Which are Vancouver’s Most Expensive Neighbourhoods?
June 22nd, 2009 Categories: Real Estate
When searching for a Vancouver home, buyers often have to adjust their criteria list and settle for a less expensive neighbourhood. Let’s take a look at which are Vancouver’s most and least expensive neighbourhoods and which have performed the best and worst over the last 1 and 5 years.
For Detached – based on the Real Estate Board’s benchmark price, Shaughnessy is The Most Expensive neighbourhood in Vancouver, clocking in at $2,016,725 and it has appreciated 94% over the last 5 years. Quilchena comes in second at $1,600,000 and appreciated 77% over the last 5 years. McKenzie Heights third at $1,538,887 appreciating 71% over the last 5 years. Fourth is South Granville at $1,493,374 (55%) , followed by Arbutus at $1,430,598 (57%) . Kerrisdale at $1,393,456 ( 66%) and Point Grey at $1,357,088 (74%).
Best value for Vancouver Detached is Marpole at $788,331 (46% increase over last 5 years), then Cambie at $964,518 (62%), Kitsilano at $1,005,685 (27%), Oakridge at $1,028,576 (39%), Dunbar $1,117,763 (55%), S.W. Marine at $1,125,000 (58%) and Southlands $1,233,965 (52%). Read the rest of this entry »
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