Vancouver detached house sells for 29% below 2020 assessment

A Vancouver single family detached property assessed at over a million dollars sold last week for 29% below 2020 assessment, fetching just $738,000.

The property at 703 Heatley Avenue, was listed in February 2018 as being a “Prime Strathcona corner lot across from Mclean park with building plans ready to go!”

The property, originally listed for $998,000, was relisted for $899,900 in July 2019, and finally sold for an 18% discount seven months later.

Here’s what Metro Vancouver detached sales looked like in the last 30 days.

Vancouver

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
756 W 64TH AVENUE$2,900,000$2,824,0002.69$3,525,00005-Jun-2018200612-Jan-20203,215$902
3544 E 28TH AVENUE$1,268,000$1,154,1009.87$1,388,00015-Oct-2019195712-Jan-20201,790$708 Renovated/updated.
2321 PARKER STREET$1,416,000$1,300,4008.89$1,399,00009-Jan-2020194713-Jan-20201,771$799
2814 W 20TH AVENUE$2,505,000$2,388,0004.90$2,788,00016-Oct-2019198613-Jan-20202,708$925 Renovated/updated.
1017 E 13TH AVENUE$1,605,000$1,569,0002.29$1,590,00007-Jan-2020191213-Jan-20202,381$674 Renovated/updated.
2201 E 41ST AVENUE$1,516,790$1,153,80031.46$2,980,00030-Nov-2016194414-Jan-20202,000$758 Court-ordered sale.
4995 ST. CATHERINES STREET$1,155,000$1,120,6003.07$1,098,00010-Jan-2020195314-Jan-20201,585$728
7806 JASPER CRESCENT$1,550,000$1,482,0004.59$1,848,00017-Oct-2017199016-Jan-20202,860$541 Renovated/updated.
3728 W 30TH AVENUE$2,150,000$2,046,6005.05$2,788,00028-Jan-2019192017-Jan-20202,332$921 Renovated/updated.
4587 WALDEN STREET$3,050,000$2,368,00028.80$2,998,00013-Jan-2020201617-Jan-20203,497$872
2012 MCNICOLL AVENUE$4,200,000$3,210,70030.81$4,100,00015-Jan-2020192518-Jan-20202,969$1,414 Renovated/updated.
4432 W 9TH AVENUE$3,900,000$3,834,0001.72$4,780,00031-Jan-2019201519-Jan-20203,663$1,064
2020 MCNICOLL AVENUE$6,310,000$4,377,00044.16$6,999,00022-Jan-2019191520-Jan-20203,023$2,087
5921 ONTARIO STREET$2,138,000$1,710,00025.03$2,088,00020-Jan-2020199220-Jan-20202,367$903
3438 ST. GEORGE STREET$2,050,000$1,934,0006.00$2,789,00006-May-2019201521-Jan-20201,801$1,138
716 CASSIAR STREET$1,010,000$1,047,300-3.56$1,099,90014-Jan-2020193323-Jan-20202,032$497
2568 WALLACE CRESCENT$5,300,000$5,271,0000.55$6,249,90007-Oct-2019201526-Jan-20204,231$1,252
1810 W 61ST AVENUE$2,388,000$2,355,0001.40$3,680,00030-Nov-2017196628-Jan-20203,146$759 Renovated/updated.
2326 E GEORGIA STREET$1,100,000$1,226,000-10.28$1,568,00018-May-2018192730-Jan-20201,920$572
1475 NANTON AVENUE$4,800,000$4,178,00014.89$11,380,00012-Jun-2017201601-Feb-20204,980$963
703 HEATLEY AVENUE$738,000$1,037,100-28.84$998,00002-Feb-2018190106-Feb-20201,153$640

