$5M Home Sells in Elbow Park

A home sold yesterday in Elbow Park for $5,050,000 – less than a month after a Rideau Park property had previously set the 2011 record for the highest Calgary MLS® sale price.

The home was built by Empire Custom Homes and has approx 9200 sq ft of living space.  You can view more details and pictures of the home listed by Royal Lepage Foothills here.

Year-to-date (Jan 1-Dec 10, 2011) there have been 413 SFHs that have sold for $1M or more.  Compare that to previous years during the same span:

2010: 332
2009: 299
2008: 343
2007: 423
2006: 301

Related Articles:

Luxury Home Sales Spike (Calgary Herald, December 10, 2011)
Is the Luxury Segment Reflective of True Market Conditions?  (CRR, July 2010)

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