KOOP HOMES GROUPRE/MAX KELOWNA
Listing Price Estimate
2420 Saddleback Way · West Kelowna

A study in
price discovery.

Recommended List Price
$1,179,000
Suggested range: $1,149,000 – $1,199,000  ·  pending interior walkthrough

A data-led recommendation built on eight recent Shannon Lake and Smith Creek sales, current active inventory, and the property's own assessed value trajectory.

Recent Sold Comps
0
Avg Sale-to-List
0%
Median Sold $/SqFt
$0

Shannon Lake & Smith Creek.

Recent activity in the immediate area — single-family homes built 2012–2024, between 2,800 and 3,300 sqft. Eight closed sales in the last twelve months, plus nine actives currently competing for the same buyer pool.

Median Sold Price
$0
Across eight sold comps in the past 12 months.
Avg Days on Market
0
Sold homes; range 16 – 156 days.
Active Inventory
0
Currently competing in the $1.15M – $1.6M band; avg 60+ days on market.

2420 Saddleback Way
in context.

A 2017-built, 5-bedroom home on a 0.287-acre lot. Three finished levels totalling 3,506 sqft, attached double garage, no suite recorded.

Year Built
2017
Bed / Bath
5 / 3
Total Finished
3,506 sqft
Lot Size
0.287 ac
Main Floor
1,198 sqft
Second Floor
1,230 sqft
Basement Fin.
1,078 sqft
Garage
Attached
Assessed Value Analysis
BC Assessment is signalling a micro-area correction.
2026 Assessed Value
$1,140,000 −3% YoY
2025 Assessed Value
$1,175,000
2024 Assessed Value
$1,191,000 −7% prior year
Avg sold-to-assessed ratio (8 comps)
~104%
Implied value: $1,140,000 × 104%
≈ $1,185,000
Two consecutive years of downward assessed-value adjustments in this micro-area is a signal the recommended list price has to respect, not fight. The assessed-value method aligns with the median sold-comp method to within 1%.
Suite Value Analysis
Six of the eight strongest sold comps have a legal suite. 2420 Saddleback does not.
Cost to Build a Legal Suite
~$75,000
Typical install on an existing basement footprint.
Value Added at Resale
~$40K – $50K
The market does not return the full build cost.
Net Adjustment vs Suited Comps
−$45,000
Applied to legally suited comps when benchmarking the subject.
Legal Suite 2594 Crown Crest Legal Suite 2602 Crown Crest Legal Suite 2604 Crown Crest Legal Suite 2573 Crown Crest Legal Suite 2822 Copper Ridge Legal Suite 2843 Canyon Crest Non-Legal Suite 2390 Tallus Ridge No Suite 2425 Ryser Pl · sold $1,035K Subject 2420 Saddleback Way
After applying the suite adjustment, the strongest comp set converges on a non-suited benchmark of $1,140K – $1,170K. Subject's 3,506 sqft (notably larger than the 2,800–3,000 sqft cluster) supports a modest premium above that band — landing the recommendation at $1,179,000.
Pending interior walkthrough This estimate is based on publicly available data and comparable sales. The interior condition has not yet been inspected — the final recommended list price may be adjusted following an in-person walkthrough. Upgrades, finishings, and overall condition typically move the number by ±2–3%.

The comp set that built it.

Eight sold comps and a representative sample of active competition. Sorted by relevance to the subject — size, vintage, and proximity weighted highest.

