BC Business
This stunning modern Point Grey home was the most expensive property to sell last week and offers oak trim and doors to complement its steel and glass interior.
After sitting on the market for 111 days, the most expensive property to sell last week was a modern single-family home in Vancouver's exclusive Point Grey neighbourhood. Built in 2016, the four-bedroom, five-bathroom house sold for 85 percent of the $6.25-million list price...
The priciest B.C.property to sell last week: a four-bedroom, five-bathroom house in the tony Vancouver neighbourhood of Point Grey
After sitting on the market for 111 days, the most expensive property to sell last week was a modern single-family home in Vancouver‘s exclusive Point Grey neighbourhood. Built in 2016, the four-bedroom, five-bathroom house sold for 85 percent of the $6.25-million list price. Designed by Studio One Architecture, it features liberal use of porcelain tile and oak flooring and doors to complement steel and glass accents. Another big attraction is the 1,750 square feet of outdoor living space.
While Point Grey continues to be a preeminent community on the City of Vancouver’s west side, the neighbourhood has taken a beating over the past year when it comes to sales activity and pricing. Compared to the same time in 2019, prices have dropped an average of 40 percent, according to data analyzed by Vancouver-based Zolo Realty on behalf of BCBusiness. Based on this trend, it looks like Point Grey sales and prices will remain suppressed as the the spring selling market approaches.
The second-priciest property: a single-family home in Victoria’s North Saanich neighbourhood of Ardmore. North Saanich was recently thrust into the spotlight after the world learned that Prince Harry and his wife, Megan Markle, were considering the area as a permanent residence after a stay at a private luxury estate over the holidays. This particular home sat on the market for 218 days before selling for $4 million, or 80 percent of its $5-million list price. Built in 1997, the three-bedroom, five-bathroom property offers waterfront views and has undergone a massive renovation that takes advantage of West Coast style and updated and integrated smart technology, while keeping a timeless, traditional aesthetic.
The third-most-expensive property to sell last week was a new-build condo in Victoria. The three-bedroom, two-bathroom condo-apartment lasted just one day on the market before selling for 100 percent of the $2.86-million 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.
Sales activity continues to be steady throughout B.C. as January 2020 winds up the start of this new year. Of the sales recorded last week, 22 percent of properties sold for 100 percent or more of list price. Another 63 percent went for between 90.0 and 99.99 percent of list price, and 11 percent for between 80.0 and 89.99 percent. Only one of the tracked properties sold last week went for less than 70 percent of the asking price.
Highest single familyAddress: 2568 Wallace Crescent, Vancouver West/Point GreySold price: $5,300,000List price: $6,249,900Days on market: 111Year built: 2016Size: 4 bedrooms, 5 bathrooms, 4,231 square feet, 6,569-square-foot lot
Lowest single familyAddress: 4522 Merrill Road, Sunshine Coast, Pender HarbourSold price: $375,000List price: $398,000Days on market: 117Year built: 2016Size: 2 bedrooms, 2 bathrooms, 1,056 square feet
Highest townhouseAddress: 3120 St Moritz Crescent, Whistler/Blueberry HillSold price: $1,275,000List price: $1,288,000Days on market: 6Year built: 1998Size: 2 bedrooms, 2 bathrooms, 1,248 square feet
Lowest townhouseAddress: #1 1141Eagleridge Drive, Coquitlam/Eagle RidgeSold price: $646,000List price: $639,000Days on market: 7Year built: 1980Size: 3 bedrooms, 2 bathrooms, 1,349 square feet
Highest condoAddress: #603 1925 Alberni Street, Vancouver West/West EndSold price: $1,350,000List price: $1,349,000Days on market: 7Year built: 2007Size: 2 bedrooms, 2 bathrooms, 1,055 square feet
