New Sales Record For January
Calgary’s luxury home market continues to perform at an unprecedented level.
Sales records were set for every month except January and December last year. By the end of 2013, a total of 727 high-end properties had sold, a 33.6% hike from 2012 which had been a peak year itself.
Yet somehow the market is off to an even better start in 2014.
Thirty-eight single family homes and 3 condominiums sold for at least $1M during January, eclipsing the previous high for the month set back in 2007 and was a 20.6% jump y/y.
The most expensive sale was an Elbow Park home which sold for $2,950,000. You can view pictures of the listing here.
Elbow Park was also one of the most active communities with 3 sales during the month, along with Altadore, Hillhurst & West Springs.
There are currently 375 luxury homes listed: 334 single family & 41 condominiums.