Vancouver Price Drop

Documenting Vancouver real estate price movements

Category Archives: Desperation Meter

Desperation Meter by City – September 20, 2013

Here are the most desperate properties in each city.  The formula attempts to determine the level of desperation for a particular home by looking at price drops and relistings and weighting them based on the size of the drop and how recently it happened.  The listings are sorted by city name and you will find that the most desperate property right now is in Burnaby


#1 ) Address:27752 MONTESINA AV, Aberdeen, Abbotsford

May 25, 2012 F1213526 $2,750,000 $0 0%
July 12, 2012 F1213526 $2,000,000 $-750,000 -27%
August 29, 2012 F1213526 $1,999,000 $-751,000 -27%
November 22, 2012 F1213526 removed after 181 days
December 05, 2012 F1228354 $1,999,000 $-751,000 -27%
May 02, 2013 F1228354 removed after 148 days
June 02, 2013 F1312922 $1,600,000 $-1,150,000 -42%
June 21, 2013 F1312922 $1,500,000 $-1,250,000 -45%
July 13, 2013 F1312922 $1,400,000 $-1,350,000 -49%
August 09, 2013 F1312922 $1,295,000 $-1,455,000 -53%

f1312922_1

Current Days on Market: 484 (1.33years)
Current ‘Official’ Days on Market: 111
2012 Assessment: $979,000
Desperation Score: 50.1

Gorgeous custom built log home on five acres with fantastic farmland and Mt. Baker views. 2-storey plus W.O. basement. Large Mbdrm on main with 4 piece ensuite and vaulted ceilings. Loaded with features including on demand hot water, central air, heat pump. All bathrooms have granite. Maple kitchen cabinets with granite counters and stainless appliances. Hardwood and high quality laminate throughout. Metal Roof. Generator. House sits on top of lot and land slopes down to shops, 27 x 52 and 25 x 70. All this on a quiet no thru street.


#1 ) Address:6735 WALTHAM AV, Upper Deer Lake, Burnaby

March 17, 2012 V937742 $868,000 $0 0%
March 19, 2012 V937742 removed after 2 days
February 01, 2013 V988244 $2,288,000 $0 0%
April 07, 2013 V988244 $2,138,000 $-150,000 -7%
May 01, 2013 V988244 removed after 89 days
May 10, 2013 V1006203 $1,980,000 $-308,000 -13%
May 30, 2013 V1006203 $1,880,000 $-408,000 -18%
June 29, 2013 V1006203 $1,799,000 $-489,000 -21%
July 08, 2013 V1006203 removed after 59 days
July 18, 2013 V1017996 $1,798,000 $-490,000 -21%
August 01, 2013 V1017996 removed after 14 days
August 09, 2013 V1021099 $1,698,000 $-590,000 -26%
August 27, 2013 V1021099 removed after 18 days
September 02, 2013 V1024552 $1,698,000 $-590,000 -26%
September 17, 2013 V1024552 removed after 15 days
September 20, 2013 V1028076 $1,598,800 $-689,200 -30%

v1028076_1

Current Days on Market: 232 (0.64years)
Current ‘Official’ Days on Market: 1
2012 Assessment: Building Unfinished
Desperation Score: 60.7

Custom built house in Upper Deer Lake sub area! Top quality materials & workmanship. Spacious main floor layout. Wok kitchen, HRV, air conditioning, radiant heat, hardwood floor. Super high ceiling, bright house with skylights. 2 potential suites (1 bedroom/2 bedrooms) downstairs. Sat/Sun, Open House, 2-4pm.


#1 ) Address:18171 72ND AV, Clayton, Cloverdale

May 09, 2007 F2711409 $1,350,000 $0 0%
May 15, 2007 F2711409 removed after 6 days
March 13, 2013 F1305804 $1,550,000 $0 0%
May 02, 2013 F1305804 removed after 50 days
June 09, 2013 F1313778 $1,500,000 $-50,000 -3%
June 15, 2013 F1313778 $1,399,900 $-150,100 -10%
August 29, 2013 F1313778 $1,349,000 $-201,000 -13%

f1313778_1

Current Days on Market: 192 (0.53years)
Current ‘Official’ Days on Market: 104
2012 Assessment: Unknown
Desperation Score: 23.7

Large 5 bedroom 2 storey plus basement home on 1 acre view lot in Clayton Hill. This property has it all, over $250,000 spent on the pool, detached cabana, hot tub and stamped concrete. Oversized gourmet kitchen with granite countertops and Brazilian hardwood flooring. Upstairs features master bedroom with dream ensuite and 2 other bedrooms. Downstairs offers your own gym, recroom, bedroom and a self-contained 1 bedroom suite. Detached garage and a resort quality 17 by 36 pool 27 by 20 cabana with covered bar and hot tub seeing is believing this magnificent property. 72nd ave. west is quiet and no through street only traffic is neighbors to the west.


#1 ) Address:3343 HAZEL AV, Burke Mountain, Coquitlam

January 16, 2010 V804232 $2,190,000 $0 0%
April 22, 2010 V804232 $1,875,000 $-315,000 -14%
August 27, 2010 V804232 removed after 223 days
November 07, 2010 V857706 $1,875,000 $-315,000 -14%
July 15, 2011 V857706 $2,400,000 $0 0%
October 13, 2011 V857706 removed after 340 days
March 16, 2013 V995880 $6,800,000 $0 0%
March 27, 2013 V995880 $3,800,000 $-3,000,000 -44%
August 24, 2013 V995880 removed after 161 days
September 18, 2013 V1027536 $2,980,000 $-3,820,000 -56%

v1027536_1

Current Days on Market: 189 (0.52years)
Current ‘Official’ Days on Market: 3
2012 Assessment: $2,110,900
Desperation Score: 38.1

Just under 5 acres located within proposed Hazel Creek/Harper Road neighbourhood plan at the north end of Burke Mountain. 161′ x 1267′ lot with solid old-time home currently rented for $1500/month. Fewer and fewer wholesale landbank opportunities available, great holding property with enormous potential!


#1 ) Address:5015 FENTON DR, Hawthorne, Ladner

July 28, 2012 V964172 $1,249,000 $0 0%
October 16, 2012 V964172 $1,198,000 $-51,000 -4%
January 23, 2013 V964172 removed after 179 days
February 16, 2013 V991054 $1,128,000 $-121,000 -10%
April 07, 2013 V991054 $1,088,000 $-161,000 -13%
June 29, 2013 V991054 $999,000 $-250,000 -20%

v991054_1

Current Days on Market: 420 (1.15years)
Current ‘Official’ Days on Market: 217
2012 Assessment: $902,000
2011 Assessment: $904,000
Desperation Score: 24.5

Fantastic opportunity to own on one of Ladner’s most desirable streets. Well maintained 5 bedroom plus games executive family home with 4 bathrooms, 3 covered parking, dream kitchen, radiant heat, cat 5 wiring, high ceilings & much more. Situated on a large 7564 sf west exposed yard with covered patio and mature landscaping. Perfect home for entertaining. OPEN SUNDAY JUNE 23RD, 2:00 to 4:00pm


#1 ) Address:19792 1ST AV, Campbell Valley, Langley

February 04, 2012 F1202932 $3,880,000 $0 0%
March 09, 2012 F1202932 $3,688,000 $-192,000 -5%
August 31, 2012 F1202932 removed after 209 days
September 07, 2012 F1222358 $3,688,000 $-192,000 -5%
January 23, 2013 F1222358 $3,495,000 $-385,000 -10%
February 21, 2013 F1222358 removed after 167 days
February 24, 2013 F1304318 $3,395,000 $-485,000 -13%
June 02, 2013 F1304318 $2,998,000 $-882,000 -23%
July 13, 2013 F1304318 $2,799,000 $-1,081,000 -28%
August 15, 2013 F1304318 removed after 172 days
August 24, 2013 F1319862 $2,799,000 $-1,081,000 -28%

f1319862_1

Current Days on Market: 595 (1.63years)
Current ‘Official’ Days on Market: 28
2012 Assessment: $2,008,000
Desperation Score: 37.3

A spectacular home located in High Point Equestrian Estates, built with modern country accents incl., vaulted beamed ceiling & timber accents. Gorgeous open kitchen with huge island & extensive use of hardwood. Exquisite finishing touches in moldings & ceiling treatment. Molded concrete fireplace. Property includes outdoor pool, hot tub, gorgeous yard & covered outdoor cooking area. The huge lot has a view of North Shore lights & mountains. Spectacular staircase leads to 4 large bedrooms, each en suite with unique ceiling lines. Full basement w/media room, separate entry, rec rooms & bedrooms with bathroom. This amazing home was built by one of the area’s Premier builder & the finishing quality is outstanding.


#1 ) Address:20173 PATTERSON AV, Southwest Maple Ridge, Maple Ridge

January 23, 2011 V864997 $609,900 $0 0%
March 18, 2011 V864997 removed after 54 days
June 29, 2012 V959181 $819,900 $0 0%
August 02, 2012 V959181 $799,800 $-20,100 -2%
October 20, 2012 V959181 $769,000 $-50,900 -6%
December 15, 2012 V959181 $759,000 $-60,900 -7%
February 01, 2013 V959181 $739,900 $-80,000 -10%
February 05, 2013 V959181 $739,800 $-80,100 -10%
February 08, 2013 V959181 $739,700 $-80,200 -10%
February 25, 2013 V959181 removed after 241 days
February 28, 2013 V992803 $734,888 $-85,012 -10%
April 10, 2013 V992803 $699,900 $-120,000 -15%
June 11, 2013 V992803 $699,800 $-120,100 -15%
June 13, 2013 V992803 $699,200 $-120,700 -15%
June 15, 2013 V992803 $698,800 $-121,100 -15%
June 19, 2013 V992803 $698,660 $-121,240 -15%
June 20, 2013 V992803 $698,500 $-121,400 -15%
July 29, 2013 V992803 removed after 151 days
August 05, 2013 V1020521 $678,800 $-141,100 -17%
August 24, 2013 V1020521 $678,000 $-141,900 -17%

v1020521_1

Current Days on Market: 449 (1.23years)
Current ‘Official’ Days on Market: 47
2012 Assessment: $550,000
Desperation Score: 40.6

Stop the car you’ve landed on Boardwalk! Value, quality & style completely renovated 4 bedrooms (2 up) 3 bath home on prestigious Patterson Street on 1/2 acre lot in West Maple Ridge. Walk to West Coast Express & shopping. Minutes to golf courses & Golden Ears Bridge. Over $100,000 in quality renovation last year including every modern amenity but it’s on a huge lot. Spa-like master bath with heated floors & slate, granite & stainless “Chefs dream” kitchen, engineered scraped hardwood, low E windows, has electrical & plumbing, new fence, garage & more. Room for RV and build a shop or carriage house.


#1 ) Address:32921 14TH AV, Mission BC, Mission

June 12, 2009 F2912858 $495,000 $0 0%
June 25, 2009 F2912858 removed after 13 days
December 04, 2011 F1128776 $1,450,000 $0 0%
April 16, 2012 F1128776 $1,000,000 $-450,000 -31%
October 26, 2012 F1128776 $880,000 $-570,000 -39%
November 26, 2012 F1128776 removed after 358 days
November 28, 2012 F1228011 $799,000 $-651,000 -45%
January 17, 2013 F1228011 $749,000 $-701,000 -48%
May 21, 2013 F1228011 $699,000 $-751,000 -52%
June 15, 2013 F1228011 $650,000 $-800,000 -55%
August 09, 2013 F1228011 $579,000 $-871,000 -60%

f1228011_1

Current Days on Market: 657 (1.80years)
Current ‘Official’ Days on Market: 297
2012 Assessment: $442,000
Desperation Score: 49.2

1.47 acre property in central Mission. Approved for 23 townhomes. Complete with drawings, geotech, engineering and site plans. Present zone R558. New zone Mt40. Has had all approvals and district will sign off upon receipt of development fees.


#1 ) Address:715 14TH ST, West End, New Westminster

April 14, 2012 V943268 $1,298,000 $0 0%
August 23, 2012 V943268 removed after 131 days
June 07, 2013 V1011106 $1,238,000 $-60,000 -5%
July 25, 2013 V1011106 $1,188,000 $-110,000 -8%
August 30, 2013 V1011106 $1,138,000 $-160,000 -12%
September 10, 2013 V1011106 removed after 95 days
September 14, 2013 V1026785 $1,128,000 $-170,000 -13%

v1026785_1

Current Days on Market: 106 (0.29years)
Current ‘Official’ Days on Market: 7
2012 Assessment: Unknown
Desperation Score: 27.4

Beautiful 2 year home, in popular quiet West End neighbourhood in New Westminster. Built and lived in by reputable builder in popular West End offers 3 large bedrooms including large master suite, walk in closet and full en-suite up plusfully finished with extra bedroom down. Extensive use of granite and designer paint. Gourmet kitchen with stainless steel appliances, cabinetry and granite island. Patio off kitchen that can be enjoyed all year round. close to sky-train, schools, and parks and shopping. New home warranty 2-5-10 is in place. Nice level yard that opens to open parking pad for 2 more cars. Secured garage with parking for 2. An excellent family home. 2,678 square feet – Lot 32.98 x 131.98


#1 ) Address:11672 64A AV, Sunshine Hills/Woods, North Delta

April 14, 2012 F1209296 $788,000 $0 0%
May 15, 2012 F1209296 $749,000 $-39,000 -5%
August 17, 2012 F1209296 $709,000 $-79,000 -10%
September 20, 2012 F1209296 $695,000 $-93,000 -12%
September 26, 2012 F1209296 $680,000 $-108,000 -14%
October 26, 2012 F1209296 $670,000 $-118,000 -15%
November 11, 2012 F1209296 removed after 211 days
January 10, 2013 F1300477 $735,000 $-53,000 -7%
January 17, 2013 F1300477 $699,000 $-89,000 -11%
March 21, 2013 F1300477 $679,000 $-109,000 -14%
June 11, 2013 F1300477 $669,000 $-119,000 -15%
August 14, 2013 F1300477 $659,900 $-128,100 -16%
August 30, 2013 F1300477 removed after 232 days
September 07, 2013 F1320787 $659,900 $-128,100 -16%

f1320787_1

Current Days on Market: 525 (1.44years)
Current ‘Official’ Days on Market: 14
2012 Assessment: $555,600
Desperation Score: 30.6

RARE FIND.. Sunshine Hills, CUSTOM HI-END Reno’s. DREAM KITCHEN, custom designed cabinets, 6 stainless appl, granite counter. Bright and Spacious. Large Eating area. Extensive use of Crown Moulding, designer gas fireplace, built in hutch in dining. Great family home. 3 Bedrooms up. Master with Ensuite. Newly renovated bathrooms. Custom doors and hardware, insets in hallway to allow for custom artwork. Distressed Hardwood floors throughout main floors. Designer colors and lighting. 5 skylights. Media centre with hidden surround sound system. Custom gas fireplace and space for a 65″ TV. Guest bedroom, office, storage, bathroom, workshop, dble garage, laundry, RV parking, playhouse. Other areas =1239 sqft not included in total sqft.


#1 ) Address:9267 188TH ST, Port Kells, North Surrey

December 22, 2011 F1129462 $1,788,000 $0 0%
March 17, 2012 F1129462 removed after 86 days
May 29, 2012 F1213865 $1,399,000 $-389,000 -22%
July 24, 2012 F1213865 $1,150,000 $-638,000 -36%
August 24, 2012 F1213865 $1,089,000 $-699,000 -39%
October 25, 2012 F1213865 $1,069,000 $-719,000 -40%
January 08, 2013 F1213865 removed after 224 days
March 06, 2013 F1305016 $1,064,900 $-723,100 -40%
July 04, 2013 F1305016 removed after 120 days
July 08, 2013 F1316099 $949,000 $-839,000 -47%
August 13, 2013 F1316099 $899,900 $-888,100 -50%

f1316099_1

Current Days on Market: 639 (1.75years)
Current ‘Official’ Days on Market: 75
2012 Assessment: $1,101,000
2011 Assessment: $1,171,000
Desperation Score: 40.2

Private parklike estate residence. Well manicured landscaping, showing exceptionally well. Excellent holding property for future re-development. Easy school access. This home has excellent curb appeal. Shows reasonably well inside with only modest interior updates required. Wonderful! floor plan, Please allow 24 hours notice to view, and please do not walk onto property without an appointment.


#1 ) Address:2888 PANORAMA DR, Deep Cove, North Vancouver

July 11, 2010 V841549 $17,900,000 $0 0%
June 07, 2011 V841549 removed after 331 days
June 09, 2011 V892989 $14,900,000 $-3,000,000 -17%
November 01, 2011 V892989 $12,998,000 $-4,902,000 -27%
April 24, 2012 V892989 $10,998,000 $-6,902,000 -39%
August 22, 2012 V892989 $8,990,000 $-8,910,000 -50%
December 02, 2012 V892989 removed after 542 days
December 10, 2012 V982221 $8,990,000 $-8,910,000 -50%
March 23, 2013 V982221 $7,990,000 $-9,910,000 -55%
May 30, 2013 V982221 $7,498,000 $-10,402,000 -58%
September 04, 2013 V982221 $6,500,000 $-11,400,000 -64%

v982221_1

Current Days on Market: 1168 (3.20years)
Current ‘Official’ Days on Market: 285
2012 Assessment: $6,130,000
2011 Assessment: $5,947,000
Desperation Score: 41.5

This magnificent WF estate on over 1/2 acre above Indian Arm’s most dramatic cliff & rock formations. This res is wrapped in 270 degrees of coastline vws. Exquisitely crafted, taking 6 painstaking yrs to perfect offering 12,922 sqft w/milled beams, slate roof, crafted w’dwork, natural stone & hardw’ds, vaulted ceilings, timber & steel beam constr, stone FP’s, Chef’s kit w/breakfast bar, EA, adj FR, grand DR priv study. Kids paradise down w/custom I/D bsketb’ll ct, state-of-the-art theatre, fabulous billiard rm w/wet bar, games rm w/professional dart board & air hockey arena. Most incredible hidden passage to a Old World wine cellar & guest accomm. BBQ centre, manicured lawns/gardens & OD F/P. A stunning work of art!


