Vancouver Price Drop

Documenting Vancouver real estate price movements

Weekly Drop Metro Vancouver Attached – March 4, 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:# 1901 838 W HASTINGS ST, Downtown, Vancouver West

July 23, 2011 V901257 $898,000 $0 0%
August 23, 2011 V901257 $868,000 $-30,000 -3%
November 01, 2011 V901257 $848,000 $-50,000 -6%
June 04, 2012 V901257 removed after 317 days
February 27, 2014 V1049246 $729,000 $-169,000 -19%

v1049246_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $678,000
2011 Assessment: $733,000
Desperation Score: 12.7

Luxury at Jameson House! Designed by the world renowned Foster & Partners, Auto-valet parking sytem. Located in the heart of Vancouver business & entertainment district and just steps away from the seawall, shops & restaurants. Expect the finest living: overheight ceilings, in-floor heating & cooling, sleek kitchen by Dada Cucina, Gaggenau & Sub-Zero appliancesCity, Coal Harbour, and mtn views off the NW facing balcony.

#9 and #10 are both seemingly owned by the same “investor”


#9 ) Address:# 1801 838 W HASTINGS ST, Downtown, Vancouver West

July 23, 2011 V901251 $889,000 $0 0%
August 23, 2011 V901251 $858,000 $-31,000 -3%
November 01, 2011 V901251 $838,000 $-51,000 -6%
June 04, 2012 V901251 removed after 317 days
February 27, 2014 V1049267 $719,000 $-170,000 -19%

v1049267_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $673,000
2011 Assessment: $727,000
Desperation Score: 12.7

Luxury at Jameson House! Designed by the world renowned Foster & Partners, Auto-valet parking sytem. Located in the heart of Vancouver business & entertainment district and just steps away from the seawall, shops & restaurants. Expect the finest living: overheight ceilings, in-floor heating & cooling, sleek kitchen by Dada Cucina, Gaggenau & Sub-Zero appliances .City, Coal Harbour, and mtn views off the NW facing balcony

“parking sytem”


#8 ) Address:# 801 188 E ESPLANADE ST, Lower Lonsdale, North Vancouver

April 09, 2008 V699768 $629,000 $0 0%
June 13, 2008 V699768 $568,000 $-61,000 -10%
August 06, 2008 V699768 $538,000 $-91,000 -14%
August 22, 2008 V699768 removed after 135 days
February 13, 2013 V990081 $538,000 $-91,000 -14%
March 13, 2013 V990081 $519,000 $-110,000 -17%
June 04, 2013 V990081 removed after 111 days
February 28, 2014 V1049536 $499,000 $-130,000 -21%

v1049536_1

Current Days on Market: 6 (0.02years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $470,000
Desperation Score: 10.0

POPULAR LOCATION & BUILDING – Beautiful 2 bedroom, 2 bathroom, NE corner unit with some views of Water & City. Kitchen with granite counter tops and S/S appliances, air conditioned , spacious and convenient layout. In the heart of lower Lonsdale, steps to sea bus , transit, Lonsdale Quay Market ,shops and restaurants. A wonderful condo @ a very reasonable price.


#7 ) Address:# 308 8680 FREMLIN ST, Marpole, Vancouver West

January 09, 2008 V682400 $237,900 $0 0%
January 29, 2008 V682400 removed after 20 days
January 13, 2010 V803374 $284,000 $0 0%
February 17, 2010 V803374 removed after 35 days
May 11, 2013 V1006609 $289,000 $0 0%
May 30, 2013 V1006609 $268,800 $-20,200 -7%
September 02, 2013 V1006609 removed after 114 days
January 23, 2014 V1043080 $242,000 $-47,000 -16%
February 26, 2014 V1043080 $229,000 $-60,000 -21%

v1043080_1

Current Days on Market: 299 (0.82years)
Current ‘Official’ Days on Market: 42
2013 Assessment: $244,400
2011 Assessment: $212,500
Desperation Score: 14.4

WEST-END RETRO-STYLE WITH A MARPOLE PRICE! Gorgeous 1 BDR condo, completely renovated in 2009! Downtown finishing with beautiful dark-stained oak hardwood & cool natural slate floors. Kitchen features high-end S/S LG appliances; cabinets with quartz counter tops & subway tiles. Chic bathroom dressed in slate floors and subway tiles, with quartz counter-tops and contemporary cabinets. Plenty of closet space, with a “custome shoe-closet”! Bright home with Sun-Drenched west-facing balcony! Enjoy private swims in the outdoor pool! Located on a charming “tree-lined” street, on huge 200 x 108 ft lot-almost 1/2 the city block! Located in Marpole’s fabulous centrally located neighbourhood. Stroll to the Canada Line and to the “soon to be completed” Marine Gateway Shopping and Enterainment Center! Short 15 min ride downtown! Conveniently located to the Marpole Shopping District! West side living at an affordable price! BEST VALUE IN THE WEST SIDE!

