The price range for home purchases in Vancouver over the past 30 days was between $295,000 and $17 million.
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The Metro Vancouver real estate market has changed.
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Interest rates are rising as the federal government seeks to rein in inflation, triggered by the COVID-19 pandemic and the government’s own policy of keeping rates low to encourage pandemic spending.
As a result, home prices have stalled as buyers take stock.
Here’s a look at the cheapest and most expensive Vancouver single-family homes, townhomes, and condos sold over the past month:
Most expensive single family home
The most expensive single-family home sold in the last 30 days was at 2958 West 45th Avenue in Kerrisdale for $17 million.
This 8,520 square foot home was on the market for 59 days. It was initially listed for $20.98 million, later reduced to $18.988 million.
This means that the seller got 20 percent less than he expected when he first appeared. The property was sold on April 2nd and reported as sold on April 14th.
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It is a relatively new construction on an acre of land and designed by architect Howard Airey. The home has six bedrooms and nearly 2,000 square feet of yard space. The house was assessed as of July 1, 2021 at $17.92 million.
Most expensive townhouse
The most expensive row house sold in Vancouver last month is across from George Wainborn Park in Yaletown, downtown Vancouver.
The townhome, at 485 Beach Crescent, is 2,600 square feet on three levels
It was sold on April 16 for $3.499 million – which was also the selling price.
The three-bedroom listing (with 600 square feet of terraces) was only on the market for four days. The monthly maintenance fee is hefty at $1,685 per month.
It is valued at $2.94 million.
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most expensive condo
More than 300 Vancouver condos sold in the last month, including 21 worth more than $2.5 million. Of the 300, 22 were in UBC and 121 in the city center.
Perhaps surprisingly, the most expensive condominium sold was worth more than double the value of the most expensive townhouse, in $7.2 million.
This 2,667-square-foot, one-level condo is located within a 26-story tower at 1011 Cordova Street (Fairmont Pacific Rim) in Coal Harbor.
It was listed for 55 days at $7.68 million before selling on March 31.
The condo has 360-degree views of Vancouver and access to all kinds of amenities for a monthly fee of $2,427.
cheapest single family home
14 single-family homes sold for less than $1.5 million in Vancouver in the last month.
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The cheapest was at 526 East Cordova Street for $1.149 million.
This 2,600-square-foot rundown home sits on a 122-foot deep, 25-foot wide lot with potential for rezoning in the Downtown Eastside.
The house was built in 1910 so there could be potential for heritage density. It looks like it was once a beautiful house, but now it seems uninhabitable and is next to a chicken processing plant.
It was valued at $1.177 million.
cheapest townhouse
The cheapest row house sold in Vancouver over the past month was in the Killarney neighborhood for $620,000.
This listing at 2605 East 43rd Avenue was on the market for six days. It is 579 square feet with one bedroom and a monthly strata rate of $150.
cheapest condo
42 Vancouver condominiums were sold in the last thirty days for less than $500,000.
The least expensive of the lot went to $295,000 in a development called Gardenia Villa in the 2400 block of East 10th Avenue.
Originally listed at $574,000, it sold on April 4 for nearly 50 percent less. Two other condos in the same development sold for about the same last month.
The reason is because this is a leaky condo that the banks will not finance. The listing states that the seller will pay in full a special rate of $226,000 upon completion.
