Vancouver Price Drop

Documenting Vancouver real estate price movements

Weekly Desperation Score Suburbs – April 23, 2014

Here are the 10 properties outside of Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that changed their price or were relisted under a new MLS number the previous 1 week AND have the highest desperation score which is a formula based on price changes, relists and amounts pro rated for recency.  This will hopefully provide a more interesting look at the suburbs since previous weekly drops for these areas were completely filled with old condo’s and lot sales

White Rock, Coquitlam and Mission all with 2 entries in the list


#10 ) Address:# 105 601 NORTH RD, Coquitlam West, Coquitlam

August 05, 2013 V1020709 $174,900 $0 0%
November 03, 2013 V1020709 $169,000 $-5,900 -3%
December 02, 2013 V1020709 removed after 119 days
December 09, 2013 V1038423 $158,220 $-16,680 -10%
March 11, 2014 V1038423 $149,900 $-25,000 -14%
March 26, 2014 V1038423 $145,900 $-29,000 -17%
April 23, 2014 V1038423 $138,000 $-36,900 -21%

 

v1038423_1

Current Days on Market: 262 (0.72years)
Current ‘Official’ Days on Market: 136
2013 Assessment: $141,600
Desperation Score: 31.0

WHY PAY RENT?! Own with 5% down and less than $1000 per month (Includes: principle, interest, taxes and strata!!) Sell your car and walk to Skytrain, Lougheed Mall and Groceries! Very Clean 1 bedroom ground floor condo with a private patio.roof in 2007, piping & boiler in 2003 and new exterior paint 2013. Trouble free building!


#9 ) Address:3088 FIRESTONE PL, Westwood Plateau, Coquitlam

September 23, 2013 V1028385 $1,299,000 $0 0%
October 23, 2013 V1028385 removed after 30 days
November 11, 2013 V1035448 $1,399,000 $0 0%
December 05, 2013 V1035448 $1,365,000 $-34,000 -2%
January 22, 2014 V1035448 $1,360,000 $-39,000 -3%
January 31, 2014 V1035448 removed after 81 days
February 08, 2014 V1045968 $1,359,800 $-39,200 -3%
February 16, 2014 V1045968 $1,338,800 $-60,200 -4%
February 19, 2014 V1045968 $1,318,800 $-80,200 -6%
February 21, 2014 V1045968 $1,289,800 $-109,200 -8%
March 26, 2014 V1045968 $1,279,800 $-119,200 -9%
April 17, 2014 V1045968 removed after 68 days
April 21, 2014 V1059348 $1,269,000 $-130,000 -9%

 

v1059348_1

Current Days on Market: 213 (0.58years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $1,247,000
Desperation Score: 32.0

Must Sell!! Don’t miss this great opportunity to own in this amazing neighbourhood of Hampton Green. Home is over 5000sq ft enter thru the lovely foyer with the dble spiral staircase, continue to the room & dining room & then the amazingoversized kitchen for the cooks out there & family room, 4 bedrooms up & a 2 bedroom bsmt suite down. Enjoy the backyard private backyard with manicured lawn & serene pond backs on greenbelt. Open house April 19, 2-4pm . To view or book private showing ctc Diana 6045126205


#8 ) Address:# 207 1969 WESTMINSTER AV, Glenwood, Port Coquitlam

August 23, 2008 V729487 $319,340 $0 0%
December 17, 2008 V729487 removed after 116 days
November 03, 2013 V1034278 $239,200 $-80,140 -25%
January 04, 2014 V1034278 $229,000 $-90,340 -28%
January 28, 2014 V1034278 $219,000 $-100,340 -31%
February 27, 2014 V1034278 $209,000 $-110,340 -35%
April 17, 2014 V1034278 $199,000 $-120,340 -38%

 

v1034278_1

Current Days on Market: 172 (0.47years)
Current ‘Official’ Days on Market: 172
2013 Assessment: $252,600
Desperation Score: 32.5

Large 1 bedroom and den unit with 819 sq. ft. Cheater ensuite through the walk-in closet. Laminate flooring, granite countertops, undermount sink and more. 2 large rooftop decks for enjoyment. Common amenity room on the lobby level. Close to shopping, West Coast Express and all other amenities. Easy to show ……


#7 ) Address:32570 DEWDNEY TRUNK RD, Mission BC, Mission

May 02, 2008 F2812861 $649,000 $0 0%
May 23, 2008 F2812861 $629,000 $-20,000 -3%
June 20, 2008 F2812861 $595,000 $-54,000 -8%
July 24, 2008 F2812861 $549,000 $-100,000 -15%
October 25, 2008 F2812861 $529,000 $-120,000 -18%
February 06, 2009 F2812861 $519,000 $-130,000 -20%
March 11, 2009 F2812861 removed after 313 days
May 05, 2009 F2909120 $519,000 $-130,000 -20%
November 12, 2009 F2909120 removed after 191 days
July 21, 2010 F1019889 $514,900 $-134,100 -21%
September 22, 2010 F1019889 $499,500 $-149,500 -23%
November 18, 2010 F1019889 removed after 120 days
July 13, 2011 F1117654 $549,000 $-100,000 -15%
July 06, 2012 F1117654 removed after 359 days
August 05, 2013 F1318464 $479,000 $-170,000 -26%
October 30, 2013 F1318464 removed after 86 days
November 23, 2013 F1325881 $449,700 $-199,300 -31%
February 25, 2014 F1325881 removed after 94 days
February 27, 2014 F1404620 $437,000 $-212,000 -33%
February 28, 2014 F1404620 $419,000 $-230,000 -35%
April 17, 2014 F1404620 $369,000 $-280,000 -43%

 

f1404620_1

Current Days on Market: 262 (0.72years)
Current ‘Official’ Days on Market: 56
2013 Assessment: $473,000
Desperation Score: 34.2

“Neighborhood Commercial Zoning”. 1.15 Acres the original Cedar Valley lumberyard. Massive warehouse style shops with over 6000 sq.ft. including mezzanine area. Great for autobody, mechanics, welding or ?? On City water, natural gas, 200 amp service in shops. Older solid character home plus a studio apartment over the shop. Parking for 30 vehicles. 1000 sq.ft house, 1000 sq.ft. apt + 6000 sq.ft. shops. Loads of $monthly rent. A rear find, tons of potential. Court ordered sale!


#6 ) Address:1516 BEACH GROVE RD, Beach Grove, Tsawwassen

June 26, 2008 V718754 $1,385,000 $0 0%
November 21, 2008 V718754 removed after 148 days
July 01, 2009 V774551 $1,225,000 $-160,000 -12%
August 29, 2009 V774551 $1,199,000 $-186,000 -13%
September 25, 2009 V774551 $999,000 $-386,000 -28%
October 27, 2009 V774551 removed after 118 days
August 22, 2013 V1023277 $2,098,800 $0 0%
September 14, 2013 V1023277 $1,998,800 $-100,000 -5%
October 18, 2013 V1023277 $1,980,000 $-118,800 -6%
December 09, 2013 V1023277 removed after 109 days
December 21, 2013 V1039255 $1,980,000 $-118,800 -6%
January 27, 2014 V1039255 $1,898,888 $-199,912 -10%
March 05, 2014 V1039255 $1,829,000 $-269,800 -13%
March 13, 2014 V1039255 $1,795,000 $-303,800 -14%
March 31, 2014 V1039255 removed after 100 days
April 07, 2014 V1056208 $1,773,000 $-325,800 -16%
April 23, 2014 V1056208 $1,737,000 $-361,800 -17%

 

v1056208_1

Current Days on Market: 245 (0.67years)
Current ‘Official’ Days on Market: 17
2013 Assessment: $1,335,000
2011 Assessment: $1,256,000
Desperation Score: 34.6

Being featured on “Love it or List it” April 2014. Selling below appraisal value. Elegant and stunning waterfront house designed by award winning architect Rod McFarlane. Significantly rebuilt 3 years ago! Marble flooring, engineered kitchen, stainless appliances, open-plan! Crystal chandeliers, solid wood windows (Windsor) metal accent roof, bathrooms include shower/steam room, soaker tub, Jacuzzi, granite/marble. Master suite has vaulted ceilings and private balcony overlooking the best ocean view around! 2 car detached garage plus BONUS office! Wine room. Sit in your private yard overlooking Mt. Baker! Built by Prizeman Construction Solutions Inc. All rooms now finished! You must see to believe.


#5 ) Address:# 110 27358 32ND AV, Aldergrove, Langley

November 19, 2011 F1128075 $219,900 $0 0%
January 24, 2012 F1128075 $214,900 $-5,000 -2%
February 25, 2012 F1128075 $209,900 $-10,000 -5%
March 16, 2012 F1128075 removed after 118 days
March 22, 2012 F1207153 $197,900 $-22,000 -10%
June 04, 2012 F1207153 removed after 74 days
June 13, 2012 F1215367 $188,800 $-31,100 -14%
September 29, 2012 F1215367 $184,800 $-35,100 -16%
December 14, 2012 F1215367 $172,800 $-47,100 -21%
December 27, 2012 F1215367 removed after 197 days
October 17, 2013 F1323737 $159,900 $-60,000 -27%
December 05, 2013 F1323737 $152,900 $-67,000 -30%
December 19, 2013 F1323737 $146,900 $-73,000 -33%
December 28, 2013 F1323737 removed after 72 days
January 17, 2014 F1401056 $143,900 $-76,000 -35%
February 10, 2014 F1401056 $139,900 $-80,000 -36%
February 28, 2014 F1401056 removed after 42 days
April 07, 2014 F1407891 $175,000 $-44,900 -20%
April 15, 2014 F1407891 removed after 8 days
April 21, 2014 F1409393 $175,000 $-44,900 -20%

 

f1409393_1

Current Days on Market: 189 (0.52years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $166,900
Desperation Score: 35.9

HOLY COW! Can you believe that for this low price you can own this gorgeous 3 bedroom, 2 bathroom almost fully updated condo, in a building which has a newer roof and just had some deck remediation done too! With $8,700 down, your $800 mortgage payment makes this cheaper than rent! So many upgrades including stainless appliances, refreshed countertops, new hardware & lighting in the kitchen; newer laminate and carpet throughout, crown mouldings, baseboards and new lighting throughout. So many updates! The high efficiency gas fireplace heats the whole condo. CORNER UNIT provides extra quiet & privacy, and your patio looks towards a treed area and a brook. HUGE in-suite storage & locker, no closet in kids room. NO RENTALS, 2 PET


