Largest Price Declines for Homes For Sale in Vancouver-May 2013


Blog by Arnold Shuchat | June 2nd, 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 222 price changes of which 212 were price declines (about 40 more than last week). The average price decline from among the 212 declines was $48,719 or 4%, little change from last week. 129 of the 212 properties (61%) were apartments the average price decline for which was $20,093 or 3%, down from the $26k average of last week. 2 out of the 212 or 1% of the declines were duplexes averaging a decline of $32,500 or 3%. 56 or 26.4% of the declines were attributable to houses averaging a price decline of $99,016  or 4%. 21 or 10% of the price declines were attributable to townhouses averaging a price decline of $23,910 or 3% down from last week's price decline average of around $17k. (Undescribed properties account for some of the rounding error)


Address LP Prev LP Change % Change Tot BR Dwell Yr Blt
3838 W 50TH AV 4,250,000 5,000,000 750,000 15
3862 W 50TH AV 4,250,000 5,000,000 750,000 15
# 212 1880 W 57TH AV 848,000 958,000 110,000 11 2 APTU 2012
538 W 59TH AV 2,380,000 2,680,000 300,000 11 7 HOUSE 2013
2208 - 2228 ALDER ST 995,000 1,109,600 114,600 10 0 OTHER 2012
# 214 1880 W 57TH AV 758,000 838,000 80,000 10 2 APTU 2012
4132 TYTAHUN CR 696,000 769,000 73,000 9 8 HOUSE 1978
625 W 32ND AV 3,888,000 4,290,000 402,000 9 8 HOUSE 2012
# 203 1554 BURNABY ST 340,000 375,000 35,000 9 1 APTU 1990
# 604 2101 MCMULLEN AV 399,000 440,000 41,000 9 1 APTU 1977
# 315 5818 LINCOLN ST 398,000 438,000 40,000 9 3 APTU 1997
1010 W 57TH AV 3,999,888 4,388,888 389,000 9 8 HOUSE 2011
# 503 4685 VALLEY DR 2,080,000 2,280,000 200,000 9 3 APTU 2003
2794 W 19TH AV 2,190,000 2,398,000 208,000 9 5 HOUSE 2012
2783 E 47TH AV 1,088,000 1,188,000 100,000 8 4 HOUSE 1965
1359 PARK DR 999,000 1,088,000 89,000 8 3 HOUSE 1941
529 W 65TH AV 1,148,000 1,250,000 102,000 8 4 HOUSE 1956
2083 W 20TH AV 4,500,000 4,899,000 399,000 8 4 HOUSE 1949
5365 OSLER ST 4,100,000 4,438,000 338,000 8 4 HOUSE 1984
1368 W 59TH AV 2,680,000 2,898,000 218,000 8 4 HOUSE 1990
2404 PINE ST 868,000 938,000 70,000 7 2 TWNHS 2008
2707 E 45TH AV 1,288,000 1,388,000 100,000 7 4 HOUSE 1964
# 312 1425 W 6TH AV 399,000 429,000 30,000 7 1 APTU 2000
# 308 8680 FREMLIN ST 268,800 289,000 20,200 7 1 APTU 1964
3275 MARMION AV 649,000 695,000 46,000 7 5 HOUSE 9999
5650 MACKENZIE ST 1,488,000 1,588,000 100,000 6 5 HOUSE 1957
# 503 567 HORNBY ST 219,900 234,500 14,600 6 1 APTU 1999
# 102 1450 PENNYFARTHING DR 375,000 399,800 24,800 6 1 APTU 1985
# 1601 1650 BAYSHORE DR 1,499,900 1,598,800 98,900 6 2 APTU 2003
# 205 3440 W BROADWAY BB 338,000 359,000 21,000 6 1 APTU 1994
# 2307 1128 W HASTINGS ST 161,000 171,000 10,000 6 1 OTHER 2000
# 703 1330 HARWOOD ST 224,000 237,800 13,800 6 0 APTU 1970
1832 W 11TH AV 824,000 874,000 50,000 6 3 TWNHS 1989
2148 - 2150 FERNDALE ST 829,500 879,500 50,000 6 4 HOUSE 1925
# 302 1850 COMOX ST 234,900 249,000 14,100 6 1 APTU 1968
# 1109 5288 MELBOURNE ST 339,900 359,900 20,000 6 2 APTU 1999
5722 KILLARNEY ST 1,038,888 1,098,000 59,112 5 4 HOUSE 1979
# 306 3628 RAE AV 223,900 236,500 12,600 5 1 APTU 1994
# 104 215 N TEMPLETON DR 179,000 189,000 10,000 5 0 APTU 1983
3861 W 35TH AV 3,580,000 3,780,000 200,000 5 6 HOUSE 2004
# 503 499 DRAKE ST 1,599,000 1,688,000 89,000 5 2 APTU 2004
3590 W 30TH AV 1,980,000 2,088,000 108,000 5 5 HOUSE 1976
3630 TRAFALGAR ST 3,688,000 3,888,888 200,888 5 5 HOUSE 2013
# 1603 5868 AGRONOMY RD 1,288,888 1,358,800 69,912 5 2 APTU 2012
6849 BEECHWOOD ST 3,688,000 3,888,000 200,000 5 5 HOUSE 1989
# 304 1880 W 57TH AV 738,000 778,000 40,000 5 2 APTU 2012
# 211 1880 W 57TH AV 738,000 778,000 40,000 5 2 APTU 2012
# 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
3286 W 23RD AV 1,598,000 1,680,000 82,000 5 2 HOUSE 1948
# 205 865 W 15TH AV 447,000 469,900 22,900 5 2 APTU 1989
# 1103 1680 BAYSHORE DR 998,000 1,048,000 50,000 5 2 APTU 2002
1928 GRAVELEY ST 999,000 1,049,000 50,000 5 4 HOUSE 1911
3730 W 13TH AV 3,998,000 4,198,000 200,000 5 4 HOUSE 1991
5726 ANGUS DR 2,180,000 2,288,000 108,000 5 5 HOUSE 1928
# 503 1515 HOMER MEWS ME 1,429,000 1,499,000 70,000 5 2 APTU 2005
1918 W 61ST AV 2,280,000 2,388,000 108,000 5 7 HOUSE 1988

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.