Canmore
Canmore is a town in the rocky mountains of Alberta in the west of Calgary. The total living cost in Canmore is about $1,945. The average rent for a one-bedroom apartment in the town is almost $1,649 per month while the utility cost is around only $48 per month. There is greater availability of high-quality health care centers in the town. Canmore is a lovely and charming little town where one can easily get a house of its own choice within an affordable range.
Statistic on Average Prices for Condos, Homes, and Townhouses:
Current Canmore real estate market statistics represent an average housing price of 887,556 and almost 83 new listings in the previous 28 days. This average sold price represents a 20.9 percent monthly change and a 31.5 percent quarterly change. Canmore has 31 days on market to sell a house and has a 98% selling to listing ratio.
Canmore has houses with an affordable price range. The detached homes in the town are available at the price of $1.5 including 2 bedrooms to 6 bedroom detached houses. The townhouses are available at a reasonable price for sale and are of the price of $ 870K. This housing price also varies from one bedroom townhouse to 4 bedrooms townhouse. A condominium is the most affordable construction style in Canmore. Condos are available at a price of $610K in the town for sale.
How Many Numbers of Properties do Canmore Offer?
As of today 103 properties are available in Canmore for sale with an average asking price of $1,102,634.96. The highest price of the property is $6,950,000 while the lowest price of the property is $47, 249, 00. According to research in Canmore’s sales history these property types include attached and detached single-family houses and townhouses.
How Fast Is The Real Estate Market of Canmore Moving?
The real estate market of Canmore has experienced some dramatic changes in 2020. The lockdown due to pandemic in February 2020 caused a sharp decrease in sales and almost a 5 percent correct in prices. However, despite the continued decline when things in the town opened up again, Canmore experienced a change with a large increase in the buyer’s demand and also the inventory to match.
Now a sharp increase in housing prices in Canmore is expected during 2021 and 2022. This is because of many reasons. Covid has set a demand for second homes in the recreational areas for the vacation homes. This demand is also for the part-time work from their homes. The cost of construction materials has increased 4 times. Though Canmore has a variety of markets during 2020, this was a balanced market and has enough inventory to amuse its buyers.
The number of Active Pre Construction Developments in Canmore:
Canmore has some new construction developments slated but this is not sufficient and there is also a finite footprint to the type of construction.
