Italianate Modern Palace in West Van Listed at $16.8m

Luxury estate in Chartwell is region’s priciest new listing of last week, finds our weekly #REWCAP on the market
Joannah Connolly
December 7, 2017

This jaw-dropping, European-palace-style estate in West Vancouver’s prestigious Chartwell neighbourhood was the most expensive property to be newly listed in the week of November 27 to December 3, a look at listings data reveals.

The brand-new house multiple levels with five bedrooms, eight bathrooms, 8,127 square feet of luxury living space and stunning view terraces with a gorgeous pool and hot tub. Inside there is also a state-of-the-art home theatre, climate-controlled wine room and a host of smart-home features, as well as super-prime finishings throughout. And don’t worry, that steep drive is heated so it’ll never get icy.

REWCap Pool
Listing agent: Malcolm Hasman

Check out the amazing views from this Chartwell home’s gorgeous pool and hot tub

This amazing property was listed on November 28 at $16.88 million, making it the 25th most-expensive home currently for sale on the Real Estate Board of Greater Vancouver’s Multiple Listing Service®.

The priciest attached home to go on sale in the same week was another contract assignment at the under-construction Vancouver House in downtown Vancouver – one of many flips in the luxury tower as controversial speculators cash in their investments. The 53rd-floor unit is more than 2,000 square feet and has 270-degree views of the mountains, city and ocean. It was listed for $5.28 million on December 1.

The two properties were among the 769 homes listed for sale the week of November 27 to December 3, which is another drop from the previous week, as the market winds down for the holidays. The total number of homes for sale on REBGV’s MLS® is now 8,336 as of December 7, also a decline from the week before.

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REWcap Main

The median listing price among the 4,985 detached homes for sale in Greater Vancouver, as of December 7, crept up to $2,186,000 – nearly $18,000 higher than the previous week. Among the attached homes such as townhouses and duplexes, of which there are 1,154 currently available in the region, the median list price rose by just $500 to $988K. Of the 2,208 condo-apartments for sale on December 7, the median list price is$729,894, which is $894 higher than the week before.

Median days on market for detached houses remained steady at 66 days across the region, but the number of homes whose listing price was reduced, during the week of November 27-December 3, dropped considerably to just 269 listings.

Joannah Connolly
Joannah Connolly is editorial director of Glacier Real Estate, Glacier Media's real estate division. Joannah writes and curates real estate news for Glacier Media's local newspaper websites, including the Vancouver Courier, North Shore News, Burnaby Now, Tri-City News and others. She also oversees editorial content in Real Estate Weekly Homes, West Coast Condo, Western Investor and Glacier's special real estate publications. A dual Canadian-British citizen, Joannah has 22 years of journalism and editing experience in Vancouver and London, with a background in construction, architecture, healthcare 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.