Vancouver Price Drop

Documenting Vancouver real estate price movements

Weekly Drop Metro Vancouver Attached – April 22, 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:# 102 8680 LANSDOWNE RD, Brighouse, Richmond

March 01, 2008 V691875 $383,000 $0 0%
July 24, 2008 V691875 removed after 145 days
October 08, 2011 V914702 $349,000 $-34,000 -9%
March 31, 2012 V914702 removed after 175 days
March 01, 2013 V993188 $339,000 $-44,000 -11%
April 12, 2013 V993188 $329,000 $-54,000 -14%
August 07, 2013 V993188 removed after 159 days
January 16, 2014 V1040023 $335,000 $-48,000 -13%
February 16, 2014 V1040023 $318,000 $-65,000 -17%
March 31, 2014 V1040023 removed after 74 days
April 16, 2014 V1058455 $316,000 $-67,000 -17%

 

v1058455_1

Current Days on Market: 418 (1.15years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $289,000
2011 Assessment: $301,400
Desperation Score: 18.3

LOCATION LOCATION!! Across from Kwantlen University & Lansdowne Mall. Marquise Estates is now COMPLETELY updated to its Perfect State! Re-piping done in 2009, Roof done in 2010, all Fireplaces are updated in 2012, Building Envelope: NEW WINDOWS, NEW EXTERIOR PAINT, NEW BALCONY RAILINGS & MEMBRACE Dec 2013. Owner paid $42,000 special levy. Absolutely worry-free building! Living in a 1088SF 2 Bdrm, 2bath with bright and spacious layout! LARGE East facing balcony. Immaculate, clean and move in condition! Walk to skytrain, Target, and the future coming Walmart! Super Central Location! Call for a private showing!


#9 ) Address:# 203 5388 GRIMMER ST, Metrotown, Burnaby

February 12, 2012 V931093 $418,000 $0 0%
March 14, 2012 V931093 $407,000 $-11,000 -3%
June 01, 2012 V931093 removed after 110 days
April 21, 2014 V1059100 $343,800 $-74,200 -18%

 

v1059100_1

Current Days on Market: 2 (0.01years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $335,000
Desperation Score: 13.3

Central location. Close to Metrotown Centre. South facing with lots of upgrades. Spacious open floor plan with gourmet kitchen featuring stone countertop, laminate floors and many more. Priced to sell.


#8 ) Address:# 1010 1268 W BROADWAY, Fairview, Vancouver West

June 06, 2013 V1010951 $729,000 $0 0%
July 06, 2013 V1010951 $689,000 $-40,000 -5%
October 06, 2013 V1010951 $655,000 $-74,000 -10%
January 29, 2014 V1010951 removed after 237 days
March 10, 2014 V1051071 $638,000 $-91,000 -12%
April 09, 2014 V1051071 removed after 30 days
April 16, 2014 V1058230 $599,000 $-130,000 -18%

 

v1058230_1

Current Days on Market: 321 (0.88years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $615,000
2011 Assessment: $627,000
2011 Last Sale: $640,000 on 05/Apr/2011
Total Loss IF sold for list price: 38,172 transaction costs and 41,000 loss on sale = LOSS of 79,172
Desperation Score: 25.1

Unbeatable Price, Unobstructed View, Desirable Location… This functional layout, spacious 3 bedroom sub penthouse centrally located, with 180 degree magnificent view to the city, north shore and False Creek. Floor to ceiling windows allowing lots of natural light. Huge master bedroom with large walk-in closet. 2 side by side parking stalls and 1 storage locker. Bring your decorated ideas and this unit can shine like a gem. Call today for your private showing.


#7 ) Address:# 201 8500 LANSDOWNE RD, Brighouse, Richmond

June 13, 2008 V715767 $179,000 $0 0%
October 02, 2008 V715767 removed after 111 days
November 09, 2011 V919028 $215,000 $0 0%
April 28, 2012 V919028 $198,000 $-17,000 -8%
June 11, 2012 V919028 removed after 215 days
June 13, 2012 V956118 $198,000 $-17,000 -8%
August 03, 2012 V956118 removed after 51 days
April 16, 2014 V1058313 $174,800 $-40,200 -19%

 

v1058313_1

Current Days on Market: 7 (0.02years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $170,100
2011 Assessment: $188,800
Desperation Score: 11.8

Do you want the best central Richmond location? Do you want the best price? Here it is! Across street to Kwantlen Univ., Lansdowne Shopping, and Canada Line train to airport and Vancouver. This large 1 bedroom is super clean, has new flooring and spotless appliances. Loads of room for family and friends to enjoy a visit. Lovely treed outlook from balcony with space for BBQ and al fresco dining. Huge in-suite storage, hot water and heat included in monthly fee. 1 secured parking and visitor parking. Affordable, well-run building – great for first time buyer, or investor. No rental restrictions. No work to do here, just move in!


