Vancouver Price Drop

Documenting Vancouver real estate price movements

Weekly Drop Suburbs – January 29, 2014

Here are the 10 properties outside of Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that changed their price or were relisted under a new MLS number the previous 1 week AND have dropped the largest percentage overall from their original asking price.



#10 ) Address:# 104 2425 CHURCH ST, Abbotsford West, Abbotsford

March 24, 2013 F1306738 $114,900 $0 0%
April 10, 2013 F1306738 $99,900 $-15,000 -13%
May 05, 2013 F1306738 $89,900 $-25,000 -22%
May 28, 2013 F1306738 removed after 65 days
June 28, 2013 F1315263 $146,900 $0 0%
August 05, 2013 F1315263 $139,900 $-7,000 -5%
September 07, 2013 F1315263 $134,900 $-12,000 -8%
October 06, 2013 F1315263 $129,900 $-17,000 -12%
October 17, 2013 F1315263 $119,900 $-27,000 -18%
October 29, 2013 F1315263 removed after 123 days
November 07, 2013 F1325110 $118,900 $-28,000 -19%
November 27, 2013 F1325110 $111,900 $-35,000 -24%
January 16, 2014 F1325110 $99,990 $-46,910 -32%
January 20, 2014 F1325110 removed after 74 days
January 27, 2014 F1401760 $99,900 $-47,000 -32%

f1401760_1

Current Days on Market: 312 (0.85years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $120,900
Desperation Score: 35.3

Move in ready! Your above ground level 2 bdrm/2 bath new home has been renovated throughout…including new flooring & baseboard, paint, light fixtures, Stainless Steel appliances and much more. Parkview Place is a well managed 55+/no pets/no rental complex with heated underground parking, workshop, meeting & games room. Low taxes and strata fees include gas and hot water. A new efficient boiler has recently been installed…new roof is in this year’s improvement plan. Central location…close to public transit, freeway access and shopping. Your new home is vacant and ready for you unpack you bags!! Call today! * PREC – Personal Real Estate Corporation


#9 ) Address:9895 179TH ST, Fraser Heights, North Surrey

May 11, 2012 F1212218 $1,188,000 $0 0%
May 21, 2013 F1212218 $960,000 $-228,000 -19%
September 16, 2013 F1212218 removed after 493 days
September 30, 2013 F1322686 $880,000 $-308,000 -26%
November 15, 2013 F1322686 $829,000 $-359,000 -30%
January 16, 2014 F1322686 $819,000 $-369,000 -31%
January 29, 2014 F1322686 $799,900 $-388,100 -33%

f1322686_1

Current Days on Market: 629 (1.72years)
Current ‘Official’ Days on Market: 122
2013 Assessment: $751,500
2011 Assessment: $748,500
Desperation Score: 32.9

Beautiful setting for this 2,100 sq.ft. 3 level split home on 1 acre in sought after Fraser Heights. Fully fenced yard featuring fruit trees & ponds. Landscaped w/curbing & hedges. Private. SUNNY all day long. 3 bdrms up incl full bath w/updated vanity & 2 pce ensuite plus full bath. Newer hardwood floors. Kitchen feat. Updated countertops & stainless appliances. Traditional flr plan. Living rm w/cozy fireplace & dining rm w/chandelier. Sunken family rm w/French doors to huge cov patio w/hot tub perfect for yr. round use. Den/office w/built in desk. Huge 4th bdrm or recrm w/sep. entrance. Worksop & storage shed. Lots parking. Close to Marina/Boat Lunch & Private school. Newer roof, h/w tank & furnace just serviced, septic just pumped.


