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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.

MARKET WATCH

SEPTEMBER 2019

Changes are calculated comparing September 2019 to September 2018

Sales over $1M: 9
Highest sale in June: $1,795,000

SEPTEMBER 2018

OCTOBER 2019

Changes are calculated comparing September 2019 to September 2018

Sales over $1M: 11
Sales over $2M: 1
Highest sale $2,450,000 (next highest sale was $1,402,400)

OCTOBER 2018

Happy Canada Day!!

If you’re in Canmore, there’s lots of celebrating & fun to enjoy:

– the Canmore Rotary/Calgary Stampede Pancake Breakfast at Centennial Park, 8am – 11am
– Main Street Parade, 12pm – 1pm
– Party in the Street, Main Street, 1:30 – 4:30pm
– Fireworks in Millennium Park, 10:30pm

Market Update

November 2018 was down in volume from last year with 5 fewer sales for the month than in 2017, however the average sale price was substantially higher. Last month’s average sale price was skewed higher as there were a number of sales in the $1,200,000 to $1,600,000 range as well as 2 sales over $2,000,000. November 2017 comparatively had no sales over $2,000,000 and only 2 sales over $1,000,000 leading to a much lower figure for average sale price at that time.

The 2 sales that transpired over $2,000,000 last month were both estate homes in Silvertip. Both properties had been on the market for considerable periods of time, well over a year in both instances.

Our current inventory remains low with 185 active listings on the market.

FABULOUS FESTIVE COCKTAIL – THE POMEGRANATE ROSEMARY SPRITZER

INGREDIENTS

  • 1 bottle prosecco
  • 2 ounces peach schnapps
  • 4 teaspoons fresh squeezed lemon juice
  • 4 ounces pom juice
  • 1 small bottle mango flavored soda water
  • 6-8 sprigs rosemary
  • 1 fresh pomegranate
  • .5 cup sugar
  • 1 cup water

INSTRUCTIONS

  • Add 1 cup of water to a small pan with 2-3 sprigs of rosemary, bring to a boil.
  • Add sugar to boiling water and stir until sugar dissolves.
  • Remove from heat, strain rosemary leaves and set to cool.
  • Clean and de-seed pomegranate. Set seeds aside.
  • Pour Prosecco evenly into 4 cocktail glasses.
  • Add .5 ounces of peach schnapps, .5 ounces rosemary simple syrup, 1 teaspoon lemon juice, 1 ounce pom juice and a splash of mango soda water to each glass and stir.
  • Add 1 tablespoon of pomegranate seeds to each glass.
  • Allow the pomegranate seeds time to float to the top of the glass and garnish with 1 sprig of rosemary.

NOTES

Best if made with chilled prosecco and peach schnapps, or with 1 – 2 ice cubes if needed.
Recipe & photo courtesy of ahouseinthehills.com

Coming to Market – Stunning 3 Bedroom Home in South Canmore!

Rare location on 1st Street, backing onto Millennium Park!

Offered at $1,750,000
2389 Square Feet
3 bedrooms / 2.5 baths
Breathtaking mountain views from every window
Beautifully designed floor plan
2-car attached garage
Custom built by Koronko Custom Homes

Vaulted ceilings & soaring windows bring the picturesque beauty of nature inside, in this lovingly cared for home.

The spacious kitchen provides ample space for all your culinary adventures & features more spectacular views!

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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.

Coming to Market – Two fabulous opportunities in Three Sisters!

Highly desirable locations!

Trailside Lodges – Offered at $534,000
1000 SF approx. (RMS measurements to come)
1 bed + den / 2 baths
Owner’s Clubhouse

Open concept living with gorgeous unobstructed mountain views
Den easily used as second bedroom
Underground parking

Your perfect mountain retreat! Interior photos to come. This lovingly cared for property offers walk-out ability to nature & trails!

Spectacular views from the patio!

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Rare Piece of Canmore History for Sale!

Historic log cabin meets modern day Canmore living! Tucked away in a charming spot along the creek & surrounded by lodge pole pines, this historic property is just a stone’s throw from Main Street.

Originally this property was a log cabin built in 1957 for John Lee Laurie by the Stoney Nakoda First Nations. Laurie was an educator and First Nations activist, promoting the causes of Alberta Native peoples.

In 2007, a 1750 square foot addition was constructed around the original log cabin, modernizing the property while preserving the historical features and original character.

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Canmore Folk Festival – August 4 – 6, 2018

Enjoy great live music in the incredible setting of the stunning Rocky Mountains at the Canmore Folk Music Festival, August 4 – 6, 2018 in Centennial Park. Over 30 performers will be taking the stage over the Heritage Day long weekend in Canmore. Running since 1978, this is the longest running folk music festival in AlbertaThe Canmore Folk Music Festival. In addition to folk music, musicians will be performing blues, roots, as well as world music. There will be fun for the whole family with a great kids’ area featuring a climbing wall, storytelling, puppets, crafts & more.

Tickets are available online and include day passes, weekend passes as well as family passes.