Here are the 20 properties that dropped their price the previous week AND have dropped the largest percentage overall from their original asking price. 11 of the 15 properties with valid assessment information are now listed below assessment – we’ve never seen anything close to that so far in the Weekly Drop.
#1) Address:# 206 1477 FOUNTAIN WY, False Creek, Vancouver West
March 09 |
V924617 |
$568,000 |
$0 |
0% |
March 12 |
V924617 |
removed |
|
|
March 28 |
V939572 |
$498,000 |
$-70,000 |
-12% |
Open House: May 27 |
Open House: Jun 03, 10, 24 |
|
|
Open House: Jul 01 |
June 30 |
V939572 |
$320,000 |
$-248,000 |
-44% |
Assessment: $463,000
Amazing Value-best price in the Creek! Experience one of Vancouver’s choicest communities at Granville Island with all its shops, restaurants, theatres and galleries. This well finished 2 bedroom condo exploding with light, enjoys a sunny SE exposed fenced patio in a tranquil setting. It also acts as a second entrance. With close to 1400 sq ft that will take your household furniture, a vaulted living room with garden outlook, air conditioning for comfort and a rustic kitchen with nook and library, you’ll feel instantly at home! Pluses include custom ensuite, large walk in closet, storage locker and full security. Easy wheel chair access & larger doors in the condo ease access. Open House every Sunday 1 to 3!
#2) Address:# LT.B FERNDALE AV, Mission BC, Mission
Assessment: No Assessment
10.23 acres zoned for 4 acre lots. Partially treed. Great place to build your dream home with some future potential. Near Mission City hall on Ferndale. Changes in Fisheries setback reduced from 30 meters to 10 meters. Property is located West of 34711 Ferndale Ave.
#3) Address:# 413 33960 OLD YALE RD, Central Abbotsford, Abbotsford
March 09 |
F1127557 |
$169,900 |
$0 |
0% |
April 27 |
F1127557 |
removed |
|
|
April 28 |
F1210945 |
$129,000 |
$-40,900 |
-24% |
June 26 |
F1210945 |
$119,000 |
$-50,900 |
-30% |
Assessment: $133,300
Ideal for an investor or first time buyer. 1 bedroom and 1 bath condo with a Maple kitchen, laminate flooring, in-suite laundry. 2 underground parking stalls and 1 storage locker. Downtown Abbotsford location, walking distance to restaurants, pubs, grocery stores and more. No age or rental restrictions. Great investment!!
#4) Address:4611 WOODBURN RD, Cypress Park, West Vancouver
March 15 |
V937107 |
$3,388,000 |
$0 |
0% |
April 11 |
V937107 |
$3,188,000 |
$-200,000 |
-6% |
April 24 |
V937107 |
$2,888,000 |
$-500,000 |
-15% |
May 01 |
V937107 |
$2,688,000 |
$-700,000 |
-21% |
Open House: May 20, 27 |
|
Open House: Jun 03, 10, 24 |
|
|
June 29 |
V937107 |
removed |
|
|
July 02 |
V959849 |
$2,398,000 |
$-990,000 |
-29% |
Assessment: $2,279,000
This 58,806 sq.ft. (1.35 acre) property offers total privacy with awesome ocean views. The gated entrance leads to a private rock bluff setting overlooking the views from Lion’s Gate Bridge to Vancouver Island. This spacious 5615 sq. ft home offers 3 bedrooms, 3 bathrooms, vaulted ceilings, sun drenched decks and a master bedroom with spa like ensuite. Perfectly located near Caulfeild Village, Rockridge High School and Caulfeild Elementary. This home offers a 3 car garage and indoor swimming pool to complete the package.
#5) Address:# SL9 41488 BRENNAN RD, Squamish, Squamish
June 06 |
V954642 |
$599,900 |
$0 |
0% |
June 27 |
V954642 |
removed |
|
|
June 28 |
V948105 |
$449,900 |
$-150,000 |
-25% |
New development drops prices by 25% just 3 weeks after posting the listing…
Assessment: No Assessment
**Click on Multi-Media link to view additional information on Rivendale Development website** Where form meets function. Where modern ideas blend with nature. Where you can experience natural living. Offering two stunning West Coast Modern 1/2 duplex styles, Rivendale introduces thoughtfully designed layouts into an unsurpassed setting. Rivendale is an environmentally friendly development that embraces and respects the natural beauty throughout the surrounding area. Move in, unwind and experience natural living at its finest!
