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Credit: Courtesy of Zolo Realty

A Langley home that fetched $4 million was the priciest residential property sale in B.C. last week

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

It’s not unusual for sales activity and prices to drop as we draw closer to the holiday season. This makes it a perfect time for buyers who are eager to find a deal.

The most expensive home to sell last week was in Langley’s family-oriented Walnut Grove neighbourhood. After two days on the market, it fetched $3,995,000, just over 76 percent of the $5.25-million asking price, according to data analyzed by Vancouver-based Zolo Realty on behalf of BCBusiness. The custom new-build offers six bedrooms, nine bathrooms and more than 7,200 square feet of living space on a 1.12-acre lot. Big draws were luxury features like a poolside bathroom/change room; a wok kitchen; and bar, games, media and wine rooms, notes Zolo director of content Romana King.

zolo 1Courtesy of Zolo RealtyThe second- and third-priciest properties sold were also single family homes, one in Victoria’s Oak Bay neighbourhood (sale price $2.27 million) and the other in West Vancouver’s Horseshoe Bay community ($2 million). Both sold for less than list price (91 percent and 85 percent, respectively) after two months or more on the market.

Last week, 20 percent of the highest- and lowest-priced properties sold went for 100 percent or more of asking. Another 52 percent sold for 90 to 99.99 percent of list price, with another 20 percent fetching 80 to 89.99 percent. For the first time in weeks, a property sold for much less than asking: a Dawson Creek home went for just 56 percent of the $115,000 list price after 83 days on the market.

Details from each of B.C.’s real estate boards for the highest- and lowest-priced properties sold across the province last week are provided below.

Real Estate Board of Greater Vancouver

Highest single family
Address: 6570 Marine Drive, West Vancouver/Horseshoe Bay
Sold price: $2,000,000
List price: $2,350,000
Days on market: 62
Year built: 1979
Size: 4 bedrooms, 4 bathrooms, 2,836 square feet, 6,070-square-foot lot

Lowest single family
Address: 11526 – 236B Street, Maple Ridge/Cottonwood
Sold price: $705,501
List price: $829,000
Days on market: 66
Year built: 1994
Size: 4 bedrooms, 3 bathrooms, 2,395 square feet, 6,006-square-foot lot

Highest townhouse
Address
: #10, 7400 Heather Street, Richmond/McLennan North
Sold price: $865,000
List price: $938,000
Days on market: 66
Year built: 2005
Size: 4 bedrooms, 4 bathrooms, 1,530 square feet

Lowest townhouse
Address
: #26, 6331 No. 4 Road, Richmond/McLennan North
Sold price: $800,000
List price: $850,000
Days on market: 23
Year built: 2015
Size: 3 bedrooms, 3 bathrooms, 1,219 square feet

Highest condo
Address: #1505, 33 Smithe Street, Vancouver West/Yaletown
Sold price: $1,010,000
List price: $1,048,000
Days on market: 23
Year built: 2008
Size: 2 bedrooms, 2 bathrooms, 920 square feet

Lowest condo
Address: #613, 2012 Fullerton Avenue, North Vancouver/Pemberton
Sold price: $330,000
List price: $334,888
Days on market: 2
Year built: 1972
Size: 1 bedroom, 1 bathroom, 691 square feet

Fraser Valley Real Estate Board

Highest single family
Address: 8707 – 217A Street, Langley/Walnut Grove
Sold price: $3,995,000
List price: $5,250,000
Days on market: 2
Year built: 2019
Size: 6 bedrooms, 9 bathrooms, 7,211 square feet, 48,787-square-foot lot

Lowest single family
Address: 32720 Pandora Avenue, Abbotsford West/West
Sold price: $701,000
List price: $699,000
Days on market: 6
Year built: 1974
Size: 3 bedrooms, 3 bathrooms, 1,910 square feet, 14,700-square-foot lot

Only townhouse
Address: 14830 Beachview Avenue, South Surrey White Rock
Sold price: $470,000
List price: $499,900
Days on market: 20
Year built: 1986
Size: 2 bedrooms, 2 bathrooms, 1,144 square feet

Highest condo
Address: #1208, 9830 Whalley Boulevard, North Surrey/Whalley
Sold price:$415,000
List price:
$450,000
Days on market: 98
Year built: 1994
Size: 2 bedrooms, 2 bathrooms, 1,089 square feet

Lowest condo
Address: #103, 20189 – 54 Avenue, Langley/City
Sold price: $335,000
List price: $349,000
Days on market: 53
Year built: 1994
Size: 2 bedrooms, 2 bathrooms, 971 square feet

Victoria Real Estate Board

Highest single family
Address: 3055 Cadboro Bay Road, Oak Bay/Uplands
Sold price: $2,270,000
List price: $2,495,000
Days on market: 118
Year built: 2011
Size: 5 bedrooms, 6 bathrooms, 5,575 square feet, 16,553-square-foot lot

