February 2021 Statistics
The Bow Valley real estate boom continues! Here are the facts for February:
The Median sold price in February was $697,250. Listings sold for 98.87% of their asking price. The median price has increased by 4% since February 2020.
165% more properties sold this month than in February 2020. And we have 31% fewer listings than we had at this time last year.
The median days it took to sell a property were 34, but many sold in under a week!
The highest sale last month was $2,199,000 and there were 6 sales above 1.9M.
7 homes sold above their asking price. Which is about 10.6% of all properties that sold last month, although mostly this happened at the lower end of the market.
This all means, if you're thinking about selling, it might be a good time!
If you are a buyer the best strategy is to watch the market closely and be as organized as possible to be available to make a strong offer. I'd be happy to chat about your unique situation, feel free to reach out!
* These stats are for Canmore, Banff, Lac Des Arc, Dead Man's Flats, and Harvie Heights. I have included only properties $250,000 + to only show 'full ownership' statistics. All statistics provided by Pillar 9.*