a photo of a market that has already moved on.
The HonestDoor Price is updated in real time using actual transaction data, current listings, and neighbourhood trends. For houses, that means a current read of $574,338 - not whatever number the city locked in last year. For condos, it is $382,932 and climbing. If you are making any financial decision - refinancing, selling, even just figuring out if your insurance coverage still makes sense - the HonestDoor Price is the number you want in your hand, not a government figure that is already stale.
Think of it this way: your neighbour's house sold last month. Your assessment does not know that. HonestDoor does.
If you own a house in The Crossings, the honest answer is: timing matters right now. Sales volume is down, days on market are stretching to 63 days, and the average sale price dipped hard this past month. That does not mean you cannot sell - the buyers who are out there are still paying full list price. But you need to price it right from day one. Overpricing in a slower market is how you end up with a stale listing that everyone starts to wonder about.
If you own a condo, the summer outlook looks noticeably better. You are sitting in the 2nd fastest-growing condo neighbourhood in Lethbridge. Condos here are selling in under 3 weeks and holding their price. If you have been on the fence, this is a reasonable window to move.
Either way, the first step is knowing what you actually have. Pull your HonestDoor Price, compare it to what is listed nearby, and you will have a much clearer picture before you call an agent or make any decisions. That is just good homework.
This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.