Vancouver Price Drop

Documenting Vancouver real estate price movements

Spotlight Richmond – June 29, 2014

Over the next couple of weeks I’ll try to do all of the spotlights going through each city and showing the top 10 properties based on the desperation formula.  Likely no red comments and no assessment data since those are both pretty time consuming but feel free to contribute your thoughts in the comments section

 


#10 ) Address:6411 WILLIAMS RD, Woodwards, Richmond

October 06, 2006 V599405 $708,000 $0 0%
October 31, 2006 V599405 removed after 25 days
February 29, 2008 V691576 $768,000 $0 0%
June 03, 2008 V691576 $788,000 $0 0%
September 01, 2008 V691576 removed after 185 days
March 02, 2011 V872474 $1,395,000 $0 0%
August 29, 2011 V872474 removed after 180 days
January 16, 2014 V1040155 $968,000 $-427,000 -31%
March 20, 2014 V1040155 $868,000 $-527,000 -38%
April 08, 2014 V1040155 $968,000 $-427,000 -31%
May 20, 2014 V1040155 removed after 124 days
June 02, 2014 V1066999 $928,000 $-467,000 -33%

 

v1066999_1

Current Days on Market: 166 (0.45years)
Current ‘Official’ Days on Market: 29
Desperation Score: 28.4

WOW!!! Prime Woodwards west Richmond location – close to London school, Errington school and playground. This unique property offers it all, large formal living room, spacious kitchen with adjoining family room, level walk out to back yard.Upstairs features a seperate entry 2 bedroom revenue suite with a rental history of $1500.00 per month.Private fully fenced backyard-perferct for the kids to play. Hurry on this unique family home!!


#9 ) Address:3491 RAYMOND AV, Seafair, Richmond

May 09, 2010 V828931 $1,650,000 $0 0%
November 02, 2010 V828931 removed after 177 days
April 14, 2012 V943288 $2,298,000 $0 0%
June 14, 2012 V943288 removed after 61 days
July 08, 2012 V961048 $2,368,000 $0 0%
September 07, 2012 V961048 removed after 61 days
September 08, 2012 V970243 $2,278,000 $-90,000 -4%
November 06, 2012 V970243 $2,248,000 $-120,000 -5%
November 08, 2012 V970243 removed after 61 days
May 04, 2013 V1004971 $2,168,000 $-200,000 -8%
June 26, 2013 V1004971 removed after 53 days
July 06, 2013 V1016223 $2,098,000 $-270,000 -11%
October 04, 2013 V1016223 $2,038,000 $-330,000 -14%
October 17, 2013 V1016223 $2,088,000 $-280,000 -12%
October 30, 2013 V1016223 removed after 116 days
November 07, 2013 V1034975 $2,088,000 $-280,000 -12%
December 17, 2013 V1034975 removed after 40 days
January 16, 2014 V1041049 $2,088,000 $-280,000 -12%
February 28, 2014 V1041049 removed after 43 days
March 12, 2014 V1051631 $2,118,000 $-250,000 -11%
April 03, 2014 V1051631 removed after 22 days
April 07, 2014 V1056572 $2,088,000 $-280,000 -12%
June 18, 2014 V1056572 $1,998,000 $-370,000 -16%

 

v1056572_1

Current Days on Market: 808 (2.21years)
Current ‘Official’ Days on Market: 85
Desperation Score: 29.1

$100k PRICE DROP!Absolutely stunning & luxurious south-facing custom-built European-style home located on the BEST STREET in Seafair. Like new, hardly lived-in, situated on a 66’x120′ lot, comprising of 3761sf of grand living space. 5 beds,5.5 baths, den & media room. You will be taken away by the superb quality throughout. Stately granite exterior w/ high gates, grand entry w/ high ceilings, open gourmet kitchen w/ high-end s/s appliances & imported granite counters, wok-kitchen, A/C, HRV, radiant heat, steam-shower, central vac, TOUCH-tech faucet, security monitoring & 3 car garage. Close to Steveston, dyke, golf course, transit, Dixon Elementary & Hugh Boyd Secondary. A truly special home for those wanting the finest in living.