#6) Address:# 204 11671 FRASER ST, East Central, Maple Ridge
March 09 |
V895929 |
$124,900 |
$0 |
0% |
March 19 |
V895929 |
removed |
|
|
June 29 |
V959261 |
$94,300 |
$-30,600 |
-24% |
Assessment: $112,400
Priced to Sell!!! Perfect for a first time Buyer. Great 2 bedroom, 1 bath upper unit features a functional floor plan, and a covered deck off the Livingroom. Conveniently located w/ shopping and recreation close by. Close to West Coast Express.Pets are allowed with restrictions.Call today to view!
#7) Address:2656 W 41ST AV, Kerrisdale, Vancouver West
March 09 |
V935348 |
$2,488,000 |
$0 |
0% |
April 11 |
V935348 |
$2,388,000 |
$-100,000 |
-4% |
April 24 |
V935348 |
$2,260,000 |
$-228,000 |
-9% |
May 23 |
V935348 |
$1,998,000 |
$-490,000 |
-20% |
Open House: May 26, 27 |
|
May 28 |
V935348 |
removed |
|
|
May 31 |
V953373 |
$1,955,000 |
$-533,000 |
-21% |
Open House: Jun 02, 16 |
|
June 25 |
V953373 |
removed |
|
|
June 29 |
V959234 |
$1,880,000 |
$-608,000 |
-24% |
Open House: Jul 01 |
Assessment: $1,125,000 (Building Unfinished)
Brand new family home in the heart of KERRISDALE. 2-5-10 yr warranty. Extra deep 33×134 lot. Extremely quiet inside. Light, bright & airy; overheight ceilings w/skylites throughout. Top of line appliances: Viking, Miele, Bosch. Beautiful dream kitchen perfect for entertaining or great family moments. Floor to ceiling glass sliding doors off kitchen area brings the outdoors in. Meticulous attention to detail from designer tiles to restoration hardware touches. All upstairs bedrooms are ensuite. 2 bedroom basement can be suited w/own laundry. A must see at this spectacular value. Kerrisdale Elem & Pt Grey Sec catchment. Also close to best private schools: Crofton House, St George’s.
#8) Address:# 109 32025 TIMS AV, Abbotsford West, Abbotsford
Assessment: $104,800
Affordable, clean 2 bdrm condo, close to everything shopping, seniors center, medical, church and public transit, newer stove, fridge and laminate flooring, enclosed patio with 5 x 5 storage area plus locker downstairs, quiet side of the building, amenities include workshop, meeting room with kitchen and exercise area, strata fee includes heat, hot water and electricity, low taxes, 55+, no rentals and no pets, new roof coming assessment already paid for.
#9) Address:# 31 2998 MOUAT DR, Abbotsford West, Abbotsford
Assessment: $235,500
Nice home located in Brookside Terrace. Gated community, walking distance to schools and other amenities. 3 storey, 3 bedroom, 2 bathrooms. Please call to view and all measurements are approx, please verify if important. Home sold ‘as iswhere is’ Subject to Court Approval’
#10) Address:3529 MATHERS AV, Westmount, West Vancouver
March 09 |
V924752 |
$4,188,888 |
$0 |
0% |
April 12 |
V924752 |
removed |
|
|
April 21 |
V944692 |
$3,980,000 |
$-208,888 |
-5% |
May 26 |
V944692 |
$3,688,000 |
$-500,888 |
-12% |
June 29 |
V944692 |
$3,288,000 |
$-900,888 |
-22% |
Assessment: $3,412,000
A Sensational, almost new 5500 SQ FT, 5 bedroom, 8 bathroom home in sought after West Bay with good City and Ocean Views. Walk to Erwin Park Elementary School & the Beach. This luxury home features a large gourmet kitchen, large family room and elegant living and dining areas. The upper level features four bedroom suites including a lavish Master Suite with private patio overlooking the ocean. Enjoy a fully finished lower level with Games Room, Wine Room and Gym plus bedroom for nanny. Other features of this finely detailed home include beautiful hardwood floors, state-of-the art security system, hot tub, exercise room, wine cellar, triple garage, heated driveway. Best value in the Westmount/West Bay area…
