Welcome to our new look! As some of you know, Christian Dubois and Christopher Vincent have recently collaborated forces to serve you better. This allows us to enjoy this beautiful valley we call home; while still being there for you at your convenience.
July and August thus far have been strong months in the Bow Valley’s Real Estate Market. Overall sales are down slightly from June, yet we continue to see a very positive increase over this time last year. First time buyers and those looking for an entry-level condominium continue to be the largest segment of the buying population. Sales in the low $200 000’s are not unheard of. The segment of sellers who purchased their first home a few years ago and who are now looking to move up into a single family home are taking advantage of the record low interest rates and low house prices as well. They have come to the realization that they may not achieve the selling values of two years ago, yet the opportunity exists for them to move up. There have been recent single-family home sales under the $500,000 mark. The general sense in town is that the current trend will continue, and we will see the Canmore market slowly come back to life. It will take some time to recover the lost ground of the past year and we will remain a buyer’s market for the time being. The follow statistics are for Canmore, Exshaw, Deadman’s Flats and Harvie Heights. The Banff market continues to be a vibrant market with many properties exchanging hands over the past few months. Values have held better in Banff than Canmore primarily due to the limited availability of housing. For investment purposes and people working in the National Park, Banff continues to be an attractive market.
No comments:
Post a Comment