Metro Vancouver detached homes prices down 13% in July

Metro Vancouver detached home prices have dropped by 13% year-over-year, according to the latest sales numbers reported in the region.

The Open House House Price Index is calculated using the generally-accepted and transparent repeat sales or Case-Shiller method1.

Looking at home sales reported in the last 30 days, 40 out 46 single family homes sold for below 2019 assessed value in the City of Vancouver, with the median sale being 12% below assessed.

An East Vancouver property assessed at $1.26 million and listed for $1.29 million ended up selling for just $900,000.

In Richmond, all but 4 properties sold in the last 30 days, sold below assessment, with a property in Broadmoor selling for 35% below assessed value, and the median sale being 16% below assessed.

In West Vancouver, all but one property sold below assessment, with a property in Altamont selling for 39% below assessed value, and the median sale being 14% below assessed.

In North Vancouver, all but one property sold below assessment with the median sale being 9% below assessed.

Open House House Price Index covers Vancouver, Richmond, Burnaby, West Vancouver, New Westminster, North Vancouver, Delta, Surrey, Port Moody, Port Coquitlam, Pitt Meadows, Maple Ridge, Lions Bay, Bower Island, Anmore, and Belcarra, Langley and White Rock. Data for Vancouver also include University British Columbia and University Endowment Lands.