Lowest condoAddress: #202 – 330 E 1st Street, North Vancouver/Lower LonsdaleSold price: $4205,000List price: $399,000Days on market: 14Year built: 1976Size: 1 bedroom, 1 bathroom, 601 square feet
Highest single familyAddress: 2836 McKenzie Street, South Surrey White Rock/Crescent Beach Ocean ParkSold price: $1,990,000List price: $2,199,000Days on market: 139Year built: 2019Size: 4 bedrooms, 5 bathrooms, 2,877 square feet, 5,385-square-foot lot
Lowest single familyAddress: 10902 McAdam Road, N. Delta/NordelSold price: $775,000List price: $859,900Days on market: 87Year built: 1958Size: 3 bedrooms, 2 bathrooms, 1,618 square feet, 8,580-square-foot lot
Only townhouseAddress: #29 10868 152 Street, North Surrey/Bolivar HeightsSold price: $420,000List price: $438,888Days on market: 64Year built: 1971Size: 4 bedrooms, 3 bathrooms, 1,625 square feet
Highest condoAddress: #635 8157 207 Street, Langley/Willoughby HeightsSold price: $630,000List price: $629,900Days on market: 1Year built: 2016Size: 2 bedrooms, 2 bathrooms, 1,188 square feet
Lowest condoAddress: #111 1442 Blackwood Street, South Surrey/White RockSold price: $290,000List price: $234,900Days on market: 5Year built: 1974Size: 1 bedroom, 1 bathroom, 623 square feet
Highest single familyAddress: 9700 GlenElg Avenue, North Saanich/ArdmoreSold price: $4,000,000List price: $5,000,000Days on market: 218Year built: 1997Size: 3 bedrooms, 5 bathrooms, 5,188 square feet, 27,878-square-foot lot
Lowest single familyAddress: 3834 Trailhead Drive, Sooke/Jordan RiverSold price: $351,500List price: $369,900Days on market: 109Year built: 2019Size: 3 bedrooms, 2 bathrooms, 1,209 square feet, 1,742-square-foot lot
Highest townhouseAddress: #22 791 Central Spur Road, Victoria WestSold price: $825,000List price: $859,000Days on market: 85Year built: 2005Size: 3 bedrooms, 4 bathrooms, 1,827 square feet, 1,912-square-foot lot
Lowest townhouseAddress: #3012 Washington Avenue, Victoria/BurnsideSold price: $515,000List price: $525,000Days on market: 21Year built: 1994Size: 3 bedrooms, 3 bathrooms, 1,728 square feet
Highest condoAddress: #2502 777 Herald Street, Victoria/DowntownSold price: $2,859,900List price: $2,859,900Days on market: 1Year built: 2020Size: 3 bedrooms, 2 bathrooms, 2,288 square feet
Lowest condoAddress: #538B 4678 Elk Lake Drive, Saanich West/Royal OakSold price: $242,500List price: $268,900Days on market: 66Year built: 1982Size: 0 bedroom, 1 bathroom, 464 square feet
Only condoAddress: #402 6738 Dickinson Road, Zone 4Nanaimo/NorthSold price: $650,000List price: $689,900Days on market: 37Year built: 1998Size: 3 bedrooms, 3 bathrooms, 1,981 square feet
Highest single familyAddress: 2505 Dartmouth Drive, Penticton/Wiltse/ValleyviewSold price: $925,000List price: $969,000Days on market: 60Year built: 1974Size: 6 bedrooms, 5 bathrooms, 3,165 square feet, 30,231-square-foot lot
Lowest single familyAddress: 584 Auburn Crescent, PrincetonSold price: $225,000List price: $259,900Days on market: 228Year built: n/aSize: 5 bedrooms, 2 bathrooms, 2,339 square feet, 6,098-square-foot lot
Highest townhouseAddress: #141 1458 Penticton Avenue, Penticton/Columbia/DuncanSold price: $310,500List price: $325,000Days on market: 115Year built: 1991Size: 3 bedrooms, 3 bathrooms, 1,854 square feet
Lowest townhouseAddress: #2 3099 South Main Street, Penticton/Main SouthSold price: $254,500List price: $265,000Days on market: 14Year built: 1975Size: 3 bedrooms, 2 bathrooms, 1,100 square feet
Highest condoAddress: #11 6801 Cottonwood Drive, OsoyoosSold price: $275,000List price: $278,900Days on market: 56Year built: 1996Size: 2 bedrooms, 2 bathrooms, 1,420 square feet
Lowest condoAddress: #107 8700 Jubilee Road East, Summerland/Main Town Sold price: $222,500List price: $235,000Days on market: 42Year built: 1992Size: 2 bedrooms, 2 bathrooms, 1,001 square feet
