Vancouver Price Drop

Documenting Vancouver real estate price movements

Monthly Archives: June 2013

Vancouver East Spotlight – June 12, 2013

Here are the top 10 most desperate properties in Vancouver East.

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.


#10 ) Address:3337 WORTHINGTON DR, Renfrew Heights, Vancouver East

October 22, 2011 V916805 $799,800 $0 0%
November 05, 2011 V916805 $770,000 $-29,800 -4%
December 09, 2011 V916805 removed after 48 days
December 14, 2012 V982560 $1,798,000 $0 0%
January 25, 2013 V982560 removed after 42 days
February 03, 2013 V988380 $1,599,000 $-199,000 -11%
May 28, 2013 V988380 removed after 114 days
June 02, 2013 V1010150 $1,488,000 $-310,000 -17%

v1010150_1

Current Days on Market: 181 (0.50years)
Current ‘Official’ Days on Market: 11
2012 Assessment: Building Unfinished
2011 Assessment: $723,100
Desperation Score: 27.4

This new build is down $310K and 17% in the last 4 and a half months

Brand new top quality luxurious 3 level house in popular Renfrew Heights. Total 6 bedrooms, 6 full baths, gourmet kitchen & wok kitchen, air conditioning, HRV & security system. Beautiful views of Northshore mountains & unobstructed view of Falasic Park. Close to shopping, Superstore, Walmart, Canadian Tire & Renfrew skytrain station. 2-5-10 year new home warranty. GST included. All measurement approx. Public open house on June 09, 2013, 2pm – 4pm.


#9 ) Address:4794 FRASER ST, Fraser, Vancouver East

October 06, 2006 V606719 $419,000 $0 0%
October 07, 2006 V606719 removed after 1 days
May 16, 2007 V647632 $649,000 $0 0%
May 30, 2007 V647632 removed after 14 days
November 04, 2011 V918227 $825,000 $0 0%
January 10, 2012 V918227 $898,100 $0 0%
January 16, 2012 V918227 removed after 73 days
May 28, 2012 V952925 $899,000 $0 0%
June 06, 2012 V952925 $849,000 $-50,000 -6%
June 22, 2012 V952925 removed after 25 days
July 13, 2012 V961812 $859,000 $-40,000 -4%
August 11, 2012 V961812 $829,000 $-70,000 -8%
October 18, 2012 V961812 $799,900 $-99,100 -11%
January 17, 2013 V961812 removed after 188 days
January 23, 2013 V986567 $798,000 $-101,000 -11%
April 02, 2013 V986567 removed after 69 days
April 07, 2013 V999446 $780,000 $-119,000 -13%
April 22, 2013 V999446 removed after 15 days
April 25, 2013 V1003054 $770,000 $-129,000 -14%

v1003054_1

Current Days on Market: 587 (1.61years)
Current ‘Official’ Days on Market: 49
2012 Assessment: $780,000
2011 Assessment: $810,000
Desperation Score: 27.5

“Won’t last – hurry up and get this great house before it’s gone! Open House Sunday April 28th 2-4pm.” – listed for over a year and a half and they haven’t even updated the open house date from a month and a half ago…  Now listed below assessment.  “a great cash maker”…

Great corner lot, RT2 duplex zone, great for investors, has 3 suites to rent in one of the best parts of Fraser, close to new Shoppers Drug Mart & Starbucks. 3 bedrooms on main & 3 bedrooms in basement, you can also have a 2 bdrm separate suite upstairs – a great cash maker. Fantastic view of North Shore mountains off the huge sundeck. Won’t last – hurry up and get this great house before it’s gone! Open House Sunday April 28th 2-4pm.


#8 ) Address:# 21 120 POWELL ST, Downtown, Vancouver East

October 11, 2007 V673052 $1,499,000 $0 0%
February 07, 2008 V673052 $1,649,000 $0 0%
March 19, 2008 V673052 $1,499,000 $-150,000 -9%
April 03, 2008 V673052 removed after 175 days
April 10, 2008 V699975 $1,495,000 $-154,000 -9%
May 22, 2008 V699975 removed after 42 days
May 28, 2008 V711694 $1,375,000 $-274,000 -17%
July 22, 2008 V711694 $1,299,000 $-350,000 -21%
November 05, 2008 V711694 removed after 161 days
November 14, 2008 V743667 $1,198,850 $-450,150 -27%
December 05, 2008 V743667 $999,950 $-649,050 -39%
February 28, 2009 V743667 $850,000 $-799,000 -48%
April 15, 2009 V743667 removed after 152 days
April 20, 2009 V761858 $849,900 $-799,100 -48%
May 15, 2009 V761858 removed after 25 days
May 31, 2012 V953481 $1,988,000 $0 0%
July 11, 2012 V953481 $1,890,000 $-98,000 -5%
July 24, 2012 V953481 $1,940,000 $-48,000 -2%
August 30, 2012 V953481 removed after 91 days
September 07, 2012 V969684 $1,940,000 $-48,000 -2%
October 12, 2012 V969684 removed after 35 days
January 18, 2013 V985852 $1,880,000 $-108,000 -5%
March 08, 2013 V985852 removed after 49 days
April 26, 2013 V1003365 $1,699,000 $-289,000 -15%

v1003365_1

Current Days on Market: 378 (1.04years)
Current ‘Official’ Days on Market: 48
2012 Assessment: $1,019,000
2011 Assessment: $954,000
Desperation Score: 27.5

Listed and presumably sold for around $850K in 2009 then relisted 3 years later for $1.15 million (about 140%) MORE then the previous sale!!!  They came down slightly before bumping the price up again and now are “down” to $1.7 million.  This apartment is assessed at just over $1 million.  

Welcome home, is the first thing you’ll think when walking through the front doors at the “Pilkington House” loft. I emphasis “home” as it feel like a grand, cozy home with that warm, historic, NYC kind of modern edge.This bright,massive 3 bed, 2 bath corner loft spans 2700sft, with 9.5ft ceiling, polished concrete floors, complete high-end renovation throughout with a functional, comfortable floor plan for a full family, couple or that single bachelor/ette Boutique building with only 6 units & 2 per floor, in the centre of Gastown’s world famous shops and eats. Sharing an unbeatable, manicured rooftop patio with 180 views of the mountain, water and city 2 SECURE UNDERGROUND PARKING. Open house Saturday May 11th 2-4pm.


#7 ) Address:3387 WILLIAM ST, Renfrew, Vancouver East

June 17, 2009 V772169 $528,000 $0 0%
July 11, 2009 V772169 $513,000 $-15,000 -3%
July 24, 2009 V772169 removed after 37 days
December 03, 2009 V799754 $599,000 $0 0%
March 29, 2010 V799754 removed after 116 days
September 17, 2010 V850631 $888,000 $0 0%
December 07, 2010 V850631 $868,000 $-20,000 -2%
April 01, 2011 V850631 removed after 196 days
November 10, 2011 V919271 $939,000 $0 0%
January 10, 2012 V919271 removed after 61 days
February 07, 2012 V927878 $938,000 $-1,000 0%
February 16, 2012 V927878 removed after 9 days
June 11, 2012 V955796 $1,078,000 $0 0%
November 01, 2012 V955796 removed after 143 days
March 06, 2013 V994039 $1,075,000 $-3,000 0%
April 05, 2013 V994039 $1,059,000 $-19,000 -2%
April 16, 2013 V994039 $1,039,000 $-39,000 -4%
April 27, 2013 V994039 $1,029,000 $-49,000 -5%
May 22, 2013 V994039 $1,010,000 $-68,000 -6%
May 30, 2013 V994039 removed after 85 days
June 09, 2013 V1011744 $999,000 $-79,000 -7%

v1011744_1

Current Days on Market: 581 (1.59years)
Current ‘Official’ Days on Market: 4
2012 Assessment: $956,000
2011 Assessment: $931,000
Desperation Score: 28.0

Sold for $930,000 on Feb 5, 2012 so if sold at current list price the net profit after transactional fees would be $14K.  They relisted this place for $148K more than they paid for it less than 4 months after they bought it…  They also claim that the 1st showing is June 11th but of course we can see that this is a lie

3 level custom built home in a fantastic area by a 25 year experienced builder with top quality construction, premium materials, features granite counter tops, radiant heat, HRV, crown moulding & detail finishing. High efficiency heat exchange & boiler system. This 3 level house consists of 6 bedrooms with master bedroom on top with large patio & nicely complimented with a 2+1 mortgage helper below. Centrally located close to transit, shopping & Rupert Park & Golf Course. ACT FAST! 1st showing June 11th.


#6 ) Address:3108 E 62ND AV, Champlain Heights, Vancouver East

February 02, 2007 V627889 $849,000 $0 0%
June 13, 2007 V627889 removed after 131 days
October 19, 2012 V977169 $1,219,000 $0 0%
January 16, 2013 V977169 removed after 89 days
February 20, 2013 V991574 $1,100,000 $-119,000 -10%
May 22, 2013 V991574 removed after 91 days
May 30, 2013 V1009532 $1,025,000 $-194,000 -16%
June 04, 2013 V1009532 $998,800 $-220,200 -18%

v1009532_1

Current Days on Market: 237 (0.65years)
Current ‘Official’ Days on Market: 14
2012 Assessment: $1,096,000
2011 Assessment: $1,089,000
Desperation Score: 29.0

Why would you write “Property contains unauthorized accommodations.” as the opening sentence in your description?  Currently listed for about $100K below assessment

Property contains unauthorized accommodations. Italian built home on huge 50 frontage lot in serene Champlain Heights neighbourhood! Features 3 bedrooms up, 2 bedrooms down, 2.5 baths, spacious enclosed sun room,vaulted ceilings, bright skylights, 4 fireplaces, gorgeous Italian mouldingsthroughout, large sundeck& private fenced back yard, just steps to park, bus, schools & shopping! All measurements are approx and to be verified by buyers.


#5 ) Address:1067 E 54TH AV, South Vancouver, Vancouver East

August 11, 2012 V966047 $1,988,000 $0 0%
April 01, 2013 V966047 removed after 233 days
May 11, 2013 V1006586 $1,788,000 $-200,000 -10%
June 02, 2013 V1006586 removed after 22 days
June 06, 2013 V1010736 $1,599,000 $-389,000 -20%

v1010736_1

Current Days on Market: 306 (0.84years)
Current ‘Official’ Days on Market: 7
2012 Assessment: $1,471,000
2011 Assessment: $1,411,000
Desperation Score: 29.4

“priced to sell!” at over $100K above assessment.  In fact it was also listed as “priced to sell” back when it was $1.788 million

Well kept owner-built 2 levels house sitting on a rare found 40.12 x 204.5 lot, this hidden gem in South Vancouver area offers over 4600 sf living area. 9′ ceiling on the main floor, featured with a good size den / ensuite with walk in closet; open kitchen with quartz counter top, pantry could be easily converted into a wok kitchen; brand new painting; 2 gas fireplaces. 4 bedrooms up with 3 full bath, potential 2 2-bedroom suites in basement for mortgage helper. Extra large covered sundeck, double garage with long drive way for extra parking. Convenient location, steps to transits and shops, minutes to Richmond. Henderson Elementary / John Oliver Secondary catchment. Call for details / showings, priced to sell!