#8 ) Address:22940 48TH AV, Salmon River, Langley

March 17, 2012 F1206833 $5,800,000 $0 0%
April 14, 2012 F1206833 $4,200,000 $-1,600,000 -28%
September 14, 2012 F1206833 removed after 181 days
January 23, 2014 F1401552 $3,900,000 $-1,900,000 -33%

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Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $1,088,000
Desperation Score: 11.4

Attention ALL investors! Huge land of 10.17 acres which has potential development up to 52 lots. Near to Fraser Hwy & minutes to Downtown of Langley. It is not in the ALR area! Great potential for storage buildings, mobile homes &/or agricultural purposes! Drive by for viewing. Lots of potential.


#7 ) Address:1458 248TH ST, Otter District, Langley

September 24, 2008 F2827732 $2,700,000 $0 0%
February 23, 2009 F2827732 removed after 152 days
March 26, 2010 F1007873 $2,900,000 $0 0%
May 28, 2010 F1007873 $2,595,000 $-305,000 -11%
November 30, 2010 F1007873 $2,519,000 $-381,000 -13%
August 29, 2011 F1007873 removed after 521 days
August 31, 2011 F1121868 $2,515,000 $-385,000 -13%
October 05, 2011 F1121868 $2,499,900 $-400,100 -14%
December 01, 2011 F1121868 removed after 92 days
May 21, 2013 F1311892 $1,950,000 $-950,000 -33%
January 28, 2014 F1311892 $1,895,000 $-1,005,000 -35%

f1311892_1

Current Days on Market: 254 (0.70years)
Current ‘Official’ Days on Market: 254
2013 Assessment: Farm Land
Desperation Score: 17.0

Beautifully gently rolling 40.27 acres in South Langley. Well drained, mostly level pastures except for approx 5 acres of mature forest. Stunning Mt. Baker views, 3100 sq ft home, double garage, fully finished bsmt with 700 sq ft unauthorized suite with separate entry. Large 99’x138′ former dairy barn, functional for any of your uses. New high end furnace, water filtration system, 3 wells, gated, fenced & cross fenced. Sellers said “never been sprayed” should be good for organics. This would make a great equestrian estate, tons of potential, priced to sell! * PREC – Personal Real Estate Corporation


#6 ) Address:10928 N DEROCHE RD, Dewdney/ Deroche, Mission

August 28, 2007 F2722132 $490,000 $0 0%
October 02, 2007 F2722132 removed after 35 days
June 07, 2008 F2817167 $539,900 $0 0%
July 01, 2008 F2817167 $519,000 $-20,900 -4%
July 26, 2008 F2817167 $499,900 $-40,000 -7%
October 22, 2008 F2817167 removed after 137 days
February 22, 2011 F1104493 $508,800 $-31,100 -6%
March 24, 2011 F1104493 $488,800 $-51,100 -9%
April 08, 2011 F1104493 $485,800 $-54,100 -10%
April 22, 2011 F1104493 $480,200 $-59,700 -11%
May 06, 2011 F1104493 $480,800 $-59,100 -11%
May 14, 2011 F1104493 $478,800 $-61,100 -11%
May 20, 2011 F1104493 $475,800 $-64,100 -12%
June 10, 2011 F1104493 $469,800 $-70,100 -13%
June 25, 2011 F1104493 $465,800 $-74,100 -14%
September 11, 2011 F1104493 removed after 201 days
March 02, 2013 F1304787 $430,000 $-109,900 -20%
October 30, 2013 F1304787 removed after 242 days
November 27, 2013 F1326241 $369,000 $-170,900 -32%
January 04, 2014 F1326241 $344,900 $-195,000 -36%
January 23, 2014 F1326241 $342,900 $-197,000 -36%

f1326241_1

Current Days on Market: 334 (0.92years)
Current ‘Official’ Days on Market: 64
2013 Assessment: $373,000
Desperation Score: 19.9

VIEWS!!! VIEWS!!! VIEWS!!! 3 BR rancher on 1.23 PRIVATE acres!!! Beautiful views of the Fraser Valley! Totally private!!! Situated at the dead end of a country street with a long driveway off the road! Has low unfinished walk-out basement (great for storage)!!! Double garage! Hurry on this one!!!


