Vancouver Price Drop

Documenting Vancouver real estate price movements

Vancouver West 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.  To crack into the Vancouver West top 10 the property needs a 20% drop, same as last month.  4 of the top 10 are new homes built within the past year.

Address:# 2601 1499 W PENDER ST, Coal Harbour, Vancouver West

March 09 V918446 $2,680,000 $0 0%
April 17 V918446 $1,900,000 $-780,000 -29%

Assessment: $2,289,000

Exceptional value in Coal Harbour’s latest address – West Pender Place – eptimone of style & urban vibrancy. This exquisite 2 & Den designed by Alda Pereira is fitted out with Dada kitchen systems and Gaggeneau/Subzero appliances. Fluid floor plan with large living areas, spacious den, 2.5 baths, floor to ceiling windows, and stunning views of Northshore Mountains, Marina, and City lights. Only two homes per floor. Wide plank hardwood flooring throughout, exceptional finishings and attention to detail. Air conditioning, storage & bicycle locker, two parking included. World class amenities including 24 hour concierge, guest suite and indoor pool. 2-5-10 year warranty. Act now as this suite won’t last.

Address:4890 HUDSON ST, Shaughnessy, Vancouver West

March 09 V934320 $3,468,000 $0 0%
March 20 V934320 removed
March 22 V938470 $3,298,000 $-170,000 -5%
April 17 V938470 removed
April 19 V944324 $2,998,000 $-470,000 -14%
Open House: May 20
May 18 V944324 $2,798,000 $-670,000 -19%
Open House: May 27
Open House: Jun 03
June 01 V944324 $2,599,000 $-869,000 -25%
Open House: Jun 10, 16, 24

Assessment: $2,394,000

AMAZING NEW PRICE! Prized corner lot home (72′ x 66′ x 125′) on the highest point in Shaughnessy with mountain and city views. This character home oozes with wonderful heritage charm, plus has been extensively renovated throughout. Main flr: elegant living rm, cross hall dining rm, oversized great rm, updated gourmet kit with top of the line appls, eating area, mud rm/laundry rm-all exposed to a beautifully established 4-season garden. Upstairs: 5 generous sized bdrms! Kids’ wing has a 3pc & 2pc & Master has modern marble 3pc ensuite. Downstairs has many options: kids’ rec/media rm with a space for crafts/computer, yoga/exercise rm. wine cellar; or a revenue generating suite with sep entrance. Open House Sun, June 24, 3 – 5pm.

Address:4463 W 9TH AV, Point Grey, Vancouver West

March 09 V929736 $1,425,000 $0 0%
April 03 V929736 $1,388,000 $-37,000 -3%
April 24 V929736 $1,299,000 $-126,000 -9%
June 19 V929736 $1,098,000 $-327,000 -23%

Assessment: $1,266,000

Sasamat Gardens luxurious 2 bdrm & den or 3 bdrm custom designed townhome in extremely desirable Point Grey location. Lots of natural light & very open flr plan w/ 10′ ceilings & lovely formal dining rm w/a cozy fireplace. Many upgrades incl gourmet kitchen w/custom cabinetry & enormous island, beautiful built-in cabinets throughout. Possible “Murphy Bed” in 3rd bdrm, or use as den/office. High quality flooring & skylights plus a partial views to the north and a south facing front yard.Super convenient access to underground parking & tons of storage for those moving from a larger home. Fantastic location mins to shopping,beaches,university & quick & convenient access to downtown.

Address:4255 HIGHBURY ST, Dunbar, Vancouver West

March 09 V931539 $3,888,888 $0 0%
March 23 V931539 removed
March 26 V939234 $3,388,000 $-500,888 -13%
May 16 V939234 $2,988,000 $-900,888 -23%

Assessment: $2,437,000

Lovely Westside family home on a quiet street in sought after Dunbar neighborhood. Close to Crofton & St George’s Private school, Pt Grey HS & UBC. Walking distance to elementary school, shopping, transit, parks & easy access to public & private golf courses, recreation, equestrian facilities, Pacific Spirit Park. Home is situated on a large coner lot with lane access which zoning allows for a coach house. Great floor plan with functional & spacious living-dining-eating-family room, 5 good sized bedrooms, 4 washrooms including massive ensuite bathroom, plus bonus roof top deck. Call now for your private viewing.

