Vancouver Price Drop

Documenting Vancouver real estate price movements

Monthly Archives: March 2014

Weekly Drop Metro Vancouver Detached – March 31, 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.

Sounding like a broken record, 4 listings from Richmond winning yet again and 3 from Vancouver West this week.

4 of the listings just listed below $1 million for the first time

At least 3 of the homes had just been sold fairly recently and all 3 are now listed for a net loss once transactional costs are included (and 2 of them now listed for below the last sale price)


#10 ) Address:920 RIVERSIDE DR, Seymour, North Vancouver

February 10, 2008 V688313 $1,288,000 $0 0%
April 30, 2008 V688313 $1,249,000 $-39,000 -3%
June 01, 2008 V688313 removed after 112 days
June 05, 2008 V713592 $1,198,000 $-90,000 -7%
June 18, 2008 V713592 $1,147,000 $-141,000 -11%
July 26, 2008 V713592 $1,099,000 $-189,000 -15%
September 02, 2008 V713592 removed after 89 days
September 05, 2008 V731201 $1,049,000 $-239,000 -19%
September 25, 2008 V731201 $999,000 $-289,000 -22%
October 21, 2008 V731201 removed after 46 days
October 23, 2008 V740664 $899,900 $-388,100 -30%
February 17, 2009 V740664 $859,000 $-429,000 -33%
February 23, 2009 V740664 removed after 123 days
December 05, 2013 V1037793 $1,049,000 $-239,000 -19%
February 03, 2014 V1037793 $1,038,000 $-250,000 -19%
March 04, 2014 V1037793 removed after 89 days
March 17, 2014 V1052394 $1,038,000 $-250,000 -19%
March 30, 2014 V1052394 $998,000 $-290,000 -23%

 

v1052394_1

Current Days on Market: 117 (0.32years)
Current ‘Official’ Days on Market: 15
2013 Assessment: $919,000
Desperation Score: 19.4

Gracious, Spacious, & Elegant best describest this 4bed/4bath Seymour home sitting on an almost 10,000s/f level lot. Designed to offer the best in both casual and formal living and extensively renovated, including a full addition in 2007. There are 3 generous bedrooms up, master with 5pc bath, walk in closet, private balcony and it’s own gas fireplace. The main floor with almost 1900s/f features an open plan kitchen with granite counters, s/s appliances, plenty of cupboards and counter space, a custom built in office and large wak in pantry. The adjoining eating area and family room has sliders to a walk out cedar deck & fully fenced East facing yard which backs onto greenbelt providing plenty of privacy. Enjoy formal entertaining in the elegant living room featuring an accent fireplace, & create special memories in the formal dining room. Completing the main floor is the 4th bedroom currently being used as a play room, full size laundry room & accesss to the attached DOUBLE Car garage. Not to be missed!

“describest”, “accesss” and my favorite, “wak in pantry” – sounds inappropriate… Tazmeen Woodall, this description is a fail and it’s been like this for 2 weeks


#9 ) Address:9508 PALMER RD, Boyd Park, Richmond

October 25, 2013 V1033037 $1,288,000 $0 0%
March 25, 2014 V1033037 removed after 151 days
March 27, 2014 V1054465 $998,000 $-290,000 -23%

 

v1054465_1

Current Days on Market: 158 (0.43years)
Current ‘Official’ Days on Market: 5
2013 Assessment: Unknown
Desperation Score: 22.6

This is corner lot home which had newly professionally and extensive renovation done through out the whole house! Great area and neighborhood. Walking distance to the public transit, schools, and shops. Quiet and perfect home for small or big family. This is also the best investment as you can live in now and to build your dream home later, do not miss this!!

“newly professionally and extensive renovation”, “Walking distance to the public transit”, “This is also the best investment as you can live in now and to build your dream home later”.  Lay La Yang actually has two crappy descriptions in this weeks top 10 drops.  Impressive.


#8 ) Address:4154 W 11TH AV, Point Grey, Vancouver West

June 02, 2012 V953979 $4,200,000 $0 0%
August 29, 2012 V953979 removed after 88 days
September 14, 2012 V971261 $3,990,000 $-210,000 -5%
September 27, 2012 V971261 removed after 13 days
November 17, 2012 V980383 $3,588,000 $-612,000 -15%
March 01, 2013 V980383 removed after 104 days
March 20, 2013 V996379 $3,588,888 $-611,112 -15%
June 02, 2013 V996379 removed after 74 days
July 13, 2013 V1017178 $3,488,000 $-712,000 -17%
September 30, 2013 V1017178 removed after 79 days
October 04, 2013 V1030020 $3,288,000 $-912,000 -22%
December 13, 2013 V1030020 removed after 70 days
January 16, 2014 V1041743 $3,288,888 $-911,112 -22%
March 26, 2014 V1041743 $3,188,888 $-1,011,112 -24%

 

v1041743_1

Current Days on Market: 668 (1.83years)
Current ‘Official’ Days on Market: 75
2013 Assessment: $3,039,000
2012 Assessment: Building Unfinished at time of assessment
2011 Assessment: $1,808,300
Desperation Score: 30.9

If only the best will do this 2896 sq foot Point Grey residence is the one for you. Bonus is the 672 sq ft Laneway house with its 9 foot ceilings. Perched on the high side of Prestigious W. 11th Ave, this smart family home features a 435 sq foot unobstructed view deck, third floor with 3 bedrooms including a master bedroom with ensuite and a main floor with 10 ft ceilings, custom millwork and a gourmet ktichen. Call today to view this european built 4 bedroom 3.5 bathroom geothermal heated residence of distinction.

“ktichen”…  Down over a million and still over assessment


#7 ) Address:3280 W 16TH AV, Arbutus, Vancouver West

January 08, 2012 V924164 $2,188,000 $0 0%
April 19, 2012 V924164 $1,999,900 $-188,100 -9%
June 06, 2012 V924164 $1,859,900 $-328,100 -15%
August 27, 2012 V924164 removed after 232 days
January 13, 2013 V984927 $1,588,000 $-600,000 -27%
January 30, 2013 V984927 removed after 17 days
March 26, 2014 V1054289 $1,620,000 $-568,000 -26%

 

No Picture

Current Days on Market: 6 (0.02years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $1,610,000
2012 Assessment: $1,551,000
2011 Assessment: $1,638,000
Desperation Score: 11.2

Prime Arbutus area; good location, close to Prince of Wales Secondary, Carnarvon Elementary, UBC, 50×120 = 6000 sq ft. first showing: 2-4pm Saturday, March 29, second showing: 1-2 pm Sunday, March 30. Pls call to make appointment.

Sold for $1,595,000 in January 2013 so they are looking at a $60K loss IF sold for asking when commission, property transfer and other transactional fees are included

“Pls” – seriously, you can’t type out please?


#6 ) Address:9520 CAPELLA DR, West Cambie, Richmond

October 01, 2008 V736635 $888,000 $0 0%
October 28, 2008 V736635 $858,000 $-30,000 -3%
January 28, 2009 V736635 $799,000 $-89,000 -10%
June 27, 2009 V736635 $880,000 $-8,000 -1%
December 01, 2009 V736635 removed after 426 days
January 09, 2010 V802762 $928,000 $0 0%
May 18, 2010 V802762 $948,000 $0 0%
November 15, 2010 V802762 removed after 310 days
November 18, 2010 V858723 $988,000 $0 0%
May 03, 2011 V858723 $1,250,000 $0 0%
October 22, 2011 V858723 $1,150,000 $-100,000 -8%
January 01, 2012 V858723 removed after 409 days
January 05, 2012 V923205 $1,180,000 $-70,000 -6%
June 30, 2012 V923205 removed after 177 days
September 07, 2013 V1025395 $1,020,000 $-230,000 -18%
November 07, 2013 V1025395 $1,380,000 $0 0%
March 30, 2014 V1025395 $990,000 $-390,000 -28%

 

v1025395_1

Current Days on Market: 206 (0.56years)
Current ‘Official’ Days on Market: 206
2013 Assessment: $935,000
2011 Assessment: $948,000
Desperation Score: 30.0

Beautiful 14 years new home in a great neighborhood, Oak’s Subdivision. This 5 bedroom, 4 baths home with 2770 SQFT. comes loaded with everything including stainless steel appliances, Maple Kitchen Cabinets with Granite And Quartz counters throughout and Faux MARBLE floors with Luxurious Carpet Accent, radiant heating, Tile roof, 18′ ceiling,Wok kitchen, sec & vacuum system, crown moulding & lots more.

Sold for $1,028,000 in June 2013 so they are looking at a $95K loss IF sold for asking when commission, property transfer and other transactional fees are included

“Faux MARBLE floors” – is that really something to brag about?


#5 ) Address:5658 IRVING ST, Forglen, Burnaby

July 22, 2011 V901193 $1,399,000 $0 0%
July 27, 2011 V901193 $1,288,000 $-111,000 -8%
October 18, 2011 V901193 removed after 88 days
January 05, 2013 V983503 $1,399,000 $0 0%
January 17, 2013 V983503 $1,299,000 $-100,000 -7%
March 16, 2013 V983503 $1,220,000 $-179,000 -13%
April 10, 2013 V983503 $1,250,000 $-149,000 -11%
April 30, 2013 V983503 removed after 115 days
August 01, 2013 V1019991 $1,330,000 $-69,000 -5%
September 07, 2013 V1019991 $1,280,000 $-119,000 -9%
February 21, 2014 V1019991 removed after 204 days
February 26, 2014 V1048996 $1,234,000 $-165,000 -12%
March 24, 2014 V1048996 removed after 26 days
March 27, 2014 V1054456 $998,000 $-401,000 -29%

 

v1054456_1

Current Days on Market: 451 (1.24years)
Current ‘Official’ Days on Market: 5
2013 Assessment: $1,234,000
Desperation Score: 44.1

Great location in Forest Glen area, features 2 level home with 3 bedroom upper floor and 2 bedrooms down. Very well built with grauite counter tops, crown mouldings, courtesy gas fireplace with limestone facing, level lot, one bedroom suite mortgage help with another potential one bedroom suite. Walking distance to Safeway, Metrotown and Deer Lake, and Elementary Schools. BEST VALUE in town!Open House 29 March Satureday 12-2pm.

