Of the 635 condos currently listed on the MLS庐 in 麻豆传媒映画proper, the median unit is priced at $999,800. That's a mere $200 under the million-dollar mark that was the milestone price for all home types combined, not so long ago.
A look at current listings reveals that this median list price is even higher in 麻豆传媒映画West (West Side, Downtown West and West End) at $1,204,000 among the 468 units for sale. In 麻豆传媒映画East (Downtown East and East Side) you can get somewhat better value at a median of $748K.
Looking at the condos that were listed Jan 1-7 alone, sellers certainly seemed optimistic going into the New Year, with the median new listing price across the whole city at $1.198 million. This is likely based on last year鈥檚 and predictions that prices will surge further despite the reduction in purchasing power caused by the January 1 launch of the new mortgage stress test.
The highest-priced home to be listed last week was 聽atop the Fairmont Pacific Rim 鈥� likely Canada鈥檚 most expensive condo available for sale on the MLS and certainly the priciest property on Greater Vancouver鈥檚 MLS as of January 12. If sold anywhere near that price, it would be Vancouver鈥檚 most expensive condo sale ever recorded on the MLS.
Vancouver鈥檚 detached homes saw no such extravagant new listings last week, the priciest being a designed by a renowned architect in the 1990s and located in an upscale Kerrisdale enclave.
However, the median list price of a 麻豆传媒映画detached house is still close to $3 million, currently standing at $2,998,000 among the 1,102 houses available on the MLS. In 麻豆传媒映画East, the median asking price of the 558 houses for resale is $1,999,000 鈥� but in 麻豆传媒映画West, that price rises to a jaw-dropping $4,680,000.