#1 ) Address:14567 CHARLIER RD, North Meadows, Pitt Meadows

May 26, 2012 V952427 $3,488,000 $0 0%
July 04, 2012 V952427 $2,980,000 $-508,000 -15%
November 22, 2012 V952427 removed after 180 days
May 21, 2013 V1007695 $2,800,000 $-688,000 -20%
July 18, 2013 V1007695 $2,650,000 $-838,000 -24%
August 24, 2013 V1007695 $2,380,000 $-1,108,000 -32%

v1007695_1

Current Days on Market: 483 (1.32years)
Current ‘Official’ Days on Market: 123
2012 Assessment: Farm Land
Desperation Score: 32.8

Truly unbelievable home of over 5,800 sq ft sits on 5 manicured & gated acres along side the Pitt River. Chef kitchen with Thermador fridge, dble ovens, stainless steel 6 burner cooktop, Miele built in coffee maker, Fisher Paykel 2 drawer dishwasher, SS wine fridge, stunning Blackbird granite & glass tile backsplash, infloor radiant heat, travertine flooring, huge games rm with wet bar. All this on 5 acres with an in-ground pool complete with slide & diving board, waterfall feature in a beautiful pond, inground sprinklers, massive 4 car garage with direct access to 5 1/2 ft heated crawlspace to park the toys. YOU WILL NOT FIND A MORE IMPRESSIVE HOME IN PITT MEADOWS!! Call today for your private showing.


#1 ) Address:2424 KITCHENER AV, Woodland Acres, Port Coquitlam

June 22, 2012 V958055 $1,150,000 $0 0%
September 05, 2012 V958055 $1,025,000 $-125,000 -11%
December 31, 2012 V958055 removed after 192 days
January 27, 2013 V987525 $949,000 $-201,000 -17%
September 02, 2013 V987525 removed after 218 days
September 05, 2013 V1024973 $829,000 $-321,000 -28%

v1024973_1

Current Days on Market: 456 (1.25years)
Current ‘Official’ Days on Market: 16
2012 Assessment: $603,300
Desperation Score: 27.2

BUILDER ALERT-HOUSE PLUS 2 LOTS SUBDIVISION – NO REZONING REQUIRED in Woodland Acres – Two road frontages. (Zoned RS4 min lot 3260 sq/ft min frontage – 32.80ft – min depth 91.9ft). Walk to Elementary and Middle Schools and transit. Poco Trail and Coquitlam River just steps away. Close to all amenities, Coquitlam Centre,Douglas College, Resturants,LaFarge Lake.This post & beam was neglected – Now a great Fixer-Upper opportunity! House bones are solid, torch-on roof – commercial grade in 2003, super hot boiler in 2010. Massive 27 x 34 triple car garage. Interior to be stripped of all carpets with ceilings and walls sealed and primed with two coats.


#1 ) Address:8 KICKING HORSE WY, North Shore, Port Moody

June 19, 2012 V955882 $1,488,000 $0 0%
June 21, 2012 V955882 $1,458,000 $-30,000 -2%
July 06, 2012 V955882 $1,425,000 $-63,000 -4%
July 16, 2012 V955882 removed after 27 days
July 20, 2012 V962670 $1,395,000 $-93,000 -6%
July 27, 2012 V962670 $1,425,000 $-63,000 -4%
September 13, 2012 V962670 $1,395,000 $-93,000 -6%
September 20, 2012 V962670 $1,385,000 $-103,000 -7%
September 27, 2012 V962670 removed after 69 days
October 03, 2012 V974645 $1,380,000 $-108,000 -7%
December 19, 2012 V974645 removed after 77 days
February 15, 2013 V990854 $1,338,800 $-149,200 -10%
March 29, 2013 V990854 $1,298,800 $-189,200 -13%
April 30, 2013 V990854 $1,285,000 $-203,000 -14%
June 29, 2013 V990854 $1,269,900 $-218,100 -15%
July 18, 2013 V990854 $1,238,500 $-249,500 -17%
July 29, 2013 V990854 removed after 164 days
August 09, 2013 V1021485 $1,238,500 $-249,500 -17%
August 22, 2013 V1021485 $1,199,500 $-288,500 -19%

v1021485_1

Current Days on Market: 459 (1.26years)
Current ‘Official’ Days on Market: 43
2012 Assessment: Building Unfinished
Desperation Score: 46.6

Walk to the Beach & live in Luxury in this 2 year old 4,300 sqft 5 level split w/7 bedrooms + den & 7 baths (3 ensuites), includes a 3 bdrm legal suite w/great sound proofing & its own services. No expense spared w/high end quality finishing throughout. Enter the living room w/vaulted ceilings, floor to ceiling granite wall + gourmet kitchen w/quartz countertops, double Miele ovens & 6 burner gas stove. Radiant heated tiles throughout main floor and suite. Entertainment size stone patio off the kitchen. Master bdrm w/private balcony & 5 pce ensuite/spa. Balcony also off top floor media room. All this complete w/security system & cameras, heat pump & high efficiency furnace. Located in a cul-de-sac across from Old Orchard Park.


#1 ) Address:6940 NO 1 RD, Riverdale, Richmond

October 06, 2006 V611620 $599,000 $0 0%
January 01, 2007 V611620 removed after 87 days
March 16, 2007 V635573 $599,000 $0 0%
June 11, 2007 V635573 removed after 87 days
January 26, 2011 V865172 $799,000 $0 0%
February 09, 2011 V865172 $889,000 $0 0%
March 09, 2011 V865172 removed after 42 days
January 07, 2012 V923891 $1,878,000 $0 0%
February 15, 2012 V923891 $1,750,000 $-128,000 -7%
February 28, 2012 V923891 removed after 52 days
March 01, 2012 V934428 $1,699,000 $-179,000 -10%
May 29, 2012 V934428 $1,649,000 $-229,000 -12%
June 18, 2012 V934428 removed after 109 days
June 23, 2012 V958156 $1,548,880 $-329,120 -18%
July 12, 2012 V958156 $1,499,000 $-379,000 -20%
July 16, 2012 V958156 removed after 23 days
July 19, 2012 V962746 $1,448,000 $-430,000 -23%
January 18, 2013 V962746 removed after 183 days
February 28, 2013 V992753 $1,489,000 $-389,000 -21%
March 12, 2013 V992753 $1,368,000 $-510,000 -27%
March 25, 2013 V992753 removed after 25 days
May 02, 2013 V1004337 $1,479,000 $-399,000 -21%
May 30, 2013 V1004337 $1,418,800 $-459,200 -24%
June 19, 2013 V1004337 $1,389,800 $-488,200 -26%
September 10, 2013 V1004337 $1,369,000 $-509,000 -27%

v1004337_1

Current Days on Market: 623 (1.71years)
Current ‘Official’ Days on Market: 142
2012 Assessment: $1,642,000
2011 Assessment: Building Unfnished at time of assessment
Desperation Score: 43.3

Brand new luxury home at a very convenient west Richmond location. Over 3500 sq ft home, high-ceiling in living and family room, deluxe kitchen granite counter, stainless steel appliances, wok kitchen, tasteful colour scheme, engineered hardwood floors on the main and carpet upstairs, blinds throughout the house. 1 bedroom large legal suite, 4 ensuite bedrooms upstairs, 3 car garage, HRV, electric gate, the list goes on, come and tour the home.


#1 ) Address:5520 MCCOURT RD, Sechelt, Sunshine Coast

July 12, 2012 V961527 $1,700,000 $0 0%
August 04, 2012 V961527 $1,600,000 $-100,000 -6%
August 24, 2012 V961527 $1,500,000 $-200,000 -12%
September 27, 2012 V961527 $1,400,000 $-300,000 -18%
October 26, 2012 V961527 $1,300,000 $-400,000 -24%
February 13, 2013 V961527 $1,200,000 $-500,000 -29%
March 20, 2013 V961527 $1,100,000 $-600,000 -35%
April 25, 2013 V961527 $998,000 $-702,000 -41%

v961527_1

Current Days on Market: 436 (1.19years)
Current ‘Official’ Days on Market: 436
2012 Assessment: Unknown
Desperation Score: 39.5

Beautiful view property in West Sechelt. The remaining 2.1 acres of ocean view, looking south to the Trail Islands, could accommodate 40 more condo/apartment homes. Zoning approved for 48 units of which 8 have been built and sold in Phase One. (90% of the underground services are in place).


#1 ) Address:9834 160TH ST, Fleetwood Tynehead, Surrey

November 21, 2008 F2832291 $1,190,000 $0 0%
March 01, 2009 F2832291 removed after 100 days
October 03, 2009 F2922454 $1,200,000 $0 0%
January 03, 2010 F2922454 removed after 92 days
April 07, 2010 F1009069 $985,000 $-215,000 -18%
June 28, 2010 F1009069 removed after 82 days
July 15, 2010 F1019477 $899,888 $-300,112 -25%
October 12, 2010 F1019477 removed after 89 days
February 15, 2011 F1103744 $899,000 $-301,000 -25%
May 02, 2011 F1103744 removed after 76 days
June 10, 2011 F1114970 $829,900 $-370,100 -31%
December 02, 2011 F1114970 removed after 175 days
February 04, 2012 F1202925 $785,000 $-415,000 -35%
June 30, 2012 F1202925 removed after 147 days
September 08, 2012 F1222441 $785,000 $-415,000 -35%
March 05, 2013 F1222441 removed after 178 days
March 21, 2013 F1306524 $729,000 $-471,000 -39%
May 30, 2013 F1306524 removed after 70 days
June 24, 2013 F1314951 $685,000 $-515,000 -43%
July 27, 2013 F1314951 $649,900 $-550,100 -46%
August 29, 2013 F1314951 $635,000 $-565,000 -47%

f1314951_1

Current Days on Market: 1449 (3.97years)
Current ‘Official’ Days on Market: 89
2012 Assessment: $713,800
2011 Assessment: $681,800
Desperation Score: 31.3

BRING THE WHOLE FAMILY – THE DOG-THE RV-ALL YOUR ‘TOYS’ – This one plus acre is the perfect place to raise the family – Lots of room to build a workshop for hobbies – inside has extra large kitchen – white cupboards -ss fridge and stove – look out the full kitchen window and view nature! Family size eating area – Formal Dining room – Extra spacious living room with corner gas fireplace – Enjoy BBQ with friends and family on the 30 x 10 deck overlooking the private backyard – There is a bedroom on the main floor and 3 more on the upper floor. Master Bedroom is huge – with a 19 Ft 6 inch x 6Ft 10 inch main area and another 10’6 inch x 9’3 inch area for the bed, sitting area, or desk. There is a 6’9 x 6’3 deck off the master bedroom. This is your opportunity to own enjoy country living in the city. Fisheries Protected Creek runs through part of back yard.


#1 ) Address:852 TSAWWASSEN BEACH RD, English Bluff, Tsawwassen

May 07, 2012 V948196 $1,850,000 $0 0%
August 10, 2012 V948196 removed after 95 days
September 16, 2012 V971894 $1,730,000 $-120,000 -6%
November 03, 2012 V971894 $1,599,000 $-251,000 -14%
February 08, 2013 V971894 $1,850,000 $0 0%
February 13, 2013 V971894 $1,580,000 $-270,000 -15%
May 30, 2013 V971894 $1,420,000 $-430,000 -23%
August 24, 2013 V971894 removed after 342 days
August 30, 2013 V1024449 $1,390,000 $-460,000 -25%

v1024449_1

Current Days on Market: 502 (1.38years)
Current ‘Official’ Days on Market: 22
2012 Assessment: $1,517,000
2011 Assessment: $1,521,000
Desperation Score: 36.9

On a level lot, this original owner home is one of nineteen ocean front homes in a gated prestigious community in English Bluff. Enjoy the spectacular unobstructed views of the Gulf Islands and the Strait of Georgia from a spacious livingroom which features a two story 23′ ft. vaulted ceiling. Relax in the hot tub and enjoy the blossoms and fragrances of the lovingly cared for rose garden. Great value for 49 feet of direct beach front access. Taxes are fixed to the Delta Mill Rate.


#1 ) Address:6835 VIVIAN ST, Killarney, Vancouver East

October 06, 2006 V612050 $768,000 $0 0%
January 01, 2007 V612050 removed after 87 days
April 14, 2007 V640685 $755,000 $-13,000 -2%
May 04, 2007 V640685 removed after 20 days
February 01, 2013 V988238 $2,568,000 $0 0%
June 04, 2013 V988238 removed after 123 days
June 07, 2013 V1011298 $2,380,000 $-188,000 -7%
July 27, 2013 V1011298 $2,258,000 $-310,000 -12%
August 28, 2013 V1011298 $2,088,000 $-480,000 -19%
September 18, 2013 V1011298 $1,999,800 $-568,200 -22%

v1011298_1

Current Days on Market: 232 (0.64years)
Current ‘Official’ Days on Market: 106
2012 Assessment: $1,869,000
2011 Assessment: $1,837,000
Desperation Score: 36.0

Quality custom built home in Prime Killarney area! Lot 55×130, over 4000 sf living space with 3 levels. House features 10 ft high ceiling, Brazilian cherry wood flooring, HRV, air conditioning, 40×16 huge sun deck with cover, wok kitchen, 10 skylights, speaker sound system, home theatre with equipment, heavy duty stainless steel appliances, two bedrooms suites basement plus one bedroom suite potential, totals of 4 parking spots with sliding gate at back and more…


#1 ) Address:5726 ANGUS DR, South Granville, Vancouver West

April 03, 2010 V819583 $1,999,000 $0 0%
April 27, 2010 V819583 $1,799,000 $-200,000 -10%
June 29, 2010 V819583 removed after 87 days
August 22, 2010 V846838 $1,698,000 $-301,000 -15%
November 19, 2010 V846838 removed after 89 days
November 21, 2012 V980736 $2,888,000 $0 0%
February 21, 2013 V980736 $2,688,000 $-200,000 -7%
March 12, 2013 V980736 removed after 111 days
March 21, 2013 V996799 $1,999,000 $-889,000 -31%
March 27, 2013 V996799 $2,788,000 $-100,000 -3%
March 29, 2013 V996799 $2,288,000 $-600,000 -21%
May 30, 2013 V996799 $2,180,000 $-708,000 -25%
June 19, 2013 V996799 removed after 90 days
June 30, 2013 V1015264 $2,128,000 $-760,000 -26%

v1015264_1

Current Days on Market: 304 (0.83years)
Current ‘Official’ Days on Market: 83
2012 Assessment: $2,019,000
2011 Assessment: $2,167,000
Desperation Score: 45.1

Investor Special: Super low price! Fabulous 9588 sqf (75.5′ x 127′)lot, RS3 Zoning in the heart of Vancouver – South Granville – One of the Best neighbourhoods surrounded by Parks & tree-lined streets. Walking distance to shopping, banks, restaurants, cafes, transit. Excellent rental income potential or rebuild your own house. Priced as Land Vaule only. House is a bonus! At the corner of Angus & 41st Ave. Schools: Maple Grove Elementary, Magee Secondary. It will be “sold as is where is”. Call to buy now!


#1 ) Address:3460 ROCKVIEW PL, Westmount, West Vancouver

November 22, 2006 V621930 $3,900,000 $0 0%
November 22, 2006 V621930 removed after 0 days
May 16, 2012 V950371 $12,888,000 $0 0%
December 01, 2012 V950371 removed after 199 days
April 10, 2013 V999887 $10,498,000 $-2,390,000 -19%
May 04, 2013 V999887 $9,980,000 $-2,908,000 -23%
August 29, 2013 V999887 $8,980,000 $-3,908,000 -30%
September 05, 2013 V999887 removed after 148 days
September 07, 2013 V1025679 $5,900,000 $-6,988,000 -54%

v1025679_1

Current Days on Market: 493 (1.35years)
Current ‘Official’ Days on Market: 14
2012 Assessment: $4,057,000
Desperation Score: 53.6

Magnificent contemorary residence with a truly unobstructed City & Ocean view. Completely redesigned & re-built. This sensational family residence offers large open rooms with high ceilings & floor-to ceiling windows creating a spectacularindoor-outdoor lifestyle featueing a stunning designer kitchen & top floor master suite that is incredible. All opening onto private gardens, terraces & a gorgeous swimming pool.


#1 ) Address:7476 PROSPECT ST, Pemberton, Whistler/Pemberton

March 09, 2012 V887949 $955,000 $0 0%
May 03, 2012 V887949 $899,000 $-56,000 -6%
August 25, 2012 V887949 $817,000 $-138,000 -14%
September 26, 2012 V887949 $783,500 $-171,500 -18%
March 08, 2013 V887949 $699,000 $-256,000 -27%
May 25, 2013 V887949 removed after 442 days
June 02, 2013 V1010347 $650,000 $-305,000 -32%
July 18, 2013 V1010347 removed after 46 days
August 27, 2013 V1023937 $650,000 $-305,000 -32%

v1023937_1

Current Days on Market: 561 (1.54years)
Current ‘Official’ Days on Market: 25
2012 Assessment: Farm Land
Desperation Score: 28.8

Large 3 Bedroom Log Home on 20 acres in the Pemberton ALR and within walking distance to the Village of Pemberton.Outstanding panoramic Mountain Views. Custom features throughout including clay tile and hardwood flooring with woodaccentrailings. Kitchen is an entertainer’s dream with bar seating. Great family home or business venture asproperty is currently operating as equestrian ranch with its expansive view, pastures and wetlands. The is also a 1 bedroom650 sqft guest/rental suite located below as an additional mortgage helper. Priced to sell, incredible value.


