Ripon road
Credit: Courtesy of Zolo

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

Victoria was the real estate hot spot last week. The most expensive home sold in B.C. was in Uplands—and it went for slightly above the asking price of $4.45 million. Thanks to its proximity to the University of Victoria, Uplands Park and the ocean, the neighbourhood is sought after by professionals and downsizers, as well as families, notes Romana King, director of content for Vancouver-based Zolo Realty. 

There were also two condo sales in the million-dollar-plus range, one in Victoria's Sidney-North East neighbourhood—an urban community with access to the airport and the ferry to Anacortes, Washington—and another in Vancouver’s Yaletown, popular with urban professionals and young families. The least paid for a B.C. home last week was for a condo in the Kootenays.

Realtors have to remove online listings once a sale is completed, but details—address, price, number of days on the market, size—of these plus the most- and least-pricey residential properties sold in other areas of  B.C. last week are listed below, courtesy of Zolo. 

Almost three-quarters of sales finalized last week were close to list price: 17 percent were at or above, while another 55 percent were 90-99.99 percent of asking. According to King, "This signals that either sellers have adjusted to match demand and expectations, or buyers are pushing harder to get into the market during the current spring selling season, which is driving prices up."

She cautions, however, to be wary of assuming that current market activity suggests additional price increases this year—the current surge in demand is helping to inflate prices, but this is probably only temporary. "A market correction did take place across British Columbia, and major fundamentals, such as population growth and economic prospects, have not shifted too dramatically since January and February 2019, when the sales market was remarkably slow (particularly compared to 2016 and 2015 activity)," she says.

Real Estate Board of Greater Vancouver

Highest single family
Address: 5850 Cartier Street, Vancouver West/South Granville
Sold price: $4,180,000
List price: $4,980,000
Days on market: 127
Year built: 1999
Size: 5 bedrooms, 6 bathrooms, 5,217 square feet, 8,797.2-square-foot lot

Lowest single family
Address: 3060 Richmond Street, Richmond/Steveston Village
Sold price: $1,075,000
List price: $1,175,000
Days on market: 0
Year built: 1973
Size: 2 bedrooms, 2 bathrooms, 1,760 square feet, 3,960-square-foot lot

Most expensive townhouse
Address
: #59, 2358 Ranger Lane, Port Coquitlam/Riverwood
Sold price: $725,000
List price: $725,000
Days on market: 2
Year built: 2015
Size: 3 bedrooms, 3 bathrooms, 1,430 square feet

Least expensive townhouse
Address
: #6, 9280 Glenallan Drive, Richmond/Saunders
Sold price: $515,000
List price: $545,000
Days on market: 9
Year built: 1972
Size: 2 bedrooms, 2 bathrooms, 1,109 square feet

Highest condo
Address: #2404, 1225 Richards Street, Downtown VW
Sold price: $1,130,000
List price: $1,165,000
Days on market: 5
Year built: 2003
Size: 2 bedrooms, 2 bathrooms, 1,018 square feet

Lowest condo
Address: #508, 8288 Lansdowne Road, Richmond/Brighouse
Sold price: $328,000
List price: $318,000
Days on market: 1
Year built: 2008
Size: 0 bedrooms, 1 bathroom, 438 square feet

Fraser Valley Real Estate Board

Highest single family
Address: 2087 - 165 Street, South Surrey White Rock/Grandview
Sold price: $1,441,000
List price: $1,519,999
Days on market: 45
Year built: 2019
Size: 6 bedrooms, 6 bathrooms, 3,825 square feet, 4,341-square-foot lot

Lowest single family
Address: 13893 Hansen Road, North Surrey/Bolivar Heights
Sold price: $750,000
List price: $799,000
Days on market: 1
Year built: 1975
Size: 3 bedrooms, 2 bathrooms, 1,369 square feet, 8,053-square-foot lot

Only townhouse
Address: #73, 34959 Old Clayburn Road, Abbotsford East
Sold price: $374,000
List price: $374,900
Days on market: 7
Year built: 1988
Size: 2 bedrooms, 3 bathrooms, 1,365 square feet

Only condo 
Address: #305, 1765 Martin Drive, Sunnyside Park Surrey
Sold price: $581,300
List price: $579,900
Days on market: 3
Year built: 1994
Size: 2 bedrooms, 2 bathrooms, 1,150 square feet

Victoria Real Estate Board

Highest single family
Address: 3160 Ripon Road, Oak Bay/Uplands
Sold price: $4,475,000
List price: $4,450,000
Days on market: 3
Year built: 2013
Size: 3 bedrooms, 5 bathrooms, 5,741 square feet, 27,874-square-foot lot