Highest single familyAddress: 312 Kootenay Street, Shuswap/RevelstokeSold price: $1,700,000List price: $1,798,000Days on market: 372Year built: 1995Size: 12 bedrooms, 12 bathrooms, 7,879 square feet, 10,802-square-foot lot
Lowest single familyAddress: 9375 Siesta Road, Central Okanagan/Joe RichSold price: $247,000List price: $269,000Days on market: 24Year built: 2002Size: 1 bedroom, 1 bathroom, 656 square feet, 22,215-square-foot lot
Highest townhouseAddress: #10706 Quail Road, Central Okanagan/Lake County East/OyamaSold price: $595,000List price: $699,900Days on market: 17Year built: 2016Size: 4 bedrooms, 3 bathrooms, 3,130 square feet
Lowest townhouseAddress: #2724 Riffington Place, Central Okanagan/Lakeview HeightsSold price: $225,000List price: $237,000Days on market: 14Year built: 1988Size: 2 bedrooms, 1 bathroom, 1,024 square feet
Highest condoAddress: #6202 1901 Nels Nelson Crescent, Shuswap/RevelstokeSold price: $550,000List price: $569,000Days on market: 111Year built: 2017Size: 2 bedrooms, 2 bathrooms,1,138 square feet
Lowest condoAddress: #8 2156 Bessette Street, North Okanagan/Lumby ValleySold price: $125,000List price: $130,000Days on market: 42Year built: 1994Size: 2 bedrooms, 1 bathroom, 893 square feet
Highest single familyAddress: 1451 Emerald Drive, Kamloops/Juniper HeightsSold price: $626,000List price: $649,900Days on market: 39Year built: 2015Size: 4 bedrooms, 2 bathrooms, 1,920 square feet, 5,005-square-foot lot
Lowest single familyAddress: 60 1555 Howe Road, Kamloops AberdeenSold price: $283,500List price: $294,900Days on market: 87Year built: 1981Size: 2 bedrooms, 1 bathroom, 1,004 square feet, 5,709-square-foot lot
Highest townhouseAddress: 144 Belmonte Way, Kamloops/Sun RiversSold price: $598,000List price: $619,900Days on market: 2Year built: 2017Size: 4 bedrooms, 2 bathrooms, 2,816 square feet
Lowest townhouseAddress: #52 1469 Springhill Drive, Kamloops/SahaliSold price: $275,000List price: $286,900Days on market: 17Year built: 1973Size: 3 bedrooms, 2 bathrooms, 1,516 square feet
Highest single familyAddress: 1664 Thompson Crescent, Golden Rural/West North Hwy 1Sold price: $1,080,000List price: $1,195,000Days on market: 790Year built: 2009Size: 1 bedroom, 2 bathrooms, 1,530 square feet, 13,939-square-foot lot
Lowest single familyAddress: 7146 8th Street, Grand ForksSold price: $150,000List price: $179,000Days on market: 89Year built: 1935Size: 3 bedrooms, 1 bathroom, 874 square feet, 9,365-square-foot lot
Highest townhouseAddress: #31 1000 Northstar Drive, Alpine Resort AreaSold price: $370,000List price: $360,000Days on market: 40Year built: 2008Size: 3 bedrooms, 3 bathrooms, 1,839 square feet
Lowest townhouseAddress: #4 128 5th Street, Cranbrook/SouthSold price: $249,900List price: $249,900Days on market: 20Year built: 2020Size: 3 bedrooms, 2 bathrooms, 1,275 square feet
Highest condoAddress: #1 5423 Boomerang Way, Fernie Rural/Ski Hill AreaSold price: $330,000List price: $330,00Days on market: 15Year built: 1999Size: 2 bedrooms, 2 bathrooms, 878 square feet
Lowest condoAddress: #309 10 Cariboo Drive, ElkfordSold price: $60,000List price: $59,900Days on market: 55Year built: 1982Size: 2 bedrooms, 1 bathroom, 815 square feet
Highest single familyAddress: 8502 St. Lawrence Avenue, PG City South/St. Lawrence HeightsSold price: $635,000List price: $649,000Days on market: 22Year built: 2010Size: 6 bedrooms, 5 bathrooms, 4,220 square feet, 7,928-square-foot lot
Lowest single familyAddress: 1038 Dairy Road, Williams Lake/CitySold price: $100,000List price: $145,000Days on market: 41Year built: 1973Size: 2 bedrooms, 1 bathroom, 899 square feet, 10,890-square-foot lot
Only townhouseAddress: #7 301 Stuart Drive, Mackenzie/TownSold price: $65,000List price: $79,900Days on market: 364Year built: unknownSize: 3 bedrooms, 1 bathroom, 1,380 square feet
Only condoAddress: 437 8th Avenue West, Prince RupertSold price: $129,900List price: $129,900Days on market: 3Year built: 1963Size: 2 bedrooms, 2 bathrooms, 1,472 square feet
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.