Vancouver Price Drop

Documenting Vancouver real estate price movements

Weekly Desperation Score Suburbs – April 30, 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

Surrey leads the way with 3 listings in the top 10 plus one additional one for North Surrey


#10 ) Address:# 41 9386 122ND ST, Queen Mary Park Surrey, Surrey

January 12, 2007 F2700525 $229,900 $0 0%
February 02, 2007 F2700525 $219,900 $-10,000 -4%
February 22, 2007 F2700525 removed after 41 days
March 13, 2007 F2705445 $217,500 $-12,400 -5%
March 26, 2007 F2705445 removed after 13 days
October 11, 2013 F1323309 $225,000 $-4,900 -2%
November 11, 2013 F1323309 removed after 31 days
November 15, 2013 F1325554 $219,900 $-10,000 -4%
November 19, 2013 F1325554 removed after 4 days
January 29, 2014 F1401950 $199,900 $-30,000 -13%
March 07, 2014 F1401950 $189,900 $-40,000 -17%
April 02, 2014 F1401950 $179,900 $-50,000 -22%
April 29, 2014 F1401950 $174,000 $-55,900 -24%

f1401950_1 Current Days on Market: 202 (0.55years) Current ‘Official’ Days on Market: 92 2013 Assessment: $197,100 Desperation Score: 33.0 Bonnydoon Village – Quiet location for this 2 bedroom 1.5 bathroom unit ready for immediate occupancy. High school and Elementary School nearby. Close to school and transit. Complex has outdoor pool and playground. Needs new flooring throughout. Pet and rentals allowed with restrictions. Easy to view….


#9 ) Address:9998 117 ST, Royal Heights, North Surrey

June 02, 2013 F1312929 $579,900 $0 0%
June 25, 2013 F1312929 $549,800 $-30,100 -5%
July 12, 2013 F1312929 $539,000 $-40,900 -7%
August 14, 2013 F1312929 $529,888 $-50,012 -9%
August 30, 2013 F1312929 removed after 89 days
September 10, 2013 F1320901 $509,800 $-70,100 -12%
October 02, 2013 F1320901 $479,000 $-100,900 -17%
October 30, 2013 F1320901 removed after 50 days
April 14, 2014 F1408498 $569,000 $-10,900 -2%
April 17, 2014 F1408498 $548,000 $-31,900 -6%
April 30, 2014 F1408498 $539,800 $-40,100 -7%

f1408498_1 Current Days on Market: 333 (0.91years) Current ‘Official’ Days on Market: 17 2013 Assessment: $508,900 2011 Assessment: $508,000 Desperation Score: 33.4 COMPLETELY RENOVATED with QUALITY and STYLE. Features: OPEN PLAN, 5 bedrooms, 3 full baths (2 with skylights), large 8382 SF lot with an awesome VIEW of North Shore Mountains, GOURMET ISLAND KITCHEN with NEW top of the line SOFT CLOSE CABINETS, GRANITE COUNTERTOPS with double SS undermount sink (no rim) , SS appliances, Top-of-the-line American Standard Faucet, NEW BATHROOMS with KHOLER fixtures and GRANITE VANITY TOPS, 12mm LAMINATE FLOORS, CLOSET ORGANIZER, wide screen FRIDGIDAIRE Electric FP, FRONT LOADING WASHER/DRYER, FRESH PAINT, Wood Blinds, LED Lights, HUGE (18’x17′) SUNDECK and MUCH MORE. Great PRIVATE location with easy access to New West, Perimeter Rd, Alex Fraser, and 5 minutes to Scott Road Skytrain station. Sold for $450,500 in October 2013 before the renovation


#8 ) Address:# 106 33030 GEORGE FERGUSON WY, Central Abbotsford, Abbotsford

June 07, 2007 F2714655 $237,000 $0 0%
August 03, 2007 F2714655 removed after 57 days
February 26, 2014 F1404481 $101,900 $-135,100 -57%
April 24, 2014 F1404481 $95,900 $-141,100 -60%
April 29, 2014 F1404481 $89,900 $-147,100 -62%

f1404481_1 Current Days on Market: 64 (0.18years) Current ‘Official’ Days on Market: 64 2013 Assessment: $128,500 Desperation Score: 34.0 Court ordered sale 55+ complex located in Central Abbotsford. This 2 bedroom home is very central to shopping, Mill Lake, Horn Creek Park & Seven Oaks Mall. * PREC – Personal Real Estate Corporation