“grauite”, “Satureday” – Lay La Yang’s second crappy entry this week, SPELL CHECK!  “courtesy gas fireplace”???


#4 ) Address:3771 W 11TH AV, Point Grey, Vancouver West

September 19, 2008 V733867 $1,579,000 $0 0%
October 23, 2008 V733867 $1,489,900 $-89,100 -6%
December 09, 2008 V733867 removed after 81 days
May 11, 2011 V887582 $1,998,800 $0 0%
June 07, 2011 V887582 removed after 27 days
August 25, 2012 V968036 $2,680,000 $0 0%
May 22, 2013 V968036 removed after 270 days
July 20, 2013 V1018620 $2,380,000 $-300,000 -11%
October 07, 2013 V1018620 removed after 79 days
October 11, 2013 V1031182 $2,380,000 $-300,000 -11%
December 28, 2013 V1031182 removed after 78 days
January 16, 2014 V1041427 $2,380,000 $-300,000 -11%
March 10, 2014 V1041427 $2,238,000 $-442,000 -16%
March 25, 2014 V1041427 removed after 68 days
March 28, 2014 V1054732 $1,880,000 $-800,000 -30%

 

v1054732_1

Current Days on Market: 584 (1.60years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $1,968,000
2012 Assessment: $1,993,000
2011 Assessment: $1,984,000
Desperation Score: 42.2

The lot is 50 width and 122 Depth. Clean lot, flawless. Many updates home with 3 bedrooms up & 3 bedrooms down with separate entrances. The best location in Point Grey area!! You can move in with you luggage and also to build your dream home in this most preferable location. All the best schools are around, and the amenities are step away from here!! First open house is this Sat and Sun 2-4 pm!!

Sold for $1,958,000 in  May 2011 so they are looking at a $180K loss IF sold for asking when commission, property transfer and other transactional fees are included

“you luggage”.  Tried listing this a year after buying it for a half million plus in easy profit until reality happened


#3 ) Address:8260 GILBERT RD, Broadmoor, Richmond

February 14, 2007 V630318 $649,000 $0 0%
June 13, 2007 V630318 removed after 119 days
March 13, 2008 V694070 $718,000 $0 0%
October 01, 2008 V694070 removed after 202 days
April 21, 2010 V823712 $920,000 $0 0%
July 15, 2010 V823712 removed after 85 days
July 22, 2012 V963270 $3,180,000 $0 0%
September 24, 2012 V963270 removed after 64 days
September 29, 2012 V974169 $2,888,000 $-292,000 -9%
December 11, 2012 V974169 removed after 73 days
January 27, 2013 V987440 $2,788,000 $-392,000 -12%
March 02, 2013 V987440 removed after 34 days
March 27, 2013 V997538 $2,813,000 $-367,000 -12%
June 19, 2013 V997538 $2,748,000 $-432,000 -14%
July 20, 2013 V997538 $2,680,000 $-500,000 -16%
September 02, 2013 V997538 removed after 159 days
October 18, 2013 V1032313 $2,488,000 $-692,000 -22%
January 27, 2014 V1032313 removed after 101 days
January 31, 2014 V1044398 $2,488,000 $-692,000 -22%
March 24, 2014 V1044398 removed after 52 days
March 28, 2014 V1054792 $2,180,000 $-1,000,000 -31%

 

v1054792_1

Current Days on Market: 618 (1.69years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $1,858,000
2011 Assessment: $1,849,000
Desperation Score: 42.0

RARE GEM on Gilbert Road!! A Designer’s masterpiece, with exceptional workmanship. Amazingly Quiet thanks to the architectural layout. Open concept layout on the main floor – well ventilated interior. High-End S/S Appliances!! Tremendous lighting allocation inside out – detailed ceiling, mouldings plus natural lighting within the house make this property BRIGHT and FUN! Heavily use of expensive/unique tiles throughout the house. Huge outdoor sundeck equipped with gas BBQ stove, colourful LED lights in the family room & media room w/ WET BAR provides countless opportunities for parties and gathering. Media room can be easily converted into an in-law/guest suite. Steps away to Ferris Elementary & Richmond High.OPEN SAT MAR 29 2-4.

New build listed almost 2 years and down a million dollars


#2 ) 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%
September 02, 2013 V1000312 removed after 143 days
March 26, 2014 V1054140 $5,400,000 $-2,489,000 -32%

 

v1054140_1

Current Days on Market: 6 (0.02years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $3,599,000
Desperation Score: 11.7

Absolutely Amazing Waterfront Retreat! This spectacular residence, designed by renowned architectural firm, Kaffka Design, and featured in BC HOME magazine, is a magnificent west coast home w/ an incredible floor plan, located on a massive.8 acre private waterfront lot, offers an incomprable west coast lifestyle. Walk through the two solid fir doors and you are greeted by massive wooden beams, beautiful slate floors, stone fireplaces and floor-to-ceiling windows with large French doors that open to expansive elegant decks, all overlooking one of the most stunning of all possible views! This amazing home offers every possible feature of luxury waterfront living, including an infinity edged pool and expansive waterside dock…

“incomprable”.  Half million dollar price increase and they still make #2 spot


#1 ) Address:6428 CHELMSFORD ST, Granville, Richmond

October 23, 2011 V917053 $2,398,000 $0 0%
July 24, 2012 V917053 removed after 275 days
July 26, 2012 V963719 $1,800,000 $-598,000 -25%
February 01, 2013 V963719 removed after 190 days
March 31, 2013 V998365 $1,750,000 $-648,000 -27%
December 28, 2013 V998365 removed after 272 days
January 27, 2014 V1043394 $1,668,000 $-730,000 -30%
March 25, 2014 V1043394 $1,598,000 $-800,000 -33%

 

v1043394_1

Current Days on Market: 891 (2.44years)
Current ‘Official’ Days on Market: 64
2013 Assessment: $1,436,000
2011 Assessment: $1,597,000
Desperation Score: 18.6

Come and see this magnificent house in a quite neighborhood of Granville area. Shiny chandelier in the high ceiling entrance hall. Two living rooms with luxurious finishing. An Oversized kitchen has a large island and is accompanied with two dining area. Jacuzzi and sauna room in the main floor for your relax. A huge master room has a walk-in closet and an extravagant ensuite bathroom. There is an unique hallway with an arch shape skylight in the upper level. Large backyard and BBQ area for parties!

“accompanied with two dining area”, “Jacuzzi and sauna room in the main floor for your relax.”, “huge master room”, “an unique hallway”.  Sarah Zhang, this is pretty bad.  Listed for two and a half years, down 33% and still over assessment!


 

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Weekly Desperation Score Suburbs – March 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 the highest desperation score which is a formula based on price changes, relists and amounts pro rated for recency.  This will hopefully provide a more interesting look at the suburbs since previous weekly drops for these areas were completely filled with old condo’s and lot sales

White Rock has 3 listings and Panorama Ridge in Surrey adds 2 more


#10 ) Address:13715 BLACKBURN AV, White Rock, White Rock

January 09, 2009 F2900320 $520,000 $0 0%
February 21, 2009 F2900320 $465,000 $-55,000 -11%
February 27, 2009 F2900320 removed after 49 days
March 19, 2011 F1107255 $778,800 $0 0%
May 11, 2011 F1107255 $699,000 $-79,800 -10%
July 03, 2011 F1107255 removed after 106 days
May 26, 2012 F1213724 $715,000 $-63,800 -8%
June 07, 2012 F1213724 removed after 12 days
June 08, 2012 F1214983 $715,000 $-63,800 -8%
July 03, 2012 F1214983 removed after 25 days
August 17, 2013 F1319237 $2,275,000 $0 0%
October 04, 2013 F1319237 $1,999,000 $-276,000 -12%
March 10, 2014 F1319237 removed after 205 days
March 21, 2014 F1406498 $1,799,000 $-476,000 -21%

 

f1406498_1

Current Days on Market: 223 (0.61years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $1,409,000
2011 Assessment: $630,800
Desperation Score: 25.0

Stunning new custom home at the heart of White Rock, over 6000 sq ft of luxury living space on a quiet neighborhood street. Luxurious design blow your mind! Open concept main floor – elegant kitchen, quartz counters throughout, stainless appliances with a large wok kitchen and pantry over 2000 sq ft of covered decks/patio/cedar soffits and gas bbq hook-up for year round entertaining/outdoor living space. Radiant heating, security system camera/intercom (no carpet). Opulent master/ensuite/walk-in closet with large covered deck. Excellent flex plan in basement extra space for family, large rec room and media room with wet bar. Elgin Park Secondary catchment. Close to shopping, recreation and bus routes ! Minutes driving to White Rock beach, 99 highways !

Half a million down on this new build.  Assessment seems very low – this looks like a $200/sqft build so at 6000 sqft that’s about $1.2 million plus say $600K for land value.  Looks like they paid around $700K for the original home so I have to think they are in the red at $1.8 million.


