Weekly Drop Suburbs – March 4, 2013

Here are the 10 properties outside of Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that changed their price or were relisted under a new MLS number the previous week AND have dropped the largest percentage overall from their original asking price.

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#10 ) Address:12548 62A AV, Panorama Ridge, Surrey

December 10, 2008	F2833211	$78,000	$0	0%
August 01, 2009	F2833211	removed after 234 days
March 03, 2013	F1304933	$49,900	$-28,100	-36%

No Picture

Current Days on Market: 3 (0.01years)
Current ‘Official’ Days on Market: 3
2012 Assessment: $11,700
2011 Assessment: $11,700
Desperation Score: 4.5

Must be sold with 12556 62A Avenue (MLS F1304934) and other lot 12540 62A Avenue (MLS F1304935). Great for Nursery or Hobby Farm. Contact City of Surrey to verify your options on this property.

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#9 ) Address:# 208 11671 FRASER ST, East Central, Maple Ridge

February 02, 2007	V627791	$134,900	$0	0%
February 08, 2007	V627791	$131,900	$-3,000	-2%
April 02, 2007	V627791	removed after 59 days
March 19, 2008	V695568	$154,900	$0	0%
April 05, 2008	V695568	$149,900	$-5,000	-3%
May 27, 2008	V695568	$139,900	$-15,000	-10%
July 01, 2008	V695568	removed after 104 days
July 11, 2008	V721590	$134,900	$-20,000	-13%
August 19, 2008	V721590	$129,900	$-25,000	-16%
October 07, 2008	V721590	$119,900	$-35,000	-23%
December 31, 2008	V721590	removed after 173 days
March 02, 2013	V993352	$98,700	$-56,200	-36%

Current Days on Market: 4 (0.01years)
Current ‘Official’ Days on Market: 4
2012 Assessment: $96,100
Desperation Score: 4.5

Another portable washing machine makes the weekly drop.  “Call about our zero down payment option” – I sure hope they aren’t trying to get around CMHC’s rules regarding no down payment…

BELMAR TERRACE: Walk to Haney Place Mall or shopping center, 3 Grocery stores, banks, restaurants, West Coast Express and transit. You really don’t need a car, walk up Fraser and it connects with Lougheed where you have access to everything. This exceptional large 1 bdrm and 1 bath has a huge 24′ x 16′ patio that is private with tall trees. This is a solid building with a newer roof under 5 years old. Owner has portable washing machine included and laundry is shared in basement. Small dogs 1 ft high allowed and cats allowed, only 10 rentals allowed at one time. Call about our zero down payment option and own this condo yourself today!

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#8 ) Address:18026 68TH AV, Cloverdale BC, Cloverdale

July 04, 2007	F2717233	$2,999,999	$0	0%
September 20, 2007	F2717233	$2,785,000	$-214,999	-7%
December 27, 2007	F2717233	removed after 176 days
May 17, 2008	F2814382	$2,389,000	$-610,999	-20%
October 21, 2008	F2814382	removed after 157 days
May 05, 2009	F2906921	$2,199,000	$-800,999	-27%
October 01, 2009	F2906921	removed after 149 days
October 07, 2009	F2922916	$2,199,000	$-800,999	-27%
August 01, 2010	F2922916	removed after 298 days
March 16, 2011	F1106766	$2,199,000	$-800,999	-27%
June 24, 2011	F1106766	removed after 100 days
August 25, 2012	F1221187	$2,199,000	$-800,999	-27%
October 04, 2012	F1221187	$1,998,000	$-1,001,999	-33%
March 02, 2013	F1221187	$1,898,000	$-1,101,999	-37%

Current Days on Market: 193 (0.53years)
Current ‘Official’ Days on Market: 193
2012 Assessment: $1,460,000
Desperation Score: 16.0

This cloverdale estate home is now down over $1.1 million and 37% however still way above assessment

Spectacular gated, 6789 sq. ft. estate home, custom built by Promaster Builders. Open the double front doors and enter into a grand foyer with sweeping curved staircase and soaring ceilings. The living room is elegant with warm hardwood floors, 21′ ceilings and French doors out to the gazebo. Entertaining is a delight in this spacious kitchen which flows easily into the combined games/family room with full bar. The master suite is luxurious with tray ceiling, gas F/P and pillared entry to the spacious ensuite with sunken garden tub and walk-in shower. The magnificently landscaped south facing backyard features a huge patio, gazebo with BBQ and room for horses. Close to everything with possible future redevelopment potential. To view pictures and floor plan click on the realtors view to the right. * PREC – Personal Real Estate Corporation

