Vancouver Price Drop

Documenting Vancouver real estate price movements

Weekly Drop Metro Vancouver Attached – May 20, 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:# 17 1345 W 4TH AV, False Creek, Vancouver West

March 24, 2010 V817060 $349,000 $0 0%
April 22, 2010 V817060 removed after 29 days
May 18, 2011 V888944 $479,000 $0 0%
November 11, 2011 V888944 removed after 177 days
November 17, 2011 V919935 $448,000 $-31,000 -6%
May 15, 2012 V919935 removed after 180 days
July 07, 2012 V960654 $423,000 $-56,000 -12%
October 17, 2012 V960654 $389,000 $-90,000 -19%
January 01, 2013 V960654 removed after 178 days
May 15, 2014 V1064183 $389,000 $-90,000 -19%

 

v1064183_1

Current Days on Market: 8 (0.02years)
Current ‘Official’ Days on Market: 8
2013 Assessment: $299,000
2011 Assessment: $282,800
Desperation Score: 6.4

Over 830 SF. Unique, large one bedroom suite. Located on the North side of the building this home is very quiet & has some mountain & city views. Beautiful hardwood floors on main floor with nice patio & wood burning fireplace, well appointed kitchen looks out onto dining & living room. Below main floor is a large bedroom with one WALK IN CLOSET & one wall closet, plenty of space for king size bed, dressers & desk. Laundry room has large front load stacking washer & dryer with additional space for storage & shelving. Great location. 5 minute walk to Granville Island, close to transit, shopping, cafes, seawall, parks & restaurants. Includes one underground parking spot, pet & tenant friendly building.


#9 ) Address:6755 CURTIS ST, Sperling-Duthie, Burnaby

October 14, 2012 V976654 $1,150,000 $0 0%
March 13, 2013 V976654 removed after 150 days
March 20, 2013 V996588 $1,068,000 $-82,000 -7%
May 30, 2013 V996588 removed after 71 days
June 07, 2013 V1011073 $1,068,000 $-82,000 -7%
September 25, 2013 V1011073 removed after 110 days
February 06, 2014 V1045652 $950,000 $-200,000 -17%
May 14, 2014 V1045652 removed after 97 days
May 19, 2014 V1064864 $925,000 $-225,000 -20%

 

v1064864_1

Current Days on Market: 586 (1.61years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $930,500
Desperation Score: 21.8

Best designed & most luxurious 1/2 duplex in N Bby! Enter into the main level w/boundless 9′ ceilings, comfortable living rm, generous den ideal for extra office space & an impressive gourmet kitch w/ s/s appliances, quartz counters & marble backsplash. On the upper level you will find a breathtaking masterbdrm w/ a chic gas fireplace, spacious walk-in closet & spa inspired ensuite which incls a steam shower. Feat designer colours throughout, tasteful h/w flooring, crown molding, built-in vacuum system, single car garage & still under 2-5-10 warranty. This exquisite 3 bedrm & 3 bathrm brand new home offers spacious living & fantastic curb appeal. Situated on a 7971 sf lot in a fantastic location within walking distance to schools


#8 ) 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%
May 19, 2014 V1046790 $439,900 $-116,100 -21%

 

v1046790_1

Current Days on Market: 677 (1.85years)
Current ‘Official’ Days on Market: 99
2013 Assessment: $435,000
2011 Assessment: $475,000
Desperation Score: 23.7

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.


#7 ) Address:# 217 1633 MACKAY AV, Pemberton, North Vancouver

February 14, 2008 V688733 $529,900 $0 0%
April 16, 2008 V688733 removed after 62 days
September 19, 2009 V788354 $455,000 $-74,900 -14%
September 30, 2009 V788354 $447,000 $-82,900 -16%
December 21, 2009 V788354 removed after 93 days
March 07, 2013 V994275 $419,500 $-110,400 -21%
July 23, 2013 V994275 removed after 138 days
July 27, 2013 V1019383 $419,000 $-110,900 -21%
December 21, 2013 V1019383 removed after 147 days
May 14, 2014 V1064073 $419,000 $-110,900 -21%

 

v1064073_1

Current Days on Market: 442 (1.21years)
Current ‘Official’ Days on Market: 9
2013 Assessment: $390,000
Desperation Score: 10.3

Southwest corner 2 bedroom, 2 bathroom at ‘Touchstone’. Offering an open planned kitchen with granite counters and stainless appliances, large dining room, and living room with electric fireplace and sliders to a balcony. Includes in-suite aundry, a storage locker, and 1 secure parking stall. Terrific location steps to parks, trails, public transit, shopping, and more.


