Love it or loathe it, it has been an incredible year for real estate. We’ve already started examining our most-clicked news stories of the year (see Related, below), but what about the most eyebrow-raising home listings?
REW.ca decided to pull together our own proprietary data and add it to MLS® resale statistics (courtesy of Blue Glacier Realty Ltd.) to come up with a definitive chart of the year’s hottest Metro Vancouver properties. We cover the full range of rankings, including 2016’s most expensive sold homes, homes sold most over asking price, biggest-by-square-footage sold properties, most-viewed REW.ca listings and the five key neighbourhood hotspots for listings page views. And if you’d like to see any other rankings, please get in touch and we’ll see what we can do. Enjoy!
Five Most Expensive Detached Homes by Sale Price
Nothing came close to the $51 million Point Grey home that was sold to a Chinese businessman in 2015, but there were some pretty pricey properties sold this year – especially at the height of the spring market. Surprisingly, though, all of the below went for under the original list price…
5. 4745 West 4th Avenue, Point Grey, Vancouver: $17,800,000 sale price
In fifth place, and the only sub-$20m sale on our top five chart, this six-bedroom Point Grey property was put on the market for $21.8 m but sold $4 million under asking in June 2016.
4. 5464 Kew Cliff Road, Caulfeild, West Vancouver: $20,000,000 sale price
Originally listed for $23.8m, West Van’s priciest home sale of 2016 was this incredible, five-bedroom Caulfeild property, going for $20m on the nose in May.
3. 1389 Matthews Avenue, Shaughnessy, Vancouver: $22,300,000 sale price
A five-bed, 10,000-plus-square-foot house, this $26.8m-listed home sold well under asking price during the height of the market frenzy in March this year.
2. 3455 Marpole Avenue, Shaughnessy, Vancouver: $27,000,000 sale price
A six-bedroom house with nearly 12,000 square feet of living space, this property was listed for $28.8 million and sold for exactly $27 million, also in March.
1. 4833 Belmont Avenue, Point Grey, Vancouver: $31,100,000 sale price
This six-bedroom, 14,663-square-foot mansion on Billionaire’s Row on Vancouver’s West Side was listed at $35 million and sold for the highest price of the year at $31,100,000 in March 2016.
Five Home Sales Most Over Asking Price
Compared with the frenzied offers of 2015, some many millions over the list price, this year seemed more subdued in this regard – despite home sales breaking all records in March. Here are the five properties that went for the most (ranked by dollar amount, not percentage) over their asking price.
5. 6659 Wiltshire Street, South Granville: $1.32 million over asking
This lovely home was listed at a relatively modest $2.98 million – modest compared with the extra $1.32 million it sold for, that is. At 44 per cent over list price, this is the biggest percentage jump of this top five.
4. 6234 128 Street, Surrey: $1.4 million over asking
This large corner lot in West Newton with massive development potential was listed for $5.8 million and was solf for $7.2 million, a healthy 24 per cent over the original market price.
3. 6250 Cedarhurst Street, Kerrisdale: $1.51 million over asking
Originally a $4,188,000 listing, this Kerrisdale detached home went for a huge 36 per cent over asking, with its buyer putting the value at $5.7 million.
2. 3410 Marpole Avenue, Shaughnessy: $1.52 million over asking
By far the most expensive property in this top five, but only second in terms of amount over asking, this Shaughnessy mansion was listed at $13.98 million but sold for $15,500,000. At just under 11 per cent over asking, this is the smallest percentage lift of the homes on this chart, but it was still 41.52 over asking.
1. 18737 72nd Avenue, Cloverdale, Surrey: $2.6 million over asking
Topping this mini-chart is this surprising Cloverdale entry, a $9.8 million listed property with considerable acreage that sold for $12.4 million. That’s $2.6 million, or 26.5 per cent, over the list price. And we would have bet money that the winner of this list would have been located on the West Side…
Five Biggest Homes Sold in 2016 by Square Feet
There were some monster-sized properties sold this year. Here are the biggest in terms of their square footage of living space (not lot size), in reverse order…
5. 13013 56th Avenue, Surrey: 12,180 square feet
This is a lovely house in Panorama Ridge that clocks in at 12,180 square feet of living space. It was listed at $5,549,000 and sold for $4.7 million.
4. 5880 268th Street, Langley: 12,345 square feet
Another sprawling home, this Glen Valley property on a 4.68-acre lot boasts 12,345 square feet of interior space, and sold this year for a relatively low $1.6 million.
3. 343 198 Street, Langley: 13,591 square feet
The second of two Langley properties in this mini-list, this High Point home with acreage has 13,591 square feet inside, and sold for $2.9 million, $80K under asking price.
2. 4833 Belmont Avenue, Point Grey, Vancouver: 14,663 square feet
The most expensive sale of the year (see chart above), this Billionaire’s Row mansion was only the second-largest property to be sold in 2016, at 14,663 square feet, on a 1.710-acre lot. As you can see from the “Five Most Expensive Detached Homes by Sale Price” chart, it sold for $31 million in March.
1. 6780 No 5 Road, Richmond: 17,672 square feet
With Richmond featuring a lot of huge homes, it’s unsurprising that it topped this list. This is an enormous, 17,672-square-foot, palatial property that sold for $5.38 million, a little under the $5.99 million asking price.
Five Most-Viewed Listings on REW.ca in 2016
The biggest and priciest homes don’t necessarily get the most attention from property hunters – in fact, far from it. These are the listings on REW.ca that got the most clicks this year. With all but one of the properties now sold, the original REW.ca link is defunct but some still have active links on other websites.
5. 2348 Oliver Crescent, Vancouver: 14,598 views
A $3.68 million Arbutus bungalow with a fully developed basement, and on a 50-by-122-foot southern-exposed lot, making it an attractive option for many eager property hunters.
4. 5 Tamath Crescent, Vancouver: 15,327 views
This large, seven-bedroom, 1966 property raised many eyebrows, and made our weekly Top Five Most Viewed Homes list a while back, being listed at just $428,600.
3. 5648 Wessex Street Vancouver: 18,972 views
A three-bedroom Killarney townhouse with plenty of space and charm, this home was listed for $510K, and its sharp price garnered a lot of interest.
2. 4325 Penticton Street, Vancouver: 32,176 views
This Collingwood property is a no-doubt, bonafide teardown that was listed for $1.19 million. The price – and considerable interest – is all about that 33-by-108-foot RS-1-zoned lot.
1. 3538 West 29th Avenue, Vancouver: 68,061 views
Still listed on REW.ca as of December 14, the most-clicked property this year is this $5 million house on an oversized lot in desirable Dunbar. As of mid-December, our listing for this home had received a staggering 68,000-plus page views… and counting.
Five Most-Viewed Neighbourhoods for Listings on REW.ca
This map of hot spots reveals which neighbourhoods got the most clicks for their local listings on REW.ca this year. What an interesting pattern the top five make!