Luxury Sales Dominate in December

It must have been a happy holiday season for several lucky home buyers in Canmore after the sale of 3 homes this past month valued at over $2,000,000 which, includes the sale of #6-226 Benchlands Trail at $3,825,000.  3 sales may not seem all that significant but if you take a look at the luxury market as a whole in 2017, there were only 11 sales in total above the $2M mark for the year and only 2 properties traded on the Canmore real estate market for more than $3,000,000 in 2017.  Also noteworthy is the fact that all 3 of the luxury property sales in December sold well below the average days on market for single family properties in town.  In a typical month, detached homes spend roughly 42 days on the market…

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Real Estate Sales Dip in November

It comes as no surprise that November is a slow month for real estate sales in Canmore and the Bow Valley - with the tourism industry taking a brief breather before the holiday season kicks in and winter sports enthusiasts taking advantage of some downtime while their season ramps up.  Sales activity is almost always at one of its lowest points of the year during November and this past month was no different with somewhat lower than normal numbers.  24 properties traded on the Canmore real estate market compared to 47 total trades in November of 2016 which, at roughly 50% less may seem somewhat drastic, really is not any sign of trouble in the market.  The real matter at heart is what we are always talking about in…

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