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...