Address:2246 W 8TH AV, Kitsilano, Vancouver West

March 09 V934815 $1,150,000 $0 0%
April 09 V934815 $1,098,000 $-52,000 -5%
April 27 V934815 $998,000 $-152,000 -13%
Open House: May 20, 21, 26
May 31 V934815 $898,000 $-252,000 -22%
Open House: Jun 02, 03, 09, 10, 16, 17

Assessment: No Assessment Value

COACH HOUSE in new Kits 4 unit development! 3 bedrooms, 2 bathrooms, family room and 1422sq.ft in this unique home. Full RAINSCREEN technology cladding with full 2-5-10 Warranty. Live in your own new private house with the latest in technology and top end finishing. Enjoy views to the south and west from living area and your very own private 200 sq.ft. roof top deck. Family room is the size of the two bedrooms! Ground level easily converted into a separate studio suite with separate entry. See ‘features list’ for finishing details. Modern sleek and an innovative design and floor plan. Don’t miss viewing this masterpiece. There is only one! OPEN HOUSE SAT June 16th 1:30-5:00PM

Address:564 W 18TH AV, Cambie, Vancouver West

March 09 V924569 $2,550,000 $0 0%
April 02 V924569 removed
April 05 V941284 $2,188,000 $-362,000 -14%
May 16 V941284 removed
May 19 V951249 $1,999,000 $-551,000 -22%
Open House: Jun 03, 23

Assessment: $1,406,000 (building unfinished at time of assessment)

Everything you want in central Cambie with no detail overlooked! This contemporary new build boasts an inviting floor plan with open living on the main including large entertainment spaces and a top notch chef’s kitchen. Upstairs you’ll find 3 generous bedrooms each with private en-suites. Excellent ceiling height (10′ ceilings), lovely windows and fabulous light throughout. The lower level offers a full height basement 2 bedroom legal suite + space for the family home. A triple car garage, South back garden all on a 33’x122′ lot. Own one of the best homes in Cambie, one of the most enduring and sought after neighbourhoods! Open House Saturday June 23rd, 2-4pm.

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

Assessment: $1,125,000 (Building Unfinished at time of assessment)

Lowest Priced Brand New home!! Its quality blt by Odenza with 2-5-10 yr. Whisper quiet inside and oversized 33 x 134 ft lot. Gorgeous Contemp finishes t/out. Main floor has 18 ft ceiling over living area with skylites. Tons of natural light. Top of the line appliances inc Viking Gas Stove, Meile & Bosch. The kitchen is a chef’s dream with large Island ideal for food prep and entertinaing. Upstairs there are 3 bdrms all w ensuites. The lower lvl can be a 2 bdrm ste with its own laundry. There are no other new homes at this price. Kerrisdale Elem and Pt Grey Sec school catchments. Open Sat June 16th from 2-4

Address:# 5 1483 BEACH AV, West End, Vancouver West

March 09 V903565 $7,500,000 $0 0%
April 08 V903565 removed
April 18 V944049 $6,900,000 $-600,000 -8%
May 30 V944049 $5,999,000 $-1,501,000 -20%
June 20 V944049 $5,899,000 $-1,601,000 -21%

Assessment: $3,967,000

Imagine an Italian Penthouse villa on Beach Avenue & private rooftop terrace overlooking Sunset Beach & English Bay… Boutique style luxury designed by Paul Merrick with giving you a sense of intimacy, privacy & security un-paralleled in Downtown Vancouver. A true work of art — Offering the epitome of world class living that exudes the utmost quality, high end finishes, craftsmanship, custom millwork & attention to detail throughout. Located minutes from English Bay, Vanier & Stanley Park, Sunset Beach, gourmet restaurants and shops.

Address:# 108 2890 POINT GREY RD, Kitsilano, Vancouver West

April 09 V942023 $1,250,000 $0 0%
April 25 V942023 $1,199,000 $-51,000 -4%
May 30 V942023 removed
June 02 V953969 $1,090,000 $-160,000 -13%
June 15 V953969 $999,000 $-251,000 -20%

Assessment: $755,000

Classic beautiful ‘Killarney Manor’ situated on prestigious Pt Grey Rd! Stunning spacious, totally reno’d home! Corner unit overlooking Tatlow Park featuring bleached wood flrs, walnut cabinetry, marble European baths with heated flr, soaker tub, 2 bdrms could easily converted to 2 bed, 2 dens. Two luxurious baths, open gourmet kitchen. Only the best of everything has been used in this deluxe, incomparable Kits Beach home! Concrete building, 8’4 ceilings, balcony. Priced below appraised value! Hurry on this one. Easy to show!

Address:3870 W 16TH AV, Dunbar, Vancouver West

March 09 V933991 $2,500,000 $0 0%
May 04 V933991 $2,000,000 $-500,000 -20%

Assessment: $1,200,800 (Property has more than one structure)

Almost rebuilt 3 bedroom house with an established convenient store on main floor. Also having possibility to build a laneway house of which design and drawings are available. Great opportunity living in the prestigious area while making enough enough money to pay mortgages. Close to Lord Byng Secondary School and Queen Elizabeth Elementary school, about 10 minutes to UBC. The Pacific Park is nearby. Just an excellent live and work property. Don’t let the chance go by.


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