Market Update & Canmore's Year End Stats
In December 2022 we saw 31 new sales and only 16 new listings. While many were concerned the market would crash and prices would plummet, Canmore held strong and reinforced confidence in the strength of our market. Fewer listings available brought fewer sales each month but sale prices were just 1.5% less than the asking prices over the course of December. The average sale price for a single family home jumped to $1,739,500 and the average residential benchmark price increased by an impressive 14.1% from 2021 to 2022.
With only 69 active listings available in Canmore as of 10am January 16th, our niche market continues to thrive and provide success for buyers and sellers alike.
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