Market Update

Happy New Year and welcome to 2014!

For the Market Update, this will be the last one in this format. Starting in February, expect a new Market Update that will incorporate more content in fewer words! One of the biggest pieces of feedback we’ve received about this piece is that we’ve tended to be a bit too verbose in our analysis of the market. We’ve therefore decided to use a combination of pictures and links in future additions to convey all of the valuable information you’ve come to expect, at a fraction of the text.

We’re always looking to improve though, so if you have any suggestions on things about the real estate market you’d like to know about on a monthly basis, please feel free to let us know.

On the market-front, below are the 3 most expensive homes and condos sold in BC in 2013. It is interesting to note that this is the first year that the most expensive residence sold in BC was a condo. In fact, it’s believed that the 3 most expensive condo sales last year were all bought by the same off-shore buyer and combined into a single super-condo. It may not be a trend, but it’s certainly an indication of BC’s desirability amongst the global super-rich.

3 Most Expensive Homes Sold in BC in 2013:

1) $18,600,000
2) $16,000,000
3) $15,190,000

3 Most Expensive Condos Sold in BC in 2013:

1) $25,000,000
2) $15,000,000
3) $9,750,000