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May 2022 Real Estate Market Update

As we move through May we all starting to get excited to say goodbye to another great ski season but look forward to the plethora of spring and summer activities that start to open, from hiking, biking, and running trails opening up to the local golf courses opening for the season! A sure sign of spring was spotted as I saw my first bear wander through my backyard the other morning. 

In May we saw a seasonal increase in inventory in all segments except single-family homes which saw a 35% rise in inventory compared with April but 10% lower than May 2021 and 40% lower than May of 2020.

In April 2022 the market started the month with 88 active listings and saw 61 listings sell whereas a year ago the market had 123 listings at the beginning of the month with 103 sales, April 2022 is still about 10% higher than a typical April sales volume. Although a smaller number of sales, year over year the inventory of homes was significantly less for buyers which continues to be the most substantial challenge of our market.

Our Months of inventory calculation in all market segments is less than 2 months of inventory with the exception of the single-family home segment (with the slight increase in listings) being the highest but still under 3 at 2.88 months of inventory, still in sellers’ market territory

As always thank you for choosing us in your buying and selling and should you know of anyone else who may be interested in buying or selling please let us know we are never too busy for your referrals and now more than ever have an experienced successful team working for you is critical to bringing you Canmore dream a reality and/or making your sale a seamless and prosperous one.

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I have sold a property at 400 180 Kananaskis WAY in Canmore
I have sold a property at 400 180 Kananaskis WAY in Canmore.
Top Floor Montane Village One Bedroom Condo! This home is in excellent condition and receives morning sun with east exposure and looks out onto a playground, forest, and Grotto Mountain. This bright cozy condo has an open floor plan and comes with secure locked storage, a new laundry facility, a bike room, and a full-service commercial gym on site. The complex is professionally managed, well looked after (new roof 2017) and you are within walking distance to trails and downtown. This is an ideal entry level home for a first time buyer or at this price, an excellent rental investment opportunity!! Sorry, no short term renting (Air BnB) and no pets!
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I have sold a property at 2328 Crestwood ROAD SE in Calgary
I have sold a property at 2328 Crestwood ROAD SE in Calgary.
This is your rare opportunity to add a prime rental property to your portfolio. This 6000 sq/ft, R-C2 lot with 3 income sources and the potential of $3,000/month in rent, is a sure win. This home separates itself from the rest with an extremely rare, heated, 35'1" x 25'0" garage with 10' doors and two story shelving while backing directly onto Ogden Road for easy, convenient access. Located on a quiet street, the freshly painted main floor offers 2 bed 1 bath (recently updated) upstairs with a generous living room and comfortable kitchen that has been updated with freshly painted cabinets and brand new stainless steel appliances. Upstairs is complete with easy access to your large deck. Downstairs has two exterior access points, updated windows, a kitchen, 1 bedroom and a tv/living room. The basement is complete with a shared laundry. The backyard has been separated so each tenant can have their own space. The roof, furnace and hot water tank have been replaced in the last 5 years, washer and dryer are newer and there are brand new appliances on the main floor. 14 minutes to downtown, 5 minutes to Glenmore Trail and Barlow Trail.
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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