February 2022 was yet another tight month in Canmore’s real estate market, with very few options to purchase and thus few sales. There were 60 listings (again, very low.) 47 sales with an average of 27 days on the market (this is nearly half the number of days of what Canmore is used to seeing.) The number of sales was down 47% from February 2021, 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 $1,379,500, only 1% higher than in February 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 large gains in Canmore real estate values: $971,000, which is 37% higher than February 2021. Duplexes sold for $1,198,000, only 1% higher than February of 2021.
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Canmore Condo Apartment / Hotel Condos / Tourist Home Values
The Canmore condo real estate segment is where we saw the most significant gains in value. Condo apartments sold for $758,500, 36% higher than February 2021. Hotel condos sold for $692,900, up 40% over the year. Tourist homes sold for an average of $637,500, up 17%.
