Southeast Calgary’s Luxury Real Estate Market: An Inside Look at High-End Homes and Communities
April 17, 2023
Calgary’s southeast luxury homes market is booming. Since 2021, the market has seen a steady increase in the number of sales of high-end homes. In 2022, 1,280 homes priced over a $1 million sold, an increase of 16% from the previous year. This year is on track to match or beat this record.
With a booming economy and high inter provincial migration, Calgary’s southeast luxury real estate market 2023 is defying the national luxury home trends. Where other cities are seeing a marked decline in luxury home sales, Calgary’s market continues to hold strong.
As the luxury real estate market sales in other provinces fall, people are looking at Calgary’s southeast real estate market for affordable, luxury homes. This demand for high end homes continues to create a shortage in Calgary’s upscale housing market.
Calgary’s southeast luxury homes come in a range of high-end single-family houses, townhouses, and condos. Whether the home is a spacious dwelling with luxurious fixtures and amenities or a strategically located condominium in the most upscale neighbourhood, there is something for everyone.
Calgary’s luxurious southeast neighbourhood easily attracts homebuyers and Calgary’s luxury home builders because it has beautiful, well-established neighbourhoods, ample greenspaces, and upscale amenities as well as a variety of beautiful modern luxury homes and condos for single professionals and families to choose from.
One of the reasons Calgary’s upscale southeast communities are one of the more desirable locations to buy a luxury home is because there are more lakefront properties and urban trails that connect in this end of the city easily and quickly to downtown than any other area in the city.
The southeast part of the city has many naturally beautiful outdoor parklands and greenspaces for residents to enjoy throughout the year. Along with the natural beauty that surrounds the communities, Calgary’s luxury home builders are attracted to the close amenities including easy-to-access shops, personal services, spas, theatres, restaurants, and hotels. The area boasts a diverse selection of entertainment venues and amusements, as well as employment opportunities in all industries.
Calgary’s southeast communities also attract buyers who are looking for a safe and family-friendly neighbourhood. The region has numerous public and private schools for all grade levels as well as a wide selection of family friendly indoor and outdoor activities.
Calgary’s southeast real estate homes are attracting buyers from other provinces because home buyers get more home for their money. Housing prices in other major cities like Vancouver or Toronto are up to two times higher or more than homes in southeast Calgary. Even with the high mortgage rates, Calgary’s luxury real estate market is more affordable than other major cities so home buyers can enjoy being house rich without the worry of being pocket poor.
On average, Calgary’s luxury southeast single-family homes range between over 1,300 square feet to 3,100 square feet, have 4 bedrooms and 3.5 bathrooms. In Vancouver, the average home in the same price range is only 1,200 square feet, has 2 bedrooms and 2 bathrooms. Likewise, in Toronto, the same priced house is under 2,000 square feet and has 2 bedrooms and 2 bathrooms. Along with the smaller housing options, there is less greenspace available compared to the luxury homes in Calgary’s southeast neighbourhoods.
This year is the perfect time to buy a Calgary luxury home in the city’s southeast neighbourhood. For anyone looking to buy a luxury home to in Calgary’s real estate market, they can be reassured they are getting the maximum value for their home. With interprovincial and inter global migration to Calgary keeping the supply low and demand for quality housing high, the upscale housing market in Calgary’s southeast neighbourhood is not going to see a fall in prices like luxury housing market real estate prices in other major cities across the country.