David Pellettier Real Estate Blog

Sales of Luxury Homes in Calgary are Up Again

The luxury home market in Calgary continues to be among the top performers in Canada yet again, with an 18% increase in sales of homes over $1 million in the first half of 2014. CREB® states that a thriving economy, high average incomes and an increase in new Calgarians has contributed to the jump in luxury home sales. 

 

Million-plus home sales within city limits continue to rise representing a larger share of total sales activity. - CREB® press release

A breakdown of the luxury home sales activity in the first half of this year shows:

 

• 462 sales of homes over $1 million

• Luxury home sales represented 3.32% of all home sales in Calgary the first half of the year

 

2014 represents the first time (over the same six-month period) the share of sales in the $1-million-plus sector were larger than those in prices at $200,000 or less — a testament to the growing importance of Calgary’s luxury sector and to the increasing earning power of Calgarians. - CREB® press release

To read the full press release from CREB®, and to find out more about the luxury home market in Calgary, see this link. You can also contact me at any time. 

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.