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mountainhomesincanmore.com

March 2020 Issue
(403) 688-1040
Chezlene Kocian
March newsletter

Hello Friend

Wishing you a happy St. Patrick’s Day tomorrow! In the spirit of the day and amidst all of the chaos in the world right now, I wanted to take a moment to share this Irish blessing with you:

In this month’s newsletter, you’ll find the latest market update and highlights of local upcoming events in and around Canmore, Banff & Lake Louise, as well as a fun cocktail recipe in the spirit of St. Patrick’s Day. As always, please don’t hesitate to reach out with any questions. I’m very happy to help!

Winter Wonderland! Policeman’s Creek, Canmore

Chezlene Kocian
Chezlene Kocian
RE/Max Alpine Realty
(403) 688-1040
mountainhomesincanmore.com

The Irish Mule

Irish-Mule.jpg

For a St. Paddy’s take on the classic Moscow Mule, try this refreshing and easy cocktail! 

Ingredients:

  • 2 oz. Irish whiskey
  • 1 oz. Lime juice (Half a lime)
  • Approx. 3 oz. ginger beer
  • ½ cup of ice
  • Fresh mint sprig for garnish

Instructions:

Fill a glass tumbler (or copper mug) with ice, then pour in 2 oz. of Irish whiskey. Juice half a lime (approx. 1 oz.) directly into the glass. Fill the glass with ginger beer and stir to mix everything together. For extra aromatic effect, add a fresh mint sprig. Enjoy!

Recipe & Photo courtesy of vinepair.com

Market Update

The February market was very active in Canmore with 45 sales, up from 21 sales in January and also significantly up from February 2019 which saw a total of 30 sales. The average sale price in February was $693,940 which is up only marginally from last year’s February average of $687,875. The majority of sales activity last month were below $860,000, with only 5 sales transacting above that amount. With only 3 sales over $1,000,000 and the highest sale at $1,950,000, the luxury end of the market is quiet at present. With concerns over the coronavirus and the oil price war, we’re likely to see a continued slowdown in absorption of luxury homes in Canmore. Hotel condos or Tourist zoned properties, that allow for short term rental accounted for 18% of the market share in February. 

There were a total of 83 new listings brought to market in February, which helps out with the low inventory numbers we’ve had for an extended time period. Our current listing inventory is sitting at 225 properties, 29 of which are fractional ownership or hotel condo properties. 

Market Watch

FEBRUARY 2020

Changes are calculated comparing February 2020 to February 2019

Sales over $1M: 3
Highest sale: $1,950,000

 

FEBRUARY 2019

Sales over $1M: 5
Highest sale: $1,475,000

Local Events

BANFF Mountain Film Festival
Banff, AB
April 02, 2020
Tartan Day!
Canmore, AB
April 04, 2020
Catch the Easter Bunny
Lake Louise, AB
April 10, 2020

Latest Featured Listings

Just Listed
An image of MLS ID: C4290248

Enjoy owning your own home in Canmore! Bow Valley Trail / C4290248

$355,000
2 Bedrooms 2 Bathrooms 639 Sq Ft
An image of MLS ID: C4286780

A lovely home option, just a 5 minute drive to Canmore C4286780

$389,000
2 Bedrooms 1 Bathrooms 759 Sq Ft
An image of MLS ID: C4281961

Beautiful mountain views, open concept living, & in new condition Three Sisters / C4281961

$575,000
2 Bedrooms 2 Bathrooms 917 Sq Ft
An image of MLS ID: C4279856

Perfect blend of functionality & style Three Sisters / C4279856

$849,000
3 Bedrooms 3 Bathrooms 1,806 Sq Ft
An image of MLS ID: C4253079

Duplex lot with spectacular mountain views! Hospital Hill / C4253079

$989,000
4+1 Bedrooms 2 Bathrooms 1,690 Sq Ft
View more listings

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage. All information was current on Mar 16, 2020.


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