#9 ) Address:1470 BEACH GROVE RD, Beach Grove, Tsawwassen

August 05, 2013 V1020516 $1,750,000 $0 0%
November 03, 2013 V1020516 $1,675,000 $-75,000 -4%
February 04, 2014 V1020516 $1,599,000 $-151,000 -9%
March 24, 2014 V1020516 $1,475,000 $-275,000 -16%

 

v1020516_1

Current Days on Market: 235 (0.64years)
Current ‘Official’ Days on Market: 235
2013 Assessment: $1,461,000
2011 Assessment: $1,503,000
Desperation Score: 25.2

Come and see this Fabulous Beach Grove Waterfront home, with exceptional views from almost every room. Enjoy your own private 47′ x 15′ Beach Front Patio, or your own private enclosed garden terrace at the front of the home, or sit on the 23′ x 20′ roof top deck over-looking quiet Beach Grove Street. Access the beach by your own private retractable ladder. This is outdoor Waterfront living at its best! The dramatic and spacious interior is just over 2500 Sq Ft and is waiting for your design choices to update and beautify this one of a kind custom built home (blueprints/plans available). Don’t miss this once in a life time opportunity to own something special and unique! OPEN HOUSE SUNDAY MARCH 30th 2:00PM TO 4:00PM

Waterfront for under $1.5 million although hard to call Beach Grove waterfront – as far as I can tell it is more of a bog, isn’t it?  Still, seems like it should be selling around this price.


#8 ) Address:13240 57TH AV, Panorama Ridge, Surrey

July 12, 2012 F1218050 $2,349,999 $0 0%
October 11, 2012 F1218050 removed after 91 days
October 19, 2012 F1225736 $2,250,000 $-99,999 -4%
January 31, 2013 F1225736 removed after 104 days
March 22, 2013 F1306566 $2,149,000 $-200,999 -9%
August 30, 2013 F1306566 removed after 161 days
September 16, 2013 F1321524 $1,949,000 $-400,999 -17%
December 17, 2013 F1321524 removed after 92 days
March 24, 2014 F1406722 $1,849,000 $-500,999 -21%

 

f1406722_1

Current Days on Market: 624 (1.71years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $1,841,000
2011 Assessment: $1,930,000
Desperation Score: 25.2

This custom built home is spectacular! As you walk in the front door you will be stunned by the double staircase and the large formal living room on your right and the separate dining room to your left. The gourmet kitchen is large and of the very highest quality. It also features and separate wok/spice kitchen. With 6 bedrooms and 8 baths (6 full ensuite) this is the perfect home for a large or extended family. The elevator is a perfect alternative to the stairs. Find a huge games room above that garage with its own bathroom and private entrance. Come to Panorama Ridge and live like Royalty!

“live like Royalty!” – yeah I heard that Prince William is looking at settling down in Panorama Ridge

 


#7 ) Address:949 LEE ST, White Rock, White Rock

September 28, 2007 F2724982 $468,000 $0 0%
October 17, 2007 F2724982 $459,900 $-8,100 -2%
December 24, 2007 F2724982 removed after 87 days
February 09, 2010 F1003489 $1,420,000 $0 0%
May 02, 2010 F1003489 removed after 82 days
April 29, 2013 F1309884 $1,495,000 $0 0%
June 02, 2013 F1309884 $1,445,000 $-50,000 -3%
August 19, 2013 F1309884 removed after 112 days
August 24, 2013 F1319874 $1,399,000 $-96,000 -6%
November 27, 2013 F1319874 $1,349,000 $-146,000 -10%
December 09, 2013 F1319874 removed after 107 days
December 17, 2013 F1327080 $1,349,000 $-146,000 -10%
March 14, 2014 F1327080 removed after 87 days
March 20, 2014 F1406325 $1,349,000 $-146,000 -10%

 

f1406325_1

Current Days on Market: 333 (0.91years)
Current ‘Official’ Days on Market: 8
2013 Assessment: $1,041,000
2011 Assessment: $1,054,000
Desperation Score: 25.8

Custom built by Bear Creek in 2010. 2/6 construction with gorgeous Sappelli hardwood floors on two levels. Clear Fir casings, Douglas Fir Gluelam beams, raw steel staircase with glass guards, Brazilian Granite Titanium on kitchen counters.Tec Lighting, Emtek Hardware and Rio Bel Taps & Faucets. All windows Argon Filled Low E, solar low gain. Exceptionally well built and designed -energy smart home. Four decks, fenced yard, landscaped with lighting & natural gas outlets. Ocean view from rooftop deck. Easy walk to the White Rock beach & pier. Come see the home for yourself!

I assume it sold for around $1.4 million in 2010.  They keep on relisting at the same price which either means they aren’t that interested in selling or more likely that they are unable to go any lower


#6 ) Address:8059 WILLET PL, Hatzic, Mission

March 16, 2008 F2806836 $545,000 $0 0%
April 10, 2008 F2806836 removed after 25 days
February 17, 2013 F1303591 $589,000 $0 0%
April 13, 2013 F1303591 $574,900 $-14,100 -2%
May 12, 2013 F1303591 removed after 84 days
May 25, 2013 F1312160 $379,000 $-210,000 -36%
July 06, 2013 F1312160 $369,000 $-220,000 -37%
September 07, 2013 F1312160 $364,900 $-224,100 -38%
September 18, 2013 F1312160 $354,900 $-234,100 -40%
February 25, 2014 F1312160 removed after 276 days
February 27, 2014 F1404652 $339,900 $-249,100 -42%
March 24, 2014 F1404652 $324,900 $-264,100 -45%

 

f1404652_1

Current Days on Market: 404 (1.11years)
Current ‘Official’ Days on Market: 29
2013 Assessment: $494,000
Desperation Score: 29.3

Opportunity knocks! Huge rancher with full bsmt on large lot and southern view! Enjoy all the space of one level living and the fully finished bsmt with a suite (if needed) brings you…shows well and fantastic value. Some say hurry or you will miss out, this time it’s true!! (Bonus, 10,000 sq.ft. lot next door available for only $159,900 MLS #F1404650)

“Some say hurry or you will miss out, this time it’s true!!” – listed for over a year and is currently 35% under assessment


#5 ) Address:26033 56TH AV, Salmon River, Langley

October 03, 2007 F2725438 $949,000 $0 0%
October 20, 2007 F2725438 $899,000 $-50,000 -5%
November 07, 2007 F2725438 $849,000 $-100,000 -11%
February 01, 2008 F2725438 removed after 121 days
February 12, 2008 F2803369 $799,900 $-149,100 -16%
March 28, 2008 F2803369 $699,900 $-249,100 -26%
May 07, 2008 F2803369 removed after 85 days
April 04, 2013 F1307543 $849,898 $-99,102 -10%
April 25, 2013 F1307543 $799,898 $-149,102 -16%
June 25, 2013 F1307543 $749,898 $-199,102 -21%
October 02, 2013 F1307543 removed after 181 days
October 09, 2013 F1323265 $699,898 $-249,102 -26%
December 17, 2013 F1323265 $689,898 $-259,102 -27%
January 04, 2014 F1323265 removed after 87 days
January 17, 2014 F1401016 $649,898 $-299,102 -32%
March 21, 2014 F1401016 $599,898 $-349,102 -37%

 

f1401016_1

Current Days on Market: 358 (0.98years)
Current ‘Official’ Days on Market: 70
2013 Assessment: $581,000
Desperation Score: 35.0

Great 96,000+ sq.ft.(2.21 acre) building lot with small creek and fruit trees for country estate and/or small Equestrian Centre with 3 stall barn, paddock and 110×80 ft riding ring. Lrg bsmt home with 3 bdrm bsmt and sep 2 bdrm mobile home fully rented for turnkey cash flow. Other out buildings incl 30×23 Quonset with 230 and car hoist, storage shed and an 800 sq.ft. portable. Lots of room and parking for 3 lrg trucks. Ideal for home based business with exposure backing onto Hwy #1, facing 56 Ave and next to 264 St Exit to Border crossing, bring your ideas…HURRY!!

“HURRY!!”.  They love the 898 in the price but doesn’t seem to be bringing them much luck


#4 ) Address:15518 SEMIAHMOO AV, White Rock, White Rock

May 05, 2009 F2907274 $634,900 $0 0%
May 06, 2009 F2907274 $609,900 $-25,000 -4%
July 09, 2009 F2907274 removed after 65 days
February 28, 2012 F1205026 $877,000 $0 0%
March 19, 2012 F1205026 removed after 20 days
August 17, 2013 F1319336 $2,500,000 $0 0%
October 25, 2013 F1319336 removed after 69 days
November 03, 2013 F1324731 $2,390,000 $-110,000 -4%
December 02, 2013 F1324731 removed after 29 days
January 16, 2014 F1400085 $2,300,000 $-200,000 -8%
March 12, 2014 F1400085 $1,999,000 $-501,000 -20%
March 20, 2014 F1400085 removed after 63 days
March 24, 2014 F1406782 $1,999,000 $-501,000 -20%

 

f1406782_1

Current Days on Market: 223 (0.61years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $1,435,000
2011 Assessment: $811,000
Desperation Score: 35.3

Located at the heart of White Rock, this west Contemporary residence offers nothing but the highest quality of craftsmanship and pays attention to every single detail, Luxurious design blow your mind! Features include miles of luxurious Italian hardwood floors & tiles, a custom designed open Concept kitchen with top of the line appliances, large island for catering, Fully Opened living/dining area and spacious media/guest room. Upstairs have gorgeous master with breathtaking ensuite, custom walk in closet and a HUGE 500 sqft patio along with two ensuite bedrooms, School, shopping Centre, and Beach are within proximity. MUST SEE!!