#4 ) Address:1438 E 61ST AV, Fraserview, Vancouver East

April 05, 2012 V941291 $1,299,000 $0 0%
May 16, 2012 V941291 removed after 41 days
May 19, 2012 V951314 $1,299,000 $0 0%
June 19, 2012 V951314 $1,268,000 $-31,000 -2%
September 22, 2012 V951314 $1,099,000 $-200,000 -15%
October 06, 2012 V951314 $1,268,000 $-31,000 -2%
February 20, 2013 V951314 removed after 277 days
February 24, 2013 V992609 $1,268,000 $-31,000 -2%
March 23, 2013 V992609 $1,198,800 $-100,200 -8%
June 06, 2013 V992609 $1,148,000 $-151,000 -12%

v992609_1

Current Days on Market: 434 (1.19years)
Current ‘Official’ Days on Market: 109
2012 Assessment: $1,140,000
2011 Assessment: $1,084,000
Desperation Score: 33.6

This home is still listed higher than the price from September.  After over a year on the market and failed attempts at selling for a lower price you would figure they would do the obvious thing and price it below $1.099 million

Deluxe 3 level home in desirable Fraser View area! Features: Brand new laminate flooring, new window glass, 7 bdrm, title roof, radiant heating, marble gas fireplace, culture mable window sills, granite countertop in kitchen and washrooms and top it off with parnoramic view of Richmond. Also, potential for a 2-bdrm suite in basement with separate entrance. Central location: close to Sir James Douglas Annex (elementary / French immersion), David Thompson Secondary), shopping on Victoira Dr’s Chinatown, buses and skytrain! Come take a look!! OPEN HOUSE: SUN (Jun 9) 2 – 4PM


#3 ) Address:# 1701 4028 KNIGHT ST, Knight, Vancouver East

September 13, 2008 V733120 $690,000 $0 0%
November 10, 2008 V733120 removed after 58 days
November 21, 2008 V744494 $658,000 $-32,000 -5%
March 12, 2009 V744494 removed after 111 days
March 20, 2009 V757592 $565,000 $-125,000 -18%
May 01, 2009 V757592 $595,000 $-95,000 -14%
May 07, 2009 V757592 removed after 48 days
June 08, 2012 V955321 $988,000 $0 0%
July 07, 2012 V955321 removed after 29 days
November 03, 2012 V979082 $798,000 $-190,000 -19%
November 24, 2012 V979082 $778,000 $-210,000 -21%
January 31, 2013 V979082 $899,000 $-89,000 -9%
February 07, 2013 V979082 $889,000 $-99,000 -10%
February 16, 2013 V979082 removed after 105 days
March 18, 2013 V996275 $788,000 $-200,000 -20%
May 12, 2013 V996275 removed after 55 days
May 21, 2013 V1008093 $768,000 $-220,000 -22%

v1008093_1

Current Days on Market: 370 (1.01years)
Current ‘Official’ Days on Market: 23
2012 Assessment: $642,000
2011 Assessment: $636,000
Desperation Score: 34.4

22% in price drops and still 20% OVER assessment

King Edward Village…Bright and Spacious South exposure 3 bedroom, 2 bathroom PENTHOUSE home with 3 large rooftop patios! Floor to ceiling windows in this home to take advantage of the unobstructed vibrant 270 degree views of English Bay and the Mountains. Features include stainless steel appliances, kitchen with granite counter tops, ceramic tile flooring, hardwood flooring, insuite washer/dryer and plenty of storage. Fantastic location! Minutes to downtown. Close to parks, transit, banks, VPL, and grocery shopping at your doorstep. 2 parking and 1 locker included! Open House June 1st & 2nd from 2-4pm.


#2 ) Address:6505 BUTLER ST, Killarney, Vancouver East

November 04, 2006 V619795 $688,000 $0 0%
May 09, 2007 V619795 $673,000 $-15,000 -2%
June 15, 2007 V619795 removed after 223 days
September 02, 2007 V666522 $688,000 $0 0%
October 16, 2007 V666522 removed after 44 days
April 21, 2011 V883641 $1,180,000 $0 0%
June 23, 2011 V883641 removed after 63 days
May 18, 2012 V951012 $2,148,000 $0 0%
August 29, 2012 V951012 removed after 103 days
September 06, 2012 V969275 $1,978,000 $-170,000 -8%
November 20, 2012 V969275 removed after 75 days
December 24, 2012 V983094 $1,898,000 $-250,000 -12%
April 01, 2013 V983094 removed after 98 days
April 12, 2013 V1000599 $1,888,888 $-259,112 -12%
April 19, 2013 V1000599 $1,799,999 $-348,001 -16%
May 21, 2013 V1000599 $1,749,000 $-399,000 -19%
May 22, 2013 V1000599 removed after 40 days
May 30, 2013 V1009680 $1,789,000 $-359,000 -17%

v1009680_1

Current Days on Market: 391 (1.07years)
Current ‘Official’ Days on Market: 14
2012 Assessment: $1,680,000
2011 Assessment: Building Unfnished at time of assessment
2011 Last Sale: $840,000 on 19/Jan/2011
Total Profit IF sold for list price: 75,492 transaction costs and 949,000 profit on sale = Profit of 873,508 minus cost to build
Desperation Score: 37.4

I love the $1,888,888 price from a couple of months ago.  If they don’t start pricing this home better they will be getting into the red pretty quickly

Close to Community Centres, Transit, Schools, Gorgeous parks, Golf Course & the Best Shopping in the Lower Mainland. This Brand New, 7-Bedroom home in Central Killarney is the perfect Family Dwelling. With 4,123 sq. ft., 10-ft ceilings, and potential 2 Bsmt Suites all on a large 43 ft. by 140 ft. Lot. You’ve got all the space you need & more. Aspiring chefs will love the Open Kitchen w/ white Maple Cabinets & Separate Spice Kitchen. Finishing touches include Engineered Hardwood, Crown Moulding & Paneling, Air Conditioning, Entertainment Room, & Security Cameras for peace of mind. With Experienced Builders at the helm & a 2-5-10 New Home Warranty, This Home is an Excellent Family Investment. OPEN HOUSE Sat & Sun June1 & 2 2-4PM


#1 ) Address:5651 TYNE ST, Collingwood, Vancouver East

October 06, 2006 V597192 $850,000 $0 0%
October 31, 2006 V597192 $825,000 $-25,000 -3%
December 11, 2006 V597192 $789,000 $-61,000 -7%
December 23, 2006 V597192 $774,000 $-76,000 -9%
January 16, 2007 V597192 removed after 102 days
February 15, 2007 V630590 $798,000 $-52,000 -6%
May 01, 2007 V630590 removed after 75 days
December 13, 2007 V680991 $829,000 $-21,000 -2%
March 11, 2008 V680991 removed after 89 days
March 19, 2008 V695379 $839,900 $-10,100 -1%
May 17, 2008 V695379 $834,900 $-15,100 -2%
June 10, 2008 V695379 $829,000 $-21,000 -2%
July 13, 2008 V695379 removed after 116 days
July 20, 2008 V723671 $829,900 $-20,100 -2%
October 31, 2008 V723671 removed after 103 days
March 18, 2009 V757317 $818,000 $-32,000 -4%
March 26, 2009 V757317 $799,000 $-51,000 -6%
April 03, 2009 V757317 $789,000 $-61,000 -7%
May 05, 2009 V757317 $778,000 $-72,000 -8%
May 20, 2009 V757317 $759,000 $-91,000 -11%
May 29, 2009 V757317 $788,000 $-62,000 -7%
July 01, 2009 V757317 removed after 105 days
October 10, 2010 V854314 $889,000 $0 0%
November 15, 2010 V854314 removed after 36 days
April 05, 2012 V941363 $1,249,000 $0 0%
May 30, 2012 V941363 $1,224,000 $-25,000 -2%
June 08, 2012 V941363 $1,199,000 $-50,000 -4%
September 18, 2012 V941363 $1,099,000 $-150,000 -12%
October 03, 2012 V941363 removed after 181 days
October 05, 2012 V975151 $999,000 $-250,000 -20%
January 01, 2013 V975151 removed after 88 days
January 23, 2013 V986377 $1,068,000 $-181,000 -14%
February 13, 2013 V986377 $1,038,000 $-211,000 -17%
May 01, 2013 V986377 removed after 98 days
May 05, 2013 V1005411 $999,999 $-249,001 -20%
May 25, 2013 V1005411 $980,000 $-269,000 -22%

v1005411_1

Current Days on Market: 434 (1.19years)
Current ‘Official’ Days on Market: 39
2012 Assessment: $927,000
2011 Assessment: $874,000
Desperation Score: 40.9

And here is the winner!  Since 2006 this property has been listed every single year excluding 2011.

Just steps to Starbucks and walking distance to Joyce skytrain station is this immaculate 10 year old “as new” 2080 sq ft residence of distinction. Affordability is enhanced by the 1 bdrm + 2 bdrm ground level suite renting out for $1800 per month. Great family accomodation with 3 bedrooms up which is owner occupied. Nice view to the west from this special family home. Note: 3 kitchens

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Vancouver West Attached Spotlight – June 10, 2013

Here are the top 10 most desperate attached properties in Vancouver West.

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.


#10 ) Address:# 2900 1280 RICHARDS ST, Yaletown, Vancouver West

March 07, 2012 V935549 $2,648,800 $0 0%
April 03, 2012 V935549 $2,548,800 $-100,000 -4%
April 14, 2012 V935549 $2,395,000 $-253,800 -10%
July 26, 2012 V935549 removed after 141 days
August 09, 2012 V965537 $2,380,000 $-268,800 -10%
September 25, 2012 V965537 $1,980,000 $-668,800 -25%
December 20, 2012 V965537 removed after 133 days
February 22, 2013 V991943 $2,180,000 $-468,800 -18%
May 06, 2013 V991943 removed after 73 days
May 09, 2013 V1006036 $2,180,000 $-468,800 -18%

v1006036_1

Current Days on Market: 461 (1.26years)
Current ‘Official’ Days on Market: 33
2012 Assessment: $2,284,000
2011 Assessment: $2,462,000
Desperation Score: 28.9

This apartment has been listed for over a year, had the assessment drop by $200K and is listed $200K higher than it was in December…

Welcome to the 29th flr at the Grace. Boasting 2311 sqft of exquisite living space with stunning 360 degree picturesque views of the Vancouver skyline and beyond. Enter directly from the elevator into the inviting foyer, you will be taken aback by the 200 year old reclaimed fir flooring that runs throughout the impressive living spaces. Dining and living rooms are vast with tremendous vistas towards English Bay. The State of the art Kitchen with Sub Zero Fridge, 5 burner gas cooktop and double wall ovens are a chefs dream. 4 outdoor living areas ensure you can enjoy the sun and outlook in every direction. The most exclusive building in Yaletown with biometric security systems, concierge, and amazing facilities. 3 parking incl.


