Vancouver Price Drop

Documenting Vancouver real estate price movements

Category Archives: Price Changing Champions

Price Changing Champions – June 12, 2012

The Price Changing Champions are the properties that have had the most number of price changes since early March.  How about #2 with 6 price drops in under 3 weeks for a grand total of $10K!  The first 5 drops were for $500 each including 3 drops in 4 days!!!  I don’t even know what to say…

#1) Address:# 208 5388 GRIMMER ST, Metrotown, Burnaby

March 09 V927330 $304900 $0 0%
March 13 V927330 $299900 -$5000 2%
March 29 V927330 removed
March 31 V940335 $294900 -$10000 3%
April 13 V940335 $291000 -$13900 5%
April 17 V940335 $287000 -$17900 6%
May 02 V940335 $283000 -$21900 7%
May 14 V940335 removed
May 17 V950692 $287000 -$17900 6%
May 26 V950692 $279900 -$25000 8%

Assessment: $248,200

**Investor & 1st Time Buyer Alert** The PHOENIX – Brand NEW ready to move in, HST Paid. Quiet END unit with mountain view located in Metrotown area. Open concept layout with 9′ ceilings. Finishing include granite countertopsUndermount sinks, Stainless Steel appliances, Laminate flooring, insuite laundry. Parking & storage. Just a short walk to the skytrain, 20 minutes to DT or 2 minutes to Metrotown, next to Fitness World & close to shopping & restaurants. 2-5-10 warranty. Pets and Rental Allowed. All sizes & ages are approx only. Buyer to verify.


#2) Address:32181 EAGLE CR, Mission BC, Mission

April 30 F1211029 $299900 $0 0%
May 25 F1211029 $299400 -$500 0%
May 31 F1211029 $298900 -$1000 0%
June 01 F1211029 $298400 -$1500 1%
June 06 F1211029 $297900 -$2000 1%
June 08 F1211029 $297400 -$2500 1%
June 09 F1211029 $289900 -$10000 3%

Assessment: $269,000

Splendid 3 bedroom rancher fully updated for your enjoyment! Sleek new white Euro kitchen with soft close hinges, commercial grade spring-hung faucet, glass & marble tiled backsplash, breakfast bar, all new stainless steel appliances! New designer lighting, new paint, rich dark laminate flooring and new carpeting in bedrooms! Tiled bathroom boasts double sinks, carport with workshop/storage, large private yard, newer furnace and roof, spoil yourself in luxury at an affordable price!


#3) Address:3315 APEX PL, Roche Point, North Vancouver

March 14 V937038 $868800 $0 0%
March 21 V937038 $848000 -$20800 2%
April 05 V937038 $838000 -$30800 4%
April 24 V937038 $834000 -$34800 4%
April 28 V937038 $830000 -$38800 4%
May 04 V937038 $818800 -$50000 6%
Open House: Jun 03
June 06 V937038 $812800 -$56000 6%
Open House: Jun 10

Assessment: $794,000

Contemporary, warm, soulful home for the right family. Bring the kids over. They’ll love the sunny back yard with a trampoline, gazebo with hot tub + a covered deck for extra outdoor space on rainy days. Interior boasts warm welcoming designer colours & features vaulted ceilings, newer upscale kitchen with bay window & adjoining sunken family room, gas range & tile flooring. All this on a kid friendly cul-de-sac. Open House: Sunday, June 10th 2-4pm.


#4) Address:12752 114B AV, Bridgeview, North Surrey

March 09 F1202793 $345880 $0 0%
March 21 F1202793 $342880 -$3000 1%
April 03 F1202793 $339900 -$5980 2%
April 16 F1202793 $335880 -$10000 3%
April 26 F1202793 $329900 -$15980 5%
May 09 F1202793 $325000 -$20880 6%
June 07 F1202793 removed
June 09 F1215057 $314800 -$31080 9%

Assessment: $263,400

Recently renovated, bright & spacious 2 bedroom home in quiet, family oriented community. Exterior upgrades include double pane windows, vinyl & cedar siding, trim, soffits, gutters, front porch, rear decks etc. Interior upgrades include kitchen, bathroom, carpet, flooring, paint, moldings and trim, lighting, window coverings, HW tank, fridge etc. Southern exposed backyard. Conveniently located close to newer elementary school, water-park, transit, commuter routes, amenities etc. Lots of work done. Loads of character and charm. Great investment property/rental/build. Move in ready. Quick possession possible. Bring all offers.


