Richmond Real Estate Market Report-Largest Price Declines


Blog by Arnold Shuchat | February 16th, 2014


Over the last 14 days ending with Feb 16, there have been 79 price changes of which 71 have been price reductions on all property types listed in Richmond. Below is a complete table of all of the price reductions listed in order of percentage magnitude of the price change.  For a more in-depth analysis on Seller motivation on any particular listing, please feel free to call me at 7787-227-7325.

 
Address LP Prev LP Change % Change Tot BR Dwell Yr Blt
8520 SIDAWAY RD 1,999,000 2,250,000 251,000 11.16         
14671 TRIANGLE RD 888,000 988,000 100,000 10.12         
# 221 12633 NO 2 RD 299,900 329,000 29,100 8.84 2 APTU 1997
5840 LAURELWOOD CT 1,369,900 1,499,800 129,900 8.66 5 HOUSE 1987
10740 REYNOLDS DR 998,000 1,088,000 90,000 8.27 5 HOUSE 1974
# 302 8600 PARK RD 355,000 387,000 32,000 8.27 1 APTU 2011
9631 ASH ST 1,288,000 1,398,000 110,000 7.87 4 HOUSE 1975
# 317 8870 CITATION DR 218,000 236,000 18,000 7.63 2 APTU 1981
5900 FRANCIS RD 1,678,888 1,798,888 120,000 6.67 5 HOUSE 2013
# 4 7100 LYNNWOOD DR 469,000 499,000 30,000 6.01 2 TWNHS 1999
4260 BRYSON BY 699,000 738,000 39,000 5.28 3 HOUSE 1992
8511 PIGOTT RD 1,458,000 1,538,000 80,000 5.20 5 HOUSE 2011
10800 BLUNDELL RD 899,900 948,900 49,000 5.16         
# 102 8680 LANSDOWNE RD 318,000 335,000 17,000 5.07 2 APTU 1989
# 403 5151 BRIGHOUSE WY 1,698,000 1,788,000 90,000 5.03 3 APTU 2013
# 112 8500 LANSDOWNE RD 199,000 209,000 10,000 4.78 1 APTU 1981
3300 SPRINGFORD AV 1,798,000 1,880,000 82,000 4.36 4 HOUSE 2012
# PH1 7100 GILBERT RD 369,000 385,000 16,000 4.16 2 APTU 1983
# 29 10011 SWINTON CR 349,900 365,000 15,100 4.14 3 TWNHS 1974
# 808 7117 ELMBRIDGE WY 499,000 519,900 20,900 4.02 2 APTU 2013
# 1106 7360 ELMBRIDGE WY 468,000 486,000 18,000 3.70 2 APTU 2008
# 302 10220 RYAN RD 236,000 244,900 8,900 3.63 2 APTU 1976
12091 NO 2 RD 798,800 828,000 29,200 3.53 4 HOUSE 9999
7500 NO 4 RD 1,399,888 1,450,888 51,000 3.52 4 HACR 1987
# 104 8660 JONES RD 299,800 310,000 10,200 3.29 2 APTU 1994
# 304 7700 GILBERT RD 328,800 339,800 11,000 3.24 2 APTU 1990
# 401 5111 BRIGHOUSE WY 1,548,000 1,599,000 51,000 3.19 3 APTU 2013
# 206 8120 BENNETT RD 334,900 345,900 11,000 3.18 2 APTU 1988
# 14 5988 BLANSHARD DR 629,000 649,000 20,000 3.08 3 TWNHS 2002
# 131 6828 ECKERSLEY RD 353,800 364,800 11,000 3.02 1 APTU 2012
3400 SPRINGFIELD DR 775,000 799,000 24,000 3.00 3 HOUSE 1960
9791 SWANSEA DR 630,000 649,000 19,000 2.93 4 DUPXH 1976
