Newsletter

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

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

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