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Credit: Courtesy of Zolo Realty

The priciest property sold in B.C. last week was an estate in the Okanagan

BCBusiness’s weekly snapshot of what’s selling around the province

The highest-priced homes sold last week were in Kelowna and Vancouver. The Okanagan property—a four-bedroom, five-bathroom, 5,343-square-foot house on nearly 12 acres—fetched $3.44 million, nearly 95 percent of list price. With a pool, outdoor grilling station, three-car garage and secondary residence for agricultural workers, it wasn’t for just any buyer but attracted one in a little more than two months.

The Vancouver property, a single-family home in the Cambie neighbourhood, sold for $2.9 million, one of three in the province to be snapped up in six days. The others were townhouse in New Westminster and a two-bedroom Richmond condo. The two fastest-selling properties were only on the market four days: a single-family home in Nanaimo and a townhouse in Surrey. All went for or above list price.

The property that took the longest to sell was a condo in Parksville, just north of Nanaimo on Vancouver Island, purchased for nearly 90 percent of asking price after 334 days.

According to MLS figures analyzed by Vancouver-based Zolo Realty for BCBusiness, 16 of the 50 highest- and lowest-priced properties sold last week were on the market 30 days or less. Anything longer than that is considered a stale listing, explains Zolo director of content Romana King. Why is this significant? “Often when there is uncertainty in the market, buyers, sellers, agents and analysts start to look around to try and contextualize what’s happening,” says King. “One way is to measure the number of stale listings.”

Of the 50 most- and least-pricey properties sold last week, 18 percent went for more than $1 million but just 14 percent for above list price, compared to around 20 percent in previous weeks. “This could indicate that the standard slower summer sales activity is now in effect,” King observes. “For sellers, this may mean having to adjust sale price expectations or risking letting your property sit for a bit longer on the market in an effort to get closer to your asking price.”

Real Estate Board of Greater Vancouver

Highest single family
Address: 241 West 22nd Avenue, Vancouver West/Cambie
Sold price: $2,900,000
List price: $2,949,000
Days on market: 6
Year built: 2003
Size: 5 bedrooms, 5 bathrooms, 2,823 square feet, 4,026-square-foot lot

Lowest single family
Address: 457 Rousseau Street, New Westminster/Sapperton
Sold price: $725,000
List price: $799,000
Days on market: 69
Year built: 1912
Size: 3 bedrooms, 2 bathrooms, 1,700 square feet, 5,107.6-square-foot lot

Highest townhouse
Address
: #13, 4891 Painted Cliff Road, Whistler/Benchlands
Sold price: $1,725,000
List price: $1,859,000
Days on market: 48
Year built: 1993
Size: 3 bedrooms, 2 bathrooms, 1,241 square feet

Lowest townhouse
Address
: #203, 828 Royal Avenue, New Westminster/Downtown
Sold price: $432,000
List price: $419,000
Days on market: 6
Year built: 2013
Size: 1 bedroom, 1 bathroom, 696 square feet

Highest condo
Address: #902, 1333 West 11th Avenue, Vancouver West/Fairview
Sold price: $1,525,000
List price: $1,688,000
Days on market: 133
Year built: 2008
Size: 2 bedrooms, 2 bathrooms, 1,320 square feet

Lowest condo
Address: #244, 8111-B Ryan Road, Richmond/South Arm
Sold price: $189,900
List price: $189,900
Days on market: 6
Year built: 1976
Size: 2 bedrooms, 1 bathroom, 870 square feet

Fraser Valley Real Estate Board

Highest single family
Address: 2214 - 168 Street, South Surrey White Rock/Pacific Douglas
Sold price: $2,280,000
List price: $2,688,000
Days on market: 173
Year built: 1980
Size: 4 bedrooms, 3 bathrooms, 1,850 square feet, 48,742-square-foot lot

Lowest single family
Address: 12667 - 115 Avenue, North Surrey/Bridgeview
Sold price: $580,000
List price: $699,000
Days on market: 32
Year built: 1958
Size: 3 bedrooms, 1 bathroom, 1,148 square feet, 8,117-square-foot lot

