Vancouver Price Drop

Documenting Vancouver real estate price movements

West Vancouver Spotlight – November 9, 2012

It’s been a month so once again 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 now takes a 27% drop to make this top 10.  The previous 4 months were 23%, 20%, 19% and 19%
  • 2 of 9 listings are now below assessment

#10 ) 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%
Open House: Sep 16
October 12 V967881 $2,788,000 $-1,012,000 -27%
Open House: Oct 14
Open House: Oct 21
Open House: Oct 28
Open House: Nov 04

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:1388 21ST ST, Ambleside, West Vancouver

April 25 V945353 $2,480,000 $0 0%
Open House: May 20
Open House: May 27
Open House: Jun 09
Open House: Jun 10
June 12 V945353 $2,090,000 $-390,000 -16%
Open House: Jun 17
Open House: Jun 24
Open House: Jul 01
Open House: Jul 08
Open House: Jul 15
July 11 V945353 removed
July 14 V961936 $2,090,000 $-390,000 -16%
Open House: Jul 22
Open House: Jul 29
July 31 V961936 $1,990,000 $-490,000 -20%
Open House: Aug 05
Open House: Aug 19
Open House: Sep 09
Open House: Sep 16
September 12 V961936 removed
September 15 V971460 $1,990,000 $-490,000 -20%
Open House: Sep 23
September 24 V971460 removed
September 30 V974315 $1,799,000 $-681,000 -27%
Open House: Sep 30
Open House: Oct 07
Open House: Oct 14
Open House: Oct 21
Open House: Oct 28
Open House: Nov 11

Assessment: $1,602,000

Absolutely amazing fully & newly renovated family home w/spectacular unobstructed ocean views from Vancouver’s Inner Harbour to UBC & Vancouver Island, centrally located “walking” distance to schools, shopping & West Van Rec Center! Thisamazing home has been exquisitely renovated top to bottom. The main floor features living room & family room, each w/fireplace & overlooking the stunning view, Gourmet kitchen with new cabinets, s/s appliances & counter tops, and formal dining room & den. The top floor features a huge master bedroom with vaulted ceilings, en-suite & dressing area, plus 3 additional bedrooms, while the lower level floor features a large rec room, 2 bedrooms and spa area with dry & steam sauna, plus hot tub.

#8 ) Address:420 N OXLEY ST, West Bay, West Vancouver

March 09 V921903 $4,840,000 $0 0%
April 23 V921903 $4,498,000 $-342,000 -7%
June 08 V921903 removed
June 13 V956135 $3,999,000 $-841,000 -17%
Open House: Jun 17
Open House: Jun 23
Open House: Jun 24
Open House: Jul 15
Open House: Jul 22
Open House: Jul 29
Open House: Aug 11
Open House: Aug 25
Open House: Sep 08
Open House: Sep 09
Open House: Sep 16
Open House: Sep 22
Open House: Sep 23
Open House: Oct 14
Open House: Oct 20
October 22 V956135 removed
October 25 V977860 $3,488,000 $-1,352,000 -28%
Open House: Oct 28
Open House: Nov 03

Assessment: $1,855,000

Looking for something that makes a statement? This 3 level 4 bedroom rebuilt contemporary has it all, beautiful ocean views, state of the art kitchen including an ultra modern appliance package. The open living plan takes advantage of the gorgeous ocean view and the spectacular gardens surrounding the house. Lots of private outdoor living for entertaining or just relaxing in your own mini Butchart Gardens. To fully appreciate this property you have to view it for yourself. Public open Sat Nov. 3rd, 2pm-4pm

#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%
September 25 V944692 $2,998,000 $-1,190,888 -28%

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…

#6 ) Address:15 BRUNSWICK BEACH RD, Lions Bay, West Vancouver

June 23 V958302 $9,800,000 $0 0%
September 17 V958302 removed
October 11 V975931 $6,980,000 $-2,820,000 -29%

Assessment: $3,202,000

Where else can you find over 440 feet of flat waterfront that wraps around a 12,000 sq. foot mini-peninsula? Located all alone at the end of a quiet road, this home is ideally designed to capture the 360 degree views, from the intimate oceean vistas back to the rising mountains. Spectacular 4500+ sq. foot home features 3 bedrooms and 5 bathrooms on 2 levels of luxurious living space. This home boasts breathtaking views from every room and is situated on an extremely private and flat lot. The outdoor fire pit and multiple patio and deck areas. There is nothing that compares to this property, it’s truly spectacular!