#1 ) Address:# 2003 15152 RUSSELL AV, White Rock, White Rock

July 01, 2007 F2716832 $1,595,900 $0 0%
August 28, 2007 F2716832 removed after 58 days
September 01, 2012 F1221857 $1,758,000 $0 0%
October 23, 2012 F1221857 $1,668,000 $-90,000 -5%
April 24, 2013 F1221857 $1,598,000 $-160,000 -9%
May 01, 2013 F1221857 removed after 242 days
May 04, 2013 F1310230 $1,598,000 $-160,000 -9%
June 28, 2013 F1310230 $1,528,000 $-230,000 -13%
July 23, 2013 F1310230 removed after 80 days
July 27, 2013 F1317764 $1,518,000 $-240,000 -14%
August 24, 2013 F1317764 $1,448,000 $-310,000 -18%

f1317764_1

Current Days on Market: 385 (1.05years)
Current ‘Official’ Days on Market: 56
2012 Assessment: $1,528,000
2011 Assessment: $1,531,000
Desperation Score: 33.5

MIRAMAR. Outstanding Sub-Penthouse in solid Bosa built White Rock high-rise. Enjoy fabulous ocean & mountain views to the North, South, East & West – sunrise and sunset. Meticulously maintained and upgraded by original owner with hardwood floors, marble, sound & lighting system, Thermador & Miele appliances. Other features include Built in Cappuccino Machine, A/C, Heat Pump, Gas BBQ hookup, 2 lockers & 2 parking. This property also boasts high security features, 365 days a year caretaker, amenity room & guest suite. 1 Pet allowed with restrictions. No Rentals. You will love living in this central White Rock location.


#1 ) Address:40334 GARIBALDI WY, Squamish, Squamish

November 09, 2012 V979712 $539,900 $0 0%
November 23, 2012 V979712 $519,000 $-20,900 -4%
January 11, 2013 V979712 $499,000 $-40,900 -8%
February 21, 2013 V979712 $479,000 $-60,900 -11%
April 26, 2013 V979712 $449,000 $-90,900 -17%
May 07, 2013 V979712 removed after 179 days
June 02, 2013 V1010283 $459,900 $-80,000 -15%
August 14, 2013 V1010283 $449,000 $-90,900 -17%
September 02, 2013 V1010283 $434,000 $-105,900 -20%

v1010283_1

Current Days on Market: 316 (0.87years)
Current ‘Official’ Days on Market: 111
2012 Assessment: $408,000
Desperation Score: 24.2

Garibaldi Estates…the subdivision where everything is just a short walk away. Shopping, school, transportation, recreation…all within reach. Well built home with 3 bedrooms up and 4th bedroom down, 2 full baths. Private hedged yard. Garage and lots of storage space. This is a wonderful family home on a terrific private lot in a great location! ALL OFFERS SUBJECT TO COURT APPROVAL.

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Desperation Meter – April 3, 2013

Here are the top 20 most desperate properties.  The formula attempts to determine the level of desperation for a particular home by looking at price drops and relistings and weighting them based on the size of the drop and how recently it happened.  The number in brackets after the address shows the previous ranking from 3 weeks ago

  • White Rock tops the list again with 4 (and a 5th in 21st spot), West Vancouver and Vancouver West have 3 each and Coquitlam, Burnaby and Surrey each have 2
  • 6 of the homes on the list are new builds
  • 9 of the 19 homes with assessment data are currently priced under assessment

By the way, 200th post!  Wow that happened fast!

#20 ) Address:2885 WOODSIA PL, Westwood Plateau, Coquitlam (not ranked)

April 28, 2010 V825729 $948,000 $0 0%
June 13, 2010 V825729 $868,000 $-80,000 -8%
August 06, 2010 V825729 $838,000 $-110,000 -12%
November 09, 2010 V825729 removed after 195 days
February 10, 2011 V868373 $825,000 $-123,000 -13%
April 28, 2011 V868373 removed after 77 days
February 29, 2012 V933957 $821,000 $-127,000 -13%
March 24, 2012 V933957 $809,000 $-139,000 -15%
May 12, 2012 V933957 $799,900 $-148,100 -16%
May 25, 2012 V933957 $789,000 $-159,000 -17%
June 26, 2012 V933957 $779,000 $-169,000 -18%
July 25, 2012 V933957 $769,000 $-179,000 -19%
August 23, 2012 V933957 removed after 176 days
August 30, 2012 V968578 $755,000 $-193,000 -20%
October 02, 2012 V968578 $745,000 $-203,000 -21%
October 30, 2012 V968578 $735,000 $-213,000 -22%
November 27, 2012 V968578 removed after 89 days
December 01, 2012 V981656 $719,000 $-229,000 -24%
January 03, 2013 V981656 $699,900 $-248,100 -26%
February 07, 2013 V981656 $689,900 $-258,100 -27%
February 26, 2013 V981656 removed after 87 days
March 01, 2013 V993200 $689,900 $-258,100 -27%
March 23, 2013 V993200 $679,900 $-268,100 -28%

v993200_1

Current Days on Market: 401 (1.10years)
Current ‘Official’ Days on Market: 35
2012 Assessment: $794,000
Desperation Score: 39.0

Over 4,000 sqft home on a quiet cul-de-sac. Loads of upgrades and expensive granite work in the kitchen. Grand foyer featuring high ceilings and an elegant stairways leading to the upper floor. Many features including granite countertops, formal dining room, family room and room for the kids play area. Upstairs are 3 large bedrooms with a huge master complete with walk-in closet and a 5 piece ensuite. Downstairs is everything the playful family could want with a media room, exercise room, games room and another bedroom if you require it.


#19 ) Address:420 N OXLEY ST, West Bay, West Vancouver (unlisted)

August 30, 2007 V665861 $1,695,000 $0 0%
November 01, 2007 V665861 $1,639,000 $-56,000 -3%
April 12, 2008 V665861 $1,595,000 $-100,000 -6%
July 01, 2008 V665861 removed after 306 days
October 22, 2008 V740232 $1,395,000 $-300,000 -18%
March 03, 2009 V740232 $1,249,000 $-446,000 -26%
April 27, 2009 V740232 removed after 187 days
December 08, 2011 V921903 $4,840,000 $0 0%
April 23, 2012 V921903 $4,498,000 $-342,000 -7%
June 08, 2012 V921903 removed after 183 days
June 13, 2012 V956135 $3,999,000 $-841,000 -17%
October 22, 2012 V956135 removed after 131 days
October 25, 2012 V977860 $3,488,000 $-1,352,000 -28%
January 11, 2013 V977860 removed after 78 days
March 29, 2013 V998134 $2,999,888 $-1,840,112 -38%

v998134_1

Current Days on Market: 484 (1.33years)
Current ‘Official’ Days on Market: 7
2012 Assessment: $2,026,000
2011 Assessment: $1,855,000
Desperation Score: 39.2

Originally listed for 170% OVER assessment and now down 38% and $1.8 million but still 40% OVER assessment!

One of a kind~ 3 level 4 bed/3 bath/5 decks rebuilt West Coast contemporary home. Stunning details in every room of this unique house. This zen oasis boasts ocean views from almost every angle, professional landscape design with a private sitting area over Cave Creek. Elite gourmet kitchen with Bosch appliances, Caesarstone quartz countertops & custom cabinetry. Premium site finished oak floors, Radiant heat Italian tile in baths & throughout lower floor. 3 linear burn Marquis Collection fireplaces, spa-inspired ensuite, Rinnai tankless on-demand hot water system, Trane forced air furnace & heat pump, Extensive use of Hunter Douglas shades & California Closets, fully wired. You need to experience this home! By appointment only.


#18) Address:1136 DEVONSHIRE CR, Shaughnessy, Vancouver West (unlisted)

October 10, 2009 V792358 $2,150,000 $0 0%
January 03, 2010 V792358 removed after 85 days
March 07, 2010 V813507 $1,980,000 $-170,000 -8%
April 20, 2010 V813507 removed after 44 days
April 24, 2010 V824775 $1,798,000 $-352,000 -16%
May 26, 2010 V824775 removed after 32 days
August 20, 2011 V905968 $2,980,000 $0 0%
August 31, 2011 V905968 $2,850,000 $-130,000 -4%
October 17, 2011 V905968 removed after 58 days
October 20, 2011 V916490 $2,690,000 $-290,000 -10%
November 04, 2011 V916490 $2,980,000 $0 0%
February 22, 2012 V916490 $2,690,000 $-290,000 -10%
March 02, 2012 V916490 removed after 134 days
March 08, 2012 V935909 $2,480,000 $-500,000 -17%
April 18, 2012 V935909 removed after 41 days
September 22, 2012 V972802 $2,990,000 $0 0%
October 17, 2012 V972802 $2,880,000 $-110,000 -4%
January 28, 2013 V972802 removed after 128 days
February 01, 2013 V988156 $2,780,000 $-210,000 -7%
March 13, 2013 V988156 removed after 40 days
March 21, 2013 V996792 $2,680,000 $-310,000 -10%

v996792_1

Current Days on Market: 354 (0.97 years)
Current ‘Official’ Days on Market: 15
2012 Assessment: $2,395,000
2011 Assessment: $2,436,000

Last Sale: $2,450,000 on Apr 20, 2012

Total Profit IF sold for list price: 132,640 transaction costs and 230,000 profit on sale = PROFIT of $97,360
Desperation Score: 39.5

Purchased in April 2012 for $2.45 million and relisted 5 months later for $540K more…  I dug up the old listing and the renovations had already happened.  Best part of the previous listing was this comment in the description “WELL PRICED AND BE HURRY!”.  These flippers are in for a substantial loss

LOCATION, LOCATION. Charming character home in Shaughnessy area. Tastefully updated with new wood flooring & carpet. Designer cabinets in the foyer & dining area, stainless steel appliances. New kitchen, new bathrooms, designer paint. Gourmet kitchen with spacious eating area, skylights, sunroom, etc. North facing lot on quiet tree-lined street & southern exposure backyard. All measurements are approximate, buyer to verify if important.


#17 ) Address:13011 250TH ST, Websters Corner, Maple Ridge (unlisted)

February 05, 2011 V867510 $739,000 $0 0%
May 01, 2011 V867510 removed after 85 days
May 06, 2011 V886416 $699,000 $-40,000 -5%
September 01, 2011 V886416 removed after 118 days
September 23, 2011 V911968 $669,000 $-70,000 -9%
January 31, 2012 V911968 $639,000 $-100,000 -14%
March 06, 2012 V911968 $629,900 $-109,100 -15%
June 13, 2012 V911968 $599,900 $-139,100 -19%
September 01, 2012 V911968 removed after 344 days
September 13, 2012 V970862 $599,000 $-140,000 -19%
September 27, 2012 V970862 removed after 14 days
September 29, 2012 V974231 $549,900 $-189,100 -26%
October 18, 2012 V974231 $509,900 $-229,100 -31%
November 01, 2012 V974231 $494,900 $-244,100 -33%
November 17, 2012 V974231 $489,900 $-249,100 -34%
December 28, 2012 V974231 removed after 90 days
March 27, 2013 V997631 $409,900 $-329,100 -45%

v997631_1

Current Days on Market: 790 (2.16years)
Current ‘Official’ Days on Market: 9
2012 Assessment: $525,000
2011 Assessment: $537,000
Desperation Score: 39.7

“Court Ordered Sale”, “no room bo build”, “Currently occupant has 2 large DOGS!! Do NOT go or walk on property without appointment!   Over 20% BELOW assessment and has been listed for over 2 years

Court Ordered Sale – Alouette Estates. 1.77 acre property backing directly on steep ravine, cree, & forest. 15 yr old, 2 storey home featuring 4 bedrooms plus family room up, located on quiet C-D-S. Home floor plan is extremely narrow & requires updating throughout. 77,406 square foot lot, but only 8000 square foot building platform. Absolutely no room bo build larger home, shop or out buildings. Currently occupant has 2 large DOGS!! Do NOT go or walk on property without appointment from listing realtor. Property is SOLD on ‘as is, where is’ basis.


#16 ) Address:# 402 15164 PROSPECT AV, White Rock, White Rock (not ranked)

June 21, 2008 F2818600 $1,590,000 $0 0%
December 20, 2008 F2818600 removed after 182 days
February 27, 2009 F2903896 $1,275,000 $-315,000 -20%
August 18, 2009 F2903896 $1,175,000 $-415,000 -26%
January 03, 2010 F2903896 removed after 310 days
January 08, 2010 F1000373 $1,175,000 $-415,000 -26%
May 30, 2010 F1000373 removed after 142 days
April 14, 2011 F1109675 $1,249,000 $-341,000 -21%
June 03, 2011 F1109675 $1,179,000 $-411,000 -26%
September 29, 2011 F1109675 removed after 168 days
October 01, 2011 F1124483 $1,129,000 $-461,000 -29%
March 31, 2012 F1124483 removed after 182 days
August 21, 2012 F1221152 $927,900 $-662,100 -42%
September 21, 2012 F1221152 $911,900 $-678,100 -43%
October 24, 2012 F1221152 $889,900 $-700,100 -44%
November 15, 2012 F1221152 removed after 86 days
November 22, 2012 F1227769 $879,900 $-710,100 -45%
December 13, 2012 F1227769 $867,900 $-722,100 -45%
January 18, 2013 F1227769 $842,900 $-747,100 -47%
February 15, 2013 F1227769 $832,900 $-757,100 -48%
March 19, 2013 F1227769 $815,900 $-774,100 -49%

f1227769_1

Current Days on Market: 722 (1.98years)
Current ‘Official’ Days on Market: 134
2012 Assessment: $1,029,000
2011 Assessment: $1,052,000
Desperation Score: 40.2

Another home about to reach its second birthday in days on market and over 20% BELOW assessment after 49% in price cuts

Waterford Penthouse! An opportunity to enjoy south facing ocean view from this one of a kind 2000 + sqft, 3 bedroom/3 bath + den unit in concrete & steel framed condo. Bright & spacious open design featuring hardwood floors, kitchen custom stained cabinets, center work island, stainless steel appliances, granite counters, 2 fireplaces, 3 balconies affords views of Mt.Baker and ocean. Economical heating + A/C with individual heat pump, 2 parking + locker. Conveniently located, close to shops and transit. A perfect place to call home.


#15 ) Address:2688 CRESCENT DR, Crescent Beach/Ocean Park, White Rock (was #14)

June 21, 2008 F2818635 $1,799,500 $0 0%
August 12, 2008 F2818635 $1,689,500 $-110,000 -6%
October 09, 2008 F2818635 $1,629,500 $-170,000 -9%
November 17, 2008 F2818635 removed after 149 days
March 11, 2009 F2904712 $1,388,000 $-411,500 -23%
May 06, 2009 F2904712 $1,299,000 $-500,500 -28%
August 04, 2009 F2904712 removed after 146 days
July 20, 2012 F1218804 $2,488,000 $0 0%
August 01, 2012 F1218804 $2,399,000 $-89,000 -4%
August 11, 2012 F1218804 $2,380,000 $-108,000 -4%
September 21, 2012 F1218804 $2,188,000 $-300,000 -12%
October 19, 2012 F1218804 $2,088,000 $-400,000 -16%
October 26, 2012 F1218804 $1,998,000 $-490,000 -20%
November 15, 2012 F1218804 $2,148,000 $-340,000 -14%
February 19, 2013 F1218804 $2,088,000 $-400,000 -16%
February 28, 2013 F1218804 $1,998,000 $-490,000 -20%

f1218804_1

Current Days on Market: 259 (0.71years)
Current ‘Official’ Days on Market: 259
2012 Assessment: $1,734,000
2011 Assessment: $1,654,000
Desperation Score: 40.3

Tried playing some yo-yo pricing games to no avail

CRESCENT HEIGHTS. Gated estate on 29,272 sqft lot. Charming home w/ 2 stoerys & full basement – 5,624 sqft. 4 beds all w/ walk-in closets, 4 baths, den & games room. Quality finishing’s hardwood floors, stain glass windows & more. Recent updates to kitchen w/cherry wood cabinets, stainless app., granite, plus large eating area overlooking backyard. Master suite w/sitting room & f/p. Full bsmt, partially finished w/separate entry, bdrm, bathrm & games – unfinished area for gym, wine cellar, etc. Private Southeast yard w/ pool, courtyard & beautiful gardens. Other updates include roof w/European gutters, downpipes & gutter box’s. One of the Peninsula’s best kept secrets “Crescent Drive” perched above Crescent Beach.


#14 ) Address:5411 MYTKO CR, Lackner, Richmond (was #12)

January 28, 2012 V928193 $1,238,000 $0 0%
February 21, 2012 V928193 $1,188,000 $-50,000 -4%
February 29, 2012 V928193 removed after 32 days
March 08, 2012 V935980 $1,198,000 $-40,000 -3%
April 19, 2012 V935980 removed after 42 days
April 26, 2012 V945523 $1,188,000 $-50,000 -4%
May 08, 2012 V945523 $1,098,000 $-140,000 -11%
June 21, 2012 V945523 removed after 56 days
June 30, 2012 V959431 $1,098,000 $-140,000 -11%
September 20, 2012 V959431 removed after 82 days
September 26, 2012 V973277 $1,088,000 $-150,000 -12%
October 31, 2012 V973277 $1,038,000 $-200,000 -16%
January 16, 2013 V973277 removed after 112 days
January 18, 2013 V985725 $998,000 $-240,000 -19%
March 12, 2013 V985725 $949,000 $-289,000 -23%

v985725_1

Current Days on Market: 433 (1.19years)
Current ‘Official’ Days on Market: 77
2012 Assessment: $884,000
2011 Assessment: $900,000
Desperation Score: 40.8

“Priced to sell.” – a Richmond home listed for over assessment is generally not considered Priced to Sell…

Beautiful 5 bdrm home in Lackner area. Extensively renovated & well cared for by the owner. Designer paints, crystal chandeliers, S/S appliances, gourmet kitchen, new roof are just some of the features. Awesome floor plan on the main includes entertaining-sized family room, formal living & dining rooms & the 5th bedroom which can be an office or a den. 4 huge bedrooms upstairs. Nicely landscaped West exposed backyard with gated fence, easy access to public transit. Walking distance to Jessie Wowk Elem & Richmond Christian School. Double garage plus 2 parking space. Priced to sell. Just move in & enjoy. Open house Sunday, March 24th 2-4pm.


#13 ) Address:2 GROSVENOR AV, Capitol Hill, Burnaby (was #13)

August 30, 2012 V968525 $1,295,000 $0 0%
September 20, 2012 V968525 $1,195,000 $-100,000 -8%
November 03, 2012 V968525 $1,098,000 $-197,000 -15%
November 28, 2012 V968525 removed after 90 days
December 01, 2012 V981659 $1,098,000 $-197,000 -15%
February 01, 2013 V981659 removed after 62 days
February 28, 2013 V992684 $1,095,000 $-200,000 -15%
March 07, 2013 V992684 $1,045,000 $-250,000 -19%
March 13, 2013 V992684 $999,900 $-295,100 -23%

v992684_1

Current Days on Market: 218 (0.60years)
Current ‘Official’ Days on Market: 36
2012 Assessment: $1,027,000
Desperation Score: 41.3

Another new build, this one down 23% and almost $300K in 6 months.  I love the text in the front picture which tries to sell that there is a fire hydrant immediately in front of the house which would save so much on property insurance!  Surprised they don’t mention the safety benefits of the stop sign…  

Commentor youtoldus.so added “Reality is that that owner or guests can’t park in front of the house. Also note high voltage overhead power lines for easy access to electricity.” and Landbaron added “One of the pictures even says “new pole going in”…..even closer to the house now, sweet!”