#6 ) Address:# 501 150 ALEXANDER ST, Downtown, Vancouver East

May 05, 2010 V827389 $1,089,000 $0 0%
June 16, 2010 V827389 removed after 42 days
September 18, 2013 V1027568 $1,398,000 $0 0%
November 03, 2013 V1027568 $1,348,000 $-50,000 -4%
November 07, 2013 V1027568 removed after 50 days
November 15, 2013 V1035756 $1,298,000 $-100,000 -7%
January 16, 2014 V1035756 $1,238,000 $-160,000 -11%
February 06, 2014 V1035756 removed after 83 days
February 13, 2014 V1046679 $1,199,000 $-199,000 -14%
May 08, 2014 V1046679 removed after 84 days
May 15, 2014 V1064407 $1,099,000 $-299,000 -21%

 

v1064407_1

Current Days on Market: 247 (0.68years)
Current ‘Official’ Days on Market: 8
2013 Assessment: $983,000
2011 Assessment: $773,000
Desperation Score: 31.1

Unbelievably panoramic city, mountain, and water views await in this luxurious and character-filled 2 bedroom, 2 bathroom sophisticated 2 story Penthouse. Open concept living/dining/kitchen make for truly spacious living. The master bedroom features a canopy of exposed wood beams while the second bedroom has an entire wall of exposed brick. Hardwood upstairs and engineered floors down, and a real wood burning fireplace in the living room finish off this fantastic suite. Then there is the rooftop deck! Large, private and perfect for entertaining situated conveniently off of the living room. With amazing views, and super location in the hippest part of town, this penthouse has it all! Call to book your private viewing. Open House Saturday May 17th, 1-3pm.


#5 ) Address:# 220 340 W 3RD ST, Lower Lonsdale, North Vancouver

June 19, 2009 V772729 $254,900 $0 0%
July 29, 2009 V772729 removed after 40 days
March 20, 2014 V1053182 $209,000 $-45,900 -18%
May 14, 2014 V1053182 $199,900 $-55,000 -22%

 

v1053182_1

Current Days on Market: 64 (0.18years)
Current ‘Official’ Days on Market: 64
2013 Assessment: $237,200
Desperation Score: 17.6

Private 1 bedroom, 1 bathroom, 677 sq ft home on the quiet side of this updated building, in a lovely location close to all the amenities that Lower Lonsdale offers. The home is highlighted with bright neutral paints throughout, a walkthrough kitchen between the hallway and dining room, a large Master bedroom, an open den area perfect for the home office and an outdoor balcony showcased through large windows and accessed via a sliding door 1 parking + 1 storage locker. Newer roof in 2006, lobby redone in 2007, and piping in 2011 (all years approx.) Walk to the Sea Bus. Pet friendly building. Rentals allowed w/ restrictions.


#4 ) Address:# 110 5715 JERSEY AV, Central Park, Burnaby

March 13, 2010 V814751 $218,000 $0 0%
March 24, 2010 V814751 $212,000 $-6,000 -3%
March 25, 2010 V814751 removed after 12 days
April 08, 2010 V820056 $212,000 $-6,000 -3%
May 01, 2010 V820056 $195,000 $-23,000 -11%
May 18, 2010 V820056 removed after 40 days
April 24, 2014 V1059627 $169,980 $-48,020 -22%
May 16, 2014 V1059627 $168,888 $-49,112 -23%

 

v1059627_1

Current Days on Market: 29 (0.08years)
Current ‘Official’ Days on Market: 29
2013 Assessment: $156,400
Desperation Score: 15.2

Bright and spacious 1 bedroom in Cameray Gardens. Located just off of Kingsway and Jersey Ave on the quiet residential side in a very well maintained building, this condo includes a full renovated bathroom, newer appliances, fresh paint & lovely patio. Walking distance to all amenities including the Patterson Skytrain Station, bus routes, Metrotown and Central Park. Low maintenance fees, great location and a very nice place to call home.


#3 ) Address:# 308 7428 19TH AV, Edmonds, Burnaby

March 20, 2011 V876853 $239,000 $0 0%
April 29, 2011 V876853 $236,500 $-2,500 -1%
May 11, 2011 V876853 removed after 52 days
May 15, 2011 V888408 $231,000 $-8,000 -3%
May 27, 2011 V888408 $225,000 $-14,000 -6%
June 14, 2011 V888408 $220,000 $-19,000 -8%
June 30, 2011 V888408 $210,000 $-29,000 -12%
August 03, 2011 V888408 removed after 80 days
September 23, 2011 V911689 $269,000 $0 0%
October 21, 2011 V911689 $249,000 $-20,000 -7%
January 16, 2012 V911689 removed after 115 days
February 19, 2012 V932499 $245,000 $-24,000 -9%
March 20, 2012 V932499 $229,000 $-40,000 -15%
May 28, 2012 V932499 removed after 99 days
June 04, 2012 V954387 $225,000 $-44,000 -16%
July 05, 2012 V954387 $219,000 $-50,000 -19%
August 31, 2012 V954387 removed after 88 days
September 16, 2012 V971922 $209,999 $-59,001 -22%
December 12, 2012 V971922 removed after 87 days
January 09, 2013 V984004 $219,000 $-50,000 -19%
February 07, 2013 V984004 $208,000 $-61,000 -23%
June 30, 2013 V984004 removed after 172 days
July 27, 2013 V1019686 $208,000 $-61,000 -23%
April 01, 2014 V1019686 removed after 248 days
May 14, 2014 V1064107 $199,000 $-70,000 -26%

