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 (-)
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.