Mon Post #1: Vancouver home prices are dropping

Realtor Larry Yatkowsky is out with his latest figures and for the fourth consecutive month the average detached home price in Vancouver has dropped.

Prices have gone from February’s high of $1,235,244 to a current average price of $1,061,067.

More significantly detached home sales are down 37% from this time last year and total active detached listing have soared 27% higher than this time last year.

Over on the blog Vancouver Price Drop, we are starting to see some significant price reductions. A couple of examples...

Address:# 206 1477 FOUNTAIN WY, False Creek, Vancouver West

March 09	V924617	$568,000	$0	0%
March 12	V924617	removed
March 28	V939572	$498,000	$-70,000	-12%
Open House: May 27
Open House: Jun 03, 10, 24
Open House: Jul 01
June 30	V939572	$320,000	$-248,000	-44%

Assessment: $463,000

Amazing Value-best price in the Creek! Experience one of Vancouver’s choicest communities at Granville Island with all its shops, restaurants, theatres and galleries. This well finished 2 bedroom condo exploding with light, enjoys a sunny SE exposed fenced patio in a tranquil setting. It also acts as a second entrance. With close to 1400 sq ft that will take your household furniture, a vaulted living room with garden outlook, air conditioning for comfort and a rustic kitchen with nook and library, you’ll feel instantly at home! Pluses include custom ensuite, large walk in closet, storage locker and full security. Easy wheel chair access & larger doors in the condo ease access. Open House every Sunday 1 to 3!

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 Address:4611 WOODBURN RD, Cypress Park, West Vancouver

March 15	V937107	$3,388,000	$0	0%
April 11	V937107	$3,188,000	$-200,000	-6%
April 24	V937107	$2,888,000	$-500,000	-15%
May 01	V937107	$2,688,000	$-700,000	-21%
Open House: May 20, 27
Open House: Jun 03, 10, 24
June 29	V937107	removed
July 02	V959849	$2,398,000	$-990,000	-29%

Assessment: $2,279,000

This 58,806 sq.ft. (1.35 acre) property offers total privacy with awesome ocean views. The gated entrance leads to a private rock bluff setting overlooking the views from Lion’s Gate Bridge to Vancouver Island. This spacious 5615 sq. ft home offers 3 bedrooms, 3 bathrooms, vaulted ceilings, sun drenched decks and a master bedroom with spa like ensuite. Perfectly located near Caulfeild Village, Rockridge High School and Caulfeild Elementary. This home offers a 3 car garage and indoor swimming pool to complete the package.

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 Address:3529 MATHERS AV, Westmount, West Vancouver

March 09	V924752	$4,188,888	$0	0%
April 12	V924752	removed
April 21	V944692	$3,980,000	$-208,888	-5%
May 26	V944692	$3,688,000	$-500,888	-12%
June 29	V944692	$3,288,000	$-900,888	-22%

Assessment: $3,412,000

A Sensational, almost new 5500 SQ FT, 5 bedroom, 8 bathroom home in sought after West Bay with good City and Ocean Views. Walk to Erwin Park Elementary School & the Beach. This luxury home features a large gourmet kitchen, large family room and elegant living and dining areas. The upper level features four bedroom suites including a lavish Master Suite with private patio overlooking the ocean. Enjoy a fully finished lower level with Games Room, Wine Room and Gym plus bedroom for nanny. Other features of this finely detailed home include beautiful hardwood floors, state-of-the art security system, hot tub, exercise room, wine cellar, triple garage, heated driveway. Best value in the Westmount/West Bay area…

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