North Vancouver Listing Aims to Smash Records at $36.2m

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 is editor-in-chief of Glacier Real Estate, Glacier Media's real estate division. Joannah writes and curates real estate news for Glacier Media's local newspapers, including the Vancouver Courier, and is editor-in-chief of Real Estate Weekly Homes, West Coast Condo, Western Investor and Glacier's special real estate publications. A dual Canadian-British citizen, Joannah has 21 years of journalism and editing experience in Vancouver and London, with a background in construction, architecture and business media. Joannah has appeared on major local TV outlets as a real estate commentator, has moderated and spoken on various industry panels, and spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio.
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