#8 ) Address:# 208 8591 WESTMINSTER HY, Brighouse, Richmond

June 22, 2011 V895569 $268,800 $0 0%
September 17, 2011 V895569 removed after 87 days
November 18, 2011 V920211 $278,000 $0 0%
May 03, 2012 V920211 $268,000 $-10,000 -4%
June 28, 2012 V920211 $260,000 $-18,000 -6%
August 15, 2012 V920211 removed after 271 days
July 25, 2013 V1019181 $249,900 $-28,100 -10%
August 22, 2013 V1019181 $238,500 $-39,500 -14%
October 18, 2013 V1019181 removed after 85 days
March 21, 2014 V1053494 $220,000 $-58,000 -21%
April 25, 2014 V1053494 $212,900 $-65,100 -23%
May 22, 2014 V1053494 $206,900 $-71,100 -26%
June 18, 2014 V1053494 removed after 89 days
June 21, 2014 V1071539 $200,900 $-77,100 -28%

 

v1071539_1

Current Days on Market: 341 (0.93years)
Current ‘Official’ Days on Market: 10
Desperation Score: 30.0

Grow-op with Re-occupancy Permit 14-658041. Needs TLC. Close proximity to Lansdowne mall and other shopping areas as well as Canada line station and Kwantlen University. All measurements are approximate, buyer to verify.


#7 ) Address:8771 DELAWARE RD, Woodwards, Richmond

September 08, 2011 V908637 $1,200,000 $0 0%
December 21, 2011 V908637 $1,050,000 $-150,000 -13%
January 16, 2012 V908637 removed after 130 days
August 01, 2013 V1020308 $2,980,000 $0 0%
August 17, 2013 V1020308 $2,780,000 $-200,000 -7%
September 20, 2013 V1020308 removed after 50 days
September 28, 2013 V1029002 $2,780,000 $-200,000 -7%
October 30, 2013 V1029002 $2,680,000 $-300,000 -10%
November 19, 2013 V1029002 removed after 52 days
November 23, 2013 V1036585 $2,498,000 $-482,000 -16%
May 04, 2014 V1036585 $2,388,000 $-592,000 -20%
May 28, 2014 V1036585 removed after 186 days
June 27, 2014 V1072360 $2,288,000 $-692,000 -23%

 

v1072360_1

Current Days on Market: 334 (0.92years)
Current ‘Official’ Days on Market: 4
Desperation Score: 30.8

USABLE LOT: 9627 sq.ft, Priced to sell. One of kind luxury custom built residence in prestigious Woodward area. Very unique and spacious layout. 10′ high celling on main and second floor. 16′ high celling on living family room and foyer. Hardwood and marble throughout on main and 2cnd floor. Extensive use of superior material with perfect craftsmanship. Exquisite crown moulding and supreme finishing and details. Large gourmet kitchen with granite countertop, top line of cabinetry and appliances. Air conditioned, HRV,Central vacuum,Wine cellar, Media room with wet bar. Large master bed room comes with walk in closet, jaccuzzi and steam room. Beautifully landscaped with sprinkler system


#6 ) Address:3300 SPRINGFORD AV, Steveston North, Richmond

May 30, 2010 V833878 $758,900 $0 0%
June 15, 2010 V833878 removed after 16 days
March 03, 2011 V872948 $899,000 $0 0%
March 10, 2011 V872948 removed after 7 days
March 19, 2011 V876622 $1,098,000 $0 0%
July 01, 2011 V876622 removed after 104 days
June 28, 2013 V1014843 $2,380,000 $0 0%
September 20, 2013 V1014843 removed after 84 days
September 28, 2013 V1029188 $2,380,000 $0 0%
October 23, 2013 V1029188 $1,880,000 $-500,000 -21%
February 16, 2014 V1029188 $1,798,000 $-582,000 -24%
May 01, 2014 V1029188 removed after 215 days
May 04, 2014 V1062108 $1,798,000 $-582,000 -24%
June 16, 2014 V1062108 removed after 43 days
June 21, 2014 V1071215 $1,798,000 $-582,000 -24%
June 27, 2014 V1071215 $1,738,000 $-642,000 -27%

 

v1071215_1

Current Days on Market: 368 (1.01years)
Current ‘Official’ Days on Market: 10
Desperation Score: 30.9