And another new build in White Rock down half a million and stalled at the current price.  Unlike the #10 listing, this one still has a long way to go


#3 ) Address:3088 FIRESTONE PL, Westwood Plateau, Coquitlam

September 23, 2013 V1028385 $1,299,000 $0 0%
October 23, 2013 V1028385 removed after 30 days
November 11, 2013 V1035448 $1,399,000 $0 0%
December 05, 2013 V1035448 $1,365,000 $-34,000 -2%
January 22, 2014 V1035448 $1,360,000 $-39,000 -3%
January 31, 2014 V1035448 removed after 81 days
February 08, 2014 V1045968 $1,359,800 $-39,200 -3%
February 16, 2014 V1045968 $1,338,800 $-60,200 -4%
February 19, 2014 V1045968 $1,318,800 $-80,200 -6%
February 21, 2014 V1045968 $1,289,800 $-109,200 -8%
March 26, 2014 V1045968 $1,279,800 $-119,200 -9%

 

v1045968_1

Current Days on Market: 186 (0.51years)
Current ‘Official’ Days on Market: 48
2013 Assessment: $1,247,000
Desperation Score: 36.5

Prestigious Hampton Green in Westwood Plateau. Over 5,000 sqft building on 12,300 lot, green belt, this home has it all, two bedroom legal suite, elegant entrance with two-sided spiral staircase, leads to formal living room/dining room, super-size kitchen and family room is facing to a manicured backyard with wooden patio and pond for your summer entertainment. Four bedroom and three full bathrooms, and many more to list..


#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%
March 11, 2014 V1038918 removed after 84 days
March 26, 2014 V1054239 $819,000 $-680,000 -45%

 

v1054239_1

Current Days on Market: 204 (0.56years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $912,000
Desperation Score: 38.0

Beautiful home in desirable Arbutus Landing, this is a stunning waterfront property. The south-facing ocean views can be enjoyed from the amazing decks. The open plan layout of the living areas is enhanced by the feature wood-burning fireplace. 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.

Sunshine Coast waterfront down 45%


#1 ) Address:12958 COULTHARD RD, Panorama Ridge, Surrey

May 05, 2009 F2906473 $1,898,000 $0 0%
October 31, 2009 F2906473 removed after 179 days
February 06, 2010 F1003379 $1,628,000 $-270,000 -14%
April 19, 2010 F1003379 removed after 72 days
April 22, 2010 F1010773 $1,425,000 $-473,000 -25%
June 26, 2010 F1010773 $1,375,000 $-523,000 -28%
July 29, 2010 F1010773 removed after 98 days
October 19, 2010 F1025971 $1,275,000 $-623,000 -33%
January 21, 2011 F1025971 $1,450,000 $-448,000 -24%
February 27, 2011 F1025971 removed after 131 days
April 07, 2011 F1109040 $1,888,000 $-10,000 -1%
July 23, 2011 F1109040 $1,698,000 $-200,000 -11%
September 21, 2011 F1109040 $1,578,000 $-320,000 -17%
October 14, 2011 F1109040 removed after 190 days
November 11, 2011 F1127590 $2,180,000 $0 0%
March 02, 2012 F1127590 $1,998,000 $-182,000 -8%
May 05, 2012 F1127590 removed after 176 days
May 09, 2012 F1212060 $1,880,000 $-300,000 -14%
August 01, 2012 F1212060 removed after 84 days
August 04, 2012 F1220026 $1,780,000 $-400,000 -18%
September 08, 2012 F1220026 $1,688,000 $-492,000 -23%
December 09, 2012 F1220026 removed after 127 days
January 19, 2013 F1301213 $1,588,000 $-592,000 -27%
February 19, 2013 F1301213 $1,498,000 $-682,000 -31%
March 28, 2013 F1301213 $1,398,000 $-782,000 -36%
August 17, 2013 F1301213 removed after 210 days
October 21, 2013 F1324106 $1,888,000 $-292,000 -13%
December 09, 2013 F1324106 $1,788,000 $-392,000 -18%
January 23, 2014 F1324106 $1,688,000 $-492,000 -23%
January 31, 2014 F1324106 removed after 102 days
February 13, 2014 F1403281 $1,688,000 $-492,000 -23%
March 07, 2014 F1403281 $1,588,000 $-592,000 -27%
March 21, 2014 F1403281 $1,488,000 $-692,000 -32%

 

f1403281_1

Current Days on Market: 1788 (4.90years)
Current ‘Official’ Days on Market: 43
2013 Assessment: $1,310,000
2011 Assessment: $1,237,000
Desperation Score: 55.4

Classic custom Georgian brick 5200+ sqft 7 bed 6 bath beauty. Set on full 1/2 acre fully level usable lot ‘true ridge’ location with granite lined stream running across property on prestigious Coulthard Rd. Great private setting. Only thefinest construction & workmanship materials, exotic hardwood, granite & marble throughout. Imported 100% silk drapery floor to ceiling. Hunter Douglas window coverings. Oversized ceilings, double staircase, Gourmet kitchen with additional spice kitchen. 4 Bed up, 3 Bed on lower level with separate entry, pre-wired media in oversized lower level flex room. Mature landscaping with $100K gorgeous Japanese maple. Long term resident at $5825/month. Don’t miss this amazing home and holding property!

Imagine listing a home for 5 years and still not having it sell…

Weekly Drop Metro Vancouver Attached – March 26, 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:# 2103 7388 SANDBORNE AV, South Slope, Burnaby

May 31, 2007 V650270 $798,000 $0 0%
December 18, 2007 V650270 removed after 201 days
February 11, 2011 V868690 $759,000 $-39,000 -5%
April 19, 2011 V868690 removed after 67 days
January 26, 2012 V927589 $788,000 $-10,000 -1%
June 25, 2012 V927589 removed after 151 days
August 03, 2012 V965040 $787,500 $-10,500 -1%
September 18, 2012 V965040 $744,188 $-53,812 -7%
October 30, 2012 V965040 $715,000 $-83,000 -10%
December 31, 2012 V965040 removed after 150 days
August 14, 2013 V1022065 $698,000 $-100,000 -13%
November 11, 2013 V1022065 $653,000 $-145,000 -18%
February 08, 2014 V1022065 removed after 178 days
March 24, 2014 V1053786 $619,900 $-178,100 -22%

 

v1053786_1

Current Days on Market: 225 (0.62years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $699,000
Desperation Score: 20.7

Outstanding value at Mayfair Place! 2 level Penthouse features panoramic views from every room. Enjoy NW & SW views of mountains, river, gardens & greenbelt. Kitchen features granite counters & opens to family room & deck. 2 bedroom up plus main floor den off the living room w/access to full length deck. Master suite w/private wrap around deck, 5 piece ensuite, walk-in closet & dressing room. Walk to Edmonds Skytrain & bus-loop, parks & trails, elementary & high schools. Centrally located, 5 mins to Metrotown or 20 min to Downtown. Excellent amenities; indoor pool, hot tub, sauna, gym, lounge, theatre & more. Needs updating but priced accordingly. 2 parking stalls #2-11 & #2-12 & storage locker #188 plus in-suite storage.



#9 ) Address:
# 115 8860 NO 1 RD, Boyd Park, Richmond

September 26, 2008 V736077 $238,770 $0 0%
November 12, 2008 V736077 removed after 47 days
March 20, 2014 V1053259 $185,000 $-53,770 -23%

 

v1053259_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $162,000
2011 Assessment: $214,300
Desperation Score: 9.4

ELEGANTLY UPDATED CORNER END UNIT. 2 bedrooms, 1 FULL BATH. Above ground unit with entrance from side stairs as well. Laminate flooring, paint, tiles, Recreation Centre & more! Relax on your enclosed balcony. Fabulous recreation center with pool tables, indoor & outdoor pools & right across the street from Safeway and the Seafair Mall. This is one of the lucky units that comes with underground parking as well as lots of visitors parking. Nice convenient storage locker and the bus includes balcony which is enclosed. QUICK COMPLETION/POSSESSION OK.

Assessment down 25% in 2 years and asking price down 23% in 6 years


#8 ) Address:# 303 8080 CAMBIE RD, West Cambie, Richmond

October 27, 2011 V917486 $1,088,000 $0 0%
October 24, 2012 V917486 $998,000 $-90,000 -8%
January 01, 2013 V917486 removed after 432 days
April 27, 2013 V1003724 $968,800 $-119,200 -11%
July 04, 2013 V1003724 $880,000 $-208,000 -19%
October 29, 2013 V1003724 removed after 185 days
March 21, 2014 V1053583 $833,000 $-255,000 -23%

 

No Picture

Current Days on Market: 882 (2.42years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $759,000
2011 Assessment: $774,000
Desperation Score: 21.4

ONE OF THE LARGEST END UNIT IN ABERDEEN RESIDENCE IN BRAND NEW CONDITION. Huge MASTER BEDROOM with walk-in close, plus SITTING AREA. Full ensuite 4 pce. Top appliances in KITCHEN, SUB-ZERO Fridge. The other 2 BDRM are with ensuite. Building is connected to ABERDEEN SQUARE & Canada line station. To show is to SELL.

