Calgary Luxury Home Market Report: May 2013

Calgary’s luxury home market climbed to a new high in May, breaking the sales record set a year ago.

A total of 84 properties sold for a million dollars or more last month comprised of 76 single family homes and 8 condos.   That surpassed the previous all-time sales record of 80 from May 2012.

May 2013 Calgary Luxury Sales

May 2013 Calgary Luxury Sales

The most expensive sale was a 3100+ sq foot unit at the Princeton Grand in Eau Claire which sold for $ 2,862,500.

The most active communities were:

  • Altadore/River Park, 8 sales
  • Elbow Park / Glencoe, 7 sales
  • Aspen Woods, 6 sales
  • Mount Royal, 5 sales

Fifteen homes sold for list price or above.

One particular Roxboro home was listed for $2,295,000 and sold for only $1,525,000.  The reason?   It was one of the homes caught in the blaze a few weeks ago and sold for land value only since the home needs to be demolished.    It’s a shame – it was a beautiful 3100 square foot home (see before pictures)

Roxboro Fire

Roxboro Fire

Year-to-date, high-end sales have increased nearly 33% with 320 transactions compared to 241 during the same period last year.

Jan-May Sales: y/y comparison

Jan-May Sales: y/y comparison

If you have any questions or would like more info, please feel free to contact me at:  mike@findcalgary.com

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One response to “Calgary Luxury Home Market Report: May 2013

  1. Pingback: September 1-21, 2013 Calgary Real Estate Market Update | Calgary Real Estate Review

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