#9 ) Address:2328 SPRUCE ST, Fairview, Vancouver West

May 28, 2011 V890832 $1,810,000 $0 0%
January 01, 2012 V890832 removed after 218 days
January 07, 2012 V923797 $1,810,000 $0 0%
April 21, 2012 V923797 $1,860,000 $0 0%
August 10, 2012 V923797 removed after 216 days
August 18, 2012 V966969 $1,860,000 $0 0%
October 05, 2012 V966969 $1,799,900 $-60,100 -3%
February 07, 2013 V966969 removed after 173 days
February 13, 2013 V989981 $1,699,900 $-160,100 -9%
May 12, 2013 V989981 removed after 88 days
May 21, 2013 V1007949 $1,555,000 $-305,000 -16%

v1007949_1

Current Days on Market: 745 (2.04years)
Current ‘Official’ Days on Market: 21
2012 Assessment: $1,918,000
Desperation Score: 28.9

This townhome has been listed for over 2 years, is currently almost 20% below assessment.  3% in price drops over the first 20 months and  13% more in the last 4 months

Fairview Green, 9 exquisite townhomes located on West 7th at Spruce. 3-Bedroom home spans over 3 levels. Private elevator takes you between garage, living & 3 levels. Patio off kitchen & large roof-deck are pleasant retreats. High-end appliances like SubZero fridges, Wolfe gas cooktops, BI wine fridge & extra-long kitchen isl make home entertainment a breeze. Finely appointed ensuites features rain showerheads, separate deep soaker-tubs & sleek limestone tile. 2 U/G parkings directly accessible from every home, storage locker & bike room. This coveted west-side location affords residents unobstructed views of False Creek & beyond. Pedestrian & bike-friendly as it sits next to a dedicated bike route. MOVE IN NOW!!!


#8 ) Address:# 601 499 DRAKE ST, Yaletown, Vancouver West

September 27, 2007 V670617 $5,599,000 $0 0%
March 13, 2008 V670617 $4,900,000 $-699,000 -12%
April 11, 2008 V670617 removed after 197 days
June 18, 2011 V889173 $6,900,000 $0 0%
August 31, 2011 V889173 removed after 74 days
May 09, 2012 V948740 $6,199,000 $-701,000 -10%
July 31, 2012 V948740 $5,890,000 $-1,010,000 -15%
October 24, 2012 V948740 $5,480,000 $-1,420,000 -21%
January 01, 2013 V948740 removed after 237 days
January 23, 2013 V986624 $4,999,900 $-1,900,100 -28%
May 28, 2013 V986624 removed after 125 days
May 30, 2013 V1009590 $4,880,000 $-2,020,000 -29%

v1009590_1

Current Days on Market: 398 (1.09years)
Current ‘Official’ Days on Market: 12
2012 Assessment: $4,371,000
2011 Assessment: $4,528,000
Desperation Score: 31.9

Sold for $3,540,000 in November 2005 and resold for $3,900,000 million in November 2006 for a net profit after transactional fees of $170K

Sold for $3,900,000 in November 2006 so if sold at current list price the net profit after transactional fees would be $755K

“Priced well below replacement value for immediate sale.” – LOL is all I have to say about that.   They tried to sell the place for $5.6 million for a $1.7 million profit less than a year after they bought it but that failed so they wait 3 and a half years, tack on an extra million and change and are once again surprised to not sell.  The place has now dropped over $2 million and is still well over assessment

The meticulous attention to detail in this two storey Manhattan style home greets you from the moment you enter this 4800 sq. ft. residence from your private elevator. The Cheery wood and custom millwork finishes give a welcoming warm feeling, the handcrafted limestone and mosaic tiles a sense of elegance. Huge floor to ceiling windows and high celiings a sense of space. Three bedrooms with ensuites on the sleeping level are joined by a majestic marbel staircase to the entertainment size living areas and gourmet commercial kitchen. For relaxation: your personal 39 ft. infinity indoor lap pool, hot tub and 7 large sunny patios. Priced well below replacement value for immediate sale.


#7 ) Address:# 403 997 W 22ND AV, Cambie, Vancouver West

February 04, 2009 V751104 $479,000 $0 0%
March 26, 2009 V751104 $469,900 $-9,100 -2%
April 17, 2009 V751104 $463,000 $-16,000 -3%
May 30, 2009 V751104 $449,900 $-29,100 -6%
August 01, 2009 V751104 removed after 178 days
April 07, 2010 V819765 $489,900 $0 0%
April 22, 2010 V819765 $475,000 $-14,900 -3%
May 27, 2010 V819765 $469,000 $-20,900 -4%
June 13, 2010 V819765 $463,000 $-26,900 -5%
July 23, 2010 V819765 removed after 107 days
August 14, 2010 V845970 $459,000 $-30,900 -6%
September 16, 2010 V845970 $449,000 $-40,900 -8%
December 06, 2010 V845970 removed after 114 days
January 14, 2011 V863218 $449,000 $-40,900 -8%
February 17, 2011 V863218 $455,000 $-34,900 -7%
March 16, 2011 V863218 $463,000 $-26,900 -5%
March 17, 2011 V863218 $455,000 $-34,900 -7%
March 31, 2011 V863218 removed after 76 days
May 11, 2011 V887411 $458,800 $-31,100 -6%
May 26, 2011 V887411 $453,800 $-36,100 -7%
June 07, 2011 V887411 $449,900 $-40,000 -8%
June 23, 2011 V887411 $448,000 $-41,900 -9%
July 23, 2011 V887411 $446,000 $-43,900 -9%
July 29, 2011 V887411 removed after 79 days
August 13, 2011 V904833 $443,000 $-46,900 -10%
September 07, 2011 V904833 $440,000 $-49,900 -10%
September 20, 2011 V904833 $438,000 $-51,900 -11%
October 12, 2011 V904833 removed after 60 days
November 03, 2011 V918228 $439,800 $-50,100 -10%
January 14, 2012 V918228 $438,000 $-51,900 -11%
January 31, 2012 V918228 $436,900 $-53,000 -11%
February 22, 2012 V918228 removed after 111 days
March 15, 2012 V937272 $436,000 $-53,900 -11%
April 11, 2012 V937272 $433,900 $-56,000 -11%
May 01, 2012 V937272 removed after 47 days
May 26, 2012 V952668 $439,900 $-50,000 -10%
June 19, 2012 V952668 $433,900 $-56,000 -11%
July 05, 2012 V952668 $430,000 $-59,900 -12%
August 01, 2012 V952668 removed after 67 days
August 16, 2012 V966752 $433,900 $-56,000 -11%
September 07, 2012 V966752 $430,000 $-59,900 -12%
September 18, 2012 V966752 $429,900 $-60,000 -12%
October 11, 2012 V966752 $428,800 $-61,100 -12%
October 20, 2012 V966752 $425,000 $-64,900 -13%
October 31, 2012 V966752 removed after 76 days
November 09, 2012 V979592 $425,000 $-64,900 -13%
November 23, 2012 V979592 $420,000 $-69,900 -14%
December 03, 2012 V979592 removed after 24 days
January 18, 2013 V985775 $428,000 $-61,900 -13%
February 05, 2013 V985775 $423,000 $-66,900 -14%
March 05, 2013 V985775 $419,900 $-70,000 -14%
April 05, 2013 V985775 removed after 77 days
May 09, 2013 V1006006 $419,000 $-70,900 -14%
June 02, 2013 V1006006 $416,000 $-73,900 -15%
June 07, 2013 V1006006 $415,000 $-74,900 -15%

v1006006_1

Current Days on Market: 1161 (3.18years)
Current ‘Official’ Days on Market: 33
2012 Assessment: $389,000
2011 Assessment: $386,000
Desperation Score: 32.0

Listed for over 3 years and in that time have had 32 prices drops, 8 price increases and 13 MLS numbers!!!!!!!  Yet still over assessment…  Worthy of the VancouverPriceDrop hall of fame

The CRESCENT at Shaughnessy!! Top Floor, 700sf, QUIET side of building on a tree lined street facing Douglas Park. Unobstructed Downtown, city & mountain VIEWS from living room & balcony!! Flexible layout features a LARGE master bedroom, living room & dining room, a heated den/flex space (large enough for a single bed), private balcony & LARGE insuite storage room. Luxuriously appointed with engineered hardwood floors, granite countertops, insuite laundry & a cozy electric fireplace. Fully rain screened with balance of 10 year warranty. One large parking stall included. Close to hospital, schools, shopping & transit & short 10 minute walk to Canada Line. Nice newer boutique style building. Great investment potential at $1,700/m.


#6 ) Address:# 207 2893 W 41ST AV, Kerrisdale, Vancouver West

September 30, 2007 V671498 $625,000 $0 0%
November 02, 2007 V671498 removed after 33 days
March 21, 2012 V938186 $849,000 $0 0%
April 13, 2012 V938186 $829,900 $-19,100 -2%
April 24, 2012 V938186 removed after 34 days
May 02, 2012 V946786 $799,900 $-49,100 -6%
June 09, 2012 V946786 $759,000 $-90,000 -11%
June 29, 2012 V946786 $729,000 $-120,000 -14%
August 01, 2012 V946786 removed after 91 days
September 12, 2012 V970532 $699,000 $-150,000 -18%
December 11, 2012 V970532 removed after 90 days
January 09, 2013 V984028 $699,900 $-149,100 -18%
February 21, 2013 V984028 $688,888 $-160,112 -19%
April 01, 2013 V984028 removed after 82 days
April 07, 2013 V999426 $679,000 $-170,000 -20%
May 30, 2013 V999426 $650,000 $-199,000 -23%

v999426_1

Current Days on Market: 447 (1.22years)
Current ‘Official’ Days on Market: 65
2012 Assessment: $592,000
2011 Assessment: $585,000
Desperation Score: 32.0

Yet another listed over a year and looking at the price it isn’t a surprise but wait, “Truly a rare find and in many ways better than new.”

Stunning mid-century modern styled, two bedroom townhouse on Vancouver’s West Side. This 70’s, 19 unit development situated on a large plot of land, features and outdoor pool and gardens. The home is set well back of the street and is drenched in east facing light. Sought after features include a wood-burning fireplace, solid oak hardwood floors, and five large outdoor decks. The entire complex has been upgraded with a new roof, exterior cladding, new windows, and composite decking. Truly a rare find and in many ways better than new. One parking included with additional parking available for rent subject to availability. Open House: Saturday, June 8th 1-3pm


 

#5 ) Address:2046 WHYTE AV, Kitsilano, Vancouver West

June 05, 2008 V713623 $1,998,000 $0 0%
June 12, 2008 V713623 removed after 7 days
May 07, 2010 V828196 $1,980,000 $-18,000 -1%
May 20, 2010 V828196 removed after 13 days
February 06, 2013 V989146 $1,725,000 $-273,000 -14%
March 13, 2013 V989146 $1,580,000 $-418,000 -21%
April 04, 2013 V989146 removed after 57 days
April 07, 2013 V999725 $1,450,000 $-548,000 -27%
April 10, 2013 V999725 $1,399,000 $-599,000 -30%

v999725_1

Current Days on Market: 125 (0.34years)
Current ‘Official’ Days on Market: 65
2012 Assessment: Building Unfinished
Desperation Score: 33.8

2008 and 2010 pricing was for the lot sale (well at least 2010) but this new half duplex is down 30% and $600K in 2 months…

PRIME KITS POINT NEW CONTEMPORARY 1/2 Duplex. Stunning Architecturally designed by Award Winning LOY LEYLAND. Gorgeous tree lined street, 1/2 block to Kits Beach! Executive Rainscreened Home with 2-5-10 year Warranty! SHOWS BEAUTIFULLY! Walk to the trendy 4th Avenue shops, restaurants, the Seawall, Granville Island with easy access Downtown! Open Sat May 8th 2-4pm


#4 ) Address:# 1203 5989 WALTER GAGE RD, University, Vancouver West

December 21, 2007 V681455 $1,390,000 $0 0%
April 01, 2008 V681455 $1,360,000 $-30,000 -2%
September 07, 2008 V681455 removed after 261 days
July 02, 2011 V897697 $1,450,000 $0 0%
November 16, 2011 V897697 $1,390,000 $-60,000 -4%
December 28, 2011 V897697 removed after 179 days
January 11, 2012 V924494 $1,370,000 $-80,000 -6%
March 24, 2012 V924494 $1,290,000 $-160,000 -11%
May 14, 2012 V924494 removed after 124 days
July 07, 2012 V960581 $1,868,000 $0 0%
October 13, 2012 V960581 $2,186,000 $0 0%
March 01, 2013 V960581 removed after 237 days
March 27, 2013 V997597 $1,738,000 $-448,000 -20%
April 30, 2013 V997597 $1,638,000 $-548,000 -25%
May 09, 2013 V997597 $1,678,000 $-508,000 -23%

v997597_1

Current Days on Market: 710 (1.95years)
Current ‘Official’ Days on Market: 76
2012 Assessment: $1,260,000
2011 Assessment: $1,340,000
Desperation Score: 34.4

Listed for almost 2 years and about 33% OVER assessment.  It didn’t sell for $1.29 million up to May of 2012 so they pull the listing and change the price to $1.87 million 2 months later.  That doesn’t work so 3 months later they raise the price by another $320K to $2.186 million and over 70% ABOVE assessment!  In the 2 months since relisting they have come down $500K and 23% although the last price change was an increase so who knows, could be listed for $3 million shortly

Fabulous 270 degree view of ocean, 3 parking stalls, approx 250sq.ft of entertainer size balcony. Designer kitchen with Miele & Sub-Zero appliances. Granite countertops, spa-like bathroom; recent renovation makes the lovely unit just like new!! Call for your private viewing today!


