Canmore Market Update

The Fall market in Canmore has been quite active with both September and October seeing an above number of transactions for this time of year. September had a total of 47 sales and October 53 sales, pus 4 fractional purchases. The busiest sectors of the market were for properties priced between $350,000 and $850,000. We also saw a decent number of property purchases between $1,000,0000 and $1,350,000. The upper end of the market was quiet with only three sales over $1,500,000, including one sale over $2,000,000, which was a luxury home in Silvertip that sold for $2,450,000.

The average sale price for September 2019 was $690,838, significantly lower than both August and October’s average sale price, in part due to a large number of hotel condo sales that transacted between $350,000 and $500,000. There were 9 sales over $1,000,000 with the highest sale being $1,795,000.

The average sale price for October 2019 was $799,332 with 11 sales over $1,000,000, including the sale in Silvertip for $2,450,000.

There were 64 new listings in September and 58 in October. Our current total inventory is 215 properties, with a large supply in the upper end of the market – 38 listings priced over $1,500,000.