September Canmore Real Estate News

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

Single family:4 sales, average sale price $903,375, average days on market 55(DOM).

Half duplex: 2 sale, average sale price $798,700, average days on market 50 (DOM).

Townhouse: 14 sales, average sale price $598,411, average days on market 59 (DOM).

Apartment: 13 sales, average sale price $411,155, average days on market 97(DOM).

Lots: 0 sales.

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Here are few articles you may be interested in.


Calgary Repeat Homes Sales Top Canadian Price Growth

Prices up nearly 8% from last year

By Mario Toneguzzi, Calgary Herald September 12, 2014

CALGARY – Calgary led the country in August with the highest year-over-year price growth for repeat home sales, according to the Teranet-National Bank National Composite House Price Index released on Friday.

Calgary prices rose by 7.9 per cent from last year compared with 5.0 per cent growth nationally in the 11 markets surveyed.

The index is estimated by tracking observed or registered home prices over time using data collected from public land registries. All dwellings that have been sold at least twice are considered in the calculation of the index.

The countrywide average was exceeded in Calgary, Toronto and Hamilton (6.7 per cent) and Vancouver (6.1 per cent).

“Unsurprisingly, the resale market in these four urban areas is balanced or even tight,” said Marc Pinsonneault, senior economist with the National Bank of Canada.

 

Calgary Luxury Home Sales On Record Pace

Every month this year has set a new peak for MLS transactions

By Mario Toneguzzi, Calgary Herald September 4, 2014

CALGARY – The appetite for luxury homes in Calgary continues to be very strong as another MLS sales record was established in August.

According to the Calgary Real Estate Board, there were 69 properties that sold for $1-million or more during the month, eclipsing the previous monthly high of 64 set last year.

Each month this year has established a record for luxury home sales.

Year-to-date, there have been 611 luxury home sales until the end of August compared with 522 for the same period last year. The all-time peak for annual sales at the $1-million plus level was in 2013 with 726 MLS transactions.

“Bolstered by the city’s thriving economy, the strength of its oil and gas sectors, low unemployment rates, high average net incomes and strong net migration, the market for high-end homes continued its upward trajectory with single-family home sales up 19 per cent and attached home sales up 21 per cent year-over-year,” said Sotheby’s International Realty Canada’s Top-Tier Real Estate Report for the first half of the year, which was released on Thursday.

 

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