Canmore Real Estate Market Update - November 2015
The Canmore Real Estate market was faced with a bit of a chicken-or-the-egg scenario this past month, is it simply the time of year or are slumping Oil prices and subsequent layoffs in the Oil patch slowing our market? Sales volume is down 27% year over year and inventory is up 20%, but that needs to be tempered against two new Brokerages joining our local database, as their 20 Canmore listings have accounted for almost 10% of the statistical increase ininventory. So the net actual increase in the inventory is really only 10% year over year but far lower than the 406 active listing in Nov 2011, 378 in Nov 2010, 357 in Nov 2009, and 467 in Nov 2008.
Sales for certain properties and locations are still in high demand and buyers are looking in all ends of the market including family homes, lots, and townhome and apartments condos. We are finding that buyers are more keenly aware of value and exhibiting patience in order to find the right property at the right price.
The local tourism industry is expecting a very strong winter looking at the present bookings and the early season snow is fantastic. I have been out to the hill and it is always a fun time of year with all the skiers and snowboarders looking to the sky in the excitement of the new season and this latest large dump of snow helps raise the excitement even more!
As you will read further in this newsletter we are proud to once again be a part of the Christmas Spirit campaign and doing our 24th Annual Royal LePage Food Bank Drive (to be linked) again on December 3rd
The 24th Annual Royal LePage Christmas Spirit Food Drive is Coming December 3rd!
Royal LePage Rocky Mountain Realty is holding their 24th annual Christmas Spirit Food Drive on Thursday, December 3rd. Donations of non-perishable food and/ or money will be picked up door to door by volunteers that evening, so please keep your outside lights on so we know you are at home and ready to help!
Read more about how you can help here.
Ski Hill Opening Dates
All of our local mountains have opened for the 2015-16 Season! With some recent help from the weather, the local hills are primed and ready for a fantastic year, be sure to click each mountains' link for the latest conditions, events, and more!
What's Happening in the Bow Valley
Bon Appetit Banff, November 12 - 22, 2015
Banff's kickoff event to the Winterstart Festival, Bon Appetit Banff is 10 days of 30 different and exceptional restaurants in Banff and Lake Louise offering unique three-course menus, with three options per course, at various fixed price points. Whether you are looking for sweet or savoury, this fantastic event ensures you have a chance to taste the very best of Banff dining in one of the best Rocky Mountain settings imaginable!
Christmas in Canmore, Dec. 4th - 31st, 2015
Come and see how downtown Canmore will come alive with Christmas Spirit for four weeks during the Christmas in Canmore festival, featuring a Christmas Block Party, Christmas Night Market, outdoor movies, progressive dinners and so much more! The festival goes hand in hand with other great Town events during that time, including the Festival of Trees, Valley WInds Winter Concert, and the New' Year's Eve Party on the Pond! Christmas is a special time of year in Canmore, come and experience it for yourself! More information can be found here
*The Full version of the newsletter can be found at the link below: