Here are the top 20 most desperate properties. The formula attempts to determine the level of desperation for a particular home by looking at price drops and relistings and weighting them based on the size of the drop and how recently it happened. The number in brackets after the address shows the previous ranking from 3 weeks ago
- White Rock tops the list again with 4 (and a 5th in 21st spot), West Vancouver and Vancouver West have 3 each and Coquitlam, Burnaby and Surrey each have 2
- 6 of the homes on the list are new builds
- 9 of the 19 homes with assessment data are currently priced under assessment
By the way, 200th post! Wow that happened fast!
#20 ) Address:2885 WOODSIA PL, Westwood Plateau, Coquitlam (not ranked)
April 28, 2010 |
V825729 |
$948,000 |
$0 |
0% |
June 13, 2010 |
V825729 |
$868,000 |
$-80,000 |
-8% |
August 06, 2010 |
V825729 |
$838,000 |
$-110,000 |
-12% |
November 09, 2010 |
V825729 |
removed after 195 days |
February 10, 2011 |
V868373 |
$825,000 |
$-123,000 |
-13% |
April 28, 2011 |
V868373 |
removed after 77 days |
February 29, 2012 |
V933957 |
$821,000 |
$-127,000 |
-13% |
March 24, 2012 |
V933957 |
$809,000 |
$-139,000 |
-15% |
May 12, 2012 |
V933957 |
$799,900 |
$-148,100 |
-16% |
May 25, 2012 |
V933957 |
$789,000 |
$-159,000 |
-17% |
June 26, 2012 |
V933957 |
$779,000 |
$-169,000 |
-18% |
July 25, 2012 |
V933957 |
$769,000 |
$-179,000 |
-19% |
August 23, 2012 |
V933957 |
removed after 176 days |
August 30, 2012 |
V968578 |
$755,000 |
$-193,000 |
-20% |
October 02, 2012 |
V968578 |
$745,000 |
$-203,000 |
-21% |
October 30, 2012 |
V968578 |
$735,000 |
$-213,000 |
-22% |
November 27, 2012 |
V968578 |
removed after 89 days |
December 01, 2012 |
V981656 |
$719,000 |
$-229,000 |
-24% |
January 03, 2013 |
V981656 |
$699,900 |
$-248,100 |
-26% |
February 07, 2013 |
V981656 |
$689,900 |
$-258,100 |
-27% |
February 26, 2013 |
V981656 |
removed after 87 days |
March 01, 2013 |
V993200 |
$689,900 |
$-258,100 |
-27% |
March 23, 2013 |
V993200 |
$679,900 |
$-268,100 |
-28% |

Current Days on Market: 401 (1.10years)
Current ‘Official’ Days on Market: 35
2012 Assessment: $794,000
Desperation Score: 39.0
Over 4,000 sqft home on a quiet cul-de-sac. Loads of upgrades and expensive granite work in the kitchen. Grand foyer featuring high ceilings and an elegant stairways leading to the upper floor. Many features including granite countertops, formal dining room, family room and room for the kids play area. Upstairs are 3 large bedrooms with a huge master complete with walk-in closet and a 5 piece ensuite. Downstairs is everything the playful family could want with a media room, exercise room, games room and another bedroom if you require it.
#19 ) Address:420 N OXLEY ST, West Bay, West Vancouver (unlisted)
August 30, 2007 |
V665861 |
$1,695,000 |
$0 |
0% |
November 01, 2007 |
V665861 |
$1,639,000 |
$-56,000 |
-3% |
April 12, 2008 |
V665861 |
$1,595,000 |
$-100,000 |
-6% |
July 01, 2008 |
V665861 |
removed after 306 days |
October 22, 2008 |
V740232 |
$1,395,000 |
$-300,000 |
-18% |
March 03, 2009 |
V740232 |
$1,249,000 |
$-446,000 |
-26% |
April 27, 2009 |
V740232 |
removed after 187 days |
December 08, 2011 |
V921903 |
$4,840,000 |
$0 |
0% |
April 23, 2012 |
V921903 |
$4,498,000 |
$-342,000 |
-7% |
June 08, 2012 |
V921903 |
removed after 183 days |
June 13, 2012 |
V956135 |
$3,999,000 |
$-841,000 |
-17% |
October 22, 2012 |
V956135 |
removed after 131 days |
October 25, 2012 |
V977860 |
$3,488,000 |
$-1,352,000 |
-28% |
January 11, 2013 |
V977860 |
removed after 78 days |
March 29, 2013 |
V998134 |
$2,999,888 |
$-1,840,112 |
-38% |

Current Days on Market: 484 (1.33years)
Current ‘Official’ Days on Market: 7
2012 Assessment: $2,026,000
2011 Assessment: $1,855,000
Desperation Score: 39.2
Originally listed for 170% OVER assessment and now down 38% and $1.8 million but still 40% OVER assessment!
One of a kind~ 3 level 4 bed/3 bath/5 decks rebuilt West Coast contemporary home. Stunning details in every room of this unique house. This zen oasis boasts ocean views from almost every angle, professional landscape design with a private sitting area over Cave Creek. Elite gourmet kitchen with Bosch appliances, Caesarstone quartz countertops & custom cabinetry. Premium site finished oak floors, Radiant heat Italian tile in baths & throughout lower floor. 3 linear burn Marquis Collection fireplaces, spa-inspired ensuite, Rinnai tankless on-demand hot water system, Trane forced air furnace & heat pump, Extensive use of Hunter Douglas shades & California Closets, fully wired. You need to experience this home! By appointment only.
#18) Address:1136 DEVONSHIRE CR, Shaughnessy, Vancouver West (unlisted)
October 10, 2009 |
V792358 |
$2,150,000 |
$0 |
0% |
January 03, 2010 |
V792358 |
removed after 85 days |
March 07, 2010 |
V813507 |
$1,980,000 |
$-170,000 |
-8% |
April 20, 2010 |
V813507 |
removed after 44 days |
April 24, 2010 |
V824775 |
$1,798,000 |
$-352,000 |
-16% |
May 26, 2010 |
V824775 |
removed after 32 days |
August 20, 2011 |
V905968 |
$2,980,000 |
$0 |
0% |
August 31, 2011 |
V905968 |
$2,850,000 |
$-130,000 |
-4% |
October 17, 2011 |
V905968 |
removed after 58 days |
October 20, 2011 |
V916490 |
$2,690,000 |
$-290,000 |
-10% |
November 04, 2011 |
V916490 |
$2,980,000 |
$0 |
0% |
February 22, 2012 |
V916490 |
$2,690,000 |
$-290,000 |
-10% |
March 02, 2012 |
V916490 |
removed after 134 days |
March 08, 2012 |
V935909 |
$2,480,000 |
$-500,000 |
-17% |
April 18, 2012 |
V935909 |
removed after 41 days |
September 22, 2012 |
V972802 |
$2,990,000 |
$0 |
0% |
October 17, 2012 |
V972802 |
$2,880,000 |
$-110,000 |
-4% |
January 28, 2013 |
V972802 |
removed after 128 days |
February 01, 2013 |
V988156 |
$2,780,000 |
$-210,000 |
-7% |
March 13, 2013 |
V988156 |
removed after 40 days |
March 21, 2013 |
V996792 |
$2,680,000 |
$-310,000 |
-10% |