Vancouver

AddressAssessedTrue List PriceTrue List DateYear BuiltSold PriceSold Date% Change from AssessedSqftPrice per sqft
4728 LITTLE STREET$1,262,400$1,189,00004-Apr-20191910$900,00018-Jul-2019-28.711,700$529
4469 ANGUS DRIVE$9,958,000$11,880,00028-May-20182010$7,430,00013-Jul-2019-25.395,531$1,343
6350 ALMA STREET$2,661,000$2,678,00020-Feb-20191971$2,010,00013-Jul-2019-24.462,838$708
736 W 46TH AVENUE$3,098,800$2,688,00022-May-20191963$2,350,00018-Jul-2019-24.161,682$1,397
2330 DUNDAS STREET$1,544,000$1,534,00001-Feb-20191949$1,200,00011-Jul-2019-22.281,977$606
575 W 17TH AVENUE$2,336,900$2,150,00023-Apr-20191927$1,820,00015-Jul-2019-22.122,392$760
3433 OXFORD STREET$1,395,100$1,680,00019-Jan-20181912$1,095,00025-Jul-2019-21.512,315$473
1832 KNOX ROAD$5,553,000$5,889,00022-Jan-20191951$4,400,00006-Jul-2019-20.763,274$1,343
6467 LARCH STREET$3,991,000$4,368,00021-Sep-20182008$3,180,00013-Jul-2019-20.324,232$751
3959 W 36TH AVENUE$4,116,100$4,000,00022-May-20191939$3,280,00007-Jul-2019-20.313,467$946
3463 E 4TH AVENUE$1,866,000$1,598,80001-May-20191993$1,500,00005-Jul-2019-19.613,025$495
1656 NANTON AVENUE$4,683,400$4,980,00011-Apr-20191924$3,770,00005-Jul-2019-19.504,250$887
3678 E 25TH AVENUE$1,490,400$1,850,00016-Jul-20181954$1,200,00013-Jul-2019-19.482,098$571
3281 E 7TH AVENUE$1,320,900$1,428,89003-Apr-20181942$1,080,00016-Jul-2019-18.241,712$630
1292 W 40TH AVENUE$4,615,000$5,680,00004-Jun-20181998$3,780,00009-Jul-2019-18.094,713$802
2880 LAKEWOOD DRIVE$1,399,700$1,480,00020-Sep-20181928$1,150,00004-Jul-2019-17.841,950$589
3335 W 39TH AVENUE$2,796,600$2,688,00008-May-20191941$2,300,00016-Jul-2019-17.763,016$762
3336 W 37TH AVENUE$2,829,000$2,799,00004-Feb-20191922$2,368,00004-Jul-2019-16.302,807$843
165 E 55TH AVENUE$1,617,900$1,780,00005-Aug-20171952$1,370,00017-Jul-2019-15.321,950$702
4084 W 14TH AVENUE$2,686,000$2,560,00001-Apr-20191926$2,320,00004-Jul-2019-13.632,404$965
605 E 48TH AVENUE$1,525,000$1,628,00014-Jan-20191910$1,320,00015-Jul-2019-13.443,316$398
1404 PARKER STREET$1,538,000$1,650,00017-Sep-20181905$1,350,00005-Jul-2019-12.222,324$580
2450 OLIVER CRESCENT$3,177,800$3,288,00016-Jan-20191951$2,800,00010-Jul-2019-11.892,282$1,226
7848 MAIN STREET$1,552,000$1,749,80023-Oct-20181953$1,375,00005-Jul-2019-11.403,600$381
1764 W 57TH AVENUE$2,301,000$2,588,00002-May-20191931$2,050,00002-Jul-2019-10.913,298$621
1878 STAINSBURY AVENUE$1,054,200$1,249,00005-Aug-20161912$940,00009-Jul-2019-10.832,066$454
4586 W 8TH AVENUE$2,447,000$1,970,00015-Oct-20151987$2,200,00013-Jul-2019-10.092,253$976
2715 W 20TH AVENUE$3,527,000$3,780,00027-May-20192009$3,200,00003-Jul-2019-9.273,380$946
6583 KNIGHT STREET$1,707,000$799,90009-Oct-20152017$1,549,90019-Jul-2019-9.202,789$555
1570 W 64TH AVENUE$2,161,000$2,779,00025-Jul-20171920$1,984,00007-Jul-2019-8.192,828$701
3202 E 62ND AVENUE$1,773,000$1,988,00018-Jun-20181973$1,650,00003-Jul-2019-6.943,262$505
3920 W 17TH AVENUE$3,437,000$3,888,00005-Nov-20182017$3,238,00002-Jul-2019-5.793,027$1,069
5874 BATTISON STREET$2,433,000$2,650,00019-Dec-20152017$2,300,00004-Jul-2019-5.473,878$593
2860 LAKEWOOD DRIVE$1,211,500$1,480,00020-Sep-20181928$1,150,00004-Jul-2019-5.081,950$589
3612 ETON STREET$1,361,300$1,788,00025-Sep-20171975$1,295,00009-Jul-2019-4.872,163$598
5023 SHERBROOKE STREET$1,247,700$1,269,00024-Jul-20181946$1,190,00014-Jul-2019-4.62945$1,259
3569 ANZIO DRIVE$1,880,000$2,388,00002-May-20171989$1,820,00008-Jul-2019-3.193,979$457
8571 WILTSHIRE STREET$2,166,400$2,180,00013-Jan-20161956$2,100,00010-Jul-2019-3.062,450$857
1816 W 14TH AVENUE$3,889,000$4,288,00015-May-20191912$3,800,00010-Jul-2019-2.294,034$941
3668 W 3RD AVENUE$2,987,000$3,388,89022-Apr-20191911$2,980,00016-Jul-2019-0.233,435$867
3435 W 28TH AVENUE$3,243,000$3,580,00029-Apr-20192016$3,250,00009-Jul-20190.223,067$1,059
2015 W 53RD AVENUE$4,613,000$5,580,00014-May-20182015$4,680,00005-Jul-20191.454,329$1,081
120 E 41ST AVENUE$1,277,100$1,997,00026-Feb-20191961$1,313,00002-Jul-20192.812,230$588
2645 TRIUMPH STREET$1,323,200$1,388,00030-Aug-20161922$1,385,00016-Jul-20194.672,602$532
1706 W 66TH AVENUE$4,356,000$2,380,00025-Sep-20152017$5,500,00015-Jul-201926.265,212$1,055
3620 CAROLINA STREET$1,044,000$988,00029-Sep-20151970$1,478,00014-Jul-201941.571,528$967

