Hi All, Dan McGuire, REALTOR® here with another Canmore Banff real estate market news update.
The massive push we’ve been seeing to start 2021 has continued to grow. Prices are rising across the board in Canmore, with desirable hotel condos and detached homes gaining the most. We are starting to see lots of buyers from elsewhere in Alberta as well as across Canada look to the Alberta Rockies for a new piece of property. High prices are still garnering strong interest and offers, despite rising mortgage interest rates and fears of a new stress test for first time buyers.
Have questions about your Canmore home or want stats on a specific neighbourhood? Call, text or email me today and I would be happy to assist.
Canmore, Banff, Lake Louise, Exshaw, Harvie Heights, Dead Man’s Flats Real Estate Update
In the past three months:
Avg. 2 bedroom SOLD price: $558,033.80 (+)
Avg. 3 bedroom SOLD price: $877,336.14 (+)
Avg. 4+ bedroom SOLD price: $1,446,867.79 (-)
“South Canmore masterpiece with south-facing living and mountain views! No expense has been spared in the construction and finishing of this 2 story executive home in South Canmore. You will love entertaining in the large open upper-level living spaces. A true timber-frame masterpiece with 12” free of heart posts and beams. A chef’s dream kitchen, sunny outdoor living spaces with mountain views, master suite and spa to die for, custom fireplace with fossils, media room, triple garage, beautiful low maintenance landscaping, etc., etc. Everywhere you look in this home you will see thoughtful design and the highest quality. Close to downtown and the Bow River.”
“This upgraded Lindal Cedar Home provides you the home, the views and the space to connect with nature you are looking for. Ideally located on a large lot between Canmore and Banff National Park, peace and tranquility abound as this incredible property not only backs onto the wooded Municipal Reserve but offers the Bow Valley Wild Land Park just across the street. A south west exposure assures you many sunny afternoons quietly observing the wildlife and enjoyable mornings watching the picturesque sunrise hit the Rundle Range across the valley. With 3 Bedrooms, 2 bathrooms, vaulted ceilings, plenty of upgrades and a developed basement there is lots of room for family and friends to enjoy the incredible location. The wood burning fireplace is perfect to cozy up to after a day of adventures. The property features a fully fenced yard and a 10’x14′ timber frame shed for more storage.”
“This Luxurious Solara Resort & Spa, exquisite 1 bedroom 1 bathroom suite, features everything you are looking for in a Mountain Retreat. It will be your home away from home!! With contemporary mountain architecture, interior design and décor, this property offers everything you will need. The large living area includes a full kitchen with an island, dining table and spacious living area, complete with a relaxing fireplace. You will appreciate the special touches like the granite countertops, stainless steel appliances, wine fridge and the warm feel of the cork flooring. Onsite amenities include a spa, highly regarded physiotherapy clinic, well equipped fitness center, ski waxing room, indoor hot tub & pool, theatre with nightly movies and large storage lockers. Comes fully furnished and sleeps 4 with the pullout couch and it is pet friendly. Located within an easy walking distance to everything Canmore has to offer.”
A 508 Deer Street, Banff – $1,366,500.00
“BEST HILLTOP VIEW IN BANFF” Prime residential lot zoned R-2 with approved TOB development plans. Panoramic views of Cascade and Mount Norquay, backing onto Tunnel Mtn. drive w/lane access. Duplex plans for two-3 bedroom homes (2,022 sq.ft. each) with 2 car garage and approved 1 bedroom accessory dwellings each half, full set of building designs, construction build out analysis and projections are available. Established local builder and trades ready to proceed. Existing 6 bedroom home with interim revenue stream until build out! Contact me today for a viewing.
Feel free to contact me for any Canmore, Banff & Area real estate market questions or inquiries you might have. Our team specializes in providing strategic home valuations, innovative marketing, and key advice to Canmore homeowners. We also work with all buyers to find you the perfect mountain home, real estate investment, or Canmore vacation property.
Best regards for a happy month ahead!
Feel free to call, text, or email Dan today for no-pressure advice,
tips and insights into the Canmore & Banff real estate market.