The Most Expensive Homes in Vancouver, BC in 2011

- ADVERTISEMENT -

The Most Expensive Homes in Vancouver, BC in 2011 – After taking an in-depth look at some of the most impoverished places in the world, it’s time to go in the opposite direction and talk about 2011′s most expensive homes sold in Vancouver, BC. Why Vancouver? Well, it happens to be the wealthiest city in Canada and perhaps one of the world’s most prosperous, perhaps best illustrated by some of last year’s home sales.

The Most Expensive Homes in Vancouver, BC in 2011

While the housing market is in disarray around the world, last year Metro Vancouver luxury home prices broke records. An excerpt from the Vancouver Sun on the matter:

“According to a report by Macdonald Realty, 691 homes sold for over $3 million last year, beating the previous record of 375 set in 2010 and more than tripling the 209 luxury homes sold in 2009.

“A lot of this is [more homes] surpassing the $3-million threshold we’ve set for luxury,” Dan Scarrow, vice-president of corporate strategy, Macdonald Realty Group, said in an interview Tuesday. “The threshold is coming down because prices are going up.”

For single family dwellings, 3330 Radcliffe Ave. in West Vancouver leads the pack in inordinate prices at $22,097,000. The most expensive condo is the Pacific Rim building at 1011 Cordova St. valued at $16,499,000.

Other expensive Vancouver homes of note (sourced from SkyscraperPage):

ADVERTISMENT: CONTENT CONTINUED BELOW

4785 Drummond Dr., West Point Grey $20,478,000

“Don Mattrick, the former Electronic Arts Worldwide president who now heads up Microsoft’s games division, shares this 25,000-square-foot pad with his wife, Nanon, whose father, Philippe de Gaspé Beaubien, founded and was chairman and CEO of the Quebec-based Telemedia publishing and broadcasting empire. The three-lot property features a 10-car garage, basketball courts, and painstakingly landscaped grounds overlooking Spanish Banks, while the home itself doubles as Mattrick’s office. (He’s said to still play 10 to 15 hours of video games a week.) It all adds up to the highest assessed property in the region; market value is probably close to $35 million.”

2815 Point Grey Rd., Kitsilano $21,216,000

“Jacqui Cohen-Herrendorf’s estate occupies a 30,499-square-foot chunk of waterfront land next to Volunteer Park — neighbourhood noise and looky-loos are a nonissue. Her estate has 150 feet of beachfront in an area where 30 to 50 feet is the norm. The home was reportedly inspired by the Army & Navy owner’s former residence in California. Rumour has it she’s planning to demolish the estimated 12,000-square-foot structure and design a new one with Russell Hollingsworth — architect to the super-wealthy and fellow Face the World board member.”

Despite this seeming ubiquity of luxury home sales, experts are saying that this trend has peaked and is now on its way downward in 2012.