#5) Address:# 125 3 RIALTO CT, Quay, New Westminster

March 31 V940336 $369900 $0 0%
April 12 V940336 $359900 -$10000 3%
April 21 V940336 $350000 -$19900 5%
May 02 V940336 $340000 -$29900 8%
May 12 V940336 $334900 -$35000 9%
May 17 V940336 $329900 -$40000 11%
Open House: May 21
May 24 V940336 removed
May 28 V952824 $328900 -$41000 11%
Open House: Jun 02, 03

Assessment: $322,000

The Rialto at the Quay. Lovely, spacious East facing garden apt. 2 bed/2 bath with tons of upgrades(surrounded by lagoon & serene landscaping) Open floor plan great for entertaining. Stunning kitchen with granite back splash & counter tops, stainless steel appliances, new lighting, island with huge pantry for storage, plus breakfast area. Nicely renovated bathrooms. Living room with cozy fireplace in living/dining room. Laminate flooring in living area with tiled flooring in kitchen and bathrooms. Great location. No rentals & pets allowed with restrictions. Walk to Quay market, shuttle bus next door. Open House: Saturday June 2nd & Sunday June 3rd 2-4pm.


#6) Address:24521 ALOUETTE RD, Websters Corner, Maple Ridge

April 14 V943393 $729000 $0 0%
April 19 V943393 removed
April 25 V945322 $694900 -$34100 5%
May 05 V945322 $674900 -$54100 7%
May 09 V945322 $658000 -$71000 10%
May 15 V945322 $643000 -$86000 12%
May 31 V945322 $623000 -$106000 15%
June 08 V945322 $598000 -$131000 18%

Assessment: $562,000

Private pristine parklike perfection. Your very own 1.5 acre paradise. You are looking at complete privacy. Tucked away with a newer paved circular driveway, Your new home boasts vaulted ceilling, entertainment sized LR, cozy gas f/p and extra family and execise rooms thru french doors. New black granite counters grace the spacious kitchen, French doors lead to the large “outside” deck with wide stairs leading to the garden and creek with a 500 gal. pond with designer fountain. Mstr up with ensuite. Two newer bathrooms. Newer roof and hot water tank. A home to remember. Minutes away from 248th and Dewdney.Substantial additions & renovations in approx 1992.

New Price Changing Champion – May 29, 2012

We have a new price changing champion who in a little more than 2 months has changed their price seven times, six drops and one increase, and is now on their 3rd MLS number.  The second entry was highlighted last time as an honourable mention with five drops in five weeks and three already half way through May and now they are up to six drops in seven weeks and four in the month of May.

#1) Address:# 208 5388 GRIMMER ST, Metrotown, Burnaby

March 09 V927330 $304900 $0 0%
March 13 V927330 $299900 -$5000 2%
March 29 V927330 removed
March 31 V940335 $294900 -$10000 3%
April 13 V940335 $291000 -$13900 5%
April 17 V940335 $287000 -$17900 6%
May 02 V940335 $283000 -$21900 7%
May 14 V940335 removed
May 17 V950692 $287000 -$17900 6%
May 26 V950692 $279900 -$25000 8%

Assessment: $248,200

The PHOENIX – Brand NEW ready to move in, HST Paid. Quiet END unit with mountain view located in Metrotown area. Open concept layout with 9′ ceilings. Finishing include granite countertops, undermount cabinet lighting, stainless steel appliances, laminate flooring, insuite laundry. Parking & storage. Just a short walk to the skytrain, 20 minutes to DT or 2 minutes to Metrotown, next to Fitness World & close to shopping & restaurants. 2-5-10 warranty. All sizes & ages are approx only. Buyer to verify.


#2) Address:# 125 3 RIALTO CT, Quay, New Westminster

March 31 V940336 $369900 $0 0%
April 12 V940336 $359900 -$10000 3%
April 21 V940336 $350000 -$19900 5%
May 02 V940336 $340000 -$29900 8%
May 12 V940336 $334900 -$35000 9%
May 17 V940336 $329900 -$40000 11%
Open House: May 21
May 24 V940336 removed
May 28 V952824 $328900 -$41000 11%

Assessment: $322,000

The Rialto at the Quay. Lovely, spacious East facing garden apt. 2 bed/2 bath with tons of upgrades(surrounded by lagoon & serene landscaping) Open floor plan great for entertaining. Stunning kitchen with granite back splash & counter tops, stainless steel appliances, new lighting, island with huge pantry for storage, plus breakfast area. Nicely renovated bathrooms. Living room with cozy fireplace in living/dining room. Laminate flooring in living area with tiled flooring in kitchen and bathrooms. Great location. No rentals & pets allowed with restrictions. Walk to Quay market, shuttle bus next door. Open House: Saturday, May 26th & Sunday, May 27th 2-4pm.


