Vancouver Price Drop

Documenting Vancouver real estate price movements

Weekly Drop Metro Vancouver Attached – May 13, 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:# 107 310 W 3RD ST, Lower Lonsdale, North Vancouver

September 20, 2009 V788416 $308,000 $0 0%
November 12, 2009 V788416 removed after 53 days
October 03, 2012 V974586 $289,900 $-18,100 -6%
January 19, 2013 V974586 $279,000 $-29,000 -9%
April 05, 2013 V974586 $274,000 $-34,000 -11%
June 02, 2013 V974586 removed after 242 days
June 07, 2013 V1011484 $267,900 $-40,100 -13%
July 04, 2013 V1011484 $259,900 $-48,100 -16%
September 25, 2013 V1011484 $254,900 $-53,100 -17%
May 06, 2014 V1011484 removed after 333 days
May 12, 2014 V1063580 $239,900 $-68,100 -22%

 

v1063580_1

Current Days on Market: 588 (1.61years)
Current ‘Official’ Days on Market: 2
2013 Assessment: Unknown
Desperation Score: 22.4

HOT PRICE IN LOLO. Fully renovated 1 bdrm + den. Crown moldings, baseboards, laminate floors, gorgeous kitchen with stainless appliances. New fixtures, new doors, great bathroom, insuite + storage locker. Den is a perfect office space. A minutes walk to seabus for quick downtown access! South facing BBQ ok, great light, nothing to do but move in. Showings by appt only.


#9 ) 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%
May 10, 2014 V1058559 $648,800 $-189,200 -23%

 

v1058559_1

Current Days on Market: 111 (0.30years)
Current ‘Official’ Days on Market: 27
2013 Assessment: $661,000
2011 Assessment: $635,000
2011 Last Sale: $656,000 on 15/Apr/2011
Total Loss IF sold for list price: 39,886 transaction costs and 7,200 loss on sale = LOSS of 47,086
Desperation Score: 15.1

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.


#8 ) Address:# 401 2225 TWIN CREEK PL, Whitby Estates, West Vancouver

September 21, 2007 V669473 $5,950,000 $0 0%
December 21, 2007 V669473 removed after 91 days
April 30, 2008 V703913 $5,950,000 $0 0%
October 02, 2008 V703913 removed after 155 days
October 04, 2008 V737524 $5,195,000 $-755,000 -13%
October 07, 2008 V737524 $4,895,000 $-1,055,000 -18%
November 08, 2008 V737524 $4,449,000 $-1,501,000 -25%
July 01, 2009 V737524 removed after 270 days
September 01, 2009 V783949 $4,195,000 $-1,755,000 -29%
November 01, 2009 V783949 removed after 61 days
February 11, 2010 V808965 $3,745,000 $-2,205,000 -37%
April 13, 2010 V808965 removed after 61 days
May 10, 2014 V1062958 $4,600,000 $-1,350,000 -23%

 

v1062958_1

Current Days on Market: 4 (0.01years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $3,852,000
Desperation Score: 4.5

Spectacular 4700 sq ft penthouse located in the world-class “properties” development in the British Properties. This 4700 sq ft penthouse boasts 3 full and ensuite bedrooms, media room, gym, family room, dining and living. The floor to ceiling windows thakes full advantage of the southwest views. Look out from your gourmet kitchen and approx 2000 sq ft of outdoor patios. The finishes are second to none. Some features are private 2 car garage, air conditioning, wine cellar and loads of storage space. Very private due to the fact it is beside a greenbelt. This penthouse is entertainer’s dream!


#7 ) Address:# 318 8640 CITATION DR, Brighouse, Richmond

December 13, 2007 V680977 $229,000 $0 0%
February 07, 2008 V680977 removed after 56 days
May 21, 2012 V951379 $259,000 $0 0%
June 26, 2012 V951379 $248,000 $-11,000 -4%
July 27, 2012 V951379 removed after 67 days
April 10, 2014 V1057204 $228,000 $-31,000 -12%
April 23, 2014 V1057204 $215,000 $-44,000 -17%
May 13, 2014 V1057204 $199,900 $-59,100 -23%

 

v1057204_1

Current Days on Market: 34 (0.09years)
Current ‘Official’ Days on Market: 34
2013 Assessment: $200,200
2011 Assessment: $249,100
Desperation Score: 24.9

Bright, top floor, northeast corner unit. Updated bathroom and newer kitchen appliances. Locker on the balcony. Spacious, clean, move-in condition. Book your showing today!


