Newsletter

CANMORE MARKET UPDATE

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.

HOW TO SELL A HOME IN AUTUMN

September and October are great months to sell a property in Canmore. Families have returned from summer vacations and are settled into more routine schedules, and the holidays aren’t yet upon us. Here are some tips to help attract the autumn home buyer:

Clean up the Yard – Rake dead leaves and debris. Cut away any dead flowers or vegetation around the exterior of the house.

Make the Views Sparkle – Canmore is ALL about the views and windows easily become streaked with our mix of dust, rain and wind. Remove screens and spray them down, and make sure your windows are clean.

Check the Furnace and HVAC – You want the air inside your home to smell fresh. When was the last time you changed your furnace filter and cleaned your HVAC filter? Summer pollens and dust can clog up your HVAC filter.

Fireplace Prep – If you have a wood burning fireplace, put some logs in to show it prepped and ready for the buyer’s imagination of cozying up in front of the fire. If you have a gas fireplace, make sure the pilot light is on. Buyers love to turn on a gas fireplace when they’re house hunting, primarily to see if it works okay, but it also is an instant ambiance setter, especially on a cooler day.

Canmore Market Update

Sales in Canmore in July ramped up considerably compared to June, with a total of 51 sales (plus 5 fractional) in July compared to only 35 sales in June. July 2019 was also considerably busier than 2018, which saw only 39 sales. In the upper end of the market, sales over $1,000,000 lagged last month, with only 4 sales. The smaller number of sales in the upper end of the market, resulted in a drop in average sale price in July to $703,554 down just over $100,000 from June 2019’s average sale price of $809,861.

There were 76 new listings brought to market in July, with our current total inventory being 239 properties, plus an additional 7 fractional property listings. Selection of properties in the upper end of the market, priced from $1,5000,000 and up, is abundant with 42 listings in this price range. With only 4 sales in July over $1,000,000 compared to 9 in July of 2018, and only one sale over $2,000,000, absorption rates for higher end properties have been noticeably slower. The highest sale in July was a Silvertip property which sold for $2,525,000.

Bears By Matthew MacKenzie

August 22, 2019, 7:30 pm – 9:00 pm  | A Punctuate! Theatre production In association with Alberta Aboriginal Performing Arts/Dreamspeakers

Written in Canmore and making it’s triumphant return to artsPlace, Bears is the winner of multiple awards including Toronto’s Dora awards for Outstanding New Play and Outstanding Production in the independent theatre division, co-winner of the Toronto Theatre Critics Outstanding New Canadian Play Award and the Playwright Guild of Canada’s Carol Bolt National Playwriting Award.

A blend of chase story, identity search, ode to Indigenous spirituality, dark comedy, interdisciplinary spectacle, and eco-activist plea” – The Georgia Straight

“***** Packed with the same adrenaline rush you’d get from a sprint. And like any run, Bears will leave you breathless.” – Now Magazine, Toronto

More Information

Canmore Market Update

The June market was a quieter month than the earlier Spring months, with a total of 35 sales (plus 3 fractional). June did experience a bit more activity in the $800,000 to a $1,000,000 range than we’ve been seeing in past months and had seven sales over $1,000,000. Four of the seven sales were between $1,100,000 and $1,3000,000. The other three sales were between $1,510,000 and $1,640,000 which was the highest sale in June.

The average sale price for June 2019 was $809,861, up approximately $30,000 from last month’s average sale price of $778,795. There were 81 new listings in June and our current total inventory is 244 properties, plus an additional 10 fractional ownership listings. There is quite a bit of selection in properties over $2,000,000 in Canmore at present, with 16 properties listed for sale over this price point.

Year to date in 2019 has been quite similar to total sales number for 2018 over the same time period, with 2019 having slightly more sales with 264 (plus 7 fractional). The first two quarters of 2018 saw 248 sales (plus 5 fractional). There have been stronger sales numbers over $1,000,000 this year with 48 transactions, compared to 37 in 2018. This has contributed to a higher average sale price in 2019 of $737,867, compared to $696,601 in 2018.

CANMORE MARKET UPDATE

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.