#3 ) Address:# 3801 1495 RICHARDS ST, Yaletown, Vancouver West

April 29, 2009 V763591 $2,499,000 $0 0%
June 04, 2009 V763591 removed after 36 days
January 26, 2012 V927749 $4,980,000 $0 0%
March 06, 2012 V927749 $4,595,000 $-385,000 -8%
May 12, 2012 V927749 $4,198,000 $-782,000 -16%
May 28, 2012 V927749 removed after 123 days
June 06, 2012 V954794 $3,888,000 $-1,092,000 -22%
October 08, 2012 V954794 removed after 124 days
October 20, 2012 V977339 $3,888,000 $-1,092,000 -22%
October 26, 2012 V977339 $3,788,000 $-1,192,000 -24%
November 10, 2012 V977339 $3,998,000 $-982,000 -20%
February 28, 2013 V977339 $3,688,000 $-1,292,000 -26%
May 30, 2013 V977339 removed after 222 days
June 06, 2013 V1010735 $3,588,000 $-1,392,000 -28%

v1010735_1

Current Days on Market: 502 (1.38years)
Current ‘Official’ Days on Market: 5
2012 Assessment: $2,601,000
2011 Assessment: $2,544,000
Desperation Score: 38.3

Sold for $2,099,000 in July 2009 so if sold at current list price the net profit after transactional fees would be $1.35 million

Purchased in 2009 for $2.1 million and then they relist 2 and a half years later for $5 million… makes sense…  We’re now down $1.4 million and 28% but still miles away from reality listing at 1 million above assessment

Feel on top of the world! The only apartment on the top level of this prestigious Yaletown building! Stunning 270 degree water, city and mountain views from this 2500 sqft luxury home. With 3 beds, 4 baths, a chef inspired kitchen with top-of-the-line stainless steel appliances, and granite counter tops this penthouse has it all! Azura II is 38 floors of sheer contemporary beauty, a pinnacle landmark set right at the foot of George Wainborn Park. Home to the Beach Crescent Neighbourhood a magical combination of city and ocean, surrounded by acres of lush landscaped parks and wide-open spaces. Enjoy first class amenities at Super Club including an indoor hot tub, pool, gym, theatre room, concierge services and much more!


#2 ) Address:1419 W 11TH AV, Fairview, Vancouver West

August 15, 2007 V663585 $989,000 $0 0%
January 12, 2008 V663585 removed after 150 days
January 31, 2008 V685802 $979,000 $-10,000 -1%
May 07, 2008 V685802 removed after 97 days
September 14, 2012 V971091 $1,329,000 $0 0%
September 18, 2012 V971091 removed after 4 days
September 20, 2012 V972459 $1,180,000 $-149,000 -11%
October 24, 2012 V972459 $1,036,000 $-293,000 -22%
February 19, 2013 V972459 removed after 152 days
February 22, 2013 V992131 $988,000 $-341,000 -26%
May 09, 2013 V992131 $949,000 $-380,000 -29%
May 10, 2013 V992131 removed after 77 days
May 25, 2013 V1008488 $949,000 $-380,000 -29%

v1008488_1

Current Days on Market: 270 (0.74years)
Current ‘Official’ Days on Market: 17
2012 Assessment: $996,000
2011 Assessment: $962,000
Desperation Score: 38.3

It took 29% in drops to get it below assessment and now they claim “Best value in the Westside”.  Don’t think so

Best value in the Westside. Spacious town home in very chic South Granville ready to move in! Over 1900sqft of living on 4 levels. Contemporary finishes with top of the line, Sub Zero & Miele appliances, generous sized principal rooms and granite counters. This comes with brand new flooring, fresh paint and high ceilings! Steps to shopping, restaurants, and Granville Island. Call today for a private viewing of this unique opportunity!


#1 ) Address:# 3401 1189 MELVILLE ST, Coal Harbour, Vancouver West

June 16, 2007 V653645 $2,295,000 $0 0%
October 01, 2007 V653645 removed after 107 days
October 07, 2009 V791444 $1,788,000 $-507,000 -22%
October 30, 2009 V791444 $1,718,000 $-577,000 -25%
January 29, 2010 V791444 removed after 114 days
January 14, 2012 V925274 $2,188,000 $-107,000 -5%
March 08, 2012 V925274 removed after 54 days
March 12, 2012 V936640 $2,099,000 $-196,000 -9%
May 14, 2012 V936640 removed after 63 days
September 14, 2012 V971181 $2,088,000 $-207,000 -9%
October 17, 2012 V971181 $1,998,000 $-297,000 -13%
November 24, 2012 V971181 $1,850,000 $-445,000 -19%
January 29, 2013 V971181 $1,698,000 $-597,000 -26%
April 01, 2013 V971181 removed after 199 days
April 18, 2013 V1001643 $1,698,000 $-597,000 -26%
May 21, 2013 V1001643 $1,598,000 $-697,000 -30%

v1001643_1

Current Days on Market: 514 (1.41years)
Current ‘Official’ Days on Market: 54
2012 Assessment: $1,633,000
2011 Assessment: $1,676,000
Desperation Score: 39.5

Sold for $1,650,000 in March 2010 so if sold at current list price the net loss after transactional fees would be $138,000 and this is after an “EXTENSIVE COMPLETE UPDATED RENOVATION, MODERN and Contemporary European Design. Brand NEW Miele and Fisher & Paykel stainless steel kitchen appliance package.”… ouch.

AMAZING LUXURY HOME WITH PANORAMIC OCEAN & MOUNTAIN VIEW in every room. 24 hour concierge to assist your needs,the building offers pool, sauna, jacuzzi,gym,large storage space, 2 parking stalls. Steps to Shoppers,Starbucks, Urban fare, 7/11, Waves coffee,medical clinic, Coal Harbour Community Center, parks. Day care is just downstairs.Like brand New-2012 EXTENSIVE COMPLETE UPDATED RENOVATION, MODERN and Contemporary European Design. Brand NEW Miele and Fisher & Paykel stainless steel kitchen appliance package. Air condition, alarm, large patio. full bathroom in every room. Jacuzzi, shower, his and her double sink for master room. Powder room, pantry, laundry ,move in to enjoy

Vancouver West Detached Spotlight – June 6, 2013

Here are the top 10 most desperate detached properties in Vancouver West.  I will go through city by city over the next couple of weeks

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.


#10 ) Address:2923 W 34TH AV, MacKenzie Heights, Vancouver West

February 16, 2012 V931628 $1,898,000 $0 0%
February 29, 2012 V931628 $1,830,000 $-68,000 -4%
March 06, 2012 V931628 $1,760,000 $-138,000 -7%
April 13, 2012 V931628 $1,719,000 $-179,000 -9%
April 25, 2012 V931628 removed after 69 days
April 30, 2012 V946558 $1,668,000 $-230,000 -12%
May 16, 2012 V946558 removed after 16 days
November 09, 2012 V979741 $2,788,000 $0 0%
December 09, 2012 V979741 removed after 30 days
December 10, 2012 V982268 $2,588,000 $-200,000 -7%
April 01, 2013 V982268 removed after 112 days
April 07, 2013 V999393 $2,488,000 $-300,000 -11%

v999393_1

Current Days on Market: 477 (1.31years)
Current ‘Official’ Days on Market: 61
2012 Assessment: Building unfinished at time of assessment
2011 Assessment: $1,623,900

2012 Last Sale: $1,568,000 on 12/May/2012 
Total Profit IF sold for list price: 110K transaction costs and 920K profit on sale = Profit of $810K minus cost of build

Desperation Score: 30.5

This new build is down $300K and if you look at the pictures it is pretty plain to see that this isn’t going to sell anywhere near the current price – this is an ugly home by any measure.  They likely have at least $300K of profit still on the current asking price but I’d expect that to dwindle down to nothing or more likely a loss before it is sold

Price includes GST. Never lived in. Brand new luxurious home in MacKenzie Heights. 10′ on main, high ceiling on upper and 9′ on basement. Open and spacious layout on main. All bedrooms ensuited on upper and possibly one bedroom suite down. Good quality and workmanship throughout. Air con, HRV, stainless steel fridge, stove and dishwasher. Wine cooler. Wok Kitchen. Crystal lightings. Marble countertops in all baths. TV and entertainment unit in Fam Rm. Lawn sprinkler sys. Great location. Priced to sell quick! Act Fast! Open House 2-4 pm Sundays.


#9 ) Address:5730 ATHLONE ST, South Granville, Vancouver West

August 01, 2009 V779865 $1,980,000 $0 0%
October 21, 2009 V779865 $1,849,000 $-131,000 -7%
November 16, 2009 V779865 removed after 107 days
March 27, 2010 V817854 $2,138,800 $0 0%
June 13, 2010 V817854 $2,098,000 $-40,800 -2%
June 23, 2010 V817854 $2,100,000 $-38,800 -2%
July 24, 2010 V817854 removed after 119 days
February 01, 2012 V928522 $4,888,000 $0 0%
May 15, 2012 V928522 $4,488,000 $-400,000 -8%
October 21, 2012 V928522 removed after 263 days
November 04, 2012 V979239 $4,500,000 $-388,000 -8%
January 25, 2013 V979239 $4,298,000 $-590,000 -12%
May 01, 2013 V979239 removed after 178 days
May 21, 2013 V1007033 $4,120,000 $-768,000 -16%
June 06, 2013 V1007033 $3,988,000 $-900,000 -18%

v1007033_1

Current Days on Market: 492 (1.35years)
Current ‘Official’ Days on Market: 17
2012 Assessment: $3,934,000
2011 Assessment: Building Unfnished at time of assessment
Desperation Score: 30.7

This new build is now down $900K and finally is approaching assessment but even after close to a $1 million drop from the initial price they are still probably sitting on $750K of profit if they were to sell at ask

A LUXURY MANSION WHERE CLASSIC MEETS CONTEMPORARY. TRULY A MASTERPIECE IN MOST PRESTIGIOUS SOUTH GRANVILLE. Situated on a beautiful 60×145 LOT (8700 sq ft), this MAGNIFICENT CUSTOM BUILT HOME features 5210 sq ft, 7 generous bedrooms, 6.5 baths & 4 car garage. ATTENTION to detail in workmanship w/exceptional & supreme finishing. OPEN CONCEPT LIVING, 10’ceilings, grand foyer, spacious living & dining room, impressive gourmet kitchen, wok kitchen w/ high-end, motorized cabinetry, Miele, Bosch & Subzero appliances, huge family rm overlooking the PARK-LIKE GARDEN. HUGE rec room, HOME THEATRE, wine cellar, sauna, steam bath, radiant heat, A/C, HRV & secured fenced yard. ERIC HAMBER & OSLER SCHOOL, UBC.


