Vancouver Price Drop

Documenting Vancouver real estate price movements

Weekly Desperation Score Suburbs – April 9, 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

North Surrey leads with 3 listings


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

March 18, 2008 F2807078 $379,000 $0 0%
April 01, 2008 F2807078 $359,000 $-20,000 -5%
April 30, 2008 F2807078 $329,000 $-50,000 -13%
September 05, 2008 F2807078 removed after 171 days
January 16, 2014 F1327408 $229,000 $-150,000 -40%
January 29, 2014 F1327408 $219,000 $-160,000 -42%
March 07, 2014 F1327408 $209,000 $-170,000 -45%
March 28, 2014 F1327408 removed after 71 days
April 07, 2014 F1407888 $202,000 $-177,000 -47%

 

f1407888_1

Current Days on Market: 84 (0.23years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $229,000
2011 Assessment: $226,000
Desperation Score: 32.2

EXCELLENT INVESTMENT OPPORTUNITY! GREAT LOCATION! EVEN BETTER PRICE! This Suite at the Infinity Towers has unobstructed and unmatched views of the Mountains and Downtown Surrey Central. This concrete high rise is the best value in the Lower Mainland by far. Located beside the King George Skytrain station, destinations throughout Vancouver area are an easy commute. Whether its for work or play the Skytrain makes for car free living. An urban village with shops, services and cafes will be at your doorstep to provide you with daily conveniences. Nearby major developments happening such as Surrey Memorial Hospital expansion, RCMP Headquarters and the new Surrey City Hall, etc.

“EXCELLENT INVESTMENT OPPORTUNITY!”  Original listing price in 2008 : $379,000  Current listing price: $202,000


#9 ) Address:# 110 27358 32ND AV, Aldergrove, Langley

November 19, 2011 F1128075 $219,900 $0 0%
January 24, 2012 F1128075 $214,900 $-5,000 -2%
February 25, 2012 F1128075 $209,900 $-10,000 -5%
March 16, 2012 F1128075 removed after 118 days
March 22, 2012 F1207153 $197,900 $-22,000 -10%
June 04, 2012 F1207153 removed after 74 days
June 13, 2012 F1215367 $188,800 $-31,100 -14%
September 29, 2012 F1215367 $184,800 $-35,100 -16%
December 14, 2012 F1215367 $172,800 $-47,100 -21%
December 27, 2012 F1215367 removed after 197 days
October 17, 2013 F1323737 $159,900 $-60,000 -27%
December 05, 2013 F1323737 $152,900 $-67,000 -30%
December 19, 2013 F1323737 $146,900 $-73,000 -33%
December 28, 2013 F1323737 removed after 72 days
January 17, 2014 F1401056 $143,900 $-76,000 -35%
February 10, 2014 F1401056 $139,900 $-80,000 -36%
February 28, 2014 F1401056 removed after 42 days
April 07, 2014 F1407891 $175,000 $-44,900 -20%

 

f1407891_1

Current Days on Market: 175 (0.48years)
Current ‘Official’ Days on Market: 3
2013 Assessment: $166,900
Desperation Score: 32.2

Move right into this newly updated 3 bedroom, 2 bath end unit condo. Kitchen completely redone with Gianni Counter tops, new stainless steel appliances (incl. Bosch dishwasher) and eating bar open to dining area. Enjoy your high efficiency gas fireplace in living room and glass sliders to one of 2 covered private patios to view lush gardens, green space and natural stream. Master has 3 piece ensuite, double closets and glass sliders to the 2nd patio for your relaxation. Professional crown mouldings, baseboards, modern paint, tile, laminate, Shaw carpet with state of the art stain and pet protection and many new lighting/fixtures complete this affordable, pet friendly, family home. Check and compare: secure parking and sprinkler and close walking proximity to amenities. View at your convenience, quick possession available.

Dropped their price by $80K over about 3 years before doing an update to the place.  Increased the asking price by $35K and we’ll see what happens.  Some may say that this is throwing good money after bad


#8 ) Address:33214 GEORGE FERGUSON WY, Central Abbotsford, Abbotsford

January 16, 2008 F2801102 $419,000 $0 0%
February 05, 2008 F2801102 removed after 20 days
November 27, 2013 F1326159 $328,000 $-91,000 -22%
December 19, 2013 F1326159 $312,500 $-106,500 -25%
January 19, 2014 F1326159 $300,000 $-119,000 -28%
February 20, 2014 F1326159 removed after 85 days
March 12, 2014 F1405637 $289,990 $-129,010 -31%
April 07, 2014 F1405637 $281,000 $-138,000 -33%

 

f1405637_1

Current Days on Market: 134 (0.37years)
Current ‘Official’ Days on Market: 29
2013 Assessment: $303,700
Desperation Score: 32.9

3100 sqft for under $300,000!! Don’t miss this opportunity! Rancher with basement on a 5600 sf lot in Central Abbotsford. Close to shopping, Restaurants, and all amenities. 2 Bedroom upstairs, with an additional bedroom downstairs. Separate entrance to the basement as well. Home is in clean condition and shows well. Call today.