Open House: Sat, June 28, 2-4 PM. Absolutely beautiful & gorgeous new luxurious high end finishing home in prestigious Steveston North area. 3,406 sq ft luxurious living on 60′ x 119.5′ (7,192 SF) lot with a south exposed backyard. Open floor plan with high ceiling foyer, living & family room. Gourmet kitchen & wok kitchen with luxury cabinets, granite countertops & Bosch high end stainless steel appliances. Grand ensuited master bedroom with jetted bathtub with 3 large bedrooms up & an ensuited guest bdrm downstairs. Modern Media theatre room, crystal chandeliers, security system, radiant heat, central A/C, balance of 2-5-10 NHW. Close to schools, shopping & transit. Hugh Boyd secondary school IB program & Steves elementary.


#5 ) Address:6111 BASSETT RD, Granville, Richmond

March 05, 2010 V812653 $899,000 $0 0%
March 19, 2010 V812653 removed after 14 days
January 05, 2013 V983604 $2,388,000 $0 0%
April 01, 2013 V983604 removed after 86 days
April 05, 2013 V998993 $2,198,000 $-190,000 -8%
May 30, 2013 V998993 removed after 55 days
June 06, 2013 V1010848 $2,198,000 $-190,000 -8%
June 15, 2013 V1010848 $2,098,000 $-290,000 -12%
September 02, 2013 V1010848 removed after 88 days
September 12, 2013 V1026280 $2,280,000 $-108,000 -5%
January 22, 2014 V1026280 $2,180,000 $-208,000 -9%
February 21, 2014 V1026280 $1,999,900 $-388,100 -16%
April 01, 2014 V1026280 removed after 201 days
April 09, 2014 V1056979 $2,098,000 $-290,000 -12%
June 09, 2014 V1056979 removed after 61 days
June 16, 2014 V1070407 $2,000,000 $-388,000 -16%

 

v1070407_1

Current Days on Market: 542 (1.48years)
Current ‘Official’ Days on Market: 15
Desperation Score: 34.1

Vancouver W Side inspired Architecture brought to Richmond, this UNIQUE JEWEL, located in a quiet cul-de-sac on a 9311 sf lot in a neighbourhood with luxurious mansions. a DETACHED 3 CAR garage & RARE PRIVATE rear lane GATED Entrance opening up to additional guest parking. Covered outdoor fireplace w/ample space for BBQ & entertaining amidst a large manicured backyard perfect for children. Luxury features displayed throughout. 5 bedrooms w/ensuite including 1 on main. Home Theatre,HRV, A/C, radiant heating, high end Chef’s kitchen equipped with S/S appliances & wok kitchen,extensive use of custom stone & marble work. Majestic grand foyer w/ high ceilings. Richmond High & Blundell Schools. Exceptional Value.


#4 ) Address:5900 FRANCIS RD, Lackner, Richmond

October 29, 2007 V675735 $595,000 $0 0%
January 16, 2008 V675735 removed after 79 days
April 18, 2010 V823166 $638,000 $0 0%
July 16, 2010 V823166 removed after 89 days
April 21, 2011 V883548 $700,000 $0 0%
April 26, 2011 V883548 removed after 5 days
July 09, 2011 V898871 $868,000 $0 0%
October 27, 2011 V898871 removed after 110 days
February 07, 2013 V989357 $1,988,800 $0 0%
July 29, 2013 V989357 removed after 172 days
August 05, 2013 V1020364 $1,748,888 $-239,912 -12%
September 17, 2013 V1020364 $1,748,800 $-240,000 -12%
December 05, 2013 V1020364 $1,788,888 $-199,912 -10%
January 16, 2014 V1020364 $1,798,888 $-189,912 -10%
February 12, 2014 V1020364 $1,678,888 $-309,912 -16%
April 01, 2014 V1020364 removed after 239 days
April 03, 2014 V1055658 $1,728,000 $-260,800 -13%
May 08, 2014 V1055658 $1,588,000 $-400,800 -20%
June 27, 2014 V1055658 $1,488,000 $-500,800 -25%