#5 ) Address:# 204 1480 FOSTER ST, White Rock, White Rock

January 08, 2007 F2700039 $299,900 $0 0%
March 22, 2007 F2700039 $279,000 $-20,900 -7%
May 10, 2007 F2700039 $249,900 $-50,000 -17%
May 25, 2007 F2700039 removed after 137 days
August 09, 2013 F1318557 $199,000 $-100,900 -34%
November 11, 2013 F1318557 removed after 94 days
January 23, 2014 F1401330 $184,900 $-115,000 -38%

f1401330_1

Current Days on Market: 174 (0.48years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $192,400
2011 Assessment: $225,000
Desperation Score: 11.8

Desirable White Rock Square 1 is home to this bright & beautifully maintained 1 bedroom 1 bathroom condo in central uptown location. Features include open floor plan, spacious kitchen & enclosed sunroom, ideal for office or breakfast room. Large master bedroom & renovated ensuite with brand new oversized walk-in shower & shower heads. Convenient in-suite laundry, large storage locker & secure parking. Relax & enjoy stunning ocean views from roof top patio. Entertain in the beautiful Penthouse lounge with games room, kitchen, sauna and rec room. Superior concrete building has newer elevator, boiler, roof, renovated lobby and is only steps to shops, transit & services. No pets, no rentals, no age restrictions, but adult oriented.


#4 ) Address:# 2703 13618 100TH AV, Whalley, North Surrey

March 18, 2008 F2807078 $379,000 $0 0%
April 01, 2008 F2807078 $359,000 $-20,000 -5%
April 30, 2008 F2807078 $329,000 $-50,000 -13%
September 05, 2008 F2807078 removed after 171 days
January 16, 2014 F1327408 $229,000 $-150,000 -40%
January 29, 2014 F1327408 $219,000 $-160,000 -42%

No Image

Current Days on Market: 14 (0.04years)
Current ‘Official’ Days on Market: 14
2013 Assessment: $229,000
2011 Assessment: $226,000
Desperation Score: 15.8

The views at Infinity Towers are unobstructed and unmatched. This concrete high rise is the best value in the lower mainland by far. Located beside the King George Skytrain Station, destinations throughout Vancouver area are an easy commute. Whether it’s for work or play the Skytrain makes for car free living. An urban village with shops, services and cafes will be at your door step to provide you with daily conveniences. Nearby major developments happening such as Surrey Memorial Hospital Expansion, RCMP Headquarters and the new Surrey City Hall, etc.


#3 ) Address:# DL 8296 LILLOOET LAKE RD, Pemberton, Whistler/Pemberton

April 09, 2012 V942117 $169,000 $0 0%
September 25, 2012 V942117 $149,900 $-19,100 -11%
January 10, 2013 V942117 $144,900 $-24,100 -14%
February 15, 2013 V942117 $129,900 $-39,100 -23%
May 21, 2013 V942117 $109,000 $-60,000 -36%
September 02, 2013 V942117 removed after 511 days
September 30, 2013 V1029683 $104,900 $-64,100 -38%
January 28, 2014 V1029683 $94,900 $-74,100 -44%

v1029683_1

Current Days on Market: 661 (1.81years)
Current ‘Official’ Days on Market: 122
2013 Assessment: Unknown
Desperation Score: 19.2

Rare opportunity to purchase a waterfront acreage with rustic cabin situated on Lillooet Lake. Beautiful secluded location, surrounded by mountains and water. The sounds of Joffre creek in the background while you sit outside and enjoy the spectacular scenery. Only 1.5 hours from Vancouver to this property, the log cabin was built in the 1970s and has a large open plan with loft, lots of room for a large family. Crown leasehold property. Some conditions apply. Contact today for more information.