Current Days on Market: 354 (0.97 years)
Current ‘Official’ Days on Market: 15
2012 Assessment: $2,395,000
2011 Assessment: $2,436,000
Last Sale: $2,450,000 on Apr 20, 2012
Total Profit IF sold for list price: 132,640 transaction costs and 230,000 profit on sale = PROFIT of $97,360
Desperation Score: 39.5
Purchased in April 2012 for $2.45 million and relisted 5 months later for $540K more… I dug up the old listing and the renovations had already happened. Best part of the previous listing was this comment in the description “WELL PRICED AND BE HURRY!”. These flippers are in for a substantial loss
LOCATION, LOCATION. Charming character home in Shaughnessy area. Tastefully updated with new wood flooring & carpet. Designer cabinets in the foyer & dining area, stainless steel appliances. New kitchen, new bathrooms, designer paint. Gourmet kitchen with spacious eating area, skylights, sunroom, etc. North facing lot on quiet tree-lined street & southern exposure backyard. All measurements are approximate, buyer to verify if important.
#17 ) Address:13011 250TH ST, Websters Corner, Maple Ridge (unlisted)
February 05, 2011 |
V867510 |
$739,000 |
$0 |
0% |
May 01, 2011 |
V867510 |
removed after 85 days |
May 06, 2011 |
V886416 |
$699,000 |
$-40,000 |
-5% |
September 01, 2011 |
V886416 |
removed after 118 days |
September 23, 2011 |
V911968 |
$669,000 |
$-70,000 |
-9% |
January 31, 2012 |
V911968 |
$639,000 |
$-100,000 |
-14% |
March 06, 2012 |
V911968 |
$629,900 |
$-109,100 |
-15% |
June 13, 2012 |
V911968 |
$599,900 |
$-139,100 |
-19% |
September 01, 2012 |
V911968 |
removed after 344 days |
September 13, 2012 |
V970862 |
$599,000 |
$-140,000 |
-19% |
September 27, 2012 |
V970862 |
removed after 14 days |
September 29, 2012 |
V974231 |
$549,900 |
$-189,100 |
-26% |
October 18, 2012 |
V974231 |
$509,900 |
$-229,100 |
-31% |
November 01, 2012 |
V974231 |
$494,900 |
$-244,100 |
-33% |
November 17, 2012 |
V974231 |
$489,900 |
$-249,100 |
-34% |
December 28, 2012 |
V974231 |
removed after 90 days |
March 27, 2013 |
V997631 |
$409,900 |
$-329,100 |
-45% |

Current Days on Market: 790 (2.16years)
Current ‘Official’ Days on Market: 9
2012 Assessment: $525,000
2011 Assessment: $537,000
Desperation Score: 39.7
“Court Ordered Sale”, “no room bo build”, “Currently occupant has 2 large DOGS!! Do NOT go or walk on property without appointment! Over 20% BELOW assessment and has been listed for over 2 years
Court Ordered Sale – Alouette Estates. 1.77 acre property backing directly on steep ravine, cree, & forest. 15 yr old, 2 storey home featuring 4 bedrooms plus family room up, located on quiet C-D-S. Home floor plan is extremely narrow & requires updating throughout. 77,406 square foot lot, but only 8000 square foot building platform. Absolutely no room bo build larger home, shop or out buildings. Currently occupant has 2 large DOGS!! Do NOT go or walk on property without appointment from listing realtor. Property is SOLD on ‘as is, where is’ basis.
#16 ) Address:# 402 15164 PROSPECT AV, White Rock, White Rock (not ranked)
June 21, 2008 |
F2818600 |
$1,590,000 |
$0 |
0% |
December 20, 2008 |
F2818600 |
removed after 182 days |
February 27, 2009 |
F2903896 |
$1,275,000 |
$-315,000 |
-20% |
August 18, 2009 |
F2903896 |
$1,175,000 |
$-415,000 |
-26% |
January 03, 2010 |
F2903896 |
removed after 310 days |
January 08, 2010 |
F1000373 |
$1,175,000 |
$-415,000 |
-26% |
May 30, 2010 |
F1000373 |
removed after 142 days |
April 14, 2011 |
F1109675 |
$1,249,000 |
$-341,000 |
-21% |
June 03, 2011 |
F1109675 |
$1,179,000 |
$-411,000 |
-26% |
September 29, 2011 |
F1109675 |
removed after 168 days |
October 01, 2011 |
F1124483 |
$1,129,000 |
$-461,000 |
-29% |
March 31, 2012 |
F1124483 |
removed after 182 days |
August 21, 2012 |
F1221152 |
$927,900 |
$-662,100 |
-42% |
September 21, 2012 |
F1221152 |
$911,900 |
$-678,100 |
-43% |
October 24, 2012 |
F1221152 |
$889,900 |
$-700,100 |
-44% |
November 15, 2012 |
F1221152 |
removed after 86 days |
November 22, 2012 |
F1227769 |
$879,900 |
$-710,100 |
-45% |
December 13, 2012 |
F1227769 |
$867,900 |
$-722,100 |
-45% |
January 18, 2013 |
F1227769 |
$842,900 |
$-747,100 |
-47% |
February 15, 2013 |
F1227769 |
$832,900 |
$-757,100 |
-48% |
March 19, 2013 |
F1227769 |
$815,900 |
$-774,100 |
-49% |

Current Days on Market: 722 (1.98years)
Current ‘Official’ Days on Market: 134
2012 Assessment: $1,029,000
2011 Assessment: $1,052,000
Desperation Score: 40.2
Another home about to reach its second birthday in days on market and over 20% BELOW assessment after 49% in price cuts
Waterford Penthouse! An opportunity to enjoy south facing ocean view from this one of a kind 2000 + sqft, 3 bedroom/3 bath + den unit in concrete & steel framed condo. Bright & spacious open design featuring hardwood floors, kitchen custom stained cabinets, center work island, stainless steel appliances, granite counters, 2 fireplaces, 3 balconies affords views of Mt.Baker and ocean. Economical heating + A/C with individual heat pump, 2 parking + locker. Conveniently located, close to shops and transit. A perfect place to call home.
#15 ) Address:2688 CRESCENT DR, Crescent Beach/Ocean Park, White Rock (was #14)
June 21, 2008 |
F2818635 |
$1,799,500 |
$0 |
0% |
August 12, 2008 |
F2818635 |
$1,689,500 |
$-110,000 |
-6% |
October 09, 2008 |
F2818635 |
$1,629,500 |
$-170,000 |
-9% |
November 17, 2008 |
F2818635 |
removed after 149 days |
March 11, 2009 |
F2904712 |
$1,388,000 |
$-411,500 |
-23% |
May 06, 2009 |
F2904712 |
$1,299,000 |
$-500,500 |
-28% |
August 04, 2009 |
F2904712 |
removed after 146 days |
July 20, 2012 |
F1218804 |
$2,488,000 |
$0 |
0% |
August 01, 2012 |
F1218804 |
$2,399,000 |
$-89,000 |
-4% |
August 11, 2012 |
F1218804 |
$2,380,000 |
$-108,000 |
-4% |
September 21, 2012 |
F1218804 |
$2,188,000 |
$-300,000 |
-12% |
October 19, 2012 |
F1218804 |
$2,088,000 |
$-400,000 |
-16% |
October 26, 2012 |
F1218804 |
$1,998,000 |
$-490,000 |
-20% |
November 15, 2012 |
F1218804 |
$2,148,000 |
$-340,000 |
-14% |
February 19, 2013 |
F1218804 |
$2,088,000 |
$-400,000 |
-16% |
February 28, 2013 |
F1218804 |
$1,998,000 |
$-490,000 |
-20% |