Listed for two and a half years – “To show is to SELL.”.  6 year old condo in “BRAND NEW CONDITION”


#7 ) Address:# 301 2088 BARCLAY ST, West End, Vancouver West

May 22, 2009 V767326 $819,000 $0 0%
July 18, 2009 V767326 $787,000 $-32,000 -4%
August 21, 2009 V767326 removed after 91 days
April 10, 2010 V821065 $749,000 $-70,000 -9%
May 06, 2010 V821065 removed after 26 days
December 11, 2010 V860761 $798,000 $-21,000 -3%
February 01, 2011 V860761 $759,900 $-59,100 -7%
March 01, 2011 V860761 $749,900 $-69,100 -8%
March 31, 2011 V860761 removed after 110 days
April 08, 2011 V881000 $718,000 $-101,000 -12%
April 28, 2011 V881000 removed after 20 days
May 01, 2011 V885535 $698,000 $-121,000 -15%
July 11, 2011 V885535 removed after 71 days
March 20, 2014 V1053168 $625,000 $-194,000 -24%

 

v1053168_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $540,000
2011 Assessment: $584,000
Desperation Score: 10.7

Sold for $741,000 in June 2010 so they are looking at over $150K in losses if they sell for asking just based on the loss on sale, commission and transactional costs

See Realtor website for more photos and listing movie. Absolutely gorgeous 1 bedroom suite in the Presidio on Stanley Park. Designed by award-winning Richard Henriquez, the Presidio has only 28 units, almost solely 2 units per floor. This serene 1 bedroom, 1 bathroom underwent an enormous renovation (no expense spared) and the result is stunning. 30 feet of custom built-in storage, separate office area, windows on three sides, separate bath and shower, small laundry room, are among the details offered here. Heated tile floors, exotic wood kitchen cabinets, wool carpets, Italian glass mosaic tile, overheight ceilings. This is a perfect pied-a-terre in the city or a truly unique ‘West of Denman’ primary residence. No rentals.


#6 ) Address:# 3403 938 NELSON ST, Downtown, Vancouver West

February 01, 2008 V686406 $1,498,000 $0 0%
February 26, 2008 V686406 $1,599,800 $0 0%
April 12, 2008 V686406 removed after 71 days
June 25, 2009 V773672 $1,225,000 $-374,800 -23%
August 07, 2009 V773672 $1,188,000 $-411,800 -26%
December 15, 2009 V773672 removed after 173 days
November 21, 2010 V852481 $1,199,000 $-400,800 -25%
February 12, 2011 V852481 $1,169,000 $-430,800 -27%
April 07, 2011 V852481 removed after 137 days
March 19, 2012 V937928 $1,248,000 $-351,800 -22%
July 17, 2012 V937928 $1,198,000 $-401,800 -25%
December 16, 2012 V937928 removed after 272 days
February 15, 2013 V990321 $1,168,000 $-431,800 -27%
May 12, 2013 V990321 removed after 86 days
March 20, 2014 V1053389 $1,198,000 $-401,800 -25%

 

v1053389_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $1,078,000
2011 Assessment: $1,097,000
Desperation Score: 8.5

Purchased for $1,146,500 in May 2006 – this purchaser will lose a little over $10K if it sells at current asking.  I’m guessing that the fact that his asking price history has been very flat for a very long time means that he can’t go any lower.  Probably has very little equity in the condo and barely enough to cover the mortgage.  Speculation of course but a good guess based on what can be seen

Purchased for $775,000 in August 2005 – this purchaser made over $300K in profit when selling it less than a year later

 

Luxury penthouse style. Airey sapce with 90′ of floor to ceiling windows, 9’celling, s/s appliance, granite counter tops, jetted tub and hardwood flooring. Great view of city and mountains.24 hour concierge.

This place has been listed at some point for 7 straight years since he bought the place in 2006!  “Airey sapce”  “9’celling”.  Nice ping pong pricing for this listing – still has a long way to go


#5 ) Address:# 1600 4830 BENNETT ST, Metrotown, Burnaby

June 24, 2013 V1014029 $1,298,000 $0 0%
July 18, 2013 V1014029 $1,189,800 $-108,200 -8%
September 20, 2013 V1014029 $1,055,000 $-243,000 -19%
March 05, 2014 V1014029 removed after 254 days
March 19, 2014 V1052872 $948,800 $-349,200 -27%

 

v1052872_1

Current Days on Market: 276 (0.76years)
Current ‘Official’ Days on Market: 8
2013 Assessment: $799,000
2011 Assessment: $805,000
Desperation Score: 30.3

PENTHOUSE NW C0RNER suite with PANORAMIC views of the MOUNTAINS & CITY! 3 BED, 3 BATH with HUGE OUTDOOR SPACE (2 balconies) on the TOP 2 floors of the Balmoral in the heart of Metrotown. Only 4 suites per floor. Newly renovated with Miele appliances, granite counters, automatic roller shades, new lighting, full size LG washer/dryer, indoor/outdoor speakers and much more. High ceilings and tons of natural light. BONUS: 3 PARKING and large storage locker. Just steps away from Metrotown, Bonsor Recreation Complex, skytrain, bus loop and T & T. Well kept building with a proactive strata and the building has a hot tub, gym and meeting room.

Somehow listing the condo for 60% above assessment didn’t work


#4 ) Address:# 2408 1011 W CORDOVA ST, Coal Harbour, Vancouver West

May 09, 2010 V817063 $4,688,000 $0 0%
June 20, 2010 V817063 removed after 42 days
October 15, 2011 V915865 $3,688,000 $-1,000,000 -21%
July 02, 2012 V915865 removed after 261 days
September 04, 2012 V969054 $3,288,000 $-1,400,000 -30%
May 01, 2013 V969054 removed after 239 days
July 25, 2013 V1018970 $3,388,000 $-1,300,000 -28%
November 23, 2013 V1018970 removed after 121 days
March 24, 2014 V1053972 $3,388,000 $-1,300,000 -28%

 

v1053972_1

Current Days on Market: 894 (2.45years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $2,714,000
2011 Assessment: $3,027,000
Desperation Score: 11.8

Fairmont Pacific Rim Estates – Experience World Class Luxury at Vancouver’s most sought after true water front address. Unique to the building is one of few ’08 unit layouts. A true unique stunner. Boasts stunning ocean and North Shore mountain views with Lions Gate Bridge to the West. This efficient and open floor plan features oversized leather-bound entry doors, Boff Italian Cabinetry, Chef’s kitchen with Miele and Sub-Zero appliances, A/C. *Newly furnished space, an option for Buyer to include furniture in Purchase Sale. Steps to the very best Vancouver has to offer and fantastic amenities at your fingertips. HST is payable to purchaser.

Another condo nowhere close to selling


#3 ) Address:# 1605 1128 W HASTINGS ST, Coal Harbour, Vancouver West

October 23, 2009 V794371 $239,999 $0 0%
January 03, 2010 V794371 removed after 72 days
January 07, 2010 V802394 $244,900 $0 0%
February 17, 2010 V802394 $235,900 $-9,000 -4%
April 06, 2010 V802394 removed after 89 days
April 18, 2010 V823361 $222,000 $-22,900 -9%
May 30, 2010 V823361 removed after 42 days
September 23, 2010 V851468 $218,800 $-26,100 -11%
December 17, 2010 V851468 removed after 85 days
January 07, 2011 V862023 $218,800 $-26,100 -11%
March 30, 2011 V862023 removed after 82 days
April 09, 2011 V881075 $212,800 $-32,100 -13%
June 23, 2011 V881075 $199,800 $-45,100 -18%
August 06, 2011 V881075 removed after 119 days
January 19, 2012 V926133 $188,800 $-56,100 -23%
May 30, 2012 V926133 removed after 132 days
November 03, 2012 V979066 $174,000 $-70,900 -29%
June 30, 2013 V979066 removed after 239 days
December 02, 2013 V1037677 $187,000 $-57,900 -24%
March 19, 2014 V1037677 $175,000 $-69,900 -29%

 

v1037677_1

Current Days on Market: 1616 (4.43years)
Current ‘Official’ Days on Market: 115
2013 Assessment: $149,800
2011 Assessment: $176,000
Desperation Score: 8.4

Purchased in October 2009 for $199K and then relisted a few months later.  Down over $40K if sold for asking

Great opportunity to own a strata unit at “Marriott Pinnacle Hotel” in downtown financial core near waterfront – Share revenue from hotel guest rooms & facilities. The hotel is in walking to Stanley Park, waterfront, restaurants, shoppings, and Vancouver Conventional Centre. Owner is entitled to 30 days/year of free stay & use of pool & rec. facilities. Price includes furniture.

Listed for four and a half years, assessment down 15% in 2 years, “revenue share” in quotes because I doubt they see any


#2 ) 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%
March 24, 2014 V1040331 $998,000 $-401,900 -29%

 

v1040331_1

Current Days on Market: 287 (0.79years)
Current ‘Official’ Days on Market: 70
2013 Assessment: $1,038,500
2011 Assessment: $1,226,300
Desperation Score: 44.2

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. Open House: Saturday March 22, 2014, 2-4pm.


#1 ) 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%
March 20, 2014 V1037163 $599,900 $-279,100 -32%

 

v1037163_1

Current Days on Market: 692 (1.90years)
Current ‘Official’ Days on Market: 120
2013 Assessment: $700,000
2011 Assessment: $731,000
Desperation Score: 24.6

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.

“Priced to Sell! Canada Day is coming soon so don’t wait… “

Weekly Drop Metro Vancouver Detached – March 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.

