Vancouver Price Drop

Documenting Vancouver real estate price movements

Monthly Archives: February 2014

Weekly Drop Suburbs – February 26, 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.

Maple Ridge leads the way with 3 entries


#10 ) Address:43728 RYALL RD, Lake Erock, Mission

March 29, 2008 F2808244 $339,900 $0 0%
May 17, 2008 F2808244 $307,500 $-32,400 -10%
May 26, 2008 F2808244 $299,900 $-40,000 -12%
July 08, 2008 F2808244 removed after 101 days
March 06, 2009 F2904394 $319,000 $-20,900 -6%
March 11, 2009 F2904394 removed after 5 days
August 29, 2013 F1320146 $219,900 $-120,000 -35%
September 07, 2013 F1320146 $199,900 $-140,000 -41%
October 17, 2013 F1320146 removed after 49 days
February 10, 2014 F1403011 $218,000 $-121,900 -36%
February 25, 2014 F1403011 $209,000 $-130,900 -39%

f1403011_1

Current Days on Market: 182 (0.50years)
Current ‘Official’ Days on Market: 17
2013 Assessment: $197,000
Desperation Score: 17.7

Here it is, your little piece of paradise. Located close to Sandpiper Golf Course, Hemlock Valley Ski Resort, and Harrison Hot Springs makes this affordable property perfect for year round living or a great family getaway. Lake Errock is just steps away from your driveway fenced yard and new large 12×20 front deck to BBQ & lounge in the sun. New roof put on in 2009. There is also a 12×23 shed/workshop for your tools & hobbies. Inside you will find a maple kitchen, cedar beams, cozy wood stove & balconies off both upstairs bedrooms. You will fall in love with this quiet lake side community.

In March of 2009 it was pulled after just 5 days – I’m thinking this must have been a sale at near the $300K mark or close to 50% above the current list price


#9 ) Address:# 119 13958 108TH AV, Whalley, North Surrey

May 05, 2009 F2906001 $269,900 $0 0%
June 03, 2009 F2906001 removed after 29 days
July 25, 2009 F2916692 $244,900 $-25,000 -9%
October 29, 2009 F2916692 removed after 96 days
February 24, 2014 F1404316 $164,900 $-105,000 -39%

f1404316_1

Current Days on Market: 3 (0.01years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $201,200
2011 Assessment: $205,300
Desperation Score: 11.2

WOW!!! Here it is. Absolutely perfect for someone looking for a great place at a very affordable price. This home has it all. Ground level with 2 patios, the back patio is very private and overlooks the School yard sports field. The unit features all the modern fixtures making it proud to call home. Features include dark laminate floors, granite counter tops with tile floors in the bathrooms, kitchen has granite counters with breakfast bar sitting area, dark shaker style cabinets, the master bedroom has a small walk in closet, and a full 4 pc. en-suite. The in suite laundry has some storage space as well. There is a front patio and a door from the Master suite to access the huge back patio that is very private. Hurry on this one.

Another condo listed 50% higher (and likely purchased) 5 years ago


#8 ) Address:# 37 14500 MORRIS VALLEY RD, Lake Erock, Mission

July 01, 2008 F2819535 $269,000 $0 0%
October 01, 2008 F2819535 removed after 92 days
June 26, 2010 F1018080 $209,900 $-59,100 -22%
January 02, 2011 F1018080 removed after 190 days
May 11, 2011 F1112215 $199,000 $-70,000 -26%
August 31, 2011 F1112215 $185,000 $-84,000 -31%
January 01, 2012 F1112215 removed after 235 days
February 26, 2014 F1404496 $164,000 $-105,000 -39%

No Picture

Current Days on Market: 1 (0.00years)
Current ‘Official’ Days on Market: 1
2013 Assessment: $151,000
Desperation Score: 7.0

Large Waterfront lot in Eagle Point Estates with Incredible VIEWS of the Harrison River. You get Exception & value at this price for this fully serviced and ready to build on property. Located Next to Sandpiper Golf Resort and only 15 minutes to Harrison Hot Springs or Hemlock Valley. Enjoy your Recreation and retirement in this beautiful natural environment. This is a great deal, HURRY, Call now for your personal viewing.


#7 ) Address:7433 200TH ST, Willoughby Heights, Langley

July 31, 2008 F2822984 $1,200,000 $0 0%
January 31, 2009 F2822984 removed after 184 days
September 05, 2013 F1320599 $1,650,000 $0 0%
December 13, 2013 F1320599 removed after 99 days
December 21, 2013 F1327287 $1,599,000 $-51,000 -3%
February 05, 2014 F1327287 $1,199,000 $-451,000 -27%
February 20, 2014 F1327287 removed after 61 days
February 22, 2014 F1404221 $999,000 $-651,000 -39%

No Picture

Current Days on Market: 175 (0.48years)
Current ‘Official’ Days on Market: 5
2013 Assessment: $749,700
Desperation Score: 44.6

Investor’s Alert! 0.96 acre developmental property sitting in the heart of Willoughby. Right on Latimer Neighbourhood plan, this property has a potential to be rezoned for 40-60 units of apartment building. Close to almost all amenities including costco, walmart, rec centre, schools, and transit. Don’t be late!

Was listed 60% higher than the current list price just 3 weeks ago!


#6 ) Address:# 205 12769 72ND AV, West Newton, Surrey

October 05, 2007 F2725478 $189,500 $0 0%
February 28, 2008 F2725478 removed after 146 days
April 20, 2008 F2810627 $199,000 $0 0%
August 01, 2008 F2810627 removed after 103 days
January 21, 2010 F1001531 $209,000 $0 0%
February 10, 2010 F1001531 $199,000 $-10,000 -5%
August 01, 2010 F1001531 removed after 192 days
August 26, 2010 F1022209 $187,900 $-21,100 -10%
February 18, 2011 F1022209 removed after 176 days
March 23, 2011 F1107612 $185,900 $-23,100 -11%
August 01, 2011 F1107612 removed after 131 days
November 11, 2011 F1127631 $178,888 $-30,112 -14%
June 30, 2012 F1127631 removed after 232 days
February 03, 2014 F1402533 $129,900 $-79,100 -38%
February 26, 2014 F1402533 $124,900 $-84,100 -40%

f1402533_1

Current Days on Market: 24 (0.07years)
Current ‘Official’ Days on Market: 24
2013 Assessment: $137,000
2011 Assessment: $152,800
Desperation Score: 13.9

Ideally situated in the complex. Spacious 1 bedroom plus a DEN, perfect for a home office or childs room. Huge private sundeck overlooking east. Living room has laminate floor with a cozy gas fireplace. Central location within walking distance to parks, schools, and more!


#5 ) Address:# 411 11595 FRASER ST, East Central, Maple Ridge

November 10, 2006 V620565 $219,900 $0 0%
August 10, 2007 V620565 removed after 273 days
October 31, 2007 V675904 $235,000 $0 0%
February 15, 2008 V675904 removed after 107 days
January 07, 2012 V923794 $244,900 $0 0%
March 08, 2012 V923794 removed after 61 days
November 29, 2013 V1037506 $169,000 $-75,900 -31%
December 17, 2013 V1037506 $159,000 $-85,900 -35%
January 16, 2014 V1037506 $156,900 $-88,000 -36%
January 31, 2014 V1037506 $149,000 $-95,900 -39%
February 21, 2014 V1037506 $143,000 $-101,900 -42%

v1037506_1

Current Days on Market: 90 (0.25years)
Current ‘Official’ Days on Market: 90
2013 Assessment: $197,100
Desperation Score: 21.4

BIG, BRIGHT top floor corner suite with vaulted ceilings and skylights close to all amenities. 2 bedrooms and 2 full bathrooms, in-suite laundry, gas fireplace and baseboard heating. A little updating will go a long way to make this a very comfortable home. You won’t even need a car as you are centrally located and close to shopping and public transit. Best of all, commuters can walk to the West Coast Express for an easy ride to downtown Vancouver.

Listed 70% higher just 2 years ago


#4 ) Address:5848 175 ST, Cloverdale BC, Cloverdale

February 25, 2012 F1204886 $1,600,000 $0 0%
April 04, 2012 F1204886 $1,100,000 $-500,000 -31%
June 23, 2012 F1204886 $999,900 $-600,100 -38%
January 01, 2013 F1204886 removed after 311 days
January 10, 2013 F1300509 $999,900 $-600,100 -38%
June 30, 2013 F1300509 removed after 171 days
October 11, 2013 F1323442 $965,000 $-635,000 -40%
November 03, 2013 F1323442 removed after 23 days
February 26, 2014 F1404372 $919,900 $-680,100 -43%

f1404372_1

Current Days on Market: 733 (2.01years)
Current ‘Official’ Days on Market: 1
2013 Assessment: $533,800
Desperation Score: 17.9

Attention INVESTORS/DEVELOPERS 15,000 sq.ft. lot designated for medium density development in Prime location, close to all amenities. Great 4 bedroom home on a large lot featuring 2 full bathrooms and lots of storage space throughout. Lots of parking for RV and large detached garage. Hold now and build later. Please verify all zoning details with the City.

 

 

#3 ) Address:35407 MCKEE RD, Abbotsford East, Abbotsford

December 15, 2006 F2627046 $1,300,000 $0 0%
July 01, 2007 F2627046 removed after 198 days
July 21, 2007 F2718993 $1,300,000 $0 0%
January 05, 2008 F2718993 removed after 168 days
March 07, 2008 F2805807 $1,250,000 $-50,000 -4%
July 01, 2008 F2805807 removed after 116 days
July 15, 2008 F2821064 $1,250,000 $-50,000 -4%
September 21, 2008 F2821064 $1,198,000 $-102,000 -8%
October 01, 2008 F2821064 removed after 78 days
October 09, 2008 F2829175 $1,199,000 $-101,000 -8%
January 31, 2009 F2829175 removed after 114 days
April 17, 2009 F2908077 $1,250,000 $-50,000 -4%
June 11, 2009 F2908077 $1,125,000 $-175,000 -13%
January 17, 2010 F2908077 removed after 275 days
July 30, 2011 F1119393 $1,049,000 $-251,000 -19%
November 01, 2011 F1119393 removed after 94 days
January 16, 2014 F1400467 $649,900 $-650,100 -50%
February 21, 2014 F1400467 $629,900 $-670,100 -52%

No Picture

Current Days on Market: 42 (0.12years)
Current ‘Official’ Days on Market: 42
2013 Assessment: $669,000
2011 Assessment: Unknown
Desperation Score: 28.6

Court order sale, 4 bedroom home, quality finishings, near school and transportation. Circular driveway, double garage plus single carport, cul-de-sac location. Kitchen require and some interior doors.

