Blog by Daren Gull, Realtor

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SW Calgary Luxury Homes For Sale August 15, 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 284 Luxury Homes for sale over $750,000 in the SW Calgary area.

Range

The Luxury SW Calgary listings range in price from $750,000 for a 2476 square foot house in the Springbank Hill area at 2415 Cortine Drive SW to $11,495,000 for a 9300 square foot home in the Aspen Woods area at 44 Aspen Ridge HT SW.

Current Listings

From July 6, 2012 through August 15, 2012 there have been 22 new listings in the Luxury market of SW Calgary for sale ranging in price from $759,900 for a 2158 square foot home in the Springbank Hills area to $ 2,250,000 for a 3497 square foot house in the Aspen Woods area.

Days on Market

The average days on market is 71 and the median days on market is 62.

Price Increases and Decreases

There has been 4 price increases and 84 price reductions on the 284 luxury homes for sale in the SW Calgary area. The reductions range from 1% to 15% with the average being 4%. The 15% drop was from $1,890,000 to $1,599,000.
Price Range of Current 284 Luxury Homes For Sale in the SW Calgary Area Over $750,000

There are currently 458 homes priced under $1 million

$ 700,000 - $800,000 – 22 homes
$ 800,000 - $900,000 – 42 homes
$ 900,000 - $1,000,000 – 32 homes
$ 1 - 1.1 million - 9
$ 1.1 - 1.2 million - 17
$ 1.2 - 1.3 million - 17
$ 1.3 - 1.4 million - 14
$ 1.4 - 1.5 million - 14
$ 1.5 - 1.75 million - 31
$ 1.75 - 2.0 million - 22
$ 2.0 - 2.5 million - 25
$ 2.5 - 3.0 million - 26
$ 3.0 - 4.0 million - 6
$ 4.0 - 5.0 million – 3
$ 5.0 - 6.0 million – 2
$ 6.0 - 7.0 million – 0
$ 7.0 - 8.0 million – 0
$ 8.0 - 9.0 million – 1
$ 9.0 - 10.0 million – 0
$ 10.0 - 11.0 million – 0
$ 11.0 - 12.0 million – 1
$ >12 million – 0

SW Calgary Luxury Homes For Sale by Community

Altadore_River Park - 40
Aspen Woods - 36
Bankview - 3
Bel Aire - 6
Christie Park Estate - 4
Cliff Bungalow - 2
Connaught - 1
Downtown East Village - 2
Elbow Park_Glencoe - 30
Elboya - 10
Garrison Woods - 2
Lower Mount Royal - 3
Mount Royal - 29
Parkhill_Stanley Prk - 3
Prominence_Patterson - 8
Pump Hill - 11
Rideau Park - 2
Roxboro - 5
Scarboro - 3
Springbank Hill - 46
The Slopes - 14
West Springs - 22
Woodbine - 2