The highest- and lowest-priced homes sold in B.C.: January 12 to 18

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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.

3760 Pacemore Avenue - Zolo - #1

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.

4510&4520 Stewart Road East - Zolo - #1

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.

Real Estate Board of Greater Vancouver

Highest single family
Address: 3760 Pacemore Avenue, Richmond/Seafair
Sold price: $2,047,619
List price: $2,199,000
Days on market: 89
Year built: 2018
Size: 5 bedrooms, 5 bathrooms, 3,356 square feet, 7,028-square-foot lot

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Lowest single family
Address: 6112 Gale Avenue, Sunshine Coast/Sechelt District
Sold price: $499,000
List price: $499,000
Days on market: 0
Year built: 2005
Size: 2 bedrooms, 1 bathroom, 1,073 square feet

Highest townhouse
Address: #58 – 9551 Ferndale Road, Richmond/McLennon North
Sold price: $835,000
List price: $749,000
Days on market: 6
Year built: 2007
Size: 3 bedrooms, 3 bathrooms, 1,460 square feet

Lowest townhouse
Address: #6 – 6506 Chambord Place, Vancouver East/Killarney
Sold price: $830,000
List price: $868,000
Days on market: 31
Year built: 1991
Size: 3 bedrooms, 3 bathroom, 1,790 square feet

Highest condo
Address: #305 – 1600 Hornby Street, Vancouver West/Yaletown
Sold price: $2,250,000
List price: $2,398,000
Days on market: 9
Year built: 1995
Size: 3 bedrooms, 3 bathrooms, 1,769 square feet

Lowest condo
Address: #304 – 4122 Village Green, Whistler/Whistler Village
Sold price: $265,000
List price: $269,900
Days on market: 0
Year built: 1987
Size: 1 bedroom, 1 bathroom, 506 square feet

Fraser Valley Real Estate Board

Highest single family
Address: 13688 57B Avenue, Surrey/Panorama Ridge
Sold price: $1,550,000
List price: $1,588,000
Days on market: 7
Year built: 1983
Size: 5 bedrooms, 2 bathrooms, 2,812 square feet, 24,628-square-foot lot

Lowest single family
Address: 2152 Dolphin Crescent, Abbotsford/West
Sold price: $666,000
List price: $659,000
Days on market: 2
Year built: 1975
Size: 4 bedrooms, 3 bathrooms, 2,458 square feet, 8,056-square-foot lot

Highest townhouse
Address: #1 – 9235 McBride Street, Langley/Fort Langley
Sold price: $1,100,000
List price: $1,249,000
Days on market: 109
Year built: 2015
Size: 4 bedrooms, 4 bathrooms, 2,517 square feet

Lowest townhouse 
Address: #11 – 32959 George Ferguson Way, Abbotsford/Central
Sold price: $177,500
List price: $194,700
Days on market: 34
Year built: 1982
Size: 2 bedrooms, 1 bathroom, 1,006 square feet

Highest condo
Address: #408 – 2970 King George Boulevard, South Surrey – White Rock/King George Corridor
Sold price: $460,000
List price: $508,800
Days on market: 11
Year built: 2009
Size: 2 bedrooms, 2 bathrooms, 936 square feet

Lowest condo
Address: #108 – 13959 16 Avenue, South Surrey – White Rock/Sunnyside Park
Sold price: $440,000
List price: $445,000
Days on market: 3
Year built: 1988
Size: 2 bedroom, 2 bathrooms, 1,081 square feet

 

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Victoria Real Estate Board

Highest single family
Address: 469 Tuscan Lane, Saanich West/West
Sold price: $1,550,000
List price: $1,690,000
Days on market: 35
Year built: 2005
Size: 3 bedrooms, 3 bathrooms, 3,581 square feet, 2.38-acre lot

Lowest single family
Address:
 C-5-1 Dallas Road, Victoria/James Bay
Sold price: $340,000
List price: $369,500
Days on market: 164
Year built: 1972
Size: 1 bedroom, 1 bathroom, 502 square feet, 735-square-foot lot

