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Hawker-Betts Real Estate Team
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Market Update / Statistics / Featured Listings / 
Narrated Video Tours for Your Listings / What's Happening

Canmore Real Estate Newsletter April 2019   

Very Positive Outlook for Canmore moving through 2019

The first quarter of 2019 has just passed, and Spring feels like it has finally arrived!  It was great to see the sun and blue sky on this past Easter long weekend.  The ski season is winding down and the mountains are stunning with the white snow on the peaks as we begin to start seeing more and more green.  I was up for a run around the Silvertip area and saw so many blooming Crocuses. 

As we think about putting away the Winter gear, we are excited for all the Summer recreational activities that continue to make Canmore a destination for new full time residents, retirees, weekenders and those looking for a holiday escape.  

Last year at this time we were speaking a lot about a balanced market.  This year however the market is moving towards being a Seller’s market in many of the market segments.  We have seen a lack of inventory in condos priced below $600,000 and single family homes under $900,000.  As we move up the price scale, we continue to have an active market.  In the upper end of the market over $2,000,000 we have not seen much movement this year until recently but do expect the strength of the rest of our market plus the recent Alberta Election results and hearing that some other parts of Alberta has seen an increase in activity to help bolster this segment of our Market. 
 
As we look at our quarterly statistics, we see a consistent days on market with increases in Quarter 1 which we have seen historically with a slight slowdown before Christmas driving that. 
 
Comparing our first quarter in 2019 to the first quarter in 2016 we see the following
 
For Single Family Homes we saw the average price increase 15% yet the median went down 7%
For Townhome Condos we saw the average price increase 38% and the median increased 30%
For Apartment Style Condos we saw the average price increase 11% and the median increased 9%
Lastly for hotel condos we saw the most dramatic as the interest in the condos went up dramatically and hence the average increased 107% and the median increased 81%
 
Our active inventory approximately 25% higher than it has been in April of the last two years however 20% lower than three years ago.  Along with that our months of inventory calculation came back to strong levels last month, but it is still lower than 2018.  A lot of this has to do with the fact we have seen an increase in values throughout Canmore and when we see that take place, we typically experience an increase in our listing inventory and the sellers will lead the market with pricing which can lengthen days on market. 
 
**Months of inventory is a calculation on the numbers of months it would take to sell all the currently listings with now new inventory coming to Market based on number of past sales**
 

Market Statistics
(Click on Image for Full Size Version)
 Market Statistics
Featured Listings
(Click listing photo for VR Tour, floor plans, and more pictures)
805 Silvertip Heights $2,328,000

 
1016 Lawrence Grassi Ridge $1,098,900

 
   822 7th Street $1,250,000

 
14, 137 Wapiti Close $949,500

 
102, 150 Stonecreek Rd $1,195,000

 
1, 150 Stonecreek Rd $795,000

 
800 Silvertip Heights $3,650,000

 
301, 150 Stonecreek Rd $925,000

 
216&218 Muskrat St Banff $2,300,000

 
6 Blue Grouse Ridge $2,695,500

 
205, 150 Stonecreek Rd $1,595,000

 
9, 300 Eagle Terrace Road $834,800

 
116 Stonecreek Road $1,048,800

 
4, 124 Silvertip Ridge $1,098,800

 
109, 10 Walker $888,300

 
OUR EXTENSIVE NEW MARKETING TOOLS!
    Our new technology allows the buyers to look at floorplans that are tied to many 360
    degree images, so the buyer can fully feel immersed in the home. 
    Along with this, they can actually measure rooms and see how their furniture and
    belongings could be a great fit! 
    Click here or the image above to take a look.

 
              To look at our YouTube Channel Click here.  All of our listings
              have a narrated 
YouTube video to again give the buyers a good
              sense of all that our listings offer. 

 

Canmore Uncorked 
Food & Drink Festival
April 25 - May 5, 2019



Canmore Uncorked is back and 
Tickets are on sale now!



Canmore Uncorked, the multiple award-winning food festival, returns to Canmore on
April 25, 2019 for another 11 days of remarkable dining experiences!

Enjoy daily special menus at Canmore's finest restaurants, plus signature events including wine and beer festivals,
Craft Beer & Cider Festivalthe BIG Grande Brunch and much more.


Click Below for More Information:
www.canmoreuncorked.com

 

Mayors Spotlight on the Arts


Date: Saturday, May 4, 2019
Time: 5:30 p.m.
Location: artsPlace
Tickets: $20 - can be purchased online by clicking here or in person at artsPlace

 

4TH ANNUAL JANN ARDEN CHARITY GOLF TOURNAMENT IN SUPPORT OF ENVIROS

LOCATION: SILVERTIP RESORT

Date and times:
Friday, June 7, 2019
9 a.m. registration
10 a.m. shotgun start
Dinner and awards to follow around 4 p.m.

Copyright © 2019 Brad Hawker and Drew Betts, All rights reserved.


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Brad Hawker and Drew Betts · 101, 710 10th Street · Canmore, AB - Alberta,CA T1W 0G7 · Canada