Lowest single family
Address:
400 Fulford-Ganges Road, Gulf Islands/Salt Spring
Sold price: $425,000
List price: $475,000
Days on market: 135
Year built: 1956
Size: 2 bedrooms, 1 bathroom, 1,250 square feet, 1.08-acre lot

Highest townhouse
Address: 5338 Sayword Hill Crescent, Saanich East/Cordova Bay
Sold price: $1,200,000
List price: $1,249,000
Days on market: 32
Year built: 2005
Size: 3 bedrooms, 3 bathrooms, 2,512 square feet

Lowest townhouse
Address: #2, 3615 Kaiser Lane, Colwood/Olympic View
Sold price: $548,000
List price: $548,000
Days on market: 8
Year built: 2015
Size: 3 bedrooms, 3 bathrooms, 1,480 square feet, 2,431-square-foot lot

Highest condo
Address: #2, 1016 Southgate Street, Victoria/Fairfield West
Sold price: $773,500
List price: $777,000
Days on market: 24
Year built: 2017
Size: 2 bedrooms, 2 bathrooms, 1,012 square feet, 1,087-square-foot lot

Lowest condo
Address: #429, 2745 Veterans Memorial, Langford/Mill Hill
Sold price: $281,500
List price: $309,900
Days on market:
 86
Year built: 2008
Size: 1 bedroom, 1 bathroom, 686 square feet, 756-square-foot lot

Vancouver Island Real Estate Board

Highest single family
Address:
2132 Swayne Road, Zone 5–Parksville/Qualicum/Errington/Coombs/Hilliers
Sold price: $1,200,000
List price: $1,387,000
Days on market: 172
Year built: 1997
Size: 4 bedrooms, 4 bathrooms, 4,318 square feet, 22.5-acre lot

Lowest single family
Address:
30 Levin Crescent, Zone 4–Nanaimo/Chase River
Sold price: $540,000
List price: $550,000
Days on market: 5
Year built: N/A
Size: 3 bedrooms, 3 bathrooms, 2,377 square feet, 17,860-square-foot lot

Highest condo/strata
Address:
#44, 519 Eaglewood Court, Zone 5–Parksville/Qualicum Beach
Sold price: $785,000
List price: $789,000
Days on market: 46
Year built: 2009
Size: 3 bedrooms, 2 bathrooms, 1,978 square feet

Lowest condo/strata
Address:
 #101, 3070 Kilpatrick Avenue, Zone 2–Comox Valley/Courtenay City
Sold price: $352,000
List price: $352,000
Days on market: 534
Year built: 2019
Size: 2 bedrooms, 2 bathrooms, 1,119 square feet

Powell River Sunshine Coast Real Estate Board

Highest single family
Address:
3997 Lytton Avenue, Powell River/Westview
Sold price: $477,000
List price: $499,900
Days on market: 14
Year built: 1979
Size: 4 bedrooms, 3 bathrooms, 2,588 square feet, 9,600-square-foot lot

Lowest single family
Address:
6358 Oak Street, Powell River/PR Townsite
Sold price: $348,900
List price: $348,900
Days on market: 12
Year built: 1916
Size: 4 bedrooms, 3 bathrooms, 1,970 square feet, 6,000-square-foot lot

 

South Okanagan Real Estate Board

Highest single family
Address: 882 Lighthouse Landing, Summerland/Trout Creek
Sold price: $1,320,000
List price: $1,600,000
Days on market: 111
Year built: 2019
Size: 4 bedrooms, 5 bathrooms, 3,001 square feet, 6,534-square-foot lot

Lowest single family
Address:
483/485 Dayus Line, Northern Lights Area/Dawson Creek Rural
Sold price: $65,000
List price: $115,000
Days on market: 83
Year built: N/A
Size: 2 bedrooms, 1 bathroom, 810 square feet, 14,810-square-foot lot

Highest townhouse
Address: #3, 12300 Pinehurst Place, Osoyoos 
Sold price: $350,000
List price: $375,000
Days on market: 79
Year built: 2007
Size: 1 bedroom, 2 bathrooms, 1,307 square feet

Lowest townhouse
Address: #120, 3315 Wilson Street, Penticton/Main South
Sold price: $285,000
List price: $289,900
Days on market: 23
Year built: 1991
Size: 3 bedrooms, 2 bathrooms, 1,360 square feet

Highest condo
Address: #507, 2245 Atkinson Street, Penticton/Main South 
Sold price: $390,000
List price: $395,000
Days on market: 29
Year built: 1997
Size: 2 bedrooms, 2 bathrooms, 1,196 square feet

