Metro Vancouver condo prices fall 18% from peak

Metro Vancouver condo prices have dropped by 18% from the March 2018 peak with some units selling 32% below assessment.

The Open House House Price Index for condos – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method1 – fell 8% year-over-year as in July.

Looking at home sales reported in the last 30 days, with nearly 9 out of 10 condos sold for below 2019 assessed value in the City of Vancouver, with the median condo selling for 9% below assessment.

A unit at Yacht Harbour Pointe in Yaletown sold for 32% below assessment, while another at Kerisdale’s St Moritz sold for 30% below assessed.

The per-square-foot prices of condos within City of Vancouver ranged from $445 at Champlain Ridge (leasehold) to $2,474 at Trump Tower.

Condo prices in other major Metro Vancouver municipalities have all shown similar declines.

Vancouver

AddressAssessedTrue List PriceTrue List DateYear BuiltSold PriceSold Date% Change from AssessedSqftPrice per sqft
303 1600 HORNBY STREET$3,048,000$2,388,00013-Oct-20151995$2,070,00005-Jul-2019-32.091,774$1,166
902 2350 W 39TH AVENUE$1,202,000$1,188,00022-Apr-20181987$845,00008-Jul-2019-29.701,009$837
207 255 E 14TH AVENUE$607,300$598,00028-Jan-20191973$490,00008-Jul-2019-19.32641$764
1509 188 KEEFER STREET$937,000$935,00008-Dec-20172016$760,00015-Jul-2019-18.89850$894
214 336 E 1ST AVENUE$674,000$699,00006-May-20191994$550,00016-Jul-2019-18.40927$593
704 538 SMITHE STREET$745,000$729,00011-Mar-20192007$610,00009-Jul-2019-18.12646$944
3003 1500 HORNBY STREET$2,108,000$1,998,00024-Apr-20191993$1,750,00003-Jul-2019-16.981,390$1,258
2905 501 PACIFIC STREET$1,139,000$1,060,00026-Mar-20191999$950,00011-Jul-2019-16.59970$979
1107 3455 ASCOT PLACE$472,000$458,00015-Oct-20181994$396,00015-Jul-2019-16.10646$613
2007 1367 ALBERNI STREET$927,000$949,00023-Jan-20191999$778,00005-Jul-2019-16.07830$937
1409 1708 COLUMBIA STREET$929,000$849,90028-Mar-20192013$780,00015-Jul-2019-16.04708$1,101
308 429 W 2ND AVENUE$828,000$798,00025-Apr-20192012$700,00006-Jul-2019-15.46692$1,011
2507 8131 NUNAVUT LANE$965,000$988,00028-Mar-20192016$820,00022-Jul-2019-15.03769$1,066
307 4818 ELDORADO MEWS$768,000$725,00029-Apr-20192013$655,00009-Jul-2019-14.71906$722
312 77 WALTER HARDWICK AVENUE$1,101,000$999,90017-Apr-20172009$940,00014-Jul-2019-14.62949$990
501 3168 RIVERWALK AVENUE$690,000$624,90019-Mar-20192015$590,00009-Jul-2019-14.49804$733
410 315 RENFREW STREET$515,000$478,00026-Mar-20191992$441,50009-Jul-2019-14.27738$598
209 2635 PRINCE EDWARD STREET$846,000$845,00008-Apr-20192005$732,00007-Jul-2019-13.48845$866
2603 1372 SEYMOUR STREET$866,000$849,90004-Apr-20192013$750,00007-Jul-2019-13.39645$1,162
1751 38 SMITHE STREET$1,107,000$998,00010-Apr-20172016$962,00008-Jul-2019-13.10806$1,193
5188 CHAMBERS STREET$676,000$649,00012-Jul-20182017$587,50003-Jul-2019-13.09870$675
1101 1633 ONTARIO STREET$5,977,000$5,980,00019-Jul-20182009$5,200,00013-Jul-2019-13.002,830$1,837
3109 777 RICHARDS STREET$1,493,000$1,429,00020-Mar-20192016$1,300,00006-Jul-2019-12.931,055$1,232
1107 1323 HOMER STREET$688,000$530,00002-Oct-20151993$600,00007-Jul-2019-12.79745$805
909 777 RICHARDS STREET$1,371,000$1,398,00016-Apr-20192016$1,200,00011-Jul-2019-12.471,137$1,055
501 5555 YEW STREET$953,000$1,090,00025-Feb-20191977$835,00012-Jul-2019-12.381,239$673
211 3133 RIVERWALK AVENUE$688,000$679,00006-May-20192013$605,00014-Jul-2019-12.06868$697
304 650 MOBERLY ROAD$982,000$688,00028-Apr-20161986$865,00004-Jul-2019-11.91901$960
1205 1060 ALBERNI STREET$800,000$828,00014-Jan-20191988$710,00017-Jul-2019-11.25831$854
201 5115 CAMBIE STREET$1,132,000$1,160,00014-Mar-20192017$1,005,00006-Jul-2019-11.22892$1,126
1506 1212 HOWE STREET$650,000$628,00008-Apr-20192008$577,50010-Jul-2019-11.15556$1,038
1008 108 W 1ST AVENUE$775,000$599,00024-Jun-20162013$690,00011-Jul-2019-10.97596$1,157
1006 933 E HASTINGS STREET$544,000$525,00008-May-20192018$485,00009-Jul-2019-10.85553$877
6702 1151 W GEORGIA STREET$3,305,000$3,389,00002-May-20192016$2,950,00012-Jul-2019-10.741,192$2,474
302 2108 W 38TH AVENUE$945,000$898,00007-May-20191992$848,00017-Jul-2019-10.261,235$686
2801 1050 BURRARD STREET$1,165,000$1,250,00014-Jan-20191994$1,050,00014-Jul-2019-9.871,158$906
1608 668 CITADEL PARADE$848,000$899,00008-Dec-20182007$765,00004-Jul-2019-9.79800$956
305 5955 IONA DRIVE$1,784,000$1,988,00028-Aug-20182007$1,610,00004-Jul-2019-9.751,468$1,096
702 5639 HAMPTON PLACE$911,000$964,90025-Mar-20192000$825,00006-Jul-2019-9.441,108$744
205 2677 E BROADWAY$680,000$490,00021-Mar-20171996$616,00013-Jul-2019-9.411,126$547
3205 1408 STRATHMORE MEWS$800,000$748,00023-Apr-20192002$725,00004-Jul-2019-9.38586$1,237
110 2277 E 30TH AVENUE$378,100$415,00003-Apr-20181977$343,00018-Jul-2019-9.28671$511
704 2288 PINE STREET$1,047,000$1,088,00002-Nov-20181991$950,00017-Jul-2019-9.261,128$842
2505 930 CAMBIE STREET$756,000$839,00028-Jan-20191994$690,00003-Jul-2019-8.73820$841
301 983 E HASTINGS STREET$657,000$699,00008-Mar-20192018$600,00008-Jul-2019-8.68684$877
404 1575 BEACH AVENUE$628,000$650,00013-Mar-20191977$575,00014-Jul-2019-8.44658$873
808 2788 PRINCE EDWARD STREET$1,105,000$718,80016-Sep-20152013$1,015,00017-Jul-2019-8.14970$1,046
1007 3663 CROWLEY DRIVE$652,000$658,00006-May-20192005$599,00003-Jul-2019-8.13873$686
1105 8588 CORNISH STREET$909,000$721,00015-Sep-20152014$840,00016-Jul-2019-7.59816$1,029
418 2388 WESTERN PARKWAY$898,000$920,00020-Feb-20192005$833,00014-Jul-2019-7.24923$902
312 1708 COLUMBIA STREET$739,000$469,00010-Nov-20152013$690,00008-Jul-2019-6.63596$1,157
1225 68 SMITHE STREET$1,336,000$1,750,00018-Jul-20162016$1,250,00005-Jul-2019-6.44914$1,367
308 2130 W 12TH AVENUE$657,000$459,90016-Feb-20161995$619,00017-Jul-2019-5.78759$815
601 1616 COLUMBIA STREET$897,000$599,00005-Nov-20152009$848,00015-Jul-2019-5.46800$1,060
303 928 RICHARDS STREET$608,000$629,80021-Jan-20192000$575,00010-Jul-2019-5.43584$984
502 560 CARDERO STREET$810,000$499,00027-Oct-20151997$766,00018-Jul-2019-5.43680$1,126
902 1333 W 11TH AVENUE$1,612,000$1,688,00005-Mar-20192008$1,525,00016-Jul-2019-5.401,320$1,155
102 5639 HAMPTON PLACE$887,000$950,00018-Apr-20192000$847,50012-Jul-2019-4.451,087$779
1112 933 SEYMOUR STREET$646,000$679,00004-Mar-20191998$620,00008-Jul-2019-4.02663$935
1610 833 SEYMOUR STREET$625,000$679,80001-May-20192011$600,00011-Jul-2019-4.00597$1,005
204 7620 COLUMBIA STREET$682,000$735,00005-Nov-20181988$655,00004-Jul-2019-3.961,129$580
802 3489 ASCOT PLACE$445,000$458,00014-Mar-20191994$428,00004-Jul-2019-3.82700$611
2506 1155 SEYMOUR STREET$1,044,000$1,127,50010-May-20192005$1,005,00016-Jul-2019-3.74916$1,097
2107 8555 GRANVILLE STREET$700,000$649,90025-May-20172014$674,50015-Jul-2019-3.64618$1,091
805 2321 SCOTIA STREET$638,000$469,00021-Sep-20152011$615,00008-Jul-2019-3.61573$1,073
702 221 UNION STREET$667,000$569,00010-Oct-20162010$645,00006-Jul-2019-3.30662$974
332 3364 MARQUETTE CRESCENT$542,000$499,00023-Oct-20171983$525,00016-Jul-2019-3.141,178$445
1203 455 BEACH CRESCENT$1,872,000$1,899,00025-Apr-20192005$1,815,00012-Jul-2019-3.041,251$1,450
705 1333 W GEORGIA STREET$617,000$639,00006-May-20192006$600,00011-Jul-2019-2.76563$1,065
108 7580 COLUMBIA STREET$706,000$828,00023-Jul-20181988$700,00011-Jul-2019-0.851,136$616
115 672 W 6TH AVENUE$495,000$399,80026-Sep-20162006$491,50011-Jul-2019-0.71522$941
611 500 W 10TH AVENUE$1,045,000$1,189,00008-Apr-20191994$1,040,00008-Jul-2019-0.481,126$923
302 1685 W 14TH AVENUE$918,000$998,00015-Apr-20191970$915,00003-Jul-2019-0.331,140$802
305 1989 DUNBAR STREET$483,000$479,00013-Sep-20171997$482,50003-Jul-2019-0.10550$877
201 138 ATHLETES WAY$1,639,000$2,388,80026-Feb-20182009$1,642,00017-Jul-20190.181,476$1,112
1201 111 W GEORGIA STREET$764,000$748,88803-Mar-20172007$770,00014-Jul-20190.79813$947
111 3551 FOSTER AVENUE$638,000$469,90006-Oct-20162007$665,00005-Jul-20194.23936$710
502 63 KEEFER PLACE$869,000$695,00022-Mar-20162000$915,00003-Jul-20195.29962$951
307 3766 W 7TH AVENUE$1,428,000$1,575,00031-Oct-20181989$1,505,00013-Jul-20195.391,500$1,003
301 222 N TEMPLETON DRIVE$441,400$369,00001-May-20171975$475,00003-Jul-20197.61634$749
207 1277 NELSON STREET$615,000$698,80006-May-20191995$665,00006-Jul-20198.13757$878
311 2333 TRIUMPH STREET$636,000$533,00007-Feb-20161976$690,00013-Jul-20198.49944$730
102 830 E 7TH AVENUE$311,300$398,00029-Oct-20181975$345,00003-Jul-201910.83516$668
206 1333 W 11TH AVENUE$1,145,000$1,275,00027-Nov-20172008$1,370,00003-Jul-201919.651,102$1,243

