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July 2018 Real Estate Market Report | Canmore

Posted by Ben Maize on Sunday, August 5th, 2018 at 5:29am.

The MOST EXPENSIVE Home Ever Sold in Canmore

Perhaps the most interesting storyline to happen in real estate for July, 2018 was the rare sale of a home over $4 million.  18 Van Horne was originally listed back in October of 2017 for a staggering $5,759,900 but after 253 days with no sale, the quintessential luxury mountain cabin sold at a nearly 30% discounted price of $4,139,000.  The sellers shouldn't be too upset however as there has never actually been a home sell on the Canmore real estate market for more than $5,000,000.  In fact, there has only been 1 other sale (also this year) of a home over $4,000,000.  While the sellers may not have cracked the 5 million mark, they have still earned themselves the honour of selling the most expensive home EVER in Canmore*.

Canmore Luxury Mountain Home

18 Van Horne | Sale Price: $4,139,000

The 3600 square foot masterpiece consisted of 8 bedrooms and 8 bathrooms and was literally steps from the Bow River.

*The Canmore Brokers Group began keeping sales statistics in 1999


July Sales Breakdown:

Total Sales: 37 

Vacation Condos:

Number of Sales - 9

Average Sale Price - $354,836

Average Days on Market - 88.6

Average Sale Price to List Price Ratio - 97.4%

Condos:

Number of Sales - 8

Average Sale Price - $527,031

Average Days on Market - 64.8

Average Sale Price to List Price Ratio - 98.7%

Townhomes:

Number of Sales - 9

Average Sale Price - $647,888

Average Days on Market - 56.8

Average Sale Price to List Price Ratio - 98.7%

Half-Duplex:

Number of Sales - 5

Average Sale Price - $949,000

Average Days on Market - 32.8

Average Sale Price to List Price Ratio - 97.4%

Single Family Homes:

Number of Sales - 6

Average Sale Price - $1,435,186

Average Days on Market - 162

Average Sale Price to List Price Ratio - 91.8%

Hottest 'Hood:

1.  Bow Valley Trail (26% of July sales)

2.  Three Sisters Mountain Village

3.  Spring Creek Mountain Village

contact the team at Canmore.net online or call (403) 678-7600

 

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