Calgary luxury home resale market sets all-time record May establishes peak level for MLS sales

An all-time record has been set this month for the most sales ever for $1-million plus MLS properties in Calgary.

According to Mike Fotiou, associate broker with First Place Realty, as of late Friday afternoon there have been 88 sales in the luxury market so far this month, eclipsing the previous record of 83 set in May 2013.

There have been 85 single-family homes and three condos sold at the luxury level this month.

The most expensive sale was at $4.85 million in the Bel-Aire neighbourhood.

The neighbourhoods of Altadore/River Park and Aspen Woods are leading the way with nine luxury sales each for the month.

The Calgary residential real estate market set an annual record last year for most sales ever at that price point and it is on pace this year to break that mark.

In 2013, there were 732 MLS luxury transactions, eclipsing the previous record of 544 in 2012.

 

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