Canmore Market Update

The real estate market for the first three quarters of 2018 has remained in very close keeping with 2017 over the same period, with a 4% lower total volume of sales and an average sale price increase from 2017 of 4.6%. The average sale price increase is somewhat impacted however, by a few larger sales that have transpired in 2018; one at $3,355,000 and the other at $4,139,000. During this period in 2017, the highest sale price was $2,850,000.

Current inventory levels remain low, with 177 active listings, 10 of which are hotel condos. There continues to be a strong demand for land in South Canmore, with competing offers on lots in desirable locations.