A Point Grey home that went on the market a couple of weeks ago has now sold for more than a million dollars over the asking price.
The home, located at 4655 Bellevue Drive and built in 1928, was listed for about $7.8 million.
It sold for just over $9 million.
There were 11 offers on the home and all were cash deals with no subjects.
Real estate experts say there’s no sign of a slowdown on the horizon and there are many factors driving demand.
“Some of those buyers are buyers who are moving here for all the reasons we love about Vancouver. Some of those buyers are investors because Canada is a safe haven for investment at this particular point in time.”
The home is expected to be torn down once permits are approved.