CAPITOL HILL VIEW CORNER LOT built in 2012! This custom 2 storey with basement (& crawl) family home has 4 bedrooms & 3 bathrooms upstairs, plus a bedroom & spacious room for inlaws in the basement; with their own entrance. Den on main great for home office. Deluxe Bosch S/S appliances, granite counters, tile, two F/P’s plus heated floors for cozy warmth. Detached garage with lane access. Comes with balance of 2-5-10 warranty.


#12 ) Address:5968 MARINE DR, Eagleridge, West Vancouver (was #7)

October 26, 2011 V917255 $9,800,000 $0 0%
November 15, 2011 V917255 $8,900,000 $-900,000 -9%
February 01, 2012 V917255 $8,550,000 $-1,250,000 -13%
March 31, 2012 V917255 removed after 157 days
April 05, 2012 V941399 $7,900,000 $-1,900,000 -19%
July 09, 2012 V941399 removed after 95 days
July 13, 2012 V961757 $7,200,000 $-2,600,000 -27%
August 22, 2012 V961757 $6,900,000 $-2,900,000 -30%
January 10, 2013 V961757 removed after 181 days
January 17, 2013 V985358 $6,900,000 $-2,900,000 -30%
February 20, 2013 V985358 removed after 34 days
February 28, 2013 V992869 $5,980,000 $-3,820,000 -39%

v992869_1

Current Days on Market: 527 (1.44years)
Current ‘Official’ Days on Market: 36
2012 Assessment: $4,686,000
Desperation Score: 43.4

Almost $4 million in price drops and still 30% OVER assessment!

Magnificent Waterfront Luxury Home with spectacular Ocean and Island views and private oceanside terraces…Exceptional quality and design with many luxury appointments including gourmet kitchen, large Master Suite, three additionalbedroom suites, media room, wine room, elevator and covered outdoor heated sitting area with fireplace and hot tub…


#11 ) Address:14058 KING RD, Bolivar Heights, North Surrey (not ranked)

October 06, 2006 F2621883 $299,900 $0 0%
November 10, 2006 F2621883 removed after 35 days
March 16, 2007 F2706058 $299,000 $-900 0%
June 08, 2007 F2706058 removed after 84 days
July 14, 2007 F2718253 $289,000 $-10,900 -4%
November 10, 2007 F2718253 $269,000 $-30,900 -10%
March 12, 2008 F2718253 $264,000 $-35,900 -12%
July 01, 2008 F2718253 removed after 353 days
July 22, 2008 F2821958 $264,000 $-35,900 -12%
October 31, 2008 F2821958 removed after 101 days
January 16, 2009 F2900788 $260,000 $-39,900 -13%
March 11, 2009 F2900788 removed after 54 days
May 05, 2009 F2907898 $260,000 $-39,900 -13%
January 03, 2010 F2907898 removed after 243 days
January 13, 2010 F1000852 $255,000 $-44,900 -15%
February 08, 2010 F1000852 removed after 26 days
April 18, 2010 F1010467 $270,000 $-29,900 -10%
May 12, 2010 F1010467 $257,000 $-42,900 -14%
May 30, 2010 F1010467 removed after 42 days
June 13, 2010 F1016128 $269,000 $-30,900 -10%
June 16, 2010 F1016128 removed after 3 days
June 22, 2010 F1017696 $259,900 $-40,000 -13%
July 22, 2010 F1017696 $254,900 $-45,000 -15%
November 01, 2010 F1017696 removed after 132 days
January 25, 2011 F1101800 $250,000 $-49,900 -17%
April 29, 2011 F1101800 removed after 94 days
May 25, 2012 F1213537 $1,230,000 $0 0%
June 23, 2012 F1213537 $998,875 $-231,125 -19%
July 16, 2012 F1213537 removed after 52 days
August 11, 2012 F1220515 $985,000 $-245,000 -20%
November 23, 2012 F1220515 $899,000 $-331,000 -27%
February 01, 2013 F1220515 removed after 174 days
February 09, 2013 F1303122 $870,000 $-360,000 -29%
March 16, 2013 F1303122 $849,900 $-380,100 -31%
March 27, 2013 F1303122 removed after 46 days
April 02, 2013 F1307387 $799,000 $-431,000 -35%

f1307387_1

Current Days on Market: 315 (0.86years)
Current ‘Official’ Days on Market: 3
2012 Assessment: $784,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 44.5

NO HST 5400 sq.ft Living space on 11,000 sq.ft LOT Custom BUILT in 2012 for LARGE family, check out the VIEWS from 4 four balconies from the upstairs bedrooms give you plenty of opportunities to take advantage of the views. 9 bdrms total 4 large bedrooms all having ensuite bathrooms. Bonus Guest room w/ensuite on main+DEN. Downstairs features 400+sq.ft Theatre Room under SUSPENDED SLAB. TWO large 2+2 bdrm ABOVE GROUND unauth.bsment suites. Walking distance to IQRA Islamic school, easy access South perimiter Road, Bridges. * PREC – Personal Real Estate Corporation


#10 ) Address:16021 27A AV, Grandview Surrey, White Rock (was #8)

June 19, 2008 F2818337 $559,900 $0 0%
January 02, 2009 F2818337 removed after 197 days
September 23, 2009 F2921545 $439,900 $-120,000 -21%
November 22, 2009 F2921545 removed after 60 days
March 26, 2011 F1107881 $1,250,000 $0 0%
August 09, 2011 F1107881 removed after 136 days
November 16, 2011 F1127782 $1,250,000 $0 0%
December 28, 2011 F1127782 removed after 42 days
January 07, 2012 F1200374 $1,250,000 $0 0%
April 03, 2012 F1200374 removed after 87 days
April 04, 2012 F1208406 $1,250,000 $0 0%
June 02, 2012 F1208406 $1,238,000 $-12,000 -1%
June 29, 2012 F1208406 $1,199,000 $-51,000 -4%
July 25, 2012 F1208406 removed after 112 days
July 26, 2012 F1219246 $1,199,000 $-51,000 -4%
October 26, 2012 F1219246 removed after 92 days
November 02, 2012 F1226682 $1,299,900 $0 0%
December 04, 2012 F1226682 $1,199,000 $-100,900 -8%
January 01, 2013 F1226682 removed after 60 days
January 06, 2013 F1300213 $1,188,000 $-111,900 -9%
February 05, 2013 F1300213 removed after 30 days
February 09, 2013 F1303060 $1,188,237 $-111,663 -9%
March 06, 2013 F1303060 $1,120,000 $-179,900 -14%
March 16, 2013 F1303060 $1,148,837 $-151,063 -12%

f1303060_1

Current Days on Market: 741 (2.03years)
Current ‘Official’ Days on Market: 55
2012 Assessment: $1,212,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 44.9

More yo-yo pricing… note to owners, that doesn’t work in down markets.  All it does is lose you potential sales in a rapidly dwindling potential buyer pool

Custom elegance, owner builder, 5 bdrm, 5 bath home has unobstruceted view of mountains, pond and valley, superior quality construction and finishing, 18′ ceilings contemporary floor plan hardwood floor throughout, large entertainment sized kitch, granite counters, deluxe Fisher Paykel appliances, bright open great room with fireplace, 3 bdrm, 3 bath above, fully finished 9 ft. walkout basement has media and games room, 2 large bedrooms plus 2 full bath. Double car garage. Heat pump (air conditioning) in ground sprinkler. Steps to South Ridge school & new elementary, Morgan Crossing and Grandview Shopping. * PREC – Personal Real Estate Corporation


#9 ) Address:2276 MADRONA PL, King George Corridor, White Rock (not ranked)

September 11, 2010 F1023395 $339,900 $0 0%
September 22, 2010 F1023395 $354,900 $0 0%
November 02, 2010 F1023395 removed after 52 days
January 13, 2012 F1200928 $988,000 $0 0%
March 31, 2012 F1200928 removed after 78 days
April 05, 2012 F1208485 $900,000 $-88,000 -9%
April 20, 2012 F1208485 $925,000 $-63,000 -6%
June 30, 2012 F1208485 removed after 86 days
July 07, 2012 F1217533 $988,000 $0 0%
August 31, 2012 F1217533 $986,000 $-2,000 0%
October 03, 2012 F1217533 removed after 88 days
October 10, 2012 F1225064 $986,000 $-2,000 0%
November 23, 2012 F1225064 $968,000 $-20,000 -2%
January 01, 2013 F1225064 removed after 83 days
January 06, 2013 F1300215 $958,000 $-30,000 -3%
February 21, 2013 F1300215 $898,800 $-89,200 -9%
March 08, 2013 F1300215 $998,800 $0 0%
March 13, 2013 F1300215 $949,900 $-48,900 -5%
March 21, 2013 F1300215 $899,900 $-98,900 -10%

f1300215_1

Current Days on Market: 448 (1.23years)
Current ‘Official’ Days on Market: 89
2012 Assessment: $955,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 45.3

And more yo-yo’s…  Still listed higher than it was in February after 2 price drops in March

Built by Marquis Homes. Brand new 2 storey and finished basement home. 19′ ceilings in great room. 10′ high ceiling on main floor and 9′ on other 2 floors. Den on main. 2 master bedrooms, one on main floor and 2nd on upper floor. Finest finishing with wide baseboards and crown moldings. Quartz countertops. Fully finished basement with separate entry. Roughed in for heat pump and air conditioning. Walking distance to shops. 2-5-10 years National Home Warranty. Price does not include GST/HST


#8 ) Address:5520 MCCOURT RD, Sechelt, Sunshine Coast (not ranked)

July 12, 2012 V961527 $1,700,000 $0 0%
August 04, 2012 V961527 $1,600,000 $-100,000 -6%
August 24, 2012 V961527 $1,500,000 $-200,000 -12%
September 27, 2012 V961527 $1,400,000 $-300,000 -18%
October 26, 2012 V961527 $1,300,000 $-400,000 -24%
February 13, 2013 V961527 $1,200,000 $-500,000 -29%
March 20, 2013 V961527 $1,100,000 $-600,000 -35%

v961527_1

Current Days on Market: 267 (0.73years)
Current ‘Official’ Days on Market: 267
2012 Assessment: Unknown
Desperation Score: 45.6

Beautiful view property in West Sechelt. The remaining 2.1 acres of ocean view, looking south to the Trail Islands, could accommodate 40 more condo/apartment homes. Zoning approved for 48 units of which 8 have been built and sold in Phase One. (90% of the underground services are in place).


#7 ) Address:2656 W 41ST AV, Kerrisdale, Vancouver West (was #4)

June 18, 2010 V837762 $929,000 $0 0%
August 13, 2010 V837762 removed after 56 days
March 04, 2012 V935348 $2,488,000 $0 0%
April 11, 2012 V935348 $2,388,000 $-100,000 -4%
April 24, 2012 V935348 $2,260,000 $-228,000 -9%
May 23, 2012 V935348 $1,998,000 $-490,000 -20%
May 28, 2012 V935348 removed after 85 days
May 31, 2012 V953373 $1,955,000 $-533,000 -21%
June 25, 2012 V953373 removed after 25 days
June 29, 2012 V959234 $1,880,000 $-608,000 -24%
September 07, 2012 V959234 removed after 70 days
October 05, 2012 V975091 $2,295,000 $-193,000 -8%
November 13, 2012 V975091 removed after 39 days
November 16, 2012 V980268 $2,088,000 $-400,000 -16%
February 01, 2013 V980268 removed after 77 days
February 23, 2013 V992255 $1,999,000 $-489,000 -20%

v992255_1

Current Days on Market: 397 (1.09years)
Current ‘Official’ Days on Market: 41
2012 Assessment: $1,945,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 45.9

New build in Kerrisdale still above the pricing from last June where it didn’t sell.  If it didn’t sell for $1.88 million last June then it won’t sell for $1.7 million today

Brand new family home in the heart of Kerrisdale. 2-5-10 year warranty. Extra deep 33×134′ lot. Extremely quiet inside. Light, bright & airy; overheight ceilings with skylights throughout. Top of the line appliances: Viking, Miele, Bosch. Beautiful dream kitchen perfect for entertaining or great family moments. Floor to ceiling glass sliding doors off kitchen area brings the outdoors in. Meticulous attention to detail from designer tiles to restoration hardware touches. All upstairs bedrooms are ensuite. 2 bdrm basement can be suited w/own laundry. A must see at this spectacular value. Kerrisdale Elem & Pt. grey Sec catchment. Also close to best private schools: Crofton House, St. Georges. HST included.

 


#6 ) Address:918 CHARLAND AV, Coquitlam West, Coquitlam (was #11)

March 02, 2012 V934552 $1,599,000 $0 0%
March 29, 2012 V934552 $1,499,000 $-100,000 -6%
April 24, 2012 V934552 removed after 53 days
April 27, 2012 V945850 $1,399,000 $-200,000 -13%
July 24, 2012 V945850 removed after 88 days
July 27, 2012 V963884 $1,198,000 $-401,000 -25%
September 17, 2012 V963884 removed after 52 days
September 24, 2012 V973236 $1,299,000 $-300,000 -19%
January 01, 2013 V973236 removed after 99 days
February 13, 2013 V990161 $1,299,800 $-299,200 -19%
March 04, 2013 V990161 removed after 19 days
March 10, 2013 V994795 $1,198,000 $-401,000 -25%
April 03, 2013 V994795 $1,148,000 $-451,000 -28%

v994795_1

Current Days on Market: 399 (1.09years)
Current ‘Official’ Days on Market: 26
2012 Assessment: $1,151,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 48.3

Natalie let us know 2 weeks ago that this unit was “on HOLD ALL ACTION as of March 18.” but has now gone through another price drop.  Who builds a home with 9 bedrooms, 8 bathrooms and 4 kitchens in Coquitlam???

LOCATION – LOCATION – LOCATION (across from the Vancouver Golf Club). Features: floor to ceiling windows, 9 bedrooms, 8 bathrooms, 4 kitchens. There are two Brand New Suites: a two bdrm. suite and a one bdrm suite down. Recently renovated home with a new addition and with permits. Work done in 2007 & 2008. Lane access, private yard. Impressive 16 ft floor to ceiling windows that face private yard, hardwood, two stairways to upstairs, open concept living with huge kitchen, lots of parking and with a gated driveway. Best price per square foot. Great revenue or bed and breakfast opportunity. Hot! Hot! Hot!


#5 ) Address:14120 TRITES RD, Panorama Ridge, Surrey (was #3)

February 12, 2012 F1203674 $1,980,000 $0 0%
March 22, 2012 F1203674 removed after 39 days
March 23, 2012 F1207274 $1,189,900 $-790,100 -40%
June 23, 2012 F1207274 $1,139,000 $-841,000 -42%
August 02, 2012 F1207274 removed after 132 days
August 04, 2012 F1220063 $1,089,000 $-891,000 -45%
September 27, 2012 F1220063 $1,039,000 $-941,000 -48%
November 17, 2012 F1220063 $999,000 $-981,000 -50%
December 31, 2012 F1220063 removed after 149 days
January 13, 2013 F1300826 $949,000 $-1,031,000 -52%
March 13, 2013 F1300826 $899,000 $-1,081,000 -55%

f1300826_1

Current Days on Market: 418 (1.15years)
Current ‘Official’ Days on Market: 82
2012 Assessment: $1,003,000
2011 Assessment: $1,017,000
Desperation Score: 48.9

This property has made the various lists many times and is now down 55% from the absurd $1.98 million price from a year ago

PANORAMA RIDGE – Private Estate – 5191 SQFT, 1.41 ACRE – 2 Storey w/Basement. Great STREET APPEAL. Situated on a very private, treed road. Spacious floor plan with 20′ vaulted ceilings in both family & living room (features grand stone fireplace), hardwood & tile flooring througout main. Large ‘gourmet’ kitchen + additional spice kitchen & large W/I pantry. Up – Large Master with private patio, full ensuite & soaker tub, an additional 4 oversized bedrooms are also located upstairs. Down – is currently partially finished, potential for optional media/recreation and/or gym. Back – features a very private view of the valley + densely treed location. Call now to arrange a viewing. * PREC – Personal Real Estate Corporation


#4 ) Address:6080 MARINE DR, Big Bend, Burnaby (unlisted)

December 06, 2007 V671697 $498,000 $0 0%
January 01, 2008 V671697 removed after 26 days
November 06, 2009 V796326 $1,260,000 $0 0%
January 19, 2010 V796326 $1,190,000 $-70,000 -6%
May 01, 2010 V796326 removed after 176 days
September 26, 2010 V851901 $1,299,000 $0 0%
January 01, 2011 V851901 removed after 97 days
January 20, 2011 V864163 $1,299,000 $0 0%
March 04, 2011 V864163 $1,250,000 $-49,000 -4%
April 01, 2011 V864163 removed after 71 days
April 07, 2011 V880269 $1,249,000 $-50,000 -4%
July 03, 2011 V880269 removed after 87 days
July 08, 2011 V898456 $999,000 $-300,000 -23%
July 27, 2011 V898456 $1,160,000 $-139,000 -11%
August 04, 2011 V898456 removed after 27 days
October 12, 2012 V976180 $1,749,000 $0 0%
October 16, 2012 V976180 $1,849,000 $0 0%
October 26, 2012 V976180 $1,649,000 $-200,000 -11%
October 30, 2012 V976180 $1,428,000 $-421,000 -23%
November 03, 2012 V976180 $1,350,000 $-499,000 -27%
January 25, 2013 V976180 $1,250,000 $-599,000 -32%
March 05, 2013 V976180 removed after 144 days
March 22, 2013 V997055 $1,150,000 $-699,000 -38%
March 29, 2013 V997055 $1,198,000 $-651,000 -35%

v997055_1

Current Days on Market: 175 (0.48years)
Current ‘Official’ Days on Market: 14

2012 Assessment: $1,081,000
2011 Assessment: $1,045,000

Last Sale: $1,070,000 on July/2011 
Total Profit IF sold for list price: 62,200 transaction costs and 128,000 profit on sale = PROFIT of $65,800

Desperation Score: 49.5

They buy this place for $1.07 million and then a year later list it for $1.849 million.  The morons are now down to $1.15 million – oh wait, they just RAISED the price!!!  Great plan, it will help ensure that you lose even more money

Not to be missed! Don’t let address fool you! Quiet, serene section of Marine Dr. Huge house, huge lot, great layout and scheme. Hardwood on main, custom kitchen w/ stainless steel appliances, granite counters, custom cabinets overlooking large dining area and backyard. Large bedrooms, ensuites, cozy living area. Private, park-like setting yard. RV parking available. All amenities within reach, all in Burnaby! Can’t beat it! Bonus – 2 separate self contained mortgage helpers! All meas approx and to be verified. Call Ken for your personal tour.


