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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