Canmore Real Estate News from Louise Fuller

by Louise Fuller

Canmore Real Estate Sales for October are as follows:

Single family: 5 sales, average sale price $1,301,000, average days on market 172 (DOM).

Half duplex: 6 sales, average sale price $822,166, average days on market 90 (DOM).

Townhouse: 12 sales, average sale price $469,333, average days on market 101 (DOM).

Apartment: 15 sales, average sale price $477,566, average days on market 97 (DOM).

Lots: 1 sale, average sale price $520,000, average days on market1 (DOM).

(please remember these are averages only)

Canmore Real Estate Graph

Luxury home sales strong outside Calgary

But growth not as high as the city

The pace of luxury home sales outside Calgary are strong this year but not as active as what’s been happening in the city where the market is setting records at a torrid clip.

Rachelle Starnes, realtor with Royal LePage Foothills, sold a Bearspaw home just this week for just under $3 million.

Calgary area housing market has best price growth expectation

7% and higher forecast for year-over-year hike in short-term

Calgary and area is forecast to lead the country in short-term year-over-year price growth in the housing market, according to a report released Friday by the Conference Board of Canada.

The report said prices in the Calgary region are expected to rise by seven per cent or more.

The board’s report said Calgary is now in a sellers’ market.

The board said the seasonally-adjusted annual rate of sales in Calgary of 33,264 in August was up 6.3 per cent from the previous month and a 26.3 per cent hike from a year ago.

 

 

 

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