Largest Price Declines for Homes For Sale in Vancouver


Blog by Arnold Shuchat | July 27th, 2013


The information contained herein has been derived from reported listings in the Vancouver West and East selling areas.

The bracketed numbers represent last week's stats from this same report.

Below is this week's chart of the largest price declines (those over 5%) for Vancouver homes for sale from July 21-27(Morning). In the last business week ending saturday morning, there were 135 (135) price changes of which 124 (129) were price declines.  The average price decline from among the 124 declines was $41,918 ($37.380) or 3%. 

68 (73)  of the 124 properties or 55% (60.8%) were apartments the average price decline for which was $17,053 ($23,535) or 3%(3%). 

There were no duplex price declines this week. 

43 (31)(30) or 35% (24%)  of the declines were attributable to houses averaging a price decline of $85,958 ($78,773)  or 4% (4%). 

12 (18)  or 10% (13.9%) of the price declines were attributable to townhouses averaging a price decline of $25,008 ($24,533) or (3%) (3%).  

Well this last week saw 280 (312) (384) new listings and 201 (215) (201) sales for a total absorption rate of 72% (68.9%) (52%) (42.2%), Continuing the consistent trend.

Apartments registered  118 (114) (114) sales against new listings of 152 (154) (191) for an Absorption ratio of: 78% (75%) (59%) (47.5%)
Townhouses registered 14 (22) (18) sales against new listings of 34 (20) (35) for an Absorption ratio of: 41% (110%) (51%)(37.1%)
Houses registered 63(75) (63) sales against new listings of 83 (122) (142) for an Absorption ratio of: 76% (61.4%) (44%)(36%).
Duplexes registered 10 (4)(5) sales out of 11 (13) (16) new listings for an absorption ratio of 91% (30.7%) (31%)

Great week for duplexes and a solid week for apartment and houses!

A word of caution is necessary.  I don't always publish these numbers at the same time such that a tally 7 days back taken in the morning as opposed to late in the day may indicate a reduced count of something that might otherwise be reported later in the day.  In addition, while there is a bias in favour of "getting a listing up and running", the compliance with the reporting of sales may be a little more lax such that a report 3 weeks later would likely show more accurate numbers.  It follows then that "Sales to Active listing" numbers can be reasonably taken to be understated in these type of real time up to the minute reports as the sales are likely lagging as opposed to the listing numbers.

Happy Hunting!

Address LP Prev LP Change % Change Tot BR Dwell Year Built
4049 W 41ST AV 1,300,000 1,500,000 200,000 13 2 HOUSE 9999
5538 WILLOW ST 2,080,000 2,298,000 218,000 9 3 HOUSE 9999
1008 CONNAUGHT DR 2,998,000 3,298,000 300,000 9 5 HOUSE 2011
# 406 2272 DUNDAS ST 210,000 230,000 20,000 9 1 APTU 1990
4818 SELKIRK ST 5,488,000 5,990,000 502,000 8 8 HOUSE 1991
# 2506 1028 BARCLAY ST 1,099,000 1,198,000 99,000 8 2 APTU 2011
1799 W KING EDWARD AV 3,498,000 3,800,000 302,000 8 6 HOUSE 1912
2868 EUCLID AV 1,099,000 1,190,000 91,000 8 10 HOUSE 1985
# 1001 1570 W 7TH AV 699,000 750,000 51,000 7 2 APTU 2003
# 708 518 MOBERLY RD 1,498,000 1,599,000 101,000 6 3 APTU 1989
3581 W 26TH AV 1,688,000 1,798,000 110,000 6 6 HOUSE 1912
258 E 45TH AV 1,580,000 1,680,000 100,000 6 8 HOUSE 1982
2107 W 36TH AV 1,688,000 1,788,000 100,000 6 4 HOUSE 9999
3758 W 35TH AV 2,250,000 2,380,000 130,000 5 4 HOUSE 1984
1850 MARINE DR 5,390,000 5,699,000 309,000 5 6 HOUSE 1932
# 1405 1420 W GEORGIA ST 349,000 369,000 20,000 5 1 APTU 2002
# 28 4900 CARTIER ST 1,155,000 1,220,000 65,000 5 3 TWNHS 1982
3995 DUNBAR ST 1,780,000 1,880,000 100,000 5 4 HOUSE 1982
6835 VIVIAN ST 2,258,000 2,380,000 122,000 5 8 HOUSE 2008
# 704 1575 W 10TH AV 759,000 800,000 41,000 5 2 APTU 1999
# 302 5626 LARCH ST 569,000 599,000 30,000 5 2 APTU 1996
# 114 2320 W 40TH AV 569,000 599,000 30,000 5 2 APTU 1979
3615 HENNEPIN AV 740,000 779,000 39,000 5 4 HOUSE 1980
# 102 5649 KINGS RD 379,900 399,800 19,900 5 1 TWNHS 2007
476 W 26TH AV 1,899,000 1,998,000 99,000 5 5 HOUSE 1948
3973 BOUNDARY RD 921,000 968,000 47,000 5 3 HOUSE 1960
2803 W 13TH AV 1,988,000 2,088,000 100,000 5 6 HOUSE 2011
# 2801 928 BEATTY ST 322,000 338,000 16,000 5 0 APTU 2005

If you or any of your friends are thinking of buying or selling a property, please
email me at: ashuchat@shuchatgroup.com or call me at: 778-227-7325 to discuss
a detailed purchasing or marketing plan which could help save thousands of dollars.