Vancouver Price Drop

Documenting Vancouver real estate price movements

Golden Ears Spotlight – July 23, 2012

Here are the top 10 properties currently listed in “Golden Ears” (Maple Ridge, Pitt Meadows and Mission) with the largest overall drop in asking price since early March

Some Highlights

  • It takes an 24% drop to make this top 10, up from 21% and 17% the two previous months
  • 3 of 7 properties listed below assessment

Address:12320 AINSWORTH ST, Stave Falls, Mission

March 09 F1200684 $1,575,000 $0 0%
March 24 F1200684 $1,299,000 $-276,000 -18%
June 14 F1200684 $1,149,000 $-426,000 -27%
July 10 F1200684 removed
July 12 F1217839 $949,900 $-625,100 -40%

Assessment: $837,000

5+ acres Nature Retreat with Mjr Trout pond, 2400 shop and a 3,762 sqft custom hm. resort/retreat/conference centre. This post and beam home features slate & heated flrs, floor to ceiling windows and open beams, that frame panoramic westerly views. The 2114 sqft sprawling main flr features a vaulted post and beam Livingrm, mstr bedrm chef’s kitchen. The patio has pntl for an outdoor kitchen and hottub. Downstairs offers a huge theatre room, Games room and Wine Cellar area. Wood burning broiler system heats the home and 4 bay garage (36×30) Extra 50×30 shop: 20ft ceilings.

Address:# LT.B FERNDALE AV, Mission BC, Mission

March 09 F1205237 $599,000 $0 0%
April 04 F1205237 $495,000 $-104,000 -17%
June 30 F1205237 $399,000 $-200,000 -33%

Assessment: No Assessment Available

10.23 acres zoned for 4 acre lots. Partially treed. Great place to build your dream home with some future potential. Near Mission City hall on Ferndale. Changes in Fisheries setback reduced from 30 meters to 10 meters. Property is located West of 34711 Ferndale Ave.

Address:26000 128TH AV, Websters Corner, Maple Ridge

June 02 V953993 $409,900 $0 0%
June 14 V953993 $279,900 $-130,000 -32%

Assessment: No Assessment Available

Build Your Dream Home on this Five acre parcel, city water on 128th. 25928 128th listed for sale 3 acres $299900.00Great wild life get away for the weekend. The site needs to be a driveway built and a building site with sand. I have an experienced engineer available for the coordination of the project and necessary approvals including septic.

Address:32921 14TH AV, Mission BC, Mission

March 09 F1128776 $1,450,000 $0 0%
April 16 F1128776 $1,000,000 $-450,000 -31%

Assessment: $442,000

1.47 acre property in central Mission approved for 23 town homes. Complete with drawings, geotech, engineering and site plans. Present zone R558. New zone MT40. Preliminary approval.

Address:31834 BENCH AV, Mission BC, Mission

March 09 F1118831 $1,150,000 $0 0%
June 13 F1118831 removed
June 14 F1215554 $829,900 $-320,100 -28%
July 12 F1215554 $799,900 $-350,100 -30%

Assessment: $758,000

Stunning mountain and valley views, this Mission home is situated high on a hill in a super quiet neighborhood of exclusive properties and Mission Golf & Country Club. Lots of house here with over 5300 sqft, 8 bdrms, 7 bathrms plus office with separate entrance, perfect for home based business! Triple car garage, spice kitchen, huge covered (3) sundecks are a few of the many extras in this home. Fabulous layout with great room, huge kitchen perfect for entertaining and loads of window for the amazing views. There is room for everyone here, very unique home!

Address:# PCL.B KIRKPATRICK AV, Hatzic, Mission

May 10 F1212201 $2,000,000 $0 0%
June 14 F1212201 $1,398,000 $-602,000 -30%

Assessment: No Assessment Available

Spectacular 30 acre trophy property above the hills of Mission (Grace Mountain) with views of Hatzic Lake and Fraser Valley. Similar views to nearby Westminster Abbey. In the area of other multi-million dollar homes. Rare opportunity for an exciting property. Partially treed. Some buildable plateau areas. Non-ALR, potential for development. Just minutes away from Mission City Hall and all city amenities.