#11) Address:3577 ROSEMARY HEIGHTS CR, Morgan Creek, White Rock
March 29 |
F1207805 |
$1,015,000 |
$0 |
0% |
April 13 |
F1207805 |
$998,000 |
$-17,000 |
-2% |
May 09 |
F1207805 |
$899,800 |
$-115,200 |
-11% |
May 28 |
F1207805 |
removed |
|
|
Open House: Jun 03 |
June 01 |
F1213906 |
$828,000 |
$-187,000 |
-18% |
Open House: Jun 03, 10, 16, 30 |
|
|
|
June 30 |
F1213906 |
$800,000 |
$-215,000 |
-21% |
Assessment: $808,000
Gorgeous 1 owner “Rose Monde” model by Foxridge Homes, located in the beautiful Rosemary Heights subdivision. This well appointed luxury home greets you w/soaring ceilings in a bright, open plan. Numerous upgrades includ. hardwood flooring & custom trim. Fabulous kitchen layout features maple cabinetry, granite countertops, all new stainless appliances, & breakfast nook. Relax in your inviting family room w/gas fireplace & half bath. Upstairs is a spacious Master with ensuite & wall-in closet, plus laundry, two more bedrooms and full bath. Finished basement w/separate entry has 4th bedroom with ensuite, storage, generous size game/media room.
#12) Address:# 226 8860 NO 1 RD, Boyd Park, Richmond
March 09 |
V922618 |
$289,000 |
$0 |
0% |
April 02 |
V922618 |
removed |
|
|
June 28 |
V958918 |
$228,000 |
$-61,000 |
-21% |
Assessment: $257,800
Best priced unit at Apple Greene. Private South facing corner unit overlooking the courtyard.1134SF+104sf balcony,3 beds,2 baths. Spacious kitchen with eating nook. Well managed complex with clubhouse, guest suite and swimming pool.Walk to Seafair Shopping Centre and public transit. Maintenance includes hot water and heat.
#13) Address:4361 CARSON ST, South Slope, Burnaby
March 29 |
V939742 |
$1,699,000 |
$0 |
0% |
May 23 |
V939742 |
$1,499,000 |
$-200,000 |
-12% |
June 28 |
V939742 |
removed |
|
|
July 02 |
V959872 |
$1,348,888 |
$-350,112 |
-21% |
Assessment: $832,200 (Building Unfinished)
Custom built home located in prime area of south Burnaby. Quiet neighbourhood close to schools & transportation. 3 minutes drive to Metrotown facing south higher side of park. 7 bedrooms, 6 baths, large master bedroom with ensuite. Option for 2 suites downstairs. glazed stained maple kitchen with granite counter tops air condition HRV, Stucco, tile foof, china kitchen. Double car garage, lots of parking at front. Ready to move. All measurements are approximate. Casll LS for more info. Buyer ot verify.
#14) Address:21353 40TH AV, Brookswood, Langley
March 30 |
F1207888 |
$2,250,000 |
$0 |
0% |
June 13 |
F1207888 |
$1,988,800 |
$-261,200 |
-12% |
June 29 |
F1207888 |
$1,788,000 |
$-462,000 |
-21% |
Assessment: $975,000
SPECTACULAR Resort Style Oasis on totally private, gated & fenced 1.28 acres on one of Langley’s finest streets. Approx 1.2 mil spent in last 2 yrs in renovations, 60×40 pool house & landscaping. Stunning Tudor style castle, 2 levels. Heated 42×21 RV garage/workshop with 10’6 door, pool house with Nano wall windows, 40×15 swim jet fresh water pool, sauna, hottub, change rms & bath rm. Expansive patios, beautiful manicured lawns & gardens, feature pond with waterfall +++. Formal living & dining rms, gourmet custom maple kitchen with large granite island & high end appliances. LUXURIOUS master suite with sitting area, walk-in closet, balcony & magnificent ensuite with oversize shower, jetted tub and double sinks. Family rm, games rm, rec rm & a nanny suite over the garage with a private entrance. Too many extras to list.