Price Changing Champions – May 17, 2012

We have two more properties that have changed 6 times since we’ve been keeping track in early March and I added an honourable mention property this week with 5 price changes, 3 already in May!

#1) Address:# 208 5388 GRIMMER ST, Metrotown, Burnaby

This weeks winner decided that after 5 price drops and 2 MLS numbers since March that they would relist once again but at a higher price…  I’m thinking we’ll be seeing this one at 7 price changes by this time next week.

March 09 V927330 $304,900 $0 0%
March 13 V927330 $299,900 -$5,000 2%
March 29 V927330 removed
March 31 V940335 $294,900 -$10,000 3%
April 13 V940335 $291,000 -$13,900 5%
April 17 V940335 $287,000 -$17,900 6%
May 02 V940335 $283,000 -$21,900 7%
May 14 V940335 removed
May 17 V950692 $287,000 -$17,900 6%

Assessment: $248,200

The PHOENIX – Brand NEW ready to move in, HST Paid. Quiet END unit with mountain view located in Metrotown area. Open concept layout with 9′ ceilings. Finishing include granite countertops, undermount cabinet lighting, stainless steel appliances, laminate flooring, insuite laundry. Parking & storage. Just a short walk to the skytrain, 20 minutes to DT or 2 minutes to Metrotown, next to Fitness World & close to shopping & restaurants. 2-5-10 warranty. All sizes & ages are approx only. Buyer to verify.


 

#2) Address:# 610 251 E 7TH AV, Mount Pleasant, Vancouver East

Looks like a speculator flip – wonder if they are in the red yet?

March 09 V933551 $515000 $0 0%
March 10 V933551 $499900 -$15100 3%
March 17 V933551 $479900 -$35100 7%
April 14 V933551 $469900 -$45100 9%
April 28 V933551 $459900 -$55100 11%
May 03 V933551 removed
May 05 V948052 $459900 -$55100 11%
May 08 V948052 $449900 -$65100 13%

Assessment: New Apartment

I am a brand spanking new HST free 2 bed 2 bath fresh on the market. I am situated on the NE corner of the newly constructed District in the heart of South Main. I have outstanding views of the city lights, the mesmerizing mountains, and the enchanting sunsets over English Bay. Amacon didn’t cheap out on any of my amenities either. My appliances are top notch, my balcony is a good size, my bathrooms are great, the rooftop common area is awesome, and the gym is definitely no joke. The best amenity of all is my location. I’m just steps to all Main has to offer. But if you are feeling a little more adventurous, the Olympic Village is only 5 minutes away.


 

#3) Address:# 125 3 RIALTO CT, Quay, New Westminster

March 31 V940336 $369900 $0 0%
April 12 V940336 $359900 -$10000 3%
April 21 V940336 $350000 -$19900 5%
May 02 V940336 $340000 -$29900 8%
May 12 V940336 $334900 -$35000 9%
May 17 V940336 $329900 -$40000 11%

4 price drops in under a month

Assessment: $322,000

The Rialto at the Quay. Lovely, spacious, 2 bedroom, 2 bathroom, east-facing, garden suite. An open floor plan that’s great for entertaining. Tasteful upgrades include a stunining kitchen with granite counters, stainless steel appiances & backsplash, island, roomy pantry for plenty of storage, & granite breakfast bar. Living area highlighted by cozy fireplace with laminate flooring in LR/DR, tiled flooring in kitchen & bathrooms, BONUS, lots of crown moldings, nicely renovated bathrooms & new lighting throughout. This great location (surrounded by the lagoon & serene landscaping) is a short walk to Quay market & just steps to transit. No rentals but pets allowed with restrictions. Open House: Sunday May 6th 2-4pm.

 

Price Changing Champions – May 10, 2012

Has the champion retired or are they just taking a break? This home has been featured the last two times on Price Changing Champions and it changed a record breaking 6th time this past week before being pulled today. Was it sold or will it be listed again under a new MLS number?

