Another Vancouver home sells for $1 million over asking price

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Image: The Residential Group Realty

As real estate prices continue to climb in Vancouver, it’s hardly surprising that another home sold for $1 million over its asking price within a month.

The most recent, a post-war house that was built in 1945, was listed for $3.2 million and sold for a cool $4.2 million. The 3,100 square foot home has hardwood floors, two fireplaces, four bedrooms, three bathrooms, and a water and mountain view.

The home on West 19th Avenue near Dunbar Street sits on a 5,360 square foot, 44′ x 120′ lot and includes a wine cellar and unauthorized suite.

Early in March, a home in Point Grey described as a “teardown” sold for $1 million over its asking price. Another home in Kitsilano sold for $735,000 over its asking price in February as well.

Demand far outstrips supply in Vancouver, according to a new report from Royal LePage, causing escalating home prices and constant bidding wars. The average price of a detached bungalow in Metro Vancouver has reached $1.1 million.

Image: The Residential Group Realty

Image: Elementom

Image: The Residential Group Realty

Image: Elementom

Image: The Residential Group Realty

Image: Elementom

Image: The Residential Group Realty

Image: Elementom

Image: The Residential Group Realty

Image: Elementom

Image: The Residential Group Realty

Image: Elementom

Image: The Residential Group Realty

Image: Elementom 

Image: The Residential Group Realty

Image: Elementom

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Lauren Sundstrom Lauren is a Staff Writer and Projects Assistant at Vancity Buzz. She is a graduate of BCIT's Broadcast and Online Journalism program. She loves reporting on breaking news and lifestyle content. If you feel like you have a story that needs to be told, fire her a tweet.
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