Canmore Sales Activity Was Strong in the Second Quarter with More People Searching for a Second Home

Posted by Justin Havre. on Friday, July 25th, 2014 at 8:01am.

Canmore has been experiencing higher than average sales during the second quarter of 2014. In fact, sales were the third strongest ever reported during this time period. Many of these home sales were from current homeowners that were looking to purchase a second home.

According to a report issued by Sotheby’s International Realty Canada, there were 161 homes sold during the second quarter. Of these 161 sales, 45 were apartments, 38 were townhomes and 41 were single-family homes.

Overall, the sales volume recorded in Canmore from April 2014 to June 2014 increased 7.5% when compared to the sales figures during the same time frame in 2013. The strongest second quarters for sales in this town occurred in 2006 when 180 sales were made and in 2007 when 167 properties changed hands.

On a year-over-year basis the median sales prices were up from $650,000 in 2013 to $702,054 during this year's second quarter. The median price for a townhome went up to $503,550 from the $499,000 figure that was reported last year.

The average price for a hotel condo in Canmore went up 26% to $240,365 during the first six months of 2014 when compared to the average price of $191,432 reported during the same time period last year.

The majority of buyers that are looking for Canmore properties are from the Calgary and Edmonton areas. With the interest rates so low and the value of the Canadian dollar decreasing, more and more people are looking for a second property in Canmore for a relaxing recreation home away from home.

The lifestyle and the views that are available in this town are second to none. This area offers a piece of paradise for those that want to experience a recreational lifestyle while enjoying their time with others that have the same goals in this small interactive community.

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