3 out of 21 used homes sold below assessed with a median sold price of 4.90

Richmond

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
4294 PETERSON DRIVE$1,160,000$1,136,3002.09$1,298,00029-Apr-2019197812-Jan-20201,909$607
5586 BARNARD PLACE$1,765,000$1,646,0007.23$1,990,00006-Dec-2019199213-Jan-20203,017$585
3760 PACEMORE AVENUE$2,047,620$2,386,000-14.18$3,199,00020-Sep-2018201713-Jan-20203,356$610
5111 FRANCIS ROAD$1,680,000$1,678,0000.12$1,695,00006-Jan-2020200713-Jan-20203,218$522
5831 BARNARD DRIVE$1,905,000$1,823,0004.50$3,200,00029-Jun-2016199214-Jan-20203,284$580
4751 LARKSPUR AVENUE$1,550,000$1,575,500-1.62$1,899,90007-Jan-2020197315-Jan-20202,911$532 Renovated/updated.
4880 WINTERGREEN AVENUE$2,530,000$2,402,0005.33$3,488,00008-Apr-2019201315-Jan-20203,480$727
5191 COLBECK ROAD$2,150,000$2,278,000-5.62$2,198,00021-Dec-2019200315-Jan-20203,580$600 Renovated/updated.
9320 DAYTON AVENUE$1,850,000$1,801,0002.72$1,988,00013-Dec-2019201216-Jan-20202,866$645
7520 REEDER ROAD$2,430,000$2,295,0005.88$2,890,00010-Sep-2019200817-Jan-20203,507$692

3 out of 10 used homes sold below assessed with a median sold price of 2.40

Burnaby

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
1670 SPERLING AVENUE$1,990,000$1,933,0002.95?06-Jul-2013201412-Jan-20204,098$485
4030 PARKER STREET$980,000$1,142,800-14.25$1,198,00009-Jul-2018194812-Jan-20201,124$871 Renovated/updated.
4316 GEORGIA STREET$1,322,000$1,139,10016.06$1,199,00009-Jan-2020193813-Jan-20202,073$637 Renovated/updated.
4556 PENDER STREET$1,220,000$1,155,6005.57$1,450,00024-Jun-2019194013-Jan-20202,069$589
4414 PARKER STREET$1,755,000$1,609,0009.07$1,799,00009-Jan-2020195114-Jan-20203,107$564 Renovated/updated.
6640 UNION STREET$1,325,000$1,313,1000.91$1,285,00013-Jan-2020196015-Jan-20202,230$594
4080 KINCAID STREET$1,374,000$1,396,800-1.63$1,399,90006-Jan-2020195515-Jan-20202,437$563 Renovated/updated.
3810 CHELSEA COURT$1,351,000$1,422,700-5.04$1,598,00004-Dec-2018197217-Jan-20202,650$509 Renovated/updated.
4340 VENABLES STREET$1,181,000$1,101,6007.21$1,199,90011-Jan-2020194519-Jan-2020790$1,494
4620 UNION STREET$1,310,000$1,265,0003.56$1,180,00013-Jan-2020199022-Jan-20202,359$555 Renovated/updated.
3905 NAPIER STREET$1,350,000$1,394,300-3.18$1,399,00020-Jan-2020192924-Jan-20201,519$888

4 out of 11 used homes sold below assessed with a median sold price of 2.95

West Vancouver

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
745 ANDERSON CRESCENT$3,300,000$3,383,000-2.45$4,388,00018-Jun-2018195722-Jan-20203,901$845

1 out of 1 used homes sold below assessed with a median sold price of -2.45

New Westminster

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
314 SEVENTH AVENUE$1,390,000$1,285,0008.17$1,524,80028-Sep-2018193613-Jan-20202,576$539
1814 SEVENTH AVENUE$1,106,000$1,048,6005.47$1,198,00018-Jun-2018193715-Jan-20202,026$545
220 DURHAM STREET$2,098,000$1,954,0007.37$2,098,00006-Jan-2020201621-Jan-20204,483$467

0 out of 3 used homes sold below assessed with a median sold price of 7.37

North Vancouver

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
3143 ROBINSON ROAD$1,244,000$1,330,000-6.47$1,288,89013-Jan-2020197214-Jan-20202,009$619
2651 TERRACE AVENUE$1,452,000$1,342,0008.20$1,359,00013-Jan-2020197715-Jan-20202,126$682
764 E 10TH STREET$1,305,000$1,284,6001.59$1,295,00009-Jan-2020195315-Jan-20201,599$816
1460 DRAYCOTT ROAD$1,537,000$1,464,0004.99?23-Apr-2015201221-Jan-20202,917$526
1143 LODGE ROAD$3,261,900$3,349,000-2.60$4,164,00011-Feb-2019201925-Jan-20205,449$598

1 out of 4 used homes sold below assessed with a median sold price of 3.29

Delta

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
932 51 STREET$1,100,000$957,00014.94$1,198,00028-Oct-2019198513-Jan-20201,900$578 Renovated/updated.
4963 MARINER PLACE$885,000$842,2005.08$898,00022-Aug-2016198514-Jan-20201,719$514 Renovated/updated.
7125 114A STREET$913,000$782,50016.68$929,90008-Jan-2020197114-Jan-20201,973$462 Renovated/updated.
11259 82 AVENUE$910,000$820,90010.85$939,00010-Jan-2020195915-Jan-20202,038$446
5223 REGATTA WAY$555,000$624,300-11.10$589,90023-Dec-2019198820-Jan-2020923$601
8560 TERRACE DRIVE$900,000$811,10010.96$749,00009-Jan-2020196923-Jan-20201,975$455

1 out of 6 used homes sold below assessed with a median sold price of 10.91

Surrey

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
9739 182A STREET$1,315,000$1,077,00022.10$1,348,00010-Dec-2019201912-Jan-20204,117$319 Brand New.
17263 0A AVENUE$1,196,000$1,125,0006.31$1,229,00008-Jan-2020201012-Jan-20203,375$354
2269 133 STREET$1,810,000$2,064,000-12.31$2,049,00015-Nov-2019200312-Jan-20205,315$340
16146 BROOKSIDE GROVE$1,045,000$923,30013.18$1,118,80020-May-2019198612-Jan-20201,670$625 Renovated/updated.
8883 141A STREET$960,000$937,0002.45$960,00006-Jan-2020198912-Jan-20202,891$332
14805 68A AVENUE$1,290,000$1,211,0006.52$1,299,89007-Jan-2020200913-Jan-20204,102$314
73 15288 36 AVENUE$1,100,000$1,008,0009.13$1,198,00014-Jan-2019200313-Jan-20202,974$369 Renovated/updated.
6160 145B STREET$1,120,000$1,079,0003.80$1,149,00016-Jul-2019200613-Jan-20203,780$296
15171 96A AVENUE$800,000$848,000-5.66$845,00007-Nov-2019198913-Jan-20201,845$433 Renovated/updated.
6203 PARKTREE COURT$1,150,000$1,123,0002.40$1,250,00016-Oct-2019198813-Jan-20202,955$389 Renovated/updated.
10582 BIRCHTREE GROVE$1,148,000$1,049,0009.44$1,148,00013-Jan-2020199113-Jan-20202,478$463 Renovated/updated.
11235 DUMBARTON PLACE$1,050,000$1,018,0003.14?13-Dec-2011199513-Jan-20203,202$327
5436 186 STREET$1,275,000$1,279,000-0.31$1,399,00013-Aug-2019199413-Jan-20202,956$431 Renovated/updated.
9395 127A STREET$960,000$853,20012.52$950,00007-Jan-2020197413-Jan-20201,910$502
15358 85A AVENUE$843,000$933,800-9.72$849,80027-Dec-2019198313-Jan-20201,920$439 Renovated/updated.
9119 KING GEORGE BOULEVARD$845,000$671,00025.93$899,00013-Nov-2019197714-Jan-20202,000$422
13688 57B AVENUE$1,550,000$1,534,0001.04$1,888,00004-Oct-2018198114-Jan-20202,812$551 Renovated/updated.
12973 73B AVENUE$770,000$733,7004.95?13-May-2011198015-Jan-20201,705$451 Renovated/updated.
14372 84A AVENUE$931,000$969,000-3.92$924,90012-Jan-2020199215-Jan-20202,500$372 Renovated/updated.
14497 WELLINGTON DRIVE$1,225,000$1,219,0000.49$1,299,80002-Mar-2017199715-Jan-20204,630$264
12328 IONA PLACE$877,500$827,4006.06$899,90014-Jan-2020197516-Jan-20202,740$320 Renovated/updated.
13575 91 AVENUE$945,000$907,8004.10$925,00014-Jan-2020197416-Jan-20203,077$307
10199 133 STREET$1,350,000$953,00041.66?16-Nov-2014195716-Jan-20202,100$642
1527 131 STREET$2,400,000$1,747,00037.38$2,888,00012-Oct-2018201817-Jan-20205,748$417
18472 59 AVENUE$1,225,000$1,047,00017.00$1,244,00014-Jan-2020201317-Jan-20203,686$332
14887 75 AVENUE$1,585,000$1,577,0000.51$1,795,00015-Nov-2019200618-Jan-20206,170$256
14069 29A AVENUE$1,503,500$1,668,000-9.86$1,390,00006-Jan-2020199218-Jan-20203,289$457 Renovated/updated.
8279 154 STREET$999,000$1,023,000-2.35$965,00013-Jan-2020199318-Jan-20202,396$416
15561 89A AVENUE$1,050,000$904,00016.15$1,080,00021-Nov-2019199118-Jan-20202,721$385
17159 80 AVENUE$970,000$984,400-1.46$1,059,00012-Nov-2019195518-Jan-20201,270$763
17023 57 AVENUE$1,470,000$1,272,00015.57$1,749,00013-Sep-2017201618-Jan-20205,137$286
16633 61 AVENUE$1,078,000$1,038,0003.85$1,095,00013-Jan-2020200119-Jan-20203,061$352 Renovated/updated.
15670 20 AVENUE$875,000$898,500-2.62$948,00009-Apr-2018197920-Jan-20201,838$476 Renovated/updated.
2448 127B STREET$935,000$1,114,000-16.07$979,00011-Jul-2019198620-Jan-20201,542$606
14574 110 AVENUE$778,000$747,7004.05$778,00017-Jan-2020195820-Jan-20201,183$657
5247 STATION ROAD$2,300,000$1,802,00027.64$3,299,00008-Aug-2018197622-Jan-20207,580$303 Renovated/updated.
6489 188A STREET$1,035,000$1,011,0002.37$1,199,00006-Jan-2020199522-Jan-20203,517$294
2294 153A STREET$956,700$1,010,700-5.34$925,00022-Jan-2020197423-Jan-20202,231$428 Renovated/updated.
13368 CYPRESS PLACE$871,000$815,7006.78$849,90024-Jan-2020197525-Jan-20201,447$601

