Spring in the Rockies is such a wondrous time. Canmore and Banff are enjoying a fantastic Spring after a phenomenal ski season. We have had some great Spring weather and are looking forward to a busy Summer season. The Mountain Market has returned and Glen’s fruit truck is returning this month and every Thursday until October 5th!
We are finally seeing our seasonal increase in the listing inventory, so now is a great time to be looking for your new Canmore home. Month over month increase in listing inventory was up 10.1%, but it is still trailing the increase over the same period last year which was 17.3%. Seeing this, we are still lacking inventory, so if you were wondering when the right time to list your home would be, there is a very good chance that the time is now!
The month of May 2017 was the 4th strongest for total number of sales in the market, just 2 sales away from the highest sales volume month in the last 10 years. As a part of this great month we saw an increase of 300% in the number of sales of single family homes over April 2017 (12 sales vs 4). The other market segments prices were quite consistent, but will be more recognizable next month as we will be wrapping up the 2nd quarter of 2017.
The short term traffic congestion in Canmore is planned to get a lot of relief as Main Street is set to re-open before July 1st. Speaking of July 1st the town is excited for Canada Day festivities and the amazing Canmore and Banff Canada Day parades.
Both Brad and Drew are looking forward to summer and as always we will be available to help in the sale or purchase of your Canmore home throughout the entire summer. Please let us know how we can help.
Please click on the link to access the entire newsletter. June 2017 Hawker-Betts Real Estate Newsletter