#6 ) Address:# 205 1166 W 6TH AV, Fairview, Vancouver West

October 06, 2006 V605846 $349,900 $0 0%
October 11, 2006 V605846 removed after 5 days
March 25, 2007 V637302 $379,900 $0 0%
April 11, 2007 V637302 removed after 17 days
July 01, 2008 V719214 $469,000 $0 0%
July 01, 2008 V719214 removed after 0 days
June 13, 2009 V771530 $409,900 $-59,100 -13%
September 01, 2009 V771530 removed after 80 days
September 06, 2009 V785835 $399,900 $-69,100 -15%
September 22, 2009 V785835 removed after 16 days
April 03, 2010 V819514 $399,000 $-70,000 -15%
May 21, 2010 V819514 removed after 48 days
February 13, 2011 V869090 $399,900 $-69,100 -15%
March 03, 2011 V869090 $389,000 $-80,000 -17%
March 31, 2011 V869090 removed after 46 days
March 07, 2014 V1050877 $399,900 $-69,100 -15%
April 24, 2014 V1050877 removed after 48 days
May 10, 2014 V1062944 $359,000 $-110,000 -23%

 

v1062944_1

Current Days on Market: 68 (0.19years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $382,000
2011 Assessment: $327,000
Desperation Score: 14.7

Priced for a quick sale! SELLER SAYS SELL! Opportunity to buy an inner courtyard corner unit with windows on 3 sides. Quiet location! This 2 bedroom plus den has a completely renovated bathroom and upgraded kitchen. Some city and mountain views exist from the front bedroom. Smart floor plan. Central location. Partially rainscreened building. Rentals allowed and pets with approval. Easy to show. Offers if any will be viewed on Wednesday May 14th. Open House Saturday May 10th from 12:30-2:00pm and Sunday May 11th from 1-4pm.


#5 ) Address:# 44 5221 OAKMOUNT CR, Oaklands, Burnaby

May 16, 2012 V950269 $1,180,000 $0 0%
March 13, 2013 V950269 $1,080,000 $-100,000 -8%
March 20, 2013 V950269 removed after 308 days
March 23, 2013 V997129 $1,080,000 $-100,000 -8%
May 10, 2013 V997129 removed after 48 days
May 25, 2013 V1008333 $1,048,000 $-132,000 -11%
June 25, 2013 V1008333 $999,000 $-181,000 -15%
August 17, 2013 V1008333 $949,000 $-231,000 -20%
November 29, 2013 V1008333 removed after 188 days
April 14, 2014 V1057683 $929,900 $-250,100 -21%
May 08, 2014 V1057683 $899,900 $-280,100 -24%

 

v1057683_1

Current Days on Market: 728 (1.99years)
Current ‘Official’ Days on Market: 30
2013 Assessment: $932,000
Desperation Score: 26.7

“Season by the Lake!” Private outlook looking directly into Deer Lake Parklands! The preferred “Master bedroom on the main” floorplan. Vaulted ceilings from front of T/H to the back for a bright & spacious feel. Upgrades include hardwood floors, granite kitchen countertops! Radiant floor heating. Powder room on the main floor. Balcony off of family room. 2 level townhome with 2612 sqft makes it easy to downsize from a detached home as all rooms are spacious with 1300 sqft on each level. Secure gate entry & rare adult-oriented complex. Well-priced!


#4 ) Address:# 2203 4160 SARDIS ST, Central Park, Burnaby

September 03, 2010 V848300 $448,800 $0 0%
October 14, 2010 V848300 $439,800 $-9,000 -2%
November 03, 2010 V848300 removed after 61 days
November 05, 2010 V857271 $425,000 $-23,800 -5%
December 01, 2010 V857271 removed after 26 days
August 01, 2013 V1019978 $658,800 $0 0%
September 04, 2013 V1019978 $598,800 $-60,000 -9%
September 28, 2013 V1019978 $558,800 $-100,000 -15%
December 28, 2013 V1019978 removed after 149 days
March 24, 2014 V1053986 $549,900 $-108,900 -17%
April 09, 2014 V1053986 $529,900 $-128,900 -20%
May 13, 2014 V1053986 $498,800 $-160,000 -24%

 

v1053986_1

Current Days on Market: 286 (0.78years)
Current ‘Official’ Days on Market: 51
2013 Assessment: $404,000
Desperation Score: 30.0

Million dollar home at nearly half the price! Enjoy this showcase, 2-storey penthouse with breathtaking panoramic views of downtown Vancouver and beyond, 2 decks, plus a rooftop deck available only to 4 penthouses. Completely remodeled with new kitchen, high-end appliances, bathrooms, flooring, designer paint, & high-end entertainment unit with 46″ TV. Insuite laundry, 2 parkings & 2 storage lockers. Fully refurbished building with new exterior, windows, elevators & piping — all paid for! Amenities include tennis court, gym, clubhouse, outdoor pool. Walk to Central Park, Metrotown, Crystal Mall, SkyTrain. Homes like this rarely come on the market, please call today to view this exceptional home!


