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Calgary Luxury Homes Market Update November 2013

  • November 28, 2013
  • By Cody Battershill

Calgary Luxury Homes Sales Market Update November 2013Luxury Homes Calgary

Luxury home sales in Calgary and region are continuing to do very well in November as they have done so in the past several months; so well in fact that 2013 will be a record breaking year for the amount of luxury homes sold.

Favourable economic conditions have led to more home buyers purchasing upscale real estate than ever before. This is especially true for Calgary’s inner city neighbourhoods where space is limited and demand is high, leading to premium prices.

According to the chief economist with the Calgary Real Estate Board (CREB®), Ann-Marie Lurie, the boost in luxury sales shows how confident buyers are in the local estate market over the long term. This is a trend continuing from the previous year, when Calgary saw a record number of million dollar homes sold.

Month to Date Sales Statistics

  • 48 luxury homes over the $1 million dollar marker have been sold since Nov 1st, 2013
  • Previous record of luxury homes sold was in November 2012, at 48
  • 2,719 average square feet in size
  • $1,496,372 average listing price
  • $1,416,732 average sales price
  • 69 days average time spent on the market

Year to Date Sales Statistics

  • 708 luxury homes over the $1 million dollar marker have been sold since Jan 1st, 2013
  • 2,896 average square feet in size
  • $1,566,354 average listing price
  • $1,496,774 average sales price
  • 63 days average time spent on the market

*Sourced from MLS®

With only a few days left in the month of November, it is reasonable to assume that the luxury home sales record set by November 2012 will be broken,  as the monthly records have been for every month this year, save January.

Earlier this year, Shaw Cable’s CEO Jim Shaw sold his mansion in Crescent Heights for a whopping $11.1 million dollars. It set the record for the most expensive home sale ever on Calgary’s MLS® system.

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Questions about Luxury Real Estate?

Luxury home buyers advice…from an experienced luxury REMAX realtor in Calgary today! I would love the opportunity to share with you my intimate knowledge of the local luxury real estate market while providing you with the best service in the industry. Call me today or message me below for a prompt response. Satisfaction Guaranteed Remax Calgary

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