“Court order sale”, “Kitchen require and some interior doors.”


#2 ) Address:25084 112TH AV, Thornhill, Maple Ridge

February 10, 2008 V688293 $2,099,000 $0 0%
November 27, 2008 V688293 $1,750,000 $-349,000 -17%
May 28, 2010 V688293 $1,500,000 $-599,000 -29%
January 01, 2011 V688293 removed after 1056 days
February 26, 2014 V1049098 $999,000 $-1,100,000 -52%

v1049098_1

Current Days on Market: 1 (0.00years)
Current ‘Official’ Days on Market: 1
2013 Assessment: $659,000
Desperation Score: 22.6

‘Albion Development area’ 4.85 Acres designated residential development in the Official Community Plan. Recent Community Amenity program bylaws will permit density bonus and amenity contributions. Great location near new ‘Grant Hill’ development. Features 4 bdrm rancher with great potential for holding until developed. Great property for residential development.


#1 ) Address:11920 228TH ST, East Central, Maple Ridge

February 13, 2009 V751855 $4,490,000 $0 0%
May 01, 2009 V751855 removed after 77 days
April 17, 2011 V882836 $3,590,000 $-900,000 -20%
July 15, 2011 V882836 $3,390,000 $-1,100,000 -24%
September 08, 2011 V882836 $2,995,000 $-1,495,000 -33%
October 22, 2011 V882836 $2,699,000 $-1,791,000 -40%
January 09, 2012 V882836 removed after 267 days
January 21, 2012 V926926 $2,500,000 $-1,990,000 -44%
January 26, 2012 V926926 $2,380,000 $-2,110,000 -47%
April 12, 2012 V926926 removed after 82 days
April 16, 2012 V943461 $2,380,000 $-2,110,000 -47%
May 25, 2012 V943461 removed after 39 days
May 30, 2012 V953297 $2,185,000 $-2,305,000 -51%
August 22, 2012 V953297 removed after 84 days
August 24, 2012 V967838 $1,995,000 $-2,495,000 -56%
January 01, 2013 V967838 removed after 130 days
February 24, 2014 V1048913 $1,979,000 $-2,511,000 -56%

v1048913_1

Current Days on Market: 3 (0.01years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $1,973,000
Desperation Score: 8.6

Zoned for highrise, previous application was for 156 units and was ready for building permit. New development permit would be required. Great potential to rezone to C-3 Commercial.

Weekly Drop Metro Vancouver Attached – February 25, 2014

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

The condo market continues to get hammered and with so much new inventory coming along with new rules regarding depreciation reports I believe it’s going to get much worse.


#10 ) Address:# 2606 6540 BURLINGTON AV, Metrotown, Burnaby

June 06, 2008 V714151 $720,000 $0 0%
July 06, 2008 V714151 $668,000 $-52,000 -7%
September 07, 2008 V714151 removed after 93 days
April 26, 2012 V945828 $698,800 $-21,200 -3%
August 01, 2012 V945828 removed after 97 days
August 22, 2012 V967508 $688,888 $-31,112 -4%
December 16, 2012 V967508 removed after 116 days
December 20, 2012 V982936 $688,888 $-31,112 -4%
April 01, 2013 V982936 removed after 102 days
February 21, 2014 V1048199 $529,900 $-190,100 -26%

v1048199_1

Current Days on Market: 5 (0.01years)
Current ‘Official’ Days on Market: 5
2013 Assessment: $563,000
2011 Assessment: $706,000
Desperation Score: 16.9

Penthouse, two level! Spectacular, panoramic, breathtaking views frm SFU to the Gulf Islands & Tsawwassan! Stunning & elegant best describes this stylish, completely reno 2 lvl, spacious, loft-style, 2 bed + den/flex penthouse at BurlingtonSquare. No expenses spared in the custom contemporary design & finishings! Other ftrs incl oversized bedrooms & bthrms, spacious open living area w/ vaulted ceiling & bay windows, balcony off DR, 350 sf rooftop deck, 2 parking & 1 storage locker. Excellent amenities incl squash court, hot tub, sauna & rec lounge. Steps to Metrotown, transit, Skytrain, Bonsor Rec Centre, T&T & all your other daily essentials! Building is re-roofed, re-piped & its elevator is upgraded. Low strata fee incl hot water.

Assessment down 20% in 2 years and they’ve abandoned the magic 8’s in the price.  I’m wondering if this is a foreclosure


#9 ) Address:# 301 1480 DUCHESS AV, Ambleside, West Vancouver

January 23, 2010 V805583 $679,000 $0 0%
February 15, 2010 V805583 removed after 23 days
May 30, 2010 V833743 $978,000 $0 0%
July 08, 2010 V833743 $939,000 $-39,000 -4%
September 08, 2010 V833743 removed after 101 days
September 10, 2010 V849302 $959,000 $-19,000 -2%
November 16, 2010 V849302 removed after 67 days
November 20, 2010 V858996 $899,000 $-79,000 -8%
January 27, 2011 V858996 removed after 68 days
January 30, 2011 V866214 $888,000 $-90,000 -9%
February 25, 2011 V866214 removed after 26 days
March 05, 2011 V873570 $898,000 $-80,000 -8%
March 29, 2011 V873570 removed after 24 days
October 20, 2012 V977410 $819,000 $-159,000 -16%
February 13, 2013 V977410 removed after 116 days
February 17, 2013 V991177 $789,000 $-189,000 -19%
March 10, 2013 V991177 removed after 21 days
March 14, 2013 V995569 $699,000 $-279,000 -29%
March 25, 2013 V995569 removed after 11 days
April 10, 2013 V999834 $798,000 $-180,000 -18%
June 07, 2013 V999834 removed after 58 days
June 15, 2013 V1012363 $779,000 $-199,000 -20%
August 24, 2013 V1012363 removed after 70 days
September 05, 2013 V1025064 $779,000 $-199,000 -20%
November 15, 2013 V1025064 removed after 71 days
January 31, 2014 V1044269 $740,000 $-238,000 -24%
February 19, 2014 V1044269 $719,000 $-259,000 -26%

v1044269_1

Current Days on Market: 494 (1.35years)
Current ‘Official’ Days on Market: 26
2013 Assessment: $745,000
Desperation Score: 35.8

Top 5 reasons this unit is a gem. #1 LOCATION – Situated only a few blocks from Ambleside park, Marine Dr restaurants, and Park Royal shopping center. #2 VIEW – Amazing south western exposure with views of Lions Gate to UBC from every room. #3 RENOVATIONS – Beautifully updated custom kitchen including stainless appliances, Caeser stone countertops, solid wood cabinets. New hardwood flooring through-out and fully modernized bathrooms. It’s gorgeous. #4 LAY-OUT – Open concept kitchen with dining area, huge pantry, over sized master with walk-thru closet and ensuite. #5 PRICE – Priced sharp for quick sell and below assessed value. OPEN HOUSE Sun Feb 16th 2-4pm. Don’t miss this one. No pets, No rentals, 19+, No worries. *click multimedia button for video*

13 MLS numbers and counting


#8 ) Address:# 203 120 E 4TH ST, Lower Lonsdale, North Vancouver

February 07, 2010 V808535 $269,900 $0 0%
March 06, 2010 V808535 $259,900 $-10,000 -4%
April 06, 2010 V808535 removed after 58 days
May 13, 2010 V829658 $259,900 $-10,000 -4%
May 25, 2010 V829658 removed after 12 days
June 30, 2011 V897004 $259,900 $-10,000 -4%
September 09, 2011 V897004 $254,900 $-15,000 -6%
September 20, 2011 V897004 $250,000 $-19,900 -7%
December 15, 2011 V897004 removed after 168 days
January 08, 2012 V924027 $249,900 $-20,000 -7%
January 31, 2012 V924027 $244,900 $-25,000 -9%
March 02, 2012 V924027 $239,900 $-30,000 -11%
April 08, 2012 V924027 removed after 91 days
April 18, 2012 V943727 $244,900 $-25,000 -9%
June 13, 2012 V943727 removed after 56 days
July 23, 2012 V963443 $239,900 $-30,000 -11%
September 05, 2012 V963443 $233,900 $-36,000 -13%
September 11, 2012 V963443 $229,900 $-40,000 -15%
September 18, 2012 V963443 $219,900 $-50,000 -19%
February 01, 2013 V963443 removed after 193 days
February 13, 2013 V989772 $219,900 $-50,000 -19%
March 07, 2013 V989772 $216,900 $-53,000 -20%
April 04, 2013 V989772 $209,900 $-60,000 -22%
June 30, 2013 V989772 removed after 137 days
July 10, 2013 V1016744 $210,000 $-59,900 -22%
October 30, 2013 V1016744 removed after 112 days
November 23, 2013 V1036663 $209,000 $-60,900 -23%
January 17, 2014 V1036663 $205,000 $-64,900 -24%
January 28, 2014 V1036663 $200,000 $-69,900 -26%
February 19, 2014 V1036663 $193,900 $-76,000 -28%

v1036663_1

Current Days on Market: 972 (2.66years)
Current ‘Official’ Days on Market: 95
2013 Assessment: $189,500
Desperation Score: 19.1

Tremendous value with his spacious 664sq/ft 1 bedroom suite in a well run mostly owner occupied building steps to Lonsdale, easy walk to Lonsdale Quay & Sea bus. The suite has been well maintained by resident owner with updates in kitchen/bathroom & laminate floors. Enclosed balcony is perfect to enjoy your morning coffee or create a den. Take in the private treed outlook. Parking, locker & 1 dog/cat allowed. The roof has been replaced. Call today for your private showing or come along to our OPEN HOUSE on SUNDAY 23rd FEBRUARY 3pm-4pm

Listed for almost 3 years but still above assessment but don’t worry, 40 year old condo’s often sell for above assessment…  See you in #1 spot some time soon


#7 ) Address:# 312 8511 WESTMINSTER HY, Brighouse, Richmond

February 11, 2010 V809044 $208,000 $0 0%
January 01, 2011 V809044 removed after 324 days
March 25, 2011 V877806 $289,000 $0 0%
July 29, 2011 V877806 $229,000 $-60,000 -21%
October 31, 2011 V877806 removed after 220 days
November 19, 2011 V920275 $209,900 $-79,100 -27%
October 01, 2012 V920275 removed after 317 days
February 21, 2014 V1048048 $207,000 $-82,000 -28%

No Picture

Current Days on Market: 5 (0.01years)
Current ‘Official’ Days on Market: 5
2013 Assessment: $205,700
2011 Assessment: $216,000
Desperation Score: 3.0

Good and bright unit with potential. Vault ceiling, sunken living room, wood burning fireplace to name a few. Heat and water included in maintenance fee. With some renovation it can turn into a nice and trendy first time buyer home.