#7 ) Address:180 WOLLNY CT, Anmore, Port Moody

August 22, 2010 V846965 $3,300,000 $0 0%
December 31, 2010 V846965 removed after 131 days
September 27, 2012 V973675 $2,800,000 $-500,000 -15%
April 16, 2013 V973675 removed after 201 days
April 25, 2013 V1003232 $2,300,000 $-1,000,000 -30%
June 13, 2013 V1003232 $2,100,000 $-1,200,000 -36%
July 12, 2013 V1003232 $2,025,000 $-1,275,000 -39%
July 27, 2013 V1003232 $1,999,000 $-1,301,000 -39%
October 04, 2013 V1003232 removed after 162 days
November 11, 2013 V1035435 $1,988,888 $-1,311,112 -40%
December 13, 2013 V1035435 $1,968,000 $-1,332,000 -40%
January 16, 2014 V1035435 $1,953,000 $-1,347,000 -41%
February 05, 2014 V1035435 $1,933,000 $-1,367,000 -41%
April 07, 2014 V1035435 $1,913,000 $-1,387,000 -42%

 

v1035435_1

Current Days on Market: 560 (1.53years)
Current ‘Official’ Days on Market: 150
2013 Assessment: $2,241,000
Desperation Score: 33.1

Cul-de-sac Location for this Majestic luxury home sitting on the hill with 1.48 acres in Anmore. Backs onto greenbelt for ultimate privacy in the back yard. Super views of the mountains as well. Grand central Walnut staircase, hemlock wood casing windows, marble floor entry, hardwood flooring, coffered ceilings. Gourmet kitchen with stone countertops and island and wok kitchen. Master bedroom on the main with full 5 ensuite and a His & Hers Closet. Basement has a large 1 bedroom suite complete with 2 bathrooms and a separate entry. Huge rec room down for those to love to entertain or need a place to hide the kids. Extensive decks, covered patio and a forest outlook. Too many other quality features to mention. A MUST SEE ……….

I know that this one is a foreclosure sale.  If you like Anmore, have a big budget and don’t mind being 10 minutes away from any sort of convenience / grocery store then you can find some incredible homes there at very good prices.  This isn’t one of them though – too many much nicer homes in the are in roughly the same price range


#6 ) Address:# 302 10743 139TH ST, Whalley, North Surrey

July 18, 2013 F1316657 $199,900 $0 0%
October 21, 2013 F1316657 $189,900 $-10,000 -5%
October 29, 2013 F1316657 $179,900 $-20,000 -10%
November 23, 2013 F1316657 $169,800 $-30,100 -15%
December 19, 2013 F1316657 removed after 154 days
February 10, 2014 F1403046 $229,900 $0 0%
February 21, 2014 F1403046 $224,500 $-5,400 -2%
March 19, 2014 F1403046 $219,900 $-10,000 -4%
April 01, 2014 F1403046 removed after 50 days
April 03, 2014 F1407671 $219,900 $-10,000 -4%

 

f1407671_1

Current Days on Market: 266 (0.73years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $206,600
2011 Assessment: $218,900
Desperation Score: 33.5

VISTA RIDGE! YOUR SEARCH IS OVER! Completely RENOVATED! 1100 sq ft. TOP FLOOR CORNER UNIT overlooking QUIET location. One of the LARGEST units in complex. BRIGHT 2bdrm ,2bath and shows like NEW! Updates include New PAINT throughout,WALNUT Engineered Floors,New lighting & dcor,Refinished Kitchen cabinets, New COUNTERTOPS, sink, faucets, Newer appliances, GLASS tile backsplash, hood range & bar area for stools. All new 2″ blinds. New DOORS & hardware, New BASEBOARDS & casings. Washrooms have new cabinets, sinks, faucets, countertops, fixtures & flooring. Private master bdrm has walk in closet & new CARPETS. Well maintained complex. Maint fee includes gas. Across street from Elementary School! Walking distance to SKYTRAIN. A 10!