Highest townhouse
Address: #6 – 949 Pemberton Road, Victoria/Rockland
Sold price: $750,000
List price: $949,000
Days on market: 20
Year built: 1975
Size: 3 bedrooms, 3 bathrooms, 1,576 square feet

Lowest townhouse
Address: #104 – 6717 Ayre Road, Sooke/Sooke Vill Core
Sold price: $450,450
List price: $429,000
Days on market: 33
Year built: 2019
Size: 3 bedrooms, 3 bathrooms, 1,473 square feet

Highest condo
Address: #503 – 365 Waterfront Crescent, Victoria/Rock Bay
Sold price: $923,000
List price: $989,000
Days on market: 26
Year built: 2009
Size: 2 bedrooms, 3 bathrooms, 1,473 square feet, 1,801-square-foot lot

Lowest condo
Address: #220 – 964 Heywood Avenue, Victoria/Fairfield West
Sold price: $230,000
List price: $225,000
Days on market:
 11
Year built: 1969
Size: 1 bedroom, 1 bathroom, 727 square feet, 845-square-foot lot

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Vancouver Island Real Estate Board

Highest single family
Address:
 2006 Sooke Lake Road, Zone 3-Duncan/Shawnigan
Sold price: $750,000
List price: $824,000
Days on market: 116
Year built: 2011
Size: 4 bedrooms, 5 bathrooms, 4,656 square feet, 2.57-acre lot

Lowest single family
Address:
 8036 Musgrave Street, Zone 3-Duncan/Crofton
Sold price: $390,000
List price: $399,900
Days on market: 26
Year built: 1977
Size: 4 bedrooms, 2 bathrooms, 2,033 square feet, 5,000-square-foot lot

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Powell River Sunshine Coast Real Estate Board

Highest single family
Address: 4812 Harvie Avenue, Powell River/Westview
Sold price: $475,000
List price: $489,900
Days on market: 14
Year built: 1989
Size: 4 bedrooms, 3 bathrooms, 2,263 square feet, 8,400-square-foot lot

Lowest single family
Address: 6878 Invermere Court, Powell River/Westview
Sold price: $318,000
List price: $384,900
Days on market: 167
Year built: n/a
Size: 3 bedrooms, 1 bathroom, 1,131 square feet, 7,990-square-foot lot

South Okanagan Real Estate Board

Highest single family
Address: #37 – 125 Cabernet Drive, Kaledon/Okanagan Falls
Sold price: $1,175,000
List price: $1,199,000
Days on market: 164
Year built: 2017
Size: 5 bedrooms, 6 bathrooms, 4,865 square feet, 7,275-square-foot lot

Lowest single family
Address:
 620 106 Avenue, Northern Lights Area/Dawson Creek
Sold price: $107,000
List price: $165,000
Days on market: 168
Year built: 1952
Size: 4 bedrooms, 2 bathrooms, 864 square feet, 6,000-square-foot lot

Highest townhouse
Address: #04 – 3402 South Main Street, Penticton/Main South
Sold price: $600,000
List price: $610,000
Days on market: 103
Year built: 2017
Size: 3 bedrooms, 4 bathrooms, 2,165 square feet

Lowest townhouse
Address: #109 – 218 Waterford Avenue, Penticton/Main South
Sold price: $263,000
List price: $275,000
Days on market: 76
Year built: 1993
Size: 3 bedrooms, 2 bathrooms, 1,185 square feet

Highest condo
Address: #205 – 262 Kinney Avenue, Penticton/Main South
Sold price: $255,000
List price: $269,000
Days on market: 45
Year built: 1989
Size: 2 bedrooms, 2 bathrooms, 1,270 square feet

Lowest condo
Address: #206 – 1271 Apex Mountain Road, Penticton/Apex Mountain (Hedley)
Sold price: $140,000
List price: $146,900
Days on market: 27
Year built: 2002
Size: 1 bedroom, 1 bathroom, 520 square feet

