Vancouver Price Drop

Documenting Vancouver real estate price movements

West Vancouver Spotlight – August 26, 2012

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

Some Highlights

  • It takes a 20% drop to make this top 10 up from 19%, 19% and 15% the last three months
  • 2 of 9 listings with assessment information are now listed below assessment
  • #1 initially listed about 50% above assessment.  Now they are asking for below assessment…
  • #5 has an incomplete description…  Hey Brock Smeaton, it’s a 3 million dollar listing and it has been listed for about 100 days – fix the description!!!
  • Maybe #9’s realtor should purchase this place.  He says “The finest quality home I have ever seen in Lions Bay”.  Sounds a bit used car salesman-y

#1 ) Address:4611 WOODBURN RD, Cypress Park, West Vancouver

March 15 V937107 $3,388,000 $0 0%
April 11 V937107 $3,188,000 $-200,000 -6%
April 24 V937107 $2,888,000 $-500,000 -15%
May 01 V937107 $2,688,000 $-700,000 -21%
Open House: May 20
Open House: May 27
Open House: Jun 03
Open House: Jun 10
Open House: Jun 24
June 29 V937107 removed
July 02 V959849 $2,398,000 $-990,000 -29%
August 10 V959849 $2,198,000 $-1,190,000 -35%

Assessment: $2,279,000

This 58,806 sq.ft. (1.35 acre) property offers total privacy with awesome ocean views. The gated entrance leads to a private rock bluff setting overlooking the views from Lion’s Gate Bridge to Vancouver Island. This spacious 5615 sq. ft home offers 3 bedrooms, 3 bathrooms, vaulted ceilings, sun drenched decks and a master bedroom with spa like ensuite. Perfectly located near Caulfeild Village, Rockridge High School and Caulfeild Elementary. This home offers a 3 car garage and indoor swimming pool to complete the package.


#2 ) Address:5540 PARTHENON PL, Eagle Harbour, West Vancouver

March 09 V930920 $2,998,000 $0 0%
April 04 V930920 $2,750,000 $-248,000 -8%
May 02 V930920 $2,498,000 $-500,000 -17%
May 25 V930920 removed
May 28 V952953 $2,349,000 $-649,000 -22%
Open House: Jun 16
July 27 V952953 removed
July 29 V964285 $2,000,000 $-998,000 -33%
Open House: Aug 05
Open House: Aug 11
Open House: Aug 19
Open House: Aug 26

Assessment: $1,836,000

Enjoy stunning views from this semi-waterfront 4 bedroom family home! This West Coast contemporary home features over 4,000 sq ft of spacious living area on 3 levels, walls of windows and balconies across each floor. Become an exclusive member of ‘P.P.O.A.’ and be a ‘participant owner’ of approximately 1/2 hectare of incredible waterfront property, in addition to this property. This is the only lot of the 15-lot subdivision that touches the private waterfront retreat. Access the property by a private roadway shared with only one neighbour. A great location close to many amenities, the Horseshoe Bay ferries and minutes to Eagle Harbour Elementary and Rockridge Secondary!


#3 ) Address:5347 KEW CLIFF RD, Caulfeild, West Vancouver

March 09 V906191 $12,980,000 $0 0%
April 11 V906191 $9,980,000 $-3,000,000 -23%
June 14 V906191 removed
June 23 V958265 $8,998,000 $-3,982,000 -31%

Assessment: $8,286,000

A magnificent luxury Waterfront home situated on one of West Vancouver’s most sought after streets. Offering over 5,300 sq. ft. of outstanding luxury & detail throughout on all 3 levels. Large entertainment size rooms including a feature curved staircase with wrought iron railings, all French doors leading onto spacious walk-out patios with wonderful outdoor swimming pool & jacuzzi. This beautifully appointed luxury home features a World Class International kitchen, separate den or office, theatre room, wine cellar & a simply gorgeous Master suite. Fully gated & landscaped with breathtaking views!


#4 ) Address:5358 KEW CLIFF RD, Caulfeild, West Vancouver

March 09 V922782 $4,870,000 $0 0%
March 13 V922782 $4,380,000 $-490,000 -10%
April 03 V922782 $3,990,000 $-880,000 -18%
Open House: Jun 03
June 16 V922782 $3,750,000 $-1,120,000 -23%
July 14 V922782 removed
August 25 V968044 $3,468,000 $-1,402,000 -29%

Assessment: $2,437,000

Unique, sophisticated, quietly elegant, handcrafted, naturally beautiful- you’ll be captivated by this home & the lifestyle! Kew Cliff known as one of West Vancouver’s most sought after waterfront cul-de-sac. Situated on a private gated 20,000 sqft fully landscaped estate, this classic heritage style custom built residence has been designed using the highest attention to detail quality & finishing. Boasting over 6000? sqft on 3 levels, where all principal rooms open onto entertainment size concrete patios with amazing sunsets unobstructed ocean views of Passage Island, Bowen Island and out the mighty pacific to Vancouver Island & Nanaimo.