#8 ) Address:1490 BALFOUR AV, Shaughnessy, Vancouver West

February 06, 2010 V808109 $3,500,000 $0 0%
July 01, 2010 V808109 removed after 145 days
July 08, 2010 V840846 $2,990,000 $-510,000 -15%
January 01, 2011 V840846 removed after 177 days
February 02, 2011 V866636 $2,900,000 $-600,000 -17%
April 22, 2011 V866636 $3,100,000 $-400,000 -11%
May 12, 2011 V866636 removed after 99 days
January 18, 2012 V926061 $5,980,000 $0 0%
March 08, 2012 V926061 removed after 50 days
March 12, 2012 V936750 $4,888,000 $-1,092,000 -18%
June 30, 2012 V936750 removed after 110 days
July 27, 2012 V963915 $3,988,000 $-1,992,000 -33%
January 01, 2013 V963915 removed after 158 days
March 29, 2013 V998120 $3,988,000 $-1,992,000 -33%
May 21, 2013 V998120 $3,580,000 $-2,400,000 -40%

v998120_1

Current Days on Market: 506 (1.39years)
Current ‘Official’ Days on Market: 70
2012 Assessment: $3,203,000
2011 Assessment: $3,051,000
2011 Last Sale: $2,980,000 on 21/Apr/2011
Total Profit IF sold for list price: 168,440 transaction costs and 600,000 profit on sale = Profit of 431,560
Desperation Score: 32.6

These morons buy the place for $2.98 million and then relist less than a year later for double at $5.98 million.  That price was not for a custom gold mansion built on the lot – it was for the exact same home.  They have now dropped $2.4 million and hopefully will drop another million or more before it sells

LOCATION! LOCATION! THE FIRST SHAUGHNESSY IS STILL THE BEST ADDRESS IN VANCOUVER, JUST AS IT WAS MORE THAN 100 YEARS AGO WHEN IT WAS FIRST LAID OUT FOR THE GROWING CITY’S POWERFUL AND WEALTHY. PROPERTIES SUCH AS THIS ARE RARE FINDS IN VANCOUVER’S EXCLUSIVE FIRST SHAUGHNESSY DISTRICT. THIS PRIVATE PROPERTY, SHIELDED FOR PRIVACY BY STONE WALLS, HEDGES AND TREES, IS APPROXIMATELY18,000 SQFT WITH AN IMPRESSIVE 144 FOOT FRONTAGE. THIS CLASSIC SHAUGHNESSY HOME RETAINS MUCH OF ITS ORIGINAL CHARACTER – STAINED GLASS WINDOWS, FOUR FIREPLACES AND EXTENSIVE AND ORIGINAL WOOD TRIM. IN ADDITION TO THE MAIN HOUSE THERE IS ALSO A 900 SQFT COACH HOUSE. RENOVATE OR BUILD A BRAND-NEW HOME. DO NOT MISS THIS OPPORTUNITY


#7 ) Address:3390 THE CRESCENT, Shaughnessy, Vancouver West

January 30, 2010 V806985 $17,900,000 $0 0%
August 01, 2010 V806985 removed after 183 days
October 28, 2011 V917626 $31,900,000 $0 0%
September 25, 2012 V917626 removed after 333 days
September 27, 2012 V973696 $22,800,000 $-9,100,000 -29%
January 18, 2013 V973696 $19,900,000 $-12,000,000 -38%
April 16, 2013 V973696 $17,800,000 $-14,100,000 -44%

v973696_1

Current Days on Market: 588 (1.61years)
Current ‘Official’ Days on Market: 253
2012 Assessment: $16,076,000
2011 Assessment: $15,788,000
Desperation Score: 32.7

$14 million drop and counting.  This Vancouver Price Drop hall of famer was apparently purchased for $6 million about 7 or 8 years ago based on some comments from before

Location! In the heart of the 1st Shaughnessy! Rare find 10,516 sf Mansion sets on over One acre in the city’s most exclusive enclave of ‘The Crescent’. The finest and the most prestigious area. Beautiful huge front yard like a private park. Totally rewired and new pipes. The main floor has a grand entry w/a sweeping staircase to second floor. Wok Kitchen, massive living room, & dining room all overlook the garden & pool area. The paneled den, family room & breakfast room open to the large deck which access the garden & pool. The master suite has three dressing rooms, a fireplace. A large recreation room in basement. 5 car garages, a greenhouse & a outdoor pool w/large cab and more.


#6 ) Address:3838 W 50TH AV, Southlands, Vancouver West

August 15, 2012 V966440 $6,000,000 $0 0%
January 12, 2013 V966440 $5,750,000 $-250,000 -4%
April 17, 2013 V966440 $5,000,000 $-1,000,000 -17%
June 02, 2013 V966440 $4,250,000 $-1,750,000 -29%

v966440_1

Current Days on Market: 296 (0.81years)
Current ‘Official’ Days on Market: 296
2012 Assessment: $4,830,000
2011 Assessment: $5,215,000
Desperation Score: 33.3

#6 and #5 are two large lots in the southlands area.  Both are down $1.75 million and their assessment dropped $400K each over the last year.  At their current prices they seem like relatively good deals if you have some deep pockets since they each could be separated into 4 quarter acre lots

Rare opportunity to acquire a single-family development site on the West Side of Vancouver with subdivision potential. This site has 132′ of frontage along both West 50TH and 51ST Avenue and a depth of 297′ with an ideal configuration to be subdivided into four (4) 66′ single-family lots. The Property is located directly across from Point Grey Golf & Country Club. The adjacent property at 3862 West 50TH with the same dimensions is also listed for sale (see MLS# V966447) and can be acquired as a package.


#5 ) Address:3862 W 50TH AV, Southlands, Vancouver West

August 15, 2012 V966447 $6,000,000 $0 0%
January 12, 2013 V966447 $5,750,000 $-250,000 -4%
April 24, 2013 V966447 $5,000,000 $-1,000,000 -17%
June 02, 2013 V966447 $4,250,000 $-1,750,000 -29%

v966447_1

Current Days on Market: 296 (0.81years)
Current ‘Official’ Days on Market: 296
2012 Assessment: $4,830,000
2011 Assessment: $5,215,000
Desperation Score: 33.9

Rare opportunity to acquire a single-family development site on the West Side of Vancouver with subdivision potential. The site has 132′ of frontage along both West 50TH and West 51ST Avenue and a depth of 297′ with an ideal configuration to be subdivided into four (4) 66′ single-family lots. The Property is located directly across from Point Grey Golf & Country Club. The adjacent property at 3838 West 50TH with the same dimensions is also listed for sale (see MLS# V966440) and can be acquired as a package.


#4 ) Address:3450 PUGET DR, Arbutus, Vancouver West

April 17, 2009 V761564 $1,389,000 $0 0%
July 01, 2009 V761564 removed after 75 days
July 19, 2009 V777695 $1,380,000 $-9,000 -1%
August 07, 2009 V777695 removed after 19 days
March 14, 2010 V815179 $3,288,000 $0 0%
June 15, 2010 V815179 removed after 93 days
June 17, 2010 V837363 $3,288,000 $0 0%
July 08, 2010 V837363 $3,480,000 $0 0%
October 31, 2010 V837363 removed after 136 days
November 05, 2010 V857290 $3,480,000 $0 0%
January 25, 2011 V857290 removed after 81 days
January 28, 2011 V865880 $3,380,000 $-100,000 -3%
April 21, 2011 V865880 $3,688,000 $0 0%
May 05, 2011 V865880 removed after 97 days
May 19, 2011 V889194 $3,688,000 $0 0%
October 03, 2011 V889194 removed after 137 days
October 07, 2011 V914344 $3,688,000 $0 0%
February 08, 2012 V914344 $3,495,000 $-193,000 -5%
May 01, 2012 V914344 removed after 207 days
May 21, 2012 V951363 $3,380,000 $-308,000 -8%
July 03, 2012 V951363 removed after 43 days
July 12, 2012 V961551 $3,333,000 $-355,000 -10%
October 01, 2012 V961551 removed after 81 days
October 05, 2012 V975211 $2,980,000 $-708,000 -19%
October 24, 2012 V975211 $3,280,000 $-408,000 -11%
December 04, 2012 V975211 removed after 60 days
December 06, 2012 V982029 $3,280,000 $-408,000 -11%
February 01, 2013 V982029 removed after 57 days
February 13, 2013 V990056 $3,188,000 $-500,000 -14%
May 09, 2013 V990056 removed after 85 days
May 11, 2013 V1006637 $3,130,000 $-558,000 -15%
May 21, 2013 V1006637 $3,188,000 $-500,000 -14%

v1006637_1

Current Days on Market: 1181 (3.24years)
Current ‘Official’ Days on Market: 27
2012 Assessment: $3,166,000
2011 Assessment: $3,386,000
Desperation Score: 36.4

This home has been listed for over 3 years with 12 different MLS numbers (not including 2 MLS numbers for the lot back in 2009), 7 price drops and 4 price increases!  It’s still over $200K higher than the price it had for 3 weeks last October!

PRICE! PRICE! PRICE! A quality built home in a quiet and beautiful street Arbutus area. Over 4,00 SF with 4 ensuites up, beautiful cross hall living and dining room layout on main, spacious kitchen with high-end cabinet, stone counter top, eating area, family room and a den. Basement features media room, sauna, recreation room and 2 bedrooms and 2 baths. Custom designed features included A/C, HRV, steam shower and jacuzzi tub in master bedroom, high efficiency energy saving floor heating system, high ceiling all 3 floors, sub-zero fridge, 4 car garage, etc. School: Carnarvon Elementary School and Prince Of Wales Secondary. Good price and good area. Don’t miss it! All meas approx. Buyers need to verify.


#3 ) Address:2656 W 41ST AV, Kerrisdale, Vancouver West

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%

v992255_1

Current Days on Market: 460 (1.26years)
Current ‘Official’ Days on Market: 104
2012 Assessment: $1,945,000
2011 Assessment: Building Unfnished at time of assessment
Desperation Score: 39.5

This Kerrisdale home has “HST included” which is great considering the HST is no longer here… way to stay on top of things.  It has been listed for 1.26 years and it’s another home that is still listed above prices it didn’t sell for last year.  They actually pulled the listing and relisted for 20% higher last October!  Brilliant move – you may have sold at $1.9 if you kept the price there but now you’re going to sell for less

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, Subzero. 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.