# 62 9240 GLENACRES DR 359,000 369,800 10,800 2.92 2 TWNHS 1972
9731 PIGOTT RD 1,288,000 1,326,000 38,000 2.87 4 HOUSE 2012
# 509 7362 ELMBRIDGE WY 345,000 355,000 10,000 2.82 1 APTU 2008
# 201 8591 WESTMINSTER HY 209,900 215,900 6,000 2.78 1 APTU 1982
# 305 7457 MOFFATT RD 314,900 323,900 9,000 2.78 1 APTU 1990
# 158 4099 STOLBERG ST 388,000 399,000 11,000 2.76 2 APTU 2013
# 809 9180 HEMLOCK DR 321,000 330,000 9,000 2.73 1 APTU 2006
# 1602 6611 MINORU BV 465,000 478,000 13,000 2.72 2 APTU 1974
# 107 14100 RIVERPORT WY 408,000 418,800 10,800 2.58 2 APTU 2006
# 12 9800 KILBY DR 535,000 549,000 14,000 2.55 3 TWNHS 1990
# 405 14100 RIVERPORT WY 299,000 306,800 7,800 2.54 1 APTU 2006
9211 WALFORD ST 829,000 849,900 20,900 2.46 4 HOUSE 1996
# 305 9299 TOMICKI AV 439,000 450,000 11,000 2.44 2 APTU 2009
# 312 8060 JONES RD 329,800 338,000 8,200 2.43 2 APTU 2003
# 328 12931 RAILWAY AV 730,000 748,000 18,000 2.41 2 APTU 1995
# 704 8160 LANSDOWNE RD 408,000 418,000 10,000 2.39 1 APTU 2010
# 411 9299 TOMICKI AV 429,000 439,000 10,000 2.28 2 APTU 2009
# 1707 7360 ELMBRIDGE WY 352,000 359,900 7,900 2.20 1 APTU 2008
# 5 7231 NO 2 RD 468,000 478,000 10,000 2.09 2 TWNHS 2009
5605 WILSON CT 709,900 725,000 15,100 2.08 5 HOUSE 1992
# 7 10168 KILBY DR 499,000 509,000 10,000 1.96 3 TWNHS 1997
# 9 5820 DOVER CR 558,000 568,800 10,800 1.90 3 TWNHS 1994
# 20 7240 LANGTON RD 479,000 488,000 9,000 1.84 3 TWNHS 1985
3800 KILBY CT 1,068,000 1,088,000 20,000 1.84 5 HOUSE 1990
# 278 9100 FERNDALE RD 388,000 395,000 7,000 1.77 2 APTU 2006
10591 SORREL DR 1,699,000 1,728,000 29,000 1.68 4 HOUSE 2011
9673 GENERAL CURRIE RD 1,180,000 1,200,000 20,000 1.67 5 HOUSE 2006
# 1507 7360 ELMBRIDGE WY 349,000 354,900 5,900 1.66 1 APTU 2008
# 22 7100 LYNNWOOD DR 418,000 425,000 7,000 1.65 2 TWNHS 1998
# 1 4109 GARRY ST 739,000 749,900 10,900 1.45 4 TWNHS 2002
# 246 5888 DOVER CR 343,900 348,900 5,000 1.43 2 APTU 1997
# 335 5700 ANDREWS RD 349,900 354,900 5,000 1.41 2 APTU 2001
11600 DANIELS RD 985,000 999,000 14,000 1.40 4 HOUSE 1994
# 110 8511 WESTMINSTER HY 243,880 247,110 3,230 1.31 1 APTU 1985
# 32 6300 BIRCH ST 728,000 735,000 7,000 0.95 3 TWNHS 2004
# 94 6880 LUCAS RD 533,000 538,000 5,000 0.93 3 TWNHS 1977
# 110 4280 MONCTON ST 322,000 325,000 3,000 0.92 1 APTU 2005
8988 HEATHER ST 1,988,000 1,998,000 10,000 0.50 6 HOUSE 2014
# 1501 3333 CORVETTE WY 598,500 599,000 500 0.08 2 APTU 2010 

For a graphic view of the market performances of Richmond, Vancouver and North Vancouver, please click here:
 http://www.shuchatgroup.com/RealEstateMarketStats.ubr