Calgary's Real Estate Overview

As Calgary's real estate landscape continues to evolve, December saw a slight decline in home sales compared to the previous year. Despite this, sales remained approximately 20% higher than the long-term average, showcasing the city's robust market resilience. According to the Calgary Real Estate Board, a total of 1,322 homes were sold in December, reflecting a 2.9% decrease from December 2023 and a 26.3% drop month-over-month from November.

Calgary's Home Prices and Inventory

The benchmark price for all home types in Calgary reached $583,300 in December, a modest 0.8% decrease from the previous month but still a notable 3.2% increase year-over-year. With 1,239 new listings hitting the market, the competition remains fierce, though inventory is slightly lower than last year.

High-End Market Trends

Throughout 2024, higher-priced homes have continued to gain traction, offsetting declines in lower-priced ranges amidst ongoing supply challenges. Here's a glimpse of the five most luxurious residential properties currently on the market in Calgary:

1. $8.99 Million Historical Mansion in Upper Mount Royal

This captivating residence at 930 Prospect Avenue S.W. is steeped in history, known as the "Burns Residence." Built in 1912, this grand 5,298-square-foot mansion was originally owned by Alfred Price of the Canadian Pacific Railway and has seen notable ownership over the years. Set on a lush half-acre lot, the mansion boasts five bedrooms, six full bathrooms, and three half-baths. A major highlight is the stunning pool adjacent to a glass cabana that doubles as a bar or greenhouse. This iconic property has been listed for a commendable 132 days.

2. $8.75 Million Montreal House in Lower Mount Royal

Constructed by acclaimed architect Jeremy Sturgess in 2015, this 4,062-square-foot marvel at 1308 Montreal Avenue S.W. features an innovative design that emphasizes privacy and natural light. With five bedrooms and a beautifully constructed urban courtyard, the home showcases stunning views thanks to its 18 cantilevered beams that shield the west-facing windows from the sun. It has been on the market for 195 days, embodying modern luxury.

3. $7.25 Million Eagle Ridge Bungalow

Sprawling across a double lot at 40 Eagle Ridge Place S.W., this gated 1971 bungalow is perfect for those who appreciate elegance and functionality. Featuring four above-grade bedrooms and seven luxurious bathrooms, the interior is adorned with exquisite finishes. A culinary enthusiast's dream, the home boasts a professional-grade kitchen with a walk-in cooler and commercial-grade appliances. This property, remarkable for its spaciousness and sophistication, has been listed for 92 days.

4. $7 Million Upper Mount Royal Mansion

Experience the unparalleled luxury of this 2009 mansion located at 2906 Marquette Street S.W. The home features a unique swim-in-place lap pool equipped with an underwater treadmill, an elevator, and a full-fledged home theatre. The elegant design includes a dramatic free-standing staircase and a spacious living room with impressive views and a cozy fireplace. This exquisite residence offers ample parking for up to five vehicles and has only just hit the market.

5. $6.6 Million Bel-Aire Bungalow

At 1020 Bel-Aire Drive S.W., this beautiful bungalow built in 1972 spans over 4,000 square feet. It offers three primary bedrooms, with additional space in the basement, plus seven bathrooms and two partial baths. The main level exudes luxury, featuring a spa-quality en suite bathroom, while the basement highlights include a wine cellar and a theatre, making this an exceptional retreat. This incredible property has been on the market for 159 days.

Conclusion

As the Calgary real estate market continues to captivate potential buyers, these luxurious homes embody the pinnacle of upscale living. With their rich histories and opulent features, they represent not just properties but a lifestyle choice. Will you seize the opportunity to own one of these stunning residences?