#3 ) Address:5726 ANGUS DR, South Granville, Vancouver West (unlisted)

April 03, 2010 V819583 $1,999,000 $0 0%
April 27, 2010 V819583 $1,799,000 $-200,000 -10%
June 29, 2010 V819583 removed after 87 days
August 22, 2010 V846838 $1,698,000 $-301,000 -15%
November 19, 2010 V846838 removed after 89 days
November 21, 2012 V980736 $2,888,000 $0 0%
February 21, 2013 V980736 $2,688,000 $-200,000 -7%
March 12, 2013 V980736 removed after 111 days
March 21, 2013 V996799 $1,999,000 $-889,000 -31%
March 27, 2013 V996799 $2,788,000 $-100,000 -3%
March 29, 2013 V996799 $2,288,000 $-600,000 -21%

v996799_1

Current Days on Market: 135 (0.37years)
Current ‘Official’ Days on Market: 15
2012 Assessment: $2,019,000
2011 Assessment: $2,167,000
Desperation Score: 49.7

So many grammar mistakes that I won’t bother to point them out.  They drop the price below $2 million and state that “All offers to be submitted by March 22nd before 6 PM”.  Unfortunately nobody comes so they raise the price by $800K before dropping it by $500K 2 days later.  “House needs refurbishment”…

SOUTH GRANVILLE – THIS IS AN EXCELLENT OPPORTUNITY to Hold, RENOVATED or BUILD YOUR DREAM HOME, Surrounded by Many Multi Millions Dollars Luxury Homes. Located in the most desirable South Granville area. LARGE level 75’5 x 127′ (almost 10,000 sq ft) LOT on the corner of Angus Dr. & W. 41st Ave, Close to the best public & private schools, park, recreation, restaurant & Kerrisdale Village shopping. Schools Catchment: Maple Grove Elementary, Magee Secondary School. Value is in the land only. This property is being sold in “as is, where is” condition. House needs refurbishment. All offers to be submitted by March 22nd before 6 PM.


#2 ) Address:12958 COULTHARD RD, Panorama Ridge, Surrey (was #6)

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%

f1301213_1

Current Days on Market: 1431 (3.92years)
Current ‘Official’ Days on Market: 76
2012 Assessment: $1,377,000
2011 Assessment: $1,237,000
Desperation Score: 50.2

As we found last time: MORE LIES!!!  They claim in their description that it is currently rented for $6500/month and that the renter could stay after sale.  I even commented in the Weekly Drop on February 25th that I was surprised that it had been rented out at such a high amount (despite this still being a poor CAP rate basically anywhere else in the world).  Well check out Craigslist where it is still there, where it has been pretty much constantly for at least a year asking for $4750/month and now it is down to $4500 in the advertisement!!!

Spectacularly built private Georgian brick mansion located in exclusive Panorama Ridge with water & mountain views. Everything is high end in this home. Exotic Rosewood & Brazilian Cherry wide plank flooring compliment high ceilings with beautiful crown molding. Elegant double staircases create easy access from the main floor in this stunning open concept home. Large gourmet kitchen, perfect for entertaining + wok kitchen with quality appliances. Your guests enjoy their own private access. Driveway has been prewired for entrance gates. Make this luxurious house your home with a true half acre for your family to enjoy. Rented at $6500 per month, negotiable to stay on after sale. Vendor take back mgt possible short term.


#1 ) Address:4611 WOODBURN RD, Cypress Park, West Vancouver (was #1)

March 15, 2012 V937107 $3,388,000 $0 0%
April 11, 2012 V937107 $3,188,000 $-200,000 -6%
April 24, 2012 V937107 $2,888,000 $-500,000 -15%
May 01, 2012 V937107 $2,688,000 $-700,000 -21%
June 29, 2012 V937107 removed after 106 days
July 02, 2012 V959849 $2,398,000 $-990,000 -29%
August 10, 2012 V959849 $2,198,000 $-1,190,000 -35%
October 01, 2012 V959849 removed after 91 days
October 06, 2012 V975394 $1,999,999 $-1,388,001 -41%
January 31, 2013 V975394 $1,888,000 $-1,500,000 -44%
February 13, 2013 V975394 $1,788,000 $-1,600,000 -47%
March 28, 2013 V975394 removed after 173 days
March 31, 2013 V998474 $1,790,000 $-1,598,000 -47%

v998474_1

Current Days on Market: 386 (1.06years)
Current ‘Official’ Days on Market: 5
2012 Assessment: $2,481,000
2011 Assessment: $2,279,000
Desperation Score: 58.1

Sorry, changing the picture and raising the price by $2K isn’t going to change anything…  Your pricing was completely ridiculous and greedy at a time when people were buying these types of homes and now that nobody is you are probably going to sell the place for more than $1 million less than you could have in early 2012

Enter a magnificently private 400 foot driveway & discover a stylish contemporary home seamlessly constructed into an impressive rock bluff. Substantially renovated in 2000, this 3 Bed/3 Bath over 5,700 sq ft home has some of West Van’s most expansive ocean views. The home is blessed with oversized rooms throughout, soaring vaulted ceilings, all day sunshine, a renovated kitchen & master bath and an indoor pool. The 1.35 acre gated property is truly astonishing & offers privacy seldom found in West Van today. A great lower level equipped with a bar as well as a triple garage complete the package. Walk to Caulfeild and Rockridge Secondary! Hard to find a house this large with such impressive views at this price.

 

Desperation Meter – March 13, 2013

I’m shaking things up a little bit and instead of the 3 weekly price drop reports I’m going to post a weekly “Desperation Meter” top 20.  The formula attempts to determine the level of desperation for a particular home by looking at price drops and relistings and weighting them based on the size of the drop and how recently it happened.

  • White Rock, Surrey, Richmond and Vancouver West all make the list 3 times with North Vancouver and West Vancouver appearing twice each
  • 6 of the homes on the list are new builds
  • 10 of the 19 homes with assessment data are currently priced under assessment
  • No attached properties made the top 20 but plenty are littering the top 50

UPDATE: MORE LIES!!!  Take a look at #6 in Panorama Ridge with the address 12958 COULTHARD RD.  They claim in their description that it is currently rented for $6500/month and that the renter could stay after sale.  I even commented in the Weekly Drop on February 25th that I was surprised that it had been rented out at such a high amount (despite this still being a poor CAP rate basically anywhere else in the world).  Well check out Craigslist where it is still there, where it has been pretty much constantly for at least a year asking for $4750/month.  Buyer beware!


#20 ) Address:16728 86TH AV, Fleetwood Tynehead, Surrey

March 13, 2007 F2704369 $798,500 $0 0%
July 10, 2007 F2704369 removed after 119 days
February 07, 2012 F1203015 $974,900 $0 0%
March 16, 2012 F1203015 removed after 38 days
June 25, 2012 F1216499 $925,000 $-49,900 -5%
November 01, 2012 F1216499 removed after 129 days
November 04, 2012 F1226835 $899,000 $-75,900 -8%
December 09, 2012 F1226835 removed after 35 days
December 10, 2012 F1228551 $889,000 $-85,900 -9%
January 04, 2013 F1228551 $859,000 $-115,900 -12%
January 18, 2013 F1228551 $839,000 $-135,900 -14%
February 07, 2013 F1228551 $809,000 $-165,900 -17%
February 22, 2013 F1228551 $789,000 $-185,900 -19%
March 02, 2013 F1228551 $769,000 $-205,900 -21%

f1228551_11

Current Days on Market: 401 (1.10years)
Current ‘Official’ Days on Market: 94
2012 Assessment: $752,000
2011 Assessment: $731,000
Desperation Score: 39.7

5 price drops already in 2013 and currently listed for over a year earn this home a spot in the top 20

2 STOREY WITH FULL BASEMENT 4900+ SQ.FT. HOME WITH SUITE! Located in a great area, near all amenities. The yard is .20 acre, all useable. The basement has a full suite with 3 bedrooms, a living room, rec room, laundry, and 2 full baths. The main floor has hardwood and granite and wood cabinets and high ceilings. It’s an island kitchen, and there’s a butler pantry with stove area. Upstairs are 2 master bedrooms with full ensuites, 2 other bedrooms and another full bathroom. The home is in excellent condition. * PREC – Personal Real Estate Corporation


#19 ) Address:3256 W KING EDWARD AV, MacKenzie Heights, Vancouver West

February 02, 2011 V866506 $1,698,000 $0 0%
February 09, 2011 V866506 removed after 7 days
March 10, 2012 V936503 $3,880,000 $0 0%
March 22, 2012 V936503 $3,580,000 $-300,000 -8%
June 01, 2012 V936503 removed after 83 days
June 11, 2012 V955839 $3,388,000 $-492,000 -13%
July 05, 2012 V955839 $3,288,000 $-592,000 -15%
August 29, 2012 V955839 $2,998,000 $-882,000 -23%
October 26, 2012 V955839 removed after 137 days
October 31, 2012 V978509 $3,188,000 $-692,000 -18%
January 01, 2013 V978509 removed after 62 days
January 13, 2013 V984863 $3,168,000 $-712,000 -18%
February 13, 2013 V984863 $2,999,000 $-881,000 -23%

v984863_11

Current Days on Market: 369 (1.01years)
Current ‘Official’ Days on Market: 60
2012 Assessment: $3,004,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 40.0

New build has been listed for over a year and is already below assessment after close to $900K and 23% in drops.  The owners tried the brilliant move of increasing the price of their lonely home by $200K during a horrible market and after a couple of drops are actually still $1K higher than the previous low price.  Sorry to break it to you but if it didn’t sell for $3 million in August then there is no way it will sell for even $2.7 million today.  Even with this dramatic drop in price they still have plenty of profit room although by the time it sells I doubt it will break even.

Truly spectacular quality built character home in prestigious MacKenzie Heights location! This stunning home simply offers full attention to supreme finishing & details of craftsmanship, give you feelings of elegant & luxury high end modern living. Almost 4300 sf, high ceilings, quality H/W fls thru-out, gourmet kit w/ wok kit, top of the line Viking appls & cabinetry, A/C, HRV, full entertaining features with wet bar, wine cellar, media room, sauna & steam in bsmt, huge south exposure covered deck, park-like garden, close to Prince of Wales Secondary School, Kitchener Elem School, St. George’s, York House, Crofton House private schools, UBC & transit.


#18 ) Address:6260 SEMLIN CT, Terra Nova, Richmond

August 05, 2007 V662471 $1,180,000 $0 0%
August 24, 2007 V662471 $1,150,000 $-30,000 -3%
December 21, 2007 V662471 removed after 138 days
December 29, 2007 V681738 $1,150,000 $-30,000 -3%
February 11, 2008 V681738 removed after 44 days
October 01, 2010 V852818 $1,329,000 $0 0%
October 12, 2010 V852818 removed after 11 days
July 27, 2011 V901928 $1,688,000 $0 0%
November 30, 2011 V901928 removed after 126 days
December 15, 2011 V922410 $1,588,000 $-100,000 -6%
March 09, 2012 V922410 removed after 85 days
March 28, 2012 V939639 $1,533,000 $-155,000 -9%
April 17, 2012 V939639 $1,498,000 $-190,000 -11%
June 19, 2012 V939639 removed after 83 days
June 21, 2012 V957748 $1,438,000 $-250,000 -15%
August 21, 2012 V957748 $1,398,000 $-290,000 -17%
October 01, 2012 V957748 removed after 102 days
October 04, 2012 V974979 $1,377,000 $-311,000 -18%
November 09, 2012 V974979 removed after 36 days
January 06, 2013 V983852 $1,398,000 $-290,000 -17%
February 28, 2013 V983852 $1,270,000 $-418,000 -25%

v983852_11

Current Days on Market: 596 (1.63years)
Current ‘Official’ Days on Market: 67
2012 Assessment: $1,438,000
2011 Assessment: $1,631,000
Desperation Score: 40.2

Pulled the home in October and then relisted for more in January despite being listed for over a year and a half!  Currently listed for over 20% BELOW their 2011 assessment and their 2012 assessment dropped by 12%.  “Quiet cul-de-sac location” – except when the planes fly by every 48 seconds…

Quality home by Penta Homes with 9′ ceilings, 5 bedrooms, 4 baths, hardwood floor, maple cabinets, high end stainless steel appliances, granite countertops, inground sprinkler system. Quiet cul-de-sac location. Very well kept as new. Price under 2013 assessment.


#17 ) Address:2982 161A ST, Grandview Surrey, White Rock

February 23, 2012 F1204404 $3,288,000 $0 0%
May 02, 2012 F1204404 $2,999,000 $-289,000 -9%
July 31, 2012 F1204404 $2,899,000 $-389,000 -12%
September 01, 2012 F1204404 $2,799,000 $-489,000 -15%
October 03, 2012 F1204404 removed after 223 days
October 25, 2012 F1226197 $2,799,000 $-489,000 -15%
January 19, 2013 F1226197 $2,499,000 $-789,000 -24%
March 12, 2013 F1226197 $2,299,000 $-989,000 -30%

f1226197_11

Current Days on Market: 385 (1.05years)
Current ‘Official’ Days on Market: 140
2012 Assessment: $2,567,000
2011 Assessment: $2,409,000
Desperation Score: 40.3

A $1 million price drop and 30% in just a year for this south surrey home.  Imagine how much money their greed has cost them!  Higher end homes in south surrey were actually selling last spring and early summer – I doubt they would have had much of a problem getting $2.5 million back then but they were priced at $3 million+ at the time.

AMAZING OPPORTUNITY–SUPER PRICE! Prestigious MORGAN ACRES, custom GRAND RESIDENCE on huge 31,000 sf lot. Hosting 6 Beds/2 Dens/8 Baths within the 9,250 sf in two storey with fully finished walk out basement! Two MASTER RETREATS (one Master on Main); Granite Chef’s kitchen plus WOK KITCHEN; fabulous massive entry hall; every bdrm boasts its own granite ensuite; bsmt level exclusively finished; lovely wrap around 500 sf covered verandah with mtn views; tripple garage & secure RV or Boat parking; Air conditioned, of course! This one of a kind home is nestled high above in an excl. neighbohood and conveniently located close to Southridge School, the Grandview ‘hub’ shops, transit, & freeway! R/I for pool! BELOW ASSESMENT * PREC – Personal Real Estate Corporation


#16 ) Address:967 ROSLYN BV, Dollarton, North Vancouver

February 26, 2012 V933878 $3,750,000 $0 0%
March 27, 2012 V933878 $3,690,000 $-60,000 -2%
April 18, 2012 V933878 $3,288,000 $-462,000 -12%
May 16, 2012 V933878 $2,980,000 $-770,000 -21%
June 15, 2012 V933878 $2,750,000 $-1,000,000 -27%
July 25, 2012 V933878 removed after 150 days
August 10, 2012 V965789 $2,690,000 $-1,060,000 -28%
January 03, 2013 V965789 removed after 146 days
February 15, 2013 V990537 $2,388,000 $-1,362,000 -36%

v990537_11

Current Days on Market: 382 (1.05years)
Current ‘Official’ Days on Market: 27
2012 Assessment: $2,255,000
2011 Assessment: $1,840,000
Desperation Score: 40.4

Assessment went up over 20% this past year but this home is now down $1.4 million and 35% from its ridiculous high asking price from a year ago.  Initial price was over double its assessment!!!  “Priced well below replacement cost” so using some math that would mean previously it was priced $1.3 million+ OVER replacement price… for a brand new version of the home…  I wonder why it didn’t sell?

This home has everything! Located a short walk from the oceanside, this custom built home occupies a sunny 1/3 acre private lot with water views. Featuring over 5,000 sqft, this 7 bedroom dream home has everything including; theatre, entertainment sized gourmet chef’s kitchen, 2 bedroom suite, swimming pool with fireplace and waterfalls, Koi pond, large flat backyard with gorgeous waterfalls. This is the perfect family home and it won’t last long. Priced well below replacement cost, this incredible value and outstanding lifestyle on the North Shore!


#15 ) Address:7306 CLOVER RD, Pemberton, Whistler/Pemberton

March 09, 2012 V901344 $797,000 $0 0%
April 20, 2012 V901344 $849,000 $0 0%
June 30, 2012 V901344 removed after 113 days
July 22, 2012 V963403 $799,000 $-50,000 -6%
August 31, 2012 V963403 $719,000 $-130,000 -15%
September 24, 2012 V963403 removed after 64 days
September 26, 2012 V973469 $694,000 $-155,000 -18%
October 21, 2012 V973469 $669,000 $-180,000 -21%
November 07, 2012 V973469 $649,000 $-200,000 -24%
November 22, 2012 V973469 $619,000 $-230,000 -27%
December 10, 2012 V973469 $604,000 $-245,000 -29%
December 18, 2012 V973469 $594,000 $-255,000 -30%
February 01, 2013 V973469 $579,000 $-270,000 -32%

v973469_11

Current Days on Market: 370 (1.01years)
Current ‘Official’ Days on Market: 169
2012 Assessment: $790,800
2011 Assessment: $1,002,000
Desperation Score: 41.5

Assessment down over 20% this past year and still priced 25% BELOW the new assessment and over 40% BELOW the 2011 assessment…  “This is a court ordered sale”

24 acres in the Pemberton Valley with great possibilities. Currently operating as a hostel, there is plenty of room for everyone here. The lot is very private near the end of a cul-de-sac and not far from the Pemberton Village. There are several outbuildings, a barn, gazebo, and storage shed, some with power. This is a court ordered sale and listed well below assessed value. Great possibilities to build the family estate on this private acreage in the Pemberton Valley.


