Sales in Canmore in August were on par with 2018 sales, with a total of 41 sales (plus 2 fractional) in August keeping with August 2018’s total of 41 sales (plus 1 fractional). There was much more activity in the upper end of the market this August however, which bolstered the average sale price to $812,395 compared to August 2018’s average sale price of $626,648 (highest sale price last August was $1,325,000 so resulted in a particularly low average sale price), and July 2019’s average sale price of $703,554.

There were 9 sales over $1,000,000 in August, more than double the number of sales in July which saw only 4 sales over $1,000.000. Of these 9 sales, 2 properties were sales over $2,000,000. A new record was set in August for the highest sale of a redevelopment 4-plex lot in South Canmore, selling for $1,351,000. A new record was also set in South Canmore this past month for the highest sale of a duplex property which sold for $1,670,000. This 4 bedroom property is 2468 square feet which results in a sale price breakdown of $676.66/SF.

Current listing inventory in Canmore is 237 listings, plus an additional 7 fractional property listings. 65 new listings were brought to market in August. There are 162 active listings priced up to $1,000,000, 69 listings priced between $1,000,000 and $2,000,000, and 14 listings for sale over $2,000,000.