That entire description is code for “This place is a dump, enter at own risk”.  Another 30 year old condo listed above assessment


#6 ) Address:# 310 4111 BAYVIEW ST, Steveston South, Richmond

May 04, 2012 V947557 $879,000 $0 0%
May 11, 2012 V947557 $849,000 $-30,000 -3%
May 23, 2012 V947557 $819,000 $-60,000 -7%
June 04, 2012 V947557 removed after 31 days
June 09, 2012 V955561 $789,000 $-90,000 -10%
June 22, 2012 V955561 $749,000 $-130,000 -15%
July 24, 2012 V955561 $689,000 $-190,000 -22%
September 01, 2012 V955561 removed after 84 days
September 08, 2012 V970245 $689,000 $-190,000 -22%
January 01, 2013 V970245 removed after 115 days
March 14, 2013 V995580 $689,000 $-190,000 -22%
March 29, 2013 V995580 $669,000 $-210,000 -24%
May 22, 2013 V995580 removed after 69 days
June 02, 2013 V1009977 $669,000 $-210,000 -24%
June 20, 2013 V1009977 $649,000 $-230,000 -26%
September 23, 2013 V1009977 removed after 113 days
November 27, 2013 V1037163 $638,800 $-240,200 -27%
February 19, 2014 V1037163 $625,000 $-254,000 -29%

v1037163_1

Current Days on Market: 663 (1.82years)
Current ‘Official’ Days on Market: 91
2013 Assessment: $700,000
2011 Assessment: $731,000
Desperation Score: 21.6

Priced to Sell! This 3 Full Bedroom with Den and 2 bathrooms is ready for you to call home. The last to be built in this Onni Complex of 5 buildings. All 3 bedrooms have their own balcony. Master facing the most remarkable sunsets plus the 2 other bedrooms have balconies large enough for a 3 pc bistro sets facing the quiet courtyard. Corner/End unit, 2 Car parking, in suite laundry, etc. Walking distance to all that pleases you in the heart of Steveston Village. This is a great place to feel the buzz of the village. Canada Day is coming soon so don’t wait… considerably the best priced for this complex.

“considerably the best priced for this complex.” I bet all the neighbours love this!


#5 ) Address:2144 W 3RD AV, Kitsilano, Vancouver West

February 06, 2008 V687168 $489,000 $0 0%
February 15, 2008 V687168 removed after 9 days
April 23, 2012 V945046 $799,000 $0 0%
June 08, 2012 V945046 removed after 46 days
June 15, 2012 V956459 $694,500 $-104,500 -13%
October 12, 2012 V956459 removed after 119 days
April 07, 2013 V999779 $648,000 $-151,000 -19%
April 10, 2013 V999779 removed after 3 days
April 12, 2013 V1000730 $648,000 $-151,000 -19%
July 25, 2013 V1000730 removed after 104 days
August 01, 2013 V1020086 $599,000 $-200,000 -25%
October 30, 2013 V1020086 removed after 90 days
January 29, 2014 V1044010 $599,000 $-200,000 -25%
February 25, 2014 V1044010 $559,000 $-240,000 -30%

v1044010_1

Current Days on Market: 674 (1.85years)
Current ‘Official’ Days on Market: 28
2013 Assessment: $545,200
2011 Assessment: $516,200
Desperation Score: 24.0

Unique character townhome in 4 unit complex! This 888 sq.ft. 2 bedroom, 2 bathroom home is a rare find in Kits. Enjoy lots of natural light in this south-facing end unit. Features include south-facing private yard with large private patio area, newly renovated kitchen (cabinets, appliances, granite), and new bathrooms, crown moulding, in-suite laundry, wood burning fireplace with new surround, 2 floor plan with bedrooms upstairs, walk-through in-suite storage space, new carpet, etc.etc. Open parking stall off lane, and lots of storage in this unit. As for location you are in the heart of the Kitsilano only 3 blocks to Kits beach and pool, 1 block to famous 4th Ave shopping (restaurants/lulu lemon!/cafes/boutiques), minutes to downtown. Guess where the gang is meeting this year for fireworks! Building has been rainscreened, roof (2002), all new windows (2008), complete exterior paint (2011), newly landscape grounds (2012), and is pet and rental friendly! Bonus is low maintenance fees only $225/mo.


#4 ) Address:# 104 3731 W 6TH AV, Point Grey, Vancouver West

May 17, 2008 V706993 $284,900 $0 0%
May 24, 2008 V706993 $274,900 $-10,000 -4%
June 05, 2008 V706993 $258,800 $-26,100 -9%
June 18, 2008 V706993 $239,900 $-45,000 -16%
July 30, 2008 V706993 removed after 74 days
July 12, 2013 V1017003 $235,000 $-49,900 -18%
September 20, 2013 V1017003 $225,000 $-59,900 -21%
October 29, 2013 V1017003 $219,000 $-65,900 -23%
November 15, 2013 V1017003 $211,000 $-73,900 -26%
January 16, 2014 V1017003 $206,000 $-78,900 -28%
February 25, 2014 V1017003 $195,000 $-89,900 -32%

v1017003_1

Current Days on Market: 229 (0.63years)
Current ‘Official’ Days on Market: 229
2013 Assessment: $202,600
2011 Assessment: $221,100
Desperation Score: 16.2

Location. Location. Location! Point Grey just few blocks from Jericho Beach. Spacious studio for sale. Great layout. Low strata fees incl heat & hot water. Easy access to UBC and downtown by transit. Shopping and recreation nearby. Perfect for the 1st time home buyer. Maintenance fees include Gardening, Heat, Hot Water, Management. You’re not going to find a better deal anywhere else. Amazing opportunity to own your home!


#3 ) Address:# 1701 1372 SEYMOUR ST, Downtown, Vancouver West

January 13, 2012 V925018 $2,065,900 $0 0%
January 11, 2013 V925018 removed after 364 days
January 13, 2013 V984855 $3,044,946 $0 0%
April 03, 2013 V984855 removed after 80 days
February 19, 2014 V1047761 $2,065,900 $-979,046 -32%

v1047761_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $1,620,000
Desperation Score: 24.4

Luxurious Yaletown living. This magnificent southwest facing 2,170 sq ft 3 bedroom + family + den + flex home is lavishly finished with floor-to-ceiling windows, wide-plank engineered hardwood flooring, forced air heating & cooling and Control4 automated lighting and sound control with built-in speakers. Gourmet kitchen boasts Miele appliances and Sub-Zero built-in fridge, craftsman flat-panel oak cabinetry and solid composite stone countertops. Residents enjoy exclusive access to the 10,000 sq ft Wellness Centre featuring professionally-equipped gym, yoga room, pool, hot tub, sauna & steam rooms and theatre. Enjoy 24-hour concierge services. Built by award-winning Onni Group. Presentation Centre open daily 12-6pm except Fri.

I checked the description on that $3 million price point and it’s the same as the current description more or less.  If only they made the price $3,088,986 they probably would have sold it!


#2 ) Address:# 201 7180 LINDEN AV, Highgate, Burnaby

December 02, 2007 V679995 $159,900 $0 0%
January 18, 2008 V679995 removed after 47 days
February 28, 2008 V691327 $197,900 $0 0%
December 01, 2008 V691327 removed after 277 days
January 14, 2009 V748132 $192,900 $-5,000 -3%
July 01, 2009 V748132 removed after 168 days
July 10, 2009 V776019 $187,900 $-10,000 -5%
January 03, 2010 V776019 removed after 177 days
January 29, 2010 V806551 $175,000 $-22,900 -12%
March 31, 2010 V806551 $169,000 $-28,900 -15%
July 01, 2010 V806551 removed after 153 days
July 07, 2010 V840497 $159,000 $-38,900 -20%
January 10, 2011 V840497 removed after 187 days
February 10, 2011 V868282 $149,000 $-48,900 -25%
February 17, 2011 V868282 removed after 7 days
February 25, 2011 V871656 $149,000 $-48,900 -25%
March 11, 2011 V871656 removed after 14 days
May 18, 2011 V888821 $172,000 $-25,900 -13%
May 31, 2011 V888821 $165,000 $-32,900 -17%
June 16, 2011 V888821 $159,000 $-38,900 -20%
June 22, 2011 V888821 removed after 35 days
November 15, 2013 V1035962 $147,000 $-50,900 -26%
December 17, 2013 V1035962 $139,900 $-58,000 -29%
February 19, 2014 V1035962 $129,900 $-68,000 -34%

v1035962_1

Current Days on Market: 103 (0.28years)
Current ‘Official’ Days on Market: 103
2013 Assessment: $124,800
Desperation Score: 12.3

GREAT BUY! Updated 1 bdrm close to Highgate Village. Newer kitchen and bathroom cabinets and laminate floors. Sunny balcony. Well maintained building. Short walk to public transit, shopping, library and new recreation centre.