#15) Address:# 208 141 W 13TH ST, Central Lonsdale, North Vancouver
March 14 |
V937066 |
$399,900 |
$0 |
0% |
March 22 |
V937066 |
$389,000 |
$-10,900 |
-3% |
April 20 |
V937066 |
$378,000 |
$-21,900 |
-5% |
April 25 |
V937066 |
removed |
|
|
May 15 |
V946035 |
$363,000 |
$-36,900 |
-9% |
May 29 |
V946035 |
$348,000 |
$-51,900 |
-13% |
Open House: Jun 03 |
June 15 |
V946035 |
$331,000 |
$-68,900 |
-17% |
June 28 |
V946035 |
$318,000 |
$-81,900 |
-20% |
Assessment: $427,000
X-tra large 2 bedroom/1.5 baths (1173 sq/ft) South West VIEW corner suite. Outstanding features: sunken living room, terrace dining room, fireplace, 2 balconies, huge master bedroom with ensuite,insuite laundry, insuite storage, wing to wing bedrooms & more. Fantastic 13th & Lonsdale location.
#16) Address:4891 NEVILLE ST, South Slope, Burnaby
March 09 |
V932526 |
$2,188,000 |
$0 |
0% |
April 09 |
V932526 |
$1,939,000 |
$-249,000 |
-11% |
June 28 |
V932526 |
removed |
|
|
June 30 |
V959499 |
$1,749,000 |
$-439,000 |
-20% |
Assessment: $1,561,000
Immaculate engineered home, south facing front door surround by wrapped around veranda. Near Gray Creek Raving Park. About 15 minutes walk distance to skytrain and Metrotown and high school. Convenient location on 66×132 large lot. One block from Nelson Elementary. 4,736 sq ft 1st class deluxe material, workmanship and finishing throughout, plenty of granites and wood trims, mouldings. Custom designed gourmet kitchen and cobble ceiling to elegant dining room. High ceiling foyer with expensive chandelier. Upstairs rooms with ensuites. View of Richmond and Fraser River. 3 car garage plus open parkings with back lane access. Must see to appreciate. All measurements are approximate, Buyer to verify if required.
#17) Address:3346 W 10TH AV, Kitsilano, Vancouver West
June 07 |
V954908 |
$1,850,000 |
$0 |
0% |
Open House: Jun 09, 17, 23 |
|
|
June 26 |
V954908 |
removed |
|
|
June 29 |
V959294 |
$1,488,000 |
$-362,000 |
-20% |
Open House: Jul 07 |
Assessment: $1,512,400
Phenomenal Kitsilano 50 ft Character Home. Very well maintained and looked after. Same owner for more than 30 years. Great property to live in and mortgage helper. 4 units in the house. Main floor has 2 bedrooms. Upstairs – 1 bed, Basement – 2/1 bed units. This property could generate an income of more than $5,500 per month. New roof in 2010. Great location, with the beaches, parks and The Shops on Broadway, plus easy Access to UBC and downtown. Don’t miss this opportunity, come check it out. Showings are Wed/Sat 2-4pm with 24 hr notice. Don’t miss on it. Come Check it out.
#18) Address:16211 SUNSHINE COAST HY, Pender Harbour, Sunshine Coast
March 09 |
V923708 |
$2,475,000 |
$0 |
0% |
March 24 |
V923708 |
$2,290,000 |
$-185,000 |
-7% |
June 27 |
V923708 |
$1,999,000 |
$-476,000 |
-19% |
Assessment: No Assessment Available
Rare and spectacular Ruby Lake, Sunshine Coast, 4.11 acres with 329′ of lake frontage. Improvements include a 7,178 sq ft unfinished three level Artisan log home and a finished 1500 sq ft four car garage Carriage house with a fully finished two bedroom self contained suite. The property has road access with due West exposure and dock, many services are in including a 600 amp service, heating systems, septic systems, most of the drywall in main home is up. Separate mechanical building, unfinished pool and too many features complete this package. Contact LS for addintional details. Buyer to verify all measurements.
#19) Address:7031 MCCALLAN RD, Quilchena, Richmond
March 09 |
V930282 |
$1,638,000 |
$0 |
0% |
April 05 |
V930282 |
$1,490,000 |
$-148,000 |
-9% |
June 29 |
V930282 |
$1,329,000 |
$-309,000 |
-19% |
Assessment: $1,428,000
Absolutely gorgeous! Better then new well built mansion with all bell & whistles. 3510 sf 5 bed, 6 bath, 4 en suite, 3 car garage, grand & luxury home on 7871 sf lot in the most prestige sought ofter quilchena subdivision. Walk to dyke, quilchen golf & country club, transit, green park, community centre, renowned thompson elementary, burnette secondary. Must see to appreciate. Well priced! see realtors wed site for pictures and virtual tour.