#14 ) Address:2688 CRESCENT DR, Crescent Beach/Ocean Park, White Rock

June 21, 2008 F2818635 $1,799,500 $0 0%
August 12, 2008 F2818635 $1,689,500 $-110,000 -6%
October 09, 2008 F2818635 $1,629,500 $-170,000 -9%
November 17, 2008 F2818635 removed after 149 days
March 11, 2009 F2904712 $1,388,000 $-411,500 -23%
May 06, 2009 F2904712 $1,299,000 $-500,500 -28%
August 04, 2009 F2904712 removed after 146 days
July 20, 2012 F1218804 $2,488,000 $0 0%
August 01, 2012 F1218804 $2,399,000 $-89,000 -4%
August 11, 2012 F1218804 $2,380,000 $-108,000 -4%
September 21, 2012 F1218804 $2,188,000 $-300,000 -12%
October 19, 2012 F1218804 $2,088,000 $-400,000 -16%
October 26, 2012 F1218804 $1,998,000 $-490,000 -20%
November 15, 2012 F1218804 $2,148,000 $-340,000 -14%
February 19, 2013 F1218804 $2,088,000 $-400,000 -16%
February 28, 2013 F1218804 $1,998,000 $-490,000 -20%

f1218804_11

Current Days on Market: 237 (0.65years)
Current ‘Official’ Days on Market: 237
2012 Assessment: $1,734,000
2011 Assessment: $1,654,000
Desperation Score: 42.2

“2 stoerys”  Initially priced at over 50% ABOVE assessment but working its way down.  Recently increased the price by $150K and just now back to the previous low price point.

CRESCENT HEIGHTS. Gated estate on 29,272 sqft lot. Charming home w/ 2 stoerys & full basement – 5,624 sqft. 4 beds all w/ walk-in closets, 4 baths, den & games room. Quality finishing’s hardwood floors, stain glass windows & more. Recent updates to kitchen w/cherry wood cabinets, stainless app., granite, plus large eating area overlooking backyard. Master suite w/sitting room & f/p. Full bsmt, partially finished w/separate entry, bdrm, bathrm & games – unfinished area for gym, wine cellar, etc. Private Southeast yard w/ pool, courtyard & beautiful gardens. Other updates include roof w/European gutters, downpipes & gutter box’s. One of the Peninsula’s best kept secrets “Crescent Drive” perched above Crescent Beach.


#13 ) Address:2 GROSVENOR AV, Capitol Hill, Burnaby

August 30, 2012 V968525 $1,295,000 $0 0%
September 20, 2012 V968525 $1,195,000 $-100,000 -8%
November 03, 2012 V968525 $1,098,000 $-197,000 -15%
November 28, 2012 V968525 removed after 90 days
December 01, 2012 V981659 $1,098,000 $-197,000 -15%
February 01, 2013 V981659 removed after 62 days
February 28, 2013 V992684 $1,095,000 $-200,000 -15%
March 07, 2013 V992684 $1,045,000 $-250,000 -19%
March 13, 2013 V992684 $999,900 $-295,100 -23%

v992684_11

Current Days on Market: 196 (0.54years)
Current ‘Official’ Days on Market: 14
2012 Assessment: $1,027,000
Desperation Score: 42.3

Another new build, this one down 23% and almost $300K in 6 months.  I love the text in the front picture which tries to sell that there is a fire hydrant immediately in front of the house which would save so much on property insurance!  Surprised they don’t mention the safety benefits of the stop sign…

CAPITOL HILL VIEW 33X122′ CORNER LOT built in 2012! This custom 2 storey with basement (& crawl) family home has 4 bedrooms & 3 bathrooms upstairs, plus a bedroom & spacious room for inlaws in the basement; with their own entrance. Den on main great for home office. Deluxe Bosch S/S appliances, granite counters, eng. hardwood floors, tile, marble F/P’s plus heated floors for cozy warmth. Detached garage with lane access. Comes with 2-5-10 warranty.


#12 ) Address:5411 MYTKO CR, Lackner, Richmond

January 28, 2012 V928193 $1,238,000 $0 0%
February 21, 2012 V928193 $1,188,000 $-50,000 -4%
February 29, 2012 V928193 removed after 32 days
March 08, 2012 V935980 $1,198,000 $-40,000 -3%
April 19, 2012 V935980 removed after 42 days
April 26, 2012 V945523 $1,188,000 $-50,000 -4%
May 08, 2012 V945523 $1,098,000 $-140,000 -11%
June 21, 2012 V945523 removed after 56 days
June 30, 2012 V959431 $1,098,000 $-140,000 -11%
September 20, 2012 V959431 removed after 82 days
September 26, 2012 V973277 $1,088,000 $-150,000 -12%
October 31, 2012 V973277 $1,038,000 $-200,000 -16%
January 16, 2013 V973277 removed after 112 days
January 18, 2013 V985725 $998,000 $-240,000 -19%
March 12, 2013 V985725 $949,000 $-289,000 -23%

v985725_11

Current Days on Market: 411 (1.13years)
Current ‘Official’ Days on Market: 55
2012 Assessment: $884,000
2011 Assessment: $900,000
Desperation Score: 42.6

“Priced to sell”.  It’s above assessment in Richmond – that is 100% NOT priced to sell!

Beautiful 5 bdrm home in Lackner area. Extensively renovated & well cared for by the owner. Designer paints, crystal chandeliers, S/S appliances, gourmet kitchen, new roof are just some of the features. Awesome floor plan on the main includes entertaining-sized family room, formal living & dining rooms & the 5th bedroom which can be an office or a den. 4 huge bedrooms upstairs. Nicely landscaped West exposed backyard with gated fence, easy access to public transit. Walking distance to Jessie Wowk Elem & Richmond Christian School. Double garage plus 2 parking space. Priced to sell. Just move in & enjoy. Open house Sunday, March 17th 2-4pm.


#11 ) Address:918 CHARLAND AV, Coquitlam West, Coquitlam

March 02, 2012 V934552 $1,599,000 $0 0%
March 29, 2012 V934552 $1,499,000 $-100,000 -6%
April 24, 2012 V934552 removed after 53 days
April 27, 2012 V945850 $1,399,000 $-200,000 -13%
July 24, 2012 V945850 removed after 88 days
July 27, 2012 V963884 $1,198,000 $-401,000 -25%
September 17, 2012 V963884 removed after 52 days
September 24, 2012 V973236 $1,299,000 $-300,000 -19%
January 01, 2013 V973236 removed after 99 days
February 13, 2013 V990161 $1,299,800 $-299,200 -19%
March 04, 2013 V990161 removed after 19 days
March 10, 2013 V994795 $1,198,000 $-401,000 -25%

v994795_11

Current Days on Market: 377 (1.03years)
Current ‘Official’ Days on Market: 4
2012 Assessment: $1,151,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 42.8

“Best price per square foot.” – well at under $200/sqft with land costs included that is actually a fair and useful comment.  “Great revenue or bed and breakfast opportunity. Hot! Hot! Hot!” – this not to much

LOCATION – LOCATION – LOCATION (across from the Vancouver Golf Club). Features: floor to ceiling windows, 9 bedrooms, 8 bathrooms, 4 kitchens. There are two Brand New Suites: a two bdrm. suite and a one bdrm suite down. Recently renovated home with a new addition and with permits. Work done in 2007 & 2008. Lane access, private yard. Impressive 16 ft floor to ceiling windows that face private yard, hardwood, two stairways to upstairs, open concept living with huge kitchen, lots of parking and with a gated driveway. Best price per square foot. Great revenue or bed and breakfast opportunity. Hot! Hot! Hot!


#10 ) Address:769 W 61ST AV, Marpole, Vancouver West

October 06, 2006 V613046 $1,398,800 $0 0%
April 16, 2007 V613046 removed after 192 days
May 11, 2007 V646439 $1,398,800 $0 0%
July 12, 2007 V646439 removed after 62 days
September 29, 2007 V670948 $1,350,000 $-48,800 -3%
February 01, 2008 V670948 removed after 125 days
June 29, 2012 V959332 $2,480,000 $0 0%
September 18, 2012 V959332 $2,380,000 $-100,000 -4%
October 02, 2012 V959332 removed after 95 days
October 18, 2012 V977024 $2,090,000 $-390,000 -16%
November 01, 2012 V977024 $1,890,000 $-590,000 -24%
January 02, 2013 V977024 removed after 76 days
January 23, 2013 V986580 $1,980,000 $-500,000 -20%
February 25, 2013 V986580 removed after 33 days
March 01, 2013 V993160 $1,798,000 $-682,000 -28%

v993160_11

Current Days on Market: 258 (0.71years)
Current ‘Official’ Days on Market: 13
2012 Assessment: $1,742,000
2011 Assessment: $1,770,000
Desperation Score: 43.6

“Friendly and family Marpole neighbourhood”  “20 years young” – seriously???  That’s the type of thing you say to a granny to make her feel better, not about a home.  “A personal choice of paint and flooring will make this home cozy and new!”  AKA home has no paint and no flooring.  I wonder if the roof is ok?  “Personal choice of roof make you dry and happy!”.  Another owner who tried the price increase joke

Friendly and family Marpole neighbourhood, this South facing, grand home with spacious interior, almost 3500 sqft, 3 levels sits on a large 44 X 122 lot. 4 bedrooms up, 1 bdrmon main and 2 bdrm suite for mortgage helper/nanny’s quarter below. 20 years young situated on a quiet and beautiful street, convenient location to Churchill Secondary, Laurier Elementary, shopping, rec centre, transit and more. 3 car garage and a private fenced yard. A personal choice of paint and flooring will make this home cozy and new! A must see!!!


#9 ) Address:6940 NO 1 RD, Riverdale, Richmond

October 06, 2006 V611620 $599,000 $0 0%
January 01, 2007 V611620 removed after 87 days
March 16, 2007 V635573 $599,000 $0 0%
June 11, 2007 V635573 removed after 87 days
January 26, 2011 V865172 $799,000 $0 0%
February 09, 2011 V865172 $889,000 $0 0%
March 09, 2011 V865172 removed after 42 days
January 07, 2012 V923891 $1,878,000 $0 0%
February 15, 2012 V923891 $1,750,000 $-128,000 -7%
February 28, 2012 V923891 removed after 52 days
March 01, 2012 V934428 $1,699,000 $-179,000 -10%
May 29, 2012 V934428 $1,649,000 $-229,000 -12%
June 18, 2012 V934428 removed after 109 days
June 23, 2012 V958156 $1,548,880 $-329,120 -18%
July 12, 2012 V958156 $1,499,000 $-379,000 -20%
July 16, 2012 V958156 removed after 23 days
July 19, 2012 V962746 $1,448,000 $-430,000 -23%
January 18, 2013 V962746 removed after 183 days
February 28, 2013 V992753 $1,489,000 $-389,000 -21%
March 12, 2013 V992753 $1,368,000 $-510,000 -27%

v992753_11

Current Days on Market: 432 (1.18years)
Current ‘Official’ Days on Market: 14
2012 Assessment: $1,642,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 43.8

This new home is now over 15% below assessment and yet another price increase joker.  At the current price, which isn’t selling, they must be taking a substantial loss on this build

Brand new luxury home at a very convenient west Richmond location. Over 3500 sq ft home, high-ceiling in living and family room, deluxe kitchen granite counter, stainless steel appliances, wok kitchen, tasteful colour scheme, engineered hardwood floors on the main and carpet upstairs, blinds throughout the house. 1 bedroom large legal suite, 4 ensuite bedrooms upstairs, air-conditioning, 3 car garage, HRV, electric gate, the list goes on, come and tour the home.


#8 ) Address:16021 27A AV, Grandview Surrey, White Rock

June 19, 2008 F2818337 $559,900 $0 0%
January 02, 2009 F2818337 removed after 197 days
September 23, 2009 F2921545 $439,900 $-120,000 -21%
November 22, 2009 F2921545 removed after 60 days
March 26, 2011 F1107881 $1,250,000 $0 0%
August 09, 2011 F1107881 removed after 136 days
November 16, 2011 F1127782 $1,250,000 $0 0%
December 28, 2011 F1127782 removed after 42 days
January 07, 2012 F1200374 $1,250,000 $0 0%
April 03, 2012 F1200374 removed after 87 days
April 04, 2012 F1208406 $1,250,000 $0 0%
June 02, 2012 F1208406 $1,238,000 $-12,000 -1%
June 29, 2012 F1208406 $1,199,000 $-51,000 -4%
July 25, 2012 F1208406 removed after 112 days
July 26, 2012 F1219246 $1,199,000 $-51,000 -4%
October 26, 2012 F1219246 removed after 92 days
November 02, 2012 F1226682 $1,299,900 $0 0%
December 04, 2012 F1226682 $1,199,000 $-100,900 -8%
January 01, 2013 F1226682 removed after 60 days
January 06, 2013 F1300213 $1,188,000 $-111,900 -9%
February 05, 2013 F1300213 removed after 30 days
February 09, 2013 F1303060 $1,188,237 $-111,663 -9%
March 06, 2013 F1303060 $1,120,000 $-179,900 -14%

f1303060_11

Current Days on Market: 719 (1.97years)
Current ‘Official’ Days on Market: 33
2012 Assessment: $1,212,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 45.2

This new home in White Rock has been listed for 2 years and has had numerous price increases although just recently hit a new low in price

Custom elegance, owner builder, 5 bdrm, 5 bath home has unobstruceted view of mountains, pond and valley, superior quality construction and finishing, 18′ ceilings contemporary floor plan hardwood floor throughout, large entertainment sized kitch, granite counters, deluxe Fisher Paykel appliances, bright open great room with fireplace, 3 bdrm, 3 bath above, fully finished 9 ft. walkout basement has media and games room, 2 large bedrooms plus 2 full bath. Double car garage. Heat pump (air conditioning) in ground sprinkler. Steps to South Ridge school & new elementary, Morgan Crossing and Grandview Shopping. * PREC – Personal Real Estate Corporation


#7 ) Address:5968 MARINE DR, Eagleridge, West Vancouver

October 26, 2011 V917255 $9,800,000 $0 0%
November 15, 2011 V917255 $8,900,000 $-900,000 -9%
February 01, 2012 V917255 $8,550,000 $-1,250,000 -13%
March 31, 2012 V917255 removed after 157 days
April 05, 2012 V941399 $7,900,000 $-1,900,000 -19%
July 09, 2012 V941399 removed after 95 days
July 13, 2012 V961757 $7,200,000 $-2,600,000 -27%
August 22, 2012 V961757 $6,900,000 $-2,900,000 -30%
January 10, 2013 V961757 removed after 181 days
January 17, 2013 V985358 $6,900,000 $-2,900,000 -30%
February 20, 2013 V985358 removed after 34 days
February 28, 2013 V992869 $5,980,000 $-3,820,000 -39%

v992869_11

Current Days on Market: 505 (1.38years)
Current ‘Official’ Days on Market: 14
2012 Assessment: $4,686,000
Desperation Score: 45.5

Almost $4 million in price drops and still 30% OVER assessment!

Magnificent Waterfront Luxury Home with spectacular Ocean and Island views and private oceanside terraces…Exceptional quality and design with many luxury appointments including gourmet kitchen, large Master Suite, three additionalbedroom suites, media room, wine room, elevator and covered outdoor heated sitting area with fireplace and hot tub…


#6 ) 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%

f1301213_11

Current Days on Market: 1409 (3.86years)
Current ‘Official’ Days on Market: 54
2012 Assessment: $1,377,000
2011 Assessment: $1,237,000
Desperation Score: 46.0

This place has been listed for 4 years and it was also a fixture on craiglist as a rental – apparently it is rented now for actually a reasonable rent given the asking price.  “Vendor take back mgt possible short term.”  Such random pricing on this place – $1.275 million in October of 2010, then increased to $1.45 million in January 2011 and $1.888 million in April 2011!  Then a slow drop down to $1.578 million in September only to come back up to a whopping $2.18 million in November!  I’m sure we’ll be testing the low price shortly

Spectacularly built private Georgian brick mansion located in exclusive Panorama Ridge with water & mountain views. Everything is high end in this home. Exotic Rosewood & Brazilian Cherry wide plank flooring compliment high ceilings with beautiful crown molding. Elegant double staircases create easy access from the main floor in this stunning open concept home. Large gourmet kitchen, perfect for entertaining + wok kitchen with quality appliances. Your guests enjoy their own private access. Driveway has been prewired for entrance gates. Make this luxurious house your home with a true half acre for your family to enjoy. Rented at $6500 per month, negotiable to stay on after sale. Vendor take back mgt possible short term.


#5 ) Address:4507 CEDARCREST AV, Canyon Heights, North Vancouver

June 28, 2012 V959011 $1,325,000 $0 0%
August 04, 2012 V959011 $1,250,000 $-75,000 -6%
August 25, 2012 V959011 $1,175,000 $-150,000 -11%
September 19, 2012 V959011 $1,125,000 $-200,000 -15%
October 06, 2012 V959011 $1,075,000 $-250,000 -19%
October 27, 2012 V959011 $1,025,000 $-300,000 -23%
November 17, 2012 V959011 $975,000 $-350,000 -26%
December 10, 2012 V959011 $925,000 $-400,000 -30%
January 03, 2013 V959011 $899,000 $-426,000 -32%

v959011_11

Current Days on Market: 259 (0.71years)
Current ‘Official’ Days on Market: 259
2012 Assessment: $1,149,500
2011 Assessment: $954,500
Desperation Score: 46.8

Assessment increased 20% in the past year mainly because building lots were flying in this part of North Vancouver.  They missed the boat with their greed and are now over 20% BELOW assessment

UPDATE: Poster “Canyon Heights” let us know that this sold for $876,100 or almost 25% BELOW assessment and almost 35% BELOW their initial asking price

Canyon Heights 2 level, 4 bedroom, 2 bathroom 2,100 sq/ft family home on a large, private lot located on a quiet, low traffic street. Offering an L-shaped dining room and living room with wood burning fireplace, vaulted ceilings, and French doors to a covered deck. Completing the main is a kitchen, 4 piece bathroom, and 2 bedrooms. The suite potential, walk-out lower level offers a recreation room, two bedrooms, 4 piece bathroom, large utility room, and plenty of storage. Featuring a partially treed, private lot, with peek-a-boo view potential. Ideal to renovate, rent and hold, or redevelop. Ideal location minutes to Edgemont Village, and just a short walk to Canyon Heights Elem. and Handsworth Sec. Schools. Sold As Is, Where Is.