And another 40 year old condo listed above assessment…


#1 ) Address:1456 BEWICKE AV, Hamilton, North Vancouver

November 01, 2008 V742016 $1,099,500 $0 0%
November 15, 2008 V742016 $1,049,500 $-50,000 -5%
March 31, 2009 V742016 $999,500 $-100,000 -9%
July 01, 2009 V742016 removed after 242 days
September 04, 2011 V908166 $998,000 $-101,500 -9%
September 28, 2011 V908166 removed after 24 days
October 30, 2011 V917848 $859,900 $-239,600 -22%
December 02, 2011 V917848 removed after 33 days
April 09, 2012 V941577 $889,000 $-210,500 -19%
May 03, 2012 V941577 $879,900 $-219,600 -20%
May 29, 2012 V941577 $859,000 $-240,500 -22%
September 12, 2012 V941577 removed after 156 days
June 24, 2013 V1014310 $788,900 $-310,600 -28%
September 02, 2013 V1014310 removed after 70 days
September 20, 2013 V1027986 $748,000 $-351,500 -32%
October 25, 2013 V1027986 removed after 35 days
November 03, 2013 V1034137 $718,000 $-381,500 -35%
January 04, 2014 V1034137 removed after 62 days
January 16, 2014 V1040963 $699,900 $-399,600 -36%
February 08, 2014 V1040963 $689,900 $-409,600 -37%
February 22, 2014 V1040963 $679,000 $-420,500 -38%

v1040963_1

Current Days on Market: 247 (0.68years)
Current ‘Official’ Days on Market: 41
2013 Assessment: $732,000
Desperation Score: 33.7

New 1/2 duplex in a convenient location close to all amenities. Offering a bright main floor with large picture windows, open plan living room and dining room, and galley kitchen adjacent to a family room and eating area. Upstairs features 3 bedrooms, 2 bathrooms including a spacious master with floor to ceiling windows, full ensuite, and a balcony. Downstairs offers a recreation room, fourth bedroom, and laundry room. Central location close to transit, schools, shopping, and more. Court ordered sale. Sold As Is, Where Is.

“Court ordered sale. Sold As Is, Where Is.”

Weekly Drop Metro Vancouver Detached – February 24, 2014

Here are the 10 detached properties in Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that changed their price or were relisted under a new MLS number the previous week AND have dropped the largest percentage overall from their original asking price.  There are some gaps in assessment data – I have some old data and can pull up 2013 but if you see years missed it is because I just don’t have the information available.

Richmond and West Vancouver lead the way with 3 listings each


#10 ) Address:288 HYTHE AV, Capitol Hill, Burnaby

March 31, 2007 V638569 $1,350,000 $0 0%
June 20, 2007 V638569 removed after 81 days
May 21, 2013 V1008009 $2,500,000 $0 0%
June 26, 2013 V1008009 $2,280,000 $-220,000 -9%
October 30, 2013 V1008009 removed after 162 days
November 11, 2013 V1035335 $2,280,000 $-220,000 -9%
February 20, 2014 V1035335 removed after 101 days
February 24, 2014 V1048773 $1,950,000 $-550,000 -22%

v1048773_1

Current Days on Market: 280 (0.77years)
Current ‘Official’ Days on Market: 1
2013 Assessment: $1,815,000
Desperation Score: 28.9

THE BIGGEST HOUSE ON CAPITOL HILL!! This very solid Italian built mansion has over 8000sf of living space and boasts 270 degree magnificent views of Downtown Vancouver, Metrotown and the Mountains. Built of concrete, steel and massive timbers this home is guaranteed to last generations! Enter though the front foyer and be greeted by a gorgeous hanging crystal chandelier and winding oak staircase. The floors consist of radiant heated Italian Venetian marble and oak flooring. The Crown mouldings and so much more complement the home to its best. Close to transit, shops on Hastings, Highschools Burnaby North and Alpha Secondary and short minutes to SFU, this Palace is a MUST SEE!


#9 ) Address:775 WESTCOT PL, British Properties, West Vancouver

March 13, 2007 V633455 $1,150,000 $0 0%
April 24, 2007 V633455 removed after 42 days
April 23, 2010 V824375 $1,448,000 $0 0%
May 12, 2010 V824375 $1,398,000 $-50,000 -3%
July 23, 2010 V824375 removed after 91 days
June 22, 2011 V895679 $1,588,000 $0 0%
July 13, 2011 V895679 removed after 21 days
June 06, 2013 V1010508 $4,980,000 $0 0%
July 10, 2013 V1010508 $4,680,000 $-300,000 -6%
August 07, 2013 V1010508 removed after 62 days
August 12, 2013 V1021801 $4,480,000 $-500,000 -10%
October 11, 2013 V1021801 removed after 60 days
October 14, 2013 V1031965 $4,280,000 $-700,000 -14%
February 18, 2014 V1031965 removed after 127 days
February 22, 2014 V1048688 $3,880,000 $-1,100,000 -22%

v1048688_1

Current Days on Market: 264 (0.72years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $2,984,000
Desperation Score: 34.1

Brand New Executive Home, in Quiet Cul-de-sac. Level lot L(3886 sqft) Park-like garden & playground. Open floor plan, top-line appliances in the kitchen, sub-master bedroom on main floor. 4 en suited bedrooms upstairs. Basement separate entrance with 3 bedroom,3 bathrooms, large living room and kitchen could be great for mortgage helper. Walking distance to schools and shopping center. Pleasure to show.


#8 ) Address:6760 WILLIAMS RD, Woodwards, Richmond

January 12, 2013 V984639 $1,080,000 $0 0%
March 27, 2013 V984639 $868,000 $-212,000 -20%
September 30, 2013 V984639 removed after 261 days
November 11, 2013 V1035492 $858,000 $-222,000 -21%
January 31, 2014 V1035492 removed after 81 days
February 19, 2014 V1047948 $838,000 $-242,000 -22%

No Picture

Current Days on Market: 409 (1.12years)
Current ‘Official’ Days on Market: 6
2012 Assessment: $823,900
2011 Assessment: $685,900
Desperation Score: 19.8

Excellent development property on corner of Gilbert and Williams. South West corner lot with 70′ frontage. Build your dream home or re-develop; City of Richmond wants to have townhouse development in this area. Land value only. Don’t miss out, call now!


#7 ) Address:# 6 23740 DYKE RD, Hamilton, Richmond

February 03, 2011 V866782 $1,850,000 $0 0%
December 29, 2011 V866782 $2,515,000 $0 0%
April 28, 2012 V866782 removed after 450 days
May 04, 2012 V947657 $2,085,800 $-429,200 -17%
May 30, 2013 V947657 removed after 391 days
July 06, 2013 V1015798 $1,950,000 $-565,000 -22%
December 28, 2013 V1015798 removed after 175 days
February 24, 2014 V1048904 $1,950,000 $-565,000 -22%

v1048904_1

Current Days on Market: 1118 (3.06years)
Current ‘Official’ Days on Market: 1
2013 Assessment: $1,602,000
Desperation Score: 12.1

New detached South Facing WATERFRONT homes on the banks of the Fraser River. This 9 homes Strata Community also includes a future private Marina clubhouse with full services and moorage. Open floor plan, 9 ft. ceiling on the main, enjoy the magnificent views of the water and mountains. Quality finishing throughout, designer kitchen and bath’s. Homes include 3 bedrooms, Media room, Den/Office,Bedroom on Main floor, 4 baths, Master bdrm with view to the water and a spa like enste, all granite counters, outdoor patios, an 3 floor ” ELEVATOR ” in each home. Solid plank walnut floors, 65 oz. Saxony carpets, Deluxe Sub Zero fridge & S.S. Wolfe appliances package. 6 CAR Garage, ” Bare land strata ” Maint. fee $ 165 pm.

” ELEVATOR “!  Listed for 3 years…


#6 ) Address:6220 ST GEORGES PL, Gleneagles, West Vancouver

August 09, 2013 V1021476 $3,500,000 $0 0%
November 19, 2013 V1021476 removed after 102 days
November 23, 2013 V1036976 $2,800,000 $-700,000 -20%
February 22, 2014 V1036976 $2,600,000 $-900,000 -26%

v1036976_1

Current Days on Market: 200 (0.55years)
Current ‘Official’ Days on Market: 94
2013 Assessment: $2,324,000
Desperation Score: 26.8

Nestled at the end of a private cul-de-sac on one of the most desirable streets in West Vancouver, this majestic home opens up to extensive & spectacular ocean views from every room! Your outdoor entertainment includes relaxing in a glorious pool & hot tub with a flowing waterfall as well as sharpening your putting skills on the mini putting green all in complete privacy while soaking in the incredible views. The open concept kitchen, dining & living area is fabulous for entertaining or preparing the family meals while keeping an eye on the kids. This home includes a separate suite to use as a mortgage helper, in-law or nanny accommodation.


#5 ) Address:3294 WELLINGTON AV, Collingwood, Vancouver East

August 03, 2012 V965078 $1,390,000 $0 0%
April 23, 2013 V965078 $998,000 $-392,000 -28%
February 22, 2014 V965078 $997,000 $-393,000 -28%

v965078_1

Current Days on Market: 571 (1.56years)
Current ‘Official’ Days on Market: 571
2013 Assessment: $732,700
2011 Assessment: $648,500
Desperation Score: 14.9

Money making machine “Conservative store” with two 2 BR suite & 1 bachelors suite. Convenient store earning approx $6000/month & 2 suites earn $1100 each & bachelor’s suite rent $550 in total in pays you around $8750 monthly. Fully renovated, inside unit keeps you away from traffic noise. In the route of bus #27 & 10 mins walk from Joyce & 29th Avenue skytrain station. Recreation nearby.BRING YOUR OFFER, SELLER MOTIVATED!!

