A Real Estate Review of January 2014

The Real Estate Market in Canmore is finally stable!Stable Real Estate

The underlying current is definitely positive now! This is a welcome sign after a challenging few years for both buyers and sellers.

Prices are slowly moving up… new listings are beginning to appear but competitively priced ones are not lasting long.  There is still limited inventory which has been a factor is keeping the trend moving upward.

Here is a review of ACTIVE listings at the end of the first week of February

Total ACTIVE 193
Single family, 40 – ranging $520,000 to $12,700,000.  Average $1,500,000  (1 conditional)
Half duplex, 19 – ranging $469,000-$1,399,000.  Average $916,000 (2 conditional)
Townhouse, 39  – ranging $264,000 – $1,150,000.  Average $700,000 (7 conditional )
Apartment, 51 – $169,000 – $1,795,000 av $531,000 (7 conditional)
Full duplex, 1 – $615,000
Manufactured, 1 – $449,000
Lots, 11 – ranging $598,000 – $1,750,000 average $870,000
Hotel/condo (visitor accommodation including quarter ownership) $39,000-$459,000   Av $216,500   (3 conditional).

Here is a review of SOLD listings at the end of the first week of February

SOLD for January 2014
Single family, 4 – average sale price $750,000
Duplex, 3 – average sale price $820,000
Townhouse, 7 – average sale price $740,000
Apartment, 5 – average sale price $415,000
Hotel/condo, 3 – average sale price $210,000

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