Canmore Condos Lead the Way in May

In what is turning out to be a less than stellar year for real estate in Canmore and the rest of the Bow Valley, May has delivered yet another month of lacklustre performance in terms of number of closed sales.  Historically, May is one of the busier months and the town should be buzzing with stories of multiple offers and big payouts but with only 27 firm sales compared to 47 last year we are looking at a 43% decline - well above the 25% decline that the rest of the province has experienced.   

 

May Sales Breakdown:

Vacation Condos:

Number of Sales - 5

Average Sale Price - $382,875

Average Days on Market - 38.6

Average Sale Price to List Price Ratio - 95.7%

Condos:

Number of Sales - 8

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