Only townhouse
Address: #205, 13275 - 70B Avenue, Surrey/West Newton
Sold price: $265,000
List price: $265,000
Days on market: 4
Year built: 1982
Size: 3 bedrooms, 2 bathrooms, 1,405 square feet

Highest condo 
Address: #1401, 11967 - 80 Avenue, North Delta/Scottsdale
Sold price: $490,000
List price: $519,000
Days on market: 12
Year built: 2017
Size: 2 bedrooms, 2 bathrooms, 821 square feet

Lowest condo 
Address: #303, 33450 George Ferguson Way, Abbotsford/Central Abbotsford
Sold price: $190,000
List price: $194,900
Days on market: 41
Year built: 1980
Size: 1 bedroom, 1 bathroom, 658 square feet

Victoria Real Estate Board

Highest single family
Address: 2791 Dewdney Avenue, Oak Bay/Estevan
Sold price: $2,580,000
List price: $2,599,900
Days on market: 19
Year built: 2014
Size: 5 bedrooms, 7 bathrooms, 4,434 square feet, 9,000-square-foot lot

Lowest single family
Address:
D-7885 West Coast Road, Sooke/Kemp Lake
Sold price: $294,000
List price: $314,900
Days on market: 56
Year built: 1988
Size: 2 bedrooms, 1 bathroom, 725 square feet, 5,227-square-foot lot

Highest townhouse
Highest townhouse: #120, 208 Russell Street, Victoria West
Sold price: $1,049,000
List price: $1,099,000
Days on market: 50
Year built: 1982
Size: 3 bedrooms, 3 bathrooms, 1,953 square feet

Lowest townhouse
Address: #20, 10046 Fifth Street, Sidney North-East
Sold price: $408,500
List price: $399,900
Days on market: 15
Year built: 1972
Size: 2 bedrooms, 2 bathrooms, 1,137 square feet, 1,306-square-foot lot

Highest condo
Address: #513, 10 Paul Kane Place, Victoria West/Songhees
Sold price: $1,137,500
List price: $1,325,000
Days on market: 217
Year built: 1990
Size: 2 bedrooms, 2 bathrooms, 1,803 square feet

Lowest condo
Address: #413, 1025 Inverness Road, Saanich East/Quadra
Sold price: $287,500
List price: $299,900
Days on market:
 22
Year built: 1974
Size: 1 bedroom, 1 bathroom, 813 square feet, 908-square-foot lot

Vancouver Island Real Estate Board

Highest single family
Address: 7798 Plover Road, Nanaimo/Lower Lantzville
Sold price: $855,000
List price: $850,000
Days on market: 4
Year built: 1927
Size: 2 bedrooms, 1 bathroom, 608 square feet, 10,454-square-foot lot

Lowest single family
Address:
1045 6th Avenue, Port Alberni/Salmon Beach
Sold price: $235,000
List price: $279,000
Days on market: 214
Year built: 2001
Size: 2 bedrooms, 1 bathroom, 842 square feet, 7,200-square-foot lot

Highest condo/strata
Address:
#208, 1537 Noel Avenue, Comox Valley/Comox
Sold price:
$329,000
List price: 
$349,900
Days on market: 
74
Year built: 
1975
Size: 
3 bedrooms, 2 bathrooms, 1,393 square feet

Lowest condo/strata
Address:
#224-D1, 1175 Resort Drive, Parksville/Qualicum
Sold price:
$33,000
List price: 
$37,000
Days on market: 
334
Year built: 
2006
Size: 
3 bedrooms, 3 bathrooms, 1,151 square feet
Ownership: Time-share/Fractional

Powell River Sunshine Coast Real Estate Board

Highest single family
Address: 3450 Southill Road, Powell River South
Sold price: $575,000
List price: $569,000
Days on market: 16
Year built: 2005
Size: 3 bedrooms, 2 bathrooms, 1,584 square feet, 2.84-acre lot

