Vancouver Price Drop

Documenting Vancouver real estate price movements

Tri-Cities Spotlight – June 21, 2012

It has been about a month since the last regional spotlight series and given today is the day the 30 year mortgage elimination was announced I figure it is a good time to take a snapshot of the ten homes that have dropped their listing price by the largest percentage since March.  Here are the top 10 price drops (since March) among active listings for Coquitlam, Port Coquitlam and Port Moody.  This month the minimum drop to make the list was 17% up from 13% last month.


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%
June 20 V908692 $660,000 $-230,000 -26%

Assessment: $775,200

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.


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 Value

Wow! Very rare one plus acre waterfront lot in Balcarra’s Cosy 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.


Address:# 301 2036 COQUITLAM AV, Glenwood, Port Coquitlam

March 09 V936084 $129,900 $0 0%
April 19 V936084 $119,900 $-10,000 -8%
May 08 V936084 $114,900 $-15,000 -12%
June 07 V936084 $104,900 $-25,000 -19%

Assessment: $134,000

Court order sale, walk up, two bedroom suite, laminate floors, top floor, good size deck, mountain view only 12 suites in the complex, close to shopping and schools at this price why rent call today to view.


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%
June 06 V917871 $1,935,000 $-415,000 -18%

Assessment: $920,000 (Assessed value only reflects actual not potential use)

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.


Address:1052 HERON WY, Anmore, Port Moody

March 09 V925609 $2,999,000 $0 0%
April 27 V925609 $2,688,000 $-311,000 -10%
Open House: May 20, 27
Open House: Jun 03, 10
June 21 V925609 $2,498,000 $-501,000 -17%

Assessment: $2,231,000

Welcome to nature’s piece of work! This home showcases all natural materials – from solid stained wood doors; extensive wood trim; hardwood floors; wood beams, to fossil stone in the kitchen and an open floor plan allowing you to appreciatethis masterpiece. Please call us for an information brochure detailing the extensive list of finishing in this beautiful home. OPEN HOUSE: Sunday June 10th 2-4pm


Address:1056 HERON WY, Anmore, Port Moody

March 09 V925657 $2,999,000 $0 0%
April 27 V925657 $2,688,000 $-311,000 -10%
Open House: May 20, 27
Open House: Jun 03, 10
June 21 V925657 $2,498,000 $-501,000 -17%

Assessment: $2,215,000

Amazing French Country style home offering only the best! From the imported wrought iron and glass used to create the beautiful front door; the wood clad windows; marble floors and custom mill work to the top of the line stainless steel Viking appliances, you will appreciate the details you have come to expect from this level of home. Please call us for an information brochure detailing the extensive list of finishing in this beautiful home. OPEN HOUSE: Sunday June 10th 2-4pm


Address:1370 PINETREE WY, Westwood Plateau, Coquitlam

March 09 V926604 $1,088,000 $0 0%
May 17 V926604 $1,029,000 $-59,000 -5%
Open House: May 26, 27
Open House: Jun 02
June 14 V926604 removed
June 20 V957443 $899,000 $-189,000 -17%

Assessment: $473,000 (Building Unfinished at time of Assessment)

No Picture

Brand new custom home on Prestige Westwood Plateau. City view from most of the rooms. Practical floor plan with quality construction. Hardwood flooring, granite counters, big picture view windows, covered decks. Main chef kitchen w/ expensive granite countertop, stainless steel appliances plus a Wok kitchen. 4 huge bedrooms upstairs with walk-in closets & wooden organizer. Fully finished basement with separate entrance, lots of windows, huge rec room, games room, bedroom & 2 bathrooms. Fenced yard with cedars & paving stones driveway. Walking distance to Pinetree Elementary and Secondary Schools, Douglas College, community centre. Close to Lafarge Lake and the future Evergreen line skytrain station.


Address:1029 PALERMO ST, Chineside, Coquitlam

March 09 V935438 $669,900 $0 0%
April 17 V935438 $599,900 $-70,000 -10%
June 19 V935438 $558,000 $-111,900 -17%

Assessment: $614,200

Fabulous chineside location Minutes to schools, recreation, transportation and an easy commute to downtown Vancouver! Freshly painted interrior with hardwood floors and wainscotting on the main level. Skylight in kitchen Newer windows too! Fantastic covered and entertainment sized deck ( 375 square feet!) with lovely views of North Shore mountains! Great peacefuil and tranquil location on quiet street with little traffic. The back yard is a miniature Stanley Park! Bonus………….. basement is ‘suiteable” if a mortgage helper is needed ! Available immediately.


Address:2961 COMO LAKE AV, Meadow Brook, Coquitlam

March 09 V932025 $469,888 $0 0%
May 16 V932025 removed
May 19 V951332 $419,800 $-50,088 -11%
June 06 V951332 $389,888 $-80,000 -17%

Assessment: $414,000

HOT PRICE! Investor or First Time Buyer alert! Solid, livable home on a huge 60 ft x 150 ft lot. Brand new fridge, washer & dryer. Some $20,000 in renovations since 2010 include: new laminate, new ceiling, new walls, new double size hot water tank. There is also a small detached building (currently being used as a gym) that includes sauna/3 piece bathroom. Live, Rent or Build. Lots of potential. Schools, bus routes & shopping close by. Will not last this price.


Address:# 707 575 DELESTRE AV, Coquitlam West, Coquitlam

March 09 V907198 $299,800 $0 0%
March 24 V907198 $284,800 $-15,000 -5%
June 01 V907198 removed
June 09 V955628 $249,800 $-50,000 -17%

Assessment: $205,500

Spacious one bedroom unit in the “CORA” high rise. Location is prime within walking distance to Lougheed Mall and the skytrain service and close to SFU. Beautiful concrete building with rec facilities, outdoor gardens and secure under ground parking. Unit features floor to ceiling windows, granite counters and so much more.

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