#4 ) Address:2656 W 41ST AV, Kerrisdale, Vancouver West

June 18, 2010 V837762 $929,000 $0 0%
August 13, 2010 V837762 removed after 56 days
March 04, 2012 V935348 $2,488,000 $0 0%
April 11, 2012 V935348 $2,388,000 $-100,000 -4%
April 24, 2012 V935348 $2,260,000 $-228,000 -9%
May 23, 2012 V935348 $1,998,000 $-490,000 -20%
May 28, 2012 V935348 removed after 85 days
May 31, 2012 V953373 $1,955,000 $-533,000 -21%
June 25, 2012 V953373 removed after 25 days
June 29, 2012 V959234 $1,880,000 $-608,000 -24%
September 07, 2012 V959234 removed after 70 days
October 05, 2012 V975091 $2,295,000 $-193,000 -8%
November 13, 2012 V975091 removed after 39 days
November 16, 2012 V980268 $2,088,000 $-400,000 -16%
February 01, 2013 V980268 removed after 77 days
February 23, 2013 V992255 $1,999,000 $-489,000 -20%

v992255_11

Current Days on Market: 375 (1.03years)
Current ‘Official’ Days on Market: 19
2012 Assessment: $1,945,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 48.1

Pulled the listing in September at $1.88 million and then relisted in October at $2.295 million.  Good luck with your awesome plan

Brand new family home in the heart of Kerrisdale. 2-5-10 year warranty. Extra deep 33×134′ lot. Extremely quiet inside. Light, bright & airy; overheight ceilings with skylights throughout. Top of the line appliances: Viking, Miele, Bosch. Beautiful dream kitchen perfect for entertaining or great family moments. Floor to ceiling glass sliding doors off kitchen area brings the outdoors in. Meticulous attention to detail from designer tiles to restoration hardware touches. All upstairs bedrooms are ensuite. 2 bdrm basement can be suited w/own laundry. A must see at this spectacular value. Kerrisdale Elem & Pt. grey Sec catchment. Also close to best private schools: Crofton House, St. Georges. HST included.

 


#3 ) Address:14120 TRITES RD, Panorama Ridge, Surrey

February 12, 2012 F1203674 $1,980,000 $0 0%
March 22, 2012 F1203674 removed after 39 days
March 23, 2012 F1207274 $1,189,900 $-790,100 -40%
June 23, 2012 F1207274 $1,139,000 $-841,000 -42%
August 02, 2012 F1207274 removed after 132 days
August 04, 2012 F1220063 $1,089,000 $-891,000 -45%
September 27, 2012 F1220063 $1,039,000 $-941,000 -48%
November 17, 2012 F1220063 $999,000 $-981,000 -50%
December 31, 2012 F1220063 removed after 149 days
January 13, 2013 F1300826 $949,000 $-1,031,000 -52%
March 13, 2013 F1300826 $899,000 $-1,081,000 -55%

f1300826_11

Current Days on Market: 396 (1.08years)
Current ‘Official’ Days on Market: 60
2012 Assessment: $1,003,000
2011 Assessment: $1,017,000
Desperation Score: 50.7

This property has made the various lists many times and is now down 55% from the absurd $1.98 million price from a year ago

PANORAMA RIDGE – Private Estate – 5191 SQFT, 1.41 ACRE – 2 Storey w/Basement. Great STREET APPEAL. Situated on a very private, treed road. Spacious floor plan with 20′ vaulted ceilings in both family & living room (features grand stone fireplace), hardwood & tile flooring througout main. Large ‘gourmet’ kitchen + additional spice kitchen & large W/I pantry. Up – Large Master with private patio, full ensuite & soaker tub, an additional 4 oversized bedrooms are also located upstairs. Down – is currently partially finished, potential for optional media/recreation and/or gym. Back – features a very private view of the valley + densely treed location. Call now to arrange a viewing. * PREC – Personal Real Estate Corporation

 


#2 ) Address:# LT.3 SWARD RD, Mission BC, Mission

July 17, 2009 F2908175 $299,000 $0 0%
October 31, 2009 F2908175 $269,000 $-30,000 -10%
September 01, 2010 F2908175 removed after 411 days
March 10, 2012 F1206134 $299,900 $0 0%
April 28, 2012 F1206134 $250,000 $-49,900 -17%
June 04, 2012 F1206134 removed after 86 days
June 06, 2012 F1214691 $249,000 $-50,900 -17%
June 21, 2012 F1214691 $234,000 $-65,900 -22%
July 07, 2012 F1214691 $226,500 $-73,400 -24%
July 26, 2012 F1214691 $214,900 $-85,000 -28%
August 11, 2012 F1214691 $201,900 $-98,000 -33%
August 28, 2012 F1214691 $189,900 $-110,000 -37%
September 22, 2012 F1214691 $185,900 $-114,000 -38%
October 16, 2012 F1214691 $179,900 $-120,000 -40%
November 03, 2012 F1214691 $169,900 $-130,000 -43%
November 15, 2012 F1214691 $154,900 $-145,000 -48%
December 04, 2012 F1214691 $146,000 $-153,900 -51%
January 01, 2013 F1214691 $137,000 $-162,900 -54%
January 09, 2013 F1214691 $132,000 $-167,900 -56%
January 23, 2013 F1214691 $121,000 $-178,900 -60%
February 07, 2013 F1214691 $111,000 $-188,900 -63%
February 21, 2013 F1214691 $108,000 $-191,900 -64%

f1214691_11

Current Days on Market: 369 (1.01years)
Current ‘Official’ Days on Market: 281
2012 Assessment: No Assessment
Desperation Score: 52.1

“wet at the bottom, then rises steeply up” – this Vancouver Price Drop Hall of Fame property has had 17 price drops in the past year!

8.17 ACRES at the north end of Hatzic Lake. Access off the end of a dead-end street. Neighborhood has a park and boat launch. Not subdividable. No driveway, property begins at the end of the street. It is wet at the bottom, then rises steeply up the mountain. * PREC – Personal Real Estate Corporation


#1 ) Address:4611 WOODBURN RD, Cypress Park, West Vancouver

March 15, 2012 V937107 $3,388,000 $0 0%
April 11, 2012 V937107 $3,188,000 $-200,000 -6%
April 24, 2012 V937107 $2,888,000 $-500,000 -15%
May 01, 2012 V937107 $2,688,000 $-700,000 -21%
June 29, 2012 V937107 removed after 106 days
July 02, 2012 V959849 $2,398,000 $-990,000 -29%
August 10, 2012 V959849 $2,198,000 $-1,190,000 -35%
October 01, 2012 V959849 removed after 91 days
October 06, 2012 V975394 $1,999,999 $-1,388,001 -41%
January 31, 2013 V975394 $1,888,000 $-1,500,000 -44%
February 13, 2013 V975394 $1,788,000 $-1,600,000 -47%

v975394_11

Current Days on Market: 364 (1.00years)
Current ‘Official’ Days on Market: 159
2012 Assessment: $2,481,000
2011 Assessment: $2,279,000
Desperation Score: 56.7

Initially listed at about 50% ABOVE assessment and is now priced almost 30% BELOW assessment!  $1.6 million and 47% in under a year… ouch!

Fabulous 1.35 Acre (58,806sqft) property boasting absolutely striking ocean views amidst total privacy. Enter through a private gated entry, down a long winding driveway to the home situated on a rocky bluff. Inside is a spacious 5700 sqft floor plan with vaulted ceilings, a fantastic kitchen, a master bedroom with a fabulous ensuite and his & her walk-in closets. Add to this an indoor pool. Outside, soak in the tremendous views and fabulous exposure on the huge sunlit patio. Located only a moment to Caulfield Village, near Rockridge High School and Caulfield Elementary. Try your offer.

Desperation Meter – November 16, 2012

The Desperation Meter is a formula I’ve come up with that determines a desperation score by weighting events like price drops, relisting under a new MLS and open houses and re-weighting them by how recent the event occurred.  Some highlights

  • Maple Ridge, North Vancouver and Mission all make the list 2 times
  • 8 of 9 listings with assessment info are listed below assessment

#10 ) Address:6135 DUFFERIN AV, Forglen, Burnaby

June 27 V958839 $1,165,000 $0 0%
July 05 V958839 $1,065,000 $-100,000 -9%
July 11 V958839 $995,000 $-170,000 -15%
September 07 V958839 removed
September 13 V970890 $895,000 $-270,000 -23%
Open House: Sep 16, 30
Open House: Oct 13
October 20 V970890 $847,500 $-317,500 -27%
November 05 V970890 removed
November 09 V979559 $795,000 $-370,000 -32%
Open House: Nov 17

Assessment: $863,300

Desperation Score: 37.5

UPDATE: Sold for $740,000, thanks “Disowned Renter”

Prime location. Close to Metrotown, skytrain, schools & nature trails. The original owners have cared for this home for 51 years. 3 bedrooms on the main floor, eating area in the kitchen, separate dining room, living room has hardwood floor, fireplace & overlooks the green space of Kisby Park. Partly finished basement with recroom & large area for potential finishings. A wonderful opportunity to renovated or add on to this solid home. This 50×150 lot with lane is great for building up to 4500 Sf of living space.Open Nov 17 Sat 2-4


#9 ) Address:274 RUPERT ST, Hope Center, Hope and Region

March 09 H1104578 $469,000 $0 0%
April 09 H1104578 $489,000 $0 0%
May 17 H1104578 removed
May 19 H1202138 $439,000 $-50,000 -10%
June 09 H1202138 $419,000 $-70,000 -14%
June 26 H1202138 $409,000 $-80,000 -16%
July 14 H1202138 $399,000 $-90,000 -18%
July 24 H1202138 $379,000 $-110,000 -22%
August 17 H1202138 removed
October 12 H1204081 $319,900 $-169,100 -35%
October 23 H1204081 $309,900 $-179,100 -37%
November 01 H1204081 $299,900 $-189,100 -39%

Assessment: $455,000

Desperation Score: 38.2

Great location in Hope, set on treed lot with waterfront views of Fraser. A fisherman’s dream home. Conveniently located close to boat launch. This is a unique home with over 3000 sq.ft., 5 bedrooms, rec room and games room. Lots of windows to take in the scenic views. Needs some updating, but lots of potential. Central to shopping. * PREC – Personal Real Estate Corporation


#8 ) Address:24243 101A AV, Albion, Maple Ridge

August 10 V965832 $499,000 $0 0%
September 07 V965832 $469,900 $-29,100 -6%
October 19 V965832 $369,000 $-130,000 -26%
November 09 V965832 removed
November 15 V980056 $299,900 $-199,100 -40%

Assessment: $530,000

Desperation Score: 38.3


#7 ) Address:# 5 550 BROWNING PL, Seymour, North Vancouver

March 09 V934418 $745,000 $0 0%
March 28 V934418 $739,900 $-5,100 -1%
April 12 V934418 $734,900 $-10,100 -1%
May 05 V934418 $729,900 $-15,100 -2%
Open House: May 19, 20
May 21 V934418 $719,900 $-25,100 -3%
Open House: May 26, 27
June 08 V934418 $699,900 $-45,100 -6%
Open House: Jun 16, 17, 23, 24, 30
Open House: Jul 01, 07, 08
July 20 V934418 removed
July 22 V963428 $689,900 $-55,100 -7%
Open House: Jul 29
Open House: Aug 12, 19
August 22 V963428 $649,900 $-95,100 -13%
Open House: Aug 26
Open House: Sep 09, 16
October 11 V963428 removed
October 13 V976485 $648,900 $-96,100 -13%
October 19 V976485 removed
October 26 V978041 $635,000 $-110,000 -15%
Open House: Oct 28

Assessment: $677,000

Desperation Score: 39.3

2 sales here last year for an average of 1% BELOW assessment and this unit is currently priced at 6% BELOW assessment

Beautiful Tanager Townhouse. This former display suite features many fantastic built-ins and boasts 1705 square feet on 3 levels including 4 bedrooms and 3 bathrooms. The main floor features a great open kitchen with oversized island, quartz counter tops and stainless steel appliances, family room, nook, dining room and living room with fireplace and access to deck. 3 bedrooms up including ensuite master that can fit king sized bed, and additional 4 pc bathroom. Downstairs includes 4th bedroom or recroom, full bathroom and access to your 1 car garage with plenty of storage space. South facing, on the quite side of the building and looking into a greenbelt. Come and see for yourself, you will not be disappointed.


#6 ) Address:# 10 2986 COAST MERIDIAN RD, Birchland Manor, Port Coquitlam

May 12 V949714 $389,900 $0 0%
Open House: May 27
Open House: Jun 16
June 19 V949714 $379,900 $-10,000 -3%
July 23 V949714 removed
July 26 V963681 $375,000 $-14,900 -4%
Open House: Jul 29
July 27 V963681 removed
July 29 V964359 $359,000 $-30,900 -8%
August 14 V964359 $339,000 $-50,900 -13%
September 06 V964359 $319,000 $-70,900 -18%
September 20 V964359 removed
September 22 V972985 $319,000 $-70,900 -18%
Open House: Sep 30
September 29 V972985 $309,000 $-80,900 -21%
Open House: Oct 13
October 20 V972985 $299,000 $-90,900 -23%

Assessment: $373,000

Desperation Score: 40.1

2 sales last year averaging 1% BELOW assessment and this one is currently listed at 20% BELOW assessment!

WOW!! Completely redone. Great family complex central to all levels of schools, recreation, transit and shopping. This unit offer new: windows, maple hardwood floors, custom kitchen with all new tile work, designer paint, all new high end mouldings/trim work to accent the detailed finished, some slate floors. Updated bath with new fixtures and tile work. The master offers a huge Hollywood style walk in closet converted from the third bedroom, which you could easily return to 3 bedrooms. The top floors has a den/office with a door to the roof top deck. Bonus – fully fenced backyard. Hurry on this one, with it’s quiet location and updated it wont last.


#5 ) Address:9571 NO 4 RD, Saunders, Richmond

August 04 V959259 $591,600 $0 0%
August 08 V959259 $558,000 $-33,600 -6%
September 09 V959259 $519,888 $-71,712 -12%
September 22 V959259 $498,800 $-92,800 -16%
October 04 V959259 $488,000 $-103,600 -18%
October 23 V959259 $448,000 $-143,600 -24%
November 10 V959259 $428,000 $-163,600 -28%
November 14 V959259 $408,000 $-183,600 -31%

Assessment: $486,300

Desperation Score: 41.3

LIVE in it, RENT it out, HOLD it for future development !! This half duplex has huge potential to be part of a multiple family land assembly, but is priced affordably. 3 BR + 1.5 bathroom and substantially renovated. Single Garage. Large Western exposed lot, near to schools, parks, and transportation routes. Interior, carpets and paint, HW tank, and lighting updated. Roof done 2002. Please allow notice to show. All measurements approximate and to be confirmed by Buyer. See MLS#V956594


#4 ) Address:12470 BLUE MOUNTAIN CR, Northeast, Maple Ridge

April 02 V940681 $698,000 $0 0%
August 03 V940681 removed
August 06 V965433 $475,000 $-223,000 -32%
August 17 V965433 $449,000 $-249,000 -36%
September 06 V965433 $429,000 $-269,000 -39%
September 21 V965433 $389,000 $-309,000 -44%
October 13 V965433 $374,900 $-323,100 -46%
October 31 V965433 $349,000 $-349,000 -50%

Assessment: $526,000

Desperation Score: 43.5

CAPE COD ON 1 ACRE! Nice curb appeal to this home with upstairs bedroom dormer windows. Lots of parking, double enclosed garage, nifty brickwork at the front, large covered sundeck at the back, off the dining and living room areas. Main floor has huge living and dining rooms, family room with gas fireplace, kitchen with wood cabinets and island, large laundry room. Two half baths on this level. Upstairs are 4 bedrooms, a full bathroom, and a full ensuite off the master. The basement is part and unfinished. Court Order Sale, as-is, extensive damage to home throughout, mold, etc. view photos on Realtor website before requesting a viewing. Check with your bank for financing first, as the home is without an occupancy permit.


#3 ) Address:# LT.3 SWARD RD, Mission BC, Mission

June 06 F1214691 $249,000 $0 0%
June 21 F1214691 $234,000 $-15,000 -6%
July 07 F1214691 $226,500 $-22,500 -9%
July 26 F1214691 $214,900 $-34,100 -14%
August 11 F1214691 $201,900 $-47,100 -19%
August 28 F1214691 $189,900 $-59,100 -24%
September 22 F1214691 $185,900 $-63,100 -25%
October 16 F1214691 $179,900 $-69,100 -28%
November 03 F1214691 $169,900 $-79,100 -32%
November 15 F1214691 $154,900 $-94,100 -38%

Assessment: No Assessment

Desperation Score: 43.5

8.17 ACRES at the north end of Hatzic Lake. Access off the end of a dead-end street. Neighborhood has a park and boat launch. Not subdividable. No driveway, property begins at the end of the street. It is wet at the bottom, then rises steeply up the mountain. * PREC – Personal Real Estate Corporation


#2 ) Address:518 E 1ST ST, Lower Lonsdale, North Vancouver

July 15 V962307 $895,000 $0 0%
Open House: Jul 15, 21, 22
July 25 V962307 $875,000 $-20,000 -2%
Open House: Jul 28, 29
July 31 V962307 $850,000 $-45,000 -5%
Open House: Aug 04, 05
August 09 V962307 $838,000 $-57,000 -6%
Open House: Aug 11, 12
August 15 V962307 $825,000 $-70,000 -8%
Open House: Aug 19
August 22 V962307 $815,000 $-80,000 -9%
Open House: Aug 25, 26
September 05 V962307 removed
September 09 V970178 $795,000 $-100,000 -11%
Open House: Sep 09, 15
September 19 V970178 $785,000 $-110,000 -12%
September 28 V970178 $768,000 $-127,000 -14%
Open House: Sep 30
Open House: Oct 07, 13, 14
October 16 V970178 $749,000 $-146,000 -16%
Open House: Oct 20, 21
October 24 V970178 $729,000 $-166,000 -19%
Open House: Oct 28
Open House: Nov 03, 04
November 05 V970178 removed
November 10 V979771 $699,000 $-196,000 -22%
Open House: Nov 10, 11, 17, 18

Assessment: $670,900

Desperation Score: 53.0

Don’t miss seeing this well maintained bungalow featuring 2 fully finished 2304 sq ft on 2 levels. 3 bedrooms up/2 down & 2 baths (1) down & recreation room, wet bar & storage. Located on a 50×120′ nicely landscaped lot. Fenced backyard (safe for your little ones & pets). Very private & sunny backyard for your summer barbeques & entertaining your friends. Newly painted (June 2012) exterior & main floor, roof 2010, thermo windows thruout, enclosed porch for a quiet coffee in the morning while looking at your garden. Bonus: Mortgage helper 2nd kitchen plus 2 beds with private entrance with minor modification. Single garage w/lane access. Estate sale, must be sold. Bring your family-you would have to call this place home. Open House: Sat & Sun, Nov 17th & 18th, 1:00-4:00 PM.


