Blog by Daren Gull, Realtor

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Calgary Luxury Homes For Sale July 6, 2012

For the purpose of this report we are defining luxury homes as those that are priced over $750,000, but this is a subjective measurement.

There are currently 882 Luxury Homes for sale over $750,000 in the Calgary area.

Price Range

The Luxury Calgary listings range in price from $750,000 for a 2701 square foot house in the Auburn Bay area at 17 Auburn Sound Case to $12,000,000 for a 9300 square foot home in the Aspen Woods area at 44 Aspen Ridge HT SW.

Current Listings

From July 1, 2012 through July 6, 2012 there have been 38 new listings in the Luxury market of Calgary for sale ranging in price from $765,000 2001 square foot home in the West Hillhurst area at 511 18th Street NW to $6,750,000 for a 5301 square foot house in the Elbow Park Glencoe area at 718 Riverdale Avenue SW.

Days on Market

The average days on market is 63 and the median days on market is 44.

Price Increases and Decreases

There has been 25 price increases; one up 10% from $1,999,999 to $2,195,000 and 267 price reductions on the 882 luxury homes for sale in the Calgary area. The reductions range from 1% to 20% with the average being 4%. The 20% drop was from $1,465,900 to $1,172,700.

Price Range of Current 882 Luxury Homes For Sale in the Calgary Area Over $750,000

There are currently 458 homes priced under $1 million

$ 700,000 - $800,000 – 136 homes
$ 800,000 - $900,000 – 203 homes
$ 900,000 - $1,000,000 – 119 homes
$ 1 - 1.1 million - 40
$ 1.1 - 1.2 million - 67
$ 1.2 - 1.3 million - 58
$ 1.3 - 1.4 million - 34
$ 1.4 - 1.5 million - 39
$ 1.5 - 1.75 million - 53
$ 1.75 - 2.0 million - 41
$ 2.0 - 2.5 million - 37
$ 2.5 - 3.0 million - 31
$ 3.0 - 4.0 million - 10
$ 4.0 - 5.0 million – 8
$ 5.0 - 6.0 million – 2
$ 6.0 - 7.0 million – 1
$ 7.0 - 8.0 million – 0
$ 8.0 - 9.0 million – 2
$ 9.0 - 10.0 million – 0
$ 10.0 - 11.0 million – 0
$ 11.0 - 12.0 million – 0
$ >12 million – 1

Calgary Luxury Homes For Sale by Community

Altadore / River Park -  46
Arbour Lake -  2
Aspen Woods - 39
Auburn Bay -  7
Banff Trail -  3
Bankview -  3
Bayview -  7
Bel Aire -  7
Bowness -  10
Brentwood -  1
Briar Hill -  10
Bridgeland -  9
Britannia -  8
Cambrian Heights -  4
Canyon Meadows Estates -  3
Capitol Hill -  5
CFB Currie -  1
Chaparral -  7
Charleswood -  1
Chinook Park -  3
Christie Park Estate -  10
Citadel -  1
Cliff Bungalow -  3
Coach Hill -  2
Collingwood -  4
Connaught -  1
Coral Springs -  1
Cougar Ridge -  2
Country Hills -  2
Cranston -  14
Crescent Heights -  10
Crestmont -  6
Dalhousie -  3
Diamond Cove -  2
Discovery Ridge -  29
Douglasdale Estates -  3
Downtown East Village -  2
Eagle Ridge -  3
Edgemont -  6
Elbow Park / Glencoe -  33
Elboya -  8
Erlton -  4
Evanston - 3
Evergreen -  8
Forest Lawn -  1
Garrison Green -  1
Glenbrook -  1
Glendale / Glendale Meadows -  3
Hamptons -  6
Hawkwood -  5
Highland Park -1  
Hillhurst -  15
Huntington Hills -  1
Inglewood -  5
Kelvin Grove -  6
Killarney /Glengarry -  17
Kingsland -  2
Lakeview - 1
Lakeview Village -  6
Lake Bonavista Estates -  6
Lower Mount Royal -  4
Lynx Ridge Calgary -  4
Mahogany -  1
Mayfair -  2
McKenzie Lake -  16
McKenzie Towne -  2
Meadowlark Park -  5
Mount Pleasant -  9
Mount Royal -  33
None -  2
North Glenmore -  2
Oakridge Estates -  2
Out of Area Calgary -  2
Panorama Hills -  13
Parkdale -  18
Parkhill / Stanley Park -  8
Parkland -  1
Prominence /Patterson -  9
Pump Hill -  8
Ramsay -  3
Renfrew / Regal Terrace -  6
Richmond Park / Knob Hill -  28
Rideau Park -  4

Riverbend -  3
Rocky Ridge Ranch -  24
Rosedale -  5
Rosscarrock -  2
Roxboro -  5
Royal Oak -  7
Saddle Ridge -  1
Sage Hill -  2
Scarboro -  3
Scenic Acres - 4
Shaganappi -  6
Shawnee Slopes / Evergreen East -  9
Sherwood Calgary -  1
Signature Parke -  4
Signal Hill / Sienna Hill -  8
Silverado -  3
South Calgary -  17
Springbank Hill -  34
St Andrews Heights -  3
Strathcona Park -  1
Sundance -  4
Sunnyside -  3
Taradale -  1
The Slopes -  16
Tuscany -  11
Tuxedo -  2
University Heights -  1
Upper Scarboro -  1
Valley Ridge -  5
Varsity Acres -  2
Varsity Estates -  9
Varsity Village -  2
West Hillhurst -  32
West Springs -  29
Westgate -  1
Wildwood -  4
Willow Park Estates -  7
Windsor Park -  3
Winston Heights / Mountview -  9
Woodbine -  1
Woodlands -  2