Vancouver

North Vancouver Listing Aims to Smash Records at $36.2m

By
REW.ca
November 2, 2017






North Van $36m listing
This sprawling estate in North Vancouver hopes to set records with a list price of $36.2 million — Sotheby's International Realty

Massive 14-acre Indian River estate is most expensive ever listed in North Vancouver

Hoping to smash price records in North Vancouver is a newly listed estate in the Indian River neighbourhood close to Deep Cove – on the market for $36.2 million, our weekly #REWCAP market analysis reveals.

If achieved, that asking price would set a record for North Vancouver, said the listing brokerage Sotheby’s International Realty, according to a Vancouver Sun story on the listing. It is also the most expensive new listing of the week October 23-29, and the priciest home on the Greater Vancouver Multiple Listing Service® currently.

The 14-acre estate encompasses three land titles, being bundled together for the first time and zoned for RS3 residential. It includes a 9,000-square-foot West Coast-style home, a self-contained guest house, 12-stall paddock and barn, and amazing grounds with lake and water features.

The home was listed October 24, in the week when there were 869 new home listings, lower than the 933 of the previous week.

(Story continues below.)

REWCAP November 2 2017

The median detached-home listing price, as of November 2, shot up to $2,323,117, more than $120K higher than the previous week, MLS® data shows.

Townhome median prices stayed static at $988,000, and the median condo listing price in the region rose just $900 compared with the previous week, to $699,900.

There are a total of 8,908 homes listed on the Greater Vancouver MLS® as of November 2, and there were 411 price drops in the week of October 23-29.


Joannah Connolly has been editor and content manager of REW.ca since May 2014. Joannah has appeared on major local TV outlets as a real estate commentator, and has moderated and spoken on several industry panels. During this time, she also spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio 98.3FM. A dual Canadian-British citizen, Joannah has 20 years of journalism experience in Vancouver and London, with a prior background in construction, architecture and business media.
© Copyright 2017

Comments

REW.ca welcomes your opinions and comments. We do not allow personal attacks, offensive language, unsubstantiated allegations or self-promotional content, including promotional website links. We reserve the right to unpublish comments, to edit them for length, style, legality and taste, and to reproduce them in print or online. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Email to a Friend

Close