#7 ) Address:14280 67TH AV, East Newton, Surrey

March 29, 2013 F1307114 $529,900 $0 0%
July 18, 2013 F1307114 $510,000 $-19,900 -4%
July 27, 2013 F1307114 $499,000 $-30,900 -6%
August 22, 2013 F1307114 removed after 146 days
August 27, 2013 F1319951 $500,000 $-29,900 -6%
September 17, 2013 F1319951 $489,000 $-40,900 -8%
October 14, 2013 F1319951 removed after 48 days
October 17, 2013 F1323771 $529,000 $-900 0%
October 25, 2013 F1323771 $499,000 $-30,900 -6%
November 15, 2013 F1323771 $469,000 $-60,900 -11%
December 13, 2013 F1323771 $439,000 $-90,900 -17%
December 28, 2013 F1323771 removed after 72 days
April 29, 2014 F1410034 $549,000 $0 0%

f1410034_1 Current Days on Market: 398 (1.09years) Current ‘Official’ Days on Market: 2 2013 Assessment: $492,700 2011 Assessment: $469,000 Desperation Score: 35.5 This two storey home in a quiet cul de sac in desirable neighbhourhood. Very convenient location, easy access to major transportation routes, local shopping, and schools. Three bedrooms upstairs and a games room or potential 4th bedroom and 3 baths. Lots of layered crown moulding in the living and dining room, updated kitchen cabinets with center island and granite counter tops hardwood floors in the main area and tile in the kitchen with gas fireplace in the living room. Fantastic family home with a large private fully fenced yard great for the kids and entertaining.


#6 ) Address:515 QUEEN ST, Hope Center, Hope and Region

April 28, 2012 H1201775 $279,900 $0 0%
June 08, 2012 H1201775 removed after 41 days
January 30, 2013 H1300396 $298,900 $0 0%
February 01, 2013 H1300396 removed after 2 days
October 04, 2013 H1303843 $283,900 $-15,000 -5%
October 30, 2013 H1303843 $274,900 $-24,000 -8%
November 27, 2013 H1303843 $266,900 $-32,000 -11%
January 04, 2014 H1303843 $259,900 $-39,000 -13%
January 31, 2014 H1303843 $249,900 $-49,000 -16%
March 04, 2014 H1303843 $242,900 $-56,000 -19%
March 30, 2014 H1303843 $239,900 $-59,000 -20%
April 29, 2014 H1303843 $229,900 $-69,000 -23%

No Picture Current Days on Market: 209 (0.57years) Current ‘Official’ Days on Market: 209 2013 Assessment: $298,700 Desperation Score: 35.6 3 bdrm + den split level home in quiet neighbourhood, within walking distance to schools, shopping & recreation. 2 X 6 construction, large double garage, open layout with 2 gas fireplaces, this home allows for lots of spacious living. A little elbow grease & this home will shine just like new! Unfinished basements with 10′ ceilings awaits your ideas! Come check it out.


#5 ) Address:# 301 1519 GRANT AV, Glenwood, Port Coquitlam

June 24, 2011 V896089 $199,500 $0 0%
December 17, 2011 V896089 removed after 176 days
January 07, 2012 V923924 $198,800 $-700 0%
May 01, 2012 V923924 $195,500 $-4,000 -2%
May 28, 2012 V923924 $192,500 $-7,000 -4%
July 06, 2012 V923924 removed after 181 days
September 15, 2012 V971639 $190,000 $-9,500 -5%
December 10, 2012 V971639 $188,000 $-11,500 -6%
January 11, 2013 V971639 removed after 118 days
January 26, 2013 V987357 $187,000 $-12,500 -6%
May 21, 2013 V987357 $185,000 $-14,500 -7%
August 01, 2013 V987357 removed after 187 days
January 27, 2014 V1043783 $159,000 $-40,500 -20%
February 12, 2014 V1043783 $149,900 $-49,600 -25%
March 19, 2014 V1043783 $143,900 $-55,600 -28%
April 14, 2014 V1043783 $139,900 $-59,600 -30%
April 24, 2014 V1043783 removed after 87 days
April 28, 2014 V1060672 $137,000 $-62,500 -31%

No Picture Current Days on Market: 1042 (2.85years) Current ‘Official’ Days on Market: 3 2013 Assessment: $166,400 Desperation Score: 36.8 The Beason, a superbly located building. Walk to shops, eateries, and bus service. Quiet location. This building was recently fully rainscreened, which included a new roof and windows. This is a great looking and well-maintained building. The suite is located close to the elevator, no need to carry your groceries down a long hallway! This is a spacious suite and offers a large walk-in closet plus a large laundry room. There is room for a small table in the kitchen as well. Gas fireplace.