Another renovation special that isn’t going to work out


#5 ) Address:# 107 99 BEGIN ST, Maillardville, Coquitlam

February 21, 2013 V991877 $234,900 $0 0%
April 03, 2013 V991877 removed after 41 days
April 29, 2013 V1003830 $225,000 $-9,900 -4%
June 28, 2013 V1003830 $195,000 $-39,900 -17%
December 28, 2013 V1003830 removed after 243 days
January 16, 2014 V1041351 $188,900 $-46,000 -20%
February 19, 2014 V1041351 $178,900 $-56,000 -24%
March 20, 2014 V1041351 $172,900 $-62,000 -26%
April 08, 2014 V1041351 $167,900 $-67,000 -29%

 

v1041351_1

Current Days on Market: 413 (1.13years)
Current ‘Official’ Days on Market: 84
2013 Assessment: $174,000
Desperation Score: 33.5

Coquitlam 2 bedroom/2 Bathroom for under $200k?!? This garden suite is located MINUTES FROM: Braid Skytrain station, commuter routes, shopping, Silver City, Superstore & more! Open living/dining area w/pass through to spacious kitchen & access to large covered patio. Master bedroom is great size & has walk in closet & 4pc ensuite w/cheater door to main 2 piece bathroom. BONUS: Secured parking. In-suite laundry, pet friendly (with restrictions). Easy to see, call for an appointment!


#4 ) Address:# 54 3800 GOLF COURSE DR, Abbotsford East, Abbotsford

October 06, 2006 F2620967 $599,900 $0 0%
March 15, 2007 F2620967 $579,900 $-20,000 -3%
July 01, 2007 F2620967 removed after 268 days
August 10, 2012 F1220232 $637,000 $0 0%
August 13, 2012 F1220232 removed after 3 days
October 04, 2012 F1224520 $637,000 $0 0%
November 23, 2012 F1224520 removed after 50 days
August 05, 2013 F1318531 $499,500 $-137,500 -22%
August 24, 2013 F1318531 $469,500 $-167,500 -26%
October 04, 2013 F1318531 $456,900 $-180,100 -28%
October 22, 2013 F1318531 removed after 78 days
January 19, 2014 F1401266 $669,900 $0 0%
February 12, 2014 F1401266 $649,000 $-20,900 -3%
March 13, 2014 F1401266 $629,900 $-40,000 -6%
April 03, 2014 F1401266 $619,900 $-50,000 -7%

 

f1401266_1

Current Days on Market: 248 (0.68years)
Current ‘Official’ Days on Market: 81
2013 Assessment: $476,000
Desperation Score: 34.8

Pack the golf clubs and get ready to tee-off to better living! Executive Rancher which is virtually brand new. The “News” include, carpets, paint, professionally landscaped, and even the garage floor! Fully finished basement which walks out onto private backyard patios and greenbelt. Still under warranty, gated community, with literally seconds to the first tee. Master on main, gourmet kitchen, the list goes on and on. Easy to show and extremely proud to do it! Call today!

Purchased October 2013 for $454,900.  They then did a renovation “carpets, paint, professionally landscaped, and even the garage floor!”.  So that explains maybe a $10K price increase but they decided to increase the price just a couple of months later by over $200K!!!!!!  Sorry but I’d be surprised if you sold it for $454,900.  Too much HGTV and not enough common sense.


#3 ) Address:7920 OSPREY ST, Mission BC, Mission

May 21, 2013 F1311203 $369,000 $0 0%
June 06, 2013 F1311203 $364,900 $-4,100 -1%
July 06, 2013 F1311203 $359,900 $-9,100 -2%
July 18, 2013 F1311203 $354,900 $-14,100 -4%
August 13, 2013 F1311203 $349,900 $-19,100 -5%
October 02, 2013 F1311203 $344,900 $-24,100 -7%
October 22, 2013 F1311203 $339,900 $-29,100 -8%
November 15, 2013 F1311203 $334,800 $-34,200 -9%
December 05, 2013 F1311203 $328,900 $-40,100 -11%
January 04, 2014 F1311203 $327,788 $-41,212 -11%
January 27, 2014 F1311203 $324,800 $-44,200 -12%
March 03, 2014 F1311203 $323,800 $-45,200 -12%
March 30, 2014 F1311203 $319,800 $-49,200 -13%
April 01, 2014 F1311203 removed after 315 days
April 04, 2014 F1407855 $319,800 $-49,200 -13%

 

f1407855_1

Current Days on Market: 324 (0.89years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $313,000
Desperation Score: 35.7

Just move in – Home has had numerous renovations. New flooring, newly painted up & down, new baseboards, new light fixtures and 5 ft. jetted tub, one bedroom suite down plus den. Large patio at back looking onto a very private backyard. Double garage plus room to park another 6 cars. Just minutes to schools, hospital, recreation, West Coast Express and college/university.