#3 ) Address:2568 W 4TH AV, Kitsilano, Vancouver West

December 29, 2007 V681740 $649,900 $0 0%
February 23, 2008 V681740 $639,000 $-10,900 -2%
March 15, 2008 V681740 $624,995 $-24,905 -4%
April 04, 2008 V681740 $617,850 $-32,050 -5%
May 06, 2008 V681740 removed after 129 days
May 17, 2008 V707533 $599,950 $-49,950 -8%
July 03, 2008 V707533 removed after 47 days
July 06, 2008 V720563 $599,950 $-49,950 -8%
July 19, 2008 V720563 $585,000 $-64,900 -10%
August 19, 2008 V720563 $565,000 $-84,900 -13%
September 03, 2008 V720563 $574,500 $-75,400 -12%
September 25, 2008 V720563 removed after 81 days
October 01, 2008 V736784 $574,500 $-75,400 -12%
November 01, 2008 V736784 $549,000 $-100,900 -16%
November 11, 2008 V736784 $535,000 $-114,900 -18%
January 01, 2009 V736784 removed after 92 days
July 24, 2009 V778488 $599,850 $-50,050 -8%
September 29, 2009 V778488 removed after 67 days
October 02, 2009 V790711 $584,880 $-65,020 -10%
January 03, 2010 V790711 removed after 93 days
February 04, 2010 V807704 $599,850 $-50,050 -8%
March 18, 2010 V807704 removed after 42 days
March 28, 2010 V818046 $589,000 $-60,900 -9%
May 21, 2010 V818046 $569,000 $-80,900 -12%
July 19, 2010 V818046 removed after 113 days
July 23, 2011 V900155 $588,000 $-61,900 -10%
September 07, 2011 V900155 removed after 46 days
July 20, 2013 V1018446 $532,900 $-117,000 -18%
August 15, 2013 V1018446 $516,900 $-133,000 -20%
September 17, 2013 V1018446 $506,900 $-143,000 -22%
October 14, 2013 V1018446 removed after 86 days
May 10, 2014 V1063430 $488,000 $-161,900 -25%

 

v1063430_1

Current Days on Market: 4 (0.01years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $491,000
2011 Assessment: $564,000
Desperation Score: 18.5

The Spindrift – Unique 2 bedroom, 2 bath townhome in the heart of Kitsilano. North West corner location with a 180 sq ft private rooftop deck to enjoy sun setting views of the city, mountains, and partial water! Needs paint & cleaning but features an open plan with updated kitchen & bath, 2nd BBQ deck, vaulted ceilings, maple floors & wood burning fireplace. Small 8 unit Strata, 1 parking spot, 1 locker, 1 dog & 2 cats allowed at the discretion of council. Great W 4th location! Just steps to Kits Beach, parks, restaurants, transit, shopping, and more.


#2 ) Address:# 102 9260 NO 2 RD, Woodwards, Richmond

August 03, 2012 V965079 $188,800 $0 0%
December 19, 2012 V965079 removed after 138 days
January 16, 2014 V1041133 $139,000 $-49,800 -26%
May 13, 2014 V1041133 $132,000 $-56,800 -30%

 

v1041133_1

Current Days on Market: 118 (0.32years)
Current ‘Official’ Days on Market: 118
2013 Assessment: $215,500
2011 Assessment: $211,200
Desperation Score: 19.2

This clean and ready to move in unit can have quick possession. Just been freshly painted and has great south exposure, This well managed complex is in the heart of Richmond and is easy to view, Catering to the senior Non denominational Christian population, Secure building and all Expenses included in Maintenance fee, heat, hot water, cable, property tax, utilities, live in manager. Also has a guest suite and transportation at road. Come and take a look.


#1 ) Address:# 1602 1833 CROWE ST, False Creek, Vancouver West

December 22, 2009 V797961 $1,590,000 $0 0%
May 14, 2010 V797961 removed after 143 days
June 13, 2010 V835087 $1,688,000 $0 0%
August 03, 2010 V835087 removed after 51 days
August 22, 2010 V846719 $1,668,000 $-20,000 -1%
January 01, 2011 V846719 removed after 132 days
January 12, 2011 V862823 $1,488,000 $-200,000 -12%
February 04, 2011 V862823 $1,478,000 $-210,000 -12%
April 05, 2011 V862823 removed after 83 days
August 15, 2012 V966427 $1,199,000 $-489,000 -29%
March 01, 2013 V966427 removed after 198 days
September 28, 2013 V1029112 $1,196,000 $-492,000 -29%
November 15, 2013 V1029112 $1,130,300 $-557,700 -33%
December 28, 2013 V1029112 $1,099,000 $-589,000 -35%
February 10, 2014 V1029112 $1,038,600 $-649,400 -38%
March 27, 2014 V1029112 $999,900 $-688,100 -41%
May 13, 2014 V1029112 $945,000 $-743,000 -44%

 

v1029112_1

Current Days on Market: 228 (0.62years)
Current ‘Official’ Days on Market: 228
2013 Assessment: $1,275,000
2011 Assessment: $1,148,000
Desperation Score: 28.6

Fantastic PENTHOUSE unit situated on the NE corner with unobstructed view of Downtown, mountains and False Creek. This rare unit offers 3 bedroom + den, 2 baths, in-suite storage, central AC, radiant hot water heating, high end finishings and breathtaking 200 sq. foot balcony with incredible views. Formal sized living + dining areas with engineered hardwood flooring throughout and 1215 square feet of total living space. Built by reputable Polygon with remaining New Home Warranty. Very accessible to public transit, Canada Line, Olympic village and minutes to Downtown. Pets and rentals welcomed.

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