 

v1064107_1

Current Days on Market: 1160 (3.18years)
Current ‘Official’ Days on Market: 9
2013 Assessment: $195,000
2011 Assessment: $207,700
2011 Last Sale: $195,000 on 13/Jul/2011
Total Loss IF sold for list price: 18,072 transaction costs and 4,000 profit on sale = LOSS of 14,072
Desperation Score: 13.9

Great value at Chateau Lyon. Top floor corner unit. No one above you and bright. Very affordable condo living in Burnaby Highgate Mall/Edmonds area. Very close to bus, school and Edmonds Community Centre. Large bedroom size and spacious floor plan. Why rent when you can own this almost 1,000 sf of living space with a very affordable mortgage payment. Please call listing agent to view.


#2 ) Address:# 1225 235 KEITH RD, Cedardale, West Vancouver

October 06, 2006 V603197 $314,000 $0 0%
October 23, 2006 V603197 $309,000 $-5,000 -2%
October 31, 2006 V603197 removed after 25 days
May 29, 2008 V711918 $326,900 $0 0%
September 23, 2008 V711918 removed after 117 days
April 08, 2010 V820024 $284,900 $-42,000 -13%
April 22, 2010 V820024 $279,900 $-47,000 -14%
July 06, 2010 V820024 removed after 89 days
September 02, 2013 V1024654 $249,900 $-77,000 -24%
December 28, 2013 V1024654 removed after 117 days
January 16, 2014 V1040958 $239,900 $-87,000 -27%
May 10, 2014 V1040958 removed after 114 days
May 19, 2014 V1064717 $239,900 $-87,000 -27%

 

v1064717_1

Current Days on Market: 263 (0.72years)
Current ‘Official’ Days on Market: 4
2013 Assessment: $239,400
Desperation Score: 16.5

Rarely offered garden view one bedroom in West Van’s Spuraway Gardens. Great outlook with loads of natural light. Suite has engineered hardwood throughout, updates to kitchen & bath – shows well! Resident owned & maintained. Transit is just steps away plus it’s a short walk to Park Royal shopping or the fitness trails of the Capilano Canyon. Spuraway has immaculately maintained grounds, a large outdoor pool and the Spuraway Lodge with guest accommodation. A very well maintained complex with a proven track record. Recent roof replacement & new elevator. Sorry, no pets allowed and rentals are restricted.


#1 ) Address:# 1605 1128 W HASTINGS ST, Coal Harbour, Vancouver West

October 23, 2009 V794371 $239,999 $0 0%
January 03, 2010 V794371 removed after 72 days
January 07, 2010 V802394 $244,900 $0 0%
February 17, 2010 V802394 $235,900 $-9,000 -4%
April 06, 2010 V802394 removed after 89 days
April 18, 2010 V823361 $222,000 $-22,900 -9%
May 30, 2010 V823361 removed after 42 days
September 23, 2010 V851468 $218,800 $-26,100 -11%
December 17, 2010 V851468 removed after 85 days
January 07, 2011 V862023 $218,800 $-26,100 -11%
March 30, 2011 V862023 removed after 82 days
April 09, 2011 V881075 $212,800 $-32,100 -13%
June 23, 2011 V881075 $199,800 $-45,100 -18%
August 06, 2011 V881075 removed after 119 days
January 19, 2012 V926133 $188,800 $-56,100 -23%
May 30, 2012 V926133 removed after 132 days
November 03, 2012 V979066 $174,000 $-70,900 -29%
June 30, 2013 V979066 removed after 239 days
December 02, 2013 V1037677 $187,000 $-57,900 -24%
March 19, 2014 V1037677 $175,000 $-69,900 -29%
May 16, 2014 V1037677 $168,000 $-76,900 -31%

 

v1037677_1

Current Days on Market: 1673 (4.58years)
Current ‘Official’ Days on Market: 172
2013 Assessment: $149,800
2011 Assessment: $176,000
Desperation Score: 17.5

Sold for $199,000 in October 2009!

Great opportunity to own a strata unit at “Marriott Pinnacle Hotel” in downtown financial core near waterfront – Share revenue from hotel guest rooms & facilities. The hotel is in walking to Stanley Park, waterfront, restaurants, shoppings, and Vancouver Conventional Centre. Owner is entitled to 30 days/year of free stay & use of pool & rec. facilities. Price includes furniture.


 

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