Here are the 10 properties outside of Metro Vancouver (Vancouver West, Vancouver East, Burnaby, Richmond, North Vancouver and West Vancouver) that changed their price or were relisted under a new MLS number the previous 1 week AND have the highest desperation score which is a formula based on price changes, relists and amounts pro rated for recency. This will hopefully provide a more interesting look at the suburbs since previous weekly drops for these areas were completely filled with old condo’s and lot sales
Note: I tweaked the formula for desperation score to remove any bias based on price so a $1 million home with two $100K drops will have the same desperation as a $100K condo with two $10K drops assuming list dates and drop dates are the same.
Surprisingly Coquitlam leads with three listings in the top 10
#10 ) Address:7585 156 ST, Fleetwood Tynehead, Surrey
June 28, 2013
F1315307
$5,000,000
$0
0%
August 29, 2013
F1315307
$4,000,000
$-1,000,000
-20%
October 22, 2013
F1315307
$3,000,000
$-2,000,000
-40%
January 22, 2014
F1315307
removed after 208 days
March 28, 2014
F1407187
$2,500,000
$-2,500,000
-50%
Current Days on Market: 279 (0.76years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $871,800
2011 Assessment: $787,100
Desperation Score: 35.0
6.841 acres of general agricultural land zoned A-1 centrally located in Fleetwood Tynehead area, backing onto Eagle Quest Golf Course. Amazing views from Mount Baker to Chimney Hills. Built in 1974, kept in good condition, 3 bedrooms, 3 bathrooms spread over 2922 sq. feet. Large covered sundeck South facing overlooking golfcourse. Plenty of room to raise and care for horses, grow your very own strawberries and blueberries. Oversized detached 3 car garage, workshop, 5 horse stable with eating and water station all with power. RV parking, and additional parking available. Plenty of storage for all your equipment. Ideal for farming, horse training, holding property.
50% price drop in 9 months for some farm land in Surrey
#9 ) Address:# 1626 34909 OLD YALE RD, Abbotsford East, Abbotsford
December 01, 2006
F2626519
$167,500
$0
0%
February 22, 2007
F2626519
removed after 83 days
September 01, 2007
F2722676
$199,500
$0
0%
September 13, 2007
F2722676
removed after 12 days
November 29, 2013
F1326298
$184,000
$-15,500
-8%
January 04, 2014
F1326298
$173,900
$-25,600
-13%
February 04, 2014
F1326298
$159,900
$-39,600
-20%
March 17, 2014
F1326298
$149,000
$-50,500
-25%
March 28, 2014
F1326298
$138,900
$-60,600
-30%
Current Days on Market: 125 (0.34years)
Current ‘Official’ Days on Market: 125
2013 Assessment: $150,800
Desperation Score: 35.2
Top floor corner unit, 2 bedroom 2 bath in east Abbotsford. Close to shopping, schools, recreation, fitness centre, freeway access. Better than new home has a well designed floor plan with spacious master bedroom, main living area features quality laminate flooring. Light fixtures, beautiful maple kitchen cabinets, new bathrooms include new tile, vanity & fixtures, new window coverings approx 7 years ago. Huge sundeck accessible from living room and master bedroom. Close to entrance providing easy access to street, comes with 2 conveniently located parking stalls and close to the complex pool. Backyard with lots of green space. Nothing to do but move in and call it home. This is a must see!