#20) Address:1537 E 5TH AV, Grandview, Vancouver East
March 09 |
V923259 |
$895,000 |
$0 |
0% |
April 08 |
V923259 |
removed |
|
|
April 12 |
V942434 |
$793,000 |
$-102,000 |
-11% |
June 07 |
V942434 |
removed |
|
|
June 09 |
V955548 |
$789,000 |
$-106,000 |
-12% |
June 15 |
V955548 |
$759,000 |
$-136,000 |
-15% |
June 30 |
V955548 |
$729,000 |
$-166,000 |
-19% |
Assessment: $686,000
25×122 / 3050sq.ft. lot just half a block to Commerical Drive on 5th Ave. Fantastic location. Duplex property with RM-4 zoning. For sale by court order. All measurements are approx. Buyer to verify. Property sold as-is where-is. Restore the duplex home (circa 1912) or build new. Vibrant community. Easy transit connect to UBC, downtown. Call to discuss your new home opportunities!
I just wanted to take this opportunity to thank Eximus reality for so prominently inserting themselves into our Canada Day Parade in Abbotsford.
you mean this guy?
http://www.canada.com/abbotsfordtimes/news/story.html?id=67a4383c-2900-477c-82c8-d7ade27dd476
Yes LOL! That list is like the who’s who of Frasier Valley agents. I wonder what Mindy did besides all her obnoxious billboards.
I think another noteworthy statistic within the statistics is that the majority of these listings are pre-March 9 when Weekly drop first started monitoring price changes. Probably the asking price for many of these listings were too high to begin with, but thanks the the sellers greedy and unrealistic expectations their properties have gone unsold for (at least) four months. Priced realistically they might have sold for 80-90% of their original asking price. Now they are just chasing the downward price trend, and may still be behind the price curve.
Yes, I agree. A lot of these listings would have sold for above the current listed price had they priced them reasonably in the first place
Agreed, just greedy really
#20 is very interesting. Love the blue tarp curb appeal.
we just sold my Mom’s place far above asking price – we deliberately under priced it to create some interest. Wonder how many other people are doing the same- which is going to skew some of this information. I also wonder how many folks out there are totally delusional about what their homes are worth and thinking they are going to cash in.
Wish someone would/could be tracking the actual sales/assessment data.
In spite of our personal successful sale, there is no doubt in my mind that things are getting very soft.
At this point most of these price drops are delusional expectations from the sellers. I think further down the road you will see real loss of value – there is some of that happening already, primarily with condo’s outside of the lower mainland.
Unfortunately there is a ton of missing and partial information in the real estate space so impossible to get a true picture but these price drops along with the recycle and overall price drop rates for regions help fill in the picture a little bit
Lucky lucky ladies! I’d hate to be trying to sell in this market
Has anyone been able to find out whether #1 was “sold very quickly or was pulled”?
I was listed at $320,000 today. It takes a couple of days before it goes on MLS. (FYI, it is a leasehold)
Yes it is back on now – it was on the MLS as of Sunday but then missing Monday and back on today.
Thanks for the info. The assessed price is $463k.. does it incorporate the fact that it’s a leasehold? I tend to think so because another bigger and very close-by listing (V949108) is being listed for $639k. If that’s the case, then $320k is arguably a bargain for the present time.
Hi,
This might be out of context a little bit. But I would like to know where to get this type of data.
This is a great website. Very useful especially for those frustrated mid twenties guys who are trying to establish themselves and are frustrated about real estate prices.
Thanks for the great work
These are all in the area that I’m watching: Killarney and Fraserview, East Vancouver
6550 GLADSTONE ST VANCOUVER. Go from 2090000 to now 1790000 -15%
Assessed 1690000
5963 TODERICK ST VANCOUVER. Dropped from 1990000 to now 1576000 -21%
Assessed 1662000
7768 VICTORIA DR Vancouver. Lastly, this one from 1880000 to now 1690000 -11%
Assessed 1279000 (probably for old property)