#6 ) Address:# 102 4438 ALBERT ST, Vancouver Heights, Burnaby

July 15, 2012 V962184 $556,000 $0 0%
October 26, 2012 V962184 $529,000 $-27,000 -5%
January 01, 2013 V962184 removed after 170 days
January 18, 2013 V985769 $529,000 $-27,000 -5%
April 24, 2013 V985769 removed after 96 days
April 27, 2013 V1003615 $498,000 $-58,000 -10%
September 30, 2013 V1003615 removed after 156 days
February 13, 2014 V1046790 $469,900 $-86,100 -15%
April 16, 2014 V1046790 $449,900 $-106,100 -19%

 

v1046790_1

Current Days on Market: 647 (1.77years)
Current ‘Official’ Days on Market: 69
2013 Assessment: $435,000
2011 Assessment: $475,000
Desperation Score: 20.4

LARGE ONE LEVEL TOWNHOUSE at Monticello in Vancouver Heights! North facing towards mountains, ground level with your own front door and patio for summer relaxation. Original owner upgraded unit with Engineered flooring throughout and converted 4 pc en suite bath tub to double shower for easy access. This home offers granite counters, rich mocha cabinetry, S/S appliances, extra large living area and bedrooms. Only 1 block to full shopping facilities, transportation, Confederation Park, and Eileen Daly Recreation Centre. Includes 1 secure underground parking and storage locker.


#5 ) Address:# 307 5885 IRMIN ST, Metrotown, Burnaby

May 21, 2010 V831758 $438,888 $0 0%
July 20, 2010 V831758 $415,000 $-23,888 -5%
December 31, 2010 V831758 removed after 224 days
May 05, 2011 V886318 $475,000 $0 0%
May 18, 2011 V886318 $455,000 $-20,000 -4%
June 01, 2011 V886318 $435,000 $-40,000 -8%
June 08, 2011 V886318 $415,000 $-60,000 -13%
August 09, 2011 V886318 $398,888 $-76,112 -16%
September 07, 2011 V886318 $388,000 $-87,000 -18%
September 22, 2011 V886318 $378,000 $-97,000 -20%
November 03, 2011 V886318 $375,000 $-100,000 -21%
December 13, 2011 V886318 removed after 222 days
December 15, 2011 V922367 $379,000 $-96,000 -20%
January 19, 2012 V922367 $359,000 $-116,000 -24%
March 08, 2012 V922367 removed after 84 days
October 21, 2013 V1032537 $384,000 $-91,000 -19%
December 09, 2013 V1032537 removed after 49 days
January 04, 2014 V1039766 $385,000 $-90,000 -19%
February 05, 2014 V1039766 $379,900 $-95,100 -20%
April 01, 2014 V1039766 removed after 87 days
April 21, 2014 V1059261 $379,000 $-96,000 -20%

 

v1059261_1

Current Days on Market: 184 (0.50years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $348,000
Desperation Score: 13.5

Affordable and well kept newer 2 bedroom unit on MacPherson Walk. High 9 foot ceiling, Granite countertops, Stainless Steel appliances with gas stove range. Laminated wood floor, and much more. Central location – walking distance to skytrain station. Close to elementary and high schools. Balance of 2-5-10 new home warranty program. Call for an easy showing. All measures approximate and should be verified if deemed important.


#4 ) Address:# 103 750 E 7TH AV, Mount Pleasant, Vancouver East

May 17, 2008 V709523 $339,000 $0 0%
July 03, 2008 V709523 removed after 47 days
February 10, 2014 V1046271 $274,900 $-64,100 -19%
March 12, 2014 V1046271 $269,000 $-70,000 -21%
April 14, 2014 V1046271 removed after 63 days
April 16, 2014 V1058317 $269,000 $-70,000 -21%

 

v1058317_1

Current Days on Market: 72 (0.20years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $255,800
2011 Assessment: $272,600
Desperation Score: 20.0

CLEAN & VERY BRIGHT EXTRA LARGE ONE BEDROOM UNIT FACING SOUTH. FEATURES, A VERY SPACIOUS LIVING ROOM, LARGE BEDROOM, WALK-TROUGH KITCHEN, SEPARATE DINING ROOM, NOOK FOR COMPUTER DESK, INSUITE STORAGE + STORAGE LOCKER DOWNSTAIRS, ALL LAMINATED AND TILE FLOORS AND QUIET & PRIVATE PATIO, HEAT & HOT WATER INCLUDED IN THE MAINTENANCE. WELL LOOKED AFTER BUILDING WITH NEW BOILERS IN 2010, PARTIAL NEW PLUMBING IN 2012, NEW COMMON AREAS IN 2013 & NEXT TO THE BEAUTIFUL SOHALI PARK, SHORT WALK TO THE TRENDY MAIN ST. AREA, RESTAURANTS, SHOPS, SCHOOL, TRANSPORTATION, VCC SKYTRAIN AND ONLY MINUTES TO DOWNTOWN.


