Vancouver Price Drop

Documenting Vancouver real estate price movements

West Vancouver Spotlight – May 24, 2012

Here are the 10 currently listed properties in West Vancouver that have dropped by the most amount since early March.  Not nearly as bad as Vancouver West in terms of percentages but there can’t be too many places in the world where multiple properties are dropping by $3 million and still not selling…  Also, look at the original prices vs the assessment and you’ll see some highly delusional sellers.

#1) Address:1526 CHARTWELL DR, Chartwell, West Vancouver

April 27 V945860 $3,890,000 $0 0%
May 23 V945860 $2,800,000 $-1,090,000 -28%
Open House: May 26, May 27

Originally bumped up the price $1.7 million and almost 80% over what they paid a year ago and probably can’t understand why it didn’t sell.  That, and the realtor can’t even be bothered to write a description, get the dates of the open house right or use proper grammar on the very few words that were chosen…  I for one hope that these people stay greedy long enough to ensure that they take on some big losses

Assessment: $2,388,000 and sold Feb 7, 2011 for $2,188,000

showing May 25 ,May 26 1:30PM-4:00 PM offer start Monday

#2) Address:5347 KEW CLIFF RD, Caulfeild, West Vancouver

March 09 V906191 $12,980,000 $0 0%
April 11 V906191 $9,980,000 $-3,000,000 -23%

Assessment: $8,286,000

A magnificent waterfront residence by Goldwood Homes on one of the most desirable streets in the heart of Caulfeild. This wonderful modern classic home offers a dramatic open floor plan with over 5300 sq ft of luxurious family living and approx 3000 sq ft patios and sundecks with spectacular views to Bowen Island. This 3 level 4 bedroom home also features a curved staircase, wine cellar, modern yet functional kitchen, extensive millwork & 18 ft floor to ceiling height in the living rm & French doors leading onto spacious walkout patios with wonderful outdoor swimming pool & jacuzzi. Owner spent millions of dollars on numerous upgrades including new flooring and a paved trail walking right onto the beach and water!

#3) Address:2922 PARK LN, Altamont, West Vancouver

March 09 V911708 $12,800,000 $0 0%
March 22 V911708 removed
May 10 V949010 $9,980,000 $-2,820,000 -22%

Assessment: $4,863,000

WATERFRONT VILLA situated on a private bluff with panoramic water views. Offering three spacious floors, all with direct water views, and a wonderful open floor plan providing access to outside terraces, manicured gardens and your own private beachside oasis..featuring five generous Bedrooms incl. a large top floor Master suite and stunning Bathroom. A full Gourmet Kitchen, entertainment size Dining & Living room. Music Room and Family room. On the lower garden level an Office and Exercise Gym easily convert into 4th & 5th Bedrooms and a fully equipped Media/Games room.

#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
Open House: May 27

Assessment: $2,279,000

Amazing 58,806 sq ft. (1.35 acre) view property with totally private gated entry leading down a one of a kind 400 foot driveway to a completely private rock bluff setting overlooking stunning views from Lions Gate Bridge to Vancouver Island. The home boasts nearly 6000 sq. ft. with vaulted ceilings, sundrenched patios, fantastic kitchen, slate floors, incredible master bedroom with holiday style ensuite and his and her walk-in closets. Other features include: 3 car garage (with 5 covered spots) and an indoor pool. Located near Caulfeild shopping center, Rockridge High School, Caulfeild Elementary School, parks, fantastic mountain biking & walking trails!

#5) Address:815 ANDOVER CR, British Properties, West Vancouver

April 09 V942024 $2,798,000 $0 0%
April 24 V942024 $2,498,000 $-300,000 -11%
May 07 V942024 removed
May 11 V949361 $2,198,000 $-600,000 -21%

Assessment: $1,589,000

Amazing opportunity to acquire this almost 17,000 sq ft of view property in a prime British Properties location. Outstanding views of City & ocean from almost every essential room. Over 3,200 sq ft of lovely family home has 3 large bedrooms, 3 bathrooms, spacious & bright high ceiling living/dining opening on to a large south facing balcony to enjoy the views and an updated kitchen up & a large family/recreation room, huge nanny/guest room & 2 bathrooms on the lower level. Close to Hollyburn Country Club, Capilano Golf Club & best schools in town. Do not miss this rare opportunity to own this highly sought after property.