Subject Sold Active
Suggested List Price
2420 Saddleback Way
$1,179,000
Range: $1,149,000 – $1,199,000
2017 · 5 bed / 3 bath · 0.287 ac
Total Sqft
3,506
$/Sqft
$336
Assessed
$1.14M
Suite
None recorded
No legal suite on record. The suite-value adjustment in the previous section explains how the −$45K offset against suited comps was applied.
Sold Tight to Range
2594 Crown Crest Drive
$1,185,000
Listed $1,225,000
Feb 2026 · 64 DOM · Sold 96.7% of orig list
Year Built
2018
Sqft
3,000
$/Sqft
$395
Assessed
$1.04M (114%)
Strongest direct comp. Similar vintage, similar finished area, lake-and-vineyard views. Includes a 2-bed legal suite — a feature this subject does not have.
Sold Floor Comp
2573 Crown Crest Drive
$1,115,000
Listed $1,159,000
Mar 2026 · 70 DOM · Sold 96.2% of orig list
Year Built
2018
Sqft
2,984
$/Sqft
$374
Assessed
$1.14M (98%)
Similar finished area and vintage. Walkout rancher with a legal suite. Sold close to assessed value — a useful floor reference for the subject.
Sold Premium · Suited
2602 Crown Crest Drive
$1,195,000
Listed $1,219,900
Nov 2025 · 148 DOM · Sold 97.9% of orig list
Year Built
2019
Sqft
2,842
$/Sqft
$420
Assessed
$1.09M (110%)
Custom-designed home with farmhouse-inspired finishes and a 1-bed legal suite. Premium $/sqft, but took 148 days to find its buyer.
Sold Top Recent Sold
2604 Crown Crest Drive
$1,215,000
Listed $1,249,900
Aug 2025 · 16 DOM · Sold 97.2% of orig list
Year Built
2020
Sqft
2,910
$/Sqft
$418
Assessed
$1.09M (112%)
Newer build (2020), oversized 0.64-acre lot, vineyard and lake views, legal suite. 16 DOM — priced right and rewarded for it.
Sold New Construction
2822 Copper Ridge Drive
$1,125,000
Listed $1,150,000
Jun 2025 · 87 DOM · Sold 97.8% of orig list
Year Built
2024
Sqft
2,818
$/Sqft
$399
Assessed
$1.16M (97%)
Brand-new 2024 build with a legal suite — sold under assessed value despite being seven years newer than the subject. Useful ceiling reference.
Sold Larger Lot
2390 Tallus Ridge Drive
$1,255,000
Listed $1,298,000
Jun 2025 · 78 DOM · Sold 96.7% of orig list
Year Built
2012
Sqft
3,008
$/Sqft
$417
Assessed
$1.21M (103%)
Older vintage but a 0.66-acre corner lot with triple garage. Has a 2-bed suite, but MLS records it as non-legal — a meaningful distinction. The lot premium drives the price; subject lot is less than half the size.
Sold 90 Days · Sat Too Long
2425 Ryser Place
$1,035,000
Listed $1,050,000
Oct 2025 · 70 DOM · Sold 98.6% of orig list
Year Built
2012
Sqft
2,890
$/Sqft
$358
Assessed
$1.00M (103%)
No suite, smaller lot, older vintage — the closest analogue to a no-suite scenario. Sets the lower edge of the band for unsuited homes.
Sold Cautionary Tale
2843 Canyon Crest Drive
$1,100,000
Originally listed $1,325,000
Nov 2025 · 156 DOM (final period) · Sold 83% of original 2023 ask
Year Built
2023
Sqft
3,110
$/Sqft
$354
Assessed
$1.17M (94%)
Listed in October 2023, sold November 2025. Five list-and-relist cycles, 25 months on and off the market. Has a legal suite — yet still required a 17% discount from original ask. Detailed timeline in the next section.
Active 28 DOM
2598 Crown Crest Drive
$1,199,900
List unchanged from launch
Active · 28 days · Yr 2019 · 4 bed / 3 bath
Sqft
3,220
Lot
0.18 ac
$/Sqft
$373
Suite
Legal
Larger finished area, lake/vineyard views, newer vintage, and a legal suite — yet still 28 days unsold at this price. Active competition the subject has to clear.
Active 194 Total Days
2842 Copper Ridge Drive
$1,299,000
Re-listed Apr 2026 · 194 cumulative DOM
Active · 15 days current cycle · Yr 2023 · 5 bed / 4 bath
Sqft
2,916
Lot
0.19 ac
$/Sqft
$445
Suite
Legal
Modern build, rooftop deck, panoramic views, legal suite — and still hasn't cleared after 194 cumulative days across listing periods. Indicates a hard ceiling near $1.3M for this product type.

$/sqft figures use total finished area (including basement). Comp data current as of May 2026.

The pattern in the data.

Sold comps with full original-list-to-final-sale data. The denominator is original list price — not the final reduced list — because that's where the cost of overpricing actually shows up.