Lowest condo
Address: #206, 337 McKinney Road, Oliver
Sold price: $115,000
List price: $115,000
Days on market: 32
Year built: 1987
Size: 1 bedroom, 1 bathroom, 627 square feet

Okanagan Mainline Real Estate Board

Highest single family
Address: 8066 Beachcomber Bay Road, North Okanagan/Adventure Bay
Sold price: $1,575,000
List price: $1,768,000
Days on market: 218
Year built: 1962
Size: 5 bedrooms, 2 bathrooms, 2,724 square feet, 14,679-square-foot lot

Lowest single family
Address: #25, 5484 – 25 Avenue, North Okanagan/City of Vernon
Sold price: $56,500
List price: $64,000
Days on market: 47
Year built: 1965
Size: 2 bedrooms, 1 bathroom, 552 square feet

Highest townhouse
Address: 837 Cadder Avenue, Central Okanagan/Kelowna South
Sold price: $1,968,750
List price: $2,175,000
Days on market: 78
Year built: 2018
Size: 12 bedrooms, 10 bathrooms, 4,976 square feet

Lowest townhouse
Address: #103, 9802 Silver Star Road, North Okanagan/Silver Star
Sold price: $210,000
List price: $199,000
Days on market: 19
Year built: 1999
Size: 1 bedroom, 1 bathroom, 441 square feet

Highest condo
Address: 1302-1395 Ellis Street, Central Okanagan/Kelowna North
Sold price: $1,965,000
List price: $2,392,500
Days on market: 218
Year built: 2009
Size: 3 bedrooms, 4 bathrooms, 2,845 square feet

Lowest condo
Address: #564, 1288 Water Street, Central Okanagan/Kelowna North
Sold price: $70,000
List price: $79,900
Days on market: 181
Year built: 2006
Size: 2 bedrooms, 2 bathrooms, 880 square feet

Kamloops & District Real Estate Association

Highest single family
Address: 1065 Southill Street, Kamloops/Brocklehurst
Sold price: $584,000
List price: $588,500
Days on market: 18
Year built: 1964
Size: 5 bedrooms, 4 bathrooms, 2,310 square feet, 10,396-square-foot lot

Lowest single family
Address: 658 Dixon Creek Road, North East/Barriere
Sold price: $270,000
List price: $329,000
Days on market: 1
Year built: 1968
Size: 2 bedrooms, 2 bathrooms, 1,452 square feet, 26,136-square-foot lot

Only townhouse
Address: 1863 Menzies Street, South West/Merritt
Sold price: $150,000
List price: $165,000
Days on market: 22
Year built: 1975
Size: 3 bedrooms, 1 bathroom, 1,105 square feet, 2,613-square-foot lot

Highest condo
Address: #108, 1880 Hugh Allan Drive, Kamloops/Pineview Valley
Sold price: $367,500
List price: $365,000
Days on market: 1
Year built: 2020
Size: 2 bedrooms, 1 bathroom, 994 square feet

Lowest condo
Address: #314, 712 Sahali Terrace, Kamloops/Sahali
Sold price: $312,000
List price: $319,900
Days on market: 34
Year built: 1995
Size: 2 bedrooms, 2 bathrooms, 1,120 square feet

Kootenay Real Estate Board

Highest single family
Address: 26 Alpine Trail, Fernie
Sold price: $1,162,000
List price: $1,100,000
Days on market: 53
Year built: N/A
Size: 6 bedrooms, 6 bathrooms, 4,893 square feet, 17,206-square-foot lot

Lowest single family
Address: 5804 Birch Avenue, Creston Rural/Arrow Creek to Tahk
Sold price: $89,000
List price: $89,000
Days on market: 60
Year built: 1978
Size: 2 bedrooms, 1 bathroom, 900 square feet, 8,625-square-foot lot

Highest townhouse
Address: #102C, 36 Rivermount Place, Fernie
Sold price: $325,000
List price: $325,000
Days on market: 14
Year built: 2004
Size: 2 bedrooms, 2 bathrooms, 947 square feet

Lowest townhouse
Address: 405 Richards Street, Nelson
Sold price: $250,000
List price: $259,000
Days on market: 20
Year built: 1967
Size: 3 bedrooms, 2 bathrooms, 1,320 square feet

Highest condo
Address: #405, 880 Dogwood Drive, Kimberley/Alpine Resort Area
Sold price: $315,000
List price: $334,500
Days on market: 105
Year built: 2006
Size: 3 bedrooms, 2 bathrooms, 1,304 square feet

Lowest condo
Address: #103, 2126 68th Avenue, Grand Forks
Sold price: $85,000
List price: $89,000
Days on market: 82
Year built: 1973
Size: 1 bedroom, 1 bathroom, 560 square feet

BC Northern Real Estate Board

No sales

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 Ryley 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.