#4 ) Address:# 1305 15152 RUSSELL AV, White Rock, White Rock

February 05, 2009 F2902081 $312,000 $0 0%
February 20, 2009 F2902081 removed after 15 days
March 02, 2011 F1105330 $219,000 $-93,000 -30%
March 10, 2011 F1105330 removed after 8 days
November 10, 2011 F1127261 $344,900 $0 0%
February 10, 2012 F1127261 removed after 92 days
March 26, 2012 F1207518 $344,900 $0 0%
May 11, 2012 F1207518 removed after 46 days
August 11, 2012 F1220496 $349,500 $0 0%
March 01, 2013 F1220496 removed after 202 days
March 16, 2013 F1306018 $259,000 $-90,500 -26%
April 16, 2013 F1306018 removed after 31 days
June 15, 2013 F1314180 $239,000 $-110,500 -32%
July 20, 2013 F1314180 $229,000 $-120,500 -34%
December 02, 2013 F1314180 removed after 170 days
February 08, 2014 F1402814 $219,000 $-130,500 -37%
March 07, 2014 F1402814 $214,000 $-135,500 -39%
April 10, 2014 F1402814 $205,000 $-144,500 -41%
April 23, 2014 F1402814 $199,000 $-150,500 -43%

 

f1402814_1

Current Days on Market: 896 (2.45years)
Current ‘Official’ Days on Market: 75
2013 Assessment: $248,000
2011 Assessment: $251,000
Desperation Score: 37.0

Must Sell!!! Priced much below the assessed value for a quick sale. Unit is vacant and priced for immediate occupancy. Welcome to the Miramar Village luxury executive bachelor suite built by the Bosa Properties which offers high end appliances, large built in murphy bed, heated floors, A/C, full size washer/dryer, lots of storage, high end finishing thru-out plus breathtaking North Shore Mountain, City and Golden Ears Views. Convenient urban village location with all the amenities including transportation, restaurants, and shopping right outside your front door. Call today! At this unbelievable price it won’t last long! * PREC – Personal Real Estate Corporation


#3 ) Address:8059 WILLET PL, Hatzic, Mission

March 16, 2008 F2806836 $545,000 $0 0%
April 10, 2008 F2806836 removed after 25 days
February 17, 2013 F1303591 $589,000 $0 0%
April 13, 2013 F1303591 $574,900 $-14,100 -2%
May 12, 2013 F1303591 removed after 84 days
May 25, 2013 F1312160 $379,000 $-210,000 -36%
July 06, 2013 F1312160 $369,000 $-220,000 -37%
September 07, 2013 F1312160 $364,900 $-224,100 -38%
September 18, 2013 F1312160 $354,900 $-234,100 -40%
February 25, 2014 F1312160 removed after 276 days
February 27, 2014 F1404652 $339,900 $-249,100 -42%
March 24, 2014 F1404652 $324,900 $-264,100 -45%
April 17, 2014 F1404652 removed after 49 days
April 21, 2014 F1409466 $341,300 $-247,700 -42%

 

f1409466_1

Current Days on Market: 431 (1.18years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $494,000
Desperation Score: 38.2

Diamond in the Rough. Great location! Situated high on the hill in the desirable Hatzic Bench area. 3 bedrooms up, unauthorized suite down. Easy to show!


#2 ) Address:3233 136A ST, Elgin Chantrell, White Rock

October 18, 2010 F1013938 $995,000 $0 0%
March 01, 2011 F1013938 removed after 134 days
April 22, 2013 F1309384 $4,288,000 $0 0%
April 24, 2013 F1309384 removed after 2 days
May 01, 2013 F1310078 $4,288,000 $0 0%
July 25, 2013 F1310078 $3,988,000 $-300,000 -7%
August 14, 2013 F1310078 removed after 105 days
September 12, 2013 F1321186 $3,988,000 $-300,000 -7%
October 17, 2013 F1321186 $3,788,000 $-500,000 -12%
November 11, 2013 F1321186 removed after 60 days
January 22, 2014 F1401338 $3,788,000 $-500,000 -12%
February 05, 2014 F1401338 $3,688,000 $-600,000 -14%
March 14, 2014 F1401338 removed after 51 days
March 28, 2014 F1407130 $3,498,000 $-790,000 -18%
April 23, 2014 F1407130 $3,188,000 $-1,100,000 -26%

 

f1407130_1

Current Days on Market: 367 (1.01years)
Current ‘Official’ Days on Market: 27
2013 Assessment: $3,387,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 40.4

In a word…. STUNNING. Sprawling 38,000 sqft French Country gated estate in prestigious Bayview Estates. Custom built by master craftsman, Frank Fletcher, the quality and meticulous attention to detail is evident throughout. Extensive wainscotting, crown and stone work, imported tiles and rare woods – no expense has been spared. 6 bedrooms/7 baths, 8478 sqft of luxury. The dream kitchen is the epicurean center of the home; top of the line SubZero & Thermador appliances, massive granite island and large breakfast room with a panoramic view over the yard. Great Room dazzles with 14′ barrel ceiling, elegant lighting, towering stone fireplace and custom built-ins. Large entertainment patio with gas fireplace and built-in barbeque. The Master incl ensuite with lavish use of marble, roman jetted tub and large his & hers WI closets. Home theater, gym, games room, wine cellar & full bar. Rare 1600 sqft, 7 car garage with overheight door for boat or RV. This home must be seen to be appreciated.


#1 ) Address:975 FRASER AV, Hope Center, Hope and Region

May 22, 2013 H1302081 $119,900 $0 0%
August 17, 2013 H1302081 $98,900 $-21,000 -18%
November 15, 2013 H1302081 $84,900 $-35,000 -29%
November 23, 2013 H1302081 removed after 185 days
March 21, 2014 H1401049 $127,500 $0 0%
April 14, 2014 H1401049 $115,500 $-12,000 -9%
April 23, 2014 H1401049 $99,500 $-28,000 -22%

 

h1401049_1

Current Days on Market: 337 (0.92years)
Current ‘Official’ Days on Market: 34
2013 Assessment: $120,900
Desperation Score: 42.2

What a deal on this rancher with full separate entry basement. Great opportunity to build some sweat equity. Perfect for a first time buyer or anyone looking to do a little work. 2 Large bedrooms on the main and a full bathroom. Full unfinished basement could easily be made into 2 more bedrooms and a recroom or keep as a workshop. Good size lot. Call for details.

Weekly Drop Metro Vancouver Attached – April 22, 2014

Here are the 10 attached properties in Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that changed their price or were relisted under a new MLS number the previous week AND have dropped the largest percentage overall from their original asking price.

 


#10 ) Address:# 102 8680 LANSDOWNE RD, Brighouse, Richmond

March 01, 2008 V691875 $383,000 $0 0%
July 24, 2008 V691875 removed after 145 days
October 08, 2011 V914702 $349,000 $-34,000 -9%
March 31, 2012 V914702 removed after 175 days
March 01, 2013 V993188 $339,000 $-44,000 -11%
April 12, 2013 V993188 $329,000 $-54,000 -14%
August 07, 2013 V993188 removed after 159 days
January 16, 2014 V1040023 $335,000 $-48,000 -13%
February 16, 2014 V1040023 $318,000 $-65,000 -17%
March 31, 2014 V1040023 removed after 74 days
April 16, 2014 V1058455 $316,000 $-67,000 -17%

 

v1058455_1

Current Days on Market: 418 (1.15years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $289,000
2011 Assessment: $301,400
Desperation Score: 18.3

LOCATION LOCATION!! Across from Kwantlen University & Lansdowne Mall. Marquise Estates is now COMPLETELY updated to its Perfect State! Re-piping done in 2009, Roof done in 2010, all Fireplaces are updated in 2012, Building Envelope: NEW WINDOWS, NEW EXTERIOR PAINT, NEW BALCONY RAILINGS & MEMBRACE Dec 2013. Owner paid $42,000 special levy. Absolutely worry-free building! Living in a 1088SF 2 Bdrm, 2bath with bright and spacious layout! LARGE East facing balcony. Immaculate, clean and move in condition! Walk to skytrain, Target, and the future coming Walmart! Super Central Location! Call for a private showing!


#9 ) Address:# 203 5388 GRIMMER ST, Metrotown, Burnaby

February 12, 2012 V931093 $418,000 $0 0%
March 14, 2012 V931093 $407,000 $-11,000 -3%
June 01, 2012 V931093 removed after 110 days
April 21, 2014 V1059100 $343,800 $-74,200 -18%

 

v1059100_1

Current Days on Market: 2 (0.01years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $335,000
Desperation Score: 13.3

Central location. Close to Metrotown Centre. South facing with lots of upgrades. Spacious open floor plan with gourmet kitchen featuring stone countertop, laminate floors and many more. Priced to sell.


#8 ) Address:# 1010 1268 W BROADWAY, Fairview, Vancouver West

June 06, 2013 V1010951 $729,000 $0 0%
July 06, 2013 V1010951 $689,000 $-40,000 -5%
October 06, 2013 V1010951 $655,000 $-74,000 -10%
January 29, 2014 V1010951 removed after 237 days
March 10, 2014 V1051071 $638,000 $-91,000 -12%
April 09, 2014 V1051071 removed after 30 days
April 16, 2014 V1058230 $599,000 $-130,000 -18%

 

v1058230_1

Current Days on Market: 321 (0.88years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $615,000
2011 Assessment: $627,000
2011 Last Sale: $640,000 on 05/Apr/2011
Total Loss IF sold for list price: 38,172 transaction costs and 41,000 loss on sale = LOSS of 79,172
Desperation Score: 25.1

Unbeatable Price, Unobstructed View, Desirable Location… This functional layout, spacious 3 bedroom sub penthouse centrally located, with 180 degree magnificent view to the city, north shore and False Creek. Floor to ceiling windows allowing lots of natural light. Huge master bedroom with large walk-in closet. 2 side by side parking stalls and 1 storage locker. Bring your decorated ideas and this unit can shine like a gem. Call today for your private showing.


#7 ) Address:# 201 8500 LANSDOWNE RD, Brighouse, Richmond

June 13, 2008 V715767 $179,000 $0 0%
October 02, 2008 V715767 removed after 111 days
November 09, 2011 V919028 $215,000 $0 0%
April 28, 2012 V919028 $198,000 $-17,000 -8%
June 11, 2012 V919028 removed after 215 days
June 13, 2012 V956118 $198,000 $-17,000 -8%
August 03, 2012 V956118 removed after 51 days
April 16, 2014 V1058313 $174,800 $-40,200 -19%

 

v1058313_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $170,100
2011 Assessment: $188,800
Desperation Score: 11.8

Do you want the best central Richmond location? Do you want the best price? Here it is! Across street to Kwantlen Univ., Lansdowne Shopping, and Canada Line train to airport and Vancouver. This large 1 bedroom is super clean, has new flooring and spotless appliances. Loads of room for family and friends to enjoy a visit. Lovely treed outlook from balcony with space for BBQ and al fresco dining. Huge in-suite storage, hot water and heat included in monthly fee. 1 secured parking and visitor parking. Affordable, well-run building – great for first time buyer, or investor. No rental restrictions. No work to do here, just move in!


