Searching for Elbow Park housing market statistics in Calgary on May 6, 2:36am? Trusted Elbow Park Neighbourhood Experts community of Top Elbow Park real estate agents provide comprehensive housing market reports, trends, prices and sales data. Our monthly insights into the Elbow Park housing market, including supply and demand, housing prices, and affordability.
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As of May 6, 2:36am the Elbow Park Real Estate reports:
Beyond purchase price, budget for:
| Cost | Typical Range |
|---|---|
| Property Transfer Tax | $200-$5,000 |
| Home Inspection | $400-$700 |
| Legal Fees | $1,000-$2,500 |
| Property Tax Adjustment | 0.5-1.5% of home value |
The Elbow Park housing market trends are influenced by economic conditions, interest rates, demographic shifts, and supply/demand dynamics. Recent years have seen low interest rates fueling demand and creating a seller's market with rising prices and limited inventory. The COVID-19 pandemic also shifted housing preferences toward larger homes and suburban/rural areas. These trends continue to evolve, making it important to monitor economic indicators and local market factors.
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Elbow Park pre-construction developments such as condo, townhomes and detached homes available or coming soon in Elbow Park Calgary, Alberta. The prices for these developments range widely and the unit sizes also vary. Some developments have not yet released pricing details or begun accepting registrations. It is important to note that the completion dates, pricing, and deposit structure for these developments may be subject to change.
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Elbow Park
Find answers to the most common questions about Elbow Park, one of Calgary's most prestigious historic river communities, known for its stunning estates, mature trees, and vibrant community spirit.
Elbow Park is located in the southwest quadrant of Calgary, bordered by the Elbow River to the south and east. The community is just a 10-minute drive south of downtown Calgary and is situated near the vibrant shopping and dining areas of Mission and Britannia Plaza. The neighbourhood's boundaries follow the natural curves of the Elbow River.[citation:1][citation:4]
Elbow Park is named after the Elbow River, which curves through the area with a distinctive bend that resembles a human elbow. Prior to European settlement, local Indigenous groups used words for "elbow" to describe this region of Calgary because of the river's unique shape. The name has persisted throughout Calgary's history.[citation:6]
Elbow Park is one of Calgary's oldest communities. The area was annexed to the City of Calgary in 1907 and began development as a neighbourhood after 1910. Many of the homes date back to the early 1900s, giving the neighbourhood its historic character and charm. Elbow Park Elementary School, a cornerstone of the community, was founded in 1926.[citation:1]
Elbow Park features an eclectic mix of architectural styles, from stately heritage homes built in the early 1900s to modern luxury estates and renovated character properties. Most homes are single-family detached dwellings on large, tree-lined lots. Many luxury homes in Elbow Park are heritage properties that have been renovated to modern standards, while others are contemporary mansions priced at over $1.8 million.[citation:1][citation:4][citation:6]
The average home price in Elbow Park is approximately $2.4 million to $2.7 million, making it one of Calgary's most expensive neighbourhoods. The average home listing price is about 302% above the Calgary average. Homes typically sell quickly, with 100% of homes selling in under 10 days on the market and nearly 60% selling above asking price.[citation:3][citation:8]
Elbow Park is served by several prestigious schools. Elbow Park Elementary School (K-6) is located within the community, founded in 1926 and known for its strong academic programs and parent involvement. Western Canada High School, one of the top-ranked public high schools in Alberta, is nearby, offering Advanced Placement programs. William Reid School and Rideau Park School also serve the area.[citation:1][citation:2][citation:6]
Elbow Park is bordered by three prominent parks: Sandy Beach, Earl Grey Park, and Stanley Park. The community also features Elbow Island Park, known as Calgary's "Wandering Island," accessible via a unique fish ladder staircase. The Elbow River pathway system connects cyclists and pedestrians to over 580 kilometres of Calgary's pathway network, one of the largest in North America.[citation:1][citation:4][citation:9]
The Elbow Park Residents Association is Calgary's oldest community association. It maintains community facilities including tennis courts, soccer fields, two hockey rinks, two pleasure skating rinks, a baseball diamond, basketball courts, and a community clubhouse. The association hosts annual events like Movie in the Park in the fall and family skating nights throughout winter.[citation:4]
The Glencoe Club is an exclusive private sports and social club located in Elbow Park's north end. It offers curling, rock climbing, bridge, swimming, tennis, fitness facilities, and diverse specialty clubs. It is considered the neighborhood's recreational centrepiece and a popular gathering place for Calgary's elite. Membership is required to access the club's facilities.[citation:4][citation:6]
Elbow Park is within walking distance of trendy shopping and dining areas in nearby Mission and Britannia Plaza. Local favourites include Native Tongues Taqueria, Village Ice Cream, and Monogram Coffee. The upscale 17th Avenue commercial strip features independent boutiques and over 80 bars and restaurants. The 4th Street shopping zone has over 300 businesses contributing to the area's unique character.[citation:4][citation:6]
Elbow Park has a neighborhood Walk Score of 33, but specific locations within the area can have a Walk Score of 72, which is considered Very Walkable. Many daily errands can be accomplished on foot from parts of the community. The area also has some transit options, with bus lines like Route 13, 7, and 22 serving the area. The nearest C-Train station is approximately 2.1 km away.[citation:5]
Yes, Elbow Park is an excellent neighbourhood for families. It has a higher proportion of large families and school-aged children than the rest of Calgary. The neighbourhood offers excellent schools, parks, tennis courts, skating rinks, and soccer fields. The community association runs family-friendly events throughout the year, including outdoor movie nights, skating nights, and seasonal celebrations. Most homes are owner-occupied, with only a small percentage of rentals.[citation:1][citation:4][citation:6]
According to municipal census data, Elbow Park has approximately 3,377 residents living in 1,221 dwellings. The median household income is significantly above the Calgary average—more than three times higher than the city as a whole. Most buildings are single-family detached homes, with only about 4% of housing used for renting.[citation:1][citation:6]
Homes for Sale in Elbow Park
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