Thank you for searching real estate properties listed above 1 million dollars in Calgary, Alberta and the surrounding country residential areas.
Did you know that approximately 500 million dollar plus homes have been sold so far this year? In fact, there was a substantial increase of sales in the $1M to $1.25M bracket, with activity jumping 33% from last year. Sales also ramped up in the $1.25M to $1.5M bracket with 110 deals this year to date, up 14% from 97 during the same period in 2016.
Despite these numbers being down overall from the highs of 2014, Macdonald Development Corporation’s senior director of development, Matthew Jones, says there is still considerable interest in the luxury housing market. Jones notes Watermark at Bearspaw (a Morrison Bone favourite community) where homes start at $1.1 million and show consistent sales over the past 3 years as proof. Jones, and Morrison Bone attribute low mortgage rates as a factor in consistent high-end housing sales with many homebuyers understanding that upgrading their homes now will only lead to an increase in future value. In 2015, The Watermark at Bearspaw specifically sold 13 quick possession homes between $1.5M to $3.5M ranging from 3,212 to 8,644 square feet.
Sources: CREB, 2017
Facts Last Updated: September, 2017