June 2018 set a new record for the second highest single family resale ever in our town, with a home selling for $4,139,000. The 7,236 SF property was a custom, 8 bedroom home built in 1998 located in the Homesteads community, along the banks of the Bow River. Privately positioned on a 3/4 acre lot, the lodge style home was purchased by an Alberta resident, and part time Canmorite, who has owned property in Canmore for a number of years.
This sale marks the fourth sale over $2M so far in 2018, keeping us on track with luxury sales for 2017, which over the same period, also saw four sales over $2M.
With the first half of the year complete, we are seeing a very similar market to the first half of 2017. In terms of sales volume, 2018 year to date is near par with 2017, having nine less total sales transaction than the first half of 2017. This period of 2018 has had a slightly higher average sales price of $691,849, up 3.5% from last year’s average price for the same period.