Hottest part of real estate market in Vancouver is homes in $4-million range
January 12, 2016
Forget $1-million homes. The most growth in Vancouver real estate, according to one survey, was reported in homes in the $4 million-plus market.
It’s another report that tells us what we know: Vancouver’s real estate market is red hot.
But where is it hottest?
According to Sotheby’s, it’s the market for the most expensive of homes — those valued at more than $4 million.
Those homes sold 67 per cent more last year, compared to the year before.
But the most activity continues to come from detached homes selling above $1 million.
About 3,450 of them were sold in Vancouver last year — a jump of 42 per cent.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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