Here are the top 10 most desperate properties in Richmond
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.
#10 ) Address:9291 DIAMOND RD, Seafair, Richmond
October 06, 2006
V603614
$499,000
$0
0%
October 29, 2006
V603614
$476,000
$-23,000
-5%
January 16, 2007
V603614
$448,000
$-51,000
-10%
February 05, 2007
V603614
removed after 122 days
November 30, 2007
V679614
$1,198,000
$0
0%
May 02, 2008
V679614
removed after 154 days
May 17, 2008
V707101
$1,178,000
$-20,000
-2%
June 10, 2008
V707101
removed after 24 days
June 13, 2008
V715841
$1,178,000
$-20,000
-2%
August 06, 2008
V715841
removed after 54 days
August 08, 2008
V726956
$1,099,000
$-99,000
-8%
September 18, 2008
V726956
$1,078,000
$-120,000
-10%
September 19, 2008
V726956
$1,048,000
$-150,000
-13%
October 10, 2008
V726956
removed after 63 days
January 20, 2012
V926455
$1,790,000
$0
0%
April 17, 2012
V926455
$1,690,000
$-100,000
-6%
May 31, 2012
V926455
removed after 132 days
June 04, 2012
V954271
$1,650,000
$-140,000
-8%
November 01, 2012
V954271
removed after 150 days
November 16, 2012
V980239
$1,597,000
$-193,000
-11%
December 15, 2012
V980239
$1,587,000
$-203,000
-11%
February 26, 2013
V980239
$1,545,000
$-245,000
-14%
April 10, 2013
V980239
$1,519,000
$-271,000
-15%
May 12, 2013
V980239
removed after 177 days
May 25, 2013
V1008954
$1,550,000
$-240,000
-13%
June 15, 2013
V1008954
$1,498,000
$-292,000
-16%
Current Days on Market: 523 (1.43years)
Current ‘Official’ Days on Market: 32
2012 Assessment: $1,545,000
2011 Assessment: $1,450,000
Desperation Score: 35.4
A recent price increase did not seem to work so now listed below assessment
Like new 3300 sq ft home, very well maintained in popular West Richmond Seafair. Bright and very practical floor plan with an extremely big wok kitchen. This home contains 5 bedrooms plus den with 4 full bathrooms. Good quality built house with granite counters in kitchen, maple cabinets throughout the bathrooms, living room and family room contains high ceilings and much more. South West exposed backyard, steps to Hugh Boyd School, Dixon Elementary, Seafair Mall and public transportation.
#9 ) Address:9751 PIGOTT RD, Saunders, Richmond
October 06, 2006
V611405
$539,000
$0
0%
December 11, 2006
V611405
removed after 66 days
May 19, 2007
V648001
$559,000
$0
0%
May 28, 2007
V648001
removed after 9 days
July 19, 2007
V659779
$589,000
$0
0%
November 06, 2007
V659779
removed after 110 days
June 01, 2008
V712916
$1,368,000
$0
0%
July 15, 2008
V712916
removed after 44 days
July 17, 2008
V722667
$1,299,000
$-69,000
-5%
October 18, 2008
V722667
$1,238,000
$-130,000
-10%
November 25, 2008
V722667
$1,198,000
$-170,000
-12%
December 09, 2008
V722667
removed after 145 days
December 11, 2008
V746154
$1,188,000
$-180,000
-13%
January 14, 2009
V746154
$1,099,000
$-269,000
-20%
February 07, 2009
V746154
removed after 58 days
January 13, 2012
V925091
$1,980,000
$0
0%
March 01, 2012
V925091
removed after 48 days
March 04, 2012
V935278
$1,930,000
$-50,000
-3%
March 17, 2012
V935278
$1,880,000
$-100,000
-5%
May 01, 2012
V935278
$1,799,800
$-180,200
-9%
June 21, 2012