#6 ) Address:# 102 4438 ALBERT ST, Vancouver Heights, Burnaby

July 15, 2012 V962184 $556,000 $0 0%
October 26, 2012 V962184 $529,000 $-27,000 -5%
January 01, 2013 V962184 removed after 170 days
January 18, 2013 V985769 $529,000 $-27,000 -5%
April 24, 2013 V985769 removed after 96 days
April 27, 2013 V1003615 $498,000 $-58,000 -10%
September 30, 2013 V1003615 removed after 156 days
February 13, 2014 V1046790 $469,900 $-86,100 -15%
April 16, 2014 V1046790 $449,900 $-106,100 -19%

 

v1046790_1

Current Days on Market: 647 (1.77years)
Current ‘Official’ Days on Market: 69
2013 Assessment: $435,000
2011 Assessment: $475,000
Desperation Score: 20.4

LARGE ONE LEVEL TOWNHOUSE at Monticello in Vancouver Heights! North facing towards mountains, ground level with your own front door and patio for summer relaxation. Original owner upgraded unit with Engineered flooring throughout and converted 4 pc en suite bath tub to double shower for easy access. This home offers granite counters, rich mocha cabinetry, S/S appliances, extra large living area and bedrooms. Only 1 block to full shopping facilities, transportation, Confederation Park, and Eileen Daly Recreation Centre. Includes 1 secure underground parking and storage locker.


#5 ) Address:# 307 5885 IRMIN ST, Metrotown, Burnaby

May 21, 2010 V831758 $438,888 $0 0%
July 20, 2010 V831758 $415,000 $-23,888 -5%
December 31, 2010 V831758 removed after 224 days
May 05, 2011 V886318 $475,000 $0 0%
May 18, 2011 V886318 $455,000 $-20,000 -4%
June 01, 2011 V886318 $435,000 $-40,000 -8%
June 08, 2011 V886318 $415,000 $-60,000 -13%
August 09, 2011 V886318 $398,888 $-76,112 -16%
September 07, 2011 V886318 $388,000 $-87,000 -18%
September 22, 2011 V886318 $378,000 $-97,000 -20%
November 03, 2011 V886318 $375,000 $-100,000 -21%
December 13, 2011 V886318 removed after 222 days
December 15, 2011 V922367 $379,000 $-96,000 -20%
January 19, 2012 V922367 $359,000 $-116,000 -24%
March 08, 2012 V922367 removed after 84 days
October 21, 2013 V1032537 $384,000 $-91,000 -19%
December 09, 2013 V1032537 removed after 49 days
January 04, 2014 V1039766 $385,000 $-90,000 -19%
February 05, 2014 V1039766 $379,900 $-95,100 -20%
April 01, 2014 V1039766 removed after 87 days
April 21, 2014 V1059261 $379,000 $-96,000 -20%

 

v1059261_1

Current Days on Market: 184 (0.50years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $348,000
Desperation Score: 13.5

Affordable and well kept newer 2 bedroom unit on MacPherson Walk. High 9 foot ceiling, Granite countertops, Stainless Steel appliances with gas stove range. Laminated wood floor, and much more. Central location – walking distance to skytrain station. Close to elementary and high schools. Balance of 2-5-10 new home warranty program. Call for an easy showing. All measures approximate and should be verified if deemed important.


#4 ) Address:# 103 750 E 7TH AV, Mount Pleasant, Vancouver East

May 17, 2008 V709523 $339,000 $0 0%
July 03, 2008 V709523 removed after 47 days
February 10, 2014 V1046271 $274,900 $-64,100 -19%
March 12, 2014 V1046271 $269,000 $-70,000 -21%
April 14, 2014 V1046271 removed after 63 days
April 16, 2014 V1058317 $269,000 $-70,000 -21%

 

v1058317_1

Current Days on Market: 72 (0.20years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $255,800
2011 Assessment: $272,600
Desperation Score: 20.0

CLEAN & VERY BRIGHT EXTRA LARGE ONE BEDROOM UNIT FACING SOUTH. FEATURES, A VERY SPACIOUS LIVING ROOM, LARGE BEDROOM, WALK-TROUGH KITCHEN, SEPARATE DINING ROOM, NOOK FOR COMPUTER DESK, INSUITE STORAGE + STORAGE LOCKER DOWNSTAIRS, ALL LAMINATED AND TILE FLOORS AND QUIET & PRIVATE PATIO, HEAT & HOT WATER INCLUDED IN THE MAINTENANCE. WELL LOOKED AFTER BUILDING WITH NEW BOILERS IN 2010, PARTIAL NEW PLUMBING IN 2012, NEW COMMON AREAS IN 2013 & NEXT TO THE BEAUTIFUL SOHALI PARK, SHORT WALK TO THE TRENDY MAIN ST. AREA, RESTAURANTS, SHOPS, SCHOOL, TRANSPORTATION, VCC SKYTRAIN AND ONLY MINUTES TO DOWNTOWN.


#3 ) Address:# 2204 565 SMITHE ST, Downtown, Vancouver West

November 06, 2009 V796364 $838,000 $0 0%
March 01, 2010 V796364 removed after 115 days
November 17, 2010 V858573 $788,800 $-49,200 -6%
January 05, 2011 V858573 $719,000 $-119,000 -14%
February 22, 2011 V858573 $699,900 $-138,100 -16%
March 28, 2011 V858573 removed after 131 days
April 02, 2011 V879458 $698,800 $-139,200 -17%
April 19, 2011 V879458 removed after 17 days
March 29, 2012 V939866 $748,800 $-89,200 -11%
April 19, 2012 V939866 $728,800 $-109,200 -13%
April 24, 2012 V939866 removed after 26 days
April 26, 2012 V945823 $698,800 $-139,200 -17%
May 18, 2012 V945823 $678,800 $-159,200 -19%
July 09, 2012 V945823 removed after 74 days
January 23, 2014 V1043065 $668,800 $-169,200 -20%
March 19, 2014 V1043065 $658,800 $-179,200 -21%
April 08, 2014 V1043065 removed after 75 days
April 17, 2014 V1058559 $658,800 $-179,200 -21%

 

v1058559_1

Current Days on Market: 90 (0.25years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $661,000
2011 Assessment: $635,000
2011 Last Sale: $656,000 on 15/Apr/2011
Total Loss IF sold for list price: 40,166 transaction costs and 2,800 profit on sale = LOSS of 37,366
Desperation Score: 12.0

Private collection at the Vita by Solterra! Located steps away from Robson Street, Granville Street, Orpheum Theatre, shopping mall, restaurants, library, skytrain and more. Bright NW exposure. 2 bedrooms, 2 bathrooms and den features highend finishing with European appliances and fixtures. Hardwood floor finish. 8’6 floor to ceiling windows. Amenities include gym, kids play area, hot tub, lounging area and rooftop terraces. Make an appointment today and experience it yourself.

 


#2 ) Address:# 204 14300 RIVERPORT WY, East Richmond, Richmond

November 10, 2006 V620206 $669,900 $0 0%
March 30, 2007 V620206 removed after 140 days
March 24, 2014 V1053760 $525,000 $-144,900 -22%
April 14, 2014 V1053760 removed after 21 days
April 16, 2014 V1058401 $499,900 $-170,000 -25%

 

v1058401_1

Current Days on Market: 30 (0.08years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $494,000
2011 Assessment: $546,000
Desperation Score: 23.5

This TOP FLOOR, CORNER UNIT, has the BEST UNOBSTRUCTED VIEWS (180 degree) OF THE WATER & MTNS and by far is one of the BEST FLOORPLANS in Waterstone Pier. Completed in 2007, this quality development was built with an emphasis on sustainable building practices and the highest attention to detail with no expense spared. Features of this 2 bdrm + den home include geothermal heating & cooling, laminate flooring, higher end stainless steel appliances, Groehe plumbing fixtures, double edged granite countertops, a gas stove and floor to ceiling windows which capture views of the working Fraser River. Just minutes from Silver City Entertainment Complex with theatres, restaurants and Watermania pool and fitness centre.


#1 ) Address:2723 W 5TH AV, Kitsilano, Vancouver West

September 02, 2011 V907746 $1,089,000 $0 0%
September 15, 2011 V907746 removed after 13 days
December 04, 2011 V921615 $1,399,900 $0 0%
February 08, 2012 V921615 removed after 66 days
June 13, 2013 V1012168 $1,298,000 $-101,900 -7%
September 16, 2013 V1012168 removed after 95 days
September 20, 2013 V1028072 $1,159,000 $-240,900 -17%
November 23, 2013 V1028072 $1,149,000 $-250,900 -18%
December 28, 2013 V1028072 removed after 99 days
January 04, 2014 V1039829 $1,148,000 $-251,900 -18%
January 04, 2014 V1039829 removed after 0 days
January 16, 2014 V1040331 $1,148,000 $-251,900 -18%
February 14, 2014 V1040331 $1,098,000 $-301,900 -22%
March 24, 2014 V1040331 $998,000 $-401,900 -29%
April 08, 2014 V1040331 removed after 82 days
April 21, 2014 V1059058 $988,000 $-411,900 -29%

 

v1059058_1

Current Days on Market: 314 (0.86years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $1,038,500
Desperation Score: 39.5

Affordable brand new 3 level half duplex home in KITS area!!!! Situated on a quiet street with good neighbourhood, this unit offers 2 good size bedrooms with 2 full baths up / 1 ensuite bedroom in basement. HRV, engineer hardwood flooring, Bosch S/S appliances, excellent workmanship. This is perfect for growing family or first time buyer. Gordon Elementary / Kitsilano Secondary catchment. Steps to transits, shopping, Kits beach and all kinds of amenities. Don’t miss the chance, priced to sell! Call today for showing and more details.

Weekly Drop Metro Vancouver Detached – April 21, 2014

Here are the 10 detached properties in Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that changed their price or were relisted under a new MLS number the previous week AND have dropped the largest percentage overall from their original asking price.  There are some gaps in assessment data – I have some old data and can pull up 2013 but if you see years missed it is because I just don’t have the information available.