Lowest single family
Address: 1465 + 1469 Tennyson Road, Savary Island
Sold price: $130,000
List price: $149,000
Days on market: 161
Size: 25,000 square feet (2 lots)

South Okanagan Real Estate Board

Highest single family
Address: 730 Robinson Avenue, Naramata Village
Sold price: $639,000
List price: $639,000
Days on market: 47
Year built: N/A
Size: 4 bedrooms, 3 bathrooms, 2,692 square feet, 9,017-square-foot lot

Lowest single family
Address: 32 Kiskatinaw Place, Northern Lights Area/Tumbler Ridge
Sold price: $90,000
List price: $130,000
Days on market: 39
Year built: 1984
Size: 3 bedrooms, 1 bathroom, 1,056 square feet, 8,377-square-foot lot

Highest townhouse
Address: #106, 3332 South Main Street, Penticton/Main South
Sold price: $445,000
List price: $447,500
Days on market: 27
Year built: 2008
Size: 3 bedrooms, 3 bathrooms, 1,769 square feet

Lowest townhouse
Address:
#9, 6514 Meadows Road, Oliver
Sold price: $270,000
List price: $280,900
Days on market: 82
Year built: 1994
Size: 2 bedrooms, 2 bathrooms, 1,226 square feet

Highest condo
Address: #901, 160 Lakeshore Drive West, Penticton/Main North
Sold price: $924,000
List price: $948,000
Days on market: 43
Year built: 2007
Size: 2 bedrooms, 2 bathrooms, 1,615 square feet

Lowest condo
Address: #104, 872 Fairview Road, Penticton/Main North
Sold price: $174,900
List price: $174,900
Days on market: 36
Year built: 1992
Size: 1 bedroom, 1 bathroom, 770 square feet

Okanagan Mainline Real Estate Board

Highest single family
Address: 3945 Spiers Road, Central Okanagan/South East Kelowna
Sold price: $3,440,000
List price: $3,649,000
Days on market: 62
Year built: 1998
Size: 4 bedrooms, 5 bathrooms, 5,343 square feet, 11.95-acre lot

Lowest single family
Address: 728 Stanley Avenue, North Okanagan/Enderby/Grindrod
Sold price: $179,000
List price: $239,900
Days on market: 75
Year built: 1910
Size: 1 bedroom, 1 bathroom, 878 square feet, 7,405-square-foot lot

Highest townhouse
Address: #205, 2900 Abbott Street, Central Okanagan/Kelowna South
Sold price: $1,188,000
List price: $1,198,000
Days on market: 61
Year built: 1985
Size: 2 bedrooms, 2 bathrooms, 1,650 square feet, 1.94-acre lot

Lowest townhouse
Address: #66, 4740 – 20 Street, North Okanagan/Harwood
Sold price: $246,000
List price: $249,000
Days on market: 62
Year built: 1996
Size: 2 bedrooms, 2 bathrooms, 1,012 square feet

Highest condo
Address: #1402, 1151 Sunset Drive, Central Okanagan/Kelowna North
Sold price: $572,500
List price: $589,000
Days on market: 78
Year built: 2018
Size: 2 bedrooms, 2 bathrooms, 851 square feet

Lowest condo
Address: #106, 2985 Smith Drive, North Okanagan/Armstrong/Spall
Sold price: $165,000
List price: $184,900
Days on market: 44
Year built: 1991
Size: 2 bedrooms, 1 bathroom, 928 square feet

Kamloops & District Real Estate Association

Highest single family
Address: 2616 Thompson Drive, Kamloops/Valleyview
Sold price: $855,000
List price: $875,000
Days on market: 30
Year built: 1969
Size: 3 bedrooms, 3 bathrooms, 2,537 square feet, 13,505-square-foot lot

Lowest single family
Address: 1410 Battel Avenue, South West/Ashcroft
Sold price: $387,000
List price: $399,900
Days on market: 159
Year built: 1997
Size: 4 bedrooms, 2 bathrooms, 2,905 square feet, 6,050-square-foot lot

