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*.
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
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