Ultra-Luxury Calgary Homes – It’s Been a Record-Breaking Year

Posted by on Thursday, November 13th, 2014 at 8:47pm.

What is the difference between a luxury home and an ultra-luxury home? About $2 million, give or take. A luxury home is a property that is worth at least $1 million while an ultra-luxury home has a value of at least $3 million. So far this year, the sales of ultra-luxury homes and luxury homes have been beating past records.

In the ultra-luxury market, there have already been 23 sales in the Calgary region so far this year. Last year, a total of 16 were sold. There is still quite some time left in the year to raise the number of homes that have been sold so far in 2014.

The demand for these high-end ultra-luxury homes is growing. People are looking for condos, estates and everything in between. The driving force behind this high demand is the confidence that home buyers have in the Calgary economy. It's expected that this demand will continue into 2015.

In June, 104 luxury homes with a value of $1 million or more were sold. This set the all-time high record for any month and other monthly records continued to be set throughout 2014. Last year, a total of 726 luxury homes were sold, which was an annual record, and this number has already been surpassed this year.

Ultra-luxury and luxury homes can be found in various neighbourhoods across the city. More and more people are looking at the higher end spectrum of real estate here in Calgary and the market is booming. Whether you're looking for a new modern luxury condo or want a historic family estate, you'll be able to find a great selection on the Calgary listings.

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