The Canmore Real Estate Market – First quarter of 2020 and Outlook

  



1st Quarter 2019

1st Quarter 2020

Average number of listings


168

210 (+25%)

Average list price


987,000

1,089,000 (+10%)

Number of Sales


99

93 (-6%)

Average sale prices


731,000

738,000 (+1%)




 

March 2019

March 2020

Average number of listings


172

215 (+25%)

Average list price


969,000

1,095,000 (+13%)

Number of Sales


44

27 (-39%)

Average sale prices


755,000

771,000 (+2%)



The average Number of Listings in the first quarter of 2020 as compared to 2019 is up by 25%. However March listings are also up by only 25%. >>>> That’s in the average…..there is no further increase of listings as of now. (Note that there are 4 times as many hotel condos listed in the first quarter of 2020 then there were listed in 2019.)


The average List Price of the first quarter of 2020 over the same period in 2019 was up by 10%. The average list price for March was up 13%. >>>> We have not seen...

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