Current Days on Market: 259 (0.71years)
Current ‘Official’ Days on Market: 259
2012 Assessment: $1,734,000
2011 Assessment: $1,654,000
Desperation Score: 40.3
Tried playing some yo-yo pricing games to no avail
CRESCENT HEIGHTS. Gated estate on 29,272 sqft lot. Charming home w/ 2 stoerys & full basement – 5,624 sqft. 4 beds all w/ walk-in closets, 4 baths, den & games room. Quality finishing’s hardwood floors, stain glass windows & more. Recent updates to kitchen w/cherry wood cabinets, stainless app., granite, plus large eating area overlooking backyard. Master suite w/sitting room & f/p. Full bsmt, partially finished w/separate entry, bdrm, bathrm & games – unfinished area for gym, wine cellar, etc. Private Southeast yard w/ pool, courtyard & beautiful gardens. Other updates include roof w/European gutters, downpipes & gutter box’s. One of the Peninsula’s best kept secrets “Crescent Drive” perched above Crescent Beach.
#14 ) Address:5411 MYTKO CR, Lackner, Richmond (was #12)
January 28, 2012 |
V928193 |
$1,238,000 |
$0 |
0% |
February 21, 2012 |
V928193 |
$1,188,000 |
$-50,000 |
-4% |
February 29, 2012 |
V928193 |
removed after 32 days |
March 08, 2012 |
V935980 |
$1,198,000 |
$-40,000 |
-3% |
April 19, 2012 |
V935980 |
removed after 42 days |
April 26, 2012 |
V945523 |
$1,188,000 |
$-50,000 |
-4% |
May 08, 2012 |
V945523 |
$1,098,000 |
$-140,000 |
-11% |
June 21, 2012 |
V945523 |
removed after 56 days |
June 30, 2012 |
V959431 |
$1,098,000 |
$-140,000 |
-11% |
September 20, 2012 |
V959431 |
removed after 82 days |
September 26, 2012 |
V973277 |
$1,088,000 |
$-150,000 |
-12% |
October 31, 2012 |
V973277 |
$1,038,000 |
$-200,000 |
-16% |
January 16, 2013 |
V973277 |
removed after 112 days |
January 18, 2013 |
V985725 |
$998,000 |
$-240,000 |
-19% |
March 12, 2013 |
V985725 |
$949,000 |
$-289,000 |
-23% |

Current Days on Market: 433 (1.19years)
Current ‘Official’ Days on Market: 77
2012 Assessment: $884,000
2011 Assessment: $900,000
Desperation Score: 40.8
“Priced to sell.” – a Richmond home listed for over assessment is generally not considered Priced to Sell…
Beautiful 5 bdrm home in Lackner area. Extensively renovated & well cared for by the owner. Designer paints, crystal chandeliers, S/S appliances, gourmet kitchen, new roof are just some of the features. Awesome floor plan on the main includes entertaining-sized family room, formal living & dining rooms & the 5th bedroom which can be an office or a den. 4 huge bedrooms upstairs. Nicely landscaped West exposed backyard with gated fence, easy access to public transit. Walking distance to Jessie Wowk Elem & Richmond Christian School. Double garage plus 2 parking space. Priced to sell. Just move in & enjoy. Open house Sunday, March 24th 2-4pm.
#13 ) Address:2 GROSVENOR AV, Capitol Hill, Burnaby (was #13)
August 30, 2012 |
V968525 |
$1,295,000 |
$0 |
0% |
September 20, 2012 |
V968525 |
$1,195,000 |
$-100,000 |
-8% |
November 03, 2012 |
V968525 |
$1,098,000 |
$-197,000 |
-15% |
November 28, 2012 |
V968525 |
removed after 90 days |
December 01, 2012 |
V981659 |
$1,098,000 |
$-197,000 |
-15% |
February 01, 2013 |
V981659 |
removed after 62 days |
February 28, 2013 |
V992684 |
$1,095,000 |
$-200,000 |
-15% |
March 07, 2013 |
V992684 |
$1,045,000 |
$-250,000 |
-19% |
March 13, 2013 |
V992684 |
$999,900 |
$-295,100 |
-23% |

Current Days on Market: 218 (0.60years)
Current ‘Official’ Days on Market: 36
2012 Assessment: $1,027,000
Desperation Score: 41.3
Another new build, this one down 23% and almost $300K in 6 months. I love the text in the front picture which tries to sell that there is a fire hydrant immediately in front of the house which would save so much on property insurance! Surprised they don’t mention the safety benefits of the stop sign…
Commentor youtoldus.so added “Reality is that that owner or guests can’t park in front of the house. Also note high voltage overhead power lines for easy access to electricity.” and Landbaron added “One of the pictures even says “new pole going in”…..even closer to the house now, sweet!”
CAPITOL HILL VIEW CORNER LOT built in 2012! This custom 2 storey with basement (& crawl) family home has 4 bedrooms & 3 bathrooms upstairs, plus a bedroom & spacious room for inlaws in the basement; with their own entrance. Den on main great for home office. Deluxe Bosch S/S appliances, granite counters, tile, two F/P’s plus heated floors for cozy warmth. Detached garage with lane access. Comes with balance of 2-5-10 warranty.
#12 ) Address:5968 MARINE DR, Eagleridge, West Vancouver (was #7)
October 26, 2011 |
V917255 |
$9,800,000 |
$0 |
0% |
November 15, 2011 |
V917255 |
$8,900,000 |
$-900,000 |
-9% |
February 01, 2012 |
V917255 |
$8,550,000 |
$-1,250,000 |
-13% |
March 31, 2012 |
V917255 |
removed after 157 days |
April 05, 2012 |
V941399 |
$7,900,000 |
$-1,900,000 |
-19% |
July 09, 2012 |
V941399 |
removed after 95 days |
July 13, 2012 |
V961757 |
$7,200,000 |
$-2,600,000 |
-27% |
August 22, 2012 |
V961757 |
$6,900,000 |
$-2,900,000 |
-30% |
January 10, 2013 |
V961757 |
removed after 181 days |
January 17, 2013 |
V985358 |
$6,900,000 |
$-2,900,000 |
-30% |
February 20, 2013 |
V985358 |
removed after 34 days |
February 28, 2013 |
V992869 |
$5,980,000 |
$-3,820,000 |
-39% |