#6) Address:2818 BELLEVUE AV, Altamont, West Vancouver

March 09 V919914 $14,990,000 $0 0%
March 17 V919914 $13,990,000 $-1,000,000 -7%
May 05 V919914 $11,990,000 $-3,000,000 -20%

Assessment: $9,094,000

Double gates lead to a compl priv World Class W/F estate! Luxurious & sophisticated Contemp res designed by Brad Lamoureux. Beautifully crafted stone F/P, rich walnut flrs, custom millwrk, lg picture windows, designer art lighting & full bar – all opening out to sensational covered veranda w/O/D firepit & BBQ. Breathtaking ocean views. Priv office, gorgeous Chef’s kit, granite counters, ocean view brkfst nook, FR, media rm. Up feat exquisite master bdrm, ocean-facing lanai, spa-like ensuite, custom W/I closet & 3 suites. Down has gym, infra-red sauna, steam shower, large rec area w/media centre, games rm w/wet bar, 2 guest suites & wine rm. Lutron lighting system & security. 3-car garage, oceanside pool, & spa. Stunning!

#7) Address:5358 KEW CLIFF RD, Caulfeild, West Vancouver

March 09 V922782 $4,870,000 $0 0%
March 13 V922782 $4,380,000 $-490,000 -10%
April 03 V922782 $3,990,000 $-880,000 -18%

Assessment: $2,437,000

Beautiful and Spectacular luxurious custom built home located on Kew Cliff Drive. Thi sis one of West Vancouver’s most sought after semi-waterfront homes located on quiet seaside neighbourhood. This fine home features unobstructed, magnificent views of Bowen Island, Passage Island and the Howe Sound. This highest quality custom biult, 6,000 square foot home is located on 3 levels, with 5 bedrooms, gourmet kitchen and is an entertainers delight. All 4 bedrooms have spectacular ocean views and amazing sunsets. Don’t miss this amazing opportunity to own this very fine home! Open House Saturday 2-4.

#8) Address:385 RABBIT LN, British Properties, West Vancouver

March 12 V936611 $3,800,000 $0 0%
March 21 V936611 $3,395,000 $-405,000 -11%
May 02 V936611 $3,100,000 $-700,000 -18%

Assessment: $1,990,000

‘ENGLISH COUNTRY ESTATE’ ideally located in the lower ‘British Properties’ on a 1/2 acre fully level property – beautiful garden and grounds with complete privacy. This 5200 sq ft Tudor designed home has been completely updated with all the quality you’d expect in a home of this caliber. Features: Grand Entry, Hardwood Floors throughout, Country kitchen w/ ‘Viking’ appliances. Huge main floor rec room/billiards room. All bedrooms with ensuite bathrooms. Resort like Master ensuite. Separate guest/nannies accommodation. ‘Guys’ garage with a built-in ‘Sub-Zero’ fridge, etc, etc,…Truly a home of distinction within close proximity to Collingwood School.

#9) Address:5540 PARTHENON PL, Eagle Harbour, West Vancouver

March 09 V930920 $2,998,000 $0 0%
April 04 V930920 $2,750,000 $-248,000 -8%
May 02 V930920 $2,498,000 $-500,000 -17%

Assessment: $1,836,000

Enjoy stunning views from this semi-waterfront 4 bedroom family home! This West Coast contemporary home features over 4,000 sq ft of spacious living area on 3 levels, walls of windows and balconies across each floor. Become an exclusive member of ‘P.P.O.A.’ and be a ‘participant owner’ of approximately 1/2 hectare of incredible waterfront property, in addition to this property. This is the only lot of the 15-lot subdivision that touches the private waterfront retreat. Access the property by a private roadway shared with only one neighbour. A great location close to many amenities, the Horseshore Bay ferries and minutes to Eagle Harbour Elementary and Rockridge Secondary!

#10) Address:# 1902 2203 BELLEVUE AV, Dundarave, West Vancouver

March 09 V915341 $1,990,000 $0 0%
March 29 V915341 $1,700,000 $-290,000 -15%
Open House: May 19
Open House: May 26, May 27

Assessment: $1,468,000

Welcome to the exceptional Dundarave. Exclusive Bellevue Place. 270 degrees of ocean view from every room. South, South West, North, North West facing corner unit. Close to the West Vancouver Community Centre, library, seawalk. . Pets not allowed. Rentals not allowed. Upper floor – only 2 suites per floor. Lives like a Penthouse. Generous closet space. 3 Balconies.Rainscreened. Re-piped. Large storage. Open Saturday & Sunday 2-4


2 responses to “West Vancouver Spotlight – May 24, 2012

  1. Craig Sterling May 24, 2012 at 10:56 am

    … and when I grew up in the BPs in the 80s things were changing hands for $2-300,000!!! sic transiit gloria huius mundi!!!

  2. Chris May 24, 2012 at 8:34 pm

    You could probably get a real British property in the uk for cheaper. Guess the only thing is it rains less there

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: