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New Sales Record in Greater Vancouver


Blog by Patrick O'Donnell PREC* | January 22nd, 2015


Greater Vancouver real estate hits $3M sales record in 2014

842 homes sold for more than $3M benchmark in 2014

via CBC News
Home for Sale: 5822 Eagle Island, West Vancouver

                             
In West Vancouver, this 4800 sq. ft. waterfront house on Eagle Island is listed for $3.2 million. The listing boasts uninterrupted views, five bedrooms, and three separate dining areas. Not accessible by car.


A record number of homes sold for more than $3 million in Greater Vancouver last year, up 31% from 2013, according to Macdonald Realty.

The real estate company has been tracking the number of properties over $3 million listed on the Multiple Listing Service for 15 years.

A lot has changed in that time, said Dan Scarrow, vice president of corporate strategy.

"We picked the $3 million dollar barrier in 2000 because back then there were only ten homes in Greater Vancouver that sold for over $3 million," he said.

In 2014, that number had grown to 842 — an increase of 31 per cent from the year before, he said.

The highest concentration of properties selling for more than $3 million was in West Vancouver and parts of Vancouver's West Side such as Point Grey, said Scarrow.

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For more information about Real Estate in West Vancouver or Real Estate in North Vancouver, please feel free to give me a call. You can be assured that no one will work harder or more professionally on your behalf than I will.

All the best,
Patrick