Bidding Wars in Vancouver go a $Million over Asking Price

"The bidding wars in Vancouver are intensifying, leading to more buyers paying larger premiums to secure the home of their dreams.

The National Post reports that a West Vancouver home listed at $2.98 million sold for $4.1 million, more than a million over the asking price and a premium of 37 per cent.

The bungalow is nothing remarkable with the seller having considered demolition and building something new on the plot; however, the views are stunning.

The fact that it’s a standard home shows how desperate some are to buy in the city; the property attracted nine bids, mainly from the local area, with the winner from mainland China. " **

**from Canadian Real Estate Wealth June 9th 2015

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Pauline Gee

Pauline Gee

Sales Representative
CENTURY 21 John DeVries Ltd., Brokerage*
Contact Me

Blog Archives