#2 ) Address:2167 W 34TH AV, Quilchena, Vancouver West

June 25, 2010 V838946 $2,488,000 $0 0%
September 01, 2010 V838946 removed after 68 days
September 24, 2010 V851576 $2,488,000 $0 0%
October 01, 2010 V851576 removed after 7 days
March 08, 2012 V935855 $5,190,000 $0 0%
April 12, 2012 V935855 $4,960,000 $-230,000 -4%
July 13, 2012 V935855 removed after 127 days
July 20, 2012 V962833 $4,690,000 $-500,000 -10%
October 01, 2012 V962833 removed after 73 days
October 05, 2012 V975277 $4,980,000 $-210,000 -4%
January 09, 2013 V975277 $4,650,000 $-540,000 -10%
January 31, 2013 V975277 removed after 118 days
February 06, 2013 V988850 $4,480,000 $-710,000 -14%
May 02, 2013 V988850 removed after 85 days
May 09, 2013 V1005716 $3,990,000 $-1,200,000 -23%

v1005716_1

Current Days on Market: 456 (1.25years)
Current ‘Official’ Days on Market: 29
2012 Assessment: $3,611,000
2011 Assessment: $3,439,000
Desperation Score: 40.0

This home has dropped $1.2 million after raising their price by $2.7 million following a renovation

Elegantly renovated over 5,000 sq ft luxury living sitting on over 8,500sq ft lot in Vancouver Quilchena cul-de-sac area. South facing. Magnificent water and mountain view from the above level. Grand high ceiling foyer, large and unique design kitchen with brand new high-end appliances. Very Cozy family room, and modern living area. 4 spacious bedrooms up/each with its en suite. Separated entrance basement has media room, wet bar, pool game recreation center, fitness and sauna spa room. Huge line-accessed garage. Japanese garden and north facing private yard. Close to school and community center. School catchment is PG Secondary.


#1 ) Address:1010 W 57TH AV, South Granville, Vancouver West

April 09, 2012 V941837 $6,988,000 $0 0%
July 07, 2012 V941837 $5,988,000 $-1,000,000 -14%
January 16, 2013 V941837 removed after 282 days
January 25, 2013 V987185 $5,488,000 $-1,500,000 -21%
April 24, 2013 V987185 $4,999,888 $-1,988,112 -28%
May 10, 2013 V987185 $4,388,888 $-2,599,112 -37%
June 02, 2013 V987185 $3,999,888 $-2,988,112 -43%

v987185_1

Current Days on Market: 424 (1.16years)
Current ‘Official’ Days on Market: 133
2012 Assessment: $3,353,000
2011 Assessment: $3,152,000
Desperation Score: 50.8

And in first place is this home in South Granville which has dropped 43% and $3 million in a little over a year.  “Please don’t be discouraged by Oak st traffic, built sound proof.” and “easy access to Richmond” 

A truly master piece built by experienced west side builder, Tamanna Holdings. Magnificent custom built quality home located in prestigious South Granville location. Please don’t be discouraged by Oak st traffic, built sound proof. This executive comes with a total of 6880 SF (6128 +750 LWH mentioned in floor area finished bsmt) & consists of 10 bedrooms, 10 bathrooms & 4 kitchens. High end appliances, gourmet kitchen, wok kitchen, wet bar, home theatre, outdoor heated swimming pool, hot tub, steam bath in & outdoor waterfall, central AC, HRV, fenced yard & everything you could think of Churchill Sec, UBC, shopping, transit, easy access to Richmond. Absolute superb quality, design & workmanship. Definitely a pride of ownership.

Monthly Drop Metro Vancouver Detached for May 2013

And we’re back!  I’m probably going to drop to a monthly update for price drops along with various other posts throughout the month such as the desperation meter, the drop from peak and other charts.  I’ve updated the list to a top 20 (instead of 10) and include all active listings not just those that happened to relist or change price since the last time.  Since the report is probably going to be monthly now I figure this makes sense

Here are the 20 detached properties in Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that have dropped the largest percentage overall from their original asking price.  The top 20 have combined for a total drop of $98 MILLION DOLLARS!

Will add comments later – feel free to add your own comments for the time being


#20 ) Address:8035 PASCO RD, Howe Sound, West Vancouver

July 31, 2011 V902907 $7,889,000 $0 0%
August 28, 2011 V902907 $7,200,000 $-689,000 -9%
November 21, 2011 V902907 removed after 113 days
July 13, 2012 V961856 $5,480,000 $-2,409,000 -31%
November 21, 2012 V961856 $4,898,000 $-2,991,000 -38%
February 01, 2013 V961856 removed after 203 days
April 12, 2013 V1000312 $4,898,000 $-2,991,000 -38%

v1000312_1

Current Days on Market: 327 (0.90years)
Current ‘Official’ Days on Market: 54
2012 Assessment: $3,629,000
Desperation Score: 22.0

Live in true West Coast style in this gorgeous 5 bedroom, 5 bathroom, 5,836 sq. ft. waterfront retreat. Features of this luxurious custom built home include heated slate floors, massive wooden beams, floor to ceiling windows that bring the outside in and French doors that lead you to the amazing decks so you can soak in the incredible view. The huge architectural skylights and west exposure provide natural light that is unsurpassed. This home has everything you could ask for in waterfront living from the infinity edged pool and hot tub to the waterside deck. Other features include covered parking for 6 cars, a huge sport court and a gorgeous outdoor f/place and BBQ area. This .8 acre waterfront property is truly spectacular.


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

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%

v998134_1

Current Days on Market: 545 (1.49years)
Current ‘Official’ Days on Market: 68
2012 Assessment: $2,026,000
Desperation Score: 33.1

Significantly rebuilt dream home! 4 bedrooms, 3 bathrooms-meticulously designed, every detail is elite quality. Ocean views from almost every angle. Decandent outdoor living space to the front & back of this expansive property. A private sitting area over Cave Creek! The gourmet kitchen has Bosch appliances, Caesarstone quartz countertops & custom cabinetry. Details: Premium site finished oak floors, radiant heat Italian tile in baths & throughout lower floor. 3 Marquis Collection fireplaces, spa-inspired ensuite, Rinnai tankless on-demand hot water system, Trane forced air furnace & heat pump, Hunter Douglas sun shades & California Closets. This home is for those who enjoy life & entertaining. Come experience the quality.


#18 ) Address:5590 GALLAGHER PL, Eagle Harbour, West Vancouver

September 14, 2007 V668128 $12,888,888 $0 0%
December 17, 2007 V668128 removed after 94 days
August 20, 2009 V782573 $9,980,000 $-2,908,888 -23%
December 01, 2009 V782573 removed after 103 days
January 23, 2010 V805577 $9,288,000 $-3,600,888 -28%
March 20, 2010 V805577 $8,888,800 $-4,000,088 -31%
July 26, 2010 V805577 removed after 184 days
February 24, 2011 V871446 $8,298,000 $-4,590,888 -36%
May 21, 2011 V871446 $8,198,000 $-4,690,888 -36%
June 21, 2011 V871446 removed after 117 days
June 29, 2011 V896798 $7,980,000 $-4,908,888 -38%
November 01, 2011 V896798 removed after 125 days
November 17, 2011 V920061 $7,980,000 $-4,908,888 -38%
April 24, 2012 V920061 removed after 159 days
September 08, 2012 V970327 $7,999,000 $-4,889,888 -38%
January 16, 2013 V970327 removed after 130 days
February 17, 2013 V991319 $7,988,000 $-4,900,888 -38%

v991319_1

Current Days on Market: 832 (2.28years)
Current ‘Official’ Days on Market: 108
2012 Assessment: $7,267,000
Desperation Score: 8.4

An absolutely stunning Lamoureux designed home. Situated over half acre of waterfront, this home is appointed with every luxury one could imagine. Features include Sub-Zero fridges, drawers, bar fridges, Dacor commercial range & ovens, light-touch lighting by Cryderman Electric, media and billiard rooms, complete entertainment bar with cigar fans, wine coolers, bar fridge with ice-maker, edge-grain oak floors, granite, tumbled marble & marble finishings, extensive millwork, 3-car garage, paving stone pathway (ready for golf cart) to your own patio and DOCK on the 200′ of waterfront and more – too much to list. Enjoy the stunning views through Dynamic floor window or from one of the 4 patios (3 covered all with gas & water).


#17 ) Address:5968 MARINE DR, Eagleridge, West Vancouver

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%

v992869_1

Current Days on Market: 588 (1.61years)
Current ‘Official’ Days on Market: 97
2012 Assessment: $4,686,000
Desperation Score: 36.2

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…


#16 ) Address:11520 LAPWING CR, Westwind, Richmond

December 25, 2009 V801653 $1,350,000 $0 0%
April 01, 2010 V801653 removed after 97 days
November 12, 2010 V858270 $1,150,000 $-200,000 -15%
January 20, 2011 V858270 removed after 69 days
May 28, 2011 V890796 $1,275,000 $-75,000 -6%
July 26, 2011 V890796 removed after 59 days
January 25, 2012 V927394 $2,050,000 $0 0%
March 03, 2012 V927394 $1,890,000 $-160,000 -8%
October 18, 2012 V927394 $1,595,888 $-454,112 -22%
January 01, 2013 V927394 removed after 342 days
January 27, 2013 V987465 $1,580,000 $-470,000 -23%
February 20, 2013 V987465 $1,480,000 $-570,000 -28%
April 12, 2013 V987465 removed after 75 days
April 15, 2013 V1001263 $1,380,000 $-670,000 -33%
May 04, 2013 V1001263 $1,280,000 $-770,000 -38%
May 30, 2013 V1001263 $1,248,000 $-802,000 -39%

v1001263_1

Current Days on Market: 497 (1.36years)
Current ‘Official’ Days on Market: 51
2012 Assessment: $1,321,000
2011 Assessment: $1,294,000
Desperation Score: 49.7

WESTWIND – “Think” TUSCANY – Italian Villa, Morocco mystic, east Asian influence. Knock out unique and a FABULOUS property. Quick & easy access to viewing. MUST SEE – Interior delights. Your eyes will pop with excitement & appreciation. Change colors or change arches to square … you can LIVE in your DREAM residence. Excellent floor plan for private home based business or even potential for a side suite on main with separate entrance. 5 Ensuited Bedrooms including one on main. Outstanding Entertainment deck with lovely view of the mountains across the green fields. Come visit & be prepared to be WOWED!


