-5 year average sales volume for Single family homes was 25.5 while Q3 2015 was a slightly softer 23
-5 year average sales volume for Condos was 34 while Q3 2015 was a marginally stronger 36
-5 year average sales volume for Hotel condos was 10 while Q3 2015 was a slightly stronger at 14
During September 2015, we had 2 new brokerages join our local group, resulting in the listing inventory increasing our total Canmore Real Estate market listing inventory numerically by 35 listings. When we strip these 35 listings out, however, our inventory is actually lower by about 20 listings net from where we would have been without these new brokerages, so when you look at the listing inventory graph below this will need to be considered. The bottom line is we have not seen our inventory grow.
The September 2015 total sales of 34 seemed a little slower than normal, but when compared to the 35 total sales of September 2014 and the 5 year average of 35.5, these sales totals show that we are in line. Looking ahead, I feel that October will be a slower month for sales given the upcoming Federal election but I think we will see a bounce back for Canmore real estate in November.
As always, Brad will be involved with the Banff Alpine Racers and Bow Valley Quikies Annual Ski & Sport Swaps over two weekends this October, the 16th and 17th in Canmore at the Canmore Nordic Centre, and the Train Station in Banff on October 23rd & 24th. This fundraiser provides a fantastic and affordable way for skiers of all ages to pick up ski and snowboarding equipment and clothing, and has become a wonderful signal for the community that ski season is almost here! For more information on consignment and/or the sale, please visit www.barbvq.com or Banff Alpine Racers and Bow Valley Quikies Annual Ski & Sport Swaps.
Lastly, we are here to help you or anyone you know for all your real estate. We are never too busy for your referrals
Brad Hawker, Broker & REALTOR©
Happy Thanksgiving everyone, we hope you had a great long weekend!
Drew Betts, Associate Broker & REALTOR©