1383 West 32nd Avenue, Vancouver, British Columbia, Canada
If you currently own a home in Vancouver’s post Shaughnessy District then it might be time to considering selling, and if you’re planning on moving to Vancouver in the near future it might be time to choose a new city – unless you have a few extra million to work with. A quaint dated 1930s home in Vancouver’s ritzy Shaughnessy area came on the market for $5.99-million CAD and just 12 days later the home sold for $8.01-million CAD. The 4,410 square foot Tudor-style mansion was built in 1937 and underwent renovations in 1970. Unlike most inflated Vancouver sales, the selling agent told The Province he believes the new owners actually plan on moving into the home rather than tearing it down. It’s not just Vancouver where strange things are happening. Last month an updated 2,100 square foot home in Port Coquitlam came on the market for $595,000 CAD attracting 17 potential buyers and eventually selling for $702,000 CAD. It’s believed the buyers of the Port Coquitlam home also planned on moving in. Even if you’re pre-approved for the list price of a home your offer may still be overlooked, buyers are writing offers well over asking in cash with no subjects. The real estate landscape in and around Vancouver is becoming increasingly unaffordable.