Market Update / Statistics/ Featured Listings / Narrated Video Tours for Your Listings!/ What's Happening
Canmore Real Estate Newsletter July 2016
Strong market activity continues through second Quarter of 2016!
The summer is here and the Bow Valley is very busy with many tourists from close by as well as the United States and abroad. Speaking with many of the local hotels, restaurants and retailers this year is looking phenomenal! Canmore once again had a fantastic day for Canada Day including the parade, fireworks and many other events. This has only started off a busy summer with many more events including the 24 hours of adrenalin, folk festival and highland games.
The Real Estate market has been quite strong and we seem to have stayed close to a balanced market this year. Our listing inventory has trended upwards as per usual through the first half of the year and number of sales are seeing a steady increase in listings month to month since the beginning of the year.
The first half of 2016 has seen the number of sales being the 3rd highest since 2010, just 7% lower than the highest and 69% higher than the slowest first half of a year in the same time frame. We are seeing some prices pushing up slightly, while the majority of the market seems to be quite steady with buyers still aware of the surrounding Alberta markets that are not doing as well. In the past couple weeks we have seen a few multiple offers with one property selling close to 3% over asking price.
The average list to sale percentage for the last 6 months has been close to 97% which is close to one percentage point more than the average in 2015.
Buyers are continuing to be very active in finding the right property for them, but also very aware of market value so many will wait for the right property at the right price.
Lastly, we are here to help you or anyone you know for all your real estate needs. We are never too busy for your referrals, and remember to Like our Facebook page to stay updated with all of our new listings!
If you haven't had a chance to see one already, take a look below at our newest way to help market your home! With video becoming more and more prevalent, we have created a YouTube channel and can now offer narrated video tours of your property! To see more about what these videos can look like, please click on the video below!
24 Hours of Adrenalin July 15th-17th The "Woodstock of Mountain Biking" brings adrenalin seekers to Canmore. One of the most popular biking events in North America, right here in our backyard! For more information please click here.
Group Mountain Bike Ride! Wednesdays From June 22nd - July 27th
Meet at Rebound Cycle at 6pm if you are interested in learning new trails around town. Please click here for more information. The website notes that good general fitness and basic mountain bike skills are required.
Art in the Park, Saturdays and Sundays May 21st-September 5th, 10am-6pm
Location: North West Mounted Police Barracks, 609 8th Street. Local artists show and sell paints and other works of art!