Vancouver

This Spectacular Garden Roof Terrace – Yours for $6.98m

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REW.ca
October 19, 2017






Coal Harbour
This Coal Harbour condo with enormous roof terrace was listed for $6.98m — Listing agent: Shaun E Kimmins

Coal Harbour waterfront home is priciest new condo listing of last week, finds weekly #REWCAP market analysis 

A 1,500-square-foot, landscaped-garden roof terrace overlooking Coal Harbour and the North Shore mountains has to be the prime feature of Greater Vancouver’s priciest new condo listing last week.

Of the 519 attached homes listed on Greater Vancouver’s Multiple Listing Service® the week of October 9-15, this fifth-floor, three-bedroom, 3,000-plus-square-foot condo was the most expensive at $6.98 million.

Despite that considerable price tag, there were nine detached houses listed the same week that were even pricier, with the most expensive of these coming on the market exactly $10 million higher, a whopping $16.98 million. That figure becomes even more jaw-dropping when you consider that this 1992-built First Shaughnessy mansion could use some serious updating inside (turquoise carpets throughout the bedrooms, anyone?) Indeed, the selling agent even suggests that the lot could be entirely redeveloped, as the house was built post-1940 and therefore allowed to be demolished.

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There were 342 detached houses listed that same week, bringing homes newly listed during October 9-15 to a total of 861 units. This is lower than the previous week’s 965 new listings and was possibly affected by the Thanksgiving holiday October 9.

The new listings count brings the current total of homes on the Real Estate Board of Greater Vancouver’s MLS® to 9,198 as of October 19 – also a little lower than the previous week’s 9,341 homes.

The median listing price of all the region’s 5,662 currently marketed detached homes (at October 19) crept up by $9K from the previous week, to $2,099,000. The rise in the median listing price of townhome and other attached houses was more dramatic, increasing by $28,600 week over week to $968K and rapidly gaining on the $1 million mark. Condo listing prices remained flat at a median of $699K.


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.
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