How was $1M+ luxury real estate in Calgary – March 2025?

Calgary Christian Realtor, Calgary real estate team

In March 2025, the Calgary real estate market for detached homes over $1M dollars remained active, reflecting strong buyer demand across various price segments. The sales volume, price trends, and community-specific insights indicate a dynamic market with variations in pricing and demand across different areas.

Price Range Trends

The detached home market showed varying trends across different price points:

• $1M – $1.5M:

  • This price range saw a healthy level of activity, with many sales occurring in desirable inner-city and suburban communities.

  • Buyers in this segment were primarily move-up buyers and investors seeking premium properties in well-established neighborhoods.

  • Homes in this range generally spent a moderate number of days on the market, with well-priced and upgraded properties selling quickly.

• $1.5M – $2M:

  • Sales in this segment remained strong, particularly in communities offering larger lot sizes and luxury finishes.

  • High-end buyers were focused on newer builds and extensively renovated properties, reflecting a preference for modern features.

  • Some properties in this range took slightly longer to sell, particularly those with unique or niche features.

• $2M+ Market:

  • The luxury market continued to attract buyers despite higher interest rates and economic fluctuations.

  • Many homes in this bracket were custom-built estates in exclusive neighborhoods.

  • While the volume of sales was lower compared to the mid-tier markets, demand remained steady for high-end properties with premium features.

Community Market Trends

Several communities stood out in March 2025 due to increased sales activity or notable price trends:

• Inner-City Areas (Altadore, Mount Royal, Elbow Park)

  • Continued to be in demand for their proximity to downtown and high-end amenities.

  • Buyers sought modern infill homes, leading to competitive pricing and quick sales for well-designed properties.

  • Homes in these areas generally maintained strong price points, reflecting their desirability.

• West Calgary (Aspen Woods, West Springs, Springbank Hill)

  • Remained popular among families looking for larger homes with modern upgrades.

  • Sales activity was robust, especially for properties with upgraded interiors and premium lots.

  • Prices remained stable, with slight increases in high-demand pockets.

• Northwest & North Calgary (Evanston, Nolan Hill, Tuscany)

  • Attracted buyers looking for value and newer homes in family-friendly areas.

  • Detached homes here were more affordable than inner-city counterparts, making them appealing to first-time and move-up buyers.

  • Prices remained stable, with strong competition for well-maintained properties.

• South & Southeast Calgary (Mahogany, Legacy, Cranston)

  • High interest in lake communities and newer developments continued.

  • Detached homes in these areas saw consistent demand, with well-priced properties moving quickly.

  • Buyers prioritized homes with modern layouts, finished basements, and upgraded kitchens.

• Luxury Market (Elbow Valley, Bearspaw, Britannia)

  • Sales in the ultra-luxury market were more selective, with buyers prioritizing unique architectural styles and large land parcels.

  • Prices in this segment were stable, though negotiation flexibility was evident for premium properties.

Key Takeaways

• Sales Activity: March 2025 experienced solid sales volumes across most price points, with mid-tier homes ($1M – $1.5M) showing the most activity.

• Days on Market: Well-priced and move-in-ready homes sold faster, while higher-priced and niche properties took longer.

• Buyer Preferences: Modern finishes, larger lot sizes, and prime locations remained top priorities.

• Market Stability: Prices remained strong, with certain high-demand communities seeing slight increases.

As of the end of March 2025, there were 483 active detached home listings in the Calgary market, with the majority priced above $1 million. The overall market remained stable, especially in the luxury segment ($1.5 million and above), which continued to see strong supply and demand.

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