Canmore Real Estate Market, June 1st 2015
Canmore had 145 closed deals from January to May 2015 as compared to 207 in the same period in 2014. That is a 30% reduction in closed deals compared to last year.
The number of listings on the other hand increased from around 200 in January to 264 in June which is more than we saw during the year 2014.
While the average sales price of apartments was $399,000 in 2014, the average sales price from Jan-May 2015 was $369,000. Remarkable however, that the average price in 2015 increased constantly from 315,000 in January to 433,000 in May. Days on market reduced from 76 in 2014 to 56 in 2015. There is obviously a strong demand with very little supply for lower priced apartments and this drives prices for this kind of product.
While the average sales price of vacation properties was $214,000 in 2014, the average sales price from Jan-May 2015 was $218,000. Remarkable here that the average sales price decreased from March 2015 to May 2015. Days on...