In the Calgary real estate market, any residential property with a sale price of over $1 million is considered a luxury property. These homes can include single-family, acreages, estate homes, and even inner-city semi-detached homes, townhouses, and apartments. As the luxury real estate market continues to grow in Calgary, so do the trends and demands of these discerning buyers. With each passing year, we see a shift in design, amenities, and location preferences. For sellers of luxury properties, these features can make your home more appealing to the estate home buying pool. For buyers, these are the exciting developments happening in the luxury market. Here are the top luxury estate homes trends we see in 2023.
2023 Estate Home Trends
Here are some luxury estate home trends that we can expect to see in 2023.
Smart Home Technology
Smart home technology is not exactly new, but it has become a staple feature in luxury estate homes. In 2023, we can expect to see even more integration of smart home technology with everything from lighting and temperature control to security and entertainment being controlled by a central system.
Sustainability
Sustainability is not a trend, but rather a lifestyle choice more discerning buyers are demanding. Luxury estate homes are positioned to attract eco-savvy with environmentally-friendly features that are on the cutting edge of green living. In 2023, we can expect to see more solar panels, energy-efficient appliances, and green building materials in luxury estate homes.
Indoor-Outdoor Living
The pandemic highlighted the value of private outdoor space, and luxury estate home buyers are taking note. In 2023, we can expect to see a focus on indoor-outdoor living, with homes featuring large windows and doors that blur the lines between the interior and exterior. Outdoor kitchens, fire pits, and pool areas will also become more prominent in luxury estate home designs.
Private Home Gyms
Luxury estate home buyers often choose amenities that elevate their lifestyle. In 2023, we can expect to see more luxury estate homes with private gyms, equipped with top-of-the-line equipment and virtual personal training services. Having a home gym not only offers convenience but also privacy and the ability to customize the space to meet personal fitness goals.
Home Offices
Remote work has become the new normal for many, and more companies are adopting a hybrid work model. As a result, home offices are becoming an essential feature in luxury estate homes. In 2023, we can expect to see more homes with dedicated office spaces that are both functional and stylish.
Luxury Kitchens
The kitchen has always been the heart of the home, and it is a room where luxury estate home buyers are willing to invest. In 2023, we can expect to see more high-end appliances, custom cabinetry, and smart storage solutions in luxury estate home kitchens. Open-concept designs that integrate the kitchen with other living spaces will also remain popular.
Spa-Like Bathrooms
Luxury estate home buyers are looking for spa-like bathrooms that offer relaxation and indulgence. In 2023, we can expect to see more homes with large soaking tubs, walk-in showers with multiple shower heads, and heated floors. Natural materials like marble and stone will also be popular choices for luxury estate home bathrooms.
Location Preferences
In 2023, we can expect to see luxury estate home buyers gravitate towards areas that offer more privacy, security, and space. Gated communities and estates with large acreage will become more desirable, as will homes that offer sweeping views and natural surroundings. Properties with views of the western skies and homes located near lakes or rivers will also remain popular choices for Alberta luxury estate home buyers.
Flexible Living Spaces
Luxury estate homes are no longer just for families. In 2023, we can expect to see more homes with flexible living spaces that can accommodate multi-generational families or be used as rental units. Features like separate entrances, kitchens, and living spaces will become more common in luxury estate home designs.
Calgary’s Choice For Buying And Selling Luxury Estate Homes
Luxury estate home trends for 2023 are all about comfort, convenience, and sustainability. From smart home technology and indoor-outdoor living to private home gyms and spa-like bathrooms, buyers are looking for homes that offer the latest in luxury amenities. Location preferences are also shifting, with privacy, security, and space becoming top priorities.
Whether you are seeking your dream home or listing your estate home, partner with a Realtor® who understands the nuances of buying or marketing and selling luxury homes in the Calgary market. The expert team of Realtors® and real estate specialists at The Tanya Eklund Group have the insight and experience to position your luxury home to be the next sale in your neighbourhood or to help you find the estate home of your dreams. Leverage our network and in-depth knowledge of the Calgary luxury homes market to ensure that you are able to buy or sell your home quickly for the best possible price. Connect with our team by calling (403) 863-7434 or through our contact form.