V935278
removed after 109 days
July 22, 2012
V963363
$1,730,000
$-250,000
-13%
October 09, 2012
V963363
removed after 79 days
October 13, 2012
V976440
$1,798,000
$-182,000
-9%
January 10, 2013
V976440
$1,698,000
$-282,000
-14%
April 01, 2013
V976440
removed after 170 days
April 12, 2013
V1000708
$1,680,000
$-300,000
-15%
June 19, 2013
V1000708
$1,580,000
$-400,000
-20%
Current Days on Market: 530 (1.45years)
Current ‘Official’ Days on Market: 75
2012 Assessment: $1,827,000
2011 Assessment: $1,787,000
Desperation Score: 35.4
“must be sold.” – 13% below assessment and still no takers. Now listed only $200K more than the lot had been originally listed for back in 2008
Bright and spacious custom built deluxe home in the most desirable “Broadmoor” neighborhood area. High ceilings, gorgeous spiral stairs and crystal chandeliers in the living room, open concept floor plans. High-end cabinetry &top of the line stainless steel appliances of the gourmet kitchen, granite counter tops, central air-conditioning, radiant heat and hot water heat, spacious wok kitchen, luxurious master ensuite with steam shower and jacuzzi hot tub. Secured fenced park-like garden back yard, minutes walk to McRoberts senior secondary school, South Arm Community Centre, Broadmoor shopping centre, close to transit and Canada line station. Huge lot with beautiful street appeal, must be sold.
#8 ) Address:# 310 4111 BAYVIEW ST, Steveston South, Richmond
May 04, 2012
V947557
$879,000
$0
0%
May 11, 2012
V947557
$849,000
$-30,000
-3%
May 23, 2012
V947557
$819,000
$-60,000
-7%
June 04, 2012
V947557
removed after 31 days
June 09, 2012
V955561
$789,000
$-90,000
-10%
June 22, 2012
V955561
$749,000
$-130,000
-15%
July 24, 2012
V955561
$689,000
$-190,000
-22%
September 01, 2012
V955561
removed after 84 days
September 08, 2012
V970245
$689,000
$-190,000
-22%
January 01, 2013
V970245
removed after 115 days
March 14, 2013
V995580
$689,000
$-190,000
-22%
March 29, 2013
V995580
$669,000
$-210,000
-24%
May 22, 2013
V995580
removed after 69 days
June 02, 2013
V1009977
$669,000
$-210,000
-24%
June 20, 2013
V1009977
$649,000
$-230,000
-26%
Current Days on Market: 418 (1.15years)
Current ‘Official’ Days on Market: 24
2012 Assessment: $714,000
2011 Assessment: $731,000
Desperation Score: 36.0
“Priced 45k below assessed value for quick sale” – now priced $65K below assessment for quick sale
Welcome to this great corner home with a spacious floor plan that offers plenty of natural light, 9″ ceiling, 3 large sun drenched decks with endless views of the water and beyond and breath taking sunsets. Rarely available functional floorplan, lovingly cared-for, you’ll love the thoughtful design of this three bedroom, two bathroom plus den living space, not to mention being less than a minute on foot away from all the wonders of the Village including the boardwalk, shops, restaurants, park library & community center. Exceptional facilities including a gym, guest suite, bike storage & entertaining room. Priced 45k below assessed value for quick sale! Best deal in the village. Open House Sunday June 9, 12-2pm.
