Vancouver Price Drop

Documenting Vancouver real estate price movements

Tri-Cities Spotlight – August 26, 2012

Here are the top 10 properties currently listed in Tri-Cities ( Coquitlam, Port Coquitlam and Port Moody) with the largest overall drop in asking price since early March

Some Highlights

  • It now takes 18% to make the top 10 list up from 17% the last 2 months
  • 2 of 7 listings with assessment information are now listed below assessment
  • 2 new homes in the top 4
  • Unlike most other spotlights, the descriptions are pretty good – nothing too silly to make fun of 😦

#1 ) 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
Open House: May 20
Open House: Jun 10
Open House: Jun 24
Open House: Jun 30
Open House: Jul 07
Open House: Jul 08
Open House: Jul 15
Open House: Jul 21
Open House: Jul 22
July 24 V945850 removed
July 27 V963884 $1,198,000 $-401,000 -25%
Open House: Jul 28
Open House: Jul 29
Open House: Aug 05
Open House: Aug 12

Assessment: Building Unfinished

“LOCATION – LOCATION – LOCATION” Across from Vancouver Golf Club. Features: 9 bedrooms, 8 bathrooms, 4 kitchen areas. Best price per sq ft in Central or West Coquitlam. Just move into this recently renovated home with new addition (with permits) in 2007 & 2008; lane access, impressive 16′ floor to ceiling windows facing private yard; hardwood, two stairways to upstairs, open concept with huge kitchen, lots of additional parking and located on no thru street with huge gated driveway. 1 bdrm nanny suite & 2 bdrm in-law suite with walk out basement. OPEN HOUSE SAT JULY 28TH, & SUN JULY 29TH, 1:30 – 4 PM.


#2 ) Address:946 GATENSBURY ST, Harbour Chines, Coquitlam

June 08 V955283 $1,054,900 $0 0%
August 23 V955283 $794,600 $-260,300 -25%
Open House: Aug 25

Assessment: $711,900

Updated home on an Estate sized lot in sought after Harbour Chines! This 4 bedroom, 2 bathroom Bungalow with basement sits on a 12,369 sqft park like property. A very short walk and your enjoying the ammenities of popular Como Lake! Need a suite? Separate basement entrance makes it possible! Also within walking distance; public, French Immersion, Catholic schools and public transportation. Bring your family to view this terrific home with a perfect yard for kids. New Rapid Transit, all levels of shopping and recreation just minutes away.


#3 ) 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

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.


#4 ) 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
Open House: May 27
Open House: Jun 02
June 14 V926604 removed
June 20 V957443 $899,000 $-189,000 -17%
Open House: Jun 30
August 09 V957443 $868,000 $-220,000 -20%

Assessment: Building Unfinished

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.2-4pm open SAT 1376 & 1370


#5 ) Address:2611 CHARTER HILL PL, Upper Eagle Ridge, Coquitlam

March 09 V919704 $998,000 $0 0%
May 05 V919704 removed
May 26 V952410 $850,000 $-148,000 -15%
Open House: May 27
Open House: Jun 03
July 31 V952410 $825,000 $-173,000 -17%
August 14 V952410 $800,000 $-198,000 -20%
Open House: Aug 26

Assessment: $949,000

Custom designed home! From the moment you walk in, you will be amazed by the spaciousness of the grand foyer with marble flooring and dramatic staircase leading to the upper floors. Situated on a hill with spectacular panoramic mountain views from your two balconies. This home is perfect for the largest of families with lots of space. Perfect location, close to amenities and schools. **OPEN SUN 2-4**


#6 ) Address:36 BURRARD CR, College Park, Port Moody

March 15 V937217 $1,589,000 $0 0%
April 21 V937217 $1,489,000 $-100,000 -6%
August 04 V937217 $1,289,000 $-300,000 -19%

Assessment: $1,059,000

A 270 degree spectacular view, this best view property sitting on the hill looking down Burrard Inlet, the eastern section of Vancouver harbor. This 5 level 4500 square feet property with 3 separate entrances has 6 spacious bedrooms, 4.5 bathrooms, 3 laundry rooms and 2nd kitchen in the basement. Both inside and outside are newly painted, and new kitchen countertop has been replaced. Lawn sprinkler system installed.


