In Canmore’s real estate market, March 2022 was another seller’s dream, with very few options to purchase and thus few sales. There were 60 listings (again, very low.) Canmore had 69 sales with an average of 17 days on the market (this is nearly one-third the number of days of what Canmore is used to seeing.) The number of sales was down 47% from February 2021, and the days on the market were down 52% at the same time. Homes. If you have any questions about Canmore’s real estate, please don’t hesitate to contact us here.
Canmore Detached / Townhomes / Duplexes Values
The average detached home sold for $1,807,700, only 27% higher than in March of 2021. Note this is due to a lack of higher-end transactions and very few detached homes on the market. Townhomes give us a much better sense of the significant gains in Canmore real estate values: $929,000, which is 16% higher than March 2021. Duplexes sold for $1,530,400 were 15% higher than in March of 2021.
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Canmore Condo Apartment / Hotel Condos / Tourist Home Values
The Canmore condo real estate segment is where we saw some statistical oddities because there were fewer apartments sold, and the few that did transact were at a lower price point. Condo apartments sold for $558,400, 16% lower than March 2021. Hotel condos sold for $837,500, up 67% over the year. Tourist homes sold for an average of $757,800, up 16%.
