Calgary's luxury home market is making headlines again, as a recent report has named our city one of the most 'robust markets for luxury homes'.
Sotheby's International Realty released a report this week that states the baseline entry point for a single-family luxury home in Calgary has reached the $2 million point. Year-to-date, there have been 204 luxury home sales in our city of properties over $1 million (according to statistics from CREB).
A story in the Calgary Herald today stated:
“According to agents surveyed, top-tier single-family homes start at $2 million dollars with a minimum of 3,500 square feet and are typically in the Traditional, Craftsman/Arts and Crafts, Westcoast Modern or Character architectural styles,” said the report. “‘Must-have’ features include access to schools and shopping, views of downtown, park, river or mountains, and the most desirable neighbourhoods are (Mount) Royal, Brittania, Bel-Aire, Aspen, Springbank Hill, Elbow Park/Elbow Valley, and Inner City Southwest/Westside.”