Get Market Ready | Fall Home Evaluation | Canmore Real Estate

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4 Reasons to List Your Home this Fall

Serious Buyers Are Active: In the fall, buyers are often more serious and motivated to close deals before the holidays or the year-end. This can result in quicker sales and smoother negotiations.
Beautiful Autumn Curb Appeal: Canmore’s vibrant fall foliage provides a stunning backdrop for your property, enhancing its curb appeal and making it more attractive to potential buyers.
Less Competition: Many homeowners wait until spring to list their homes, leading to more competition. By listing in the fall, your property stands out in a less crowded market.
Move-In Ready for the New Year: Buyers who purchase in the fall can be settled into their new home by the new year, which is a strong selling point for those eager to start fresh in January.

Current Market Conditions In Canmore

The Canmore real estate market is showing strong performance across various property types. Here's a snapshot of from January 1 2024, to August 14 2024:

Single Family Homes: 50 sales with an average sale price of $1,989,504. The average price per square foot is $749, and homes are spending about 54 days on the market.
Half Duplexes: 25 sales with an average sale price of $1,539,260. The average price per square foot is $647, with an average of 55 days on the market.
Townhomes: 74 sales, averaging $1,040,741 per sale. The average price per square foot is $681, and these properties are selling in about 50 days.
Apartments: 68 sales with an average price of $759,515. The average price per square foot is $695, and apartments are on the market for an average of 54 days.
Hotel Condos: 46 sales with an average sale price of $751,461. The average price per square foot is $837, with an average of 49 days on the market.
Tourist Homes: 24 sales, with an average price of $1,185,689. The average price per square foot is $1,012, and they are selling in just 30 days on average.

Overall Market Overview: With a total of 287 sales, the average sale price across all property types is $1,148,580, and the average price per square foot is $746. Homes are typically selling within 50 days.