 

v1055658_1

Current Days on Market: 509 (1.39years)
Current ‘Official’ Days on Market: 89
Desperation Score: 34.7

Fabulous brand new luxury Home in Lackner west side of Richmond. This cozy home is conveniently close to all the amenities of life. It is built lovingly. Wowk Elementary & Steveston London Secondary catchment. 3-car garage, laundry, dry cleaning vacuuming, insulated & quiet motor keyless garage door, double glazed windows, high ceilings, natural light attics, gas connection BBQ in SW facing backyard, video monitoring, in-floor radiant heating on lower & upper floors, solar hot water system piping roughed in, dual flush control for water conservation, Viessmann (model 100 vitoden), temperature control faucets, Bosch appliances. HRV and Centrally Air Conditioned. Open House: June 7th, 2-4pm.


#3 ) Address:8260 GILBERT RD, Broadmoor, Richmond

February 14, 2007 V630318 $649,000 $0 0%
June 13, 2007 V630318 removed after 119 days
March 13, 2008 V694070 $718,000 $0 0%
October 01, 2008 V694070 removed after 202 days
April 21, 2010 V823712 $920,000 $0 0%
July 15, 2010 V823712 removed after 85 days
July 22, 2012 V963270 $3,180,000 $0 0%
September 24, 2012 V963270 removed after 64 days
September 29, 2012 V974169 $2,888,000 $-292,000 -9%
December 11, 2012 V974169 removed after 73 days
January 27, 2013 V987440 $2,788,000 $-392,000 -12%
March 02, 2013 V987440 removed after 34 days
March 27, 2013 V997538 $2,813,000 $-367,000 -12%
June 19, 2013 V997538 $2,748,000 $-432,000 -14%
July 20, 2013 V997538 $2,680,000 $-500,000 -16%
September 02, 2013 V997538 removed after 159 days
October 18, 2013 V1032313 $2,488,000 $-692,000 -22%
January 27, 2014 V1032313 removed after 101 days
January 31, 2014 V1044398 $2,488,000 $-692,000 -22%
March 24, 2014 V1044398 removed after 52 days
March 28, 2014 V1054792 $2,180,000 $-1,000,000 -31%
May 08, 2014 V1054792 removed after 41 days
May 16, 2014 V1064651 $1,998,000 $-1,182,000 -37%

 

v1064651_1

Current Days on Market: 709 (1.94years)
Current ‘Official’ Days on Market: 46
Desperation Score: 35.0

RARE GEM on Gilbert Road!! A designer’s masterpiece with exceptional workmanship. Amazing QUIET thanks to the architectural layout. Open concept layout on the main floor – well ventilated interior. High end SS appliances!! Tremendous lighting allocation inside out – detailed ceiling, mouldings plus natural lighting within the house make this property BRIGHT and FUN! Heavy use of expensive/unique tiles throughout the house. Huge outdoor sundeck equiped with gas BBQ stove, colourful LED lights in the family room & media room with WET BAR provides countless opportunities for parties & gathering. Media room can be easily converted into an in-law or guest suite. Steps away to Ferris Elementary & Richmond High School.


#2 ) Address:9811 PINEWELL CR, Saunders, Richmond

December 12, 2011 V922180 $3,488,000 $0 0%
January 14, 2012 V922180 $3,288,000 $-200,000 -6%
February 02, 2012 V922180 $3,198,800 $-289,200 -8%
February 16, 2012 V922180 removed after 66 days
March 07, 2012 V935676 $3,158,800 $-329,200 -9%
April 17, 2012 V935676 $2,998,800 $-489,200 -14%
June 26, 2012 V935676 removed after 111 days
August 19, 2012 V967189 $2,888,000 $-600,000 -17%
September 22, 2012 V967189 $2,853,888 $-634,112 -18%
October 17, 2012 V967189 $2,788,000 $-700,000 -20%
November 06, 2012 V967189 removed after 79 days
January 13, 2013 V984851 $2,778,000 $-710,000 -20%
February 21, 2013 V984851 $2,658,000 $-830,000 -24%
August 09, 2013 V984851 removed after 208 days
September 30, 2013 V1029684 $2,658,000 $-830,000 -24%
November 07, 2013 V1029684 $2,588,000 $-900,000 -26%
December 28, 2013 V1029684 removed after 89 days
January 19, 2014 V1042624 $2,588,000 $-900,000 -26%
February 21, 2014 V1042624 $2,498,000 $-990,000 -28%
March 18, 2014 V1042624 $2,387,500 $-1,100,500 -32%
April 08, 2014 V1042624 $2,500,000 $-988,000 -28%
May 08, 2014 V1042624 $2,387,500 $-1,100,500 -32%
June 04, 2014 V1042624 $2,337,500 $-1,150,500 -33%
June 09, 2014 V1042624 removed after 141 days
June 16, 2014 V1070467 $2,288,800 $-1,199,200 -34%

