Canmore Real Estate Newsletter September 2018    

Solid Canmore Real Estate Market Continues As We Head Into The Fall

The leaves are starting to turn, children are back in school, and we have even had some snow in the air… fall has arrived here in Canmore!  Fall activities are in full swing with lots of locals and visitors alike enjoying some great biking and hiking.  While it is still a little while away, cooler temperatures in the air mean that the winter season is just around the corner.  

The Canmore Real Estate Market has remained quite active. Our inventory is 5% below that of our 5 year total average and 17% below our 5 year September average.  August saw 42 properties sell in our market which is just over the 5 year total average of 41.2 and just below our 5 year August average of 42.4.  The active listing median Days on Market since September 2013 is 81 days, 73 days for the last 12 months and September this year is 64 which we feel shows that there are buyers waiting for the right property to appear on the market.  Much of this demand and shorter days on market has been derived from the short term rental market which continues to be very strong.