Vancouver West and West Vancouver each make the list 3 times

 

#10 ) Address:6080 STEVESTON HY, Gilmore, Richmond

March 15, 2008 V694233 $1,098,000 $0 0%
May 22, 2008 V694233 $998,000 $-100,000 -9%
July 01, 2008 V694233 removed after 108 days
July 17, 2008 V722870 $998,000 $-100,000 -9%
October 01, 2008 V722870 removed after 76 days
May 06, 2010 V827605 $1,180,000 $0 0%
September 02, 2010 V827605 removed after 119 days
June 28, 2012 V958873 $3,880,000 $0 0%
June 26, 2013 V958873 removed after 363 days
July 06, 2013 V1016060 $3,880,000 $0 0%
November 07, 2013 V1016060 $3,380,000 $-500,000 -13%
April 15, 2014 V1016060 $2,998,000 $-882,000 -23%

 

v1016060_1

Current Days on Market: 663 (1.82years)
Current ‘Official’ Days on Market: 290
2013 Assessment: $2,003,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 19.9

ABSOLUTELY GORGEOUS! THE MAJESTIC WORLD CLASS ESTATE SIT ON A LARGE LOT 35,280 sqt. & offering 7,217 sqt. of pure luxury living space. Grand marble entrance with 22′ high ceilings. The unique design captures the best of a modern feeling as the interior is integrated with superb quality & meticulous detained finishing & meticulous attention to details. Features include: Hardwood floor, radiant heating & air conditioning, HRV, granite counter top and security system, open gourmet kitchen w/ top of line s/s appliances. Large theater on main floor. Huge sundeck with 2 gas BBQ’s. Custom landscaping with extensive use of a variety of plants. TRULY A MASTERPIECE OF CRAFTSMANSHIP &ARCHITECTURAL SPLENDOR. Open house: Sat & Sun: 2pm-4pm

” THE MAJESTIC WORLD CLASS ESTATE “, “unique design captures the best of a modern feeling” down almost $900K after close to 2 years on the market


#9 ) Address:3771 DOLLARTON HY, Roche Point, North Vancouver

May 08, 2008 V706638 $1,895,000 $0 0%
August 31, 2008 V706638 removed after 115 days
September 15, 2008 V733398 $1,895,000 $0 0%
November 03, 2008 V733398 removed after 49 days
January 23, 2013 V986616 $4,798,000 $0 0%
April 03, 2013 V986616 $4,450,000 $-348,000 -7%
May 30, 2013 V986616 removed after 127 days
July 06, 2013 V1016201 $3,888,000 $-910,000 -19%
September 04, 2013 V1016201 removed after 60 days
September 07, 2013 V1025625 $3,888,000 $-910,000 -19%
December 28, 2013 V1025625 removed after 112 days
January 16, 2014 V1041520 $3,799,000 $-999,000 -21%
April 15, 2014 V1041520 $3,699,000 $-1,099,000 -23%

 

v1041520_1

Current Days on Market: 454 (1.24years)
Current ‘Official’ Days on Market: 96
2013 Assessment: $2,909,000
Desperation Score: 24.1

Immerse yourself in extremely rare beachfront living at its finest. We proudly present another Noble Cove home: a spectacular 1 yr old, contemporary beauty. Moor your boat in your own 45′ boat slip on the concrete dock; stroll down your back path to a sandy beach; relax in the hot tub or chill on the decks while watching the tide toll in. 2 large Eclipse sliding doors showcase fabulous ocean views from incredible chef’s kitchen, great room & dining room. Upstairs you’ll find 4 beds, & 3 baths; stunning master & spa-like bathrm w/ floor to ceiling windows. Down is an extra bed (also wired as theatre rm) w/ bath, rec room & 1 bed suite. With a 2/5/10 warranty, Savant home automation, sec cams, wine room & more, this home has it all!

Down over a million and listed for over a year.  Great beach front but awkward spot – kind of isolated in terms of neighbours and right next to a ship yard


#8 ) Address:27 W 17TH AV, Cambie, Vancouver West

November 12, 2009 V797172 $898,000 $0 0%
November 13, 2009 V797172 $988,800 $0 0%
February 09, 2010 V797172 removed after 89 days
April 12, 2013 V1000578 $2,588,000 $0 0%
May 07, 2013 V1000578 $2,399,000 $-189,000 -7%
August 07, 2013 V1000578 removed after 117 days
September 07, 2013 V1025681 $2,299,000 $-289,000 -11%
October 29, 2013 V1025681 $2,248,000 $-340,000 -13%
January 23, 2014 V1025681 removed after 138 days
January 29, 2014 V1044187 $2,128,000 $-460,000 -18%
March 20, 2014 V1044187 $2,099,000 $-489,000 -19%
April 15, 2014 V1044187 $1,988,000 $-600,000 -23%

 

v1044187_1

Current Days on Market: 375 (1.03years)
Current ‘Official’ Days on Market: 83
2013 Assessment: $2,026,000
2012 Assessment: $1,902,000
2011 Assessment: $2,004,000
Desperation Score: 30.5

OPEN HOUSE SAT FEB 1st, 2-4pm. LUXURY Monster Home w/Mortage Helper. NO GST! Total: 3445sqft, 9 bedrooms; 5 Up, 4 Down, 7 baths. All 3 Floors 10 ft Ceilings! Mountain Views –* Main/Upper. Open Plan, Huge Kitchen: Sub-Zero 48″ fridge. Wolf range, Wine cooler 2 Lrg Gas F/P. 3 bath up (all Ensuite). Mstr bd w/jacuzzi tub & large shower. *Extremely Bright* 6 skylights. All rms/area have sep music sys controlled by pc/ipod/ipad; Wired 4 Satellite/Cbl/Internet. Dual heat sources – 1) radiant (gas) 2)ductless heat/AC (elect). 80 energy rating!! Structure is over-engineered. Mortgage helper can bring $3,000/month! All meas approx. Buyer to verify if important. 2/5/10 warranty. 4bd Suite Below has sep address: 29 W 17th & Sep meter!

“LUXURY Monster Home” – you realize that this isn’t something positive, right?  “NO GST!” – it’s 3 years old, why is this a useful comment?  “Structure is over-engineered” – again, not really a good thing to say.  Tons and tons of abbreviations.  Richard Morrison, this is a fail


#7 ) Address:1761 OTTAWA AV, Ambleside, West Vancouver

March 18, 2013 V996252 $2,600,000 $0 0%
June 07, 2013 V996252 $2,195,000 $-405,000 -16%
October 30, 2013 V996252 removed after 226 days
November 03, 2013 V1034441 $2,195,000 $-405,000 -16%
April 17, 2014 V1034441 $1,988,000 $-612,000 -24%

 

v1034441_1

Current Days on Market: 400 (1.10years)
Current ‘Official’ Days on Market: 170
2013 Assessment: $2,154,400
Desperation Score: 20.3

A fabulous estate property, .84 of an acre, situated in the heart of Ambleside. A 50′s Ron Thom style home sits in amongst the towering trees and beside a gorgeous creek, creating a wonderful completely private estate setting. The one level2900 sqft home features a magnificent living area with high ceilings, floor to ceiling windows and an impressive fireplace taking up one wall. Very seldom do large estate properties like this come available in Ambleside. This offers a wonderful opportunity to build your estate home or renovate the existing one.

Large ambleside lot almost $200K below assessment


#6 ) Address:4047 WILLIAM ST, Willingdon Heights, Burnaby

April 02, 2012 V940692 $2,388,888 $0 0%
June 01, 2012 V940692 $2,268,000 $-120,888 -5%
June 30, 2012 V940692 removed after 89 days
July 13, 2012 V961689 $2,088,888 $-300,000 -13%
August 01, 2012 V961689 removed after 19 days
November 15, 2012 V980153 $1,899,800 $-489,088 -20%
February 16, 2013 V980153 removed after 93 days
March 27, 2013 V997541 $1,899,800 $-489,088 -20%
June 25, 2013 V997541 removed after 90 days
September 07, 2013 V1025448 $1,898,888 $-490,000 -21%
October 11, 2013 V1025448 $1,838,800 $-550,088 -23%
November 29, 2013 V1025448 removed after 83 days
April 17, 2014 V1058491 $1,798,888 $-590,000 -25%

 

v1058491_1

Current Days on Market: 750 (2.05years)
Current ‘Official’ Days on Market: 5
2013 Assessment: $1,285,000
Desperation Score: 17.1

Gorgeous 3 storey craftsman home! Beautiful views from the South, West & North. This home is built w/high quality tile & H/W floors. An open concept kitch w/large island & eating area covered w/granite countertops. The kitch appliances are commercial grade (Sub Zero Fridge, 2 Meile D/W & Thermador 48″ Gas Stove). Just off the kitch is a beautiful outdoor patio w/built in natural gas for BBQ & patio heaters. Rounded staircase w/iron & wood railing leading u upstairs to 3 bedrooms, all w/private baths. The Mbdrm features a large walk in shower w/Jacuzzi tub & covered deck w/a view of downtown. The bsmt offers living quarters w/separate entry & alarm. Beautiful stone face ext w/natural rock stucco. Built by well known Italian builder.

Listed for over 2 years and still 40% over assessment although assessment does seem very low compared to similar Burnaby homes


#5 ) Address:9131 DOLPHIN AV, Garden City, Richmond

October 25, 2007 V675117 $969,000 $0 0%
November 22, 2007 V675117 removed after 28 days
June 13, 2010 V835925 $1,498,000 $0 0%
December 08, 2010 V835925 removed after 178 days
December 19, 2010 V861338 $1,498,000 $0 0%
January 25, 2011 V861338 $1,580,000 $0 0%
March 22, 2011 V861338 removed after 93 days
January 30, 2013 V987749 $2,280,000 $0 0%
February 23, 2013 V987749 $1,780,000 $-500,000 -22%
July 25, 2013 V987749 removed after 176 days
July 29, 2013 V1019860 $1,750,000 $-530,000 -23%
December 28, 2013 V1019860 removed after 152 days
January 16, 2014 V1039942 $1,750,000 $-530,000 -23%
April 14, 2014 V1039942 removed after 88 days
April 16, 2014 V1058459 $1,700,000 $-580,000 -25%

 

v1058459_1

Current Days on Market: 447 (1.22years)
Current ‘Official’ Days on Market: 6
2013 Assessment: Unknown
2012 Assessment: Unknown
2011 Assessment: $1,097,000
2011 Last Sale: $1,538,000 on 07/Mar/2011
Total Profit IF sold for list price: 86,960 transaction costs and 162,000 profit on sale = Profit of 75,040
Desperation Score: 20.3

Wow! Rare available city centre Mansion house, 74×143.5 feet, over 10656 SF lot, only land value already worth the asking price. Plus 23 years young 4000 SF custom built house by famous architect. Total 5 bedroom, 5 bathrooms. Spiral stairs leading to the upper level. Both inside & outside house are total renovation in year 2012. 3 covered car garage, walking distance to shopping mall, all level schools & public transit. Park view available, huge back yard, covered patio is suitable for entertaining friends. This is your dream house, move in today.

