The average price decline from among the 188 declines was $51,429 or 4%, little change from last week.
109 of the 188 properties (58%) were apartments the average price decline for which was $17,373, still 3%, down from the $20k average of last week. This is the third week in a row indicating a deceleration of price declines for Vancouver apartments.
8 out of the 188 or 4% (up from 1% last week) of the declines were duplexes averaging a decline of $68,305 or 4% up from around $32,500 or 3% last week.
48 or 26% of the declines were attributable to houses averaging a price decline of $71,273 r 4% when a large $2 Mill price reduction on one house was removed from the mix as an outlier.
19 or 10% of the price declines were attributable to townhouses averaging a price decline of $21,190 or 3% down from last week's price decline average of around $17k. (Undescribed properties account for some of the rounding error)
43 properties experienced price reductions in excess of 5%. But where I look at the total price reductions on properties since the time of listing, I will use only those reductions in excess of 6% to make the task manageable as it is quite time consuming. The jist of the chart below is that when one looks at the total price reduction since listing, the average price reduction works out to be 33% higher than just this week's price reduction, on the properties which produced reductions equal to or greater than 6% just this week.
|1st Listed||Total Price|
|Address||LP||Prev LP||Change||% Change||Price||% Change||Tot BR||Dwell|
|3838 W 50TH AV||4,250,000||5,000,000||750,000||15||6,000,000||29||other|
|3862 W 50TH AV||4,250,000||5,000,000||750,000||15||6,000,000||29||other|
|# 205 5868 AGRONOMY RD||699,000||799,000||100,000||13||799,000||13||1||APTU|
|6191 BOUNDARY RD||888,000||998,000||110,000||11||998,000||11||5||HOUSE|
|# 3503 667 HOWE ST||888,000||988,000||100,000||10||988,000||10||1||APTU|
|4033 W 40TH AV||1,978,000||2,198,000||220,000||10||2,198,000||10||4||HOUSE|
|2575 W 34TH AV||2,699,000||2,998,000||299,000||10||2,998,000||10||11||HOUSE|
|45 E CORDOVA ST||1,250,000||1,377,000||127,000||9||1,488,000||16||3||APTU|
|# 112 555 W 14TH AV||389,000||428,000||39,000||9||428,000||9||1||APTU|
|303 E 39TH AV||798,000||878,000||80,000||9||878,000||9||2||HOUSE|
|# 1107 8555 GRANVILLE ST||562,000||618,000||56,000||9||618,000||9||1||APTU|
|529 W 65TH AV||1,148,000||1,250,000||102,000||8||1,250,000||8||4||HOUSE|
|# 404 1975 PENDRELL ST||182,000||198,000||16,000||8||214,000||15||0||APTU|
|5365 OSLER ST||4,100,000||4,438,000||338,000||8||4,980,000||18||4||HOUSE|
|# 404 1075 COMOX ST||184,900||199,900||15,000||8||199,900||8||1||APTU|
|# 2007 8555 GRANVILLE ST||618,000||668,000||50,000||7||668,000||7||1||APTU|
|5592 TRAFALGAR ST||2,680,000||2,880,000||200,000||7||2,880,000||7||4||HOUSE|
|133 W 46TH AV||2,498,000||2,680,000||182,000||7||2,860,000||13||6||HOUSE|
|3057 W 13TH AV||2,138,000||2,288,000||150,000||7||2,368,000||10||4||HOUSE|
|# 603 1200 ALBERNI ST||497,000||530,000||33,000||6||523,000||5||2||APTU|
|# 806 928 RICHARDS ST||485,000||515,000||30,000||6||515,000||6||2||APTU|
|1832 W 11TH AV||824,000||874,000||50,000||6||998,000||17||3||TWNHS|
|2547 MACKENZIE ST||1,680,000||1,780,000||100,000||6||1,780,000||6||3||HOUSE|
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