BC Business
Surprisingly, the highest-priced property to sell last week wasn't a single-family detached home. Although houses are still in demand across B.C., the most expensive was a three-bedroom, three-bathroom condo in the popular Yaletown neighbourhood in downtown Vancouver. The condo, which was built in 1995, stayed on the market for just over a...
This waterfront corner-unit condo in downtown Vancouver’s Yaletown neighbourhood was the highest-priced property sold last week
Surprisingly, the highest-priced property to sell last week wasn’t a single-family detached home. Although houses are still in demand across B.C., the most expensive was a three-bedroom, three-bathroom condo in the popular Yaletown neighbourhood in downtown Vancouver.
The condo, which was built in 1995, stayed on the market for just over a week before selling for almost 94 percent of the $2.4-million list price, according to data analyzed by Vancouver-based Zolo Realty on behalf of BCBusiness. Zolo director of content Romana King believes this particular condo-apartment was snapped up because of its location and views. Situated right on the water, the corner unit offers exceptional southwest vistas of Granville Island, False Creek and the Burrard Bridge, all of them protected from future large-scale development.
Another attractive feature is that rentals are permitted (with some restrictions), along with pets, including cats as well as dogs. “It’s getting harder and harder to find condo buildings that allow one or both of these options,” King explains. The unit also provides two parking spots, a 24-hour concierge, a gym, a social room and a locker for additional storage.
The second-priciest property was a single-family home in the Richmond neighbourhood of Seafair. The house sat on the market for 89 days before selling for almost 93 percent of its $2.2-million list price. A newer build finished in 2018, this family home offers just over 3,350 square feet of living space, including five bedrooms and five bathrooms.
The third-most-expensive property to sell last week was a 12-acre hobby farm with two detached homes on the lot. The sales strategy was unique, King says. When the realtor listed the Central Okanagan property for $1.86 million more than 200 days ago, they stated that the entire lot would be sold using a so-called Dutch auction strategy, which saw the price reduced by $10,000 daily until it found a buyer. The property eventually fetched $1.65-million, just over 88 percent of list price.
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.
We’re only in the third week of January, and sales are already up compared to the same time last year. “Sales activity in Greater Vancouver, the Fraser Valley and in most places in B.C. is above the 10-year monthly moving average, according to sales data from the boards,” King says.
Of the sales recorded last week, 24 percent of properties sold for 100 percent or more of list price. Another 55 percent went for between 90.0 and 99.99 percent of list price, and 10 percent for between 80.0 and 89.99 percent. For the first time this year, three of the tracked properties sold for less than 77 percent of asking.
Highest single familyAddress: 3760 Pacemore Avenue, Richmond/SeafairSold price: $2,047,619List price: $2,199,000Days on market: 89Year built: 2018Size: 5 bedrooms, 5 bathrooms, 3,356 square feet, 7,028-square-foot lot
Lowest single familyAddress: 6112 Gale Avenue, Sunshine Coast/Sechelt DistrictSold price: $499,000List price: $499,000Days on market: 0Year built: 2005Size: 2 bedrooms, 1 bathroom, 1,073 square feet
Highest townhouseAddress: #58 9551 Ferndale Road, Richmond/McLennon NorthSold price: $835,000List price: $749,000Days on market: 6Year built: 2007Size: 3 bedrooms, 3 bathrooms, 1,460 square feet
Lowest townhouseAddress: #6 6506 Chambord Place, Vancouver East/KillarneySold price: $830,000List price: $868,000Days on market: 31Year built: 1991Size: 3 bedrooms, 3 bathroom, 1,790 square feet
