An exemplar of mid-century modern real estate has sold after less than two weeks on the market in North Vancouver.
Dubbed the “Rancher Home” by agency West Coast Modern, the property sold Oct. 6 for $2.3 million, 13 days after being listed on Sept. 23 for $2.5 million.
The home, at 516 22nd St. West has undergone a 10-year restoration project, after it was originally commissioned for the Wick family in 1958 by famed West Coast Modern builder Bob Lewis.
Real estate agent Trent Rodney said his firm showed the house to nearly 200 groups, which resulted in “several interested parties and verbal offers.”
He said that one written offer came from a private buyer from West Coast Modern’s database.
“The buyers are a local creative couple currently in a modern architectural home themselves and they plan to further enhance the mid-century modern design,” he said by email. “No plans to do any large renovations.”
The 2,254-square-foot home sits on a quarter-acre lot in North Vancouver’s Westview neighbourhood.
The mid-century rancher features walnut panelling in the family room with vintage Cado wall systems, old-growth fir beams, banks of southern windows with four-foot overhangs and a plaster fireplace. The kitchen and bathrooms have updated fixtures and appliances.
According to real estate market experts, rising interest rates and fears of recession are generally driving prices down.
Calvin Lindberg, a real estate agent with Angell Hasman in West Vancouver, recently told the North Shore News that September sales in West Vancouver are down 66 per cent over the same month last year, while sales in North Van are down about 34 per cent.