Largest Price Declines for Homes For Sale in Vancouver


Blog by Arnold Shuchat | May 25th, 2013


Below is this week's chart of the largest price declines  (those over 5%) for Vancouver homes for sale. In the last week, there were 178 price changes of which 172 were price declines (about 20 less than last week). The average price decline from among the 172 declines was $47,126 or 4% up from $42,405 last week. 106 of the 172 properties (62%) were apartments the average price decline for which was $26,832 or 4%. 4 out of the 172 or 2.3% of the declines were duplexes averaging a decline of $40,500 or 4%. 48 or 28% of the declines were attributable to houses averaging a price decline of $100,685  or 5%, but 55% of the $4.8 mill that came off prices was attributable to the top 6 price changes.  In fact, a 40% price change on our No 1 unit of $800,000 skewed much of the data for this week. 13 or 7.5% of the price declines were attributable to townhouses averaging a price decline of $17,562, or 3% down from last week's price decline average of around $43k.
 
Address LP Prev LP Change % Change Tot BR Dwell Yr Blt
7888 NANAIMO ST 1,199,999 1,999,999 800,000 40 6 HOUSE 2009
# 3703 193 AQUARIUS MEWS BB 1,980,000 2,288,000 308,000 13 3 APTU 2001
# 301 8 SMITHE ME 1,390,000 1,590,000 200,000 13 3 APTU 2009
# 212 1880 W 57TH AV 848,000 958,000 110,000 11 2 APTU 2012
1490 BALFOUR AV 3,580,000 3,988,000 408,000 10 8 HOUSE 9999
# 214 1880 W 57TH AV 758,000 838,000 80,000 10 2 APTU 2012
# 604 2101 MCMULLEN AV 399,000 440,000 41,000 9 1 APTU 1977
# 320 711 E 6TH AV 209,000 229,900 20,900 9 1 APTU 1969
# 1301 4815 ELDORADO MEWS BB 318,000 349,000 31,000 9 1 APTU 2013
# 503 4685 VALLEY DR 2,080,000 2,280,000 200,000 9 3 APTU 2003
1575 ACADIA RD 7,380,000 7,980,000 600,000 8 5 HOUSE 1997
# 702 3061 E KENT AV 248,800 268,000 19,200 7 2 APTU 1991
# 401 1409 W PENDER ST 1,299,900 1,399,000 99,100 7 2 APTU 2011
# 1103 1099 MARINASIDE CR 818,000 880,000 62,000 7 2 APTU 2000
3961 SW MARINE DR 1,998,000 2,148,000 150,000 7 6 HOUSE 1992
1332 W 47TH AV 2,699,000 2,899,000 200,000 7 2 HOUSE 9999
3421 E 3RD AV 1,108,000 1,188,000 80,000 7 7 HOUSE 1993
3854 W 14TH AV 3,900,000 4,180,000 280,000 7 4 HOUSE 2008
# 318 3440 W BROADWAY BB 438,000 468,000 30,000 6 2 APTU 1994
2428 VENABLES ST 888,000 948,800 60,800 6 5 HOUSE 1975
5650 MACKENZIE ST 1,488,000 1,588,000 100,000 6 5 HOUSE 1957
# 102 1450 PENNYFARTHING DR 375,000 399,800 24,800 6 1 APTU 1985
2188 W 14TH AV 1,268,000 1,350,000 82,000 6 4 DUPXH 1990
# 3706 1011 W CORDOVA ST 3,900,000 4,150,000 250,000 6 2 APTU 2010
3289 W 36TH AV 3,288,000 3,488,000 200,000 6 6 HOUSE 2012
# 204 3505 W BROADWAY BB 329,000 349,000 20,000 6 1 APTU 1989
4831 TRAFALGAR ST 1,300,000 1,378,000 78,000 6 5 HOUSE 1920
# 1104 1219 HARWOOD ST 254,900 269,900 15,000 6 1 APTU 1967
# 38 3421 E 49TH AV 459,000 485,000 26,000 5 5 TWNHS 1974
# 503 499 DRAKE ST 1,599,000 1,688,000 89,000 5 2 APTU 2004
# 304 2121 W 6TH AV 359,900 379,900 20,000 5 1 APTU 1975
3590 W 30TH AV 1,980,000 2,088,000 108,000 5 5 HOUSE 1976
# 211 1880 W 57TH AV 738,000 778,000 40,000 5 2 APTU 2012
# 304 1880 W 57TH AV 738,000 778,000 40,000 5 2 APTU 2012
# 302 1623 E 2ND AV 369,000 389,000 20,000 5 1 APTU 1993
# 302 1880 W 57TH AV 758,000 798,000 40,000 5 2 APTU 2012
# 303 1880 W 57TH AV 758,000 798,000 40,000 5 2 APTU 2012
3282 W KING EDWARD AV 1,898,000 1,998,000 100,000 5 6 HOUSE 1989
3286 W 23RD AV 1,598,000 1,680,000 82,000 5 2 HOUSE 1948
# 105 8680 FREMLIN ST 199,000 209,000 10,000 5 1 APTU 1964
# 509 1050 BURRARD ST 399,000 419,000 20,000 5 1 APTU 1995
3775 COLLINGWOOD ST 3,098,000 3,250,000 152,000 5 5 HOUSE 1930
# 403 16 LAKEWOOD DR 210,000 220,000 10,000 5 1 APTU 1981

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.