November 2019 Market Update

The current market in the Bow Valley is active and healthy. The area is minimally affected by the oil and gas woes the rest of the provinces’ real estate markets are experiencing. 

For the last couple of years, the market in Canmore and the Bow Valley have been weighted in the seller’s favour, with high buyers demand and low inventory.

In the first week of November 2019 the market continues to be more balanced. There is still high buyers demand, but with increased inventory, buyers have some choice and less pressure to settle on a higher than market price offer.  Prices have plateaued over that past year or so, but the number of Days on the Market before a listing sells has decreased significantly. 

The entry level and mid-level price points still tend to sell in a timely manner. Some of the higher price points take a bit longer to sell and more conservative pricing tends to be effective. 

2019 YTD

Total Market Average: 

– Sale Price: $711, 080

– Days on  Market: 38

– 393 total sales

2018

Total Market Average:

– Sale Price: $710,858

– DoM: 65

– 478 Total Sales