“Wow! Rare available city centre Mansion house”, “only land value already worth the asking price. “, “Both inside & outside house are total renovation in year 2012″.  Wiseman Ni (yes he named himself Wiseman), terrible description


#4 ) Address:115 MOUNTAIN DR, Lions Bay, West Vancouver

May 04, 2013 V1005028 $950,000 $0 0%
June 28, 2013 V1005028 $989,800 $0 0%
July 06, 2013 V1005028 $898,800 $-91,000 -9%
August 07, 2013 V1005028 removed after 95 days
September 14, 2013 V1026824 $868,900 $-120,900 -12%
October 14, 2013 V1026824 $832,900 $-156,900 -16%
November 15, 2013 V1026824 $799,900 $-189,900 -19%
December 09, 2013 V1026824 removed after 86 days
December 13, 2013 V1038794 $799,900 $-189,900 -19%
February 05, 2014 V1038794 $775,900 $-213,900 -22%
March 12, 2014 V1038794 removed after 89 days
March 17, 2014 V1052745 $752,900 $-236,900 -24%
April 15, 2014 V1052745 $729,900 $-259,900 -26%

 

v1052745_1

Current Days on Market: 353 (0.97years)
Current ‘Official’ Days on Market: 36
2013 Assessment: $837,000
Desperation Score: 39.4

Enjoy the ocean view from this contemporary home nestled on huge private lot. 4 bedrooms, 3 baths, two wood burning fireplaces, good size kitchen with centre island, sunken living room. Great investment with a little updating, call today to view.

Almost 15% below assessment


#3 ) Address:585 SOUTHBOROUGH DR, British Properties, West Vancouver

October 06, 2006 V614690 $1,570,000 $0 0%
February 06, 2007 V614690 $1,470,000 $-100,000 -6%
February 22, 2007 V614690 removed after 139 days
February 24, 2010 V811084 $1,490,000 $-80,000 -5%
March 08, 2010 V811084 removed after 12 days
May 07, 2012 V948191 $9,988,000 $0 0%
July 31, 2012 V948191 $8,680,000 $-1,308,000 -13%
October 03, 2012 V948191 removed after 149 days
October 05, 2012 V975284 $8,280,000 $-1,708,000 -17%
November 21, 2012 V975284 removed after 47 days
September 12, 2013 V1026204 $7,280,000 $-2,708,000 -27%
November 15, 2013 V1026204 $6,980,000 $-3,008,000 -30%
April 01, 2014 V1026204 removed after 201 days
April 16, 2014 V1058204 $6,880,000 $-3,108,000 -31%

 

v1058204_1

Current Days on Market: 222 (0.61years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $5,530,000
Desperation Score: 18.6

The one and only kind of Architectural concept in W Vancouver. A contemporary design – private courtyard that surounded dwelling spaces. This elegant home situated in prestigious lower British Properties, grand foyer, total 7 bedrooms and 7 bathrooms, 2 dens, office, library, piano lounge, gym, media room, gallery hallway, highest quality finished with wood panel, radiant heated floor (German Heated system) Private outdoor easy park 16 cars. Park like garden. Pleasure to show.

“The one and only kind of Architectural concept in W Vancouver.” What does this even mean?!?!?!?!?!? “private courtyard that surounded dwelling spaces.” – huhhhh?!?!?!  Most of these listing descriptions in the top 10 are complete garbage.  Edith Chan, this is a $10 million dollar house err  I mean $6.9 million dollar house you are trying to sell.  How about getting some grade 7 kids to proof read this before posting.  Maybe you can give them a cut of your $200K commission…


#2 ) Address:4626 DUNBAR ST, Dunbar, Vancouver West

April 03, 2011 V879744 $1,500,000 $0 0%
April 20, 2011 V879744 removed after 17 days
October 19, 2011 V916262 $2,388,000 $0 0%
November 22, 2011 V916262 $2,200,000 $-188,000 -8%
February 10, 2012 V916262 removed after 114 days
April 18, 2013 V1001797 $1,880,000 $-508,000 -21%
February 25, 2014 V1001797 removed after 313 days
March 05, 2014 V1050154 $1,690,000 $-698,000 -29%
April 15, 2014 V1050154 $1,640,000 $-748,000 -31%

 

v1050154_1

Current Days on Market: 369 (1.01years)
Current ‘Official’ Days on Market: 48
2013 Assessment: $1,443,900
2011 Assessment: $1,355,000
Desperation Score: 20.9

Fabulous value in this beautiful early century 5 bedroom, 3 bathroom character home sitting on a large 46×120 lot. Your new home has three levels, recently and tastefully updated, providing over 2000 sf of living area. Excellent east facing back yard for breakfasts, barbecues and your veggie garden. Great location with high walkability score: Dunbar Community Centre, restaurants, Dunbar Theatre, shopping. And best yet, blocks to Pacific Spirit park, St. Georges, and UBC. View photos online and call for showings schedule.


#1 ) Address:3590 W 30TH AV, Dunbar, Vancouver West

October 19, 2011 V916250 $2,750,000 $0 0%
November 22, 2011 V916250 $2,500,000 $-250,000 -9%
April 04, 2012 V916250 removed after 168 days
April 18, 2013 V1001798 $2,088,000 $-662,000 -24%
May 25, 2013 V1001798 $1,980,000 $-770,000 -28%
February 25, 2014 V1001798 removed after 313 days
March 05, 2014 V1050148 $1,790,000 $-960,000 -35%
April 14, 2014 V1050148 $1,640,000 $-1,110,000 -40%
April 15, 2014 V1050148 $1,690,000 $-1,060,000 -39%

 

v1050148_1

Current Days on Market: 369 (1.01years)
Current ‘Official’ Days on Market: 48
2013 Assessment: $1,608,000
2012 Assessment: $1,454,000
2011 Assessment: $1,506,000
Desperation Score: 29.4

Large Vancouver Special with 5 bedroom, 3 bathrooms and over 2900 sf of finished area on two floors. Perfect southwest 48×120 corner lot in prime Dunbar neighbourhood. Renovate this large home and enjoy one of Vancouver’s finest neighbourhoods. Walk to Dunbar strip caf?s, restaurants, boutique stores. Blocks to Pacific Spirit Park, UBC, and St. Georges School. It’s the perfect location in a prime neighbourhood. View photos online and call for a private showing.

 Hit #2 spot last week on the 14th but apparently that wasn’t the price they wanted so they raised it $50K a day later.  No difference, it isn’t selling

Weekly Desperation Score Suburbs – April 16, 2014

Here are the 10 properties outside of Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that changed their price or were relisted under a new MLS number the previous 1 week AND have the highest desperation score which is a formula based on price changes, relists and amounts pro rated for recency.  This will hopefully provide a more interesting look at the suburbs since previous weekly drops for these areas were completely filled with old condo’s and lot sales

White Rock leads the way with 3 properties in the top 10


#10 ) Address:1638 OCEAN PARK RD, Crescent Beach/Ocean Park, White Rock

May 02, 2008 F2812789 $879,900 $0 0%
May 21, 2008 F2812789 removed after 19 days
October 15, 2011 F1125532 $1,598,000 $0 0%
November 24, 2011 F1125532 removed after 40 days
January 28, 2012 F1202313 $1,538,800 $-59,200 -4%
March 29, 2012 F1202313 $1,488,800 $-109,200 -7%
May 01, 2012 F1202313 removed after 94 days
May 29, 2012 F1213883 $1,468,000 $-130,000 -8%
July 29, 2012 F1213883 removed after 61 days
September 06, 2012 F1222184 $1,468,000 $-130,000 -8%
December 01, 2012 F1222184 removed after 86 days
February 16, 2013 F1303610 $1,398,000 $-200,000 -13%
April 05, 2013 F1303610 $1,339,000 $-259,000 -16%
May 12, 2013 F1303610 removed after 85 days
May 21, 2013 F1311834 $1,339,000 $-259,000 -16%
May 30, 2013 F1311834 removed after 9 days
July 18, 2013 F1316930 $1,339,000 $-259,000 -16%
August 30, 2013 F1316930 removed after 43 days
September 23, 2013 F1322052 $1,338,800 $-259,200 -16%
November 27, 2013 F1322052 removed after 65 days
December 02, 2013 F1326527 $1,298,000 $-300,000 -19%
March 03, 2014 F1326527 removed after 91 days
March 14, 2014 F1405878 $1,328,000 $-270,000 -17%
April 14, 2014 F1405878 $1,268,800 $-329,200 -21%

 

f1405878_1

Current Days on Market: 916 (2.51years)
Current ‘Official’ Days on Market: 35
2013 Assessment: $1,247,000
2011 Assessment: $1,311,000
Desperation Score: 30.1

Space + Volume + Prime Location. This custom designed gated residence sits on nearly a 1/4 acre on exclusive Ocean Park Road. Located across the bluff in the epicenter of activity, this home is walking distance to 1001 steps, Kwomais Park, amenities of Ocean Park Village, and Ocean Cliff Elementary. 3500+ square foot 4 Bedroom + Den, 4 Bath home features soaring ceiling heights throughout and a grand 22′ foyer, stunning ebony-soaked oak hardwood on main, steam laundry upstairs, multiple decks provide plenty of outside entertaining space, vaulted Great Room, granite kitchen with stainless appliances, travertine inspired bathrooms, 200+ bottle wine cellar, home office, 3 fireplaces, Jack & Jill bathroom separates boys & girls rooms, high-tech central air conditioning, fully self-contained suite (In-law/nanny suite, or easily converted to 2nd master suite), carpeted/heated garage is perfect for home gym, high-end LED hot tub, staggered cedar siding and quality built with 2×6 construction.

