BC Business
Real estate sales data for the week of October 27 to November 2 sourced from real estate boards across the province by Zolo Realty
The view from the priciest property to sell in B.C. last week
The most expensive residential property to sell last week was in West Vancouver, according to data analyzed by Vancouver-based Zolo Realty on behalf of BCBusiness. The single-family home in Dundarave went for just under 81 percent of the $6.68-million list price. It had been on the market for almost three months, likely because sales activity for higher-priced residential properties has dropped dramatically in the past year, notes Zolo director of content Romana King.
The No. 2 spot was at the opposite end of the Lower Mainland near the Peace Arch in South Surrey. This single-family residence was listed for just over two months before selling for 88 percent of the $3.97-million asking price.
The property that had been on the market the longest was a 5,390-square-foot single-family home near Malahat, 30 minutes from Victoria. Listed for $3.7 million, the five-bedroom, six-bathroom home fetched $2.66 million after 466 days.
Sales activity continues to slow, which isn’t a big problem given the season and with fairly stable prices across the Lower Mainland, King observes. “It will be interesting to see what the new federal government will announce in the coming weeks and months, and whether or not new policies will once again impact B.C.’s residential real estate marketplace,” she says.
Like last week, relatively few properties (14 percent) sold for more than list price. Another 52 percent sold for close to list price (between 90.0 and 99.99 percent), which is in line, though slightly lower, than previous weeks. For the second week in a row, a property sold for less than 75 percent of list price: located in Princeton, between Hope and Penticton, it went for just under 69 percent of the $159,900 list price after 229 days.
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
Highest single familyAddress: 2302 Bellevue Avenue, West Vancouver/DundaraveSold price: $5,400,000List price: $6,680,000Days on market: 163Year built: 1986Size: 3 bedrooms, 3 bathrooms, 3,057 square feet, 8,073-square-foot lot
Lowest single familyAddress: 2075 Austin Avenue, Coquitlam/Central CoquitlamSold price: $925,000List price: $898,000Days on market: 6Year built: 1964Size: 5 bedrooms, 2 bathrooms, 2,318 square feet, 8,125-square-foot lot
Highest townhouseAddress: 322 West 62nd Avenue, Vancouver West/MarpoleSold price: $1,385,000List price: $1,490,000Days on market: 8Year built: 2017Size: 3 bedrooms, 4 bathrooms, 1,461 square feet
Lowest townhouseAddress: 348 Taylor Way, West Vancouver/Park RoyalSold price: $998,000List price: $1,398,000Days on market: 153Year built: 1993Size: 3 bedrooms, 3 bathrooms, 2,035 square feet
Highest condoAddress: #109, 3690 Banff Court, North Vancouver/NorthlandsSold price: $789,200List price: $819,000Days on market: 29Year built: 1992Size: 2 bedrooms, 2 bathrooms, 1,316 square feet
Lowest condoAddress: #318, 8900 Citation Drive, Richmond/BrighouseSold price: $305,000List price: $325,000Days on market: 41Year built: 1980Size: 1 bedroom, 1 bathroom, 699 square feet
Highest single familyAddress: 1467 176 Street, South Surrey White Rock/Pacific DouglasSold price: $3,500,000List price: $3,975,000Days on market: 63Year built: 2005Size: 3 bedrooms, 4 bathrooms, 3,551 square feet
Lowest single familyAddress: 14768 87A Avenue, Surrey/Bear Creek Green TimbersSold price: $802,000List price: $829,900Days on market: 13Year built: 1984Size: 3 bedrooms, 2 bathrooms, 1,515 square feet, 7,137-square-foot lot
