Calgary Luxury Home Sales Sink 59 Percent In February

Calgary’s high-end market acutely felt the sting of low buyer confidence & uncertain economic conditions as sales of $1 million-plus homes fell -59% year-over-year.

Only 27 luxury properties sold during February compared to 66 a year earlier.  Sales were also below the 5 and 10 year average for the month.

West Hillhurst led the way with 5 homes selling for over $1 million, followed by Aspen Woods and Chaparral with 3 sales a piece.  The highest sale price was $3,650,000 for a home in the SW community of Britannia.

There are currently 571 listings in Calgary with an asking price of $1 million or higher.

(click to enlarge)

Calgary luxury home sales, February, Y/Y comparison

2 responses to “Calgary Luxury Home Sales Sink 59 Percent In February

  1. Why there is a big difference between yours and CREB stats today?eg. avg prices of all,listings..
    TK

  2. Hi TK,

    CREB® had a network outage last night – the stats showing on their homepage for March 2015 are currently incorrect.

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