12 out of 39 used homes sold below assessed with a median sold price of 3.80

Port Moody

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes

0 out of 0 used homes sold below assessed with a median sold price of 0.00

Coquitlam

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
2532 PLATINUM LANE$1,236,000$1,172,0005.46$1,468,00023-Jan-2019200113-Jan-20202,639$468
810 CATHERINE AVENUE$1,175,000$1,175,0000.00$1,750,00022-Mar-2018195515-Jan-20202,737$429 Renovated/updated.
3162 SECHELT DRIVE$1,020,000$815,00025.15$989,00016-Jan-2020198017-Jan-20202,329$437 Renovated/updated.

0 out of 2 used homes sold below assessed with a median sold price of 15.31

Port Coquitlam

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
4045 AYLING STREET$840,000$839,0000.12$895,00016-Sep-2019197912-Jan-20201,900$442
1611 ANGELO AVENUE$808,000$741,9008.91$949,90012-Sep-2018196814-Jan-20201,149$703 Renovated/updated.

0 out of 2 used homes sold below assessed with a median sold price of 4.51

Pitt Meadows

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
18840 121B AVENUE$964,900$875,00010.27$969,90008-Jan-2020198913-Jan-20202,370$407 Renovated/updated.
11704 193B STREET$880,000$827,0006.41$979,80009-Apr-2019197413-Jan-20202,600$338

0 out of 2 used homes sold below assessed with a median sold price of 8.34

Langley

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
24725 ROBERTSON CRESCENT$1,265,000$1,188,0006.48$1,299,00008-Mar-2019197716-Jan-20202,497$506 Renovated/updated.
4466 BENZ CRESCENT$936,000$1,011,000-7.42$899,00013-Jan-2020199516-Jan-20203,500$267 Renovated/updated.

1 out of 2 used homes sold below assessed with a median sold price of -0.47

Maple Ridge

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
24355 102A AVENUE$637,500$640,000-0.39$699,80021-Mar-2019200412-Jan-20202,146$297 Renovated/updated.
11378 230 STREET$847,524$459,00084.65$889,90003-Jan-202013-Jan-20203,184$266Brand New
11377 230 STREET$838,000$459,00082.57$879,90003-Jan-202016-Jan-20203,065$273Brand New

1 out of 1 used homes sold below assessed with a median sold price of 82.57

White Rock

AddressSold PriceAssessed% ΔTrue List PriceTrue List DateYear BuiltSold DateSqftPrice per sqftNotes
14191 MALABAR AVENUE$1,975,000$1,839,0007.40$2,288,00023-Sep-2019200413-Jan-20203,737$528
15316 VICTORIA AVENUE$999,999$1,240,900-19.41$1,350,00005-Oct-2019191214-Jan-20201,500$666 Renovated/updated.

1 out of 2 used homes sold below assessed with a median sold price of -6.01

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