5 listings from Richmond winning yet again and 3 from Vancouver West this week


#10 ) Address:2491 W KING EDWARD AV, Arbutus, Vancouver West

March 11, 2010 V814072 $1,368,000 $0 0%
March 23, 2010 V814072 $1,338,000 $-30,000 -2%
March 29, 2010 V814072 removed after 18 days
October 15, 2011 V915722 $3,860,000 $0 0%
November 19, 2011 V915722 $3,488,000 $-372,000 -10%
January 12, 2012 V915722 removed after 89 days
January 19, 2012 V926419 $3,486,000 $-374,000 -10%
February 04, 2012 V926419 $3,389,000 $-471,000 -12%
August 01, 2012 V926419 removed after 195 days
January 27, 2014 V1043257 $3,160,000 $-700,000 -18%
February 19, 2014 V1043257 $3,060,000 $-800,000 -21%
March 24, 2014 V1043257 $2,980,000 $-880,000 -23%

 

v1043257_1

Current Days on Market: 57 (0.16years)
Current ‘Official’ Days on Market: 57
2013 Assessment: $2,876,000
2011 Assessment: $2,982,000
Desperation Score: 21.3

Marvelous custom built house with Mountain View from the balcony of the master bedroom upstairs located in the prime area of Arbutus. This very classic and beautiful detailed home with 10 feet high ceiling throughout main & basement was built by using high quality materials of marble, granite and mouldings. 4-bedroom upstairs and 3-bedroom downstairs with total 5.5 bathrooms. Kitchens finished with top line of appliances. The European-style wrought iron windows and tile keep the house warm and impressive. Huge space in the basement can be used as sportive and/or livable rooms. Well-known school catchments of PW secondary and Trafalgar elementary, shopping and community center nearby. DO NOT MISS THE CHANCE TO OWN IT.

“DO NOT MISS THE CHANCE TO OWN IT.” – new build down $900K


#9 ) Address:3578 W 39TH AV, Dunbar, Vancouver West

April 22, 2007 V642240 $1,550,000 $0 0%
July 03, 2007 V642240 removed after 72 days
July 07, 2007 V657125 $1,490,000 $-60,000 -4%
November 11, 2007 V657125 removed after 127 days
November 21, 2007 V678492 $1,560,000 $0 0%
March 12, 2008 V678492 $1,498,000 $-62,000 -4%
October 29, 2008 V678492 $1,398,000 $-162,000 -10%
February 17, 2009 V678492 removed after 454 days
March 15, 2012 V937131 $3,080,000 $0 0%
May 04, 2012 V937131 removed after 50 days
May 10, 2012 V949063 $2,968,000 $-112,000 -4%
June 26, 2012 V949063 removed after 47 days
January 16, 2014 V1040531 $2,690,000 $-390,000 -13%
February 21, 2014 V1040531 removed after 36 days
March 05, 2014 V1050130 $2,538,000 $-542,000 -18%
March 19, 2014 V1050130 $2,368,000 $-712,000 -23%

 

v1050130_1

Current Days on Market: 68 (0.19years)
Current ‘Official’ Days on Market: 20
2013 Assessment: $2,334,000
2011 Assessment: $2,236,000
Desperation Score: 29.8

Renovated in 2010, Huge kitchen and family room facing southern backyard. High ceiling foyer. Main floor features huge open spaces complimented by hardwood flooring. Gourmet kitchen is completely renovated with luxurious solid wood Mahogany custom cabinetry, top-grade stainless steel appliances and lots of storage and pantry space. Oversize master bedroom with walk-in closet, 5 more spacious bedrooms and 5 ensuites to accommodate any family! Located near the BEST schools, St George, Crofton House private school, Kerrisdale Elementary, Point Grey Secondary catchment & easy access to UBC. Steps away from shops and transportation..open house 2-4 Sat Sun Mar 22, 23

Renovated in 2010 so they added $1.7 million to the price…  Didn’t work out


#8 ) Address:9531 GILBERT CR, Woodwards, Richmond

April 10, 2011 V881485 $1,288,000 $0 0%
July 08, 2011 V881485 removed after 89 days
March 24, 2014 V1053717 $980,000 $-308,000 -24%

No Picture

Current Days on Market: 1 (0.00years)
Current ‘Official’ Days on Market: 1
2013 Assessment: $808,100
2011 Assessment: $1,066,100
Desperation Score: 19.3

8122 sq ft rectangula lot in prestigious Woodward area. House is not on Gilbert, it is behind tree lined boulevard. London High School is within 1 min walk. Full basement, tenanted.

“rectangula” – After seeing the assessment drop 25% in 2 years and listing price drop $300K in one shot I can’t really blame them for spelling mistakes.  Actually yes I can Denny Fok, it’s still a million dollar home with a $40K commission…


#7 ) Address:435 W 59TH AV, South Cambie, Vancouver West

November 03, 2007 V676615 $1,280,000 $0 0%
November 01, 2008 V676615 removed after 364 days
May 29, 2009 V768703 $1,150,000 $-130,000 -10%
July 13, 2009 V768703 removed after 45 days
June 09, 2012 V955565 $4,380,000 $0 0%
July 28, 2012 V955565 $4,188,000 $-192,000 -4%
September 29, 2012 V955565 $3,988,000 $-392,000 -9%
November 01, 2012 V955565 removed after 145 days
November 04, 2012 V979101 $3,980,000 $-400,000 -9%
March 01, 2013 V979101 removed after 117 days
March 16, 2013 V995803 $3,880,000 $-500,000 -11%
August 01, 2013 V995803 removed after 138 days
September 14, 2013 V1027073 $3,880,000 $-500,000 -11%
October 29, 2013 V1027073 $3,680,000 $-700,000 -16%
December 28, 2013 V1027073 removed after 105 days
January 16, 2014 V1041119 $3,880,000 $-500,000 -11%
March 10, 2014 V1041119 $3,726,000 $-654,000 -15%
March 19, 2014 V1041119 removed after 62 days
March 24, 2014 V1053854 $3,299,888 $-1,080,112 -25%

 

v1053854_1

Current Days on Market: 654 (1.79years)
Current ‘Official’ Days on Market: 1
2013 Assessment: $2,665,000
2011 Assessment: $2,628,000
Desperation Score: 41.8

Like new! Great price! Beautifully crafted West side Cambie home with unobstructed views of Fraser River & Richmond. Grand but comfortable layout featuring high end materials & top notch appliances throughout the house. 4 bedrooms upstairs all complete with ensuites. Office on main floor looks out to quiet Winona Park. Basement is complete with rec room featuring home theatre system, bar, sauna, and separate bathroom. 2 bedroom suite is perfect for mortgage helper or visiting friends, business partners, or family. Proximity to top-ranked schools: Churchill Secondary and Sir Wilfrid Laurier Elementary.

“Like new!” – probably because it hasn’t been lived in


#6 ) Address:12420 JENSEN DR, East Cambie, Richmond

May 09, 2012 V948669 $1,180,000 $0 0%
June 29, 2012 V948669 $1,090,000 $-90,000 -8%
August 01, 2012 V948669 removed after 84 days
October 11, 2012 V975862 $1,080,000 $-100,000 -8%
December 16, 2012 V975862 removed after 66 days
January 25, 2013 V987137 $1,080,000 $-100,000 -8%
April 01, 2013 V987137 removed after 66 days
July 06, 2013 V1016034 $999,000 $-181,000 -15%
July 25, 2013 V1016034 $968,000 $-212,000 -18%
August 09, 2013 V1016034 $938,000 $-242,000 -21%
September 02, 2013 V1016034 removed after 58 days
September 12, 2013 V1026533 $948,000 $-232,000 -20%
October 09, 2013 V1026533 $928,000 $-252,000 -21%
November 29, 2013 V1026533 removed after 78 days
January 16, 2014 V1039980 $899,900 $-280,100 -24%
March 17, 2014 V1039980 removed after 60 days
March 19, 2014 V1052994 $888,000 $-292,000 -25%

 

v1052994_1

Current Days on Market: 685 (1.88years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $835,000
2011 Assessment: $850,000
Desperation Score: 35.8

Bright & immaculate 5 bedroom family home loc on a nice quiet street in the heart of desirable California Pointe! Excellent layout with grand entry, high ceilings in the LR, 3 full bathrooms including a bedroom & full bath on the main, all new laminate floors throughout, gourmet kitchen, 2674 SF of spacious living, skylights, radiant heat on both levels, 2 cozy fireplaces, built in vacuum, security system & double garage. Pride of ownership is evident throughout this one owner home. All this on a fantastic 4865 lot with a sunny south backyard close to McNeely Elementary & Cambie Secondary schools, King George Park, shopping, recreation & easy access into Vancouver. A PLEASURE TO SHOW!


#5 ) Address:9111 PINEWELL CR, Saunders, Richmond

May 02, 2008 V705363 $699,000 $0 0%
May 17, 2008 V705363 $669,000 $-30,000 -4%
July 21, 2008 V705363 removed after 80 days
April 26, 2009 V763330 $558,000 $-141,000 -20%
May 07, 2009 V763330 removed after 11 days
August 15, 2009 V781873 $738,000 $0 0%
November 16, 2009 V781873 removed after 93 days
February 24, 2010 V811248 $783,000 $0 0%
March 17, 2010 V811248 removed after 21 days
January 25, 2012 V927519 $2,388,000 $0 0%
October 26, 2012 V927519 $2,198,000 $-190,000 -8%
January 01, 2013 V927519 removed after 342 days
January 23, 2013 V986450 $1,798,000 $-590,000 -25%
February 28, 2013 V986450 $1,838,000 $-550,000 -23%
December 17, 2013 V986450 removed after 328 days
January 23, 2014 V1043004 $1,799,000 $-589,000 -25%
March 18, 2014 V1043004 $1,699,000 $-689,000 -29%

 

v1043004_1

Current Days on Market: 790 (2.16years)
Current ‘Official’ Days on Market: 61
2013 Assessment: $1,538,000
2011 Assessment: $1,428,000
Desperation Score: 24.7

Immaculate & elegant in Saunders area . 8251 s.ft lot . West faceing back yard . 5 Bed room , main floor with high ceilings, baseboards granite and tile work. Huge living room, dining room, kitchen, wok kitchen, rec room , complete home th eatre, 1 bedroom with ensuite and a prayer room with central air conditioning, HRV, built in vacuum, alarm, security camera, 3 car garage . Balance of 2-5-10 New Home Warranty. Walking distance to popular French Immersion Whiteside Elementary and Mcroberts secondary.