Any idea what a “Conservative store” is?  The $8750/month sounds good but I have a feeling they are not including a few thousand dollars worth of overhead and expenses.  BRING YOUR OFFER, SELLER MOTIVATED!!  Dropped their price by $400K the first drop and $1K the second drop…


#4 ) Address:9811 PINEWELL CR, Saunders, Richmond

December 12, 2011 V922180 $3,488,000 $0 0%
January 14, 2012 V922180 $3,288,000 $-200,000 -6%
February 02, 2012 V922180 $3,198,800 $-289,200 -8%
February 16, 2012 V922180 removed after 66 days
March 07, 2012 V935676 $3,158,800 $-329,200 -9%
April 17, 2012 V935676 $2,998,800 $-489,200 -14%
June 26, 2012 V935676 removed after 111 days
August 19, 2012 V967189 $2,888,000 $-600,000 -17%
September 22, 2012 V967189 $2,853,888 $-634,112 -18%
October 17, 2012 V967189 $2,788,000 $-700,000 -20%
November 06, 2012 V967189 removed after 79 days
January 13, 2013 V984851 $2,778,000 $-710,000 -20%
February 21, 2013 V984851 $2,658,000 $-830,000 -24%
August 09, 2013 V984851 removed after 208 days
September 30, 2013 V1029684 $2,658,000 $-830,000 -24%
November 07, 2013 V1029684 $2,588,000 $-900,000 -26%
December 28, 2013 V1029684 removed after 89 days
January 19, 2014 V1042624 $2,588,000 $-900,000 -26%
February 21, 2014 V1042624 $2,498,000 $-990,000 -28%

No Picture

Current Days on Market: 806 (2.21years)
Current ‘Official’ Days on Market: 37
2013 Assessment: $1,749,000
Desperation Score: 30.8

SPECTACULAR HOME ON HUGE LOT. Best value for this size house/lot in Richmond. Granite, hardwood, high end appliances – everything you would expect and more. Grand entrance with crystal chandelier. 18 ft ceilings, crown moulding, heat recovery and air conditioning. 6 bedrooms total, 5 with ensuites. LEGAL 2 bedroom suite with own patio. Triple garage and lots more open parking for RV and boat. This house has it all – truly a must see!

New build down $1 million over 2 years


#3 ) Address:1245 RENTON RD, British Properties, West Vancouver

April 03, 2008 V698192 $1,650,000 $0 0%
April 24, 2008 V698192 removed after 21 days
February 11, 2011 V868493 $2,148,000 $0 0%
May 03, 2011 V868493 removed after 81 days
May 26, 2011 V890111 $3,200,000 $0 0%
July 13, 2011 V890111 removed after 48 days
May 24, 2012 V951878 $3,650,000 $0 0%
June 12, 2012 V951878 $3,350,000 $-300,000 -8%
August 17, 2012 V951878 removed after 85 days
August 19, 2012 V967279 $3,350,000 $-300,000 -8%
September 18, 2012 V967279 $2,850,000 $-800,000 -22%
April 16, 2013 V967279 removed after 240 days
May 25, 2013 V1008599 $2,580,000 $-1,070,000 -29%
January 27, 2014 V1008599 removed after 247 days
February 24, 2014 V1048733 $2,580,000 $-1,070,000 -29%

No Picture

Current Days on Market: 642 (1.76years)
Current ‘Official’ Days on Market: 1
2013 Assessment: $2,376,000
Desperation Score: 17.9

Fantastic views of ocean, Lions Gate Bridge and downtown Vancouver. Well kept family home in a desirable area. Completed renovated in 2010. 2 Bedrooms up and 3 bedrooms down. Total 5 bathrooms. Beautiful landscaping and level backyard. Hugedeck off the kitchen. Level corner Lot of 14000 sqft. Easy Access to shopping walking distance to Chartwell & Sentinel School.


#2 ) Address:3008 MARINE DR, Southlands, Vancouver West

June 28, 2012 V959053 $2,488,000 $0 0%
July 11, 2012 V959053 $2,280,000 $-208,000 -8%
July 31, 2012 V959053 $1,988,000 $-500,000 -20%
November 10, 2012 V959053 $1,890,000 $-598,000 -24%
December 18, 2012 V959053 removed after 173 days
January 26, 2013 V987234 $1,988,000 $-500,000 -20%
February 13, 2013 V987234 $1,899,000 $-589,000 -24%
April 24, 2013 V987234 removed after 88 days
April 29, 2013 V1003547 $1,899,000 $-589,000 -24%
August 01, 2013 V1003547 removed after 94 days
September 07, 2013 V1025637 $1,699,000 $-789,000 -32%
December 28, 2013 V1025637 removed after 112 days
February 22, 2014 V1048523 $1,699,000 $-789,000 -32%

v1048523_1

Current Days on Market: 607 (1.66years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $987,500
Desperation Score: 31.0

Original Victorian-style residence built with exceptional quality of dry timber and finished with elegant British style hardwoodfloors, wood panels and moldings.Secure south facing extra large backyard has enough space to accommodate children’ssoccer games and parents’ dream patio set. Below semi-attached garage for two facing the backyard located unique workshopspace. This home is located in the center of prestigious neighbourhood area just steps away from parks and three golf courses,as well as only minutes away from Crofton House School, Kerrisdale Elementary and UBC. Must see to appreciate.


#1 ) Address:967 ROSLYN BV, Dollarton, North Vancouver

February 26, 2012 V933878 $3,750,000 $0 0%
March 27, 2012 V933878 $3,690,000 $-60,000 -2%
April 18, 2012 V933878 $3,288,000 $-462,000 -12%
May 16, 2012 V933878 $2,980,000 $-770,000 -21%
June 15, 2012 V933878 $2,750,000 $-1,000,000 -27%
July 25, 2012 V933878 removed after 150 days
August 10, 2012 V965789 $2,690,000 $-1,060,000 -28%
January 03, 2013 V965789 removed after 146 days
February 15, 2013 V990537 $2,388,000 $-1,362,000 -36%
June 06, 2013 V990537 $2,329,000 $-1,421,000 -38%
August 27, 2013 V990537 removed after 193 days
October 04, 2013 V1030299 $2,378,000 $-1,372,000 -37%
January 31, 2014 V1030299 $2,349,000 $-1,401,000 -37%
February 21, 2014 V1030299 $2,239,000 $-1,511,000 -40%

v1030299_1

Current Days on Market: 730 (2.00years)
Current ‘Official’ Days on Market: 144
2013 Assessment: $2,039,000
Desperation Score: 26.8

DO THE MATH! HUGE family home designed for extended family or a large growing family! FIVE bedrooms on main, 2 down plus a den! Home theatre, inground pool, Koi pond, waterfall feature….HUGE gourmet kitchen on main too! Gorgeous family oriented neighborhood just steps to schools, beaches, shops, trails, restaurants, golf and skiing! Lot is worth $1.5. You can’t replace this home at this price !North 1/2 of home built in 2001 and south 1/2 in 2006. Small portion of original foundation is all that is left of the 1959 home !OPEN SUN FEB 16, 2-4

After briefly toying with a price increase they have dropped to a new low.  This house actually seems well priced after 40% in drops

Weekly Drop Suburbs – February 19, 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.

A lot of carnage in this weeks list – when a 43% drop doesn’t get you in the top 5 drops for the week you know things are nasty.  Look at the assessment prices compared to what is being asked and then also factor in that these assessments have been dropping year over year for the most part


#10 ) Address:2961 COMO LAKE AV, Meadow Brook, Coquitlam

March 05, 2008 V692381 $495,800 $0 0%
March 19, 2008 V692381 $484,000 $-11,800 -2%
April 12, 2008 V692381 $464,900 $-30,900 -6%
May 17, 2008 V692381 $480,000 $-15,800 -3%
May 31, 2008 V692381 removed after 87 days
July 02, 2009 V774832 $479,000 $-16,800 -3%
July 30, 2009 V774832 $449,000 $-46,800 -9%
September 22, 2009 V774832 $444,000 $-51,800 -10%
January 03, 2010 V774832 removed after 185 days
February 03, 2011 V867066 $469,000 $-26,800 -5%
July 22, 2011 V867066 $427,000 $-68,800 -14%
September 01, 2011 V867066 removed after 210 days
September 09, 2011 V908685 $419,000 $-76,800 -15%
October 20, 2011 V908685 removed after 41 days
February 17, 2012 V932025 $469,888 $-25,912 -5%
May 16, 2012 V932025 removed after 89 days
May 19, 2012 V951332 $419,800 $-76,000 -15%
June 06, 2012 V951332 $389,888 $-105,912 -21%
July 18, 2012 V951332 removed after 60 days
September 08, 2012 V969864 $388,000 $-107,800 -22%
November 08, 2012 V969864 removed after 61 days
January 13, 2013 V985017 $400,000 $-95,800 -19%
February 21, 2013 V985017 $375,000 $-120,800 -24%
May 04, 2013 V985017 $360,000 $-135,800 -27%
June 06, 2013 V985017 removed after 144 days
August 29, 2013 V1024311 $360,000 $-135,800 -27%
November 15, 2013 V1024311 $340,000 $-155,800 -31%
February 19, 2014 V1024311 $320,000 $-175,800 -35%

v1024311_1

Current Days on Market: 1113 (3.05years)
Current ‘Official’ Days on Market: 175
2013 Assessment: $448,100
Desperation Score: 19.0

Priced below assessed value! Excellent 64×150 lot with lots of potential is conveniently located close to Meadow Brook Elementary, Coquitlam Centre, West Coast Express & Coquitlam Centre Bus Loop and the future Evergreen Line. The updated home has 766 sq ft with 3 bedrooms and 3 piece bath. Updates include laminate flooring, new ceiling, walls, double size hot water tank, fridge, washer and dryer. Make an offer today!