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#7 ) Address:59895 HUNTER CREEK RD, Hope Silver Creek, Hope and Region

March 09, 2012	H1200827	$424,900	$0	0%
August 29, 2012	H1200827	$289,000	$-135,900	-32%
September 28, 2012	H1200827	removed after 203 days
March 01, 2013	H1300788	$268,800	$-156,100	-37%

No Picture

Current Days on Market: 362 (0.99years)
Current ‘Official’ Days on Market: 5
2012 Assessment: No Assessment
Desperation Score: 17.8

This beautiful park like property is ideal for your primary residence or recreational retreat in the mountains. Situated on Hunter Creek and the Fraser River it would be a fishermans paradise. Salmon and trout can be caught off your property when they are running. Whether you like to fish, run a small business from home, have a garden and do some farming, or have this property as your getaway you should check this one out. Maybe you might want to run a few horses or other animals on the property. The property is located east on Chilliwack about 10 mins. from Hope. Don’t hesitate to call for a 4 page flyer and I will have it mailed to you or your favorite realtor.

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#6 ) Address:10272 262ND ST, Thornhill, Maple Ridge

May 30, 2007	V650043	$1,275,000	$0	0%
July 26, 2007	V650043	removed after 57 days
April 12, 2008	V700703	$1,175,000	$-100,000	-8%
June 14, 2008	V700703	$1,125,000	$-150,000	-12%
January 01, 2009	V700703	removed after 264 days
July 16, 2009	V777070	$1,190,000	$-85,000	-7%
August 21, 2009	V777070	$990,000	$-285,000	-22%
December 15, 2009	V777070	$949,000	$-326,000	-26%
January 05, 2010	V777070	removed after 173 days
January 07, 2010	V802362	$925,000	$-350,000	-27%
May 01, 2010	V802362	removed after 114 days
July 21, 2010	V842756	$850,000	$-425,000	-33%
January 16, 2011	V842756	removed after 179 days
January 23, 2011	V864987	$925,000	$-350,000	-27%
July 01, 2011	V864987	removed after 159 days
February 28, 2013	V992775	$750,000	$-525,000	-41%

No Picture

Current Days on Market: 6 (0.02years)
Current ‘Official’ Days on Market: 6
2012 Assessment: $741,000
Desperation Score: 4.5

“Seller is motivated. Try all offers!”

Level partly cleared 5 acres in Thornhill Urban Reserve. Future single family development with no creeks, no easements, no R/Ws. Build your dream home and hold for development. Located in picturesque neighbourhood of high-end executive homes but also offers farming/business opportunities. Endless opportunity with development potential. Excellent value and investment opportunity. Seller is motivated. Try all offers!

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#5 ) Address:# 60 2002 ST JOHNS ST, Port Moody Centre, Port Moody

September 19, 2008	V734424	$184,900	$0	0%
February 05, 2009	V734424	removed after 139 days
August 13, 2009	V781565	$162,900	$-22,000	-12%
October 08, 2009	V781565	$157,800	$-27,100	-15%
December 06, 2009	V781565	removed after 115 days
December 09, 2009	V800349	$149,900	$-35,000	-19%
March 31, 2010	V800349	removed after 112 days
January 16, 2013	V985110	$113,900	$-71,000	-38%
January 29, 2013	V985110	$109,900	$-75,000	-41%
February 26, 2013	V985110	$107,900	$-77,000	-42%

Current Days on Market: 49 (0.13years)
Current ‘Official’ Days on Market: 49
2012 Assessment: $128,300
Desperation Score: 13.9

Total reno in 2010 and it has still come down 25% more since then

Total reno 3 years ago with maple kitchen cabinets, rich black granite counter tops & phone desk. Gorgeous slate floor in kitchen, foyer & hall. Solid hardwood under carpet. Newer paint, light fixtures. Updated bathroom fixtures, doors & handles. Located close to schools, transit & future LRT station within walking distance. Say goodbye to your car! Easy access to SFU. Best buy in town-cheaper than rent.