#7 ) Address:10091 DEAGLE RD, Broadmoor, Richmond
July 07, 2010
V840570
$1,180,000
$0
0%
July 27, 2010
V840570
removed after 20 days
January 01, 2011
V861739
$1,498,000
$0
0%
January 11, 2011
V861739
removed after 10 days
April 09, 2012
V941570
$3,788,800
$0
0%
June 30, 2012
V941570
removed after 82 days
July 18, 2012
V962493
$3,788,800
$0
0%
July 31, 2012
V962493
$3,580,000
$-208,800
-6%
August 01, 2012
V962493
$3,490,000
$-298,800
-8%
October 16, 2012
V962493
removed after 90 days
November 22, 2012
V980912
$2,880,000
$-908,800
-24%
December 14, 2012
V980912
$3,168,000
$-620,800
-16%
March 01, 2013
V980912
removed after 99 days
March 07, 2013
V994101
$2,998,000
$-790,800
-21%
May 30, 2013
V994101
removed after 84 days
June 06, 2013
V1010974
$2,980,000
$-808,800
-21%
Current Days on Market: 443 (1.21years)
Current ‘Official’ Days on Market: 20
2012 Assessment: $2,058,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 36.5
This home was on the weekly drop back in November where they claimed this home was walking distance to Richmond Center and the sky train stations – a complete lie. They removed that part of the description 3 months ago but are still $100K above their price from November. They paid roughly $1.1 million for the lot in 2010 and I’ll be generous and say they put $1 million into the build. That makes $2.1 million which is close to their assessment – they initially list the place at $3.8 million!!! I hope I see this one in foreclosure
Prestigious & Popular Broadmoor area in Central Richmond! Rarely find architectural &designer’s mansion w/ 9240Sqft huge lot & 4018Sqft finishing area! A spectacular deluxe custom home featuring quality materials & workmanship, 5 bedroom+1 den+5.5bath+2 kitchen. Grand open foyer w. magnificent crystal chandelier, 16′ high ceiling living RM &nook, tons of drop ceiling & luxury crown moulding, marble entrance hallway, granite counter tops, hardwood flooring upstairs,HRV,Air-con, radiant heating, 3 car garage, lawn sprinkler system, steam bath, home theatre, security system. Walking distance to No.3 RD, Broadmoor shopping center & transportations. Famous Maple Lane Elementary &London Secondary High catchment.Don’t miss yr dream home!
#6 ) Address:7480 CHELSEA RD, Granville, Richmond
September 11, 2010
V849565
$1,038,000
$0
0%
October 08, 2010
V849565
removed after 27 days
January 06, 2012
V923508
$2,998,000
$0
0%
March 13, 2012
V923508
$2,788,800
$-209,200
-7%
April 16, 2012
V923508
removed after 101 days
April 19, 2012
V944294
$2,688,000
$-310,000
-10%
July 16, 2012
V944294
removed after 88 days
July 18, 2012
V962396
$2,588,000
$-410,000
-14%
September 25, 2012
V962396
$2,498,000
$-500,000
-17%
October 10, 2012
V962396
removed after 84 days
October 12, 2012
V976294
$2,498,000
$-500,000
-17%
December 11, 2012
V976294
removed after 60 days
December 20, 2012
V982900
$2,498,000
$-500,000
-17%
December 28, 2012
V982900
$2,398,000
$-600,000
-20%
March 01, 2013
V982900
removed after 71 days
March 07, 2013
V994170
$2,398,000
$-600,000
-20%
April 04, 2013
V994170
$2,288,000
$-710,000
-24%
Current Days on Market: 537 (1.47years)
Current ‘Official’ Days on Market: 111
2012 Assessment: $2,005,000
2011 Assessment: $1,851,000
Desperation Score: 37.6
“Custom built for present owner. For the most discriminating buyer. Right in the centre of million dollar row. Very generous bedrooms.” – nice sentences… Listed for 50% and $1 million above assessment – now down $700K but still not close to being sold
Custom built for present owner. For the most discriminating buyer. Right in the centre of million dollar row. Very generous bedrooms. First and second master bathroom, both with steam bath. Spectacular craftsmanship of carpentry work. Deluxe maple cabinets, wet bar, built-in cabinets, drop ceilings, crown mouldings, air conditioning, HRV, sprinkler system. Immediate Possession!
