The Calgary Real Estate Board announced that home sales in May decreased by 0.8 percent from last year, with 3,092 properties changing hands, driven by a decline in detached and semi-detached homes at lower price points.

Despite the drop in sales, the Real Estate Board says activity remains 34 percent higher than the long-term trends for this month.

The benchmark price for all types of homes was $605,300 for May - a 9.5 percent increase from the previous year and about 1 percent higher than April.

New listings in Calgary rose by 18.7 percent year-over-year to 4,333 units, with 3,402 units in inventory, a 5.9 percent increase from last year.

Ann-Marie Lurie, chief economist at CREB, stated in a release to CTV News: "So far this year, 905 homes valued over a million dollars have been sold, an increase of 54 percent from last year."

"Homes priced over $1,000,000 now account for more than seven percent of total sales within city limits."

Here are the five most expensive residential properties currently on the market in the city as of June 3, 2024, according to Realtor.ca:

1 - Rosedale Mansion at $9.99 million

This 6,148 square-foot home was built last year and is located along Crescent Road NW, offering stunning views of the city.

The home features four bedrooms and seven bathrooms, along with three half-baths.

It includes an elevator, a golf green, a golf simulator, five fireplaces, six built-in televisions, and infrared heaters in all outdoor patios - including a private hot tub deck - plus an attached double garage and extra parking for five vehicles.

The listing states: "There is a new home warranty for this stunning one-of-a-kind property built by Rockwood."

The three-story home is located at 914 Crescent Road N.W.

It has been listed on Realtor.ca for 28 days.

2 - $7.9 million Property in Aspen Woods

This 9,578 square-foot property sits on a 0.8-acre lot and is, according to the listing, the largest fenced property and the only one in Aspen Heights.

Upon entering the property, you will see a Swarovski crystal chandelier in a foyer surrounded by sweeping staircases leading to the grand hall.

The listing states: "This home redefines luxury living."

Features include a fitness room, a gourmet kitchen with a large pantry, a wine wall, a home theater, a gym, and a game room with a full bar.

There are also spa facilities including a lounge, dry sauna, steam room, deep soaking tub, and massage room.

This property was built in 2010, located at 44 Aspen Ridge Heights S.W.

It has been listed on Realtor.ca for 94 days.

3 - Eagle Ridge Bungalow at $7.25 million

This gated home in Eagle Ridge sits on an expansive double lot.

Built in 1971, the home features four bedrooms above grade and one below grade, along with seven bathrooms.

The listing states: "Once you enter through the handcrafted walnut doors, you are welcomed by a grand foyer that sets the tone for the splendor that awaits."

"The main rooms are nothing short of spectacular, featuring spacious dimensions and stunning finishes."

The home may be of interest to cooking enthusiasts due to its cool room, gas range, double ovens, and commercial-grade appliances.

"Whether you are hosting a large gathering or preparing an intimate meal for loved ones, this culinary haven is sure to impress."

The bungalow is located at 40 Eagle Ridge Place S.W.

It has been listed on Realtor.ca for 335 days.

4 - Elbow Park Mansion at $5.8 million

This 4,613 square-foot Elbow Park mansion was custom-built by Rockwood in 2010 and is located on a quiet cul-de-sac shared with only six other properties.

In 2015, it underwent a year-long renovation to create a "modern and elevated aesthetic," according to the listing.

The home faces the gardens and features nine-foot ceilings and oversized windows for panoramic valley views.

In addition to a dedicated wine room, the home includes a field room and a game room.

This property is situated in the heart of the community with easy access to all levels of schools, parks, The Glencoe (Club), shopping, and downtown," the listing states, adding that it is "an ideal family home."

The two-story property is located at 3811 Ninth St. S.W.

It has been listed on Realtor.ca for six days.

5 - $4.5 million Mansion in Rosedale

This home was built in 2015, situated along Crescent Road NW, and boasts unparalleled views of downtown Calgary and the mountains.

The home offers over 3,800 square feet of sophisticated living space, including three bedrooms, 4.5 bathrooms, and upscale amenities including an elevator.

Upon entering, you are welcomed by a front courtyard with a fireplace offering sweeping views of the city skyline, "the listing states that "the ten-foot ceilings on the main floor exude modern elegance showcasing the latest in technology. A kitchen with chic design elements."

This three-story home is located at 530 Crescent Road N.W.

It has been listed on Realtor.ca for 45 days.