#7 ) Address:# 317 2478 WELCHER AV, Central Pt Coquitlam, Port Coquitlam

March 09 V922128 $232,500 $0 0%
March 09 V922128 removed
April 20 V944425 $219,900 $-12,600 -5%
May 23 V944425 $209,900 $-22,600 -10%
June 28 V944425 $199,000 $-33,500 -14%
July 25 V944425 $189,900 $-42,600 -18%
Open House: Jul 28

Assessment: $232,000

Lowest price per square foot of all current 1 bedroom listings newer than 1996 in Central Port Coquitlam and it’s a 2008. This is a unique floor plan with only 2 in the complex. This BRIGHT, LARGE 1 bedroom (747sf) unit offers 9′ ceilings, large open kitchen with granite, ceramic backsplash and stainless steel appliances. Oversized window, throughout, gorgeous laminate floors and carpet in the bedrooms. This unit feels larger than it really is with its OPEN concept. Take advantage of the large walk-in-closet. Not only is there a storage locker but also additional insuite storage. A little bit of fixing up is needed. This home comes with the security of the remainder of a 2-5-10 warranty. And YES there is a large covered deck.


#8 ) 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
Open House: Jun 03
Open House: Jun 09
Open House: Jun 16
Open House: Jun 17
Open House: Jun 24
Open House: Jul 01
Open House: Jul 02
Open House: Jul 08
July 11 V936392 removed
July 14 V961971 $1,050,000 $-230,000 -18%
Open House: Jul 15
Open House: Jul 29
Open House: Aug 05
Open House: Aug 12
Open House: Aug 18
Open House: Aug 25

Assessment: $934,000

Best priced new home in Coquitlam, check out the features, view of Fraser River & New Westminster, kitchen with centre island, wok kitchen, granite counter tops, stainless steel gas cooktop, fridge & dishwasher. 7 bedrooms, 2 ensuites, crown mouldings, 8 inch base board mouldings, family room with gas fireplace, engineering flooring on main, in floor heating with 7 zones. Two bedroom suite with granite counter tops and washer/dryer, nanny quarters. Over 5300 sq. ft. New home warranty. Call today to view!!!


#9 ) Address:855 BLUE MOUNTAIN ST, Harbour Chines, Coquitlam

April 16 V943444 $949,000 $0 0%
April 18 V943444 $899,000 $-50,000 -5%
May 09 V943444 $879,000 $-70,000 -7%
Open House: May 20
Open House: May 27
Open House: Jun 03
Open House: Jun 10
Open House: Jun 16
June 18 V943444 removed
June 22 V957843 $799,900 $-149,100 -16%
Open House: Jun 23
Open House: Jun 24
Open House: Jun 30
Open House: Jul 01
July 23 V957843 removed
July 25 V963611 $799,000 $-150,000 -16%
August 08 V963611 $779,000 $-170,000 -18%

Assessment: $738,000

Prime Harbour Chines. Quality custom design & finish materials featured throughout this fine family home. Located on large nicely landscaped private lot. Freshly painted inside and out with many recent upgrades and renovations. Beautiful maple kitchen w/island and comfortable family room leads to huge new vinyl deck covered to enjoy year round. Spacious Master bedroom fit for a King has walk in closet and warm hardwood floors. Luxury main floor bath offers granite counters & jetted tub to relax. Bonus: Brand new basement kitchen, bath, recreation room w/separate entrance great for home office or mortgage helper, Truly one of kind home & property must see to appreciate. Ready to move in and enjoy now!


#10 ) Address:# 507 575 DELESTRE AV, Coquitlam West, Coquitlam

March 09 V907202 $295,800 $0 0%
March 24 V907202 $280,800 $-15,000 -5%
June 01 V907202 removed
August 06 V965286 $243,500 $-52,300 -18%

Assessment: $201,300

Ready for immediate occupancy this bright 1 bedroom unit in the ‘CORA’ concrete tower. Conveniently located near the Lougheed Mall, skytrain & SFU. Featuring large windows, granite counters, covered balcony, etc. Recreation areas, beautiful gardens & secure underground parking awaits the new resident.

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