Lowest single family
Address:
818 Hockley Avenue, Langford Proper
Sold price: $375,000
List price: $375,000
Days on market: 260
Year built: 1960
Size: 2 bedrooms, 1 bathroom, 950 square feet, 6,200-square-foot lot

Highest townhouse
Highest townhouse: #3, 4341 Crownwood Lane, Saanich East/Broadmead
Sold price: $935,000
List price: $965,000
Days on market: 17
Year built: 1992
Size: 3 bedrooms, 3 bathrooms, 2,218 square feet

Lowest townhouse
Address: #209, 791 Station Avenue, Langford Proper
Sold price: $409,000
List price: $415,000
Days on market: 57
Year built: 2009
Size: 2 bedrooms, 2 bathrooms, 1,366 square feet

Highest condo
Address: #402, 2475 Mt. Baker Avenue, Sidney North-East
Sold price: $1,150,000
List price: $1,170,000
Days on market: 72
Year built: 2018
Size: 2 bedrooms, 3 bathrooms, 1,526 square feet

Lowest condo
Address: #8, 1956 Glenidle Road, Sooke/Billings Split
Sold price: $183,000
List price: $199,000
Days on market: 33
Year built: 1976
Size: 1 bedroom, 1 bathroom, 713 square feet

Victoria Island Real Estate Board

Highest single family
Address: 630 Sentinel Drive, Duncan/Mill Bay
Sold price: $965,000
List price: $999,985
Days on market: 37
Year built: 2018
Size: 4 bedrooms, 3 bathrooms, 4,250 square feet, 14,000-square-foot lot

Lowest single family
Address:
#4, 2970 Glen Eagles Road, Duncan/Shawnigan
Sold price: $199,000
List price: $199,900
Days on market: 17
Year built: 2008
Size: 2 bedrooms, 1 bathroom, 968 square feet, 975-square-foot lot

Highest condo/strata
Address: #61, 5251 Island Highway, Parksville/Qualicum
Sold price: $465,000
List price: $524,000
Days on market: 149
Year built: 2013
Size: 3 bedrooms, 2 bathrooms, 1,397 square feet

Lowest condo/strata
Address: 5854 Remi Lane, Nanaimo/Uplands
Sold price: $435,000
List price: $424,000
Days on market: 2
Year built: 1993
Size: 2 bedrooms, 2 bathrooms, 1,332 square feet

Powell River Sunshine Coast Real Estate Board

Highest single family
Address: 4030 Manitoba Avenue, Powell River/Westview
Sold price: $484,000
List price: $489,000
Days on market: 10
Year built: 1962
Size: 4 bedrooms, 2 bathrooms, 2,236 square feet, 9,750-square-foot lot

Lowest single family
Address: 4666 Michigan Avenue, Powell River/Westview
Sold price: $345,000
List price: $349,900
Days on market: 15
Year built: 1947
Size: 2 bedrooms, 2 bathrooms, 1,412 square feet, 9,108-square-foot lot

South Okanagan Real Estate Board

Highest single family
Address: 1033 Westminster Avenue East, Penticton/Uplands/Redlands
Sold price: $985,000
List price: $1,100,000
Days on market: 57
Year built: 1986
Size: 5 bedrooms, 4 bathrooms, 4,216 square feet, 10,890-square-foot lot

Lowest single family
Address: 5007 - 50 Street, Northern Lights area/ Dawson Creek
Sold price: $90,000
List price: $105,000
Days on market: 127
Year built: N/A
Size: 2 bedrooms, 1 bathroom, 552 square feet, 11,880-square-foot lot

Highest townhouse
Address: #5, 1001 Antler Drive, Penticton/Columbia/Duncan
Sold price: $549,000
List price: $549,000
Days on market: 32
Year built: N/A
Size: 4 bedrooms, 4 bathrooms, 2,049 square feet

Lowest townhouse
Address:
#103, 564 Eckhardt Avenue East, Penticton Main North
Sold price: $220,000
List price: $224,900
Days on market: 99
Year built: 1994
Size: 2 bedrooms, 2 bathrooms, 914 square feet

Highest condo
Address: #401, 3589 Skaha Lake Road, Penticton Main South
Sold price: $380,000
List price: $400,000
Days on market: 123
Year built: 2008
Size: 2 bedrooms, 2 bathrooms, 998 square feet

Lowest condo
Address: #323, 650 McKinney Road, Oliver
Sold price: $100,000
List price: $109,900
Days on market: 68
Year built: 1998
Size: 2 bedrooms, 1 bathroom, 860 square feet

Okanagan Mainline Real Estate Board

Highest single family
Address: #3, 18451 Crystal Waters Road, Central Okanagan/Lake Country East/Oyama
Sold price: $2,450,000
List price: $2,750,000
Days on market: 92
Year built: 2010
Size: 4 bedrooms, 5 bathrooms, 4,289 square feet, 7,013-square-foot lot