#5 ) Address:6111 GARRISON CT, Riverdale, Richmond
June 22, 2011
V895616
$1,590,000
$0
0%
November 08, 2011
V895616
$1,498,000
$-92,000
-6%
January 01, 2012
V895616
removed after 193 days
January 08, 2012
V924009
$1,498,000
$-92,000
-6%
May 01, 2012
V924009
removed after 114 days
June 15, 2012
V956784
$1,650,000
$0
0%
August 25, 2012
V956784
$1,480,000
$-170,000
-10%
October 12, 2012
V956784
removed after 119 days
October 19, 2012
V977268
$1,448,000
$-202,000
-12%
November 14, 2012
V977268
$1,398,000
$-252,000
-15%
January 16, 2013
V977268
removed after 89 days
January 23, 2013
V986401
$1,398,000
$-252,000
-15%
February 01, 2013
V986401
removed after 9 days
February 13, 2013
V990123
$1,368,000
$-282,000
-17%
May 12, 2013
V990123
removed after 88 days
May 21, 2013
V1007450
$1,289,000
$-361,000
-22%
Current Days on Market: 735 (2.01years)
Current ‘Official’ Days on Market: 36
2012 Assessment: $1,025,000
2011 Assessment: $1,059,000
Desperation Score: 39.1
Listed for over 2 years and still above assessment
In the legendary Riverdale district corner lot lies the excellent custom built residence with excellent workmanship. Centrally located from the Rivergreen & Richmond Olympic Oval Centre, sports & leisure activities always at ease with Thompson Community Centre, schooling at Burnett Secondary & Blair Elementary. Garden curb appeal, brick & stone exterior facade, grand entry with accentuated ceiling height, cross-hall design living & dining room make this house stand tall & proud. Interior details & feature include large gourmet kitchen with wok kitchen, granite counters, 6 bedrooms, 4 baths & 3 car garage. Through the patio door, you will enter an enchanted landscaped garden in the backyard. Some of the few choices you should
#4 ) Address:7620 NO 2 RD, Granville, Richmond
November 17, 2011
V920043
$1,250,000
$0
0%
February 16, 2012
V920043
$1,125,000
$-125,000
-10%
May 01, 2012
V920043
removed after 166 days
June 04, 2012
V954237
$1,049,000
$-201,000
-16%
July 10, 2012
V954237
$998,000
$-252,000
-20%
September 18, 2012
V954237
removed after 106 days
September 21, 2012
V972635
$958,000
$-292,000
-23%
January 23, 2013
V972635
$899,000
$-351,000
-28%
February 26, 2013
V972635
removed after 158 days
March 01, 2013
V993145
$899,000
$-351,000
-28%
April 30, 2013
V993145
$869,000
$-381,000
-30%
June 02, 2013
V993145
$829,000
$-421,000
-34%
Current Days on Market: 587 (1.61years)
Current ‘Official’ Days on Market: 117
2012 Assessment: $961,100
2011 Assessment: $990,100
Desperation Score: 41.1
“Investors and Builders Tremendous Value!”, “This would be a great Rental home (or live in) while the value of the lot increases! Or Build a 4,000 sq ft Mansion now! Or combine with neighcour and build townhouses! Any way you look at it, a great buy”… Listed for over a year and a half, down 34% and about 15% below assessment (which has also been dropping)
Investors and Builders Tremendous Value! Small Price for a Huge 76 x 120′, 9,120 sq ft lot in Popular West Richmond area steps from Blundell Centre and easy access to Vancouver! This lot is Designated Townhouses if combined with neighbour. Ideal holding Property as lots of life left in the Grand Home and could rent out for $2,000/mo. Its a visual delight with peaked dormers and gables. Interior is also appealing and mechanically sound. 3 bedrooms up, very spacious main floor with updated bright kitchen and large Den. Oozes charm! This would be a great Rental home (or live in) while the value of the lot increases! Or Build a 4,000 sq ft Mansion now! Or combine with neighcour and build townhouses! Any way you look at it, a great buy
#3 ) Address:8620 CADOGAN RD, Lackner, Richmond
June 13, 2010
V834835
$848,000
$0
0%
June 30, 2010
V834835
removed after 17 days
December 25, 2011
V922990
$2,599,000
$0
0%
January 23, 2012
V922990
removed after 29 days
January 25, 2012
V927261
$2,288,000
$-311,000
-12%
March 07, 2012
V927261
removed after 42 days
March 09, 2012
V936232
$2,188,000
$-411,000
-16%
August 14, 2012
V936232