#15 ) Address:5212 GRANVILLE ST, Shaughnessy, Vancouver West

August 20, 2011 V906021 $3,780,000 $0 0%
November 08, 2011 V906021 removed after 80 days
November 10, 2011 V919181 $2,995,000 $-785,000 -21%
February 29, 2012 V919181 removed after 111 days
March 04, 2012 V935126 $2,688,000 $-1,092,000 -29%
September 02, 2012 V935126 removed after 182 days
September 08, 2012 V969787 $2,498,000 $-1,282,000 -34%
December 01, 2012 V969787 removed after 84 days
December 05, 2012 V981817 $2,378,000 $-1,402,000 -37%
March 27, 2013 V981817 $2,498,000 $-1,282,000 -34%
April 16, 2013 V981817 $2,298,000 $-1,482,000 -39%

v981817_1

Current Days on Market: 655 (1.79years)
Current ‘Official’ Days on Market: 182
2012 Assessment: $1,718,500
2011 Assessment: $1,786,800
Desperation Score: 32.2

BEST BUY! UPPER SHAUGHNESSY PICTURESQUE JEWEL!822sqft.garage for 4 cars plus storage.3791sqft. family home with all the bells and whistles. Formal living and dining room with Strauss crystal chandelier. 5 large bedrooms. with 2 master ensuitesDen, large rec. room, family room & bar. 2 gas fireplaces, 31/2 deluxe baths with 2 desirable Jacuzzi tubs. Central air conditioning, wall to wall carpet & Carrara marble throughout. Sat. & cable TV. Elegant crown and floor molding. Built-in vacuum and security system. White rock and concrete exterior. Low overhead & very quiet. Beautiful gardens & in ground sprinkler system. Walk to private & public schools. CORNER LOT 70′ x 145′ OPEN HOUSE SATURDAY JUNE 1ST 2-4


#14 ) Address:4219 FRANCIS RD, Boyd Park, Richmond

August 24, 2007 V665043 $838,888 $0 0%
October 03, 2007 V665043 $818,888 $-20,000 -2%
October 31, 2007 V665043 $798,888 $-40,000 -5%
November 27, 2007 V665043 $759,888 $-79,000 -9%
February 29, 2008 V665043 removed after 189 days
March 08, 2008 V693156 $799,000 $-39,888 -5%
April 12, 2008 V693156 $779,000 $-59,888 -7%
June 07, 2008 V693156 $763,900 $-74,988 -9%
July 05, 2008 V693156 removed after 119 days
July 10, 2008 V721107 $753,900 $-84,988 -10%
September 10, 2008 V721107 removed after 62 days
February 15, 2009 V752581 $728,000 $-110,888 -13%
April 10, 2009 V752581 $715,000 $-123,888 -15%
July 07, 2009 V752581 $708,000 $-130,888 -16%
August 10, 2009 V752581 removed after 176 days
February 25, 2010 V811345 $769,000 $-69,888 -8%
April 08, 2010 V811345 removed after 42 days
January 07, 2012 V923921 $1,498,000 $0 0%
January 27, 2012 V923921 $1,349,000 $-149,000 -10%
March 24, 2012 V923921 removed after 77 days
May 30, 2012 V953229 $1,068,000 $-430,000 -29%
October 01, 2012 V953229 removed after 124 days
October 05, 2012 V975209 $899,000 $-599,000 -40%

v975209_1

Current Days on Market: 515 (1.41years)
Current ‘Official’ Days on Market: 243
2012 Assessment: $787,000
2011 Assessment: $851,000
Desperation Score: 23.1

Well kept rancher with marble tiled entrance and cedar vaulted ceilings throughout. Bright and spacious floor plan. All rooms are large and spacious. The rec room opens onto an enormous deck, perfect for family gatherings. The home is situated right across the Hugh Boyd School. Close to transportation, shopping and recreation. A pleasure to show.


#13 ) Address:1490 BALFOUR AV, Shaughnessy, Vancouver West

February 06, 2010 V808109 $3,500,000 $0 0%
July 01, 2010 V808109 removed after 145 days
July 08, 2010 V840846 $2,990,000 $-510,000 -15%
January 01, 2011 V840846 removed after 177 days
February 02, 2011 V866636 $2,900,000 $-600,000 -17%
April 22, 2011 V866636 $3,100,000 $-400,000 -11%
May 12, 2011 V866636 removed after 99 days
January 18, 2012 V926061 $5,980,000 $0 0%
March 08, 2012 V926061 removed after 50 days
March 12, 2012 V936750 $4,888,000 $-1,092,000 -18%
June 30, 2012 V936750 removed after 110 days
July 27, 2012 V963915 $3,988,000 $-1,992,000 -33%
January 01, 2013 V963915 removed after 158 days
March 29, 2013 V998120 $3,988,000 $-1,992,000 -33%
May 21, 2013 V998120 $3,580,000 $-2,400,000 -40%

v998120_1

Current Days on Market: 504 (1.38years)
Current ‘Official’ Days on Market: 68
2012 Assessment: $3,203,000
2011 Assessment: $3,051,000
2011 Last Sale: $2,980,000 on 21/Apr/2011
Total Profit IF sold for list price: 168,440 transaction costs and 600,000 profit on sale = Profit of 431,560
Desperation Score: 32.7

LOCATION! LOCATION! THE FIRST SHAUGHNESSY IS STILL THE BEST ADDRESS IN VANCOUVER, JUST AS IT WAS MORE THAN 100 YEARS AGO WHEN IT WAS FIRST LAID OUT FOR THE GROWING CITY’S POWERFUL AND WEALTHY. PROPERTIES SUCH AS THIS ARE RARE FINDS IN VANCOUVER’S EXCLUSIVE FIRST SHAUGHNESSY DISTRICT. THIS PRIVATE PROPERTY, SHIELDED FOR PRIVACY BY STONE WALLS, HEDGES AND TREES, IS APPROXIMATELY18,000 SQFT WITH AN IMPRESSIVE 144 FOOT FRONTAGE. THIS CLASSIC SHAUGHNESSY HOME RETAINS MUCH OF ITS ORIGINAL CHARACTER – STAINED GLASS WINDOWS, FOUR FIREPLACES AND EXTENSIVE AND ORIGINAL WOOD TRIM. IN ADDITION TO THE MAIN HOUSE THERE IS ALSO A 900 SQFT COACH HOUSE. RENOVATE OR BUILD A BRAND-NEW HOME. DO NOT MISS THIS OPPORTUNITY


#12 ) Address:5935 MARINE DR, Eagleridge, West Vancouver

April 07, 2011 V880585 $5,288,000 $0 0%
April 21, 2011 V880585 $4,998,000 $-290,000 -5%
June 14, 2011 V880585 $4,498,000 $-790,000 -15%
June 20, 2011 V880585 removed after 74 days
June 23, 2011 V895870 $4,498,000 $-790,000 -15%
September 02, 2011 V895870 removed after 71 days
October 21, 2011 V916656 $4,898,000 $-390,000 -7%
January 23, 2012 V916656 removed after 94 days
February 08, 2012 V930233 $4,298,000 $-990,000 -19%
April 12, 2012 V930233 $3,998,000 $-1,290,000 -24%
August 01, 2012 V930233 removed after 175 days
August 10, 2012 V965867 $3,888,000 $-1,400,000 -26%
November 16, 2012 V965867 removed after 98 days
February 28, 2013 V992691 $3,998,000 $-1,290,000 -24%
April 25, 2013 V992691 removed after 56 days
April 29, 2013 V1003794 $2,999,900 $-2,288,100 -43%
May 06, 2013 V1003794 removed after 7 days
May 21, 2013 V1006856 $3,150,000 $-2,138,000 -40%

v1006856_1

Current Days on Market: 790 (2.16years)
Current ‘Official’ Days on Market: 15
2012 Assessment: $2,532,000
Desperation Score: 42.4

This luxury, 3 level estate home of approximately 5,000 sq. ft. is situated in a very private setting with outstanding south/southwest ocean views from this approximately 14,000 sq.ft, gated property. Enter into a grand foyer. Main level features include gourmet chef’s kitchen, large, open eating area, pantry and adjoining family/media room. Large, open dining and living room are perfect for entertaining. Upper level features a spacious master bedroom with cut granite fire place, 6 pc ensuite, walk-in closet, study and private balconies. 3 additional bedrooms with en-suites. Lower level has a theatre room, custom wine cellar, guest suite and mud room off the large 2 car garage. Incredible ocean views and sunsets from the private terraces for a perfect entertainment setting complete with a lovely negative edge outdoor pool and hot tub. Too many features to list. Minutes to Caulfield Village, Thunderbird Marina and Gleneagles Golf Course and Horseshoe Bay. Don’t miss out!


#11 ) Address:6751 ECKERSLEY RD, Brighouse, Richmond

April 22, 2007 V642662 $880,000 $0 0%
June 11, 2007 V642662 removed after 50 days
March 25, 2010 V817141 $2,920,000 $0 0%
April 29, 2010 V817141 $2,270,000 $-650,000 -22%
May 30, 2010 V817141 removed after 66 days
June 13, 2010 V835215 $1,980,000 $-940,000 -32%
February 01, 2011 V835215 removed after 233 days
March 09, 2011 V874223 $1,950,000 $-970,000 -33%
December 13, 2011 V874223 removed after 279 days
January 13, 2013 V985027 $1,726,000 $-1,194,000 -41%

v985027_1

Current Days on Market: 143 (0.39years)
Current ‘Official’ Days on Market: 143
2012 Assessment: $1,205,000
2011 Assessment: $1,376,000
Desperation Score: 9.9

Rare available huge lot in prime Richmond Centre! Three potential rezoning 66×132′ lots detached homes (6731×6751 Eckersley, 6740 Cooney) for sale together! This 26,136 sq ft land is capable to build more than 42 units with a total 51,000 sq ft apartments (1-3 bedrooms) townhouses; three homes are currently rented for $4,000/month. Hurry up! Bring your offer!


#10 ) Address:6740 COONEY RD, Brighouse, Richmond

March 25, 2010 V817160 $2,920,000 $0 0%
April 29, 2010 V817160 $2,270,000 $-650,000 -22%
May 30, 2010 V817160 removed after 66 days
June 13, 2010 V836266 $1,980,000 $-940,000 -32%
February 01, 2011 V836266 removed after 233 days
March 09, 2011 V874217 $1,950,000 $-970,000 -33%
December 13, 2011 V874217 removed after 279 days
January 13, 2013 V985024 $1,726,000 $-1,194,000 -41%

v985024_1

Current Days on Market: 143 (0.39years)
Current ‘Official’ Days on Market: 143
2012 Assessment: $1,290,000
2011 Assessment: $1,461,000
Desperation Score: 9.9

Rare available huge lot in prime Richmond Centre! Three potential rezoning 66×132′ lots detached homes (6731&6751 Eckersley, 6740 Cooney) for sale together! This 26,136 sq ft land is capable to buld more than 42 units with a total 51,000 sq ft apartment (1-3 bedrooms) townhouses; three homes are currently rented for $4,000/month. Hurry up! Bring your offer!


#9 ) Address:6731 ECKERSLEY RD, Brighouse, Richmond

April 22, 2007 V642682 $880,000 $0 0%
April 24, 2007 V642682 $920,000 $0 0%
June 11, 2007 V642682 removed after 50 days
March 21, 2010 V816683 $2,920,000 $0 0%
April 29, 2010 V816683 $2,270,000 $-650,000 -22%
May 30, 2010 V816683 removed after 70 days
June 13, 2010 V836285 $1,980,000 $-940,000 -32%
February 01, 2011 V836285 removed after 233 days
March 09, 2011 V874212 $1,950,000 $-970,000 -33%
December 13, 2011 V874212 removed after 279 days
January 13, 2013 V985007 $1,726,000 $-1,194,000 -41%

v985007_1

Current Days on Market: 143 (0.39years)
Current ‘Official’ Days on Market: 143
2012 Assessment: $1,290,000
2011 Assessment: $1,461,000
Desperation Score: 9.9

Rare available huge lot in prime Richmond Centre! Three potential rezoning 66×132’t lots detached homes (6731 & 6751 Eckersley, 6740 Cooney) for sale together! This 26,136 sq ft land is capable to build more than 42 units with a total 51,000 sq ft apartments (1-3 bedrooms)/townhomes, three homes are currently rented for $4,000/month. Hurry up! Bring your offer!