Lowest single family
Address: 724 Stanley Avenue, North Okanagan/Enderby/Grindrod
Sold price: $203,500
List price: $203,500
Days on market: 82
Year built: 1908
Size: 3 bedrooms, 1 bathroom, 1,062 square feet, 6,969-square-foot lot

Highest townhouse
Address: #67, 1870 Rosedale, Central Okanagan/West Kelowna Estates
Sold price: $660,000
List price: $665,000
Days on market: 266
Year built: 2018
Size: 3 bedrooms, 4 bathrooms, 2,311 square feet

Lowest townhouse
Address: #7, 221 Temple Street, Shuswap/Revelstoke/Sicamous
Sold price: $229,901
List price: $229,900
Days on market: 28
Year built: 1992
Size: 2 bedrooms, 2 bathrooms, 1,100 square feet

Highest condo
Address: #116, 580 Sarsons Road, Central Okanagan/Lower Mission
Sold price: $585,000
List price: $700,000
Days on market: 127
Year built: 2009
Size: 2 bedrooms, 2 bathrooms, 1,787 square feet

Lowest condo
Address: #204, 5375 Big White Road, Big White
Sold price: $93,000
List price: $92,500
Days on market: 20
Year built: 1980
Size: 0 bedrooms, 1 bathroom, 241 square feet

Kamloops & District Real Estate Association

Highest single family
Address: 947 Quail Drive, Batchelor Heights
Sold price: $826,000
List price: $849,900
Days on market: 34
Year built: 2003
Size: 8 bedrooms, 8 bathrooms, 5,373 square feet, 20,473-square-foot lot

Lowest single family
Address: 3535 Sage Drive, Westsyde
Sold price: $435,000
List price: $449,900
Days on market: 23
Year built: 1970
Size: 4 bedrooms, 2 bathrooms, 1,960 square feet, 19,166-square-foot lot

Highest townhouse
Address: #4, 650 Harrington Road, Westsyde
Sold price: $400,000
List price: $424,900
Days on market: 50
Year built: 1995
Size: 2 bedrooms, 2 bathrooms, 1,438 square feet

Lowest townhouse
Address: #96, 137 McGill Road, Sahali
Sold price: $271,000
List price: $289,900
Days on market: 29
Year built: 1972
Size: 2 bedrooms, 1 bathroom, 1,217 square feet

Highest condo
Address: #303, 689 Tranquille Road, North Kamloops
Sold price: $234,500
List price: $239,900
Days on market: 22
Year built: 2010
Size: 1 bedroom, 1 bathroom, 700 square feet

Lowest condo
Address: #6, 1089 McMurdo Drive, South Kamloops
Sold price: $196,000
List price: $204,900
Days on market: 35
Year built: 1977
Size: 2 bedrooms, 1 bathroom, 930 square feet

Kootenay Real Estate Board

Highest single family
Address: 19 Single Track Way, Fernie
Sold price: $950,000
List price: $989,000
Days on market: 54
Year built: 2019
Size: 4 bedrooms, 4 bathrooms, 2,400 square feet, 6,969-square-foot lot

Lowest single family
Address: 6957 - 16th Street, Grand Forks
Sold price: $112,500
List price: $129,000
Days on market: 131
Year built: 1965
Size: 2 bedrooms, 1 bathroom, 838 square feet, 7,492-square-foot lot

Highest townhouse
Address: A-17 Estate Drive, Fernie
Sold price: $455,000
List price: $457,500
Days on market: 20
Year built: 2000
Size: 4 bedrooms, 3 bathrooms, 1,382 square feet

Lowest townhouse
Address: 70 Juniper Crescent, Sparwood
Sold price: $113,700
List price: $130,000
Days on market: 49
Year built: 1971
Size: 4 bedrooms, 1 bathroom, 1,192 square feet

Highest condo
Address: #204, 909 Radio Avenue, Nelson
Sold price: $345,000
List price: $349,000
Days on market: 77
Year built: 2008
Size: 1 bedroom, 1 bathroom, 899 square feet

Lowest condo
Address: H90, 100 Red Cedar Drive, Sparwood
Sold price: $38,000
List price: $42,900
Days on market: 63
Year built: 1972
Size: 1 bedroom, 1 bathroom, 416 square feet

BC Northern Real Estate Board

Only single family
Address: DL, 1115 Bear Creek Road, Terrace/Stewart/Cassiar
Sold price: $180,000
List price: $289,900
Days on market: 982
Year built: 1975
Size: 3 bedrooms, 1 bathroom, 1,028 square feet, 3.92-acre 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.

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 also posts real estate tips and timely statistics. It also helps owners sell their homes, either on their own or through an agent.