#5 ) Address:6121 GLENEAGLES DR, Gleneagles, West Vancouver

May 04 V947366 $3,898,000 $0 0%
June 06 V947366 $3,685,000 $-213,000 -5%
June 27 V947366 removed
June 30 V959385 $3,290,000 $-608,000 -16%
August 17 V959385 $2,999,000 $-899,000 -23%

Assessment: Building Unfinished

Gorgeous new contemporary home in this most sought after West Vancouver waterfront neighbourhood. Backing on to the Gleneagles Golf Course, this custom home has been built with exacting standards and quality throughout. The Great Room is


#6 ) Address:1525 ERRIGAL PL, Canterbury, West Vancouver

March 14 V937025 $6,980,000 $0 0%
April 12 V937025 $5,980,000 $-1,000,000 -14%
July 20 V937025 removed
July 25 V963588 $5,380,000 $-1,600,000 -23%
Open House: Jul 26
Open House: Aug 26

Assessment: $4,581,000

Magnificent View Mansion, offering Enter luxury in this magnificent ocean&city view mansion.Built w/pride in workmanship.Impressive marble foyer w/open ceiling & peekaboo view of large indoor pool through etched glass window leads to games/media room. Main floor boasts open floor plan, large f/p, kitchen w/high end app.warm limestone flr,guest suite,den complete this spacious area.All BRs have own en suite. MBR has prvt deck&sitting area. No expense spared with lighting. Feature packed and exciting.


#7 ) Address:3529 MATHERS AV, Westmount, West Vancouver

March 09 V924752 $4,188,888 $0 0%
April 12 V924752 removed
April 21 V944692 $3,980,000 $-208,888 -5%
May 26 V944692 $3,688,000 $-500,888 -12%
June 29 V944692 $3,288,000 $-900,888 -22%

Assessment: $3,412,000

A Sensational, almost new 5500 SQ FT, 5 bedroom, 8 bathroom home in sought after West Bay with good City and Ocean Views. Walk to Erwin Park Elementary School & the Beach. This luxury home features a large gourmet kitchen, large family room and elegant living and dining areas. The upper level features four bedroom suites including a lavish Master Suite with private patio overlooking the ocean. Enjoy a fully finished lower level with Games Room, Wine Room and Gym plus bedroom for nanny. Other features of this finely detailed home include beautiful hardwood floors, state-of-the art security system, hot tub, exercise room, wine cellar, triple garage, heated driveway. Best value in the Westmount/West Bay area…


#8 ) Address:385 RABBIT LN, British Properties, West Vancouver

March 12 V936611 $3,800,000 $0 0%
March 21 V936611 $3,395,000 $-405,000 -11%
May 02 V936611 $3,100,000 $-700,000 -18%
August 06 V936611 removed
August 15 V966332 $3,100,000 $-700,000 -18%
August 16 V966332 removed
August 24 V967881 $2,988,000 $-812,000 -21%

Assessment: $1,990,000

English country Estate ideallly located in the lower British Properties on a 1/2 acre fully level property – beautiful garden and grounds with complete privacy. This 5,200 sq. ft. Tudor designed home has been completely updated with all thequality you’d expect in a home of this caliber. Features: Grand Entry, Hardwood floors throughout, Country kitchen w/viking appliances. Huge main floor rec room/billiards room. All bedrooms with ensuite bathrooms. Resort like Master ensuite. Separate guest/nannies accommodation. Garage with a built-in sub-zero fridge…Truly a home of distinction within close proximity to Collingwood School.


#9 ) Address:90 TIDEWATER WY, Lions Bay, West Vancouver

August 20 V906227 $1,888,000 $0 0%
November 03 V906227 $1,788,000 $-100,000 -5%
April 11 V906227 $1,625,000 $-263,000 -14%
July 27 V906227 $1,498,000 $-390,000 -21%

Assessment: $1,254,000

This home is absolutely magnificent!! The finest quality home I have ever seen in Lions Bay and every room with ocean views. Outstanding finishes throughout. Top of the line appliances, Sub-Zero fridge, Sub-Zero wine fridge, Wolf range, granite counters. Solid oak hardwood floors, high vaulted ceilings, skylights, new home theatre, lots of glass and natural light, loads of built-ins, stunning ocean views, and just steps down to the beach. The surrounding landscaping is stunning with a custom bridge over the natural pond and a gentle creek winding through the magnificent rock gardens. 2 ocean view decks, new cedar shake roof, energy efficient heat pump system, wood burning fireplace. Only 24 minutes to Downtown Vancouver on the new scenic Sea-To-Sky Highway. This home is for those who truly appreciate the finest workmanship and magnificent natural gardens. Lions Bay, where your weekend get-a-way is the home you live in. Ask for a personal tour of this unique seaside village.


#10 ) Address:3049 SPENCER CT, Altamont, West Vancouver

May 31 V953432 $2,498,000 $0 0%
Open House: Jun 02
Open House: Jun 03
Open House: Jun 09
Open House: Jun 10
Open House: Jun 16
Open House: Jun 17
Open House: Jun 23
Open House: Jun 24
Open House: Jun 30
Open House: Jul 01
Open House: Jul 07
Open House: Jul 15
July 19 V953432 $2,250,000 $-248,000 -10%
Open House: Jul 21
Open House: Jul 29
Open House: Aug 05
Open House: Aug 12
August 18 V953432 $1,987,000 $-511,000 -20%
Open House: Aug 26

Assessment: $1,858,000

Prestigious Altamont residence situated at the end of a quiet cul-de-sac offering gorgeous ocean & coastline views! Private ? acre ppty. 3570 sq. ft. on 3 levels featuring a tastefully crafted d?cor. Immaculately maintained, offering 4 spacious bedrooms up incl a fabulous master & ensuite w/walk-in closet, sensational gourmet kit w/brkfst bar, eating area & adj FR w/elegant living & dining rooms w/roaring F/P & lg picture windows, 4.5 bthrms, grand foyer w/curved staircase, spacious rec rm w/kitchenette & 1 guest bdrm down – all opening out to sundrenched patios & lush gardens w/complete privacy! Bright open flrpln w/high ceilings, radiant in-floor heating, lg motor court driveway & 2-car garage. Exceptional value!


 

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