#5 ) 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%
Open House: Sep 09
Open House: Sep 23
Open House: Nov 03

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. Approximate House Size: 6169 sqft. Double Garage Size: 594 sqft.

#4 ) Address:1515 OTTAWA AV, Ambleside, West Vancouver

March 14 V936810 $4,988,000 $0 0%
Open House: May 20
Open House: May 27
Open House: Jun 03
June 01 V936810 removed
June 30 V959481 $4,380,000 $-608,000 -12%
Open House: Jul 22
Open House: Sep 16
September 18 V959481 $3,900,000 $-1,088,000 -22%
November 06 V959481 $3,488,000 $-1,500,000 -30%

Assessment: Building Unfinished

Enjoy spectacular ocean & partial city view from this attractive NEW mansion w/its grand facade featuring columns, covered porches, extensive decks & pretty Juliet balconies. Well-sited on large level fully hedged 14,702 SF lot in convenient Ambleside in close proximity to schools, transportation, beaches & shops, this 7 BDM, 8 BTH residence is luxuriously finished w/marble & engineered H/W floors, granite counters, crystal chandeliers, high-end fittings, radiant floor heating, air-conditioning & elevator to service all 3 levels. The main features large deep foyer w/X-hall grand living & dining rooms, family room off kitchen w/antique white cabinets & Miele appliances including Miele coffee machine, wok kitchen, guest bedroom & office which opens through french doors to the private backyard. Up are 4 ensuite bedrooms including the huge master. The lower level has a games room, home theatre w/wet bar & well-finished 3 bedroom legal suite. The private grounds are beautifully L/S w/level lush lawn. Priced to sell

#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!

#2 ) Address:815 ANDOVER CR, British Properties, West Vancouver

April 09 V942024 $2,798,000 $0 0%
April 24 V942024 $2,498,000 $-300,000 -11%
May 07 V942024 removed
May 11 V949361 $2,198,000 $-600,000 -21%
Open House: May 26
June 07 V949361 $1,988,000 $-810,000 -29%
Open House: Jun 09
Open House: Jun 10
August 20 V949361 removed
October 05 V975269 $1,698,000 $-1,100,000 -39%

Assessment: $1,589,000

Amazing opportunity to acquire this almost 17,000 square foot VIEW property in a prime British Properties location. This large property has excellent potential to build with a large flat yard. Existing 3,200 square foot home has 4 large bedrooms, 5 bathrooms, large rec room and nanny room on lower level and large patio to enjoy the city and ocean views. Close to Hollyburn Country Club, Golf Courses and great schools! Don’t miss out on this opportunity to own this highly sought after property.

#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%
October 01 V959849 removed
October 06 V975394 $1,999,999 $-1,388,001 -41%

Assessment: $2,279,000

Fabulous 1.35 Acre (58,806sqft) property boasting absolutely striking ocean views amidst total privacy. Enter through a private gated entry, down a long winding driveway to the home situated on a rocky bluff. Inside is a spacious 5700 sqft floor plan with vaulted ceilings, a fantastic kitchen, a master bedroom with a fabulous ensuite and his & her walk-in closets. Add to this an indoor pool. Outside, soak in the tremendous views and fabulous exposure on the huge sunlit patio. Located only a moment to Caulfield Village, near Rockridge High School and Caulfield Elementary.


4 responses to “West Vancouver Spotlight – November 9, 2012

  1. Landbaron November 10, 2012 at 8:38 pm

    Wow, #1 is going to kill values in WV.

    Originally asking more than $1mil over assessment in March, now almost $300g’s below assessment. What a reality check!

    It “almost” seems reasonable for the area?…please don’t destroy me for that comment 😉

  2. elme November 10, 2012 at 10:13 pm

    I’ve been always thinking what if these sellers realized the original prices they asked. That’s indeed a dang big fortune to reap.

    • Landbaron November 11, 2012 at 11:19 pm

      Could of, would of, should of….a theme that will be repeated for a while.

      Anyone who sold in the last year or two is laughing and did realize their fortune. Those who have played the leveraging game, and thought it would last forever, are now on the losing end. The outcome is going to be ugly!

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