May 2019 was another strong month for Canmore real estate. There were a total of 54 sales (plus two fractional). Similar to last month, the majority of the sales activity has been below the $800,000 mark but May also had 14 sales over $1,000,000 compared to 8 sales in April over $1,000,000. 12 of the 14 sales over $1,000,000 sold between $1,000,000 and $1,400,0000, with one sale at $1,580,000 in Larch and one sale at $2,685,000 in Silvertip.
The average sale price for May 2019 was $778,795. This number was boosted from the larger number of sales over $1,000,000 than we typically average in a month. There were 89 new listings in May, with the majority of the new listings located in Three Sisters. Current inventory levels overall remain low at 232 listings, however this is the first time we’ve had numbers over 200 in many months, so it’s nice to see a little more selection for home hunters.