In the last 2.5 years this home has had 10 MLS Numbers, 8 price drops, 1 price increase and 3 relist at same prices.  Meanwhile the assessment continues to drop


#9 ) Address:# 409 10088 148TH ST, Guildford, North Surrey

January 25, 2013 F1301760 $299,000 $0 0%
June 30, 2013 F1301760 removed after 156 days
November 03, 2013 F1324931 $235,000 $-64,000 -21%
November 23, 2013 F1324931 $229,800 $-69,200 -23%
December 13, 2013 F1324931 $225,000 $-74,000 -25%
January 20, 2014 F1324931 removed after 78 days
January 27, 2014 F1401798 $225,800 $-73,200 -24%
February 26, 2014 F1401798 $219,900 $-79,100 -26%
April 10, 2014 F1401798 removed after 73 days
April 16, 2014 F1408982 $218,900 $-80,100 -27%

 

f1408982_1

Current Days on Market: 448 (1.23years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $229,800
2011 Assessment: $243,600
Desperation Score: 30.7

Brand new carpet, newly painted ceiling, clean, and ready to move in! Bright top floor unit with high 9 feet ceiling, big windows & private northerly exposure and outdoor balcony has view to court yard and beyond. Spacious 2 bedroom plus flex room (den/bedroom), 2 bath and extra area in bedroom as den, very functional layout and professionally managed buildings. Resort style amenities: swimming pool, sauna, gym, party room & 2 tennis courts, call now and move in to your dream home today!


#8 ) Address:# 208 15323 17A AV, King George Corridor, White Rock

June 04, 2008 F2816825 $399,000 $0 0%
June 19, 2008 F2816825 removed after 15 days
July 30, 2008 F2822896 $399,000 $0 0%
November 27, 2008 F2822896 removed after 120 days
February 25, 2012 F1204793 $310,000 $-89,000 -22%
March 02, 2012 F1204793 removed after 6 days
March 23, 2012 F1207262 $315,000 $-84,000 -21%
October 03, 2012 F1207262 removed after 194 days
October 06, 2012 F1224864 $315,000 $-84,000 -21%
March 01, 2013 F1224864 removed after 146 days
January 16, 2014 F1400152 $259,900 $-139,100 -35%
February 05, 2014 F1400152 $249,900 $-149,100 -37%
March 05, 2014 F1400152 $239,900 $-159,100 -40%
March 24, 2014 F1400152 $234,900 $-164,100 -41%
April 02, 2014 F1400152 removed after 76 days
April 14, 2014 F1408504 $234,900 $-164,100 -41%

 

f1408504_1

Current Days on Market: 92 (0.25years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $289,000
2011 Assessment: $304,000
Desperation Score: 30.8

2 bedroom, 2 bathroom corner unit at Semiahmoo Place. Large sq. footage unit with crown mouldings, 9′ ceilings, in-suite laundry and a corner electric fireplace. Close to Semiahmoo Mall, parks, other shopping, public transportation and restaurants. Minutes from the beach and Peace Arch border crossing. Pets and rentals allowed with restrictions.

20% below assessment and 41% below 2008 asking prices


#7 ) Address:# 232 2821 TIMS ST, Abbotsford West, Abbotsford

July 18, 2007 F2718535 $127,500 $0 0%
August 14, 2007 F2718535 removed after 27 days
September 25, 2007 F2724636 $169,800 $0 0%
October 05, 2007 F2724636 $164,000 $-5,800 -3%
October 25, 2007 F2724636 removed after 30 days
February 13, 2014 F1402915 $89,900 $-79,900 -47%
March 07, 2014 F1402915 $84,900 $-84,900 -50%
April 14, 2014 F1402915 $79,900 $-89,900 -53%

 

f1402915_1

Current Days on Market: 64 (0.18years)
Current ‘Official’ Days on Market: 64
2013 Assessment: $94,900
Desperation Score: 31.1

Affordable “Parkview Estates”. Two bedroom and one full bathroom second floor condo. Covered balcony with reasonable privacy. Well managed 19+ building. Comes with secure u/g parking and additional storage on same floor as unit. Two cats ok, but (sorry) no dogs. Call, email or text for further details. * PREC – Personal Real Estate Corporation

15% below assessment and a whopping 53% below 2007 listing prices


#6 ) Address:975 FRASER AV, Hope Center, Hope and Region

May 22, 2013 H1302081 $119,900 $0 0%
August 17, 2013 H1302081 $98,900 $-21,000 -18%
November 15, 2013 H1302081 $84,900 $-35,000 -29%
November 23, 2013 H1302081 removed after 185 days
March 21, 2014 H1401049 $127,500 $0 0%
April 14, 2014 H1401049 $115,500 $-12,000 -9%

 

No Picture

Current Days on Market: 331 (0.91years)
Current ‘Official’ Days on Market: 28
2013 Assessment: $120,900
Desperation Score: 31.3

What a deal on this rancher with full separate entry basement. Great opportunity to build some sweat equity. Perfect for a first time buyer or anyone looking to do a little work. 2 Large bedrooms on the main and a full bathroom. Full unfinished basement could easily be made into 2 more bedrooms and a recroom or keep as a workshop. Good size lot. Call for details.

This place doesn’t sell for $85K in November but they relist in March for $128K…


#5 ) Address:# 301 1519 GRANT AV, Glenwood, Port Coquitlam

June 24, 2011 V896089 $199,500 $0 0%
December 17, 2011 V896089 removed after 176 days
January 07, 2012 V923924 $198,800 $-700 0%
May 01, 2012 V923924 $195,500 $-4,000 -2%
May 28, 2012 V923924 $192,500 $-7,000 -4%
July 06, 2012 V923924 removed after 181 days
September 15, 2012 V971639 $190,000 $-9,500 -5%
December 10, 2012 V971639 $188,000 $-11,500 -6%
January 11, 2013 V971639 removed after 118 days
January 26, 2013 V987357 $187,000 $-12,500 -6%
May 21, 2013 V987357 $185,000 $-14,500 -7%
August 01, 2013 V987357 removed after 187 days
January 27, 2014 V1043783 $159,000 $-40,500 -20%
February 12, 2014 V1043783 $149,900 $-49,600 -25%
March 19, 2014 V1043783 $143,900 $-55,600 -28%
April 14, 2014 V1043783 $139,900 $-59,600 -30%

 

v1043783_1

Current Days on Market: 1029 (2.82years)
Current ‘Official’ Days on Market: 81
2013 Assessment: $166,400
Desperation Score: 31.9

The Beacon, a superbly located building. Walk to shops, eateries, and bus service. Quiet location. This building was recently rainscreened, which also included a new roof and windows. This is a great looking and well-maintained building. The suite is located close to the elevator, no need to carry your groceries down a long hallway! This is a spacious suite and offers a large walk-in closet plus a large laundry room. There is room for a small table in the kitchen as well. Gas fireplace.

3 years of price drops and now 15% below assessment


#4 ) Address:# 1305 15152 RUSSELL AV, White Rock, White Rock

February 05, 2009 F2902081 $312,000 $0 0%
February 20, 2009 F2902081 removed after 15 days
March 02, 2011 F1105330 $219,000 $-93,000 -30%
March 10, 2011 F1105330 removed after 8 days
November 10, 2011 F1127261 $344,900 $0 0%
February 10, 2012 F1127261 removed after 92 days
March 26, 2012 F1207518 $344,900 $0 0%
May 11, 2012 F1207518 removed after 46 days
August 11, 2012 F1220496 $349,500 $0 0%
March 01, 2013 F1220496 removed after 202 days
March 16, 2013 F1306018 $259,000 $-90,500 -26%
April 16, 2013 F1306018 removed after 31 days
June 15, 2013 F1314180 $239,000 $-110,500 -32%
July 20, 2013 F1314180 $229,000 $-120,500 -34%
December 02, 2013 F1314180 removed after 170 days
February 08, 2014 F1402814 $219,000 $-130,500 -37%
March 07, 2014 F1402814 $214,000 $-135,500 -39%
April 10, 2014 F1402814 $205,000 $-144,500 -41%

 

f1402814_1

Current Days on Market: 890 (2.44years)
Current ‘Official’ Days on Market: 69
2013 Assessment: $248,000
2011 Assessment: $251,000
Desperation Score: 32.3

Must Sell!!! Priced much below the assessed value for a quick sale. Unit is vacant and priced for immediate occupancy. Welcome to the Miramar Village luxury executive bachelor suite built by the Bosa Properties which offers high end appliances, large built in murphy bed, heated floors, A/C, full size washer/dryer, lots of storage, high end finishing thru-out plus breathtaking North Shore Mountain, City and Golden Ears Views. Convenient urban village location with all the amenities including transportation, restaurants, and shopping right outside your front door. Call today! At this unbelievable price it won’t last long! * PREC – Personal Real Estate Corporation

“Must Sell!!! Priced much below the assessed value for a quick sale. Unit is vacant and priced for immediate occupancy. At this unbelievable price it won’t last long! ”  Listed for two and a half years and down 41%


#3 ) Address:10329 N DEROCHE RD, Dewdney/ Deroche, Mission

June 17, 2013 F1314522 $298,000 $0 0%
July 25, 2013 F1314522 $249,000 $-49,000 -16%
November 15, 2013 F1314522 $199,000 $-99,000 -33%
April 14, 2014 F1314522 $149,000 $-149,000 -50%

 

f1314522_1

Current Days on Market: 305 (0.84years)
Current ‘Official’ Days on Market: 305
2013 Assessment: $295,300
Desperation Score: 33.7

2 Bedroom home on 1.2 Acre in the country with creek and beautiful trees. Right across from the newer school & playground and school bus pick up for high school kids. Walking distance to store. Single car garage with root cellar under it. Priced way under assessment value.

50% drop and 50% below assessment.  Another home on Deroche street is #1 this week


#2 ) Address:20761 GRADE CR, Langley City, Langley

May 17, 2008 F2814627 $458,800 $0 0%
June 13, 2008 F2814627 $439,800 $-19,000 -4%
August 08, 2008 F2814627 $429,800 $-29,000 -6%
November 01, 2008 F2814627 removed after 168 days
February 26, 2012 F1204926 $439,000 $-19,800 -4%
April 21, 2012 F1204926 $429,000 $-29,800 -6%
May 11, 2012 F1204926 removed after 75 days
August 26, 2012 F1221558 $449,700 $-9,100 -2%
September 19, 2012 F1221558 $439,700 $-19,100 -4%
October 01, 2012 F1221558 $429,700 $-29,100 -6%
October 24, 2012 F1221558 $419,700 $-39,100 -9%
November 08, 2012 F1221558 removed after 74 days
August 24, 2013 F1319771 $525,000 $0 0%
September 23, 2013 F1319771 $499,900 $-25,100 -5%
September 25, 2013 F1319771 removed after 32 days
October 04, 2013 F1322929 $499,900 $-25,100 -5%
October 25, 2013 F1322929 $479,000 $-46,000 -9%
March 03, 2014 F1322929 removed after 150 days
March 17, 2014 F1405922 $475,000 $-50,000 -10%
March 27, 2014 F1405922 $459,900 $-65,100 -12%
April 14, 2014 F1405922 $440,000 $-85,000 -16%

 

f1405922_1

Current Days on Market: 237 (0.65years)
Current ‘Official’ Days on Market: 32
2013 Assessment: $492,000
Desperation Score: 34.3

Beautiful 5 bedroom home with unauthorized suite perfect for 1st time buyer or investor, situated in a very quiet area of Langley, close to all amenities. This home features a great open floor plan with vaulted ceilings and floor to ceilinggas fireplace. Sunken living room, new laminate, tile & carpet. Very large fenced backyard. Large workshop. Great neighbourhood. Walking trails close by. Don’t miss your chance to see this wonderful home. Quick possession available book your viewing today.