4 price drops already this year
#8 ) Address:1313 HOLLYBROOK ST, Burke Mountain, Coquitlam
April 27, 2013
V1003543
$439,000
$0
0%
April 29, 2013
V1003543
removed after 2 days
January 16, 2014
V1041483
$1,149,900
$0
0%
January 19, 2014
V1041483
$1,075,000
$-74,900
-7%
March 14, 2014
V1041483
$1,049,900
$-100,000
-9%
March 20, 2014
V1041483
$999,000
$-150,900
-13%
March 25, 2014
V1041483
removed after 68 days
March 27, 2014
V1054596
$900,000
$-249,900
-22%
April 02, 2014
V1054596
$999,000
$-150,900
-13%
Current Days on Market: 77 (0.21years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $770,000
Desperation Score: 35.4
Magnificent residence w/exquisite DESIGNER taste in prestigious Burke Mountain in a quiet neibourhood Features of this incredible home include huge windows, open modern & stunning. Formal Great room with 20ft high ceiling and elegant fireplace looking onto greenbelt. Huge Dining Room w/French doors opens to balcony overlooking fenced backyard. Modern Kitchen w/huge Island and large entertaining area. Upstairs FOUR Bedrooms. THREE full bathrooms. A huge Master Bedroom w/loft ceiling, jetted tub, separate shower, his & her closet. Lower level w/large Storage & a bright walkout large legal two bedroom legal suite w/ separate entrance & patio & Laundry. Open Saturday March 29th,
“neibourhood”, Just increased the price by 11%
#7 ) Address:# 105 3176 PLATEAU BV, Westwood Plateau, Coquitlam
November 01, 2006
V619288
$314,900
$0
0%
December 22, 2006
V619288
removed after 51 days
March 13, 2007
V633921
$304,900
$-10,000
-3%
May 25, 2007
V633921
removed after 73 days
January 27, 2013
V987455
$224,900
$-90,000
-29%
March 08, 2013
V987455
removed after 40 days
September 12, 2013
V1026323
$302,900
$-12,000
-4%
September 20, 2013
V1026323
$284,900
$-30,000
-10%
October 06, 2013
V1026323
$274,900
$-40,000
-13%
December 05, 2013
V1026323
$259,900
$-55,000
-17%
March 13, 2014
V1026323
$239,900
$-75,000
-24%
March 25, 2014
V1026323
removed after 194 days
March 27, 2014
V1054480
$239,900
$-75,000
-24%
Current Days on Market: 203 (0.56years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $232,000
Desperation Score: 35.9
Two bedroom, Two bathroom, corner unit situated near Westwood Plateau Golf &Country club. Huge wrap around deck from kitchen to master bedroom, kitchen with granite counters, large living area with plenty of windows and gas fireplace. Rentals Allowed!
24% in drops and still above assessment
#6 ) Address:16156 59TH AV, Cloverdale BC, Cloverdale
November 03, 2013
F1324814
$1,300,000
$0
0%
November 23, 2013
F1324814
$1,275,000
$-25,000
-2%
January 23, 2014
F1324814
$1,150,000
$-150,000
-12%
February 12, 2014
F1324814
$1,125,000
$-175,000
-13%
February 19, 2014
F1324814
$1,110,000
$-190,000
-15%
February 20, 2014
F1324814
removed after 109 days
February 24, 2014
F1404423
$1,100,000
$-200,000
-15%
February 27, 2014
F1404423
removed after 3 days
March 28, 2014
F1407138
$985,000
$-315,000
-24%
Current Days on Market: 151 (0.41years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $476,000
Desperation Score: 36.1
Close to developing area of Cloverdale’s West side. 6.07 park-like acres cleared and drained. Overlooking a stunning pastoral at the heart of this lovely property. Situated on quiet no-thru street, Million dollar homes in this brand new neighborhood. Fill on property and 80×240 compacted ready to build your dream home and turn this piece of land into a hobby farm. Last parcel in this subdivision. This property has a potential upside as parcels close by are being zoned One Acre Lots.