Current Days on Market: 527 (1.44years)
Current ‘Official’ Days on Market: 36
2012 Assessment: $4,686,000
Desperation Score: 43.4
Almost $4 million in price drops and still 30% OVER assessment!
Magnificent Waterfront Luxury Home with spectacular Ocean and Island views and private oceanside terraces…Exceptional quality and design with many luxury appointments including gourmet kitchen, large Master Suite, three additionalbedroom suites, media room, wine room, elevator and covered outdoor heated sitting area with fireplace and hot tub…
#11 ) Address:14058 KING RD, Bolivar Heights, North Surrey (not ranked)
October 06, 2006 |
F2621883 |
$299,900 |
$0 |
0% |
November 10, 2006 |
F2621883 |
removed after 35 days |
March 16, 2007 |
F2706058 |
$299,000 |
$-900 |
0% |
June 08, 2007 |
F2706058 |
removed after 84 days |
July 14, 2007 |
F2718253 |
$289,000 |
$-10,900 |
-4% |
November 10, 2007 |
F2718253 |
$269,000 |
$-30,900 |
-10% |
March 12, 2008 |
F2718253 |
$264,000 |
$-35,900 |
-12% |
July 01, 2008 |
F2718253 |
removed after 353 days |
July 22, 2008 |
F2821958 |
$264,000 |
$-35,900 |
-12% |
October 31, 2008 |
F2821958 |
removed after 101 days |
January 16, 2009 |
F2900788 |
$260,000 |
$-39,900 |
-13% |
March 11, 2009 |
F2900788 |
removed after 54 days |
May 05, 2009 |
F2907898 |
$260,000 |
$-39,900 |
-13% |
January 03, 2010 |
F2907898 |
removed after 243 days |
January 13, 2010 |
F1000852 |
$255,000 |
$-44,900 |
-15% |
February 08, 2010 |
F1000852 |
removed after 26 days |
April 18, 2010 |
F1010467 |
$270,000 |
$-29,900 |
-10% |
May 12, 2010 |
F1010467 |
$257,000 |
$-42,900 |
-14% |
May 30, 2010 |
F1010467 |
removed after 42 days |
June 13, 2010 |
F1016128 |
$269,000 |
$-30,900 |
-10% |
June 16, 2010 |
F1016128 |
removed after 3 days |
June 22, 2010 |
F1017696 |
$259,900 |
$-40,000 |
-13% |
July 22, 2010 |
F1017696 |
$254,900 |
$-45,000 |
-15% |
November 01, 2010 |
F1017696 |
removed after 132 days |
January 25, 2011 |
F1101800 |
$250,000 |
$-49,900 |
-17% |
April 29, 2011 |
F1101800 |
removed after 94 days |
May 25, 2012 |
F1213537 |
$1,230,000 |
$0 |
0% |
June 23, 2012 |
F1213537 |
$998,875 |
$-231,125 |
-19% |
July 16, 2012 |
F1213537 |
removed after 52 days |
August 11, 2012 |
F1220515 |
$985,000 |
$-245,000 |
-20% |
November 23, 2012 |
F1220515 |
$899,000 |
$-331,000 |
-27% |
February 01, 2013 |
F1220515 |
removed after 174 days |
February 09, 2013 |
F1303122 |
$870,000 |
$-360,000 |
-29% |
March 16, 2013 |
F1303122 |
$849,900 |
$-380,100 |
-31% |
March 27, 2013 |
F1303122 |
removed after 46 days |
April 02, 2013 |
F1307387 |
$799,000 |
$-431,000 |
-35% |

Current Days on Market: 315 (0.86years)
Current ‘Official’ Days on Market: 3
2012 Assessment: $784,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 44.5
NO HST 5400 sq.ft Living space on 11,000 sq.ft LOT Custom BUILT in 2012 for LARGE family, check out the VIEWS from 4 four balconies from the upstairs bedrooms give you plenty of opportunities to take advantage of the views. 9 bdrms total 4 large bedrooms all having ensuite bathrooms. Bonus Guest room w/ensuite on main+DEN. Downstairs features 400+sq.ft Theatre Room under SUSPENDED SLAB. TWO large 2+2 bdrm ABOVE GROUND unauth.bsment suites. Walking distance to IQRA Islamic school, easy access South perimiter Road, Bridges. * PREC – Personal Real Estate Corporation
#10 ) Address:16021 27A AV, Grandview Surrey, White Rock (was #8)
June 19, 2008 |
F2818337 |
$559,900 |
$0 |
0% |
January 02, 2009 |
F2818337 |
removed after 197 days |
September 23, 2009 |
F2921545 |
$439,900 |
$-120,000 |
-21% |
November 22, 2009 |
F2921545 |
removed after 60 days |
March 26, 2011 |
F1107881 |
$1,250,000 |
$0 |
0% |
August 09, 2011 |
F1107881 |
removed after 136 days |
November 16, 2011 |
F1127782 |
$1,250,000 |
$0 |
0% |
December 28, 2011 |
F1127782 |
removed after 42 days |
January 07, 2012 |
F1200374 |
$1,250,000 |
$0 |
0% |
April 03, 2012 |
F1200374 |
removed after 87 days |
April 04, 2012 |
F1208406 |
$1,250,000 |
$0 |
0% |
June 02, 2012 |
F1208406 |
$1,238,000 |
$-12,000 |
-1% |
June 29, 2012 |
F1208406 |
$1,199,000 |
$-51,000 |
-4% |
July 25, 2012 |
F1208406 |
removed after 112 days |
July 26, 2012 |
F1219246 |
$1,199,000 |
$-51,000 |
-4% |
October 26, 2012 |
F1219246 |
removed after 92 days |
November 02, 2012 |
F1226682 |
$1,299,900 |
$0 |
0% |
December 04, 2012 |
F1226682 |
$1,199,000 |
$-100,900 |
-8% |
January 01, 2013 |
F1226682 |
removed after 60 days |
January 06, 2013 |
F1300213 |
$1,188,000 |
$-111,900 |
-9% |
February 05, 2013 |
F1300213 |
removed after 30 days |
February 09, 2013 |
F1303060 |
$1,188,237 |
$-111,663 |
-9% |
March 06, 2013 |
F1303060 |
$1,120,000 |
$-179,900 |
-14% |
March 16, 2013 |
F1303060 |
$1,148,837 |
$-151,063 |
-12% |

