Shaughnessy Real Estate

Shaughnessy offers more product diversity than its reputation might suggest. The condo segment, while not large, exists primarily in boutique low-rise buildings and carries a current median around $1.4 million. Such properties attract buyers who want the Shaughnessy address and proximity to its schools and amenities without the carrying costs of a detached home.

Townhomes sit at a current median around $1.9 million. Inventory in this segment is genuinely limited, which means well-positioned townhomes in good condition tend to move with more urgency than the broader market would suggest.
The detached market is where Shaughnessy’s full character and pricing power emerge. The current median sits around $5.9 million, with considerable variance depending on location within the neighbourhood, lot size, architectural significance, and the quality and recency of any renovations. The range runs from substantial character homes on standard Shaughnessy lots in the $3 to $4 million range through to significant estate properties on the largest lots that can reach $20 million and well beyond for the finest properties in First Shaughnessy.

It is worth understanding that Shaughnessy’s detached market operates somewhat independently of broader Vancouver market conditions. The supply of genuinely significant properties is structurally limited and there are only so many grand homes on large lots in a neighbourhood of this character. Hence, the buyers for those properties are drawn from a global pool. This does not insulate the market entirely from broader conditions, but it does mean that the dynamics here differ meaningfully from the west side detached market generally.

Current conditions reflect elevated inventory relative to the peak years and a more considered buying pace, which for prepared buyers with clear criteria represents a better environment than 2021 or 2022. The quality of what is available in the upper end of the detached market particularly is worth serious attention.