Point Grey Real Estate

Point Grey is a genuinely diverse market in terms of product type, which is somewhat unusual for a neighbourhood of this character. The entry point is the condo segment, with a current median around $788,000. These are primarily smaller buildings, many of them well-located on or near West 10th and West 4th, and they attract buyers who want the Point Grey address and school catchment without the carrying costs of a detached home.

Townhomes sit in the middle of the market with a current median around $1.2 million. Inventory in this segment is limited, which tends to mean that well-presented townhomes in good locations move relatively quickly even in softer conditions. Buyers in this segment are often families who have outgrown a condo but are not yet ready or positioned for the detached market.

The detached home market is where Point Grey’s full character emerges. The current median sits around $4.1 million, with significant variance depending on lot size, location, water views, and the quality of any improvements. The range runs from character homes on standard lots in the mid-$3 millions to significant new builds and estate properties on Point Grey Road and the streets closest to the water that can reach $15 million and beyond. Lot values in the best locations are substantial on their own, which means renovation decisions require careful thought. Consider that the land underneath a property is potentially worth more than the structure above it.

Current market conditions across all segments reflect elevated inventory relative to the peak years and a more deliberate buying pace. For prepared buyers with clear criteria this is a more navigable environment than 2021 or 2022, and the quality of what is available in the detached segment particularly is genuinely strong.