Here are the 10 detached properties in 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 week AND have dropped the largest percentage overall from their original asking price. There are some gaps in assessment data – I have some old data and can pull up 2013 but if you see years missed it is because I just don’t have the information available.
Vancouver West has 5 entries in the list this week
#10 ) Address:3416 W 41ST AV, Southlands, Vancouver West
May 10, 2014
V1063406
$1,558,000
$0
0%
May 13, 2014
V1063406
$1,198,000
$-360,000
-23%
Current Days on Market: 11 (0.03years)
Current ‘Official’ Days on Market: 11
2013 Assessment: $1,115,000
2011 Assessment: $1,153,700
Desperation Score: 18.9
Charming and well maintained 3 bedroom, basement bungalow with walk-out basement. Close to all amenities & Kerrisdale shopping. Live in and hold for future development or build your dream home now. GREAT OPPORTUNITY FOR BUILDERS & INVESTORS
At least they quickly realized their initial price was mental
#9 ) Address:1157 PARK DR, South Granville, Vancouver West
June 18, 2012
V957179
$1,699,000
$0
0%
October 31, 2012
V957179
removed after 135 days
March 26, 2014
V1054250
$1,580,000
$-119,000
-7%
April 14, 2014
V1054250
$1,450,000
$-249,000
-15%
April 25, 2014
V1054250
$1,350,000
$-349,000
-21%
May 14, 2014
V1054250
$1,300,000
$-399,000
-23%
Current Days on Market: 56 (0.15years)
Current ‘Official’ Days on Market: 56
2013 Assessment: $1,095,500
2011 Assessment: $1,043,500
Desperation Score: 29.8
45′ x 120′ lot in South Granville area. South facing on the high side of the street. Shopping, restaurants, banks nearby. Easy access to Richmond City Centre, Airport and UBC. Land value only. Lloyd George Elementary and Churchill Secondary School Catchment.
Keep on going
#8 ) Address:10 SENNOK CR, University, Vancouver West
May 09, 2007
V645896
$538,000
$0
0%
May 30, 2007
V645896
removed after 21 days
March 02, 2011
V872463
$880,000
$0
0%
May 25, 2011
V872463
removed after 84 days
June 22, 2011
V895556
$880,000
$0
0%
December 15, 2011
V895556
removed after 176 days
April 25, 2014
V1059982
$688,000
$-192,000
-22%
May 16, 2014
V1059982
$668,000
$-212,000
-24%
Current Days on Market: 26 (0.07years)
Current ‘Official’ Days on Market: 26
2013 Assessment: Unknown
Desperation Score: 20.6
UBC leasehold home with nearly 5,000 sq ft of spacious living on gorgeous 1/4+ acre lot backing onto prestigious Shaughnessy Golf & Country Club. Upstairs features 3 spacious bedrooms & formal dining room, vaulted ceiling in living room, renovated kitchen with stainless appliances & large family room. This solid home features hot water radiant heat throughout. Walking distance to UBC, Pacific Spirit Park & Point Grey Golf & Country Club.
#7 ) Address:1513 W 68TH AV, S.W. Marine, Vancouver West
March 13, 2007
V634971
$938,000
$0
0%
August 01, 2007
V634971
removed after 141 days
March 15, 2012
V937203
$1,580,000
$0
0%
April 24, 2012
V937203
removed after 40 days
April 28, 2012
V946366
$1,368,000
$-212,000
-13%
May 30, 2012
V946366
removed after 32 days
May 15, 2014
V1064236
$1,188,000
$-392,000
-25%
Current Days on Market: 6 (0.02years)
Current ‘Official’ Days on Market: 6
2013 Assessment: $1,033,200
2011 Assessment: $1,103,600
Desperation Score: 12.4
Very conveniently located on West 68th Avenue, just west of Granville Street, Vancouver. Close to bus stops, stores, banks, UBC and Vancouver Airport. The house is facing south. Motivated Seller. The property will be sold as is where is. Lot size, age, floor areas and room measurements are all approximate and buyers must verify.
“Motivated Seller. The property will be sold as is where is.”
#6 ) Address:2483 W 19TH AV, Arbutus, Vancouver West
June 13, 2010
V836056
$3,189,000
$0
0%
December 31, 2010
V836056
removed after 201 days
January 16, 2011
V863755
$3,368,000
$0
0%
February 17, 2011
V863755
removed after 32 days
December 07, 2011
V921719
$4,388,000
$0
0%
January 14, 2012
V921719
$4,180,000
$-208,000
-5%
March 15, 2012
V921719
removed after 99 days
March 19, 2012
V937858
$3,950,000
$-438,000
-10%
May 02, 2012
V937858
removed after 44 days
May 05, 2012
V947746
$3,798,000
$-590,000
-13%
May 29, 2012
V947746
$3,690,000
$-698,000
-16%
November 26, 2012
V947746
removed after 205 days
January 06, 2013
V983855
$3,690,000
$-698,000
-16%
March 13, 2013
V983855
$3,500,000
$-888,000
-20%
May 28, 2013
V983855
removed after 142 days
June 06, 2013
V1010762
$3,500,000
$-888,000
-20%
December 28, 2013
V1010762
removed after 205 days
January 16, 2014
V1040421
$3,580,000
$-808,000
-18%
February 28, 2014
V1040421
removed after 43 days
March 05, 2014
V1050177
$3,580,000
$-808,000
-18%
April 01, 2014
V1050177
$3,495,000
$-893,000
-20%
May 19, 2014
V1050177
$3,298,000
$-1,090,000
-25%
Current Days on Market: 896 (2.45years)
Current ‘Official’ Days on Market: 77
2013 Assessment: $3,446,000
2012 Assessment: $3,351,000
2011 Assessment: $3,655,000
2011 Last Sale: $3,017,857 on 15/Feb/2011
Total Profit IF sold for list price: 161,301 transaction costs and 280,143 profit on sale = Profit of 118,842
Desperation Score: 24.1
Priced BELOW TAX value. This SOUTH facing 3-story custom built house with NEW home warranty in QUIET street with a handful of natural sunlight shining into the HIGH ceiling foyer through BIG windows and skylights. Located in famous Arbutusof Van West. Occupied & well-maintained by the pride of owner. High End Appliance with Double Chinese Kitchen.Just steps away from Trafalgar Elementary, Prince of Wales Secondary, 5 min drive to Lord Byng Secondary, shopping mall & Trafalgar Park. The 4058 SF living space with 6 bedrooms, 4 full & 2 half bath, & 5 backstreet PARKINGs are designed with more spacious,comfortable & functional layout.The half-basement features home theatre,recreation room & a BRIGHT suite. Priced to sell fast.
So these cretins actually purchased this home for a good price at least when compared to the assessment at the time. They then list it less than a year later for an additional $1.3 million. It’s taken two and a half years to drop $1.1 million and they are now below assessment. It pains me that they might still get out of this with a profit. Now for the pathetic description: “with a handful of natural sunlight shining into the HIGH ceiling foyer through BIG windows and skylights”, “Located in famous Arbutusof Van West”, “Occupied & well-maintained by the pride of owner”, “High End Appliance”, “5 backstreet PARKINGs”, “are designed with more spacious,comfortable & functional layout” – might as well quote the entire piece of crap description and once again it is brought to you by “Wonderful life starts in the Morning” Morning Yu. I actually figured it was her even before I clicked on the link. Sad, sad, sad…
#5 ) Address:6560 FRANCIS RD, Woodwards, Richmond
January 07, 2010
V802397
$1,498,000
$0
0%
January 07, 2010
V802397
removed after 0 days
January 13, 2010
V803383
$1,688,000
$0
0%
January 27, 2010
V803383
$1,498,000
$-190,000
-11%
February 25, 2010
V803383
removed after 43 days
August 18, 2011
V905616
$2,188,000
$0
0%
October 18, 2011
V905616
$1,998,000
$-190,000
-9%
February 15, 2012
V905616
removed after 181 days
May 21, 2013
V1006645
$1,799,000
$-389,000
-18%
June 26, 2013
V1006645
$1,699,000
$-489,000
-22%
August 07, 2013
V1006645
removed after 78 days
August 12, 2013
V1021964
$1,599,000
$-589,000
-27%
November 29, 2013
V1021964
removed after 109 days
May 19, 2014
V1065087
$1,595,000
$-593,000
-27%
Current Days on Market: 365 (1.00years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $1,729,000
2011 Assessment: $1,953,000
Desperation Score: 18.0
A must see! 4,500 sq ft dream home on a rare huge 11,288 sq ft lot (83′ x 136.5′) in Woodwards. Power gated custom design/built by European builder with top craftsmanship, Crystal chandelier, maple cabinets and granite countertop, wok kitchen w/ crown mouldings throughout. 1 block to best school: London Secondary. Has separate nanny suite; stable rental income $850/month. Decent tenant, could be rented for $1,200/mo. 24 hrs notice to show.
#4 ) Address:1280 OTTAWA AV, Ambleside, West Vancouver
May 28, 2013
V1009273
$2,499,000
$0
0%
June 04, 2013
V1009273
$2,498,000
$-1,000
0%
August 22, 2013
V1009273
$2,298,000
$-201,000
-8%
November 29, 2013
V1009273
$2,198,000
$-301,000
-12%
February 13, 2014
V1009273
$2,098,000
$-401,000
-16%
March 05, 2014
V1009273
$1,980,000
$-519,000
-21%
May 01, 2014
V1009273
removed after 338 days
May 19, 2014
V1064694
$1,799,000
$-700,000
-28%
No Picture
Current Days on Market: 358 (0.98years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $2,282,000
Desperation Score: 33.6
Extra large size lot in Ambleside, huge house with 3 bedrooms & 3 bathrooms, spacious family room off kitchen on the main & 5 bedrooms & 3 bathrooms, 2 full size new kitchens down stairs needs some TLC to become an entertaining property, enjoy the south facing sun decks with some city & water views.
“needs some TLC to become an entertaining property”
#3 ) Address:115 MOUNTAIN DR, Lions Bay, West Vancouver
May 04, 2013
V1005028
$950,000
$0
0%
June 28, 2013
V1005028
$989,800
$0
0%
July 06, 2013
V1005028
$898,800
$-91,000
-9%
August 07, 2013
V1005028
removed after 95 days
September 14, 2013
V1026824
$868,900
$-120,900
-12%
October 14, 2013
V1026824
$832,900
$-156,900
-16%
November 15, 2013
V1026824
$799,900
$-189,900
-19%
December 09, 2013
V1026824
removed after 86 days
December 13, 2013
V1038794
$799,900
$-189,900
-19%
February 05, 2014
V1038794
$775,900
$-213,900
-22%
March 12, 2014
V1038794
removed after 89 days
March 17, 2014
V1052745
$752,900
$-236,900
-24%
April 15, 2014
V1052745
$729,900
$-259,900
-26%
May 15, 2014
V1052745
$707,900
$-281,900
-28%
Current Days on Market: 382 (1.05years)
Current ‘Official’ Days on Market: 65
2013 Assessment: $837,000
Desperation Score: 41.9
Enjoy the ocean view from this contemporary home nestled on huge private lot. 4 bedrooms, 3 baths, two wood burning fireplaces, good size kitchen with centre island, sunken living room. Great investment with a little updating, call today to view.
#2 ) Address:7156 BROADWAY, Montecito, Burnaby
September 23, 2013
V1028544
$2,798,000
$0
0%
January 22, 2014
V1028544
$2,298,000
$-500,000
-18%
April 14, 2014
V1028544
removed after 203 days
April 28, 2014
V1060296
$2,368,000
$-430,000
-15%
May 14, 2014
V1060296
removed after 16 days
May 19, 2014
V1064813
$1,888,000
$-910,000
-33%
Current Days on Market: 240 (0.66years)
Current ‘Official’ Days on Market: 2
2013 Assessment: $1,301,000
2011 Assessment: $1,291,000
Desperation Score: 31.5
Come view this Stunning Dream Home, 7209 sqft, 3 Level Custom Built Family Home, over $550,000., in upgrades in the past 4 years. Major Upgrades, Include New Tiled Roof, New Paint, New Window Coverings, 2 New Hot Water Tanks, Walnut h/wflrs, Top of Line Stainless Steel Appliances and the list goes on. Two Master Bedrooms, 6 &1/2 Baths. Gourmet Kitchen Open Style to Eating and Family Room, Perfect for Kids Play. Basement includes home theatre, games room with pool table, hot tub room and an one bedroom self contained nanny suite. Triple Garage. Close to Montecito Elementary, Ecole Sperling Elementary, Burnaby North Secondary, SFU, Skytrain, Bus Transit, Lougheed Mall, Han Nam Supermarket, Brentwood Mall, All Rec Centres.
So they renovate a $1 million house with with $550K in upgrades(sure ya did) then list it for $2.8 million… yeah makes sense. Down $910K and 33% and still way overpriced
#1 ) Address:8260 GILBERT RD, Broadmoor, Richmond
February 14, 2007
V630318
$649,000
$0
0%
June 13, 2007
V630318
removed after 119 days
March 13, 2008
V694070
$718,000
$0
0%
October 01, 2008
V694070
removed after 202 days
April 21, 2010
V823712
$920,000
$0
0%
July 15, 2010
V823712
removed after 85 days
July 22, 2012
V963270
$3,180,000
$0
0%
September 24, 2012
V963270
removed after 64 days
September 29, 2012
V974169
$2,888,000
$-292,000
-9%
December 11, 2012
V974169
removed after 73 days
January 27, 2013
V987440
$2,788,000
$-392,000
-12%
March 02, 2013
V987440
removed after 34 days
March 27, 2013
V997538
$2,813,000
$-367,000
-12%
June 19, 2013
V997538
$2,748,000
$-432,000
-14%
July 20, 2013
V997538
$2,680,000
$-500,000
-16%
September 02, 2013
V997538
removed after 159 days
October 18, 2013
V1032313
$2,488,000
$-692,000
-22%
January 27, 2014
V1032313
removed after 101 days
January 31, 2014
V1044398
$2,488,000
$-692,000
-22%
March 24, 2014
V1044398
removed after 52 days
March 28, 2014
V1054792
$2,180,000
$-1,000,000
-31%
May 08, 2014
V1054792
removed after 41 days
May 16, 2014
V1064651
$1,998,000
$-1,182,000
-37%
Current Days on Market: 668 (1.83years)
Current ‘Official’ Days on Market: 5
2013 Assessment: $1,858,000
2011 Assessment: $1,849,000
Desperation Score: 40.8
RARE GEM on Gilbert Road!! A designer’s masterpiece with exceptional workmanship. Amazing QUIET thanks to the architectural layout. Open concept layout on the main floor – well ventilated interior. High end SS appliances!! Tremendous lighting allocation inside out – detailed ceiling, mouldings plus natural lighting within the house make this property BRIGHT and FUN! Heavy use of expensive/unique tiles throughout the house. Huge outdoor sundeck equiped with gas BBQ stove, colourful LED lights in the family room & media room with WET BAR provides countless opportunities for parties & gathering. Media room can be easily converted into an in-law or guest suite. Steps away to Ferris Elementary & Richmond High School.
37% in drops and yet still above assessment