Highest townhouseAddress: #31, 6450 199 Street, Langley/Willoughby HeightsSold price: $579,900List price: $579,900Days on market: 30Year built: 2002Size: 4 bedrooms, 4 bathrooms, 1,811 square feet
Lowest townhouseAddress: #20, 20087 68 Avenue, Langley/Willoughby HeightsSold price: $529,900List price: $549,900Days on market: 52Year built: 2019Size: 2 bedrooms, 3 bathrooms, 1,518 square feet
Highest single familyAddress: 4181 Rocky Mountain Road, Malahat and Area/Malahat ProperSold price: $2,660,000List price: $3,700,000Days on market: 466Year built: 2005Size: 5 bedrooms, 6 bathrooms, 5,360 square feet, 7.67-acre lot
Lowest single familyAddress: 123 Sahtlam Avenue, Z3-Duncan/Lake Cowichan/Honeymoon/YoubSold price: $165,000List price: $199,000Days on market: 8Year built: 1940Size: 1 bedroom, 1 bathroom, 1,100 square feet, 7,200-square-foot lot
Highest townhouseAddress: #1, 828 Rupert Terrace, Victoria/DowntownSold price: $1,011,500List price: $1,089,000Days on market: 87Year built: 2009Size: 2 bedrooms, 2 bathrooms, 1,659 square feet
Lowest townhouseAddress: #33, 278 Island Highway, View RoyalSold price: $400,000List price: $379,900Days on market: 15Year built: 1973Size: 3 bedrooms, 2 bathrooms, 1,436 square feet, 1,940-square-foot lot
Highest condoAddress: #414, 2285 Bowker Avenue, North Oak BaySold price: $2,000,000List price: $2,000,000Days on market: 59Year built: 2019Size: 2 bedrooms, 2 bathrooms, 1,495 square feet, 2,781-square-foot lot
Lowest condoAddress: #303, 647 Michigan Street, Victoria/James BaySold price: $151,000List price: $189,000Days on market: 127Year built: 1969Size: 1 bedroom, 1 bathroom, 597 square feet
Highest single familyAddress: 2439 Mill Bay Road, Zone 3 Duncan/Mill BaySold price: $1,235,000List price: $1,395,000Days on market: 78Year built: 1925Size: 6 bedrooms, 4 bathrooms, 4,243 square feet, 27,456-square-foot lot
Lowest single familyAddress: 441 Parkhill Terrace, Zone 3 Duncan/LadysmithSold price: $350,000List price: $375,000Days on market: 3Year built: 1963Size: 4 bedrooms, 2 bathrooms, 2,378 square feet, 19,805-square-foot lot
Highest single familyAddress: 7143 Jordan Street, Powell River/WestviewSold price: $462,000List price: $469,900Days on market: 7Year built: 1967Size: 4 bedrooms, 2 bathrooms, 2,550 square feet, 11,748-square-foot lot
Lowest single familyAddress: 5054 Manson Avenue, Powell River/WestviewSold price: $220,000List price: $299,000Days on market: 81Year built: N/ASize: 3 bedrooms, 1 bathroom, 980 square feet, 30,180-square-foot lot
Highest single familyAddress: 190 Middle Bench Road South, Penticton/Uplands/RedlandsSold price: $1,335,000List price: $1,425,000Days on market: 131Year built: 1922Size: 5 bedrooms, 4 bathrooms, 3,849 square feet, 1-acre lot
Lowest single familyAddress: 260 Penryn Avenue, PrincetonSold price: $110,000List price: $159,900Days on market: 229Year built: 1925Size: 3 bedrooms, 1 bathroom, 911 square feet, 3,484-square-foot lot
Highest townhouseAddress: 4216 Golf Course Drive, OsoyoosSold price: $510,000List price: $550,000Days on market: 111Year built: 2007Size: 2 bedrooms, 3 bathrooms, 2,511 square feet
Lowest townhouseAddress: #101, 7717 Prairie Valley Road, Summerland/Main TownSold price: $225,000List price: $239,900Days on market: 83Year built: 1981Size: 2 bedrooms, 1 bathroom, 958 square feet
Highest condoAddress: #1307, 160 Lakeshore Drive West, Penticton/Main North Sold price: $685,500List price: $699,900Days on market: 22Year built: 2008Size: 2 bedrooms, 2 bathrooms, 1,266 square feet
Lowest condoAddress: #315, 1410 Penticton Avenue, Penticton/Columbia/DuncanSold price: $177,500List price: $192,000Days on market: 172Year built: 1975Size: 2 bedrooms, 1 bathroom, 861 square feet