Close to 30% below assessment


 

 

 

#9 ) 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%
February 18, 2014 F1326241 $319,000 $-220,900 -41%

f1326241_1

Current Days on Market: 355 (0.97years)
Current ‘Official’ Days on Market: 85
2013 Assessment: $373,000
Desperation Score: 25.0

VIEWS!!! VIEWS!!! VIEWS!!! 3 bedroom rancher on 1.23 PRIVATE acres in a gorgeous country setting! 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!

15% below assessment after 41% in drops


#8 ) Address:13970 56 AV, Panorama Ridge, Surrey

June 06, 2008 F2816993 $2,800,000 $0 0%
June 02, 2009 F2816993 removed after 361 days
April 22, 2010 F1010766 $2,888,000 $0 0%
November 27, 2010 F1010766 $2,588,000 $-300,000 -10%
October 31, 2011 F1010766 removed after 557 days
May 25, 2012 F1213639 $2,399,000 $-489,000 -17%
August 11, 2012 F1213639 $1,999,000 $-889,000 -31%
November 12, 2012 F1213639 removed after 171 days
March 13, 2013 F1305793 $1,850,000 $-1,038,000 -36%
June 28, 2013 F1305793 $1,600,000 $-1,288,000 -45%
September 07, 2013 F1305793 removed after 178 days
February 16, 2014 F1403549 $1,699,000 $-1,189,000 -41%

No Picture

Current Days on Market: 636 (1.74years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $1,797,000
2011 Assessment: $1,724,000
Desperation Score: 22.7

Ocean Views! 2.11 acres in prestigious Panorama Ridge. One of the last large subividable parcels available. This property is south facing overlooking the ridge and views to the ocean. An excellent opportunity to build your dream mansion and profit later from subdivision. Motivated seller and will entertain offers & including any trades that you have. Hurry on this one!

“Motivated seller and will entertain offers & including any trades that you have. Hurry on this one!” – hurry, it’s been listed every year since 2008.  They actually had the sense of humour to increase the listing price


#7 ) Address:19881 16TH AV, Brookswood, Langley

June 07, 2011 F1114596 $5,100,000 $0 0%
December 01, 2011 F1114596 removed after 177 days
January 08, 2012 F1200405 $5,100,000 $0 0%
June 30, 2012 F1200405 removed after 174 days
July 31, 2012 F1219600 $4,888,000 $-212,000 -4%
January 01, 2013 F1219600 removed after 154 days
February 12, 2013 F1303321 $3,888,000 $-1,212,000 -24%
April 13, 2013 F1303321 $3,400,000 $-1,700,000 -33%
October 04, 2013 F1303321 $3,188,000 $-1,912,000 -37%
December 21, 2013 F1303321 removed after 312 days
February 16, 2014 F1403583 $2,988,000 $-2,112,000 -41%

f1403583_1

Current Days on Market: 989 (2.71years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $1,809,000
Desperation Score: 34.2

Beautiful Rancher with loft home on private 4.22 acre Mountain View Parcel of land in the Campbell Valley area of South Langley. This home has well over 10,000 sq. ft. of living space and features 4 beds and 8 baths. Solid Maple hardwood floors adorn the home throughout. Every room is grand and beautiful, top quality finishes are used throughout. Dream kitchen and games area ideal for entertaining friends. Huge bonus loft space is great for work or play. Amenities include a gym, outdoor swimming pool, and marvellous high end Sports Court. Energy efficient and cost efficient geothermal system heats home in winter, provides AC in summer. Fenced and gated with security system. A 12-minute drive to top ranked Southridge Private School. A stones-throw from South Surrey. Ten minutes to the USA Border. Zoning allows for stables. * PREC – Personal Real Estate Corporation

Very nice country estate but how on earth did they think that this was worth $5.1 million!!!  When you compare it to the High Point Estates the current price is getting there in terms of relative value


#6 ) Address:# 8 33136 MILL LAKE RD, Central Abbotsford, Abbotsford

August 02, 2007 F2720141 $169,900 $0 0%
August 23, 2007 F2720141 removed after 21 days
September 24, 2008 F2827642 $174,900 $0 0%
October 31, 2008 F2827642 $164,900 $-10,000 -6%
December 12, 2008 F2827642 $154,900 $-20,000 -11%
March 01, 2009 F2827642 removed after 158 days
March 06, 2009 F2904385 $151,900 $-23,000 -13%
May 16, 2009 F2904385 removed after 71 days
June 05, 2009 F2912165 $144,500 $-30,400 -17%
September 01, 2009 F2912165 removed after 88 days
November 20, 2009 F2926354 $148,500 $-26,400 -15%
January 17, 2010 F2926354 removed after 58 days
February 10, 2010 F1003618 $147,900 $-27,000 -15%
August 05, 2010 F1003618 removed after 176 days
December 13, 2012 F1228617 $139,900 $-35,000 -20%
April 09, 2013 F1228617 removed after 117 days
April 12, 2013 F1308155 $127,500 $-47,400 -27%
June 02, 2013 F1308155 $109,000 $-65,900 -38%
August 15, 2013 F1308155 removed after 125 days
August 19, 2013 F1319509 $105,000 $-69,900 -40%
February 13, 2014 F1319509 removed after 178 days
February 16, 2014 F1403578 $99,900 $-75,000 -43%

f1403578_1

Current Days on Market: 434 (1.19years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $148,500
Desperation Score: 16.9

Affordable adult townhome living 45+, within walking distance of Sevenoaks Shopping Center, beautiful Mill Lake and bus. This upper corner unit features 2 bedrooms and one bathroom. Good sized laundry room with room for storage and cabinets plus laundry tub. Quiet east facing balcony with view of rolling hills. New roof recently redone. No dogs allowed but cats are welcome. Covered parking for one plus visitor parking. Comfortable 8 unit complex. Quick possession possible. Furnished pictures on website.

Over 30% below assessment


#5 ) Address:# 107 2962 TRETHEWEY ST, Abbotsford West, Abbotsford

February 28, 2008 F2805011 $183,888 $0 0%
March 18, 2008 F2805011 $179,999 $-3,889 -2%
April 24, 2008 F2805011 removed after 56 days
May 05, 2013 F1310498 $142,900 $-40,988 -22%
June 04, 2013 F1310498 $137,900 $-45,988 -25%
June 13, 2013 F1310498 $129,000 $-54,888 -30%
July 12, 2013 F1310498 $120,900 $-62,988 -34%
July 27, 2013 F1310498 $118,900 $-64,988 -35%
August 22, 2013 F1310498 $116,900 $-66,988 -36%
October 14, 2013 F1310498 removed after 162 days
February 16, 2014 F1403645 $105,000 $-78,888 -43%

f1403645_1

Current Days on Market: 291 (0.80years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $135,500
Desperation Score: 22.0

Cascade Green. A great start for first time Buyers! 2 bedroom and 2 full bath suite with outlook to walkways and green space. Spacious layout, large covered patio, in-suite laundry and gas fireplace. Needs paint, cleaning and some flooring but priced accordingly. Family and pet friendly, maintenance fee includes gas and hot water, one underground parking stall with potential to rent a second stall. Central location, close to all amenities, walk to schools, art gallery, library, recreation, Rotary Stadium and Discovery trails. 2 cats and 1 dog allowed, max 12″ at shoulder. Rentals not permitted. * PREC – Personal Real Estate Corporation

“Needs paint, cleaning and some flooring but priced accordingly.”.  25% below assessment


#4 ) Address:# 346 27358 32ND AV, Aldergrove, Langley

August 04, 2007 F2720330 $218,900 $0 0%
October 17, 2007 F2720330 $214,900 $-4,000 -2%
November 21, 2007 F2720330 removed after 109 days
June 14, 2011 F1115237 $207,900 $-11,000 -5%
June 24, 2011 F1115237 removed after 10 days
December 13, 2013 F1326943 $139,000 $-79,900 -37%
January 16, 2014 F1326943 $129,000 $-89,900 -41%
February 13, 2014 F1326943 $119,000 $-99,900 -46%

f1326943_1

Current Days on Market: 69 (0.19years)
Current ‘Official’ Days on Market: 69
2013 Assessment: $165,200
Desperation Score: 18.6

FORECLOSURE! Priced WAY below tax assessment value! Why rent when you can OWN this spectacular unit for as low as $650 per month! PERFECT for a first time home Buyer! Reside in Willow Creek’s most newest building (Phase 4). 800 square feet worth of space in a 1 Bedroom and Den overlooking spectacular view of Mount Baker. Within walking distance to all local amenities including shopping, schools, parks and recreation. Call today to book your personal viewing before it’s gone! * PREC – Personal Real Estate Corporation

“FORECLOSURE! Priced WAY below tax assessment value! Why rent when you can OWN this spectacular unit for as low as $650 per month! ” – maybe because it is dropping in value daily?


 

#3 ) Address:# 232 2821 TIMS ST, Abbotsford West, Abbotsford

July 18, 2007 F2718535 $127,500 $0 0%
August 14, 2007 F2718535 removed after 27 days
September 25, 2007 F2724636 $169,800 $0 0%
October 05, 2007 F2724636 $164,000 $-5,800 -3%
October 25, 2007 F2724636 removed after 30 days
February 13, 2014 F1402915 $89,900 $-79,900 -47%

f1402915_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $94,900
Desperation Score: 13.0

Affordable “Parkview Estates”. Two bedroom and one full bathroom second floor condo. Covered balcony with reasonable privacy. Well managed 19+ building. Comes with secure u/g parking and additional storage on same floor as unit. Two cats ok, but (sorry) no dogs. Call, email or text for further details. * PREC – Personal Real Estate Corporation

Likely purchased for around $160K in 2007 based on listing history – almost a 50% drop


#2 ) Address:11803 98TH AV, Royal Heights, North Surrey

August 29, 2007 F2722282 $799,900 $0 0%
September 29, 2007 F2722282 $749,900 $-50,000 -6%
November 14, 2007 F2722282 removed after 77 days
April 22, 2008 F2811354 $739,900 $-60,000 -8%
September 05, 2008 F2811354 removed after 136 days
November 13, 2008 F2831841 $749,900 $-50,000 -6%
November 24, 2008 F2831841 removed after 11 days
May 30, 2011 F1113891 $899,000 $0 0%
May 26, 2012 F1113891 removed after 362 days
January 10, 2013 F1300453 $799,000 $-100,000 -11%
February 06, 2013 F1300453 $749,000 $-150,000 -17%
December 28, 2013 F1300453 removed after 352 days
February 13, 2014 F1403283 $468,000 $-431,000 -48%

f1403283_1

Current Days on Market: 406 (1.11years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $643,000
2011 Assessment: $668,000
Desperation Score: 28.0

This MEGA house is a PROJECT. Considerable damage done by tenants. Probably some basement & sub basement works done without City permits. Buyers to verify City requirements. Currently, heat not working. Quick Possession avail. Measurements are approximate and should be verified by the Buyers if important to them. Schedule ‘A’ required with offers.

