Vancouver buyer pays $1 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 9 bids, mainly from the local area, with the winner from mainland China.

Sam Soliman

Sam Soliman

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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