This Spectacular Garden Roof Terrace – Yours for $6.98m

Coal Harbour waterfront home is priciest new condo listing of last week, finds weekly #REWCAP market analysis 
Joannah Connolly
October 19, 2017

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
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.