Richmond

AddressAssessedTrue List PriceTrue List DateYear BuiltSold PriceSold Date% Change from AssessedSqftPrice per sqft
1903 6068 NO. 3 ROAD$1,322,000$1,328,00001-Mar-20192007$950,00013-Jul-2019-28.141,448$656
101 7360 ELMBRIDGE WAY$498,400$500,00029-Apr-20192008$400,10018-Jul-2019-19.72726$551
1305 9188 HEMLOCK DRIVE$703,000$699,00017-Apr-20192006$568,00009-Jul-2019-19.20950$597
1505 7328 GOLLNER AVENUE$1,129,000$1,020,00030-Apr-20192015$940,00008-Jul-2019-16.74995$944
201 9199 TOMICKI AVENUE$640,000$399,99008-Apr-20162009$545,00010-Jul-2019-14.84928$587
207 8775 JONES ROAD$603,000$589,00021-Feb-20191993$520,00016-Jul-2019-13.761,240$419
1003 3333 SEXSMITH ROAD$901,000$956,00003-Apr-20192018$780,00010-Jul-2019-13.43954$817
1610 8068 WESTMINSTER HIGHWAY$720,000$749,00015-Nov-20182010$638,00010-Jul-2019-11.39818$779
708 7708 ALDERBRIDGE WAY$787,000$748,00004-Mar-20192017$700,00008-Jul-2019-11.05954$733
906 7888 ACKROYD ROAD$826,000$838,00030-Oct-20182015$738,00003-Jul-2019-10.65888$831
209 8040 BLUNDELL ROAD$354,700$339,00020-Mar-20171975$318,20010-Jul-2019-10.29948$335
606 8988 PATTERSON ROAD$537,000$539,80007-May-20192017$485,00013-Jul-2019-9.68546$888
3001 5511 HOLLYBRIDGE WAY$705,000$518,00001-Oct-20152014$645,00010-Jul-2019-8.511,003$643
703 7535 ALDERBRIDGE WAY$642,000$549,00012-Oct-20172007$603,00008-Jul-2019-6.07885$681
1511 5599 COONEY ROAD$690,000$799,00022-Feb-20192018$655,00017-Jul-2019-5.07716$914
111 7471 BLUNDELL ROAD$367,400$394,90003-Mar-20191983$351,00015-Jul-2019-4.46716$490
1307 5133 GARDEN CITY ROAD$583,000$619,00010-Apr-20192004$568,00010-Jul-2019-2.57863$658
212 8751 GENERAL CURRIE ROAD$389,600$245,00023-Sep-20161989$387,00005-Jul-2019-0.67752$514
304 7580 MINORU BOULEVARD$624,000$645,90027-Feb-20191986$620,00010-Jul-2019-0.641,381$448
101 5500 ARCADIA ROAD$481,600$499,00003-Jan-20191989$495,00008-Jul-20192.78963$514
216 7297 MOFFATT ROAD$432,700$458,88808-May-20191981$450,00004-Jul-20194.00950$473
108 9300 GLENACRES DRIVE$335,500$225,00011-May-20161971$356,00012-Jul-20196.11720$494
101 5311 CEDARBRIDGE WAY$438,000$529,00010-May-20192016$490,00008-Jul-201911.87669$732

