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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 January 2020


Canmore Real Estate Market's Highest Sales Number for 2019!

2020… A new decade has begun.  We love the turn of the year as we get to track our market that paints a much clearer image of the trends in market as our small market size means that monthly and sometimes even quarterly numbers can easily get askew with the lack of data.

The Canmore Real Estate market has the highest sales number ever in 2019 with a 12.7% increase in properties sold over 2018 and less than a percentage increase over the markets top sales years of 2005 and 2016.

Our months of inventory statistic is an interesting way to track if the market is either balanced, a buyers market or a sellers market.  The year started in a buyers market but quickly moved to a sellers market for the Spring month of March through May and then stayed in a very balanced market until the slower months of November/December. 

Year over year numbers showed increases for all average prices except duplexes (with limited duplexes and lot sales in the market we see more non-trending swings in their numbers).  Leading the pack, the recreational market continues to be the largest year over year increase in both average sale price and median sale price by 14.89% and 9.10% respectively.  For average median prices in the other types of properties the change was quite minimal so it is hard to see a trend. Through all segments, while seeing slight increases, we have seen the new normal of prices starting in 2010.

With seeing these numbers and the listing inventory still quite low we do expect our market to continue to be quite strong. While we may not see the sales numbers be quite as high as 2019 we have seen more and more buyers starting to look in the higher end of the market while the entry level price point continues to increase. Our listing inventory should increase through the year, as it typically does, however we may see a lower average listing inventory which may lead to higher prices.

Canadians can expect a vibrant spring real estate market, with home prices rising modestly

Royal LePage recommends a regional approach to mortgage stress test if federal government goes ahead with changes in 2020 
Home prices increase 2.2 per cent in Q4 as buyers continue to move off the sidelines
  • Greater Toronto Area home prices heat up as demand outstrips supply
  • Greater Montreal Area sees strongest appreciation rate in almost a decade
  • For what is believed to be the last time this business cycle, Greater Vancouver home prices decline year-over-year — and stabilize on quarterly basis
Read more click here



The Q4 2019 Royal LePage House Price Survey is out! Click on the link below to view the results: http://www.facebook.com/royallepage/photos/a.10157688901393950/10157688901473950/?type=3
Market Statistics
(Click on Image for Full Size Version)

Monthly Market Statistics

Quarterly Market Statistics

Yearly Market Statistics

Months of Inventory

Featured Listings
(Click listing photo for VR Tour, floor plans, and more pictures)
13, 1022 Rundleview Drive $705,000
109, 10 Walker $868,500
 
102, 150 Stonecreek Rd $1,220,000
301, 150 Stonecreek Road $950,000
Profitable 8th St. Business with
Ability to Grow
 
Commercial
$165,000 + Inventory

 
515 Cougar  Street $648,720
119, 115 Elk Run Boulevard $438,750
216 & 218 Muskrat St Banff $2,300,000
121,170 Kananaskis Way $538,920 +GST
2109, 101B Stewart Creek Landing $728,800
205, 150 Stonecreek Rd $1,620,000
9, 150 Stonecreek Rd $820,000
2, 1737 11th Avenue  
1/4 INTEREST $193,770


 
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. 
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