“custome shoe-closet” “Enterainment” – spell check anyone?


#6 ) Address:# 703 123 W 1ST AV, False Creek, Vancouver West

September 18, 2010 V850723 $507,900 $0 0%
November 04, 2010 V850723 removed after 47 days
November 17, 2010 V858497 $469,000 $-38,900 -8%
April 04, 2011 V858497 removed after 138 days
February 27, 2014 V1049344 $399,000 $-108,900 -21%

v1049344_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7

2013 Assessment: $367,000

2012 Assessment: $378,000
2011 Assessment: $369,000
Desperation Score: 9.8

One-Bedroom + Den Milennium Water Apartment in Olympic Village. Open kitchen with Miele stainless steel appliances, hardwood floors, radiant heat & cooling system. Spacious balcony offers beautiful city/mountain view. Enjoy modern & convenient amenities including indoor pool, hot-tub, sauna, yoga studio, fitness room and all the shops and parks for luxury living. Amenities also include meeting room, rooftop garden.


#5 ) Address:# 3203 388 DRAKE ST, Yaletown, Vancouver West

December 02, 2010 V853334 $1,980,000 $0 0%
January 17, 2011 V853334 removed after 46 days
February 11, 2011 V868648 $1,598,000 $-382,000 -19%
March 25, 2011 V868648 removed after 42 days
June 04, 2011 V892287 $1,448,000 $-532,000 -27%
July 12, 2011 V892287 removed after 38 days
September 27, 2012 V973644 $1,568,000 $-412,000 -21%
February 22, 2013 V973644 removed after 148 days
February 24, 2013 V992548 $1,498,000 $-482,000 -24%
March 13, 2013 V992548 removed after 17 days
February 26, 2014 V1048992 $1,499,800 $-480,200 -24%

v1048992_1

Current Days on Market: 8 (0.02years)
Current ‘Official’ Days on Market: 8
2013 Assessment: $1,752,000
2011 Assessment: $1,797,000
Desperation Score: 11.2

Amazing views N,S,E,West, water, mountains, marinas. Penthouse of house like proportions with windows galore! Nobody can build in front of you! Share the penthouse floor with Concord owners! Located in the heart of Yaletown District just steps to some of the finest dining, unique shopping, Urban Fare (grocery store), Roundhouse Community Centre, David Lam’s park, Canada Line, Schools, seawall etc! Walkscore 93-transit score 100! Excellent facilities include indoor pool, exercise room, sauna, loads of visitor parking, 24 hrs concierge & unsurpassed security & privacy with separate elevator for the VIPenthouse’s. Building was fully rainscreened in 2010. Private confidential showings only. More information to follow.


#4 ) Address:# 25A&B 338 TAYLOR WY, Park Royal, West Vancouver

September 23, 2012 V973038 $5,990,000 $0 0%
December 15, 2012 V973038 $5,550,000 $-440,000 -7%
June 04, 2013 V973038 removed after 254 days
March 03, 2014 V1050109 $4,500,000 $-1,490,000 -25%

v1050109_1

Current Days on Market: 3 (0.01years)
Current ‘Official’ Days on Market: 3
2013 Assessment: Unknown
Desperation Score: 22.6

Panoramic 360 degree views of water, Lions Gate Bridge city and mountains are enjoyed from this entire top floor penthouse. This Georgie Award winning building is located in excellent convenient location, walk to Park Royal for shopping, 5 min drive downtown Vancouver, easy access to highway. This 4300+SF sprawling Penthouse w/VaultedCeilings exudes luxury. Majestic finishes throughout compliment lavish entertaining; an enormous custom bar w/wine cellar sets the stage & opens to the Formal Living Room. Custom Italian millwork dining table, chairs, cabinets create an extraordinary canvas to dine overlooking the city lights. WV is a vibrant progressive community –

“WV is a vibrant progressive community -” – for those buyers who have no idea where or what West Vancouver is


#3 ) Address:# 312 4345 GRANGE ST, Central Park, Burnaby

October 03, 2006 V611455 $199,800 $0 0%
October 29, 2006 V611455 $194,800 $-5,000 -3%
January 20, 2007 V611455 $192,800 $-7,000 -4%
March 23, 2007 V611455 removed after 171 days
April 21, 2010 V823468 $239,900 $0 0%
May 12, 2010 V823468 removed after 21 days
December 16, 2011 V922515 $263,900 $0 0%
March 14, 2012 V922515 removed after 89 days
May 05, 2012 V947860 $249,900 $-14,000 -5%
June 26, 2012 V947860 $229,900 $-34,000 -13%
July 30, 2012 V947860 removed after 86 days
November 25, 2012 V981189 $221,500 $-42,400 -16%
January 29, 2013 V981189 $209,500 $-54,400 -21%
March 29, 2013 V981189 $199,800 $-64,100 -24%
April 09, 2013 V981189 removed after 135 days
January 22, 2014 V1042790 $199,888 $-64,012 -24%
March 03, 2014 V1042790 $189,800 $-74,100 -28%

v1042790_1

Current Days on Market: 43 (0.12years)
Current ‘Official’ Days on Market: 43
2013 Assessment: $199,400
Desperation Score: 11.7

