Fireworks in Canmore

Fireworks in Canmore on Canada day. Sales are up 32% in the mountain town.

Sales are up 32% in the mountain town.

More recreational buyers are driving up the demand for Canmore property. Sales in the mountain town are up 32% so far this year. There are currently only 229 properties for sale in Canmore which is very low inventory and a drastic change from the depths of the recession felt in Canmore, when there were 400-500 listings on the market at any given time.

The iconic three sisters which overlook Canmore

The iconic three sisters which overlook Canmore

Canmore realtor Jessica Stoner reports:

“The Canmore real estate market is strong and very active.   It is not what many expected. It was  assumed the market sales volume would slow down as we recovered from the flood. It was also assumed that buyers would be shy about buying after such a powerful and damaging display by mother nature, knowing she can get out of our control at times.

However, the buyer’s market has made its intentions clear. Canmore is an ever popular destination and buyers are buying.”

Prices are very similar to last year’s, but as Stoner says, “Should these higher sales volumes continue, it is likely we will start to see price appreciation across the board  in Canmore in the remainder of 2013.”

Canmore average prices Jan – Aug 2013:

Single family homes $781,000

Townhouse-duplex $582,000

Condo $374,000

Hotel condo $167,000

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s