Highest townhouse
Address: #4, 411 Aberdeen Drive, Kamloops/Aberdeen
Sold price:
$356,500
List price:
$364,900
Days on market:
20
Year built: 
1995
Size:
3 bedrooms, 2 bathrooms, 2,085 square feet

Lowest townhouse
Address: #201, 875 Sahali Terrace, Kamloops/Sahali
Sold price: $322,000
List price: $329,900
Days on market: 27
Year built: 2001
Size: 2 bedrooms, 1 bathroom, 1,135 square feet

Highest condo
Address: #305, 1085 12th Avenue, South Kamloops
Sold price: $265,000
List price: $269,900
Days on market: 24
Year built: 1976
Size: 2 bedrooms, 1 bathroom, 945 square feet

Lowest condo
Address: #12, 1089 McMurdo Drive, South Kamloops
Sold price: $203,500
List price: $209,900
Days on market: 60
Year built: 1977
Size: 2 bedrooms, 1 bathroom, 922 square feet

Kootenay Real Estate Board

Highest single family
Address: 23 Alpine Trail Crescent, Fernie
Sold price: $997,000
List price: $1,075,000
Days on market: 68
Year built: 2004
Size: 4 bedrooms, 2 bathrooms, 2,180 square feet, 23,870-square-foot lot

Lowest single family
Address: 217 11th Avenue, Creston
Sold price: $131,000
List price: $140,000
Days on market: 72
Year built: 1946
Size: 2 bedrooms, 1 bathroom, 736 square feet, 5,009-square-foot lot

Highest townhouse
Address: 416 Beasley Crescent, Nelson
Sold price: $334,000
List price: $339,000
Days on market: 46
Year built: 1995
Size: 3 bedrooms, 2 bathrooms, 1,287 square feet

Lowest townhouse
Address: #213D, 2049 Summit Drive, Invermere Rural/Panorama 
Sold price: $35,000
List price: $37,900
Days on market: 176
Year built: 2006
Size: 2 bedrooms, 2 bathrooms, 876 square feet

Highest condo
Address: #410, 1545 Kicking Horse Trail, Golden Rural/North Highway 1
Sold price: $371,500
List price: $379,900
Days on market: 186
Year built: 2005
Size: 3 bedrooms, 3 bathrooms, 1,173 square feet

Lowest condo
Address: #213 I&D, 701 – 14A Crescent, Invermere
Sold price: $20,600
List price: $30,000
Days on market: 322
Year built: 2002
Size: 2 bedrooms, 2 bathrooms, 903 square feet

BC Northern Real Estate Board

Highest single family
Address: 6526 Grey Crescent, 100 Mile House/Horse Lake
Sold price: $315,000
List price: $339,900
Days on market: 23
Year built: 1980
Size: 3 bedrooms, 3 bathrooms, 2,188 square feet, 25,080-square-foot lot

Lowest single family
Address: 13 Widgeon Street, Kitimat
Sold price: $190,000
List price: $209,900
Days on market: 146
Year built: 1955
Size: 5 bedrooms, 2 bathrooms, 1,778 square feet, 3,900-square-foot lot

Sales data was obtained from B.C. real estate boards by Zolo Realty on behalf of BCBusiness. The type of information from each board may vary. Because real estate records are amended and updated daily, information is always changing, and it can take three months or longer to reflect final statistics.

Zolo was launched in Vancouver in 2012 by tech entrepreneurs Riley Best, who had previously started and sold a U.K online dating site, and Jason Billingsley, who had helped found a business-to-business e-commerce operation. Looking for a new venture, the pair realized that real estate was ripe for disruption. Their primary interest was sales data, but to gain access and monetize it, they needed to be a licensed brokerage. The result was Zolo, headquartered in Vancouver, with offices in Vancouver, Toronto, Calgary and Regina

More than six million home shoppers a month start their search on Zolo.ca, which posts real estate tips and timely statistics, too. It also helps owners sell their homes, either on their own or through an agent.