#2 ) Address:4703 CAMERON RD, Pender Harbour, Sunshine Coast

March 09, 2012 V903605 $399,000 $0 0%
March 31, 2012 V903605 removed after 22 days
April 02, 2012 V916948 $1,499,000 $0 0%
June 16, 2012 V916948 $1,299,000 $-200,000 -13%
January 01, 2013 V916948 removed after 274 days
September 05, 2013 V1025093 $955,500 $-543,500 -36%
October 06, 2013 V1025093 $903,000 $-596,000 -40%
November 23, 2013 V1025093 removed after 79 days
December 17, 2013 V1038918 $859,900 $-639,100 -43%
January 29, 2014 V1038918 $839,900 $-659,100 -44%

v1038918_1

Current Days on Market: 147 (0.40years)
Current ‘Official’ Days on Market: 44
2013 Assessment: $912,000
Desperation Score: 37.6

Beautiful home in desirable Arbutus Landing, this is a stunning waterfront property. The south-facing ocean views can be enjoyed from the amazing deck. The open plan layout of the living areas is enhanced by the feature wood-burningfireplace. Hardwood flooring flows throughout the dining and living rooms. This is an area of outstanding natural beauty, and this is the home to enjoy it from.


#1 ) Address:12686 232ND ST, East Central, Maple Ridge

August 31, 2011 V907325 $1,200,000 $0 0%
December 01, 2011 V907325 removed after 92 days
March 04, 2012 V935192 $950,000 $-250,000 -21%
June 30, 2012 V935192 removed after 118 days
July 26, 2012 V963809 $950,000 $-250,000 -21%
January 10, 2013 V963809 removed after 168 days
March 14, 2013 V995613 $800,000 $-400,000 -33%
August 01, 2013 V995613 removed after 140 days
September 28, 2013 V1029180 $625,900 $-574,100 -48%
October 29, 2013 V1029180 $579,900 $-620,100 -52%
November 23, 2013 V1029180 $539,900 $-660,100 -55%
December 28, 2013 V1029180 $523,900 $-676,100 -56%
January 27, 2014 V1029180 $509,900 $-690,100 -58%

v1029180_1

Current Days on Market: 883 (2.42years)
Current ‘Official’ Days on Market: 124
2013 Assessment: $737,000
Desperation Score: 48.2

SOLD AS IS – WHERE IS. Approximately 4.77 Acres with great potential, close to Yennadon Elementary school & other amenities.

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8 responses to “Weekly Drop Suburbs – January 29, 2014

  1. chingon_15 January 29, 2014 at 3:55 pm

    So glad to have you back Observer. Any chance you could spotlight the Tri-Cities as I noticed that they didn’t make it onto this Burbs list. Specifically, I’ve been following the development in Burke Mountain and am curious if sales are strong or dropping like everywhere else.

    Thanks for the consideration, looking forward to your next post.

  2. Re-diculous January 29, 2014 at 4:26 pm

    Welcome back! I missed You

  3. Craig Sterling January 29, 2014 at 4:34 pm

    Echoing Chingon with my thanks… and a request for you to take a look at the gulf islands some time if you can find the time. Great to have you back, and thank you again.

  4. Aman Gupta January 29, 2014 at 5:34 pm

    It is so nice to have you back. I follow this post as my favourite. Keep it up!

  5. anon January 29, 2014 at 6:41 pm

    Most asking prices are below assessments in the suburbans!

    But in Vancouver/richmond/Burnaby are still way over assessments.

  6. Leomoner January 29, 2014 at 11:40 pm

    Welcome back! We really missed you! Keep up the good work

  7. CM January 31, 2014 at 4:10 pm

    Have a look at this place: http://www.youtube.com/watch?v=9-lGwHEwiDI
    it started i think at 4M and just got listed today for 2M. What a mess.

  8. Star February 4, 2014 at 6:00 pm

    I really enjoy getting your emails. Thank you so much for doing this. I left Vancouver Island a couple of years ago for better employment in Northern Alberta but do plan on heading back to BC at some point. Love keeping up with what’s going on real estate wise.

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