News & Market Updates

Canmore Real Estate NewsGram - August/September 2019

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Year to Date Sale Numbers up 14%

We hope that you have been enjoying your summer. After a tough start weather wise Canmore and Banff are enjoying long warm days, perfect for all your mountain adventures. 2019 has continued to be very strong with year to date number of sales being 14% higher than last year, and 9% higher than July 2017.

Our listing inventory is rising which can be typical for this time of year, but we are seeing the majority of this increase in the Single Family Homes and Townhomes. Residential Apartments and Hotel Condo inventory is low, and staying quite stable.

The reports are coming in for the Hotel Condo market and it looks like this summer is going to be very strong again. While it is hard to view these properties through the summer it can be a good time to get your groundwork done so you can act when the time is right.

The local market is continuing to be very completive with some multiple offer situations occurring for the most coveted options. Typically the local market picks up in Fall as many local Bow Valley Residents along with Albertans can take their eyes off of their work a little to make some plans before Winter.

Contact us to determine when properties are available to be viewed. Please let us know if you would like a valuation on your Bow Valley property, you might be surprised, as values have continued to rise.

The graph above shows the rolling one year average sales price for all Banff and Canmore property types (single family, duplex, townhouse, apartment, hotel condo & lots) from 2016 - 2019 (August 1 - July 31).

Click the link for the full NewsGram! August/September 2019 NewsGram

Categories: Real Estate News, Local News, Market Trends, Mortgage, Tips & Resources

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Jordy Shepherd

Realtors ®