3 price drops in the last month and 10% below assessment


#1 ) Address:10928 N DEROCHE RD, Dewdney/ Deroche, Mission

August 28, 2007 F2722132 $490,000 $0 0%
October 02, 2007 F2722132 removed after 35 days
June 07, 2008 F2817167 $539,900 $0 0%
July 01, 2008 F2817167 $519,000 $-20,900 -4%
July 26, 2008 F2817167 $499,900 $-40,000 -7%
October 22, 2008 F2817167 removed after 137 days
February 22, 2011 F1104493 $508,800 $-31,100 -6%
March 24, 2011 F1104493 $488,800 $-51,100 -9%
April 08, 2011 F1104493 $485,800 $-54,100 -10%
April 22, 2011 F1104493 $480,200 $-59,700 -11%
May 06, 2011 F1104493 $480,800 $-59,100 -11%
May 14, 2011 F1104493 $478,800 $-61,100 -11%
May 20, 2011 F1104493 $475,800 $-64,100 -12%
June 10, 2011 F1104493 $469,800 $-70,100 -13%
June 25, 2011 F1104493 $465,800 $-74,100 -14%
September 11, 2011 F1104493 removed after 201 days
March 02, 2013 F1304787 $430,000 $-109,900 -20%
October 30, 2013 F1304787 removed after 242 days
November 27, 2013 F1326241 $369,000 $-170,900 -32%
January 04, 2014 F1326241 $344,900 $-195,000 -36%
January 23, 2014 F1326241 $342,900 $-197,000 -36%
February 18, 2014 F1326241 $319,000 $-220,900 -41%
March 07, 2014 F1326241 $299,000 $-240,900 -45%
April 10, 2014 F1326241 $284,900 $-255,000 -47%

 

f1326241_1

Current Days on Market: 412 (1.13years)
Current ‘Official’ Days on Market: 142
2013 Assessment: $373,000
Desperation Score: 41.1

VIEWS!!! VIEWS!!! VIEWS!!! 3 bedroom rancher on 1.23 PRIVATE acres in a gorgeous country setting! Beautiful views of the Fraser Valley! Totally private!!! Situated at the dead end of a country street with a long driveway off the road! Has low unfinished walk-out basement (great for storage)!!! Double garage!

“VIEWS!!! VIEWS!!! VIEWS!!!” yes no picture of a view although they chose to show a picture of a trap door staircase leading into some sort of abyss.  47% in price drops

Weekly Drop Metro Vancouver Attached – April 15, 2014

Here are the 10 attached properties in Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that changed their price or were relisted under a new MLS number the previous week AND have dropped the largest percentage overall from their original asking price.

 


#10 ) Address:# 302 540 WATERS EDGE CR, Park Royal, West Vancouver

May 12, 2007 V646827 $1,029,000 $0 0%
July 10, 2007 V646827 $998,000 $-31,000 -3%
September 21, 2007 V646827 $988,000 $-41,000 -4%
November 26, 2007 V646827 removed after 198 days
December 12, 2007 V680900 $991,000 $-38,000 -4%
February 08, 2008 V680900 $969,000 $-60,000 -6%
March 12, 2008 V680900 $948,500 $-80,500 -8%
May 28, 2008 V680900 $928,800 $-100,200 -10%
July 01, 2008 V680900 $898,000 $-131,000 -13%
October 01, 2008 V680900 removed after 294 days
March 21, 2009 V757946 $849,000 $-180,000 -17%
June 24, 2009 V757946 $798,000 $-231,000 -22%
July 15, 2009 V757946 removed after 116 days
April 13, 2012 V942821 $1,148,000 $0 0%
June 19, 2012 V942821 $999,000 $-149,000 -13%
June 30, 2012 V942821 removed after 78 days
August 02, 2012 V964749 $999,000 $-149,000 -13%
September 19, 2012 V964749 $919,000 $-229,000 -20%
January 01, 2013 V964749 removed after 152 days
January 12, 2013 V984698 $918,000 $-230,000 -20%
February 26, 2013 V984698 $899,000 $-249,000 -22%
April 10, 2013 V984698 removed after 88 days
April 14, 2014 V1057629 $888,000 $-260,000 -23%

 

v1057629_1

Current Days on Market: 2 (0.01years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $798,000
Desperation Score: 10.1

The ultimate in Luxury living in West Vancouver’s Waters Edge. 1150sf of Class and grandeur. Enjoy up close view of Lions Gate Bridge and tranquil of the Capilano Rive, from your 2 bedroom and spacious den ( currently transformed to the third bedroom) apartment. This air conditioned unit offers a large kitchen with subzero and Miele appliances and granite countertop. Hardwood and travertine flooring gives this unit a more comfortable feeling. A MUST to see unit.

“Capilano Rive”, Purchased for $817,000 in March, 2013 and going for a quick flip – I’d be willing to bet it eventually sells for under $817,000


#9 ) Address:# 104 36 E 14TH AV, Mount Pleasant, Vancouver East

March 21, 2013 V996791 $179,900 $0 0%
April 13, 2013 V996791 $177,900 $-2,000 -1%
May 07, 2013 V996791 $174,900 $-5,000 -3%
May 25, 2013 V996791 $168,400 $-11,500 -6%
June 19, 2013 V996791 removed after 90 days
October 25, 2013 V1033076 $163,400 $-16,500 -9%
January 22, 2014 V1033076 $155,000 $-24,900 -14%
January 23, 2014 V1033076 removed after 90 days
March 20, 2014 V1053381 $149,000 $-30,900 -17%
April 04, 2014 V1053381 $143,900 $-36,000 -20%
April 09, 2014 V1053381 $139,000 $-40,900 -23%

 

v1053381_1

Current Days on Market: 391 (1.07years)
Current ‘Official’ Days on Market: 27
2013 Assessment: Unknown
Desperation Score: 36.5

This is easy living West of Main! Terrific 1 bedroom updated suite on main floor for easy access. Newer laminate walnut floors throughout, functional kitchen with newer appliances and marble counters, tasteful 4 piece bath with pedestal sink, and fresh paint throughout. This bright suite is in a great leasehold building…low maintenance fees include taxes, cable, heat and hot water. Bright, beautiful and affordable! Prepaid lease to 2074 and a great investment.

Leasehold’s don’t sell particularly well even in the best of times but this one at least has a prepaid lease for another 60 years. 


#8 ) Address:# 3403 1255 SEYMOUR ST, Downtown, Vancouver West

February 02, 2007 V628272 $1,499,900 $0 0%
March 13, 2007 V628272 $1,399,000 $-100,900 -7%
April 17, 2007 V628272 removed after 74 days
June 07, 2007 V651747 $1,349,000 $-150,900 -10%
September 01, 2007 V651747 removed after 86 days
March 21, 2008 V696207 $1,199,000 $-300,900 -20%
April 24, 2008 V696207 removed after 34 days
January 02, 2009 V731170 $1,199,900 $-300,000 -20%
April 14, 2009 V731170 removed after 102 days
September 14, 2013 V1027175 $1,689,900 $0 0%
September 18, 2013 V1027175 removed after 4 days
April 14, 2014 V1057885 $1,300,000 $-389,900 -23%

 

v1057885_1

Current Days on Market: 2 (0.01years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $1,152,000
2011 Assessment: $1,176,000
Desperation Score: 18.7

Spectacular penthouse at the Elan, with breathtaking SW ocean and city views from each room, sprawls over 1320sf of living space on two levels. Main level features hardwood flooring throughout with open plan living, kitchen and dining rooms, allowing for bright easy living space and maximizing the fantastic views. Modern kitchen design offers efficient layouts with an island, the sleek wood cabinets and Whirlpool s/s appliances, quartz countertops and large sink. Upper level holds 2 bright bedrooms with large windows and 2 bathrooms. This home is air-conditioned and includes security system, 2 electric f/p’s, 2 parking stalls, 2 balconies and 1 storage locker. Amenities include gym, yoga, games, and sauna/steam room.

Even with a 23% drop they are still dreaming


#7 ) Address:# 205 2024 FULLERTON AV, Pemberton, North Vancouver

January 25, 2007 V627172 $339,900 $0 0%
February 25, 2007 V627172 removed after 31 days
July 13, 2007 V658586 $428,800 $0 0%
August 22, 2007 V658586 $418,800 $-10,000 -2%
November 01, 2007 V658586 removed after 111 days
February 20, 2011 V870823 $399,000 $-29,800 -7%
May 31, 2011 V870823 removed after 100 days
June 18, 2012 V957230 $349,000 $-79,800 -19%
July 19, 2012 V957230 $338,000 $-90,800 -21%
August 17, 2012 V957230 removed after 60 days
August 24, 2012 V967853 $329,000 $-99,800 -23%
November 14, 2012 V967853 removed after 82 days
April 10, 2014 V1057343 $329,000 $-99,800 -23%

 

v1057343_1

Current Days on Market: 6 (0.02years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $317,000
Desperation Score: 5.8

CAPILANO Bldg, LARGEST sqftage,QUIET location in the bldg, N facing, 2 Balconies, 1 Storage and 1 Parking. In suite storage room large enough currently used as a DEN, EXTRA,LARGE/WIDE GALLEY KITCHEN, all closets floor to ceiling, generous dining/living room area, X-LARGE BEDROOMS. This property renovated in 2007 when purchased by current owners incl. kitchen tile floor, baseboards, closet doors, bathroom, kitchen, carpet and paint. Has been a great family home and with cosmetic updating make it your own and enjoy the extra space this 1137 sqft plan provides. Owner occupied offers easy showings/quick possession. No pets/Rental Allowed. Woodcroft offers too many amenities to list and Electricity, Heat and Hot Water Included!


