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Luxury Real Estate Market Rebounds

There have been two significant home sales in Canmore this December that point to the luxury market rebounding. This segment of the market has been soft for almost a decade and has come back to life in 2017; there have been 12 sales so far this year above $2,000,000 while there were only five in 2016.

The renewed confidence in the upper end of the Canmore real estate market is due to a return of confidence in the Alberta economy and those looking to move to a larger home in the area on a more permanent basis. These sales bode well as we enter 2018 with a very limited number of homes on the market.

11 Prospect Heights, Canmore

On Canmore’s most exclusive and sought after street, this home sold for $4,038,000 and is the second highest residential resale ever in Canmore.

This executive built custom home is in one of the Rocky Mountain’s most desirable locations. The river side of Prospect Heights has renowned views of both the incredible Canadian Rockies and the majestic Bow River. This is a premium lot because the designer allows for incredible views up and down the river valley. A grand entry takes you into a beautiful open concept that features a world class kitchen. The living room wraps around the river bank to allow you the most inspiring views. Walking out on the large deck you are afforded the best that nature has to offer. The emerald green waters of the Bow River & towering mountain peaks are all for you to enjoy thanks to a thoughtful layout and superior construction. A beautiful master suite & 3 additional bedrooms all with their own bathroom, plus a 3 car oversized garage give this home rare features. The walk out basement had a large media room, gym, walk in wine cellar, and rec area. 4,800 sqft + of Luxury Living

MLS C4147390

6-226 Benchlands Terrace

Expansive views of the Bow Valley and Silvertip Golf Course, this bespoke home sold for $3,825,000.

Truly one of the most spectacular locations, this custom estate home is perfectly perched on 14,000+ SF of land, to capture stunning mountain vistas. Bask in the views of the Three Sisters, the Rundle Range & Cascade. Treed reserve land neighbours the home on 2 sides providing a tranquil setting. The superbly crafted floor plan combined with luxury finishings & magnificent windows to create true mountain elegance. The beautiful great room features 22 ft ceilings with a stone fireplace & 2 walls of glass leading out to 2 adjacent decks. Enjoy entertaining in the gourmet kitchen with Thermador appliances & large quartz island. The peaceful master retreat features private sitting area, his & hers walk-in closets & luxurious ensuite. Completing this level is a den & powder room. The spacious ground level offers a cozy family room with wet bar, 2 additional beds, full bath, fabulous exercise room & 4 car garage. The 4th bed & loft area on the top floor complete this splendid home.

MLS C4145294

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