What a mess – their house was destroyed by tenants.  The whole description can be quoted but this in particular is amusing “heat not working. Quick Possession avail” – so in other words, if you don’t require heat (plus enjoy fire hazards, mold and city officials nailing health warnings to your front door) then you can move in right away!


 

#1 ) Address:32921 14TH AV, Mission BC, Mission

June 12, 2009 F2912858 $495,000 $0 0%
June 25, 2009 F2912858 removed after 13 days
December 04, 2011 F1128776 $1,450,000 $0 0%
April 16, 2012 F1128776 $1,000,000 $-450,000 -31%
October 26, 2012 F1128776 $880,000 $-570,000 -39%
November 26, 2012 F1128776 removed after 358 days
November 28, 2012 F1228011 $799,000 $-651,000 -45%
January 17, 2013 F1228011 $749,000 $-701,000 -48%
May 21, 2013 F1228011 $699,000 $-751,000 -52%
June 15, 2013 F1228011 $650,000 $-800,000 -55%
August 09, 2013 F1228011 $579,000 $-871,000 -60%
November 29, 2013 F1228011 removed after 366 days
February 16, 2014 F1403715 $550,000 $-900,000 -62%

No Picture

Current Days on Market: 809 (2.22years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $568,000
Desperation Score: 41.1

1.47 AC property in Central Mission. Investor Alert!!!

“Investor Alert!!!”

Weekly Drop Metro Vancouver Attached – February 18, 2014

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


#10 ) Address:# 214 1425 ESQUIMALT AV, Ambleside, West Vancouver

April 28, 2011 V884544 $345,000 $0 0%
May 03, 2011 V884544 $310,000 $-35,000 -10%
January 01, 2012 V884544 removed after 248 days
February 13, 2014 V1046820 $279,000 $-66,000 -19%

v1046820_1

Current Days on Market: 6 (0.02years)
Current ‘Official’ Days on Market: 6
2013 Assessment: Unknown
Desperation Score: 6.8

BEST BUY in AMBLESIDE. 1 bdrm updated. Sunny south side overlooking garden. Walk to the beach and shopping. Live in caretaker..building spotless. ID & OD swimming pools, sauna, hot tub, large party room. Maintenance fee covers all… only pay electric & phone. Call for appointment.


#9 ) Address:# 415 371 ELLESMERE AV, Capitol Hill, Burnaby

March 15, 2007 V635476 $184,900 $0 0%
April 17, 2007 V635476 removed after 33 days
May 11, 2008 V707484 $225,000 $0 0%
June 05, 2008 V707484 $217,500 $-7,500 -3%
June 24, 2008 V707484 removed after 44 days
June 27, 2008 V718962 $209,500 $-15,500 -7%
August 06, 2008 V718962 removed after 40 days
August 14, 2008 V728018 $199,800 $-25,200 -11%
September 24, 2008 V728018 $194,800 $-30,200 -13%
October 28, 2008 V728018 $188,000 $-37,000 -16%
December 20, 2008 V728018 removed after 128 days
January 02, 2009 V747023 $189,000 $-36,000 -16%
February 05, 2009 V747023 $179,900 $-45,100 -20%
March 01, 2009 V747023 removed after 58 days
February 28, 2010 V811911 $198,900 $-26,100 -12%
April 20, 2010 V811911 $194,900 $-30,100 -13%
April 28, 2010 V811911 removed after 59 days
May 01, 2010 V826467 $194,900 $-30,100 -13%
May 30, 2010 V826467 removed after 29 days
May 28, 2012 V952844 $209,888 $-15,112 -7%
September 02, 2012 V952844 removed after 97 days
September 20, 2012 V972485 $209,888 $-15,112 -7%
November 30, 2012 V972485 removed after 71 days
March 06, 2013 V993926 $195,000 $-30,000 -13%
May 30, 2013 V993926 $185,000 $-40,000 -18%
September 30, 2013 V993926 removed after 208 days
February 16, 2014 V1047579 $179,900 $-45,100 -20%

v1047579_1

Current Days on Market: 632 (1.73years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $183,500
Desperation Score: 9.7

CLEAN QUIET AND SPACIOUS ONE BEDROOM UNIT FACING WEST. FEATURES, INSUITE LAUNDRY, WALK-TROUGH KITCHEN, SEPARATE DINING ROOM, SPACIOUS LIVING ROOM AND LARGE 20X6 BALCONY WITH SOME VIEWS TO THE SOUTH. ALL IN A WELL LOOKED AFTER BUILDING WITH NEW ROOF IN 2008 AND NEW PLUMBING IN 2009. SHORT WALK TO SHOPS, SCHOOL, TRANSPORTATION, 20 MINUTES WALK TO HOLDOM SKYTRAIN STATION & 15 MINUTES WALK TO CONFEDERATION COMMUNITY CENTRE.

ALL CAPS!  This unit has been listed for sale all but 1 year since 2007 – probably not a good sign


#8 ) Address:# 2500 1280 RICHARDS ST, Yaletown, Vancouver West

March 16, 2011 V875593 $3,988,000 $0 0%
December 07, 2011 V875593 removed after 266 days
February 14, 2014 V1047094 $3,188,000 $-800,000 -20%

v1047094_1

Current Days on Market: 5 (0.01years)
Current ‘Official’ Days on Market: 5
2013 Assessment: $2,536,000
2011 Assessment: $2,644,000
Desperation Score: 17.9

At Grace Tower, renowned artistic architecture with unique design and excellence. Enter by private, elevator access to a luxurious floorplan that features 3 bedrooms plus study/library and is surrounded by panoramic cityscape vistas. Kitchen, equipped with Fisher-Paykel, Subzero and accented by rich cherry cabinetry. Expansive rooms allow for entertaining. All this is enhanced by geothermal heating, AC, overheight ceilings, gas fireplace and sunny terrace. This residence is the ultimate in exclusivity with biometric fingerprint security, 24hour concierge, in/outdoor pool, spa, fitness room and beautiful garden. 3 parking and HUGE storage room.

Nice apartment but even after an $800K drop from 2011 listing price it is still $650K above assessment


#7 ) Address:2723 W 5TH AV, Kitsilano, Vancouver West

September 02, 2011 V907746 $1,089,000 $0 0%
September 15, 2011 V907746 removed after 13 days
December 04, 2011 V921615 $1,399,900 $0 0%
February 08, 2012 V921615 removed after 66 days
June 13, 2013 V1012168 $1,298,000 $-101,900 -7%
September 16, 2013 V1012168 removed after 95 days
September 20, 2013 V1028072 $1,159,000 $-240,900 -17%
November 23, 2013 V1028072 $1,149,000 $-250,900 -18%
December 28, 2013 V1028072 removed after 99 days
January 04, 2014 V1039829 $1,148,000 $-251,900 -18%
January 04, 2014 V1039829 removed after 0 days
January 16, 2014 V1040331 $1,148,000 $-251,900 -18%
February 14, 2014 V1040331 $1,098,000 $-301,900 -22%

v1040331_1

Current Days on Market: 251 (0.69years)
Current ‘Official’ Days on Market: 34
2013 Assessment: Unknown
Desperation Score: 36.7

Affordable brand new 3 level half duplex home in KITS area !!!!! Situated on a quiet street with good neighbourhood, this unit offers 2 good size bedrooms with 2 full baths up / 1 ensuite bedroom in basement. HRV, engineer hardwood flooring, Bosch S/S appliances, excellent workmanship. This is perfect for growing family or first time buyer. Gordon Elementary / Kitsilano Secondary catchment. Steps to transits, shopping, Kits beach and all kind of amenities. Don’t miss the chance, priced to sell ! Call today for showing and more details.


#6 ) Address:# 204 341 MAHON AV, Lower Lonsdale, North Vancouver

March 08, 2008 V693482 $389,000 $0 0%
March 28, 2008 V693482 removed after 20 days
June 01, 2011 V891230 $419,000 $0 0%
July 20, 2011 V891230 $410,000 $-9,000 -2%
November 01, 2011 V891230 removed after 153 days
January 22, 2012 V926983 $399,900 $-19,100 -5%
March 20, 2012 V926983 $389,500 $-29,500 -7%
April 19, 2012 V926983 removed after 88 days
April 21, 2012 V944763 $389,500 $-29,500 -7%
May 04, 2012 V944763 $374,500 $-44,500 -11%
June 23, 2012 V944763 $365,000 $-54,000 -13%
August 14, 2012 V944763 removed after 115 days
August 18, 2012 V967073 $359,000 $-60,000 -14%
October 02, 2012 V967073 $354,000 $-65,000 -16%
December 31, 2012 V967073 removed after 135 days
January 20, 2013 V986154 $353,000 $-66,000 -16%
July 29, 2013 V986154 removed after 190 days
August 17, 2013 V1022590 $345,000 $-74,000 -18%
October 25, 2013 V1022590 $337,000 $-82,000 -20%
February 11, 2014 V1022590 removed after 178 days
February 14, 2014 V1046996 $319,900 $-99,100 -24%

v1046996_1

Current Days on Market: 994 (2.72years)
Current ‘Official’ Days on Market: 5
2013 Assessment: $316,500
Desperation Score: 13.6

This is rare concrete low rise building in the North Shore. Beautifully updated 2 bedroom suite, great kitchen with stainless appliances, new painting, insuite laundry, slate floor, sunken living room with natural hardwood floors. Great Mountain. views, extra large wrap around balcony. Close to all the terrific Lower Lonsdale amenities. Price is below the government assessment fee.

