Q1 2026: Calgary Luxury Recap
Eighteen sales over $2M closed in the first quarter — half of them off-market. Here's what the data says about where the high end of the Calgary market is heading.
Eighteen homes priced over $2M closed in Calgary in Q1 2026. That's down two from Q1 2025, but the dollar volume rose 11% — the average sale price moved from $2.81M to $3.14M.
Half of those sales never appeared on Realtor.ca. They moved through pocket listings, agent networks, or pre-list showings. The number of true off-market sales has roughly doubled since 2023, and that trend shows no sign of slowing.
Days-on-market for homes that did list publicly averaged 41 days, down from 67 in Q1 2025. The cleanest, best-priced homes are still moving in under 30; the long sits are almost always a pricing problem rather than a market problem.
Inventory is the single biggest constraint right now. Active listings over $2M sit at 84 across all of Calgary as of April 1 — that's roughly 4.6 months of supply at current absorption. Anything under 6 months is a seller's market.
My read: pricing power continues to favour sellers in the $2-4M range, and the off-market trend will keep accelerating in the prestige communities. If you're considering selling in 2026, the conversation about strategy should start three to six months ahead.
REALTOR® at Rivers Real Estate · Synterra Realty. Spencer represents buyers and sellers across Calgary's luxury communities — Springbank Hill, Aspen Woods, Upper Mount Royal, Elbow Park, Britannia, and Bel-Aire.
