Vancouver Price Drop

Documenting Vancouver real estate price movements

Vancouver West Spotlight – July 20, 2012

Here are the top 10 properties currently listed in Vancouver West with the largest overall drop in asking price since early March

Some Highlights

  • It now takes a 22% drop to make this top 10 up from 20% the previous two months
  • Last month the #1 drop was 29% and this week we have 4 properties at 34% or worse
  • 2 new homes on the list
  • 3 of the 8 homes with assessment info are listed below assessment
  • The 42 year old home on West 64th that is currently $1.298M and assessed at $1.107M is apparently, and I quote from the listing, “BEST PRICE EVER!!!”.  When the truth doesn’t work just make stuff up

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%
Open House: Jul 08, 15

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!

Address:305 W 13TH AV, Mount Pleasant, Vancouver West

June 20 V957477 $2,800,000 $0 0%
July 07 V957477 $1,798,000 $-1,002,000 -36%

Assessment: $1,687,900

City Hall Investment . Corner of W 13th Ave & Alberta St. exists a Heritage B Multi Family Craftsman home generating approx. $70K pa on a 50×80 ft lot. Circa 1900 this home was known as the Munroe House.. Lots of updates in and out inc new Exterior Paint, Wood Roof, kitchens and bathrooms. Great City Hall Location. Fabulous Revenue Property close to schools, transit and cambie Corridor.

Address:# 310 1455 ROBSON ST, West End, Vancouver West

May 28 V952859 $402,000 $0 0%
June 22 V952859 removed
July 18 V962408 $257,000 $-145,000 -36%

Assessment: $248,900

No Picture Available

West end freehold studio suite in concrete low-rise. On transit route & just steps from Stanley Park & all that Robson & Denman have to offer. Plumbed for insuite laundry. Low management fee. Pets & rentals OK.

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%
July 09 V918446 removed
July 12 V961484 $1,770,000 $-910,000 -34%
Open House: Jul 12

Assessment: $2,289,000

Amazing value at West Pender Place – Coal Harbour’s latest signature address. Prestigious sub-penthouse priced to sell, inclusive of NET HST. This is well below assessed value. This exquisite 2 & Den designed by Alda Pereira is fitted out with Italian Dada kitchen systems and Gaggeneau/SubZero appliances. Fluid floor plan with large living areas, grande foyer, 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 detail. Air-conditioning, 24-hours concierge, guest suite and indoor pool. Balance of 2-5-10 Year Warranty. Act now! PUBLIC OPEN: Thursday July 12th, 5:00-6:30 PM.

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, 08, 15, 22

Assessment: Building Unfinished at time of Assessment

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, Sub Zero, 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.

Address:1909 TRAFALGAR ST, Kitsilano, Vancouver West

March 09 V931179 $1,880,000 $0 0%
March 13 V931179 $1,790,000 $-90,000 -5%
March 26 V931179 removed
March 31 V940272 $1,790,000 $-90,000 -5%
April 18 V940272 $1,688,000 $-192,000 -10%
May 18 V940272 $1,628,900 $-251,100 -13%
Open House: May 19, 26
Open House: Jun 02
June 13 V940272 $1,574,500 $-305,500 -16%
Open House: Jun 21, 24
June 23 V940272 $1,499,000 $-381,000 -20%
Open House: Jun 26
Open House: Jul 07
July 14 V940272 $1,449,900 $-430,100 -23%
Open House: Jul 14

Assessment: $1,208,800

Legal Duplex Home w/ Three (3) Suites has been Meticulously maintained & Upgraded. Improvements too numerous to list, incl Major Compontents, drain tiles to roof, wiring, plumbing, furnace, h/w tanks (2) etc. Each suite has own bike/storage locker.The Top Suite: 2 Bdrm & Den on 2 levels / incl private balcony (w/ Water & Mountain Views) & fireplace. The Main floor: 1 Bdrm & Den w/ X-Large Deck & Fireplace. Third Suite: 2 Bdrm Garden Level (Above Ground). This is a ’10’ for the savvy INVESTOR Excellent Revenue Over $5,000 per mth. Great Tenants! A truly rare find. Steps to the Beach, Transit to Downtown & University, Shops & Resutrants Too. Call Lisa for Pixilink Floorplans & Brochure with Full Details. Open House Saturday July 14th 2:00 – 4:00 pm.

Address:1607 W 64TH AV, South Granville, Vancouver West

March 10 V936292 $1,688,000 $0 0%
March 22 V936292 $1,588,000 $-100,000 -6%
April 19 V936292 $1,528,000 $-160,000 -9%
May 17 V936292 $1,479,000 $-209,000 -12%
Open House: May 20, 27
Open House: Jun 03
June 07 V936292 $1,398,000 $-290,000 -17%
Open House: Jun 10
June 11 V936292 removed
June 14 V956474 $1,398,000 $-290,000 -17%
Open House: Jun 17, 24
Open House: Jul 01
July 12 V956474 $1,298,000 $-390,000 -23%

Assessment: $1,107,600

BEST PRICE EVER!!! Beautifully renovated to consider the modern family. This designer contemporary home features 5 beds, 3 baths & new gourmet kitchen with Bosch appliances and quartz countertops. Solid oak hardwood throughout main floor. 2 marble fireplaces, all new plumbing and electrical. Located in a wonderful family neighbourhood. Close to McKechnie Elementary and Magee High School. Note: possible 2 bedroom suite with roughed in kitchen & laundry.

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: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: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: 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!


4 responses to “Vancouver West Spotlight – July 20, 2012

  1. Yellow Helicopter July 21, 2012 at 10:56 pm

    Observer, I know you do this anonymously, but if I knew who you were, i’d walk right up to you and shake your hand.
    Thank you for this awesome work!

  2. John July 23, 2012 at 3:30 pm

    If you added some google Ad’s I’m sure a few of us would give you some clicks.

  3. homelessindunbar August 20, 2012 at 7:44 pm

    Does anyone know what 564 West 18th finally sold for? Thanks!

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