Current Days on Market: 741 (2.03years)
Current ‘Official’ Days on Market: 55
2012 Assessment: $1,212,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 44.9
More yo-yo pricing… note to owners, that doesn’t work in down markets. All it does is lose you potential sales in a rapidly dwindling potential buyer pool
Custom elegance, owner builder, 5 bdrm, 5 bath home has unobstruceted view of mountains, pond and valley, superior quality construction and finishing, 18′ ceilings contemporary floor plan hardwood floor throughout, large entertainment sized kitch, granite counters, deluxe Fisher Paykel appliances, bright open great room with fireplace, 3 bdrm, 3 bath above, fully finished 9 ft. walkout basement has media and games room, 2 large bedrooms plus 2 full bath. Double car garage. Heat pump (air conditioning) in ground sprinkler. Steps to South Ridge school & new elementary, Morgan Crossing and Grandview Shopping. * PREC – Personal Real Estate Corporation
#9 ) Address:2276 MADRONA PL, King George Corridor, White Rock (not ranked)
September 11, 2010 |
F1023395 |
$339,900 |
$0 |
0% |
September 22, 2010 |
F1023395 |
$354,900 |
$0 |
0% |
November 02, 2010 |
F1023395 |
removed after 52 days |
January 13, 2012 |
F1200928 |
$988,000 |
$0 |
0% |
March 31, 2012 |
F1200928 |
removed after 78 days |
April 05, 2012 |
F1208485 |
$900,000 |
$-88,000 |
-9% |
April 20, 2012 |
F1208485 |
$925,000 |
$-63,000 |
-6% |
June 30, 2012 |
F1208485 |
removed after 86 days |
July 07, 2012 |
F1217533 |
$988,000 |
$0 |
0% |
August 31, 2012 |
F1217533 |
$986,000 |
$-2,000 |
0% |
October 03, 2012 |
F1217533 |
removed after 88 days |
October 10, 2012 |
F1225064 |
$986,000 |
$-2,000 |
0% |
November 23, 2012 |
F1225064 |
$968,000 |
$-20,000 |
-2% |
January 01, 2013 |
F1225064 |
removed after 83 days |
January 06, 2013 |
F1300215 |
$958,000 |
$-30,000 |
-3% |
February 21, 2013 |
F1300215 |
$898,800 |
$-89,200 |
-9% |
March 08, 2013 |
F1300215 |
$998,800 |
$0 |
0% |
March 13, 2013 |
F1300215 |
$949,900 |
$-48,900 |
-5% |
March 21, 2013 |
F1300215 |
$899,900 |
$-98,900 |
-10% |

Current Days on Market: 448 (1.23years)
Current ‘Official’ Days on Market: 89
2012 Assessment: $955,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 45.3
And more yo-yo’s… Still listed higher than it was in February after 2 price drops in March
Built by Marquis Homes. Brand new 2 storey and finished basement home. 19′ ceilings in great room. 10′ high ceiling on main floor and 9′ on other 2 floors. Den on main. 2 master bedrooms, one on main floor and 2nd on upper floor. Finest finishing with wide baseboards and crown moldings. Quartz countertops. Fully finished basement with separate entry. Roughed in for heat pump and air conditioning. Walking distance to shops. 2-5-10 years National Home Warranty. Price does not include GST/HST
#8 ) Address:5520 MCCOURT RD, Sechelt, Sunshine Coast (not ranked)
July 12, 2012 |
V961527 |
$1,700,000 |
$0 |
0% |
August 04, 2012 |
V961527 |
$1,600,000 |
$-100,000 |
-6% |
August 24, 2012 |
V961527 |
$1,500,000 |
$-200,000 |
-12% |
September 27, 2012 |
V961527 |
$1,400,000 |
$-300,000 |
-18% |
October 26, 2012 |
V961527 |
$1,300,000 |
$-400,000 |
-24% |
February 13, 2013 |
V961527 |
$1,200,000 |
$-500,000 |
-29% |
March 20, 2013 |
V961527 |
$1,100,000 |
$-600,000 |
-35% |

Current Days on Market: 267 (0.73years)
Current ‘Official’ Days on Market: 267
2012 Assessment: Unknown
Desperation Score: 45.6
Beautiful view property in West Sechelt. The remaining 2.1 acres of ocean view, looking south to the Trail Islands, could accommodate 40 more condo/apartment homes. Zoning approved for 48 units of which 8 have been built and sold in Phase One. (90% of the underground services are in place).
#7 ) Address:2656 W 41ST AV, Kerrisdale, Vancouver West (was #4)
June 18, 2010 |
V837762 |
$929,000 |
$0 |
0% |
August 13, 2010 |
V837762 |
removed after 56 days |
March 04, 2012 |
V935348 |
$2,488,000 |
$0 |
0% |
April 11, 2012 |
V935348 |
$2,388,000 |
$-100,000 |
-4% |
April 24, 2012 |
V935348 |
$2,260,000 |
$-228,000 |
-9% |
May 23, 2012 |
V935348 |
$1,998,000 |
$-490,000 |
-20% |
May 28, 2012 |
V935348 |
removed after 85 days |
May 31, 2012 |
V953373 |
$1,955,000 |
$-533,000 |
-21% |
June 25, 2012 |
V953373 |
removed after 25 days |
June 29, 2012 |
V959234 |
$1,880,000 |
$-608,000 |
-24% |
September 07, 2012 |
V959234 |
removed after 70 days |
October 05, 2012 |
V975091 |
$2,295,000 |
$-193,000 |
-8% |
November 13, 2012 |
V975091 |
removed after 39 days |
November 16, 2012 |
V980268 |
$2,088,000 |
$-400,000 |
-16% |
February 01, 2013 |
V980268 |
removed after 77 days |
February 23, 2013 |
V992255 |
$1,999,000 |
$-489,000 |
-20% |

Current Days on Market: 397 (1.09years)
Current ‘Official’ Days on Market: 41
2012 Assessment: $1,945,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 45.9
New build in Kerrisdale still above the pricing from last June where it didn’t sell. If it didn’t sell for $1.88 million last June then it won’t sell for $1.7 million today
Brand new family home in the heart of Kerrisdale. 2-5-10 year warranty. Extra deep 33×134′ lot. Extremely quiet inside. Light, bright & airy; overheight ceilings with skylights throughout. Top of the line appliances: Viking, Miele, Bosch. Beautiful dream kitchen perfect for entertaining or great family moments. Floor to ceiling glass sliding doors off kitchen area brings the outdoors in. Meticulous attention to detail from designer tiles to restoration hardware touches. All upstairs bedrooms are ensuite. 2 bdrm basement can be suited w/own laundry. A must see at this spectacular value. Kerrisdale Elem & Pt. grey Sec catchment. Also close to best private schools: Crofton House, St. Georges. HST included.
#6 ) Address:918 CHARLAND AV, Coquitlam West, Coquitlam (was #11)
March 02, 2012 |
V934552 |
$1,599,000 |
$0 |
0% |
March 29, 2012 |
V934552 |
$1,499,000 |
$-100,000 |
-6% |
April 24, 2012 |
V934552 |
removed after 53 days |
April 27, 2012 |
V945850 |
$1,399,000 |
$-200,000 |
-13% |
July 24, 2012 |
V945850 |
removed after 88 days |
July 27, 2012 |
V963884 |
$1,198,000 |
$-401,000 |
-25% |
September 17, 2012 |
V963884 |
removed after 52 days |
September 24, 2012 |
V973236 |
$1,299,000 |
$-300,000 |
-19% |
January 01, 2013 |
V973236 |
removed after 99 days |
February 13, 2013 |
V990161 |
$1,299,800 |
$-299,200 |
-19% |
March 04, 2013 |
V990161 |
removed after 19 days |
March 10, 2013 |
V994795 |
$1,198,000 |
$-401,000 |
-25% |
April 03, 2013 |
V994795 |
$1,148,000 |
$-451,000 |
-28% |