UPDATE: There is a currently unconfirmed report that this home did in fact sell for $1,800,000

#1) Address:5638 CROWN ST, Dunbar, Vancouver West

March 09 V934064 $2398000 $0 0%
March 13 V934064 $2298000 -$100000 4%
April 04 V934064 $2248000 -$150000 6%
April 13 V934064 $2198000 -$200000 8%
April 23 V934064 removed
April 25 V945487 $2150000 -$248000 10%
April 27 V945487 $1988000 -$410000 17%
May 8 V945487 $1888000 -$510000 21%

Assessment: $2,095,900

TERRIFIC LOCATION west of Dunbar & north of 41st Ave. Level 66 x 117.5 lot. RS-5 allows approximately 5400 sq ft of new construction. Sunny & private back garden. Easy transit and cycling access to UBC, Crofton & St. Georges. Rent out the cozy 3 bdrm bungalow while you plan a dream home. Now’s the time to make a decision on this Dunbar neighbourhood that is hard to beat for family living.


Price Changing Champions – May 3, 2012

Here is another edition of the Price Changing Champions. Last week we had 15 properties that had 4 price changes since March 9th and 4 of those listings have dropped again this week.

#1) Address:19655 SOMERSET DR, Mid Meadows, Pitt Meadows

March 09 V932963 $644900 $0 0%
March 17 V932963 $639900 -$5000 1%
April 09 V932963 $634900 -$10000 2%
April 11 V932963 $629900 -$15000 2%
April 19 V932963 $624900 -$20000 3%
April 27 V932963 $619900 -$25000 4%

Assessment: $554,000

Wonderful 2 storey home w/fully finished bsmnt in popular “Somerset”. Brand new vinyl low E & laminated glass windows & sliding doors thruout. The grand foyer welcomes you into sunken living room with vaulted ceilings, paladian feature window with California shutters & new efficient valour fireplace. The formal dining room looks onto a large deck with new daylight deck cover. Sunny kitchen with oak cabinets & family room with new designer gas fireplace and sliders to a private, fenced backyard. Elegant curved staircase leads to a huge master bedroom, ensuite with soaker tub & separate shower. Three additional bedrooms upstairs are bright with lots of windows. Fully finished basement with new blown in insulation & features cozy games + media room. Roof was replaced in 2007 and a heat pump keeps you cool in the summer. New insulated garage doors. Over $40K in reno’s! Close to all schools, shopping, bridge & Westcoast Express but NOT near the tracks! Great street appeal! Shows well.


#2) Address:# 208 5388 GRIMMER ST, Metrotown, Burnaby

March 09 V927330 $304900 $0 0%
March 13 V927330 $299900 -$5000 2%
March 29 V927330 removed
March 31 V940335 $294900 -$10000 3%
April 13 V940335 $291000 -$13900 5%
April 17 V940335 $287000 -$17900 6%
May 02 V940335 $283000 -$21900 7%

Assessment: $248,200

The PHOENIX – Brand NEW ready to move in. HST Paid. Quiet END unit with mountain view located in Metrotown area. Open concept layout with 9 ceilings. Finishings include granite countertops, undermount cabinet lighting, S/S appliances, laminate flooring, insuite laundry. 1 parking & 1 storage. Just a short walk to the skytrain, 20 minutes to DT or 2 minutes to Metrotown, next to Fitness World & close to shopping & restaurants. 2-5-10 warranty. All sizes & ages are approx. Buyer to verify.


#3) Address:7078 177A ST, Cloverdale BC, Cloverdale

March 09 F1203874 $639000 $0 0%
March 28 F1203874 $626000 -$13000 2%
April 13 F1203874 $609900 -$29100 5%
April 20 F1203874 $598000 -$41000 6%
April 26 F1203874 $585000 -$54000 8%
April 28 F1203874 $583000 -$56000 9%

Assessment: $641,000

Saddlecreek at Provinceton. This 2 storey with basement home has an open kitchen and dining area and a bonus multi room that would be perfect for a home office. Master bedroom with vaulted ceilings, a 5pc ensuite and a large walk-in closet. Unfinished basement with separate entry awaiting your ideas.


#4) Address:5638 CROWN ST, Dunbar, Vancouver West

March 09 V934064 $2398000 $0 0%
March 13 V934064 $2298000 -$100000 4%
April 04 V934064 $2248000 -$150000 6%
April 13 V934064 $2198000 -$200000 8%
April 23 V934064 removed
April 25 V945487 $2150000 -$248000 10%
April 27 V945487 $1988000 -$410000 17%

Assessment: $2,095,900

TERRIFIC LOCATION west of Dunbar & north of 41st Ave. Level 66 x 117.5 lot. RS-5 allows approximately 5400 sq ft of new construction. Sunny & private back garden. Easy transit and cycling access to UBC, Crofton & St. Georges. Rent out the cozy 3 bdrm bungalow while you plan a dream home. Now’s the time to make a decision on this Dunbar neighbourhood that is hard to beat for family living.