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#4 ) Address:# 302 3071 GLEN DR, North Coquitlam, Coquitlam

October 05, 2006	V600233	$438,000	$0	0%
October 11, 2006	V600233	removed after 6 days
April 20, 2008	V702371	$499,000	$0	0%
June 18, 2008	V702371	removed after 59 days
July 11, 2008	V721721	$519,900	$0	0%
August 05, 2008	V721721	removed after 25 days
October 20, 2012	V977345	$344,900	$-175,000	-34%
December 01, 2012	V977345	$324,900	$-195,000	-38%
January 19, 2013	V977345	$309,900	$-210,000	-40%
March 01, 2013	V977345	$299,900	$-220,000	-42%

Current Days on Market: 137 (0.38years)
Current ‘Official’ Days on Market: 137
2012 Assessment: $346,500
Desperation Score: 19.9

Court ordered sale in coquitlam

Large 3 bedroom + den unit at the heart of Coquitlam Center. Court ordered sale. Subject to court approval. Sold as is.

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#3 ) Address:# 74 17712 60TH AV, Cloverdale BC, Cloverdale

December 04, 2008	F2833037	$119,900	$0	0%
January 15, 2009	F2833037	$129,900	$0	0%
January 22, 2009	F2833037	removed after 49 days
January 23, 2009	F2901227	$119,000	$-10,900	-8%
February 17, 2009	F2901227	removed after 25 days
June 19, 2010	F1017462	$129,900	$0	0%
December 01, 2010	F1017462	removed after 165 days
May 17, 2011	F1112771	$129,900	$0	0%
June 25, 2011	F1112771	$119,999	$-9,901	-8%
February 01, 2012	F1112771	removed after 260 days
February 22, 2012	F1204508	$105,900	$-24,000	-18%
October 03, 2012	F1204508	removed after 224 days
December 10, 2012	F1228559	$89,000	$-40,900	-31%
January 05, 2013	F1228559	$85,900	$-44,000	-34%
January 25, 2013	F1228559	$79,990	$-49,910	-38%
February 15, 2013	F1228559	$77,000	$-52,900	-41%
March 02, 2013	F1228559	$74,900	$-55,000	-42%

Current Days on Market: 991 (2.72years)
Current ‘Official’ Days on Market: 86
2012 Assessment: $89,100
2011 Assessment: $91,300
Desperation Score: 28.2

This property has been listed for close to 3 years now and has had its price dropped 4 times already in 2013

CALIFORNIA-STYLE 2 LEVEL TOWNHOME! On the 2nd and 3rd levels of the building. Up the stairs to your hallway, then enter your foyer. Up a few stairs to the huge living and dining room area with sliding glass doors that lead to the sundeck. Your viewpoint is the spacious complex grassed yard area. The kitchen has been updated, very comfy. Up some more stairs to the full bathroom, storage area, and large master bedroom. Strata fees 280ish, no rental restrictions, pets allowed. Close to bus routes, shopping, freeway, and various recreational opportunities. Nice condition unit. * PREC – Personal Real Estate Corporation

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#2 ) Address:12540 62A AV, Panorama Ridge, Surrey

December 10, 2008	F2833210	$88,000	$0	0%
August 01, 2009	F2833210	removed after 234 days
March 03, 2013	F1304935	$49,900	$-38,100	-43%

No Picture

Current Days on Market: 3 (0.01years)
Current ‘Official’ Days on Market: 3
2012 Assessment: $11,800
2011 Assessment: $11,800
Desperation Score: 4.5

Must be sold with 12556 62A Avenue (MLS F1304934) and other lot 12548 62A Avenue (MLS F1304933). Great for Nursery or Hobby Farm. Contact City of Surrey to verify your options for this property.

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#1 ) Address:# 801 11980 222ND ST, West Central, Maple Ridge

July 23, 2008	V724132	$299,900	$0	0%
January 15, 2009	V724132	removed after 176 days
July 12, 2009	V776515	$209,000	$-90,900	-30%
December 09, 2010	V776515	$229,000	$-70,900	-24%
May 01, 2012	V776515	$199,000	$-100,900	-34%
May 31, 2012	V776515	removed after 1054 days
July 22, 2012	V963291	$199,900	$-100,000	-33%
September 11, 2012	V963291	$189,900	$-110,000	-37%
November 06, 2012	V963291	$174,900	$-125,000	-42%
February 28, 2013	V963291	$169,900	$-130,000	-43%

Current Days on Market: 1687 (4.62years)
Current ‘Official’ Days on Market: 227
2012 Assessment: $186,000
Desperation Score: 24.2

Listed since 2008 – over 4 and a half years!

“Gordon Towers” concrete highrise. Gorgeous mtn. view, 2 bedrooms, 2 baths, sundeck. Walk to town, shopping & transit.