#1 ) Address:34463 ROCKRIDGE PL, Hatzic, Mission

March 09 F1202886 $499,000 $0 0%
April 13 F1202886 removed
May 04 F1211519 $489,900 $-9,100 -2%
June 29 F1211519 $469,900 $-29,100 -6%
July 28 F1211519 $464,900 $-34,100 -7%
August 01 F1211519 $459,900 $-39,100 -8%
August 03 F1211519 $458,900 $-40,100 -8%
August 09 F1211519 $457,900 $-41,100 -8%
August 10 F1211519 $456,900 $-42,100 -8%
August 15 F1211519 $455,900 $-43,100 -9%
August 17 F1211519 $454,900 $-44,100 -9%
August 22 F1211519 $453,900 $-45,100 -9%
August 24 F1211519 $452,900 $-46,100 -9%
August 29 F1211519 $451,900 $-47,100 -9%
September 01 F1211519 $450,900 $-48,100 -10%
September 06 F1211519 $449,900 $-49,100 -10%
October 03 F1211519 removed
October 04 F1224553 $429,000 $-70,000 -14%
October 25 F1224553 $420,000 $-79,000 -16%

Assessment: $494,000

Desperation Score: 54.6

Quality rancher with loft in exclusive Rockridge Estates! Luxurious Main floor living with no stairs, plus a loft upstairs with extra bedroom, bathroom and games room.! Enjoy this spacious kitchen overlooking park-like backyard on tranquil greenbelt, dining room, living room, office, the Master Bedroom showcases en suite with soaker tub and shower! In-floor radiant heating, oversized double garage and large driveway, secure gated neighborhood with low $40 per month strata Incredible Value! Take advantage of this incredible home today!

Desperation Meter – September 26, 2012

The Desperation Meter is a formula I’ve come up with that determines a desperation score by weighting events like price drops, relisting under a new MLS and open houses and re-weighting them by how recent the event occurred.  Some highlights

  • The only region to appear more than once is Burnaby which made the list 2 times
  • 8 of 10 listings are listed below assessment

#10 ) Address:# 106 3901 CARRIGAN CT, Government Road, Burnaby (unranked last week)

March 09 V928289 $289,000 $0 0%
March 15 V928289 $279,000 $-10,000 -3%
April 12 V928289 $269,900 $-19,100 -7%
April 17 V928289 removed
April 19 V944191 $269,900 $-19,100 -7%
May 23 V944191 $259,900 $-29,100 -10%
June 29 V944191 $249,800 $-39,200 -14%
July 25 V944191 $239,000 $-50,000 -17%
August 24 V944191 $229,900 $-59,100 -20%
September 18 V944191 removed
September 21 V972752 $209,900 $-79,100 -27%
Open House: Sep 22
Open House: Sep 23

Assessment: $264,700

3 sales in this property last year averaging 3% BELOW assessment.  This one is currently listed at 21% BELOW assessment.  This court ordered sale is sold ”As is Where is”.   No thanks!

Desperation Score: 35.7

Lougheed Estates II – Court Ordered Sale !! Spacious 3 bedroo, 2 bathroom, above ground corner unit in well maintained building, just a short 5 minute walk to Sky-Train and Lougheed Mall. This home boasts over 1200 square feet of living area with a newer upgraded kit, counter-tops, laminate floors, gas fireplace and more. Massive master bdrm with 3 pc ensuite and also featuring large secondary bedrooms. Long term maintenance program in place with 1 year old roof. Complex amenities include indoor swimming pool, sauna, rec center and workshop. Maintenance fee includes heat, hot-water and gas. Convenient location close to schools, shopping, transportation and Sky-train. Unit shows reasonably well, but is sold on “As is Where is” basis.


#9 ) Address:518 E 1ST ST, Lower Lonsdale, North Vancouver (ranked #5 last week)

July 15 V962307 $895,000 $0 0%
Open House: Jul 15
Open House: Jul 21
Open House: Jul 22
July 25 V962307 $875,000 $-20,000 -2%
Open House: Jul 28
Open House: Jul 29
July 31 V962307 $850,000 $-45,000 -5%
Open House: Aug 04
Open House: Aug 05
August 09 V962307 $838,000 $-57,000 -6%
Open House: Aug 11
Open House: Aug 12
August 15 V962307 $825,000 $-70,000 -8%
Open House: Aug 19
August 22 V962307 $815,000 $-80,000 -9%
Open House: Aug 25
Open House: Aug 26
September 05 V962307 removed
September 09 V970178 $795,000 $-100,000 -11%
Open House: Sep 09
Open House: Sep 15
September 19 V970178 $785,000 $-110,000 -12%

Assessment: $670,900

Desperation Score: 36.5

“Estate sale, must be sold.” – demographics point towards more and more of these estate sales helping bring down the market

Don’t miss seeing this well maintained bungalow featuring 2 fully finsihed 2304 sq ft on 2 levels. 3 bedrooms up/2 down & 2 baths (1) down & recreation room, wet bar & storage. Located on a 50×120′ nicely landscaped lot. Fenced backyard (safe for your little ones & pets). Very private & sunny backyard for your summer barbeques & entertaining your friends. Newly painted (June 2012) exterior & main floor, roof 2010, thermo windows thruout, enclosed porch for a quiet coffee in the morning while looking at your garden. Bonus: Mortgage helper 2nd kitchen plus 2 beds with private entrance with minor modification. Single garage w/lane access. Estate sale, must be sold. Bring your family-you would have to call this place home. PUBLIC OPEN: Saturday, September 22nd, 2-4 PM.


#8 ) Address:5625 LIMBERT RD, Agassiz, Kent (ranked #6 last week)

March 09 H1200878 $519,900 $0 0%
April 18 H1200878 $499,900 $-20,000 -4%
May 31 H1200878 removed
June 16 H1202542 $479,700 $-40,200 -8%
July 25 H1202542 removed
July 26 H1203102 $467,700 $-52,200 -10%
September 09 H1203102 removed
September 11 H1203735 $457,700 $-62,200 -12%
September 17 H1203735 removed
September 18 H1203827 $435,700 $-84,200 -16%

Assessment: $475,000

Desperation Score: 36.6

Peace and quiet on 8.8 acres! Warm, rustic and cozy 3 bedroom “Panabode like” rancher with basement log home! Vaulted ceilings with exposed beams! Spacious open layout! 3’rd bathroom roughed-in in basement. 200 Amp service. Massive wrap around sun deck with farm pasture views! A 26’x41′ workshop hidden away up the trail from the house. A secondary driveway is in place that leads to a fabulous view building site on a partly cleared level bench of land. Ultimate privacy! Nice sunny southern views from the existing home that get better the higher you go! Bring on the motorbikes and quads! Harrison Hot Springs, Lake and golfing is only 12 minutes away. This is the perfect recreational getaway or your view acreage opportunity!


#7 ) Address:# 29 22788 WESTMINSTER HY, Hamilton, Richmond (unranked last week)

May 10 V949030 $509,800 $0 0%
May 19 V949030 $499,000 $-10,800 -2%
June 15 V949030 $489,900 $-19,900 -4%
June 25 V949030 removed
June 28 V958935 $479,000 $-30,800 -6%
Open House: Jul 08
July 15 V958935 $459,900 $-49,900 -10%
July 28 V958935 $449,000 $-60,800 -12%
September 09 V958935 $439,000 $-70,800 -14%
September 11 V958935 removed
September 13 V970808 $439,000 $-70,800 -14%
Open House: Sep 23
Open House: Sep 30
September 26 V970808 $419,000 $-90,800 -18%

Assessment: $461,100

Desperation Score: 36.7

4 units sold last year for an average of 11% BELOW assessment and this unit is currently listed at 9% BELOW assessment.  Interestingly, 3 of the sales last year all occurred on exactly October 17 and averaged almost 15% BELOW assessment while the one sale in June sold for 1% BELOW assessment.

Rare find, south facing townhome with 3 bedrooms and 2 bathrooms!Located on the quiet side of the complex facing open area and backing onto a greenbelt. Good sized backyard completely fenced and gated. Features include granite counters, laminate flooring up and down, top quality stainless steel appliances, with balconies at the front & back of the townhouse, tandem garage with loads of storage. Excellent location close to Wal-Mart, Starlight Casino, community centre, schools and rapid transit. Rapidly growing popular area. 2 pets allowed, rentals allowed.


#6 ) Address:# 10 2986 COAST MERIDIAN RD, Birchland Manor, Port Coquitlam (unranked last week)

May 12 V949714 $389,900 $0 0%
Open House: May 27
Open House: Jun 16
June 19 V949714 $379,900 $-10,000 -3%
July 23 V949714 removed
July 26 V963681 $375,000 $-14,900 -4%
Open House: Jul 29
July 27 V963681 removed
July 29 V964359 $359,000 $-30,900 -8%
August 14 V964359 $339,000 $-50,900 -13%
September 06 V964359 $319,000 $-70,900 -18%
September 20 V964359 removed
September 22 V972985 $319,000 $-70,900 -18%

Assessment: $373,000

Desperation Score: 37.2

2 sales last year averaging 1% BELOW assessment and this one is currently listed at 16% BELOW assessment!  “Bonus – fully fenced backyard, complete with a converted shop into a hair salon.”  I don’t call having to spend time and money converting the hair salon back into something usable a bonus…

WOW!! Completely redone. Great family complex central to all levels of schools, recreation, transit and shopping. This unit offer new: windows, maple hardwood floors, custom kitchen with all new tole work, designer paint, all new high end mouldings/trim work to accent the detailed finished, some slate floors. Updated bath with new fixtures and tile work. The master offers a huge Hollywood style walk in closet converted from the third bedroom, which you could easily return to 3 bedrooms. The top floors has a den/office with a door to the roof top deck. Bonus – fully fenced backyard, complete with a converted shop into a hair salon. Hurry on this one, with it’s quiet location and updated it wont last.


#5 ) Address:855 BLUE MOUNTAIN ST, Harbour Chines, Coquitlam (ranked #3 last week)

April 16 V943444 $949,000 $0 0%
April 18 V943444 $899,000 $-50,000 -5%
May 09 V943444 $879,000 $-70,000 -7%
Open House: May 20
Open House: May 27
Open House: Jun 03
Open House: Jun 10
Open House: Jun 16
June 18 V943444 removed
June 22 V957843 $799,900 $-149,100 -16%
Open House: Jun 23
Open House: Jun 24
Open House: Jun 30
Open House: Jul 01
July 23 V957843 removed
July 25 V963611 $799,000 $-150,000 -16%
August 08 V963611 $779,000 $-170,000 -18%
August 28 V963611 $749,000 $-200,000 -21%
Open House: Sep 09
September 12 V963611 $729,000 $-220,000 -23%
Open House: Sep 23

Assessment: $738,000

Desperation Score: 38.1

As I mentioned in the Weekly Drop posting, this is in a nice spot in Coquitlam so too bad their incredible greed has probably cost them a lot of money

Prime Harbour Chines. Quality custom design & finish materials featured throughout this fine family home. Located on large nicely landscaped private lot. Freshly painted inside and out with many recent upgrades and renovations. Beautiful maple kitchen w/island and comfortable family room leads to huge new vinyl deck covered to enjoy year round. Spacious Master bedroom fit for a King has walk in closet and warm hardwood floors. Luxury main floor bath offers granite counters & jetted tub to relax. Bonus: Brand new basement kitchen, bath, recreation room w/separate entrance great for home office or mortgage helper, Truly one of kind home & property must see to appreciate. Ready to move in and enjoy now! Open Sun Sept 9 2-4pm


#4 ) Address:1537 E 5TH AV, Grandview, Vancouver East (Ranked #2 last week)

March 09 V923259 $895,000 $0 0%
April 08 V923259 removed
April 12 V942434 $793,000 $-102,000 -11%
June 07 V942434 removed
June 09 V955548 $789,000 $-106,000 -12%
June 15 V955548 $759,000 $-136,000 -15%
June 30 V955548 $729,000 $-166,000 -19%
July 24 V955548 $699,000 $-196,000 -22%
August 11 V955548 $679,000 $-216,000 -24%
August 24 V955548 $629,000 $-266,000 -30%
September 07 V955548 $609,000 $-286,000 -32%
September 18 V955548 $629,000 $-266,000 -30%

Assessment: $686,000

Desperation Score: 39.1

Photoshop has turned “Blue Tarp House” into “Patriotic Canadian Tarp House”

25×122 / 3050sq.ft. lot just half a block to Commerical Drive on 5th Ave. Fantastic location. Duplex property with RM-4 zoning. For sale by court order. All measurements are approx. Buyer to verify. Property sold as-is where-is. Restore the duplex home (circa 1912) or build new. Vibrant community. Easy transit connect to UBC, downtown. Call to discuss your new home opportunities!


#3 ) Address:12470 BLUE MOUNTAIN CR, Northeast, Maple Ridge (unranked last week)

April 02 V940681 $698,000 $0 0%
August 03 V940681 removed
August 06 V965433 $475,000 $-223,000 -32%
August 17 V965433 $449,000 $-249,000 -36%
September 06 V965433 $429,000 $-269,000 -39%
September 21 V965433 $389,000 $-309,000 -44%

Assessment: $526,000

Desperation Score: 39.3

VancouverPriceDrop.WordPress.Com Hall Of Fame nominee!  CAPE COD CRACK SHACK doesn’t quite epitomize Vancouver real estate as much as million dollar Blue Tarp House but both are worthy of the Hall of Fame

CAPE COD ON 1 ACRE! Nice curb appeal to this home with upstairs bedroom dormer windows. Lots of parking, double enclosed garage, nifty brickwork at the front, large covered sundeck at the back, off the dining and living room areas. Main floor has huge living and dining rooms, family room with gas fireplace, kitchen with wood cabinets and island, large laundry room. Two half baths on this level. Upstairs are 4 bedrooms, a full bathroom, and a full ensuite off the master. The basement is part and unfinished. Court Order Sale, as-is, extensive damage to home throughout, mold, etc. view photos on Realtor website before requesting a viewing. Check with your bank for financing first, as the home is without an occupancy permit.


#2 ) Address:1881 DUTHIE AV, Montecito, Burnaby (ranked #4 last week)

May 16 V950500 $1,228,000 $0 0%
Open House: May 19
Open House: May 20
Open House: May 27
May 26 V950500 $1,199,000 $-29,000 -2%
Open House: Jun 10
June 12 V950500 $1,148,000 $-80,000 -7%
Open House: Jun 17
Open House: Jun 23
Open House: Jun 24
June 20 V950500 $1,078,000 $-150,000 -12%
Open House: Jul 08
July 12 V950500 removed
July 14 V962071 $998,000 $-230,000 -19%
Open House: Jul 22
Open House: Jul 28
Open House: Aug 05
Open House: Aug 12
August 22 V962071 removed
August 25 V968016 $989,000 $-239,000 -19%
September 12 V968016 $979,900 $-248,100 -20%
September 26 V968016 $949,000 $-279,000 -23%

Assessment: $752,100

Desperation Score: 40.7

Awesome, the realtor trying to avoid getting stuck with the lazy realtor of the year award updated their description this week!!! From “Open House Saturday 2-4pm” to “Open House Sunday 2-4pm”!!!

Open House Sunday 2-4pm


#1 ) Address:34463 ROCKRIDGE PL, Hatzic, Mission (Ranked #1 last week)

March 09 F1202886 $499,000 $0 0%
April 13 F1202886 removed
May 04 F1211519 $489,900 $-9,100 -2%
June 29 F1211519 $469,900 $-29,100 -6%
July 28 F1211519 $464,900 $-34,100 -7%
August 01 F1211519 $459,900 $-39,100 -8%
August 03 F1211519 $458,900 $-40,100 -8%
August 09 F1211519 $457,900 $-41,100 -8%
August 10 F1211519 $456,900 $-42,100 -8%
August 15 F1211519 $455,900 $-43,100 -9%
August 17 F1211519 $454,900 $-44,100 -9%
August 22 F1211519 $453,900 $-45,100 -9%
August 24 F1211519 $452,900 $-46,100 -9%
August 29 F1211519 $451,900 $-47,100 -9%
September 01 F1211519 $450,900 $-48,100 -10%
September 06 F1211519 $449,900 $-49,100 -10%

Assessment: $494,000

Desperation Score: 53.8

Either they can’t afford to lower it any further or maybe they have an offer with subjects.  I do feel a little bad for these people although they tremendously overpaid for the property in 2007 by any measure

Huge Value! This home was purchased in 2007 for $540,000! Lavish rancher with loft in exclusive Rockridge Estates! All your daily living needs are met on the luxurious main floor without the bother of negotiating stairs! Enjoy the spacious kitchen overlooking park-like backyard on tranquil greenbelt, dining room, living room, office, the Master Bedroom boasts ensuite with soaker tub and shower! Extra space upstairs with bedroom, bathroom and games room. In-floor radiant heating, oversized double garage and large driveway, secure gated neighborhood with low $40 per month strata, make your move today!