February Canmore Real Estate News from Louise Fuller

Sales of Canmore Real Estate for the month of January 2014 are as follows:

Single family: 4 sales, average sale price $749,625, average days on market 121 (DOM).

Half duplex: 3 sales, average sale price $817,166, average days on market 116 (DOM).

Townhouse: 7 sales, average sale price $736,197, average days on market 25 (DOM).

Apartment: 5 sales, average sale price $413,400, average days on market 80(DOM).

Lots: 0 sales.

February Statistics Canmore

 

220 – 107 Montane Road

220 - 107 Montane Road
All options, residential and/or rental

Fantastic 2 bedroom condo in the heart of Canmore. This spacious and bright corner unit is located on the 2nd floor. Can be lived in full time or rented out…no time restrictions! Features include: Granite counter tops, heated tiled floors in kitchen and bathroom, gas fireplace, south facing living room, barbeque balcony, heated underground parking, heated outdoor pool, hot tub, exercise room. Close to shopping, restaurants. Condo fees gas heating. Unit has not been in rental pool with current owner. Residential taxes $1244/2013.

Listings remain down in Calgary resale housing market

Pressure on prices which continue to rise

By Mario Toneguzzi,

Pressure on prices in Calgary’s resale housing market continued in January as MLS listings remained at lower levels compared with a year ago.

According to the Calgary Real Estate Board, new listings of 2,393 for the month were down 4.01 per cent from January 2013 and active listings were off by 18.16 per cent to 2,524.

With sales growing by 17.17 per cent to 1,440, that help spike prices to record levels for the month.

CREB said the median price jumped by 6.71 per cent to $417,250 while the average MLS sale price rose by 5.09 per cent to $462,168. The board, in releasing its official statistics on Monday, said the overall benchmark price in the city, which if what it calls typical property sales, rose by 9.46 per cent to $429,100.

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Calgary resale housing market gaining steam

24 consecutive months of year-over-year price gains

By Mario Toneguzzi, Calgary Herald January 31, 2014

The momentum in Calgary’s resale housing market continued to gain steam in January with increasing MLS sales and prices reaching record levels.

The hot city residential real estate market will register in January its 24th consecutive month of year-over-year average MLS price growth as well as the 10th consecutive month of year-over-year sales growth.

Sales in January will be the highest for the month since 2008.

It will also set a record for the average sale price and the median price for the month of January. Also, earlier this week, the market surpassed the previous January record of 36 luxury home sales of over $1 million set in 2007.

“Calgary’s real estate market is on track for solid growth once again this year, continuing the trend that has prevailed over the past 24 months,” said Stephanie Barber, a realtor with Discover Real Estate in the city. “I expect the number of home sales will continue to grow in 2014 given that the outlook for the jobs sector is to remain vibrant and Calgary’s population is forecast to increase by roughly two per cent.

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