Terrace

The neighbourhood of Terrace began developing in the 2000’s.  It sits above the lower Ranchlands neighbourhood.  It’s location offers quick access to the Family Leisure Centre, Medicine Hat Golf Course, Police Point Park and Medicine Hat’s extensive trail system.  Single family dwellings along with some mid-rise condos and multi-family home options make up this neighbourhood.  Many of the homes enjoy great views of the iconic Medicine Hat cliffs.  One recently developed elementary school is found in this neighbourhood.

AGE of DEVELOPMENT

2000’s to Present

Medicine Hat Real Estate Board Statistics – 2019

Number of Homes Sold by Category
  • Single Family Detached
  • Half Duplex
  • Townhouse
  • Apartment
Number of Homes Sold by Price
  • $100,000-$200,000
  • $200,000-$300,000
  • $300,000-$400,000
  • $400,000-$500,000
  • $500,000-$600,000
  • $600,000-$700,000
Average Days on Market: 92

Residential Single Family – 97

Residential Condo – 73

Residential Mobile – 0

Average Sale Price: $338,766

Residential Single Family – $355,635

Residential Condo – $265,667

Residential Mobile – 0

Number of Sales: 32

Residential Single Family – 26

Residential Condo – 6

Residential Mobile – 0