#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%
April 24, 2014 F1401266 $600,000 $-69,900 -10%

f1401266_1 Current Days on Market: 269 (0.74years) Current ‘Official’ Days on Market: 102 2013 Assessment: $476,000 Desperation Score: 38.5 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! Sold for $454,900 in October, 2013


#3 ) Address:1466 GOWER POINT RD, Gibsons, Sunshine Coast

December 12, 2012 V982430 $499,000 $0 0%
May 12, 2013 V982430 removed after 151 days
September 12, 2013 V1026702 $424,000 $-75,000 -15%
October 17, 2013 V1026702 $409,000 $-90,000 -18%
November 15, 2013 V1026702 $394,900 $-104,100 -21%
December 05, 2013 V1026702 $384,900 $-114,100 -23%
January 23, 2014 V1026702 removed after 133 days
January 27, 2014 V1043686 $359,000 $-140,000 -28%
March 13, 2014 V1043686 $344,900 $-154,100 -31%
April 24, 2014 V1043686 removed after 87 days
April 28, 2014 V1060452 $334,900 $-164,100 -33%

v1060452_1 Current Days on Market: 505 (1.38years) Current ‘Official’ Days on Market: 3 2013 Assessment: $429,000 Desperation Score: 39.2 Two cottages on just under half acre of premium water view property in an exclusive area of the Sunshine Coast on Gower Point Rd. With south exposure, views of Georgia Strait, easy commute to the ferry, close to Gibsons amenities, and beaches make this a complete package. As an owner live in one home and rent the other, operate a bed and breakfast, or use as a personal artist studio. Each cottage is just under 1000 square feet, some TLC required but with some sweat equity this could be a fabulous investment. Options are many, the price is right!


#2 ) Address:41348 N NICOMEN RD, Dewdney/ Deroche, Mission

September 03, 2009 F2919957 $259,900 $0 0%
September 16, 2009 F2919957 removed after 13 days
July 05, 2011 F1116848 $338,000 $0 0%
July 12, 2011 F1116848 $299,000 $-39,000 -12%
August 17, 2011 F1116848 removed after 43 days
June 28, 2013 F1315422 $119,900 $-218,100 -65%
July 20, 2013 F1315422 $115,900 $-222,100 -66%
August 22, 2013 F1315422 $112,900 $-225,100 -67%
September 07, 2013 F1315422 removed after 71 days
November 27, 2013 F1326162 $108,900 $-229,100 -68%
January 23, 2014 F1326162 $102,900 $-235,100 -70%
February 21, 2014 F1326162 $99,900 $-238,100 -70%
March 24, 2014 F1326162 $96,900 $-241,100 -71%
April 24, 2014 F1326162 $93,900 $-244,100 -72%

f1326162_1 Current Days on Market: 307 (0.84years) Current ‘Official’ Days on Market: 155 2013 Assessment: $348,000 Desperation Score: 43.5 Here’s your chance..to build your dream home in a wonderful rural location! Located in Deroche, this flat 0.61 acre lot provides lots of privacy & is just a short drive from all the amenities of Mission. Head out to the east & zip on over to Lake Errock, play around at the Sandpiper Golf Resort, hit the slopes at Hemlock Valley, or just relax at Harrison Hot Springs! They’re all close by! you don’t see this type of opportunity come along very often. What are you waiting for?


#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%
April 22, 2014 F1403281 removed after 68 days
April 29, 2014 F1410115 $1,399,888 $-780,112 -36%

f1410115_1 Current Days on Market: 1822 (4.99years) Current ‘Official’ Days on Market: 2 2013 Assessment: $1,310,000 2011 Assessment: $1,237,000 Desperation Score: 49.2 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 the finest 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 Beds up. 3 Beds 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!

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