The Canmore Real Estate
Market in the first half of 2014
- trends and developments -
The Canmore Real Estate Market in 2014 has been very vibrant and since 2012, which saw the lowest average sales prices after the boom with its high prices in 2007, prices have been on the rise again. Despite increasing prices demand is high and properties sell faster in the average than during the last five years. A still low inventory (just over 200 listings) increases the pressure and drives prices. Canmore is still a sellers’ market.
Sales Numbers and –time:
Whilst the number of sales in Canmore increased from 2012 to 2013 from 371 to 488 by ca. 30%, there was no increase of sales numbers during the first half of 2014 as compared to the first 6 months of 2013 (ca. 250).
The strongest sales areas in both years were the $300-400,000 range and the over $800,000 range.
Remarkable is the decrease of “days on market” time (the time from when a property is listed until...