#3 and #5 look like they are owned by the same guy based on price change patterns and the fact that they are beside each other on Pinewell street.  Down a combined $1.8 million


#4 ) Address:5358 KEW CLIFF RD, Caulfeild, West Vancouver

October 06, 2006 V588935 $2,995,000 $0 0%
October 30, 2006 V588935 removed after 24 days
September 23, 2007 V669957 $4,200,000 $0 0%
October 24, 2007 V669957 $3,950,000 $-250,000 -6%
May 06, 2008 V669957 $3,495,000 $-705,000 -17%
December 09, 2008 V669957 removed after 443 days
January 17, 2009 V748716 $3,495,000 $-705,000 -17%
July 16, 2009 V748716 removed after 180 days
April 04, 2010 V819725 $2,995,000 $-1,205,000 -29%
July 06, 2010 V819725 $2,499,000 $-1,701,000 -41%
July 24, 2010 V819725 $3,200,000 $-1,000,000 -24%
August 31, 2010 V819725 $2,698,000 $-1,502,000 -36%
October 01, 2010 V819725 removed after 180 days
October 08, 2010 V853790 $2,698,000 $-1,502,000 -36%
October 29, 2010 V853790 removed after 21 days
August 25, 2011 V906744 $4,088,000 $-112,000 -3%
August 31, 2011 V906744 $4,290,000 $0 0%
September 20, 2011 V906744 $4,158,000 $-132,000 -3%
October 25, 2011 V906744 $4,870,000 $0 0%
November 24, 2011 V906744 removed after 91 days
December 22, 2011 V922782 $4,870,000 $0 0%
March 13, 2012 V922782 $4,380,000 $-490,000 -10%
April 03, 2012 V922782 $3,990,000 $-880,000 -18%
June 16, 2012 V922782 $3,750,000 $-1,120,000 -23%
July 14, 2012 V922782 removed after 205 days
August 25, 2012 V968044 $3,468,000 $-1,402,000 -29%
February 07, 2013 V968044 $3,198,000 $-1,672,000 -34%
March 25, 2013 V968044 removed after 212 days
April 05, 2013 V999154 $3,198,000 $-1,672,000 -34%
August 17, 2013 V999154 $3,350,000 $-1,520,000 -31%
November 19, 2013 V999154 removed after 228 days
February 06, 2014 V1045829 $3,350,000 $-1,520,000 -31%
March 04, 2014 V1045829 removed after 26 days
March 19, 2014 V1052866 $3,350,000 $-1,520,000 -31%

 

v1052866_1

Current Days on Market: 943 (2.58years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $2,196,000
Desperation Score: 20.7

Unique, sophisticated, quietly elegant, handcrafted, naturally beautiful- you’ll be captivated by this home & the lifestyle! Kew Cliff known as one of West Vancouver’s most sought after waterfront cul-de-sac. Situated on a private gated 20,000 sqft fully landscaped estate, this classic heritage style custom built residence has been designed using the highest attention to detail quality & finishing. Boasting over 6000? sqft on 3 levels, where all principal rms open onto entertainment size concrete patios with amazing sunsets unobstructed ocean views of Passage Island, Bowen Island and out the mighty pacific to Vancouver Island & Nanaimo. Approximate House Size: 6169 sqft. Double Garage Size: 594 sqft.

Listed for 2 and a half years and are still refusing to lower their latest price increase.  Being over 50% above assessment doesn’t seem to phase them


#3 ) 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%
March 18, 2014 V1042624 $2,387,500 $-1,100,500 -32%

 

v1042624_1

Current Days on Market: 834 (2.28years)
Current ‘Official’ Days on Market: 65
2013 Assessment: $1,749,000
Desperation Score: 36.1

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!

Linked with #5 and this one has been on the market since it was built – now down $1.1 million


#2 ) Address:7426 BURRIS ST, Buckingham Heights, Burnaby

September 20, 2012 V972373 $2,990,000 $0 0%
February 07, 2013 V972373 removed after 140 days
May 25, 2013 V1009037 $1,999,000 $-991,000 -33%
July 10, 2013 V1009037 $1,888,000 $-1,102,000 -37%
November 29, 2013 V1009037 removed after 188 days
March 24, 2014 V1053726 $1,988,000 $-1,002,000 -34%

 

v1053726_1

Current Days on Market: 551 (1.51years)
Current ‘Official’ Days on Market: 1
2013 Assessment: $1,954,000
2011 Assessment: $1,411,000
Desperation Score: 23.6

STOP! An incredible value in prestigious Buckingham Heights! You must see this gorgeous home completely renovated with style in 2008. Located on the exclusively part of Burris St on the high side with view of mountains! You will be captivated by the European style entry & Dining room! Features include granite floors & pillars, Brazilian redwood, sandstone arches, slate bathrooms & walls, double river rock fireplace & much more! Huge parking lot with gates & 2 car garage. Huge waterfall with potential hot tub function & stone pillared gazebo with glass top for you to have a relaxing time with family or friends! Minutes drive to Metrotown & SFU. Perfect for growing family! HURRY! School Catchments: Buckingham Elementary & Burnaby Central Secondary.

“STOP!  potential hot tub function.  HURRY! ”  That $3 million price was out to lunch – they drop it in one shot by 33% and it still doesn’t sell.  Current price is higher than the recently expired price


#1 ) Address:6411 WILLIAMS RD, Woodwards, Richmond

October 06, 2006 V599405 $708,000 $0 0%
October 31, 2006 V599405 removed after 25 days
February 29, 2008 V691576 $768,000 $0 0%
June 03, 2008 V691576 $788,000 $0 0%
September 01, 2008 V691576 removed after 185 days
March 02, 2011 V872474 $1,395,000 $0 0%
August 29, 2011 V872474 removed after 180 days
January 16, 2014 V1040155 $968,000 $-427,000 -31%
March 20, 2014 V1040155 $868,000 $-527,000 -38%

 

v1040155_1

Current Days on Market: 68 (0.19years)
Current ‘Official’ Days on Market: 68
2013 Assessment: $866,000
2011 Assessment: $758,000
Desperation Score: 28.8

Location!!! You cannot find any better than this in West Richmond. Walking distance to the Errington Elementary School, the famous London High School. Over 8,000 square feet huge lot, nested with generous size 5 bedrooms 4 bathrooms, highly appreciated by the feng shui master. 2 bedroom suite generates $1500/month income. Keep it or demolish to build a several millions dollars dream home, it is at your own option. Quick possession is available. All the measurements are approximately, verify is recommended.

“Walking distance to the Errington Elementary School, the famous London High School.” “nested with generous size 5 bedrooms” “highly appreciated by the feng shui master.” “Keep it or demolish to build a several millions dollars dream home, it is at your own option.” “All the measurements are approximately,” “verify is recommended.”…  Morning Yu…  That’s the realtor’s name…  One of the biggest train wreck descriptions ever.  Welcome to first place.

I checked out her website http://www.morningyu.com and her motto is “Wonderful life starts in the Morning”…  can’t make this stuff up

Weekly Drop Suburbs – March 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.

Abbotsford takes up half the list this week


#10 ) Address:# 216 2414 CHURCH ST, Abbotsford West, Abbotsford

May 30, 2007 F2713743 $117,900 $0 0%
June 19, 2007 F2713743 $118,900 $0 0%
August 24, 2007 F2713743 removed after 86 days
September 20, 2007 F2724112 $119,900 $0 0%
December 14, 2007 F2724112 removed after 85 days
September 01, 2012 F1221962 $79,900 $-40,000 -33%
December 01, 2012 F1221962 removed after 91 days
March 02, 2013 F1304757 $83,900 $-36,000 -30%
May 30, 2013 F1304757 removed after 89 days
January 16, 2014 F1400488 $77,900 $-42,000 -35%
March 07, 2014 F1400488 removed after 50 days
March 14, 2014 F1405772 $77,900 $-42,000 -35%

f1405772_1

Current Days on Market: 64 (0.18years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $74,000
Desperation Score: 11.1

AUTUMN TERRACE – Come move here! Large 1 bedroom suite in a solid adult (55+) building. Central location within easy walking distance to shopping, medical services, churches, etc. Amenities in the building include secure underground parking, workshop, storage on the same floor, recreation room and generous visitor parking. Open plan suite, separate laundry/utility room. Quiet well maintained building that is getting new roof in 2014 – all paid for by the seller. No rentals or pets allowed.