Unit can be rented! Top floor! Long list of renos on this top floor oversize 763 SF suite! New sundeck, new exterior/interior painting. Black galaxie granite counters, newer cabinets, new mirror bifolds, new hi-end bathroom, rippled engineer wood plank flooring. Dishwasher/garburator/ceiling fan. Semi-ensuite bathroom, new light fixtures. You won’t be disappointed shows perfect! Block to Metrotown/Kingsway & all amenities.


#2 ) Address:# 510 2321 SCOTIA ST, Mount Pleasant, Vancouver East

March 23, 2007 V636845 $559,900 $0 0%
December 06, 2007 V636845 removed after 258 days
May 20, 2011 V889399 $408,000 $-151,900 -27%
June 09, 2011 V889399 removed after 20 days
May 14, 2012 V950008 $419,000 $-140,900 -25%
November 08, 2012 V950008 removed after 178 days
February 26, 2014 V1049112 $382,800 $-177,100 -32%

v1049112_1

Current Days on Market: 8 (0.02years)
Current ‘Official’ Days on Market: 8
2013 Assessment: $356,000
2011 Assessment: $367,000
Desperation Score: 8.1

Stunning 1 and den at the highly sought afler SOCIAL! Quiet west facing home has an open floor plan and features all that you could wish for: white granite counters, S/S appliances, white subway tiles, dark laminate floors, a west facing balcony, over height ceilings, and in suite laundry. Built by award winning Omni, the Social is one of the finest in the trendy Main/ SOMA district. There is a common roof top patio just down the hall from the suite, a meeting/party room, great gym overlooks the gardens, bike rooms, a large storage locker, 2 guest suites and parking. Pets and rentals welcome. Boutique shops, restaurants, new community centre, downtown. and transit all near. Investors, new home buyers, don’t miss this one!

“sought afler”


#1 ) Address:# 1403 1003 PACIFIC ST, West End, Vancouver West

March 13, 2007 V633751 $879,000 $0 0%
April 19, 2007 V633751 removed after 37 days
September 25, 2008 V735536 $1,090,000 $0 0%
December 03, 2008 V735536 removed after 69 days
December 05, 2008 V745772 $968,000 $-122,000 -11%
March 05, 2009 V745772 removed after 90 days
February 06, 2011 V867819 $880,000 $-210,000 -19%
June 10, 2011 V867819 removed after 124 days
June 15, 2011 V894258 $799,900 $-290,100 -27%
January 01, 2012 V894258 removed after 200 days
September 10, 2012 V970380 $799,900 $-290,100 -27%
April 01, 2013 V970380 removed after 203 days
October 29, 2013 V1033733 $749,900 $-340,100 -31%
December 05, 2013 V1033733 $720,000 $-370,000 -34%
January 23, 2014 V1033733 removed after 86 days
February 04, 2014 V1045246 $652,500 $-437,500 -40%
March 03, 2014 V1045246 $630,000 $-460,000 -42%

v1045246_1

Current Days on Market: 128 (0.35years)
Current ‘Official’ Days on Market: 30
2013 Assessment: $757,000
Desperation Score: 31.4

SEASTAR. Bright 2 bedroom, 2 bathroom unit with solarium (included in square footage). 180 degree view of Granville Island, Burrard Bridge, and English Bay. Living area is quite spacious and has maple floors and a funky fireplace with a steel surround. Kitchen has lots of cupboards, slate floors and granite countertops. Master bedroom has 3 closets, corner window and a 4 piece ensuite. The 2nd bedroom has door to the solarium area. The building has a games room, meeting room, pool table and gym. Rental max is 6 and 2 pets max. Parking stall #68. No locker.

Purchased in June 2007 for $840,000…

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4 responses to “Weekly Drop Metro Vancouver Attached – March 4, 2014

  1. ryan March 5, 2014 at 12:07 pm

    #1..wow..ouch

  2. grrrrr March 5, 2014 at 3:48 pm

    #6 doesn’t look too bad but wondering why maintenance fees are 550 for such a tiny place.

    • Exurban March 5, 2014 at 8:12 pm

      Olympic Village bro. Green nonsense that doesn’t work, lotsa stuff that needs to be fixed. $6,600 a year that might even have to go up.

  3. Ricky March 5, 2014 at 11:19 pm

    Would to so nice to see real estate mayhem in downtown Vancouver . Soon we might see hoarding like ” FREE CONDIS IN OLYMPIC VILLAGE “

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