Richmond

AddressAssessedTrue List PriceTrue List DateYear BuiltSold PriceSold Date% Change from AssessedSqftPrice per sqft
7211 WILLIAMS ROAD$1,890,000$1,888,00015-Feb-20191990$1,220,00007-Jul-2019-35.454,534$269
10571 AINTREE CRESCENT$1,682,400$1,550,00006-May-20191959$1,200,00004-Jul-2019-28.672,220$540
7260 GILHURST CRESCENT$1,851,900$1,988,00015-Jan-20191959$1,398,00009-Jul-2019-24.511,800$776
11740 TRUMPETER DRIVE$1,372,500$1,400,00015-Oct-20181973$1,047,50002-Jul-2019-23.681,402$747
8311 ROSEBANK CRESCENT$1,528,600$1,488,00022-Feb-20191968$1,182,50014-Jul-2019-22.642,544$464
10726 CANSO CRESCENT$1,293,500$1,288,00024-Sep-20181980$1,020,00004-Jul-2019-21.141,358$751
5200 TURQUOISE DRIVE$1,532,500$1,328,00021-Mar-20191980$1,218,00003-Jul-2019-20.522,497$487
8671 ELSMORE ROAD$1,563,500$1,688,00002-Jun-20181959$1,250,00018-Jul-2019-20.052,086$599
9851 GILHURST CRESCENT$2,867,000$3,518,80011-Jan-20172011$2,300,00008-Jul-2019-19.783,886$591
7700 SUNNYHOLME CRESCENT$2,829,000$3,388,00023-May-20171994$2,300,00011-Jul-2019-18.703,830$600
5171 LANCING ROAD$2,264,000$2,190,00025-Apr-20191993$1,845,00011-Jul-2019-18.514,320$427
9651 SNOWDON AVENUE$1,446,000$1,298,00022-May-20191973$1,208,00013-Jul-2019-16.462,295$526
10371 2ND AVENUE$1,684,600$2,000,00015-Sep-20181973$1,437,00018-Jul-2019-14.701,928$745
3151 RICHMOND STREET$1,666,000$1,988,00030-Apr-20182007$1,465,00009-Jul-2019-12.062,583$567
5711 ROWLING PLACE$1,018,000$968,00013-Aug-20181994$905,00008-Jul-2019-11.102,006$451
9680 GILBERT ROAD$1,624,900$1,668,00014-May-20191963$1,460,00015-Jul-2019-10.151,917$761
3388 NEWMORE AVENUE$2,296,000$1,988,00005-Apr-20192011$2,150,00010-Jul-2019-6.363,315$648
5166 SAPPHIRE PLACE$1,418,600$1,598,80021-Mar-20191979$1,375,00007-Jul-2019-3.072,439$563
11128 MERCHANTMAN PLACE$1,672,000$2,156,00017-Jan-20192017$1,650,00002-Jul-2019-1.322,551$646
10611 SKAGIT DRIVE$2,286,000$2,998,80006-Jun-20162014$2,288,00013-Jul-20190.093,262$701
9280 WALFORD STREET$1,128,900$1,220,00008-Mar-20181981$1,130,00008-Jul-20190.102,481$455
7751 SUNNYHOLME CRESCENT$3,723,000$5,880,00008-May-20182012$4,018,80002-Jul-20197.954,700$855
3360 FRANCIS ROAD$2,148,000$1,589,00031-May-20172017$2,504,76005-Jul-201916.613,960$632

Burnaby

AddressAssessedTrue List PriceTrue List DateYear BuiltSold PriceSold Date% Change from AssessedSqftPrice per sqft
7158 HASTINGS STREET$2,035,000$2,499,00020-Sep-20182018$1,856,50002-Jul-2019-8.773,603$515
4264 FITZGERALD AVENUE$1,533,000$1,598,00014-Mar-20191977$1,475,00003-Jul-2019-3.783,201$460
4635 BOND STREET$1,643,100$1,749,00021-Aug-20181956$1,500,00004-Jul-2019-8.712,312$648
4430 WILLIAM STREET$1,927,000$2,499,00029-Nov-20171993$1,928,00006-Jul-20190.054,382$439
3940 FIR STREET$1,711,600$1,799,00007-May-20191971$1,565,00006-Jul-2019-8.572,648$591
108 N GLYNDE AVENUE$1,942,000$2,398,80027-Sep-20162015$1,660,00006-Jul-2019-14.522,383$696
4247 ETON STREET$1,288,000$1,399,00018-Mar-20191914$1,300,00008-Jul-20190.931,712$759
1338 GLEN ABBEY DRIVE$1,305,000$1,299,00027-Jul-20161980$1,500,00009-Jul-201914.943,747$400
6312 PEARL AVENUE$2,475,000$2,980,00025-Mar-20192000$2,400,00010-Jul-2019-3.034,613$520
3759 PORTLAND STREET$1,449,300$1,598,00003-Apr-20182018$2,600,00010-Jul-201979.404,751$547
9152 KLENNER DRIVE$1,333,000$1,599,80016-Oct-20181969$1,181,00010-Jul-2019-11.403,307$357
1081 FELL AVENUE$1,681,500$1,439,00009-May-20191967$1,300,00011-Jul-2019-22.692,369$548
8236 WEDGEWOOD STREET$1,384,000$1,499,00031-Jan-20191955$1,200,00013-Jul-2019-13.292,334$514
1360 SPRINGER AVENUE$1,471,000$2,598,00006-Feb-20192018$2,285,71014-Jul-201955.384,244$538
6228 6TH STREET$1,537,000$2,388,00008-Aug-20161978$1,638,00016-Jul-20196.574,300$380
7055 RIDGE DRIVE$2,374,000$1,298,00004-Apr-20162017$1,961,90023-Jul-2019-17.363,698$530

