Banff
Banff is present in the province of Alberta, situated in Banff National Park. It is a resort town. The best times to visit this resort city are from June to August and also from December to March. People who love nature will desire to go to the park when the weather in the city is warm.
It is not an expensive city like a vacation to the city costs almost CA$652 for one individual. Similarly for two people, the trip cost is CA$1,304 for 1 week. In Banff, there is no need for any car. Going wherever you want is easy and free and also it is stress-free.
Condominium Price Index 2021
There are more than 9 condominiums for sale in Banff. These are of varying cost. 2bed and 2 bath condos have a price of $562,000 covering a total area of 1232 sq ft. one can easily find such condominiums in 113 Cave Avenue, Banff. Smaller two-bed condos of 2 beds and 2 bath covers areas of 883 sq ft is a little cheaper. They have a cost of $529,000. One can easily buy such condos at 409 Marten Street, Banff. Smaller yet luxurious condos are also available in the city.
These are a bit cheaper as they have a less covering area like 1bed and 1 bath of total area 558 sq ft has a price of $429,000. These condos are available at 592 Banff Avenue, Banff, AB. The city also has 2 bed and 1 bath condos in 401 Marten street SW, Banff, AB. These condominiums are of price $495,000. As we increase the number of beds, baths or total covering area price of Condominiums goes on increasing.
Number of active listings in Banff
An active listing refers to the property which is listed on the listing portal of real estate. This property or house is for purpose of sale at that point in time. Banff has 8 new listings and 01 homes have sold out during the last 56 days. The city has sold to a listing ratio of 91%.
According to the number of beds, condos have different numbers of listings. In Banff condos activating listings of 1 bed and 2bed is 3+200%, 5+400% respectively. If we talk about overall listings in the city it has 5+150% new listings and 8+300% active listings.
Condominiums price increasing or decreasing
The average sold price in Banff is 1.4M. There is a 120.3% monthly change and 109% quarterly change in average housing price in Banff. Condominium prices depend on the area covered by houses in Banff.
The cost of 1 bed is $385K while this price was $395K about 3 months ago. The3 bed condos price is $480K which has also increased. Overall, the price of a condominium is $433K which was $395K about six months ago. On the basis of this data, we can say that condominium price has increased during the last six months.