A very, very, very, very slow drop in prices over the last year


#2 ) Address:# 212 14993 101A AV, Guildford, North Surrey

August 30, 2007 F2722428 $231,898 $0 0%
September 04, 2007 F2722428 removed after 5 days
December 06, 2012 F1228372 $239,900 $0 0%
February 08, 2013 F1228372 removed after 64 days
May 30, 2013 F1312755 $239,900 $0 0%
August 13, 2013 F1312755 $232,900 $-7,000 -3%
October 30, 2013 F1312755 removed after 153 days
November 03, 2013 F1324963 $217,499 $-22,401 -9%
December 28, 2013 F1324963 removed after 55 days
January 19, 2014 F1401197 $226,000 $-13,900 -6%
February 03, 2014 F1401197 $224,600 $-15,300 -6%
February 16, 2014 F1401197 $219,000 $-20,900 -9%
February 27, 2014 F1401197 removed after 39 days
March 03, 2014 F1404876 $199,000 $-40,900 -17%
April 03, 2014 F1404876 $189,000 $-50,900 -21%

 

f1404876_1

Current Days on Market: 490 (1.34years)
Current ‘Official’ Days on Market: 38
2013 Assessment: $217,000
2011 Assessment: $229,000
Desperation Score: 40.0

Optimally located 2 bed, 2 bath condo across from the revitalized Guildford Town Center. This very well maintained and bright east facing home provides a very large and open floor plan with large bedrooms and plenty of natural light. Excellent walking access to all major amenities with transit right outside the door. Fantastic value here with gas fireplace and hot water included in the maintenance fee. Court ordered sale. Sold as is. Subject to Court approval.

“Court ordered sale. Sold as is. Subject to Court approval.”


#1 ) Address:# 105 3176 PLATEAU BV, Westwood Plateau, Coquitlam

November 01, 2006 V619288 $314,900 $0 0%
December 22, 2006 V619288 removed after 51 days
March 13, 2007 V633921 $304,900 $-10,000 -3%
May 25, 2007 V633921 removed after 73 days
January 27, 2013 V987455 $224,900 $-90,000 -29%
March 08, 2013 V987455 removed after 40 days
September 12, 2013 V1026323 $302,900 $-12,000 -4%
September 20, 2013 V1026323 $284,900 $-30,000 -10%
October 06, 2013 V1026323 $274,900 $-40,000 -13%
December 05, 2013 V1026323 $259,900 $-55,000 -17%
March 13, 2014 V1026323 $239,900 $-75,000 -24%
March 25, 2014 V1026323 removed after 194 days
March 27, 2014 V1054480 $239,900 $-75,000 -24%
April 08, 2014 V1054480 $229,900 $-85,000 -27%

 

v1054480_1

Current Days on Market: 210 (0.58years)
Current ‘Official’ Days on Market: 14
2013 Assessment: $232,000
Desperation Score: 41.8

Two bedroom, Two bathroom, corner unit situated near Westwood Plateau Golf &Country club. Huge wrap around deck from kitchen to master bedroom, kitchen with granite counters, large living area with plenty of windows and gas fireplace. Rentals Allowed!

Purchased for $245,000 in March 2013 – yes over $20K ABOVE asking!!!  Then tried to flip it 6 months later for about $60K more than they paid for it.  Even at asking they are now looking at a $30K+ loss

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3 responses to “Weekly Desperation Score Suburbs – April 9, 2014

  1. RFM April 9, 2014 at 1:33 pm

    # 10 – Congratulations Ryan Dhaliwal! You have broken every rule of effective photography of your listing! It is a real treat to look at your photos and see how little you care. Seriously, you couldn’t even close the toilet seat? Bad ‘realtor.’ There will be a pop quiz later, so now you should study the Photo Primer for Realtors at http://vancouverpeak.com/showthread.php?tid=5252

    All the other entries: wow, the cracks are really beginning to show in the outlying marketplace. All it will take is a few more desperate sellers and we’ll really get rolling.

  2. grrrrr April 10, 2014 at 9:30 am

    collapsing from the outside burbs in…. lookout false creek!

  3. Ricky April 13, 2014 at 5:55 pm

    This too is getting boring

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