Current Days on Market: 399 (1.09years)
Current ‘Official’ Days on Market: 26
2012 Assessment: $1,151,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 48.3
Natalie let us know 2 weeks ago that this unit was “on HOLD ALL ACTION as of March 18.” but has now gone through another price drop. Who builds a home with 9 bedrooms, 8 bathrooms and 4 kitchens in Coquitlam???
LOCATION – LOCATION – LOCATION (across from the Vancouver Golf Club). Features: floor to ceiling windows, 9 bedrooms, 8 bathrooms, 4 kitchens. There are two Brand New Suites: a two bdrm. suite and a one bdrm suite down. Recently renovated home with a new addition and with permits. Work done in 2007 & 2008. Lane access, private yard. Impressive 16 ft floor to ceiling windows that face private yard, hardwood, two stairways to upstairs, open concept living with huge kitchen, lots of parking and with a gated driveway. Best price per square foot. Great revenue or bed and breakfast opportunity. Hot! Hot! Hot!
#5 ) Address:14120 TRITES RD, Panorama Ridge, Surrey (was #3)
February 12, 2012 |
F1203674 |
$1,980,000 |
$0 |
0% |
March 22, 2012 |
F1203674 |
removed after 39 days |
March 23, 2012 |
F1207274 |
$1,189,900 |
$-790,100 |
-40% |
June 23, 2012 |
F1207274 |
$1,139,000 |
$-841,000 |
-42% |
August 02, 2012 |
F1207274 |
removed after 132 days |
August 04, 2012 |
F1220063 |
$1,089,000 |
$-891,000 |
-45% |
September 27, 2012 |
F1220063 |
$1,039,000 |
$-941,000 |
-48% |
November 17, 2012 |
F1220063 |
$999,000 |
$-981,000 |
-50% |
December 31, 2012 |
F1220063 |
removed after 149 days |
January 13, 2013 |
F1300826 |
$949,000 |
$-1,031,000 |
-52% |
March 13, 2013 |
F1300826 |
$899,000 |
$-1,081,000 |
-55% |

Current Days on Market: 418 (1.15years)
Current ‘Official’ Days on Market: 82
2012 Assessment: $1,003,000
2011 Assessment: $1,017,000
Desperation Score: 48.9
This property has made the various lists many times and is now down 55% from the absurd $1.98 million price from a year ago
PANORAMA RIDGE – Private Estate – 5191 SQFT, 1.41 ACRE – 2 Storey w/Basement. Great STREET APPEAL. Situated on a very private, treed road. Spacious floor plan with 20′ vaulted ceilings in both family & living room (features grand stone fireplace), hardwood & tile flooring througout main. Large ‘gourmet’ kitchen + additional spice kitchen & large W/I pantry. Up – Large Master with private patio, full ensuite & soaker tub, an additional 4 oversized bedrooms are also located upstairs. Down – is currently partially finished, potential for optional media/recreation and/or gym. Back – features a very private view of the valley + densely treed location. Call now to arrange a viewing. * PREC – Personal Real Estate Corporation
#4 ) Address:6080 MARINE DR, Big Bend, Burnaby (unlisted)
December 06, 2007 |
V671697 |
$498,000 |
$0 |
0% |
January 01, 2008 |
V671697 |
removed after 26 days |
November 06, 2009 |
V796326 |
$1,260,000 |
$0 |
0% |
January 19, 2010 |
V796326 |
$1,190,000 |
$-70,000 |
-6% |
May 01, 2010 |
V796326 |
removed after 176 days |
September 26, 2010 |
V851901 |
$1,299,000 |
$0 |
0% |
January 01, 2011 |
V851901 |
removed after 97 days |
January 20, 2011 |
V864163 |
$1,299,000 |
$0 |
0% |
March 04, 2011 |
V864163 |
$1,250,000 |
$-49,000 |
-4% |
April 01, 2011 |
V864163 |
removed after 71 days |
April 07, 2011 |
V880269 |
$1,249,000 |
$-50,000 |
-4% |
July 03, 2011 |
V880269 |
removed after 87 days |
July 08, 2011 |
V898456 |
$999,000 |
$-300,000 |
-23% |
July 27, 2011 |
V898456 |
$1,160,000 |
$-139,000 |
-11% |
August 04, 2011 |
V898456 |
removed after 27 days |
October 12, 2012 |
V976180 |
$1,749,000 |
$0 |
0% |
October 16, 2012 |
V976180 |
$1,849,000 |
$0 |
0% |
October 26, 2012 |
V976180 |
$1,649,000 |
$-200,000 |
-11% |
October 30, 2012 |
V976180 |
$1,428,000 |
$-421,000 |
-23% |
November 03, 2012 |
V976180 |
$1,350,000 |
$-499,000 |
-27% |
January 25, 2013 |
V976180 |
$1,250,000 |
$-599,000 |
-32% |
March 05, 2013 |
V976180 |
removed after 144 days |
March 22, 2013 |
V997055 |
$1,150,000 |
$-699,000 |
-38% |
March 29, 2013 |
V997055 |
$1,198,000 |
$-651,000 |
-35% |

Current Days on Market: 175 (0.48years)
Current ‘Official’ Days on Market: 14
2012 Assessment: $1,081,000
2011 Assessment: $1,045,000
Last Sale: $1,070,000 on July/2011
Total Profit IF sold for list price: 62,200 transaction costs and 128,000 profit on sale = PROFIT of $65,800
Desperation Score: 49.5
They buy this place for $1.07 million and then a year later list it for $1.849 million. The morons are now down to $1.15 million – oh wait, they just RAISED the price!!! Great plan, it will help ensure that you lose even more money
Not to be missed! Don’t let address fool you! Quiet, serene section of Marine Dr. Huge house, huge lot, great layout and scheme. Hardwood on main, custom kitchen w/ stainless steel appliances, granite counters, custom cabinets overlooking large dining area and backyard. Large bedrooms, ensuites, cozy living area. Private, park-like setting yard. RV parking available. All amenities within reach, all in Burnaby! Can’t beat it! Bonus – 2 separate self contained mortgage helpers! All meas approx and to be verified. Call Ken for your personal tour.
#3 ) Address:5726 ANGUS DR, South Granville, Vancouver West (unlisted)
April 03, 2010 |
V819583 |
$1,999,000 |
$0 |
0% |
April 27, 2010 |
V819583 |
$1,799,000 |
$-200,000 |
-10% |
June 29, 2010 |
V819583 |
removed after 87 days |
August 22, 2010 |
V846838 |
$1,698,000 |
$-301,000 |
-15% |
November 19, 2010 |
V846838 |
removed after 89 days |
November 21, 2012 |
V980736 |
$2,888,000 |
$0 |
0% |
February 21, 2013 |
V980736 |
$2,688,000 |
$-200,000 |
-7% |
March 12, 2013 |
V980736 |
removed after 111 days |
March 21, 2013 |
V996799 |
$1,999,000 |
$-889,000 |
-31% |
March 27, 2013 |
V996799 |
$2,788,000 |
$-100,000 |
-3% |
March 29, 2013 |
V996799 |
$2,288,000 |
$-600,000 |
-21% |

