Tues Post #1: Vancouver Price Drop

Interesting new site on the Vancouver real estate blogosphere scene you might want to check out.

Vancouver Price Drop has been put together by a keen Lower Mainland Real Estate observer who has been diligently charting listings and price changes and has now taken to posting some of the larger price drops on this new site.

The first 'weekly drop', as it is titled, is now available with 10 properties profiled.

Examples include the above pictured home at 1406 W 40TH AV, Shaughnessy, Vancouver West. The realtor description says:

Fantastic 58×145 oversized south-facing corner lot with magnificent 1925 Georgian home! Don’t miss viewing this masterpiece – over 3200 sq.ft. of living area on 3 levels with 4 bedrooms, 4 bathrooms, and flooded with natural light from south and east. Perfect home for entertaining with giant family deck through French doors, pool, and lots of yard space to play in. This truly is the perfect family home. This character home was built with first-growth timber and is warm and friendly to live in. Recent upgrades include new roof (2008), exterior paint (2010), bathrooms (2009), French doors (2006), etc

The property has seen two price drops in the last two weeks (the first slashed $719,000 off the asking price, the second a further $200,000) for a total of 26% off the original asking price.

It will be interesting to check back as the weeks and months move on.

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Email: village_whisperer@live.ca
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