CALGARY - A Canmore lot has sold for a record price of $2 million in that real estate market, the Herald has learned.
Kyle Pressman, a realtor with Maxwell Mountain Realty in Canmore, who sold the 14,000-square-foot lot at 23 Prospect Heights, said the sale eclipsed the previous high for a lot of $1.975 million in May 2008.
“All of a sudden we’ve had four sales over $2 million in the past four months. So the wealthy people are getting off the fence and they’re spending money again,” said Pressman.
“They haven’t shopped for awhile and now they’re buying . . . It’s been very good.”
He said demand is continuing in the luxury market with sales 31 per cent higher than a year ago.
Between January 1 and October 25 this year, 22 single-family properties in Canmore, including one lot, have sold for more than $1 million and four properties have sold for more than $2 million including the Prospect Heights lot.