 

v1070467_1

Current Days on Market: 932 (2.55years)
Current ‘Official’ Days on Market: 15
Desperation Score: 37.3

SPECTACULAR HOME ON HUGE LOT!! Best value for this size house/lot in Richmond. Granite, hardwood, high end appliances, crystal chandelier. 18 ft ceilings, crown molding, heat recovery & air conditioning. 6 bedrooms total, 5 with ensuites. LEGAL 2 bedroom suite with own patio. Triple garage & lots more open parking for RV & boat. This house has it all – truly a must see!


#1 ) Address:# 101 8975 JONES RD, Brighouse South, Richmond

May 12, 2012 V949738 $268,000 $0 0%
June 29, 2012 V949738 $259,000 $-9,000 -3%
January 01, 2013 V949738 removed after 234 days
August 29, 2013 V1024190 $232,000 $-36,000 -13%
September 28, 2013 V1024190 $220,000 $-48,000 -18%
October 29, 2013 V1024190 $208,500 $-59,500 -22%
November 23, 2013 V1024190 removed after 86 days
November 29, 2013 V1037400 $199,000 $-69,000 -26%
December 28, 2013 V1037400 $194,800 $-73,200 -27%
January 27, 2014 V1037400 $188,800 $-79,200 -30%
March 13, 2014 V1037400 removed after 104 days
May 10, 2014 V1062981 $269,000 $0 0%
June 04, 2014 V1062981 removed after 25 days
June 06, 2014 V1068628 $259,000 $-10,000 -4%
June 27, 2014 V1068628 $249,000 $-20,000 -7%

 

v1068628_1

Current Days on Market: 306 (0.84years)
Current ‘Official’ Days on Market: 25
Desperation Score: 42.4

Absolutely amazing! Welcome home to this beautifully designed, renovated 1 bedroom, 1 bathroom condo in popular Regents Gate. The kitchen has had a fantastic transformation including NEW elegant cabinetry, granite countertops,full stainless appliance package and glass featured kitchen backsplash. Bathroom has been tastefully updated with new cabinetry, granite counters, under mount sinks, and modern elegant floor and shower tiles. Crown molding and deluxe flooring run thru-out the living room giving the room a very luxurious feel. Living room has a high ceiling which really brings out the open concept feel. Building is fully rain screened and strata documents read wonderfully. Make an offer. This wont last long. Call today!

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5 responses to “Spotlight Richmond – June 29, 2014

  1. Vancouverbound June 30, 2014 at 9:18 am

    Ugly House Awards time. Number 10 makes it so easy, and they are only asking $928,000 for this privilege. But a couple of surprises sneaked in: #7 – wishing to be in jolly old England – turrets rule the day. Plus #6 – pillars always the quick and easy way to show the plebe’s that you got money when they drive by your house. Look at me! I spent all this money on fake useless architecture. I’m special – see my bank account.

    • MaxPower July 1, 2014 at 3:15 pm

      “only” asking $928,000…

      Nothing says “I’ve made it” like living in what looks to be a converted warehouse.

  2. Trevor June 30, 2014 at 9:56 am

    Observer, was #1 was bought in March and re-listed in May? Thanks!

    • an observer June 30, 2014 at 10:10 am

      I don’t have that information but it was renovated so either by the old owner or by a flipper who will probably soon realize that flipping Richmond condo’s is not profitable

  3. Darlene June 30, 2014 at 11:09 am

    Thanks for all the work and research you do.Excellent site keep up the good work.

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