#3 ) Address:# 2204 565 SMITHE ST, Downtown, Vancouver West

November 06, 2009 V796364 $838,000 $0 0%
March 01, 2010 V796364 removed after 115 days
November 17, 2010 V858573 $788,800 $-49,200 -6%
January 05, 2011 V858573 $719,000 $-119,000 -14%
February 22, 2011 V858573 $699,900 $-138,100 -16%
March 28, 2011 V858573 removed after 131 days
April 02, 2011 V879458 $698,800 $-139,200 -17%
April 19, 2011 V879458 removed after 17 days
March 29, 2012 V939866 $748,800 $-89,200 -11%
April 19, 2012 V939866 $728,800 $-109,200 -13%
April 24, 2012 V939866 removed after 26 days
April 26, 2012 V945823 $698,800 $-139,200 -17%
May 18, 2012 V945823 $678,800 $-159,200 -19%
July 09, 2012 V945823 removed after 74 days
January 23, 2014 V1043065 $668,800 $-169,200 -20%
March 19, 2014 V1043065 $658,800 $-179,200 -21%
April 08, 2014 V1043065 removed after 75 days
April 17, 2014 V1058559 $658,800 $-179,200 -21%

 

v1058559_1

Current Days on Market: 90 (0.25years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $661,000
2011 Assessment: $635,000
2011 Last Sale: $656,000 on 15/Apr/2011
Total Loss IF sold for list price: 40,166 transaction costs and 2,800 profit on sale = LOSS of 37,366
Desperation Score: 12.0

Private collection at the Vita by Solterra! Located steps away from Robson Street, Granville Street, Orpheum Theatre, shopping mall, restaurants, library, skytrain and more. Bright NW exposure. 2 bedrooms, 2 bathrooms and den features highend finishing with European appliances and fixtures. Hardwood floor finish. 8’6 floor to ceiling windows. Amenities include gym, kids play area, hot tub, lounging area and rooftop terraces. Make an appointment today and experience it yourself.

 


#2 ) Address:# 204 14300 RIVERPORT WY, East Richmond, Richmond

November 10, 2006 V620206 $669,900 $0 0%
March 30, 2007 V620206 removed after 140 days
March 24, 2014 V1053760 $525,000 $-144,900 -22%
April 14, 2014 V1053760 removed after 21 days
April 16, 2014 V1058401 $499,900 $-170,000 -25%

 

v1058401_1

Current Days on Market: 30 (0.08years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $494,000
2011 Assessment: $546,000
Desperation Score: 23.5

This TOP FLOOR, CORNER UNIT, has the BEST UNOBSTRUCTED VIEWS (180 degree) OF THE WATER & MTNS and by far is one of the BEST FLOORPLANS in Waterstone Pier. Completed in 2007, this quality development was built with an emphasis on sustainable building practices and the highest attention to detail with no expense spared. Features of this 2 bdrm + den home include geothermal heating & cooling, laminate flooring, higher end stainless steel appliances, Groehe plumbing fixtures, double edged granite countertops, a gas stove and floor to ceiling windows which capture views of the working Fraser River. Just minutes from Silver City Entertainment Complex with theatres, restaurants and Watermania pool and fitness centre.


#1 ) 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%
April 08, 2014 V1040331 removed after 82 days
April 21, 2014 V1059058 $988,000 $-411,900 -29%

 

v1059058_1

Current Days on Market: 314 (0.86years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $1,038,500
Desperation Score: 39.5

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 kinds of amenities. Don’t miss the chance, priced to sell! Call today for showing and more details.

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2 responses to “Weekly Drop Metro Vancouver Attached – April 22, 2014

  1. RFM April 23, 2014 at 5:33 pm

    With many sellers now starting to chase the market to the bottom, those older complexes are going to have an especially hard time successfully competing on features and amenities. So, they will really need to start dumping prices if they want to sell. Hold on, the ride is getting bumpy!

  2. Real Estate Tsunami April 23, 2014 at 6:00 pm

    #4
    gotta love the checker board kitchen table.
    Calling all chess grand masters.

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