#8 ) Address:1010 W 57TH AV, South Granville, Vancouver West

April 09, 2012 V941837 $6,988,000 $0 0%
July 07, 2012 V941837 $5,988,000 $-1,000,000 -14%
January 16, 2013 V941837 removed after 282 days
January 25, 2013 V987185 $5,488,000 $-1,500,000 -21%
April 24, 2013 V987185 $4,999,888 $-1,988,112 -28%
May 10, 2013 V987185 $4,388,888 $-2,599,112 -37%
June 02, 2013 V987185 $3,999,888 $-2,988,112 -43%

v987185_1

Current Days on Market: 422 (1.16years)
Current ‘Official’ Days on Market: 131
2012 Assessment: $3,353,000
2011 Assessment: $3,152,000
Desperation Score: 51.0

A truly master piece built by experienced west side builder, Tamanna Holdings. Magnificent custom built quality home located in prestigious South Granville location. Please don’t be discouraged by Oak st traffic, built sound proof. This executive comes with a total of 6880 SF (6128 +750 LWH mentioned in floor area finished bsmt) & consists of 10 bedrooms, 10 bathrooms & 4 kitchens. High end appliances, gourmet kitchen, wok kitchen, wet bar, home theatre, outdoor heated swimming pool, hot tub, steam bath in & outdoor waterfall, central AC, HRV, fenced yard & everything you could think of Churchill Sec, UBC, shopping, transit, easy access to Richmond. Absolute superb quality, design & workmanship. Definitely a pride of ownership.


#7 ) Address:3390 THE CRESCENT, Shaughnessy, Vancouver West

January 30, 2010 V806985 $17,900,000 $0 0%
August 01, 2010 V806985 removed after 183 days
October 28, 2011 V917626 $31,900,000 $0 0%
September 25, 2012 V917626 removed after 333 days
September 27, 2012 V973696 $22,800,000 $-9,100,000 -29%
January 18, 2013 V973696 $19,900,000 $-12,000,000 -38%
April 16, 2013 V973696 $17,800,000 $-14,100,000 -44%

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Current Days on Market: 586 (1.61years)
Current ‘Official’ Days on Market: 251
2012 Assessment: $16,076,000
2011 Assessment: $15,788,000
Desperation Score: 32.9

Location! In the heart of the 1st Shaughnessy! Rare find 10,516 sf Mansion sets on over One acre in the city’s most exclusive enclave of ‘The Crescent’. The finest and the most prestigious area. Beautiful huge front yard like a private park. Totally rewired and new pipes. The main floor has a grand entry w/a sweeping staircase to second floor. Wok Kitchen, massive living room, & dining room all overlook the garden & pool area. The paneled den, family room & breakfast room open to the large deck which access the garden & pool. The master suite has three dressing rooms, a fireplace. A large recreation room in basement. 5 car garages, a greenhouse & a outdoor pool w/large cab and more.


#6 ) Address:2190 CAMELOT AV, Panorama Village, West Vancouver

August 06, 2011 V903716 $39,900,000 $0 0%
June 01, 2012 V903716 removed after 300 days
April 26, 2013 V1003308 $22,088,000 $-17,812,000 -45%

No Picture

Current Days on Market: 40 (0.11years)
Current ‘Official’ Days on Market: 40
2012 Assessment: $5,557,000
Desperation Score: 24.3

The Property is zoned for single family use (predominantly RS7) and the Seller has obtained a Development Permit and a Preliminary Layout Approval from the District of West Vancouver for a 12 lot single family subdivision of the Property. Upon completion of the subdivision into 12 lots, each lot will be assigned a new civic address on the newly named road called Union Court.


#5 ) Address:3810 MARINE DR, West Bay, West Vancouver

October 29, 2006 V619157 $15,950,000 $0 0%
April 24, 2007 V619157 removed after 177 days
March 11, 2009 V756184 $30,000,000 $0 0%
April 01, 2010 V756184 removed after 386 days
September 17, 2010 V850547 $30,000,000 $0 0%
June 03, 2011 V850547 removed after 259 days
June 08, 2011 V892922 $30,000,000 $0 0%
January 01, 2012 V892922 removed after 207 days
January 19, 2012 V926362 $37,900,000 $0 0%
February 01, 2013 V926362 removed after 379 days
February 03, 2013 V988782 $37,900,000 $0 0%
March 07, 2013 V988782 $28,888,000 $-9,012,000 -24%
April 09, 2013 V988782 removed after 65 days
April 13, 2013 V1000930 $19,888,000 $-18,012,000 -48%

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Current Days on Market: 1547 (4.24years)
Current ‘Official’ Days on Market: 53
2012 Assessment: $6,768,500
Desperation Score: 37.8

Exclusive, private, 34,000 +/- sqft offering approximately 400 +/- feet of waterfront. Surrounded by mature landscaping, an ideal loacation for a beautiful residence with unobstructed exposure to the picturesque waterfront, harbour and cityscapes…Please call for more information..Once in a lifetime opportunity!

 


#4 ) Address:6945 ISLEVIEW RD, Whytecliff, West Vancouver

November 25, 2006 V622369 $5,500,000 $0 0%
January 08, 2007 V622369 removed after 44 days
April 20, 2007 V642168 $5,500,000 $0 0%
May 12, 2007 V642168 $4,995,000 $-505,000 -9%
September 05, 2007 V642168 removed after 138 days
September 14, 2007 V668172 $7,750,000 $0 0%
March 11, 2008 V668172 removed after 179 days
October 21, 2008 V740205 $7,200,000 $-550,000 -7%
February 06, 2009 V740205 removed after 108 days
February 15, 2009 V752408 $6,800,000 $-950,000 -12%
June 25, 2009 V752408 $5,495,000 $-2,255,000 -29%
August 06, 2009 V752408 removed after 172 days
March 03, 2010 V812066 $5,250,000 $-2,500,000 -32%
March 10, 2010 V812066 $5,495,000 $-2,255,000 -29%
June 13, 2010 V812066 $4,950,000 $-2,800,000 -36%
September 22, 2010 V812066 removed after 203 days
September 24, 2010 V851694 $4,479,000 $-3,271,000 -42%
January 27, 2011 V851694 removed after 125 days
February 03, 2011 V866834 $4,479,000 $-3,271,000 -42%
February 11, 2011 V866834 $3,998,000 $-3,752,000 -48%
January 31, 2012 V866834 removed after 362 days
February 16, 2012 V931686 $3,998,000 $-3,752,000 -48%
June 01, 2012 V931686 removed after 106 days
October 24, 2012 V977676 $3,698,000 $-4,052,000 -52%
April 02, 2013 V977676 $3,950,000 $-3,800,000 -49%

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Current Days on Market: 1190 (3.26years)
Current ‘Official’ Days on Market: 224
2012 Assessment: $2,470,000
Desperation Score: 10.5

A magnificent 17,570 sq. ft. Waterfront estate with spectacular NW ocean, island & sunset views of Howe Sound and Bowen Island. Offering approx 105 ft of natural shoreline with an oceanside dock & terrace, this current res feat approx 3274 sq ft on 2 sprawling levels incl a large LR & DR, an open kitchen, 3 spacious bedrooms & large rec rm down. The value of this ppty is mainly in the land & can be purchased in conjunction with its neighbouring ppty (6951 Isleview Road) to create a World Class W/F compound or simply bought to develop your own custom residence. A full topographical survey & model is available. This is a truly spectacular building site & a very rare opportunity!


#3 ) Address:2800 RIVER RD, Terra Nova, Richmond

September 15, 2011 V909969 $8,480,000 $0 0%
October 27, 2011 V909969 removed after 42 days
February 23, 2012 V933025 $6,900,000 $-1,580,000 -19%
May 09, 2012 V933025 removed after 76 days
June 08, 2012 V955210 $5,880,000 $-2,600,000 -31%
May 07, 2013 V955210 removed after 333 days
May 21, 2013 V1007340 $4,288,000 $-4,192,000 -49%

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Current Days on Market: 629 (1.72years)
Current ‘Official’ Days on Market: 15
2012 Assessment: $3,245,000
2011 Assessment: $3,304,000
Desperation Score: 33.8

The Terra Nova neighbourhood in Richmond showcases this stunning custom home, offering over 11,900 sq ft of living space situated on 1.24 acres of lush landscape boasting ample outdoor space which makes it perfect for entertaining with family&friends. Enter into this home and be treated to a large foyer with an extravagant central spiral staircase, and indulge in the luxury of 2 kitchens, 5 large beds, 6 baths, and master suite including a spa-like ensuite, walk-in closet, and private balcony. An at-home theatre, gym, and 42 ft indoor pool with bar exemplifies the luxurious lifestyle this home has to offer. The 3 car garage, air-conditioning, 2 water fountains and elevator make this home a one of a kind masterpiece!


#2 ) Address:1150 HARO ST, West End, Vancouver West

September 11, 2008 V732244 $3,380,000 $0 0%
December 16, 2008 V732244 removed after 96 days
September 16, 2009 V787170 $3,998,000 $0 0%
October 23, 2009 V787170 removed after 37 days
March 10, 2010 V803207 $3,588,888 $-409,112 -10%
May 10, 2010 V803207 removed after 61 days
September 26, 2012 V973445 $2,300,000 $-1,698,000 -42%
November 14, 2012 V973445 $2,250,000 $-1,748,000 -44%
January 19, 2013 V973445 $1,999,999 $-1,998,001 -50%
March 01, 2013 V973445 $1,890,000 $-2,108,000 -53%
April 19, 2013 V973445 removed after 205 days
April 24, 2013 V1002761 $1,790,000 $-2,208,000 -55%

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Current Days on Market: 252 (0.69years)
Current ‘Official’ Days on Market: 42
2012 Assessment: $1,853,000
2011 Assessment: $1,657,000
Desperation Score: 41.5

Be a part of Vancouver’s history with this historical 1892 Circa “Victoria” designed residence which was meticulously restored to original splendor and infused with all the modern conveniences demanded today. It offers prominent entertainment areas, study/office, grand entrance foyer with stunning banister, accentuated ceilings with detailed crown & baseboard moulding, gourmet chefs kitchen, incredible custom millwork and top quality craftsmanship throughout. 3 spacious and elegant bedrooms above. Main living area opening to a private southerm courtyard patio with lush vegetation providing compelete tranquility. This home offers ample storage, 2-car garage with lane access. Truly magnificent!


#1 ) Address:2888 PANORAMA DR, Deep Cove, North Vancouver

July 11, 2010 V841549 $17,900,000 $0 0%
June 07, 2011 V841549 removed after 331 days
June 09, 2011 V892989 $14,900,000 $-3,000,000 -17%
November 01, 2011 V892989 $12,998,000 $-4,902,000 -27%
April 24, 2012 V892989 $10,998,000 $-6,902,000 -39%
August 22, 2012 V892989 $8,990,000 $-8,910,000 -50%
December 02, 2012 V892989 removed after 542 days
December 10, 2012 V982221 $8,990,000 $-8,910,000 -50%
March 23, 2013 V982221 $7,990,000 $-9,910,000 -55%
May 30, 2013 V982221 $7,498,000 $-10,402,000 -58%

v982221_1

Current Days on Market: 1060 (2.90years)
Current ‘Official’ Days on Market: 177
2012 Assessment: $6,130,000
2011 Assessment: $5,947,000
Desperation Score: 39.1

This magnificent WF estate on over 1/2 acre above Indian Arm’s most dramatic cliff & rock formations. This res is wrapped in 270 degrees of coastline vws. Exquisitely crafted, taking 6 painstaking yrs to perfect offering 12,922 sqft w/milled beams, slate roof, crafted w’dwork, natural stone & hardw’ds, vaulted ceilings, timber & steel beam constr, stone FP’s, Chef’s kit w/breakfast bar, EA, adj FR, grand DR priv study. Kids paradise down w/custom I/D bsketb’ll ct, state-of-the-art theatre, fabulous billiard rm w/wet bar, games rm w/professional dart board & air hockey arena. Most incredible hidden passage to a Old World wine cellar & guest accomm. BBQ centre, manicured lawns/gardens & OD F/P. A stunning work of art!