Calgary Luxury Home Market In Review For 2013

A banner year for Calgary’s luxury home market was bookended by the only two months not to set a monthly sales record.

A total of 727 properties sold for a $1M or more in 2013, smashing the previous annual peak set in 2012 by 33.6%.   High-end condo sales surged 88.9% year-over-year.

Calgary Luxury Home Sales by Year

Calgary Luxury Home Sales by Year

The year was marked by 10 consecutive months of new monthly records. January & December were the only months throughout the year not to see a new a sales peak established for their respective months.

Calgary Luxury Home Sales In 2013

Calgary Luxury Home Sales In 2013

In December, a total of 37 properties sold for $1M more, falling 1 sale short of the monthly peak set in 2012.    It was also the only month not to see a year-over-year sales increase.

Calgary Luxury Home Sales - 2012 2013 comparison

Calgary Luxury Home Sales – 2012 2013 comparison

Calgary Luxury Home Sales - December 2013

Calgary Luxury Home Sales – December 2013

Top Sales of 2013

The most expensive sale of the year and also an MLS® record for Calgary was a Crescent Heights home that sold for $11,100,000.  View pictures and info of this home here.

An Aspen Woods home was the second priciest sale of 2013, selling for $10,350,000.   View pictures and info of this home here.

Mount Royal boasted the third most expensive sale at $4,750,000. View pictures and info of this home here.

Most Active Communities

The community with the most high-end sales was Elbow Park/Glencoe with 50, followed by Springbank Hill (46) and Altadore/River Park (45).   The top 10 most active communities represented nearly half of the total luxury sales in the city. (Two way tie for the 10th spot)

Most Active Communities

Most Active Communities

To start off the new year, there are 289 single family homes and 37 condos listed for $1M or more, down -16% from the previous month.

If you have any questions or are interested in having me assist you in buying or selling real estate, please contact me at mike@findcalgary.com or at 403-554-2284

Mike Fotiou
Associate Broker, CCS
First Place Realty

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