january 2016 real estate update

Transcription

JANUARY 2016
REAL ESTATE UPDATE
Canmore Sales Volume 1.2% Higher than
the 13 Year Average
Canmore Real Estate sales volume for 2015 is 1.2% greater than the
13 year average yet 15% lower than the sales volume of 2013 and 2014. Even with this 15% drop in sales volume prices are remaining stable year
over year and even some slight price appreciation in some segments year
over year. Average and median sales prices actually went up in 2015 in
most categories. 2015 average sales price appreciation for:
Single Family Homes was 8.00%
Condominium was 2.59%.
The active inventory is very stable with very little year over year change, we
do expect to see a typical increase in inventory through the next 4 months
but we are not expecting any type of flooding or deluge, more of a typical
flow to the market. Interest rates and a weak Canadian dollar will continue
to help support the Canmore and Banff Real Estate markets. With strong
tourism allowing local buyers to step in at the more affordable and midrange price points, those market segments appear to see continued
strength even with less oil and gas second home buyers. We continue to
see new retiring Baby boomer buyers entering the market looking to
Canmore as the ideal location for their active retirement years.
On the Commercial side we have seen a pickup in interest. Some international buyers are looking around for
sound long term investments; please do contact us if you are thinking of selling as we have many buyers
looking. When interest rates do go up the rates of return may not look as favorable as they presently do in this
low interest rate environment. (i.e. if the cost of borrowing goes up, a commercial investor buyer may not be able
to pay as much for your asset, and in turn any potential Cap rate changes could possibly lower the price what the
asset can sell for if rents stay the same or don’t keep up to the increased borrowing costs) If you are considering
selling any assets now, in the future or even for estate planning we would love to spend some time with you and
offer our assistance.
Lastly, we are here to help you or anyone you know for all your real estate needs. We are never too busy for your
referrals, and remember to Like our Facebook page (www.facebook.com/CanmoreRealEstateHawkerBetts) to
stay updated with all of our new listings!
Brad Hawker, Broker & REALTOR®
Drew Betts, Associate Broker & REALTOR®
www.CanmoreRealEstate.com
www.CanmoreRealEstate-Commercial.com
www.BanffRealEstate.com
www.BanffRealEstate-Commercial.com
MARKET STATISTICS
Includes all listings in Canmore, Harvie Heights, Lac Des Arcs, and Exshaw
Average price and median price information can be useful in establishing trends over time, but does not indicate actual prices in areas with widely
divergent properties or differentials between geographical areas. Please call Brad or Drew with any specific information about your property or properties you are
interested in
MARKET STATISTICS
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MARKET STATISTICS
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MARKET STATISTICS
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MARKET STATISTICS
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MARKET STATISTICS
Introducing Narrated Video Tours For Your
Listings!
If you haven’t had a chance to see one already on our website or YouTube, check
out the latest way the Hawker-Betts team can help market your home! With video
becoming more and more prevalent, our newly created YouTube channel offers
viewers a narrated tour of your property! To see our videos in action, check out our
YouTube page by searching Canmore Real Estate – Brad Hawker & Drew Betts
(and don’t forget to subscribe to always see our latest listings!)
SnowDays
Throughout Banff and Lake Louise, Jan. 15th - Feb. 7th, 2016
This fantastic annual festival encompasses several events over a month long period, with events to satisfy everyone in the
family! Whether it be the Ice Magic Festival in Lake Louise, the Big Bear ski and rail event, or Banff's Big Taste, you
couldn't have a more Canadian event than this! Events are both mid-week and weekend (see above links to find out more on
each event), and many are free to attend, so don't miss out on your chance to enjoy the best winter can offer in the Rockies!
FIS Ski Cross World Cup 2016
Nakiska Ski Resort, Jan. 22-23, 2016
The world's best ski cross athletes are coming together at Nakiska Ski Resort this January for the kick off of the FIS World Cup
season! The 4th Annual Audi FIS Nakiska Ski Cross is the only World Cup event in Canada, and will feature 130 of the best
skiers in the world competing for $40,000 in prize money, if you would like to learn more about this event, head to
http://alpinecanada.org.
Ski Hills Are Now Open!
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 visit each mountain’s website for the latest conditions, events, and more!
Mt. Norquay – www.winter.banffnorquay.com
Sunshine Village – www.sunshine-village.net
Lake Louise – www.skilouise.com Nakisa – www.skinakiska.com
The Hawker-Betts Real Estate Team
101, 710 10th Street
Canmore, AB T1W 0G7
Direct: (403) 678-7557 Office: (403) 678-5113
Email: [email protected]
[email protected]
Brad Hawker
Broker
Drew Betts
Associate Broker

january 2016 real estate update

Transcription

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