Sold for $580,000 in September 0f 2013 and immediately relisted for more than double… This picture is a rendering of what someone could build after buying the land for double what the last guy paid a few months ago
#5 ) Address:# 309 22514 116TH AV, East Central, Maple Ridge
May 21, 2013
V1006673
$209,900
$0
0%
September 02, 2013
V1006673
removed after 104 days
September 14, 2013
V1026854
$199,900
$-10,000
-5%
November 03, 2013
V1026854
$194,900
$-15,000
-7%
November 15, 2013
V1026854
$189,900
$-20,000
-10%
December 05, 2013
V1026854
$182,900
$-27,000
-13%
December 28, 2013
V1026854
removed after 105 days
January 16, 2014
V1041669
$178,900
$-31,000
-15%
February 04, 2014
V1041669
$174,900
$-35,000
-17%
February 14, 2014
V1041669
$172,900
$-37,000
-18%
March 05, 2014
V1041669
$170,900
$-39,000
-19%
March 30, 2014
V1041669
$168,900
$-41,000
-20%
Current Days on Market: 317 (0.87years)
Current ‘Official’ Days on Market: 77
2013 Assessment: $167,600
Desperation Score: 36.1
Renovated TOP floor unit with RIVER view from the deck! Updates include: freshly painted in warm neutral colours, new flooring thru-out, light fixtures, new kitchen appliances & designer tile backsplash, both baths have new tile floor & upgraded toilets, new tile tub surround. Flexible layout – 2nd bdrm has pocket doors to the living room, so works great as a den/bdrm. Kitchen is open to the living/dining rooms. Insuite laundry & storage room (plus a locker). This a great 55+ complex, has lots to offer with indoor pool, exercise eqpt, guest suite, etc. Excellent location – blocks to shopping or the West Coast Express. Small pet OK.
5 Price drops already this year but again, still above assessment
#4) Address:12876 CRESCENT RD, Elgin Chantrell, White Rock
April 09, 2008
F2809527
$888,000
$0
0%
August 08, 2008
F2809527
$798,000
$-90,000
-10%
October 01, 2008
F2809527
removed after 175 days
May 16, 2009
F2910430
$769,000
$-119,000
-13%
August 25, 2009
F2910430
removed after 101 days
May 12, 2010
F1013408
$699,900
$-188,100
-21%
May 30, 2010
F1013408
removed after 18 days
September 05, 2013
F1320623
$1,390,000
$0
0%
September 25, 2013
F1320623
$1,249,000
$-141,000
-10%
December 13, 2013
F1320623
$1,195,000
$-195,000
-14%
February 05, 2014
F1320623
$1,145,000
$-245,000
-18%
February 28, 2014
F1320623
removed after 176 days
March 05, 2014
F1405101
$998,000
$-392,000
-28%
March 30, 2014
F1405101
$949,900
$-440,100
-32%
Current Days on Market: 210 (0.58years)
Current ‘Official’ Days on Market: 29
2013 Assessment: $884,700
2011 Assessment: $827,900
Desperation Score: 37.7
CRESCENT BEACH. Backing on to Crescent Park. This half acre property is very private. The 3 bedroom home is 1592 sq ft. New roof, furnace, hot water tank, detached artist studio or guest room (11.8 X 11.4), storage shed (8.8 X 8.3).kids tree fort. 27×27 foundation to build your dream shop. Country living and only a block from bakery, coffee shop and deli. 2 minute drive to Crescent Beach and blackies spit park and public golf course. * PREC – Personal Real Estate Corporation
Between 2010 and 2013 they tried doubling the listing price… didn’t work
#3 ) Address:4570 MAYSFIELD CR, Brookswood, Langley
June 21, 2013
F1314803
$980,000
$0
0%
July 04, 2013
F1314803
$899,900
$-80,100
-8%
February 21, 2014
F1314803
$674,900
$-305,100
-31%
March 07, 2014
F1314803
$649,900
$-330,100
-34%
April 02, 2014
F1314803
$540,000
$-440,000
-45%
Current Days on Market: 286 (0.78years)
Current ‘Official’ Days on Market: 286
2013 Assessment: $845,000
Desperation Score: 39.4
Court Ordered Sale. Property is being Sold for LAND VALUE only. Lot is sliding and needs retaining wall and home has sunk about 5 inches. * PREC – Personal Real Estate Corporation
Court Ordered Sale down 45% and counting
#2 ) Address:812 WESTWOOD ST, Meadow Brook, Coquitlam
January 13, 2011
V863060
$398,000
$0
0%
May 31, 2011
V863060
removed after 138 days
September 22, 2011
V911416
$348,800
$-49,200