Highest condoAddress: #305 1600 Hornby Street, Vancouver West/YaletownSold price: $2,250,000List price: $2,398,000Days on market: 9Year built: 1995Size: 3 bedrooms, 3 bathrooms, 1,769 square feet
Lowest condoAddress: #304 4122 Village Green, Whistler/Whistler VillageSold price: $265,000List price: $269,900Days on market: 0Year built: 1987Size: 1 bedroom, 1 bathroom, 506 square feet
Highest single familyAddress: 13688 57B Avenue, Surrey/Panorama RidgeSold price: $1,550,000List price: $1,588,000Days on market: 7Year built: 1983Size: 5 bedrooms, 2 bathrooms, 2,812 square feet, 24,628-square-foot lot
Lowest single familyAddress: 2152 Dolphin Crescent, Abbotsford/WestSold price: $666,000List price: $659,000Days on market: 2Year built: 1975Size: 4 bedrooms, 3 bathrooms, 2,458 square feet, 8,056-square-foot lot
Highest townhouseAddress: #1 9235 McBride Street, Langley/Fort LangleySold price: $1,100,000List price: $1,249,000Days on market: 109Year built: 2015Size: 4 bedrooms, 4 bathrooms, 2,517 square feet
Lowest townhouse Address: #11 32959 George Ferguson Way, Abbotsford/CentralSold price: $177,500List price: $194,700Days on market: 34Year built: 1982Size: 2 bedrooms, 1 bathroom, 1,006 square feet
Highest condoAddress: #408 2970 King George Boulevard, South Surrey White Rock/King George CorridorSold price: $460,000List price: $508,800Days on market: 11Year built: 2009Size: 2 bedrooms, 2 bathrooms, 936 square feet
Lowest condoAddress: #108 13959 16 Avenue, South Surrey White Rock/Sunnyside ParkSold price: $440,000List price: $445,000Days on market: 3Year built: 1988Size: 2 bedroom, 2 bathrooms, 1,081 square feet
Highest single familyAddress: 469 Tuscan Lane, Saanich West/WestSold price: $1,550,000List price: $1,690,000Days on market: 35Year built: 2005Size: 3 bedrooms, 3 bathrooms, 3,581 square feet, 2.38-acre lot
Lowest single familyAddress: C-5-1 Dallas Road, Victoria/James BaySold price: $340,000List price: $369,500Days on market: 164Year built: 1972Size: 1 bedroom, 1 bathroom, 502 square feet, 735-square-foot lot
Highest townhouseAddress: #6 949 Pemberton Road, Victoria/RocklandSold price: $750,000List price: $949,000Days on market: 20Year built: 1975Size: 3 bedrooms, 3 bathrooms, 1,576 square feet
Lowest townhouseAddress: #104 6717 Ayre Road, Sooke/Sooke Vill CoreSold price: $450,450List price: $429,000Days on market: 33Year built: 2019Size: 3 bedrooms, 3 bathrooms, 1,473 square feet
Highest condoAddress: #503 365 Waterfront Crescent, Victoria/Rock BaySold price: $923,000List price: $989,000Days on market: 26Year built: 2009Size: 2 bedrooms, 3 bathrooms, 1,473 square feet, 1,801-square-foot lot
Lowest condoAddress: #220 – 964 Heywood Avenue, Victoria/Fairfield WestSold price: $230,000List price: $225,000Days on market: 11Year built: 1969Size: 1 bedroom, 1 bathroom, 727 square feet, 845-square-foot lot
Highest single familyAddress: 2006 Sooke Lake Road, Zone 3-Duncan/ShawniganSold price: $750,000List price: $824,000Days on market: 116Year built: 2011Size: 4 bedrooms, 5 bathrooms, 4,656 square feet, 2.57-acre lot
Lowest single familyAddress: 8036 Musgrave Street, Zone 3-Duncan/CroftonSold price: $390,000List price: $399,900Days on market: 26Year built: 1977Size: 4 bedrooms, 2 bathrooms, 2,033 square feet, 5,000-square-foot lot
Highest single familyAddress: 4812 Harvie Avenue, Powell River/WestviewSold price: $475,000List price: $489,900Days on market: 14Year built: 1989Size: 4 bedrooms, 3 bathrooms, 2,263 square feet, 8,400-square-foot lot
Lowest single familyAddress: 6878 Invermere Court, Powell River/WestviewSold price: $318,000List price: $384,900Days on market: 167Year built: n/aSize: 3 bedrooms, 1 bathroom, 1,131 square feet, 7,990-square-foot lot
Highest single familyAddress: #37 125 Cabernet Drive, Kaledon/Okanagan FallsSold price: $1,175,000List price: $1,199,000Days on market: 164Year built: 2017Size: 5 bedrooms, 6 bathrooms, 4,865 square feet, 7,275-square-foot lot
Lowest single familyAddress: 620 106 Avenue, Northern Lights Area/Dawson CreekSold price: $107,000List price: $165,000Days on market: 168Year built: 1952Size: 4 bedrooms, 2 bathrooms, 864 square feet, 6,000-square-foot lot