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Okanagan Mainline Real Estate Board

Highest single family
Address: 4510 & 4520 Steward Road East, Central Okanagan/Southeast Kelowna
Sold price: $1,650,000
List price: $1,865,000
Days on market: 202
Year built: 1973
Size: 8 bedrooms, 7 bathrooms, 4,710 square feet, 12.01-acre lot

Lowest single family
Address: 6721 Marbella Loop, Central Okanagan/Fintry
Sold price: $254,500
List price: $269,000
Days on market: 31
Year built: 2007
Size: 3 bedrooms, 2 bathrooms, 1,036 square feet, 2,439-square-foot lot

Highest townhouse
Address: #425 – 3880 Truswell Road, Central Okanagan/Lower Mission
Sold price: $701,000
List price: $679,000
Days on market: 53
Year built: 2004
Size: 3 bedrooms, 4 bathrooms, 2,550 square feet

Lowest townhouse
Address: #104 – 3802 25 Avenue, North Okanagan/City of Vernon
Sold price: $227,000
List price: $232,000
Days on market: 94
Year built: 1996
Size: 3 bedrooms, 2 bathrooms, 980 square feet

Highest condo
Address: #2008 – 1588 Ellis Street, Central Okanagan/Kelowna North
Sold price: $959,900
List price: $959,900
Days on market: 36
Year built: 2020
Size: 2 bedrooms, 3 bathrooms,1,377 square feet

Lowest condo
Address: #301 – 5275 Big White Road, Central Okanagan/Big White
Sold price: $135,000
List price: $139,900
Days on market: 29
Year built: 1997
Size: 0 bedrooms, 1 bathroom, 462 square feet

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Kamloops & District Real Estate Association

Highest single family
Address: 255 Miller Place
Sold price: $550,000
List price: $574,900
Days on market: 91
Year built: 1975
Size: 4 bedrooms, 2 bathrooms, 2,036 square feet, 13,330-square-foot lot

Lowest single family
Address: 1991 Snowberry Crescent, Kamloops/Pineview Valley
Sold price: $539,900
List price: $539,900
Days on market: 52
Year built: 2003
Size: 3 bedrooms, 2 bathrooms, 2,142 square feet, 3,983-square-foot lot

Only townhouse
Address: #88 – 1605 Summit Drive, Kamloops/Sahali
Sold price: $257,000
List price: $267,500
Days on market: 62
Year built: 1975
Size: 2 bedrooms, 1 bathroom, 1,296 square feet

Kootenay Real Estate Board

Highest single family
Address: 9833 Highway 3A, Creston Rural/East Shore
Sold price: $998,900
List price: $1,290,000
Days on market: 103
Year built: 2002
Size: 4 bedrooms, 3 bathrooms, 3,466 square feet, 4.17-acre lot

Lowest single family
Address: 8855 Shaughnessy Street, Canal Flats/Canal Flats
Sold price: $65,000
List price: $89,000
Days on market: 218
Year built: 1965
Size: 2 bedrooms, 1 bathroom, 720 square feet, 20,995-square-foot lot

Highest condo
Address: #214 – 2060 Summit Drive, Invermere Rural/Panorama
Sold price: $182,500
List price: $192,000
Days on market: 377
Year built: 1998
Size: 2 bedrooms, 2 bathrooms, 785 square feet

Lowest condo
Address: #308 – 10 Cariboo Drive, Elkford
Sold price: $59,900
List price: $59,900
Days on market: 39
Year built: 1982
Size: 2 bedrooms, 1 bathroom, 816 square feet

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BC Northern Real Estate Board

Only single family
Address: 4808 Dairy Avenue, Terrace/City
Sold price: $407,500
List price: $475,000
Days on market: 190
Year built: 1974
Size: 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.

 

 

https://www.bcbusiness.ca/

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