2009 Vancouver’s Best Year Ever for Luxury Home Sales
November 30th, 2009 Categories: Real Estate
I received a comment asking for facts on luxury home sales this year vs. previous years. Surprisingly 2009 has been the best on record for high end sales of homes and condos, with a total of 126 sales over $3 million. Of those, 23 were condos and the remainder houses. Four condos sold over $5 Million, one in Shangri-la and the remainder on the Coal Harbour waterfront.
Properties sold over $3 million - 2005 had 35 sales. 2006 had 83. 2007 had 100. 2008 had 93 and this year has had 126 to date.
Properties sold over $5 million – 2005 had 3 sales, 2006 had 16, 2007 had 15, 2008 had 19 and 2009 has had 22 (currently 48 listings, so a tight market with only 2 months of supply).
Properties sold over $10 million - 2006 had one sale, 2008 had 2 and 2009 has had 2.
Most expensive sale this year was on Point Grey Road for $14,800,000. It sold in 2003 for 2,688,000. An exceptional large lot for the Golden Mile, 80×230 and zoned for 2 homes.
Current listings over $3M – 135. Most expensive is a Shaughnessy mansion listed at $22 million.
Active listings over $10 million in Greater Vancouver area – 40. Most expensive is West Vancouver waterfront listed at $30 million
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