Highest townhouseAddress: #04 3402 South Main Street, Penticton/Main SouthSold price: $600,000List price: $610,000Days on market: 103Year built: 2017Size: 3 bedrooms, 4 bathrooms, 2,165 square feet
Lowest townhouseAddress: #109 218 Waterford Avenue, Penticton/Main SouthSold price: $263,000List price: $275,000Days on market: 76Year built: 1993Size: 3 bedrooms, 2 bathrooms, 1,185 square feet
Highest condoAddress: #205 262 Kinney Avenue, Penticton/Main SouthSold price: $255,000List price: $269,000Days on market: 45Year built: 1989Size: 2 bedrooms, 2 bathrooms, 1,270 square feet
Lowest condoAddress: #206 1271 Apex Mountain Road, Penticton/Apex Mountain (Hedley) Sold price: $140,000 List price: $146,900Days on market: 27Year built: 2002Size: 1 bedroom, 1 bathroom, 520 square feet
Highest single familyAddress: 4510 & 4520 Steward Road East, Central Okanagan/Southeast KelownaSold price: $1,650,000List price: $1,865,000Days on market: 202Year built: 1973Size: 8 bedrooms, 7 bathrooms, 4,710 square feet, 12.01-acre lot
Lowest single familyAddress: 6721 Marbella Loop, Central Okanagan/FintrySold price: $254,500List price: $269,000Days on market: 31Year built: 2007Size: 3 bedrooms, 2 bathrooms, 1,036 square feet, 2,439-square-foot lot
Highest townhouseAddress: #425 3880 Truswell Road, Central Okanagan/Lower MissionSold price: $701,000List price: $679,000Days on market: 53Year built: 2004Size: 3 bedrooms, 4 bathrooms, 2,550 square feet
Lowest townhouseAddress: #104 3802 25 Avenue, North Okanagan/City of VernonSold price: $227,000List price: $232,000Days on market: 94Year built: 1996Size: 3 bedrooms, 2 bathrooms, 980 square feet
Highest condoAddress: #2008 1588 Ellis Street, Central Okanagan/Kelowna NorthSold price: $959,900List price: $959,900Days on market: 36Year built: 2020Size: 2 bedrooms, 3 bathrooms,1,377 square feet
Lowest condoAddress: #301 5275 Big White Road, Central Okanagan/Big WhiteSold price: $135,000List price: $139,900Days on market: 29Year built: 1997Size: 0 bedrooms, 1 bathroom, 462 square feet
Highest single familyAddress: 255 Miller PlaceSold price: $550,000List price: $574,900Days on market: 91Year built: 1975Size: 4 bedrooms, 2 bathrooms, 2,036 square feet, 13,330-square-foot lot
Lowest single familyAddress: 1991 Snowberry Crescent, Kamloops/Pineview ValleySold price: $539,900List price: $539,900Days on market: 52Year built: 2003Size: 3 bedrooms, 2 bathrooms, 2,142 square feet, 3,983-square-foot lot
Only townhouseAddress: #88 1605 Summit Drive, Kamloops/SahaliSold price: $257,000List price: $267,500Days on market: 62Year built: 1975Size: 2 bedrooms, 1 bathroom, 1,296 square feet
Highest single familyAddress: 9833 Highway 3A, Creston Rural/East ShoreSold price: $998,900List price: $1,290,000Days on market: 103Year built: 2002Size: 4 bedrooms, 3 bathrooms, 3,466 square feet, 4.17-acre lot
Lowest single familyAddress: 8855 Shaughnessy Street, Canal Flats/Canal FlatsSold price: $65,000List price: $89,000Days on market: 218Year built: 1965Size: 2 bedrooms, 1 bathroom, 720 square feet, 20,995-square-foot lot
Highest condoAddress: #214 2060 Summit Drive, Invermere Rural/PanoramaSold price: $182,500List price: $192,000Days on market: 377Year built: 1998Size: 2 bedrooms, 2 bathrooms, 785 square feet
Lowest condoAddress: #308 10 Cariboo Drive, ElkfordSold price: $59,900List price: $59,900Days on market: 39Year built: 1982Size: 2 bedrooms, 1 bathroom, 816 square feet
Only single familyAddress: 4808 Dairy Avenue, Terrace/CitySold price: $407,500List price: $475,000Days on market: 190Year built: 1974Size: 5 bedrooms, 2 bathrooms, 2,179 square feet, 9,000-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 is Canada’s largest independent national brokerage. The firm was launched in 2012 by tech entrepreneurs Ryley Best, who had previously started and sold a U.K online dating site, and Jason Billingsley, a former co-founder of 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, which posts real estate tips and timely statistics, too. It also helps owners sell their homes, either on their own or through an agent.