#6 ) Address:# 802 33 W PENDER ST, Downtown, Vancouver West

October 06, 2006 V606457 $699,900 $0 0%
January 01, 2007 V606457 removed after 87 days
January 02, 2009 V739447 $749,900 $0 0%
June 17, 2009 V739447 removed after 166 days
July 10, 2009 V776200 $699,900 $-50,000 -7%
October 01, 2009 V776200 $569,900 $-180,000 -24%
October 01, 2009 V776200 removed after 83 days
October 09, 2009 V791967 $569,900 $-180,000 -24%
November 06, 2009 V791967 removed after 28 days
August 23, 2012 V967757 $638,000 $-111,900 -15%
October 17, 2012 V967757 $625,000 $-124,900 -17%
November 22, 2012 V967757 removed after 91 days
November 29, 2012 V981492 $615,000 $-134,900 -18%
February 08, 2013 V981492 $610,000 $-139,900 -19%
February 26, 2013 V981492 removed after 89 days
May 04, 2013 V1004778 $598,000 $-151,900 -20%
September 04, 2013 V1004778 removed after 123 days
September 20, 2013 V1027973 $575,000 $-174,900 -23%
November 29, 2013 V1027973 removed after 70 days
January 22, 2014 V1042854 $575,000 $-174,900 -23%
April 09, 2014 V1042854 removed after 77 days
April 14, 2014 V1057831 $569,000 $-180,900 -24%

 

v1057831_1

Current Days on Market: 601 (1.65years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $580,000
Desperation Score: 20.3

Amazing Sub-Penthouse at 33 Living with Epic City and Mountain Views. Buy with confidence in this boutique building built in 2008 with 10′ ceilings, floor-to-ceiling windows, custom walnut cabinetry and millwork, Mustang slate floors throughout, gas S/S cook top and quartz counters in the kitchen/bath. Very functional den with windows facing N/S mountains is perfect for an office or small bedroom. This space is super cool and chic; on the edge of Gastown and minutes walk to everything you need. One parking included, Pets and rentals allowed.

“Sub-Penthouse” not really a thing…  Has been listed under assessment for 7 months and still not selling despite being “super cool”


#5 ) Address:# 1605 158 W 13TH ST, Central Lonsdale, North Vancouver

January 20, 2010 V804537 $1,190,000 $0 0%
March 18, 2010 V804537 $1,125,000 $-65,000 -5%
May 13, 2010 V804537 $1,068,000 $-122,000 -10%
July 19, 2010 V804537 removed after 180 days
March 27, 2011 V878345 $1,068,000 $-122,000 -10%
May 14, 2011 V878345 removed after 48 days
March 14, 2012 V936835 $1,098,000 $-92,000 -8%
August 21, 2012 V936835 removed after 160 days
August 30, 2012 V968488 $980,000 $-210,000 -18%
December 01, 2012 V968488 removed after 93 days
January 27, 2013 V987481 $980,000 $-210,000 -18%
May 30, 2013 V987481 removed after 123 days
June 07, 2013 V1011236 $980,000 $-210,000 -18%
August 01, 2013 V1011236 $958,000 $-232,000 -19%
February 22, 2014 V1011236 $948,000 $-242,000 -20%
March 28, 2014 V1011236 removed after 294 days
March 30, 2014 V1055156 $919,000 $-271,000 -23%
April 10, 2014 V1055156 $899,000 $-291,000 -24%

 

v1055156_1

Current Days on Market: 763 (2.09years)
Current ‘Official’ Days on Market: 17
2013 Assessment: $1,064,000
Desperation Score: 22.8

Ideal location with fabulous panoramic views of the city,ocean,Lions Gate Bridge, and the mountains. Ideal to watch the fireworks, sunsets, and the harbour activity.Spacious 1300 sq. ft. unit open layout nicely finished, 2 bdrs.3 baths

15% under assessment


#4 ) Address:# 305 8860 NO 1 RD, Boyd Park, Richmond

November 01, 2008 V742024 $228,000 $0 0%
January 15, 2009 V742024 $218,800 $-9,200 -4%
February 15, 2009 V742024 $208,000 $-20,000 -9%
March 14, 2009 V742024 $205,000 $-23,000 -10%
March 27, 2009 V742024 removed after 146 days
February 04, 2010 V807658 $309,000 $0 0%
February 22, 2010 V807658 removed after 18 days
May 12, 2010 V829235 $309,000 $0 0%
June 16, 2010 V829235 removed after 35 days
September 23, 2010 V851376 $299,000 $-10,000 -3%
February 01, 2011 V851376 removed after 131 days
April 14, 2014 V1057450 $228,800 $-80,200 -26%

 

v1057450_1

Current Days on Market: 2 (0.01years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $175,900
2011 Assessment: $227,500
Desperation Score: 16.0

TOP FLOOR Apple Greene condo. This spacious unit has been completely renovated just 4 years ago. Kitchen has dark wood cabinetry, quartz counters, stainless steel appliances and tiled backsplash. Crown molding, baseboards, pot lights and new doors throughout. Two large bedrooms, walk-in closet and 2 FULL BATHROOMS. Second bedroom has large nook which can be converted back into a walk-in closet. Large tiled enclosed balcony (17′x6′) for year round enjoyment. Monthly maintenance fees include HEAT, HOT WATER and CITY UTILITIES. Recreation facilities with indoor and outdoor pool. Convenient location just steps from Seafair Shopping Centre and Hugh Boyd Secondary + 3 elementary schools (2 French Immersion) in walking distance.

Units in this building have been selling for right around assessment which in this case is $175K after dropping 25%…  They probably thought dropping the price $70K from the last time it was listed and possibly bought would be enough but they have no idea


#3 ) Address:# 302 5450 EMPIRE DR, Capitol Hill, Burnaby

July 27, 2012 V963885 $329,000 $0 0%
August 14, 2012 V963885 $299,000 $-30,000 -9%
August 25, 2012 V963885 $279,000 $-50,000 -15%
October 25, 2012 V963885 removed after 90 days
October 28, 2012 V978371 $249,000 $-80,000 -24%
February 15, 2013 V978371 removed after 110 days
February 17, 2013 V991337 $259,900 $-69,100 -21%
February 23, 2013 V991337 $249,900 $-79,100 -24%
April 10, 2013 V991337 removed after 52 days
April 24, 2013 V1002961 $249,900 $-79,100 -24%
October 11, 2013 V1002961 removed after 170 days
November 23, 2013 V1036959 $239,800 $-89,200 -27%
April 10, 2014 V1036959 $229,800 $-99,200 -30%

 

v1036959_1

Current Days on Market: 628 (1.72years)
Current ‘Official’ Days on Market: 144
2013 Assessment: $218,100
Desperation Score: 22.4

Convenient North Burnaby location in Capital Hill!! This lovely 2 bedroom, 2 bathroom, unit has a balcony that overlooks the garden. The great floor plan has the bedrooms separated for that extra privacy. The larger master bedroom has an ensuite bathroom and a good sized walk in closet. There is newer laminate flooring throughout, wooden kitchen cabinets and white appliances. You are steps away from transit, and close to restaurants, shopping and recreation. 1 parking, 1 storage locker, and shared laundry facilities.

30% drop over 1.7 years and still above assessment


#2 ) Address:# 211 6688 ROYAL AV, Horseshoe Bay, West Vancouver

July 16, 2008 V722535 $753,000 $0 0%
June 26, 2009 V722535 removed after 345 days
April 17, 2010 V823051 $595,000 $-158,000 -21%
November 01, 2010 V823051 removed after 198 days
July 13, 2011 V899328 $618,000 $-135,000 -18%
January 01, 2012 V899328 removed after 172 days
July 06, 2012 V960214 $598,000 $-155,000 -21%
January 01, 2013 V960214 $578,000 $-175,000 -23%
April 04, 2013 V960214 $548,000 $-205,000 -27%
July 02, 2013 V960214 removed after 361 days
July 13, 2013 V1017288 $518,000 $-235,000 -31%
August 22, 2013 V1017288 $498,800 $-254,200 -34%
December 28, 2013 V1017288 removed after 168 days
April 14, 2014 V1058179 $498,000 $-255,000 -34%

 

v1058179_1

Current Days on Market: 649 (1.78years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $486,000
Desperation Score: 17.7

SPACIOUS, BRIGHT and WELL-DESIGNED 1 bdrm unit with amazing mountain views with tranquility of beautiful Horseshoe Bay. High quality finishing throughout the unit and the building. Gourmet kitchen with cherry cabinets, siltstone counter tops, Viking appliances, limestone tiles, and hardwood floors. Radiant heat and A/C offered in this spotless unit. 1 parking and 1 storage. Currently tenanted until September for $1650/month.

Property tax and Maintenance Fees are $470 a month so assuming 100% occupancy, no repair / maintenance costs and no price drops this would return about 2.5% / year.  Realistically the long term return on this place is negative plus hefty transactional costs (commission / PTT / etc) to buy and sell the place for much less than they paid for it.  


#1 ) Address:# 327 9101 HORNE ST, Government Road, Burnaby

July 20, 2007 V659939 $368,800 $0 0%
August 03, 2007 V659939 $349,900 $-18,900 -5%
September 01, 2007 V659939 $330,000 $-38,800 -11%
September 21, 2007 V659939 removed after 63 days
January 31, 2014 V1044334 $258,900 $-109,900 -30%
March 06, 2014 V1044334 $247,900 $-120,900 -33%
April 14, 2014 V1044334 $235,000 $-133,800 -36%

 

v1044334_1

Current Days on Market: 75 (0.21years)
Current ‘Official’ Days on Market: 75
2013 Assessment: $219,300
Desperation Score: 24.7

WOODSTONE PLACE. this bright top-floor, 2 bedroom & 2 bath unit has vaulted post & beam ceiling, Plank laminate flooring throughout, as well as newer designer floor tiles. Newer custom maple kitchen cabinets, newer tile backsplash, undermount lighting, updated lighting throughout w/dimmers, newer modern appliances just to name a few! Other features include a Breakfast nook, attic storage, private patio, pantry, 2 generous sized bedrooms w/ large windows, 2 full bathrooms sporting marble tile floors & wainscoting, soaker tub w/accenting ceramic basin on a granite finish and the other has pedestal sink & shower. Kids & Pets welcome. Walk to transit, shopping, banks & churches. Close to hwys, come see this one before it’s gone!

36% lower than 2007 asking prices and still above assessment

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