Monthly Market Synopsis from Bob Aishford – March

Wow!! Look at the total number of sales this past month – February, to the same month last year. February 2013 we had 40 units sell, last year we had 23.

Now let’s look at the single family stats. We can see quite a difference from last month (January) and also from February a year ago. The median sale price from last month is up by over $200,000 and the number of sales has more than doubled. Then same applies when we compare February 2013 to the same month a year ago. Also the days on the market have dropped by 25%. These are all indications that sellers are pricing their homes in line with market values and also buyers are ready to purchase.

We also see very good activity in the non-single family sector of our market. The number of sales has almost doubled, days on the market have dropped to 14, and sale prices are in line with a year ago. There appears to be stability in this market, and as the inventory drops I would expect sellers to gradually be able to increase their asking prices.

The late winter months and spring have always been excellent months to market your home for sale. With realistic expectations and a true desire to sell, now is the time.

March-Graph

 

 

 

 

 

March-graph-2

 

 

 

 

 

 

 

GIVE ME A CALL  AT 403-678-1069 AND WE CAN TALK ABOUT THE MARKET IN MORE DETAIL.

Share
Bob’s Photos
Newsletter ~ Sign Up Now!
Recieve Our Canmore Real Estate Newsletter
Email: