Largest Price Declines on Richmond Homes


Blog by Arnold Shuchat | September 5th, 2014


Here is the list of the largest price declines on Richmond homes for the last 14 days. At the top of the list is a new develoopment on the water in the Hamilton selling area. A near 20% price reduction on a single listing in this new on the water "Marina" style developmentthat is also offering a $50,000 selling bonus to the selling Realtor! Further investigation reveals that there are 6 such new homes being offered for sale with similar incentives... to the Realtor, that is.  In addition, while the list is only price reductions, often, houses are delisted and relisted at a lower price such that they would not make this list unless it got picked up another way.  So the list is likely understated and there are more such units with price changes disguised as new listings.

 
Address LP Prev LP $ Change % Change Tot BR Dwell Age
# 6 23740 DYKE RD 1,450,000 1,788,000 338,000 19 3 HOUSE 0
3631 SEMLIN DR 1,598,000 1,798,000 200,000 11 5 HOUSE 18
10340 ODLIN RD 828,000 925,000 97,000 10 4 HOUSE 42
5546 CORNWALL DR 1,438,000 1,580,000 142,000 9 3 HOUSE 23
9131 DESMOND RD 2,200,000 2,398,000 198,000 8 4 HOUSE 3
6560 BOUCHARD CT 1,138,000 1,238,000 100,000 8 4 HOUSE 26
8060 SAUNDERS RD 1,638,000 1,780,000 142,000 8 6 HOUSE 20
5851 MCCALLAN RD 2,399,000 2,580,000 181,000 7 5 HOUSE 3
9540 GLENALLAN DR 1,198,000 1,288,000 90,000 7 6 HOUSE 7
4200 RIVER RD 2,990,000 3,200,000 210,000 7 5 HOUSE 39
6031 TAKLA PL 1,298,000 1,388,000 90,000 6 6 HOUSE 21
7631 SUNNYDENE RD 2,998,000 3,188,000 190,000 6 5 HOUSE 1
6928 ROBSON DR 1,438,000 1,528,000 90,000 6 5 HOUSE 13
9871 HERBERT RD 1,035,000 1,098,000 63,000 6 2 HOUSE 56
6280 DUNSMUIR CR 1,498,000 1,586,000 88,000 6 5 HOUSE 16
5653 CORNWALL DR 1,598,000 1,688,000 90,000 5 6 HOUSE 22
3300 TRUTCH AV 1,780,000 1,880,000 100,000 5 5 HOUSE 9
4155 TYSON PL 499,900 527,888 27,988 5 3 HOUSE 37
5540 COLBECK PL 1,189,000 1,249,000 60,000 5 3 HOUSE 55
5960 GIBBONS DR 1,998,000 2,088,000 90,000 4 5 HOUSE 0
9855 SOUTHGATE PL 898,000 938,000 40,000 4 6 HOUSE 26
7331 BAFFIN CT 1,149,000 1,198,000 49,000 4 4 HOUSE 26
9800 HERBERT RD 2,488,000 2,588,000 100,000 4 5 HOUSE 3
6081 FORSYTH CR 2,580,000 2,680,000 100,000 4 5 HOUSE 37
4971 CABOT DR 2,788,000 2,880,000 92,000 3 5 HOUSE 1
9671 HADDON CT 1,578,000 1,628,000 50,000 3 6 HOUSE 26
5011 HOLLYMOUNT GT 648,000 668,000 20,000 3 3 DUPLX 37
5960 FORSYTH CR 1,749,000 1,799,000 50,000 3 5 HOUSE 5
4566 BRITANNIA DR 1,099,000 1,129,000 30,000 3 3 HOUSE 27
6411 WILLIAMS RD 879,000 898,889 19,889 2 5 HOUSE 38
9488 SAUNDERS RD 1,850,000 1,890,000 40,000 2 5 HOUSE 2
3331 FRANCIS RD 1,568,000 1,595,000 27,000 2 5 HOUSE 2
7191 AFTON DR 1,950,000 1,980,000 30,000 2 5 HOUSE 4
4851 PRINCETON AV 788,000 799,000 11,000 1 3 HOUSE 36
11091 CAMBIE RD 808,000 818,000 10,000 1 4 HOUSE 40
11040 SEAHURST RD 928,888 939,900 11,012 1 5 HOUSE 38
10740 GILMORE CR 705,000 709,900 4,900 1 3 HOUSE 35
2255 MCLENNAN AV 745,000 749,000 4,000 1 5 HOUSE 21
22760 GILLEY RD 599,000 600,000 1,000 0 3 HOUSE 46

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