Address DOM Original List Sale Price Sale / Orig % Discount
2604 Crown Crest16$1,249,900$1,215,00097.2%−$34,900
2594 Crown Crest64$1,225,000$1,185,00096.7%−$40,000
2425 Ryser Pl70$1,050,000$1,035,00098.6%−$15,000
2573 Crown Crest70$1,159,000$1,115,00096.2%−$44,000
2390 Tallus Ridge78$1,298,000$1,255,00096.7%−$43,000
2822 Copper Ridge87$1,150,000$1,125,00097.8%−$25,000
2602 Crown Crest148$1,219,900$1,195,00097.9%−$24,900
2843 Canyon Crest156$1,265,000$1,100,00087.0%−$165,000
The home that sold in 16 days took a 2.8% discount. The home that sold in 156 days took 13%. Note: 2843 Canyon Crest's original list of $1,265K reflects its final listing period; the property had been on and off the market since October 2023 starting at $1,325K — making the true discount closer to 17%.

Three options. One recommended.

Where the price lands on this bar determines how long the home sits, and how much of the original ask you actually keep. The recommended position captures peak buyer attention without leaving money on the table.

$1,149,000Conservative
$1,199,000Aggressive
Conservative
Quick Sale
$1,149,000
Sits at the floor of the recent comp range and undercuts every active in the area. Highest probability of multiple-offer scenario in the first 14 days. Trade-off: forfeits potential upside if the interior shows stronger than expected.
Aggressive
Top of Range
$1,199,000
Matches the floor of current active inventory in the immediate area. Defensible only if the interior shows exceptionally well; otherwise expect 60+ days on market and a probable reduction toward the recommended price.

2843 Canyon Crest Drive.
25 months. Five list cycles.

A 3,110-sqft 2023 build with a legal suite. First listed in October 2023 at $1,325,000. Finally sold November 2025 at $1,100,000. The chart below traces every list, relist, expiry, and price change — and what it cost.

Original List
$1,325,000
Final Sale
$1,100,000
Total Cost
−$225,000 (−17%)
Time on/off Market
~25 months
↔ Swipe or use arrows
2843 CANYON CREST · LIST PRICE TIMELINE Each dot is a list price event. Vertical drop = price reduction. Final sale shaded. $1.35M $1.25M $1.15M $1.05M $1.325M expired $1.325M $1.290M expired $1.265M $1.250M $1.200M $1.180M SOLD $1.100M Oct '23 Mar '24 Jun '24 Oct '24 Mar '25 Apr '25 May '25 Jul '25 Aug '25 Nov '25 Cycle 1: cancelled Cycle 2: expired Cycle 3: expired Cycle 4: chasing market down
What this property's history shows
The original $1,325,000 ask wasn't supported by the market in October 2023 — and it wasn't supported in March 2024, June 2024, or any of the subsequent relists. Two years of staying anchored to that number cost $225,000. Each cycle reset eroded buyer interest further. By the time the price reached the market's actual ceiling, the home was stale.

Buyer attention has a half-life.

When a listing hits the market, buyers see it. Then it fades. Every week off-target compounds. The chart shows the typical decay curve — and what it means for the wave of attention you actually get to capture.

↔ Swipe or use arrows
BUYER EYEBALLS ON YOUR LISTING OVER TIME % of buyer views captured at each stage of a listing's life 0% 20% 40% 60% 80% 100% % of Buyer Views 90% of buyers 75% 55% 35% 20% Week 1–2 Week 3–4 Month 2 Month 3 Month 4+ Peak window — pricing has to be right here
We've done the research upfront — comparable sales, assessed values, market conditions — to arrive at a list price that captures the full wave of initial buyer attention. A correctly priced listing ensures no money is left on the table from day one.

Once we hit the market, the data changes.

From listing day forward, decisions are driven by how the market is actually responding to your home — in real time. These are the indicators we monitor:

Online Impressions
Showing Requests
Listing Page Traffic
Buyer & Agent Inquiries
Comparable Activity Shifts
Days on Market Velocity
This real-time feedback loop means we're never guessing. If the market tells us to adjust, we adjust quickly — before the window of peak buyer attention closes.
Braden Koop

Braden Koop
Personal Real Estate Corporation

REALTOR®
Koop Homes Group · RE/MAX Kelowna
RE/MAX Canada Top 30 Under 30 — #17 Nationally · #4 Individual Agent at RE/MAX Kelowna
Call Braden · 250-801-8725