In addition to the 2007 listing price (and likely purchase price) being over 50% higher than the current price they also are paying for a new roof that is coming this year


#9 ) Address:14070 110TH AV, Bolivar Heights, North Surrey

October 05, 2007 F2725709 $679,000 $0 0%
October 30, 2007 F2725709 $629,000 $-50,000 -7%
February 04, 2008 F2725709 removed after 122 days
December 19, 2012 F1228829 $449,800 $-229,200 -34%
July 18, 2013 F1228829 $419,000 $-260,000 -38%
December 09, 2013 F1228829 removed after 355 days
February 28, 2014 F1404714 $439,900 $-239,100 -35%
March 13, 2014 F1404714 $429,000 $-250,000 -37%

f1404714_1

Current Days on Market: 457 (1.25years)
Current ‘Official’ Days on Market: 21
2013 Assessment: $639,200
2011 Assessment: $488,200
Desperation Score: 17.5

Rarely available acreage in the middle of the city. Close to Gateway Skytrain Station. Excellent investment, rent and hold. Lots of outbuildings, triple garage. Over 1 acre.

Assessment up 30% and asking price down 37%


#8 ) Address:2194 CLEARBROOK RD, Abbotsford West, Abbotsford

August 16, 2008 F2824340 $487,000 $0 0%
January 02, 2009 F2824340 removed after 139 days
July 23, 2011 F1118717 $399,000 $-88,000 -18%
January 01, 2012 F1118717 removed after 162 days
January 29, 2014 F1402030 $349,900 $-137,100 -28%
February 08, 2014 F1402030 $329,900 $-157,100 -32%
March 13, 2014 F1402030 $299,950 $-187,050 -38%

f1402030_1

Current Days on Market: 51 (0.14years)
Current ‘Official’ Days on Market: 51
2013 Assessment: $297,000
Desperation Score: 19.2

Great holding property on high traffic area of Clearbrook Road. O.C.P. designates as future commercial. Valuable corner holding property close to new freeway interchange. Operate your business from here…home is in good condition, full basement 3 bathrooms 4 bedrooms rented to quality tenants wanting to stay if possible. Call lister for more information.


#7 ) Address:14154 MARINE DR, White Rock, White Rock

November 18, 2006 F2625746 $1,875,000 $0 0%
April 02, 2007 F2625746 removed after 135 days
April 26, 2007 F2709934 $1,799,900 $-75,100 -4%
June 01, 2007 F2709934 $1,699,000 $-176,000 -9%
June 12, 2007 F2709934 removed after 47 days
September 19, 2008 F2827258 $2,880,000 $0 0%
January 02, 2009 F2827258 removed after 105 days
January 21, 2012 F1201789 $8,988,888 $0 0%
June 19, 2012 F1201789 removed after 150 days
July 05, 2012 F1217240 $8,988,888 $0 0%
October 16, 2012 F1217240 $8,488,888 $-500,000 -6%
November 06, 2012 F1217240 removed after 124 days
January 23, 2013 F1301565 $7,488,888 $-1,500,000 -17%
June 13, 2013 F1301565 $6,488,000 $-2,500,888 -28%
November 03, 2013 F1301565 $5,998,000 $-2,990,888 -33%
March 14, 2014 F1301565 $5,500,000 $-3,488,888 -39%

f1301565_1

Current Days on Market: 790 (2.16years)
Current ‘Official’ Days on Market: 422
2013 Assessment: $3,387,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 32.9

Spectacular and Opulent is what describes this Ocean Bluff property located on White Rocks prestigious Marine Drive. Over 6200 sqft of indoor living space with sundrenched PRIVATE decks on three levels. One of a kind, designed by current owner, this home is state of the art with media room, custom furniture built in USA & England, custom light fixtures and chandeliers. Faux finished walls done by Canadian artists, Balsa stone features throughout. Extensive use of stone, tile and marble throughout. Massive kitchen granite slab from Italy. Gaggenau, Grohe taps, Subzero, Miele high end appliances. Creston automated system controls all the features of this home; lighting, fireplaces, heating system and air conditioning. * PREC – Personal Real Estate Corporation

I remember this listing when it first appeared at $9 million and I just laughed.  Down $3.5 million and still not even close with so many nicer water view homes in the area at lower prices


#6 ) Address:# 107 12096 222ND ST, West Central, Maple Ridge

January 22, 2010 V805196 $139,900 $0 0%
September 04, 2010 V805196 $129,900 $-10,000 -7%
March 10, 2011 V805196 removed after 412 days
September 20, 2013 V1027818 $97,500 $-42,400 -30%
October 17, 2013 V1027818 $85,500 $-54,400 -39%
March 17, 2014 V1027818 removed after 178 days
March 19, 2014 V1053031 $85,500 $-54,400 -39%

v1053031_1

Current Days on Market: 182 (0.50years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $82,700
Desperation Score: 13.7

Bright garden level corner unit. Walking distance to West Coast Express, recreation centre, theatre, shopping, restaurant/coffee shops. 1 covered parking, 2 storage lockers, 1 cat allowed. New roof & hot water tank. Strata feed include heat & hot water. One extra window is included in this floor plan. Super quiet 19+ building with its own resident caretaker. Great for 1st time buyers or people who enjoy a quiet community.

“One extra window is included in this floor plan”.  You know you’re scraping the bottom of the comments barrel when you are featuring an extra window


#5 ) Address:# 118 2821 TIMS ST, Abbotsford West, Abbotsford

February 26, 2008 F2804739 $159,900 $0 0%
March 13, 2008 F2804739 removed after 16 days
March 14, 2014 F1405734 $95,900 $-64,000 -40%

f1405734_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $107,300
Desperation Score: 12.3

Rare THREE bedroom under 100K! Approx. 1076 sq. ft. with galley kitchen, full bathroom, spacious living room and 12X7 balcony. Ground floor unit close to elevator and lobby. Parkview Estates is a 19+ building allowing 2 cats (sorry, no dogs). Call, email, or text for further details. * PREC – Personal Real Estate Corporation


#4 ) Address:2182 CLEARBROOK RD, Abbotsford West, Abbotsford

August 16, 2008 F2824343 $553,000 $0 0%
January 02, 2009 F2824343 removed after 139 days
July 23, 2011 F1118715 $429,000 $-124,000 -22%
January 01, 2012 F1118715 removed after 162 days
January 29, 2014 F1402029 $399,900 $-153,100 -28%
February 08, 2014 F1402029 $349,900 $-203,100 -37%
March 13, 2014 F1402029 $299,950 $-253,050 -46%

f1402029_1

Current Days on Market: 51 (0.14years)
Current ‘Official’ Days on Market: 51
2013 Assessment: $331,000
Desperation Score: 23.0

Great holding property on high traffic area of Clearbrook Road. O.C.P. designates as future commercial. Valuable corner holding property close to new freeway interchange. Operate your business from here…home is in good condition, full basement 3 bathroom 4 bedrooms rented to quality tenants wanting to stay if possible. Call lister for more information.


#3 ) Address:5108 CEDARWOOD CT, Sumas Mountain, Abbotsford

August 17, 2011 F1120772 $599,700 $0 0%
September 09, 2011 F1120772 removed after 23 days
September 11, 2011 F1122790 $549,700 $-50,000 -8%
October 19, 2011 F1122790 $499,700 $-100,000 -17%
January 01, 2012 F1122790 removed after 112 days
February 06, 2013 F1302659 $399,700 $-200,000 -33%
February 15, 2013 F1302659 $374,700 $-225,000 -38%
June 09, 2013 F1302659 $349,700 $-250,000 -42%
August 05, 2013 F1302659 removed after 180 days
September 07, 2013 F1320741 $299,700 $-300,000 -50%
February 28, 2014 F1320741 removed after 174 days
March 17, 2014 F1406036 $299,700 $-300,000 -50%

f1406036_1

Current Days on Market: 408 (1.12years)
Current ‘Official’ Days on Market: 4
2013 Assessment: Unknown
Desperation Score: 21.6

View, view, view – ever wanted to see the San Juan Islands? Come check out this view & total peace and quiet. Artisan well is place, ready for your geothermal house plans. Property backs on to forestry and Sumas Regional Park. Call for more detals. * PREC – Personal Real Estate Corporation


#2 ) Address:27062 BAKER RD, Hope Center, Hope and Region

March 09, 2012 H1104856 $189,900 $0 0%
December 09, 2012 H1104856 removed after 275 days
October 09, 2013 H1303897 $119,900 $-70,000 -37%
December 13, 2013 H1303897 $93,000 $-96,900 -51%
March 17, 2014 H1303897 $73,000 $-116,900 -62%

h1303897_1

Current Days on Market: 163 (0.45years)
Current ‘Official’ Days on Market: 163
2013 Assessment: $188,800
Desperation Score: 22.9

Court ordered sale. Home on .45 of an acre & in need of TLC. Home was a previous grow-op and does not have an occupancy permit. * PREC – Personal Real Estate Corporation.

“Court ordered sale. Home on .45 of an acre & in need of TLC. Home was a previous grow-op and does not have an occupancy permit.” – 60% below assessment


#1 ) Address:# 8W 20837 LOUIE CR, Walnut Grove, Langley

June 28, 2012 F1216718 $199,000 $0 0%
August 23, 2012 F1216718 $180,000 $-19,000 -10%
November 19, 2012 F1216718 removed after 144 days
March 14, 2014 F1405848 $49,900 $-149,100 -75%

No Picture

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: Unknown
Desperation Score: 17.5

Opportunity to pick up a fixer upper float home with good bones & provenance. Former home of Angus MacGyver, secret agent, TV series. Property is being sold as is where is. Flotation needs redoing and some interior work. Moorage $825 per month. Perfect opportunity for the handy guy.

Down 75% and even Macgyver can’t make this place into something useful