Current Days on Market: 135 (0.37years)
Current ‘Official’ Days on Market: 15
2012 Assessment: $2,019,000
2011 Assessment: $2,167,000
Desperation Score: 49.7
So many grammar mistakes that I won’t bother to point them out. They drop the price below $2 million and state that “All offers to be submitted by March 22nd before 6 PM”. Unfortunately nobody comes so they raise the price by $800K before dropping it by $500K 2 days later. “House needs refurbishment”…
SOUTH GRANVILLE – THIS IS AN EXCELLENT OPPORTUNITY to Hold, RENOVATED or BUILD YOUR DREAM HOME, Surrounded by Many Multi Millions Dollars Luxury Homes. Located in the most desirable South Granville area. LARGE level 75’5 x 127′ (almost 10,000 sq ft) LOT on the corner of Angus Dr. & W. 41st Ave, Close to the best public & private schools, park, recreation, restaurant & Kerrisdale Village shopping. Schools Catchment: Maple Grove Elementary, Magee Secondary School. Value is in the land only. This property is being sold in “as is, where is” condition. House needs refurbishment. All offers to be submitted by March 22nd before 6 PM.
#2 ) Address:12958 COULTHARD RD, Panorama Ridge, Surrey (was #6)
May 05, 2009 |
F2906473 |
$1,898,000 |
$0 |
0% |
October 31, 2009 |
F2906473 |
removed after 179 days |
February 06, 2010 |
F1003379 |
$1,628,000 |
$-270,000 |
-14% |
April 19, 2010 |
F1003379 |
removed after 72 days |
April 22, 2010 |
F1010773 |
$1,425,000 |
$-473,000 |
-25% |
June 26, 2010 |
F1010773 |
$1,375,000 |
$-523,000 |
-28% |
July 29, 2010 |
F1010773 |
removed after 98 days |
October 19, 2010 |
F1025971 |
$1,275,000 |
$-623,000 |
-33% |
January 21, 2011 |
F1025971 |
$1,450,000 |
$-448,000 |
-24% |
February 27, 2011 |
F1025971 |
removed after 131 days |
April 07, 2011 |
F1109040 |
$1,888,000 |
$-10,000 |
-1% |
July 23, 2011 |
F1109040 |
$1,698,000 |
$-200,000 |
-11% |
September 21, 2011 |
F1109040 |
$1,578,000 |
$-320,000 |
-17% |
October 14, 2011 |
F1109040 |
removed after 190 days |
November 11, 2011 |
F1127590 |
$2,180,000 |
$0 |
0% |
March 02, 2012 |
F1127590 |
$1,998,000 |
$-182,000 |
-8% |
May 05, 2012 |
F1127590 |
removed after 176 days |
May 09, 2012 |
F1212060 |
$1,880,000 |
$-300,000 |
-14% |
August 01, 2012 |
F1212060 |
removed after 84 days |
August 04, 2012 |
F1220026 |
$1,780,000 |
$-400,000 |
-18% |
September 08, 2012 |
F1220026 |
$1,688,000 |
$-492,000 |
-23% |
December 09, 2012 |
F1220026 |
removed after 127 days |
January 19, 2013 |
F1301213 |
$1,588,000 |
$-592,000 |
-27% |
February 19, 2013 |
F1301213 |
$1,498,000 |
$-682,000 |
-31% |
March 28, 2013 |
F1301213 |
$1,398,000 |
$-782,000 |
-36% |

Current Days on Market: 1431 (3.92years)
Current ‘Official’ Days on Market: 76
2012 Assessment: $1,377,000
2011 Assessment: $1,237,000
Desperation Score: 50.2
As we found last time: MORE LIES!!! They claim in their description that it is currently rented for $6500/month and that the renter could stay after sale. I even commented in the Weekly Drop on February 25th that I was surprised that it had been rented out at such a high amount (despite this still being a poor CAP rate basically anywhere else in the world). Well check out Craigslist where it is still there, where it has been pretty much constantly for at least a year asking for $4750/month and now it is down to $4500 in the advertisement!!!
Spectacularly built private Georgian brick mansion located in exclusive Panorama Ridge with water & mountain views. Everything is high end in this home. Exotic Rosewood & Brazilian Cherry wide plank flooring compliment high ceilings with beautiful crown molding. Elegant double staircases create easy access from the main floor in this stunning open concept home. Large gourmet kitchen, perfect for entertaining + wok kitchen with quality appliances. Your guests enjoy their own private access. Driveway has been prewired for entrance gates. Make this luxurious house your home with a true half acre for your family to enjoy. Rented at $6500 per month, negotiable to stay on after sale. Vendor take back mgt possible short term.
#1 ) Address:4611 WOODBURN RD, Cypress Park, West Vancouver (was #1)
March 15, 2012 |
V937107 |
$3,388,000 |
$0 |
0% |
April 11, 2012 |
V937107 |
$3,188,000 |
$-200,000 |
-6% |
April 24, 2012 |
V937107 |
$2,888,000 |
$-500,000 |
-15% |
May 01, 2012 |
V937107 |
$2,688,000 |
$-700,000 |
-21% |
June 29, 2012 |
V937107 |
removed after 106 days |
July 02, 2012 |
V959849 |
$2,398,000 |
$-990,000 |
-29% |
August 10, 2012 |
V959849 |
$2,198,000 |
$-1,190,000 |
-35% |
October 01, 2012 |
V959849 |
removed after 91 days |
October 06, 2012 |
V975394 |
$1,999,999 |
$-1,388,001 |
-41% |
January 31, 2013 |
V975394 |
$1,888,000 |
$-1,500,000 |
-44% |
February 13, 2013 |
V975394 |
$1,788,000 |
$-1,600,000 |
-47% |
March 28, 2013 |
V975394 |
removed after 173 days |
March 31, 2013 |
V998474 |
$1,790,000 |
$-1,598,000 |
-47% |

