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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.


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,