removed after 158 days
August 17, 2012
V966774
$2,098,000
$-501,000
-19%
October 10, 2012
V966774
$2,048,000
$-551,000
-21%
December 04, 2012
V966774
$1,996,000
$-603,000
-23%
January 01, 2013
V966774
removed after 137 days
January 11, 2013
V984569
$1,988,000
$-611,000
-24%
April 02, 2013
V984569
removed after 81 days
May 09, 2013
V1005552
$1,988,000
$-611,000
-24%
June 09, 2013
V1005552
$1,968,000
$-631,000
-24%
June 11, 2013
V1005552
$2,188,800
$-410,200
-16%
June 21, 2013
V1005552
$1,978,000
$-621,000
-24%
Current Days on Market: 549 (1.50years)
Current ‘Official’ Days on Market: 48
2012 Assessment: $1,955,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 45.4
Another new build sitting for over a year and a half, down $620K (but still higher than pricing from 2 weeks ago) and just above assessment
Spectacular 3706 sq ft home on a large 66 x 124 = 8197 sq ft lot with mountain views. Quiet location next to green space. A little bit different than most other homes this home offers vaulted ceiling in all 4 ensuited bedrooms upstairs. Master bedroom has large ensuite with TV & Sauna, large walk in closet & covered deck. Main floor offers media room with guest bedroom & bathroom plus den, high ceilings in living & family rooms. Dream kitchen with high end appliances with large wok kitchen & 2nd fridge plus granite/quartz counter tops. Excellent street appeal with 3 car garage & electric gate all siding onto a park with mountain views. Central Richmond location near Blundell & No 2 Road.
#2 ) Address:11520 LAPWING CR, Westwind, Richmond
December 25, 2009
V801653
$1,350,000
$0
0%
April 01, 2010
V801653
removed after 97 days
November 12, 2010
V858270
$1,150,000
$-200,000
-15%
January 20, 2011
V858270
removed after 69 days
May 28, 2011
V890796
$1,275,000
$-75,000
-6%
July 26, 2011
V890796
removed after 59 days
January 25, 2012
V927394
$2,050,000
$0
0%
March 03, 2012
V927394
$1,890,000
$-160,000
-8%
October 18, 2012
V927394
$1,595,888
$-454,112
-22%
January 01, 2013
V927394
removed after 342 days
January 27, 2013
V987465
$1,580,000
$-470,000
-23%
February 20, 2013
V987465
$1,480,000
$-570,000
-28%
April 12, 2013
V987465
removed after 75 days
April 15, 2013
V1001263
$1,380,000
$-670,000
-33%
May 04, 2013
V1001263
$1,280,000
$-770,000
-38%
May 30, 2013
V1001263
$1,248,000
$-802,000
-39%
Current Days on Market: 518 (1.42years)
Current ‘Official’ Days on Market: 72
2012 Assessment: $1,321,000
2011 Assessment: $1,294,000
Desperation Score: 46.4
“”Think” TUSCANY – Italian Villa, Morocco mystic, east Asian influence. ” – well that says it all, doesn’t it? ”Change colors or change arches to square”. ”Excellent floor plan for private home based business” – yeah, like people work in this province? Too busy flipping real estate and buying cheap milk from Bellingham!!! After $800K in price drops it is now $73K below assessment and listed below 2009 pricing
WESTWIND – “Think” TUSCANY – Italian Villa, Morocco mystic, east Asian influence. Knock out unique and a FABULOUS property. Quick & easy access to viewing. MUST SEE – Interior delights. Your eyes will pop with excitement & appreciation. Change colors or change arches to square … you can LIVE in your DREAM residence. Excellent floor plan for private home based business or even potential for a side suite on main with separate entrance. 5 Ensuited Bedrooms including one on main. Outstanding Entertainment deck with lovely view of the mountains across the green fields. Come visit & be prepared to be WOWED!
#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%
Current Days on Market: 536 (1.47years)
Current ‘Official’ Days on Market: 55
2012 Assessment: $1,642,000
2011 Assessment: Building Unfinished at time of assessment
Desperation Score: 50.5
This relatively well priced new build has been sitting for a year and a half, is now $250K below assessment has had 9 price drops and 2 price increases and is still above the price it didn’t sell at earlier this spring
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.