“Price is below the government assessment fee.” – doesn’t look like it to me but this was probably accurate a couple of months ago.  Listed for almost 3 years


#5 ) Address:# 801 528 BEATTY ST, Downtown, Vancouver West

April 01, 2007 V638700 $839,900 $0 0%
July 24, 2007 V638700 removed after 114 days
July 27, 2007 V660985 $819,000 $-20,900 -2%
August 24, 2007 V660985 removed after 28 days
August 29, 2007 V665583 $799,900 $-40,000 -5%
November 22, 2007 V665583 $769,900 $-70,000 -8%
January 01, 2008 V665583 removed after 125 days
January 12, 2008 V682844 $729,000 $-110,900 -13%
February 11, 2008 V682844 removed after 30 days
August 27, 2013 V1023846 $635,000 $-204,900 -24%
December 02, 2013 V1023846 removed after 97 days
February 13, 2014 V1046644 $635,000 $-204,900 -24%

v1046644_1

Current Days on Market: 176 (0.48years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $554,000
2011 Assessment: $578,000
Desperation Score: 12.3

Located in the restored Bowman heritage building, this oversized & air-conditioned 1 bedroom + open den SUB-PENTHOUSE is truly a must see if you are looking for something totally unique! Features an amazing 400 SF private patio w/ an outdoor gas fireplace, upgraded electronic retractable awning and gas & water for BBQ’s & entertaining all year round! Fantastic 854 SF open floor plan has floor to ceiling windows, 9.5′ airy ceilings, Bosch stainless steel appliances, gas cooktop, quartz countertops, moveable island, beautiful 2″thick fir plank hardwood floors & 2 full bathrooms with a unique double entry seamless glass shower. The open den is flexible space & c/b easily partitioned into a 2nd bedroom like others in the building. 2 years prepaid parking available directly across the street to the new buyer. Only 6 years old with balance of 2/5/10 year warranty. Concrete construction in the top 2 floors of the building only so don’t miss out on this one!


#4 ) Address:# T2305 3980 CARRIGAN CT, Government Road, Burnaby

July 12, 2007 V658369 $359,900 $0 0%
August 01, 2007 V658369 removed after 20 days
May 07, 2008 V706287 $528,800 $0 0%
May 27, 2008 V706287 $458,800 $-70,000 -13%
June 12, 2008 V706287 $438,800 $-90,000 -17%
June 20, 2008 V706287 $429,900 $-98,900 -19%
August 14, 2008 V706287 $418,000 $-110,800 -21%
August 29, 2008 V706287 removed after 114 days
September 25, 2009 V789348 $428,000 $-100,800 -19%
October 29, 2009 V789348 $405,000 $-123,800 -23%
November 05, 2009 V789348 $408,000 $-120,800 -23%
January 20, 2010 V789348 removed after 117 days
February 24, 2010 V811098 $399,000 $-129,800 -25%
May 28, 2010 V811098 $379,900 $-148,900 -28%
August 31, 2010 V811098 removed after 188 days
August 18, 2011 V905716 $398,000 $-130,800 -25%
November 10, 2011 V905716 removed after 84 days
April 18, 2012 V943968 $398,000 $-130,800 -25%
October 01, 2012 V943968 removed after 166 days
February 13, 2014 V1046722 $398,000 $-130,800 -25%

v1046722_1

Current Days on Market: 6 (0.02years)
Current ‘Official’ Days on Market: 6
2012 Assessment: $290,000
2011 Assessment: $339,000
Desperation Score: 3.4

FIRST TIME HOME BUYER ALERT. Ext renos throughout in 2008. Whole kit makeover with S/S backsplash & maple cab. Kit has been opened up, S/S appls, hardwood floors throughout, new lighting. New bathrooms w/porcelain & S/S sinks. Parking is located conv very close by on same level. This 3 bedrooms, 2 bath end unit faces treed garden for a nice, quiet view w/large balc. Situated literally minutes walking distance to malls & skytrain station. Easy access to highway & centrally located. Bldg amen include huge indoor pool, racket ball court, squash court, fitness rm & billiard rm. Playground, tennis court & park across the street. OPEN HOUSE, SAT, FEB 15 & SUNDAY, FEB 16, 2-4PM.

“FIRST TIME HOME BUYER ALERT” – once people realize that saying “INVESTOR ALERT” no longer works I think they’ll be switching to “FIRST TIME HOME BUYER ALERT” as the go to phrase.  These guys are clearly ahead of the curve although $110K over assessment for a 30 year old condo in burnaby makes me think they’ll be on this list many more times in the future


#3 ) Address:# 401 2020 HIGHBURY ST, Point Grey, Vancouver West

June 20, 2010 V838186 $655,000 $0 0%
June 29, 2010 V838186 $730,000 $0 0%
January 01, 2011 V838186 removed after 195 days
March 21, 2012 V938258 $788,000 $0 0%
September 11, 2012 V938258 removed after 174 days
September 21, 2012 V972581 $698,000 $-90,000 -11%
March 08, 2013 V972581 removed after 168 days
April 04, 2013 V998778 $698,000 $-90,000 -11%
May 09, 2013 V998778 $688,000 $-100,000 -13%
July 12, 2013 V998778 removed after 99 days
August 09, 2013 V1021268 $688,000 $-100,000 -13%
October 17, 2013 V1021268 removed after 69 days
February 16, 2014 V1047537 $588,000 $-200,000 -25%

v1047537_1

Current Days on Market: 700 (1.92years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $654,000
2011 Assessment: $587,000
Desperation Score: 22.1

POINT GREY, 2 BEDROOM & DEN, 2 BATH CORNER UNIT Condo in the highly sought after “Highbury Towers”. Great northeast exposure looking at the MOUNTAINS. This is a bright, spacious suite with both a kitchen eating area as well as a formal dining room. There is a gas fireplace, in-suite storage/laundry room plus an additional storage room, bicycle room and bonus 2 parking stalls. This concrete building has had extensive upgrading and comes with a depreciation report. This very quiet building is walking distance to schools, parks, shopping, restaurants and the beach. Just minutes to UBC and downtown. OPEN HOUSE TUES 10:30AM-12:30PM FEB 18TH.

After this drop they are now $66K under assessment – it only took them 2 years to get there


#2 ) Address:# 201 6093 IONA DR, University, Vancouver West

April 13, 2012 V942945 $1,688,000 $0 0%
April 25, 2012 V942945 $1,518,800 $-169,200 -10%
July 05, 2012 V942945 $1,368,000 $-320,000 -19%
August 11, 2012 V942945 removed after 120 days
August 29, 2012 V968398 $1,350,000 $-338,000 -20%
September 22, 2012 V968398 $1,335,000 $-353,000 -21%
February 13, 2013 V968398 $1,200,000 $-488,000 -29%
August 17, 2013 V968398 removed after 353 days
February 16, 2014 V1047371 $1,199,000 $-489,000 -29%

v1047371_1

Current Days on Market: 3 (0.01years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $1,219,000
2011 Assessment: $1,335,000
Desperation Score: 15.7

STUNNING SUITE AT THE COAST located on the NW edge of UBC. Overlooking at a beautiful garden & mountain, this LUXURIOUS home offers over 1600 SF with perfectly appointed spacious rooms. Features includes: Modern gourmet kitchen with Miele, Subzero appliances, custom built cabinets & granite counters, floor to ceiling windows. Master ensuite with imported limestone flooring, solid polished marble counter, glass enclosed shower, soaker tub & radiant floor heating & much more. Enjoy the outdoor terrace (200SF) for your entertaining. Close to U/Hill Elementary school, array of parks, beaches, museums & public transit. MUST see! Agent Open, Tues, Feb 18th, 1030-12. Public Open, Sat & Sun, Feb 22/23, 2-4pm.


#1 ) Address:# 504 2189 W 42ND AV, Kerrisdale, Vancouver West

May 17, 2008 V709314 $1,298,000 $0 0%
June 07, 2008 V709314 $1,248,000 $-50,000 -4%
June 20, 2008 V709314 $1,198,000 $-100,000 -8%
July 18, 2008 V709314 $1,168,000 $-130,000 -10%
July 23, 2008 V709314 removed after 67 days
September 17, 2008 V733824 $1,158,000 $-140,000 -11%
October 18, 2008 V733824 $1,048,000 $-250,000 -19%
November 10, 2008 V733824 removed after 54 days
February 26, 2009 V754349 $988,000 $-310,000 -24%
August 14, 2009 V754349 $948,000 $-350,000 -27%
September 08, 2009 V754349 removed after 194 days
September 23, 2013 V1028494 $1,079,000 $-219,000 -17%
October 29, 2013 V1028494 $995,000 $-303,000 -23%
December 21, 2013 V1028494 $949,000 $-349,000 -27%
February 14, 2014 V1028494 $919,000 $-379,000 -29%

v1028494_1

Current Days on Market: 149 (0.41years)
Current ‘Official’ Days on Market: 149
2013 Assessment: $844,000
2011 Assessment: $1,082,000
Desperation Score: 23.9

Kerrisdale – totally renovated in 2009. A wonderful bright corner suite with top notch finishings. Two bedrooms plus den across from Kerrisdale Community Centre, shops and banks. Spacious, open floor plan with 5′ x 7′ SW balcony off living room and master bedroom. Gourmet kitchen with walnut hardwood floors, ss appliances, granite countertops, wet bar, wine fridge. Very elegant master ensuite with separate shower and heated floors.Two parking stalls plus storage locker.Age restriction of 19 years. Depreciation report done.

This condo was assessed almost 30% higher just two years ago.  “Depreciation report done.” – this is something you’ll be seeing a lot of in the near future