There has yet to be a million-dollar home sold in Squamish, but that doesn't mean land isn't going for the hefty price tag.
In October 2004, a 2.94 acre property on Government Road listed by One Percent Realtor David Langlois sold for $1.25 million.
The land had two homes on it, and used to be farmland.
"The value was in the land, it wasn't in the homes," Langlois said. "Within the boundary of Â鶹Éç¹ú²úit's probably one of the last larger pieces of development property. "If you're looking for a three-acre parcel there isn't any."
The property address is 39760 and 39764, near the Wal-Mart site, Brennan Park Recreation Centre and Highway 99.
Langlois said the same person owned the property for around 35 years, and when it was purchased he probably paid between $50,000 to $60,000 for it.
"I think we did pretty well with that," Langlois said. "It was a nice clean deal."
Royal LePage Black Tusk real estate agent Paul Savage sold the land to his clients."It's a good development property," Savage said. "Developers are looking for property to develop. There's a shortage of property at the moment."
There are other million-dollar land listings in the Â鶹Éç¹ú²úarea, including 28 acres at 2975 Judd Road for $2.2 million, and 2.2 acres at 1160 Wilson Crescent for $1.45 million.
"You can put any price on things," Savage said.