Highest single familyAddress: 2485 Longhill Road, Central Okanagan/NG-North GlenmoreSold price: $1,700,000List price: $1,750,000Days on market: 18Year built: 1977Size: 4 bedrooms, 4 bathrooms, 4,250 square feet, 6.86-acre lot
Lowest single familyAddress: 2411 Vickers, Shuswap/Revelstoke/North ShuswapSold price: $208,500List price: $249,000Days on market: 90Year built: N/ASize: 5 bedrooms, 2 bathrooms, 1,888 square feet, 25,264-square-foot lot
Highest townhouseAddress: #10, 255 Feathertop, Central Okanagan/BW-Big WhiteSold price: $950,000List price: $999,000Days on market: 54Year built: 2006Size: 3 bedrooms, 4 bathrooms, 1,894 square feet
Lowest townhouseAddress: #204, 4004 34 Street, North Okanagan/AP-Alexis ParkSold price: $170,000List price: $175,000Days on market: 8Year built: 1980Size: 2 bedrooms, 1 bathroom, 785 square feet
Highest condoAddress: #405, 5030 Snowbird, Central Okanagan/BW-Big WhiteSold price: $580,000List price: $699,000Days on market: 227Year built: 2006Size: 4 bedrooms, 3 bathrooms, 2,129 square feet
Lowest condoAddress: #16-316, 2751 Westside Road, Central Okanagan/WS-Westside Road Sold price: $124,000List price: $128,900Days on market: 55Year built: 1987Size: 1 bedroom, 1 bathroom, 600 square feet
Highest single familyAddress: 119 Coppertree Court, Kamloops/SahaliSold price: $840,000List price: $849,900Days on market: 38Year built: 1994Size: 6 bedrooms, 3 bathrooms, 3,802 square feet, 8,712 square feet
Lowest single familyAddress: 640 Lister Road, Kamloops/HeffleySold price: $340,000List price: $349,900Days on market: 17Year built: 2005Size: 2 bedrooms, 1 bathroom, 1,156 square feet, 14,374-square-foot lot
Highest townhouseAddress: #5, 3150 Westsyde Road, Kamloops/WestsydeSold price: $363,000List price: $369,900Days on market: 36Year built: 2005Size: 3 bedrooms, 2 bathrooms, 1,663 square feet, 1,742-square-foot lot
Lowest townhouseAddress: #14, 1750 Summit Drive, Kamloops/SahaliSold price: $267,549List price: $264,900Days on market: 16Year built: 1978Size: 2 bedrooms, 1 bathroom, 1,080 square feet
Highest single familyAddress: 327 High Street, NelsonSold price: $844,000List price: $885,000Days on market: 28Year built: 1990Size: 7 bedrooms, 4 bathrooms, 2,550 square feet, 10,018-square-foot lot
Lowest single familyAddress: 2903 9th Avenue, Castlegar/South CastlegarSold price: $79,900List price: $79,900Days on market: 25Year built: 1994Size: 4 bedrooms, 3 bathrooms, 1,197 square feet, 9,147-square-foot lot
Highest townhouseAddress: A-415 Canyon Trail, FernieSold price: $534,000List price: $546,000Days on market: 49Year built: 2007Size: 3 bedrooms, 3 bathrooms, 1,935 square feet
Lowest townhouseAddress: #530, 2030 Panorama Drive, Invermere Rural/PanoramaSold price: $85,000List price: $99,000Days on market: 312Year built: 1980Size: 1 bedroom, 1 bathroom, 530 square feet
Highest condoAddress: #310, 901 Richards Street, NelsonSold price: $434,000List price: $438,888Days on market: 116Year built: 2012Size: 3 bedrooms, 2 bathrooms, 927 square feet
Lowest condoAddress: #104A, 1802 Alpine Drive, ElkfordSold price: $72,000List price: $72,900Days on market: 50Year built: 1980Size: 2 bedrooms, 1 bathroom, 735 square feet
Highest single familyAddress: 7408 West Fraser Road, Quesnel-Zone 28/Quesnel Rural-SouthSold price: $185,000List price: $229,000Days on market: 101Year built: N/ASize: 1 bedroom, 0 bathrooms, 1,326 square feet, 21.84-acre lot
Lowest single familyAddress: 297 Boyd Street, Quesnel-Zone 28/TownSold price: $160,000List price: $189,000Days on market: 10Year built: 1980Size: 5 bedrooms, 3 bathrooms, 2,320 square feet, 6,000-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 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.