Vancouver Price Drop

Documenting Vancouver real estate price movements

Tri-Cities Spotlight – May 25, 2012

Here are the top 10 price drops (since March) among active listings for Coquitlam, Port Coquitlam and Port Moody

#1) Address:# LOT 1 COSY COVE, Belcarra, Port Moody

March 09 V903884 $390,000 $0 0%
May 02 V903884 removed
May 25 V952163 $299,900 $-90,100 -23%

Assessment: No Assessment Available

Wow! Very rare one plus acre waterfront lot in Balcarra’s Cozy Cove, a development of 10 nature lots. Great western exposure with lots of sunshine and trees. Water access only with possible dock share, but you can hike in on the Jug Island trail – only 20-30 minutes. Great place for an almost in the city wilderness cottage. Not often can you find secluded local waterfront for under $300K.

#2) Address:4100 CEDAR DR, Burke Mountain, Coquitlam

March 09 V908692 $890,000 $0 0%
March 31 V908692 $775,000 $-115,000 -13%
May 12 V908692 $699,000 $-191,000 -21%

Assessment: $775,300

Fully Licenced Dog & Cat Boarding Accommodation. 40 Large Dog runs with attached Bedrooms, 21 Single & 6 Double Cat Condos. Grooming Salon with Raised Bathtub. Kennel Building is 12 years new, built to earthquake standards. Owner retiring due to Health Concerns. Land has Future Development Potential. Existing House is unoccupied but Structurally Sound. Land Surrounding this Parcel has begun the process of being removed from ALR. Please call for more info.

#3) Address:3254 MAYNE CR, New Horizons, Coquitlam

March 15 V937366 $599,900 $0 0%
March 30 V937366 $589,900 $-10,000 -2%
May 01 V937366 $579,900 $-20,000 -3%
May 07 V937366 removed
May 10 V949213 $500,000 $-99,900 -17%
Open House: May 19

Assessment: $515,000

Best feature home in New Horizons, double garage, spacious layout 2 level home, 2 bedrooms bright basement suite, 4 pce ensuite for master bedroom, new roof, new windows, laminated floor on main, clean & mint condition, nice flat backyard, quiet street yet easy walk to bus stop. Don’t miss your opportunity to bid this home. OPEN 2-4pm May 19, 2012.

#4) Address:1350 COAST MERIDIAN RD, Burke Mountain, Coquitlam

March 09 V917871 $2,350,000 $0 0%
April 26 V917871 $1,975,000 $-375,000 -16%

Assessment: $920,000 (Assessed value only reflects actual not potential use, Assessment Act, s. 19(8))

Mountain fresh air! Dream home for family on spacious 1.1 acre landscaped property. Future with 8 lots or hold for longer term townhome possibilities. Home was custom re-built, Architect designed and supervised. Perfect for extended family. Quality throughout. Great room includes hardwood floors, radiant heating, stainless steel appliances in kitchen with granite counters. Spacious master bedroom with luxurious ensuite. Gated front entrance, private beautifully landscapedyard with back boundry a natural creek. A 2 bedroom separate entrance suite. This is a gem to hold on to as a secure investment and luxurious private lifestyle.

#5) Address:640 ROCHESTER AV, Coquitlam West, Coquitlam

March 14 V936987 $1,538,900 $0 0%
May 03 V936987 $1,298,000 $-240,900 -16%
Open House: May 20

Assessment:  $1,118,000

Excellent Value! Builder’s own custom built home has had no expense spared. 3 luxurious levels offering 6 huge bedrooms, 7 bathrooms, 2 legal suites plus a separate accomodation for the nanny or extended family. Radiant in floor heating, 4 bay heated garage, 2-200 amp panels, river view, in one of West Coquitlam’s finest neighbourhoods. Near SFU, Burnaby border, Vancouver golf course and skytrain, this home is centrally located. This beautiful, executive home is immaculate and most definitely worth a look. CHECK OUT OUR VIRTUAL TOUR AND FLOOR PLANS FOR THIS HOME.

#6) Address:258 MONTGOMERY ST, Central Coquitlam, Coquitlam

March 10 V936392 $1,280,000 $0 0%
April 26 V936392 $1,199,000 $-81,000 -6%
May 10 V936392 $1,100,000 $-180,000 -14%
Open House: May 27

Assessment: $934,000

Large new home with great view of the Fraser River, 4 level home with plenty of room for the extended family, main floor features wok kitchen, main kitchen with center island, granite counter tops, under mounted sinks, crown moldings, two master bedrooms up, family room with gas fireplace, 9 foot ceiling, radiant heat patios, appliance package and landscape, lots of extras in this home. 2 bdrm legal suite with in-suite laundry & granite countertops. New Home Warranty, HST NOT included.

#7) Address:# 323 2980 PRINCESS CR, Canyon Springs, Coquitlam

March 09 V929805 $289,000 $0 0%
March 15 V929805 $279,000 $-10,000 -3%
May 02 V929805 $249,000 $-40,000 -14%

Assessment: $279,000

Conveniently located, functional floor planned unit at the Montclaire by Polygon. This east facing unit has 2 good sized bedroom, a large kitchen and living room space. Facing the quiet side of the building away from Guildford. Bright unit with spacious layout and a covered balcony. Close to all the shoppings of Coquitlam Center Mall, Schools, City hall, library and the community center.

#8) Address:336 MARMONT ST, Maillardville, Coquitlam

March 09 V931755 $1,568,000 $0 0%
March 26 V931755 removed
March 28 V939620 $1,488,000 $-80,000 -5%
May 14 V939620 removed
May 16 V950377 $1,368,000 $-200,000 -13%
Open House: May 19, 20, 27

Assessment: $1,321,000

INCREDIBLE custom built spacious 3 level Victorian style home with million dollar views. Extreme attention to detail including large open concept gourmet style kitchen with islands, elite high end S/S appliances, imported granite counter tops over 800 SF of covered deck. Made to measure California shutters throughout, high grade wood floors, custom built cabinet wall units & much, much more. Home also includes separate nanny quarters & one legal 2 bedroom suite with own entrance. Balance of New Home Warranty included, NO HST. PUBLIC OPEN HOUSE THIS SUN MAY 27 FROM 2-4PM.

#9) Address:918 CHARLAND AV, Coquitlam West, Coquitlam

March 09 V934552 $1,599,000 $0 0%
March 29 V934552 $1,499,000 $-100,000 -6%
April 24 V934552 removed
April 27 V945850 $1,399,000 $-200,000 -13%
Open House: May 19, 20

Assessment: $968,000 (Building Unfinished at time of Assessment)

“Unique – One of a Kind” – Terrific home for large or extended family. Rare opportunity to have space and time to customize the two basement suites – Extensively renovated and addition done in 2007 & 2008. Features: Lane access, lots of parking, wok kitchen, hardwood, W/D up and on main. Two main baths , two ensuites, two stairways to upstairs. You have to see this to appreciate the work done. Just move in and lots of parking. Located on a non-through street across from “Vancouver Golf Club”.

#10) Address:# 107 2055 SUFFOLK AV, Glenwood, Port Coquitlam

March 09 V935230 $148,900 $0 0%
March 28 V935230 $139,900 $-9,000 -6%
April 19 V935230 $129,900 $-19,000 -13%

Assessment: $110,000

Central location – Ground level 1 bedroom that has been updated with laminate flooring and tiled entrance. Kitchen has stainless counters. Newer vanity and tile in bathroom. Open layout with large master, private south facing patio. Walk toshopping, transit and recreation. Short distance to West Coast Express and golf course.


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