-12%
November 10, 2011
V911416
removed after 49 days
July 22, 2012
V963274
$325,000
$-73,000
-18%
March 18, 2013
V963274
$299,000
$-99,000
-25%
April 05, 2013
V963274
removed after 257 days
April 07, 2013
V999645
$439,900
$0
0%
May 04, 2013
V999645
$409,900
$-30,000
-7%
July 04, 2013
V999645
removed after 88 days
July 06, 2013
V1016286
$408,000
$-31,900
-7%
August 28, 2013
V1016286
removed after 53 days
January 19, 2014
V1042293
$269,900
$-170,000
-39%
March 10, 2014
V1042293
$249,900
$-190,000
-43%
March 26, 2014
V1042293
removed after 66 days
March 27, 2014
V1052666
$448,000
$0
0%
Current Days on Market: 620 (1.70years)
Current ‘Official’ Days on Market: 7
2013 Assessment: $318,900
Desperation Score: 39.9
The price is right! Cutest starter home! Beautifully updated family home with backyard, lane access and suite potential! 2 bedrooms up and one bedroom down, shared laundry. ALL NEW – roof, gutters, ‘Low E’ windows, open kitchen, new bathrms, flooring, siding & front porch. NO STRATA FEE, pay low utilities with updated electrical panel, tank-less HW heater, hi-efficiency gas furnace & gas dryer. BRAND NEW one bedroom suite down with separate entry, bright, full height basement. Open parking at back with lane access. Centrally located just mins to West Coast Express, Coquitlam Center, Bus Loop, Port Mann Bridge & future Evergreen Line Skytrain, Coquitlam Center & Douglas College. Potential with RS4 zoning.
I have a bit of a headache trying to make sense of this pricing history. I’ve looked at the historical description and nothing much has changed
#1 ) Address:# 202 1436 PORTAGE RD, Pemberton, Whistler/Pemberton
December 29, 2012
V983148
$239,500
$0
0%
February 26, 2013
V983148
$209,000
$-30,500
-13%
March 21, 2013
V983148
$198,500
$-41,000
-17%
June 02, 2013
V983148
$169,000
$-70,500
-29%
June 21, 2013
V983148
$159,000
$-80,500
-34%
September 04, 2013
V983148
$139,900
$-99,600
-42%
September 18, 2013
V983148
removed after 263 days
October 21, 2013
V1032523
$128,800
$-110,700
-46%
December 09, 2013
V1032523
removed after 49 days
January 29, 2014
V1044029
$249,000
$0
0%
March 27, 2014
V1044029
$239,000
$-10,000
-4%
Current Days on Market: 460 (1.26years)
Current ‘Official’ Days on Market: 64
2013 Assessment: $255,300
Desperation Score: 42.3
This is the lowest priced 3 bed/3 bath condo anywhere in the Sea to Sky Corridor. With a massive 1,820 square feet of living space facing directly at Mount Currie you’re getting big value here and the seller has priced it to move quick. This condo is on 2 levels with an open kitchen and living area with cozy electric river rock fireplace as well as a bedroom and bathroom on the main floor. Upstairs you’ll find 2 large bedrooms both with their own full 3 piece ensuite bathrooms, walk-in closets and 15 foot vaulted ceilings in one of the bedrooms. Upstairs also features a large storeroom for plenty of your boxes and toys along with a large, spacious laundry room with stacker washer/dryer. This condo has also just been renovated from top to bottom with new paint throughout, brand new carpeting everywhere as well as a new high efficiency 60 gallon hot water tank. BONUS: A bonus worth $22,644 which essentially brings your strata fees down to $315 per month over the first 6 years of ownership!
I suppose they renovated it and that’s why they doubled the price in 2 months? It’s possible that it was in horrible shape and the current owners purchased it for a steal before relisting their newly pimped out whistler condo but then you look at the pictures and wonder what it is that was actually done. ”BONUS: A bonus worth $22,644 which essentially brings your strata fees down to $315 per month over the first 6 years of ownership!” – interesting, a cash payment of $22K which they then use fancy math to bring the condo fees down. How about you take $50K off the price and announce that this is just like the strata is now paying you $300 per month!