Burnaby

AddressAssessedTrue List PriceTrue List DateYear BuiltSold PriceSold Date% Change from AssessedSqftPrice per sqft
3003 6538 NELSON AVENUE$1,149,000$1,129,90007-Mar-20192017$960,00008-Jul-2019-16.451,012$948
3303 2008 ROSSER AVENUE$746,000$738,80029-May-20182015$627,00016-Jul-2019-15.95666$941
1702 6638 DUNBLANE AVENUE$816,000$499,90017-Oct-20152018$699,00020-Jul-2019-14.34811$861
704 4250 DAWSON STREET$722,000$699,00002-Apr-20192008$633,00007-Jul-2019-12.33856$739
3001 7063 HALL AVENUE$1,289,000$1,125,00006-Oct-20152007$1,135,00008-Jul-2019-11.951,617$701
2006 4400 BUCHANAN STREET$848,000$688,00009-Mar-20162010$750,00018-Jul-2019-11.56987$759
3303 6588 NELSON AVENUE$592,000$409,00024-Sep-20152015$524,00004-Jul-2019-11.49538$973
2207 4670 ASSEMBLY WAY$677,000$742,00007-Nov-20182018$600,80012-Jul-2019-11.26663$906
2306 2133 DOUGLAS ROAD$596,000$426,90030-May-20162010$529,00010-Jul-2019-11.24712$742
1403 2008 ROSSER AVENUE$658,000$649,00023-Apr-20192015$595,00004-Jul-2019-9.57666$893
1705 4132 HALIFAX STREET$533,000$345,00014-Sep-20152005$490,00017-Jul-2019-8.07670$731
2006 6461 TELFORD AVENUE$609,000$445,00007-Mar-20162011$564,00004-Jul-2019-7.39553$1,019
301 9603 MANCHESTER DRIVE$481,000$619,90010-Aug-20181993$446,00012-Jul-2019-7.28864$516
509 9298 UNIVERSITY CRESCENT$396,000$318,00003-Nov-20162004$372,00007-Jul-2019-6.06546$681
810 6538 NELSON AVENUE$787,000$765,00001-May-20192017$747,50017-Jul-2019-5.02756$988
1206 7325 ARCOLA STREET$639,000$649,00027-Mar-20192009$610,00008-Jul-2019-4.54848$719
2102 5611 GORING STREET$739,000$688,88824-May-20162008$708,80014-Jul-2019-4.09980$723
1005 6088 WILLINGDON AVENUE$659,000$688,00019-Mar-20191999$635,00010-Jul-2019-3.64929$683
2004 5652 PATTERSON AVENUE$549,000$674,88823-Jan-20191981$530,00015-Jul-2019-3.461,023$518
202 3399 NOEL DRIVE$610,000$499,90018-Nov-20162017$595,00008-Jul-2019-2.46829$717
2703 4485 SKYLINE DRIVE$876,000$899,00015-Apr-20192017$865,00009-Jul-2019-1.26860$1,005
614 9009 CORNERSTONE MEWS$386,000$327,00017-Aug-20162008$405,00010-Jul-20194.92594$681
  1. https://faculty.wharton.upenn.edu/wp-content/uploads/2013/05/Brown_2013_House_Price_Index_Methodology_1.pdf

One thought on “Metro Vancouver condo prices fall 18% from peak”

  1. HEY!
    Condo prices are like a Bruce Springsteen song!

    “I’m goin down down down….Im goin down…..”( repeat)

    happy Housing CRASH Realturds!

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