Current Days on Market: 386 (1.06years)
Current ‘Official’ Days on Market: 5
2012 Assessment: $2,481,000
2011 Assessment: $2,279,000
Desperation Score: 58.1
Sorry, changing the picture and raising the price by $2K isn’t going to change anything… Your pricing was completely ridiculous and greedy at a time when people were buying these types of homes and now that nobody is you are probably going to sell the place for more than $1 million less than you could have in early 2012
Enter a magnificently private 400 foot driveway & discover a stylish contemporary home seamlessly constructed into an impressive rock bluff. Substantially renovated in 2000, this 3 Bed/3 Bath over 5,700 sq ft home has some of West Van’s most expansive ocean views. The home is blessed with oversized rooms throughout, soaring vaulted ceilings, all day sunshine, a renovated kitchen & master bath and an indoor pool. The 1.35 acre gated property is truly astonishing & offers privacy seldom found in West Van today. A great lower level equipped with a bar as well as a triple garage complete the package. Walk to Caulfeild and Rockridge Secondary! Hard to find a house this large with such impressive views at this price.
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Holy Cow! Isn’t the owner of #1 the Royal Princess of Siam?
The purchase price in the 90’s in that area was around $400k-$500k.
They have a crucifix on the master bedroom wall. Jesus is not going to be very pleased with all that idolatry.
I love the way they changed the picture. Nothing like a photo of the realturds hummer parked under a mold covered car port to make you want to part with a couple of mill. Seriously people, get a scrubbing brush or use a different shot.
I didn’t notice the cross in the master but I did notice the conflicting imagery in the living room with all the buddhist and hindu statuary and the nice big leather couches. Have to cover all the bases I guess; if we look closely maybe there’s a copy of the Koran hiding somewhere.
I don’t get the outside picture at all – it looks like a petrol station in front of the house. Very grey also, I first thought it was snow covered. Definitely breaking the trend in West Van where most houses are shot at dusk.
Shot at dusk with all the lights on…
#3 – Angus Dr. The Realtor listing for April 2010 can still be reached: http://www.vancouverresidence.com/11206-5726-angus-dr.html# . It has interior shots and it looks nice. I wonder what happened between 2010 and 2013 so that it now requires ‘refurbishment’ to the extent that they cannot show any interior shots.
#8 – McCourt Rd, Sechelt. I walked around this townhouse development back in 2009-10. Of the units built, there was still one that hadn’t sold. They looked nice. I have been following the RE listing on the SC and am noticing many developers putting up for sale the land for Phase 2, etc of their projects. There are too many units from the first phases unsold. They have over built on the SC and are now chasing too few buyers. Many recent projects aren’t even bothering to build spec homes – just flogging the lots (e.g. Parkland in Gibsons). It’s not looking good and, yet, there are new development proposals being presented to the public for review – crazy. I guess these developers feel its different where and what they want to build.
If you want more evidence of the state of RE on the Sunshine Coast, check out Wharf Place in Sechelt. A 24 unit condo building, completing this month. 22 units for sale on MLS!
I was actually on the project’s website a few days ago having a look (http://wharfplace.com/). If you go to SC Realtor Gary Little’s interactive map here (http://www.garylittle.ca/map.html) and zoom in to that development you will discover that they have dropped the price on all the units by at least $20,000 and even more. Just look at how much is on the market in the core area of Sechelt alone – it’s crazy. There is another strata townhouse development not far away at 5778 Marine Way that has some of the units listed on a Foreclosure website. I am sure there are going to be many more developments following the same path.
Love the site, thanks for all your hard work Observer. I have some info on #16 in White Rock. My parents were looking at it two years ago when it was listed for 1.25m. They offered 1.1m and were rejected. Basically the owner purchaed the property new in 2006 for just over $950,000. Rented it out for 4k/month till 2011. The owner refinanced the property based off an assessment done in 2010 for 1.5m. Then took off overseas. Now it is owned by one of the “big 5”, which is why you see the regular price drops aka.. following the market down. Crazy to think this property is actually down substantially, after 7 years. This might be a rare accurance, but it’s going to be the norm. I am 26 years old, huge real estate bear. I feel bad for people my age who have been pressured into purchasing the “first world” dream. The demographics are pretty simple, and it’s easy to take a step back and understand why almost every first world country has had a real estate bubble and subsequent pop. Baby boomers in their peak earning years with access to easy money. Sorry for the rant…. numbers might not be exact above so don’t quote me, but it’s relatively close. Hopefully you found this useful 🙂
Appreciate your input, TR3. It complements the good job of our host, observer”. Thanks, guys.
Some great stuff here, thanks!
One suggestion I would add is to factor in some weight to how low the list price is relative to assessed value. I realize assessed value far from perfect, but people who are listing way above assessed value may not be desperate but just fishing for suckers. Those listing well-below are probably quite desperate.
#11 is handy because it is walking distance to Iqra Islamic school. Oh wait, I do not have Islamic children.
#11 looks like if we give it a good shove it will fall into the ravine….
No kidding, a few too many people in the living room and it’ll flip over!
2885 WOODSIA PL, Westwood Plateau, Coquitlam is a former grow-op. Re-occupancy permit was issued in 2005. It is in foreclosure now. It is almost impossible now to finance former grow-ops even with more that 20% down. There are only smaller credit unions that still provide financing on former grow-ops. Bank do not touch these. I would have been sold by now for that price if it would be a clean house.
I actually love #6. You can sleep, crap, and eat within feet of each other!
It’s called density people
Err, I’m no construction expert but this would give me pause:
“Theatre Room under SUSPENDED SLAB…TWO large 2+2 bdrm ABOVE GROUND unauth.bsment suites.”
WTF is with the capitalized words, and what is an ABOVE GROUND bsmnt suite??
RE: #9
Oops, meant #11…wobbly pops kicking in
An above ground basement suite is exactly that…a suite in a basement that is above ground rather than dug into the ground. Typically, you will find these in what is termed a “basement entry” home. This is the style of home that you enter through the front door and go up stairs to your main living areas such as the kitchen, dining room, living room and bedrooms. The lower, entry floor which is below the main floor is the basement.
#11 seems to have undergone a miraculous transformation in 15months from 25th Jan 2011 to merit an increase of almost $1,000,000 and what “greed index” was used. Further, all mosques in Islamic countries use mega-watt loudspeakers to call the faithful to prayers. So nice to be near and hear every decibel of it – at 5am!
It’s a ‘new’ build, therefore wires hanging out of the walls, ghetto blaster in the living room, and views of a rail yard mean big cash.
RE: 918 Charland Hold Action was removed March 22. I didn’t notice before but the seller is a licensed realtor.
Fine work to get all this info, not sure why a structure in and around Vancouver, cost as much as it does.
There are city’s in this world that are better, and realetstate cost a 1/3 of Vancouver.
Maybe someone can tell me why Vancouver, has the house prices it does?
Not asking those who have never been anywhere else, I understand for you Vancouver, or nothing.
I am asking people who have lived at different city’s around the world.
Hank
There’s a Yoyo Land theme park in a mall in Thailand. I was half-expecting the Google search result to be Vancouver.
http://malcolmsdownundertrip.blogspot.ca/2012/01/yoyo-land.html
(I know. I’m easily amused at times.)