West Vancouver

AddressAssessedTrue List PriceTrue List DateYear BuiltSold PriceSold Date% Change from AssessedSqftPrice per sqft
2935 ALTAMONT PLACE$2,525,500$2,350,00008-Apr-20191958$1,540,00009-Jul-2019-39.022,199$700
3165 MATHERS AVENUE$2,668,400$2,490,00003-Dec-20181951$1,890,00013-Jul-2019-29.171,390$1,359
765 SOUTHBOROUGH DRIVE$2,119,200$3,700,00005-Apr-20181956$1,550,00010-Jul-2019-26.863,304$469
2121 JEFFERSON AVENUE$2,604,200$2,479,00015-Mar-20191944$2,050,00002-Jul-2019-21.283,029$676
2909 MATHERS AVENUE$3,901,700$6,588,80018-Nov-20161937$3,350,00015-Jul-2019-14.143,500$957
6002 GLENEAGLES PLACE$2,632,000$3,538,00007-Mar-20161997$2,300,00008-Jul-2019-12.615,103$450
432 GORDON AVENUE$2,652,000$2,880,00006-May-20191997$2,445,00006-Jul-2019-7.814,515$541
2349 LAWSON AVENUE$2,473,000$3,688,00007-Jun-20171990$2,290,00008-Jul-2019-7.403,393$674
6454 WELLINGTON AVENUE$1,619,000$1,768,00003-Feb-20191997$1,660,00004-Jul-20192.533,263$508

North Vancouver

AddressAssessedTrue List PriceTrue List DateYear BuiltSold PriceSold Date% Change from AssessedSqftPrice per sqft
1804 FELL AVENUE$1,340,600$1,100,00012-Feb-20161951$1,030,00009-Jul-2019-23.171,442$714
298 MONTERAY AVENUE$1,579,300$2,938,90026-Sep-20182017$1,219,05017-Jul-2019-22.814,420$275
212 W 6TH STREET$2,354,000$2,588,00013-Mar-20182018$1,825,00011-Jul-2019-22.473,562$512
290 MONTERAY AVENUE$1,551,200$2,898,90026-Sep-20182017$1,219,05017-Jul-2019-21.414,260$286
953 E 13TH STREET$1,471,900$1,429,00008-May-20191956$1,218,00007-Jul-2019-17.252,158$564
337 W 20TH STREET$2,623,000$2,780,00025-Sep-20182015$2,300,00005-Jul-2019-12.314,694$489
121 E ST. JAMES ROAD$1,712,000$1,695,00002-May-20192000$1,530,00004-Jul-2019-10.633,055$500
1326 COTTONWOOD CRESCENT$1,199,200$1,299,00021-Aug-20171951$1,092,00016-Jul-2019-8.941,309$834
296 NEWDALE COURT$2,389,000$2,495,00006-May-20191964$2,200,00009-Jul-2019-7.913,645$603
1366 MILL STREET$1,513,000$1,638,00011-Sep-20181972$1,400,00012-Jul-2019-7.472,896$483
3636 MAGINNIS AVENUE$1,555,000$1,488,80021-May-20191996$1,440,00011-Jul-2019-7.402,775$518
176 W KINGS ROAD$1,289,500$1,298,00006-Feb-20191937$1,210,00014-Jul-2019-6.171,772$682
832 PROSPECT AVENUE$1,786,000$1,899,00027-May-20191962$1,750,00015-Jul-2019-2.022,710$645
2446 HYANNIS DRIVE$1,391,000$1,399,00024-May-20161969$1,375,00011-Jul-2019-1.152,176$631
2460 CARNATION STREET$2,327,000$1,400,00004-Mar-20162017$2,433,33011-Jul-20194.575,248$463
  1. https://faculty.wharton.upenn.edu/wp-content/uploads/2013/05/Brown_2013_House_Price_Index_Methodology_1.pdf

One thought on “Metro Vancouver detached homes prices down 13% in July”

  1. While these sales prices are a refreshing change of pace.

    I don’t think the panic selling will truly set in until the short term flippers and specc’ers realize to their horror that they must sell their houses or condos due to mortgage renewals that they will either not qualify for under the new “stress test” rules OR they cant afford the payments as they stand now..
    Either way . My heart pumps purple pee….
    The next 12 months could truly be epic as thousands of real estate idiots realize that “Uppa Uppa Uppa” doesnt last forever.

    One can only hope that many greedy realtors get burned as well…. either through their own greed as short term speculative home owners or evaporating sales commissions.

    Happy Happy Housing CRASH to everyone sitting on the sidelines….. :)-

Leave a Reply

Your email address will not be published. Required fields are marked *