Posts Tagged ‘Banff National Park’

Canmore real estate for August was yet another month of consistent sales throughout town with a total of 26 properties selling this month.  Read the rest of this entry »

Another month is in the books for Canmore real estate and again we had a consistent month of sales in town even with what I perceived to be a quieter month for showing activity. Read the rest of this entry »

Canmore Real Estate

Canmore real estate sales in April dropped from that of March 2010 although we still had a very healthy month in town.  The first two weeks of April started off very well with properties that had gone conditional at the end of March turning to firm sales within the first couple of weeks.  Showing activity remained strong through most of the month although dropped off a little in the last two weeks of the month.

The total number of sales in the Canmore real estate market for the month of April was 33 homes sold.  The Canmore properties that were sold in April were in the following categories:

Apartments = 8 sold at an average square foot price of $355

Half Duplexes = 2 sold at an average square foot price of $528

Lots / land = 2 sold

Recreational Property = 2 sold at an average square foot price of $307

Singe Family Homes = 10 sold at an average square foot price of $461

Town Homes = 8 sold at an average square foot price of $364

The average selling price for Canmore real estate in the month of April was $566, 701 which equaled $400 a square foot.  The square foot price for a property in Canmore has held strong in the $400 a square foot range now for several months and although a crude measurement for the price of property gives an indication of what Buyer’s are willing to pay in the market at this time.

At the time of this post on May 2nd the Conditional listings in Canmore real estate market total 9 for the first 2 days of the month and it’s too early at this stage of the month to hazard a guess as to how our month may shape up, although given the activity of sales in the last two weeks of April it doesn’t seem to show that the new mortgage rules that came in to effect April 19th have had much of an impact on the current market.

If you have any questions of comments on the Canmore real estate market please leave them on this post below or contact me directly.

As I mentioned in my mid-month post about the Canmore real estate market, it was nothing short of March Madness and the second half of the month didn’t disappoint.  In fact, my prediction of March being the busiest month of real estate since the peak market fell short by only 4 sales, so March, was officially the second busiest month just behind November 2009.

The sales in the Canmore real estate market broke down in the following way this month:

Apartments: 9 properties sold

Town homes: 11 properties sold

Four plexes: 2 properties sold

Half Duplexes: 5 properties sold

Single Family Homes: 15 properties sold

Manufactured Homes: 1 property sold

The average selling price for all real estate in Canmore for the month of March was $560,866 with an average square foot selling price of $404.  The average days on the market for the real estate that sold in Canmore in the month of March was 69 days.

March really was the first month we saw all properties, in all market segments, in all price ranges, sell fairly evenly. Buyer’s are still price conscious but are seeing value in the properties that are priced correctly and have shown this month that they are willing again to follow through and purchase the home they want when they believe the price to right.

Real estate in Canmore may have sold well this month, but the other side to the story is always the inventory levels.  Are we getting closer to a balanced market or moving further away from it.  March is typically a month where we see more than usual property enter the  market for sale, and this month was no different.  Our inventory levels at the beginning of the month were sitting around the 330 properties on the market in Canmore.  As of today, April 2nd, our inventory levels have risen to 365 active listings on the market.  this increase in inventory is the primary reason why I believe our prices will stay flat for the foreseeable future, playing in to the hand of Buyer’s until at least the end of the year.

107 Casale Place

Canmore Real Estate in January 2010 was a busy month, how busy? Compared to January 2009 our sales volume increased 250%.  The Canmore real estate market has, I believe, now settled into a steady sales pattern, averaging monthly sales between 20 and 20 properties a month for the past 3 quarters.

Canmore Real Estate in January occurred in the following categories:

Single Family Homes: 10 properties at an average sale price of $848,250 or $417 a square foot

Apartments: 7 properties at an average sale price of $347,214 or $377 a square foot

Townhomes: 4 properties at an average sale price of $650,625 or $359 a square foot

Half Dulexes: 2 properties at an average sale price of $746,250 or $368 a square foot

Four Plexes: 2 properties at an average sale price $547,375 or $425 a square foot

Recreational Condos: 1 property sold at a sale price of $266,700 or $320 a square foot

As a market as a whole the Canmore real estate market averaged a square foot price of $401 for the January sales.  Canmore real estate for February is off to another busy start with 11 properties currently conditionally sold for the month already and calls to look at property still high.  Look for February to equal if not surpass our January sales volumes.  As we move towards the end of February we should start to see more properties come on the active market as our ‘listing season’ starts to take form.  Our inventory on the market is still a little high and with listing season just around the corner this should keep pricing flat until at least the summer.

For all the properties sold in January see below.

Canmore Real Estate December Stats –