Find out how much your current home is worth in today's market.
The Luxury Home Market has experienced notable activity in recent years, with several communities standing out for their upscale offerings and desirability. Here's a concise overview:
Market Overview:
Stable Median Prices: In the first eight months of 2024, Calgary's luxury property median price remained relatively flat, experiencing a slight 0.3% decrease year-over-year to $2,143,000.
Increased Sales Activity: During the same period, luxury property sales saw a significant rise of 30.9%, indicating robust demand in the high-end market.
Buyer Demographics: Many luxury buyers are relocating from other major Canadian cities, attracted by Calgary's competitive pricing and larger lot sizes, especially in communities close to the downtown core.
Bel-Aire: Known for its exclusivity and privacy, Bel-Aire offers large lots adjacent to the Calgary Golf and Country Club. In 2018, the average home price was $2,318,929.
Britannia: This coveted community features mid-century modern architecture and contemporary mansions. The average detached home price in 2023 was $2,052,000.
Elbow Park: A historic neighbourhood with tree-lined streets and proximity to downtown, Elbow Park had an average detached home price of $1,980,758 in 2023.
Eagle Ridge: Offering seclusion and natural beauty near the Glenmore Reservoir, Eagle Ridge had an average home price of $1,485,000 in 2018.
Roxboro: A tight-knit community with diverse architecture and close to the Elbow River, Roxboro's average home price was $1,420,000 in 2018.
Calgary's Luxury Real Estate Market offers a blend of stability and growth, with diverse communities catering to discerning buyers seeking upscale living in prime locations.
Luxury Real Estate is defined by a combination of factors that go beyond just price. Here’s what typically qualifies a home as luxury real estate:
Price Point:
Prime Location:
High-Quality Materials & Finishes:
Exceptional Amenities:
Exclusivity & Prestige:
Market Demand & Rarity:
For Expert Guidance in navigating the Luxury Real Estate Market, consider reaching out to Stewart J. Lowe, an award-winning realtor with over 23 years of experience, specialising mainly on Country Residential Acreages. In 2010, he became a Certified Guild Member of The Institute for Luxury Home Marketing, recognised for his proven sales and exceptional client service. Stewart is known for his friendly, warm, and professional approach, ensuring a seamless real estate experience. Why not request a no-obligation Marketing Consultation
Achieving Guild Recognition
***As a Guild Member of The Institute for Luxury Home Marketing™ Team Leader Stewart J Lowe is part of an International Network of Real Estate Professionals who specialise in the Luxury Market. With the back-up of the Institute it makes sense for us to represent you, why not request a no obligation Marketing Consultation!
GLOBAL & LOCAL REACH
Row As with other property types, year-over-year sales fell by over nine per cent while new listings increased by almost four per cent. Despite the sales decline, both sales and new ...
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Members of The Institute for Luxury Home Marketing who hold the CLHMS designation (Stewart J Lowe-Calgary & Area) have successfully documented performance in the TOP 10% of their markets, ...
1. Home Price Growth Projected Increase: The average Calgary home price is expected to rise by approximately 4.5% this year, driven by growing buyer confidence and easing interest rates. ...
Find out how much your current home is worth in today's market.