Found 4 blog entries tagged as market update.

Why List Now?

  1. INVENTORY IS AT AN ALL TIME LOW! Less inventory means less competition and more demand. With the right agents in behind you, capitalize on the opportunity to make your home stand out.
  2. Majority of buyers in our market are SEASONED BUYERS looking for a 2nd home or weekend retreat. They aren't worried about a few extra points on their interest rates and are willing to pay the price to own in our beautiful Rocky Mountain town.
  3. GET TOP DOLLAR FOR YOUR HOME! No one knows your home better than you. The unique experience and lifestyle your home offers is a valuable image to paint when listing your home. With our cutting edge marketing plan, little competition, and new buyers entering the market with new investment goals in mind, get the…

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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. 

Pre-Construction…

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The housing crisis across the nation keeps making headlines but few are talking about the safe haven that is Canmore. As seen in previous times of rising rates, real estate in Canmore holds steady when the economy ebbs and flows. Why? Because buyers here are seeking something different – and Canmore delivers. Let’s take a closer look at why buying in Canmore is a smart choice when interest and inflation rise.


Not Your Typical City

Major cities in Canada are designed to draw and hold a young and active working crowd. They are full of developments with starter homes, duplexes and single family dwellings. These developments are close to major commuter routes, big box retail complexes and grocery stores. The whole idea is to be convenient for work,…

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The trend of people moving out of cities and settling in areas more conducive with work/life balance and natural living has drastically increased due to COVID-19. The ability (and necessity) to work remotely has allowed homeowners the flexibility to center their property search on lifestyle rather than on proximity to work. And nowhere is a natural, balanced, optimal lifestyle more prevalent than Canmore, Alberta.


The market in Canmore

The median closing house price in Canmore hit $1.27 million in September 2020, a jump of 16 per cent over September 2019. Condo closings are doing just as well, with a median price of $583,000 and holding steady at a 16 per cent increase year after year.


The current Canmore market is ripe for those looking to…

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