Address:# 202 20556 113TH AV, Southwest Maple Ridge, Maple Ridge

March 09 V915303 $174,900 $0 0%
April 23 V915303 removed
April 28 V946247 $154,900 $-20,000 -11%
May 26 V946247 $144,900 $-30,000 -17%
July 05 V946247 $139,900 $-35,000 -20%
July 20 V946247 $129,900 $-45,000 -26%

Assessment: $171,800

South-facing, very bright unit that is minutes to WestCoast Express, Golden Ears Bridge, Golf Course and bus routes. This unit is perfect for the first-time home buyer. Corner suite with 2 bedrooms/2 baths, lots of light. Close to all amenities. Large living room, kitchen, spacious dining room & extra large insuite laundry. Master bedroom with ensuite. The outdoor area is large covered deck, fenced & gated lawn area & pond. Close to shopping and a few blocks to elementary school.

Address:12498 232ND ST, East Central, Maple Ridge

March 09 V917886 $1,298,000 $0 0%
June 06 V917886 $1,095,000 $-203,000 -16%
July 11 V917886 $975,500 $-322,500 -25%

Assessment: $697,000

Build your family dream home with pristine, panoramic meadow and mountain views and a rural setting yet close to downtown Maple Ridge. Very Private. Add a “modular” guest home. Zoning permits hobby farm and/or agri-business such as garden centres, green houses,kennels etc. Municipal services on 5.73 acre site. Must be seen. Call today for your information brochure.

Address:# 405 22290 NORTH AV, West Central, Maple Ridge

March 23 V938841 $199,000 $0 0%
March 31 V938841 $189,000 $-10,000 -5%
April 05 V938841 $179,000 $-20,000 -10%
April 14 V938841 $174,000 $-25,000 -13%
April 24 V938841 $169,000 $-30,000 -15%
June 09 V938841 $165,000 $-34,000 -17%
June 23 V938841 $160,000 $-39,000 -20%
July 12 V938841 $150,000 $-49,000 -25%

Assessment: $186,000

BLOWOUT SALE. BELOW B.C.ASSESSMENT ($186,000). Amazing one bedroom unit in immaculate condition at the highest level of SOLO building. This unit shows so well that it is hard to guess it has ever been occupied. It comes with an oversized balcony facing East for the best of the morning sunrise. It boasts beautiful tile and high end laminate flooring, Granite countertop, Whirlpool stainless seel appliances, Built-in Microwave, high vaulted ceiling, … Just a 5 minute short walk to the West Coast Express and the Haney Wharf. Walk distance to Maple Ridge Centre for restaurants, recreation facilities and lots of shopping. ORIGINALLY SOLD FOR $214,900.

Address:# 204 11671 FRASER ST, East Central, Maple Ridge

March 09 V895929 $124,900 $0 0%
March 19 V895929 removed
June 29 V959261 $94,300 $-30,600 -24%

Assessment: $112,400

Priced to Sell!!! Perfect for a first time Buyer. Great 2 bedroom, 1 bath upper unit features a functional floor plan, and a covered deck off the Livingroom. Conveniently located w/ shopping and recreation close by. Close to West Coast Express.Pets are allowed with restrictions.Call today to view!


2 responses to “Golden Ears Spotlight – July 23, 2012

  1. B.B. Rodriguez July 23, 2012 at 12:14 pm

    Just amazing. Thanks for maintaining this data and this site.

  2. jr July 23, 2012 at 1:45 pm

    One of the observations that was raised before is whether these listings represent a deterioration from insanity (boomers trying to cash out) to reasonable levels or are more representative of a broad decrease in price. It might be interesting to see distribution of price decreases to see whether these are outliers of the general trend or part of a natural distribution.

    I suspect there are a lot of boomers who have multiple properties who are looking to cash out and are just seeing what they can get and pricing high. Since most of these holdings have been long term their ability to suffer loses might be greater, ex. “We can afford to take another 200k hit from 2mil because we bought it for 10k. 20 years ago. I also wonder how many properties for sale are because the owner needs to sell versus just playing the market.

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