The Herald reports Calgary’s luxury home market hit an all-time sales record in August, with a third of the month still left on the calendar.
According to Mike Fotiou, associate broker for First Place Realty in Calgary, between August 1st and August 19th, 42 homes sold for $1 million or more on the MLS market.
“Even if no more high-end homes sell for the remainder of August, sales would still end up 31 per cent (year-over-year),” the Herald quotes Fotiou as saying.
With those kind of sale numbers, one has to wonder if there are anymore luxury homes left…
A quick search of Calgary’s MLS listings show that there are indeed still a number of high-end homeowners looking to cash in on the health of the luxury market — 620, in fact.
Among the most expensive listings is a six-bedroom, seven-bathroom Mount Royal walkout with an indoor pool priced at $8.5 million.
The home’s million-dollar highlight via the MLS listing: “The full sized indoor pool features a dive board and jump platform, plus sauna and steam rooms. The pool house opens to the outdoor grotto with hot tub.”
Not too far away is a 5,113-square-foot three-bedroom luxury condo in The River development listed for just under $8 million.
“Perfect for discerning individuals looking to transition from estate homes to lock-and-go living,” the listing says.
If you look outside the city prices climb even higher. Within 60 kilometres of Calgary are two $12 million listings. The first, a five-bedroom, nine-bathroom home (with its own nanny wing) on a 117-acre property in Rocky View County near Ghost Lake.
The second $12 million listing is another acreage atop a ridge in the Alberta Foothills.
“…this elegant home with it’s magnificent views from every room often feels as if it is floating alone in paradise,” the MLS description boasts.
If we step back and look at luxury homes across the province we find Alberta’s most expensive listing: a $12.7 million mansion in Canmore’s exclusive Cairns on the Bow gated community.
“Features include exceptional architectural design, the great hall with towering totem poles, six bedrooms, a hidden staircase leading to the stone wine grotto, massive wood-burning stone fireplaces, a two-storey library, an opulent kitchen, a lavish formal dining room, designer furnishings and fabrics, a passenger elevator, a ‘Chauffeur’s’ quarters, a lower level theatre room and a large games room.”
We feel enriched just by having read the description.
If the record-breaking sales and currently listings are any indication, Calgary and Alberta’s real estate market is a healthy as it is wealthy.