Most Vancouver houses sold below assessment in April

By ThinkPol Staff

The number of Vancouver detached houses selling below assessed value in April outnumbered those selling for more, with some going as low as 27% below, making it the third month in row that a majority of Vancouver single family homes sold under assessment.

The MLS sales data, which was provided to ThinkPol by an industry source, show 57 out of the 113 of the single family homes sales recorded in the system as of May 1 in Vancouver sold below 2018 assessed value.

Once again, the biggest drops were recorded Vancouver Westside with the biggest gains to be seen in East Vancouver.

The biggest loser was a Point Grey home, which sold for 27% below assessed value.

The biggest gainer was a house on Marine Drive, which was sold for nearly double the assessed value after the property became eligible for higher density rezoning under the Marpole Community Plan[1]https://webcache.googleusercontent.com/search?q=cache:NrpGWZzay14J:https://www.remax-centrecity.bc.ca/BC/vancouver/v5x2r4/4721310-MLS-R2197395-na-261-SW-MARINE-DRIVE-1+&cd=1&hl=en&ct=clnk&gl=ca.

Most of the other houses that sold for well above assessed were built since the last assessment.

2018 property assessment values reflects what was happening around BC Assessment’s uniform valuation date of July 1, 2017[2]https://info.bcassessment.ca/news/Pages/2018_Property_Assessments_Preview.aspx.

The independent crown corporation’s appraisers analyze current sales in the local area, as well as the property’s size, age, quality, condition, view and location.

MLS#AddressAssessedDate SoldSold PriceChange %Year Built
R22487733XXX 15TH AVE W VANCOUVER$2,995,3004/23/2018$2,180,000-27.221929
R22364392XXX 22ND AVE W VANCOUVER$2,512,4004/13/2018$1,850,000-26.371944
R22542432XXX 37TH AVE W VANCOUVER$2,922,3004/11/2018$2,200,000-24.721948
R22537295XXX BLENHEIM ST VANCOUVER$3,612,6004/9/2018$2,800,000-22.491926
R22566672XXX 35TH AVE W VANCOUVER$2,900,0004/16/2018$2,350,000-18.971980
R22607804XXX BELMONT AVE VANCOUVER$20,695,0004/30/2018$17,000,000-17.851915
R22346783XXX 11TH AVE W VANCOUVER$3,137,0004/11/2018$2,580,000-17.761920
R22554442XXX WATERLOO ST VANCOUVER$2,430,2004/18/2018$2,000,000-17.71928
R22580753XXX 18TH AVE W VANCOUVER$2,911,9004/20/2018$2,398,000-17.651924
R22323212XXX 8TH AVE W VANCOUVER$3,201,0004/25/2018$2,700,000-15.651922
R22532953XXX KING EDWARD AVE W VANCOUVER$2,956,4004/19/2018$2,500,000-15.441927
R22453923XXX MAYFAIR AVE VANCOUVER$2,949,1004/3/2018$2,498,000-15.31963
R22509113XXX 31ST AVE W VANCOUVER$2,818,8004/4/2018$2,400,000-14.861930
R2248849XXX 38TH AVE E VANCOUVER$1,522,0004/18/2018$1,300,000-14.591966
R2250511XXX 64TH AVE E VANCOUVER$1,385,1004/3/2018$1,200,000-13.361953
R22372733XXX KING EDWARD AVE W VANCOUVER$2,892,9004/16/2018$2,560,000-11.511931
R22272326XXX LAUREL ST VANCOUVER$4,507,0004/8/2018$4,008,000-11.072008
R22574603XXX NOOTKA ST VANCOUVER$1,196,5004/19/2018$1,065,000-10.991940
R22397171XXX 45TH AVE W VANCOUVER$3,919,0004/30/2018$3,500,000-10.699999
R22495885XXX SHERBROOKE ST VANCOUVER$1,763,7004/11/2018$1,580,000-10.421949
R22440503XXX 21ST AVE W VANCOUVER$4,377,0004/13/2018$3,930,000-10.212004
R22478747XXX INVERNESS ST VANCOUVER$1,902,0004/3/2018$1,720,000-9.571995
R22460104XXX 11TH AVE W VANCOUVER$3,026,5004/6/2018$2,740,000-9.471913
R22554853XXX 43RD AVE W VANCOUVER$4,191,9004/16/2018$3,800,000-9.351939
R224331276 19TH AVE E VANCOUVER$2,205,7004/6/2018$2,000,000-9.331927
R22545077XXX STIRLING ST VANCOUVER$1,646,5004/9/2018$1,500,000-8.91952
R22454996XXX NEAL ST VANCOUVER$4,257,0004/20/2018$3,888,000-8.672008
R22568415XXX HUDSON ST VANCOUVER$4,145,0004/16/2018$3,800,000-8.321938
R22571722XXX 11TH AVE W VANCOUVER$2,669,0004/23/2018$2,450,000-8.211932
R22562983XXX TUPPER ST VANCOUVER$2,156,3004/17/2018$2,000,000-7.251970
R22443282XXX VENABLES ST VANCOUVER$2,407,0004/2/2018$2,233,333-7.222018
R22172284XXX 35TH AVE W VANCOUVER$3,395,0004/11/2018$3,150,000-7.222009
R22358292XXX 45TH AVE E VANCOUVER$1,711,3004/16/2018$1,588,000-7.211941
R22617894XXX 13TH AVE W VANCOUVER$3,987,0004/27/2018$3,710,000-6.951928
R2253531XXX 23RD AVE W VANCOUVER$2,725,2004/20/2018$2,540,000-6.81938
R22344022XXX 49TH AVE E VANCOUVER$1,575,4004/17/2018$1,470,000-6.691961
R22486105XXX SHERBROOKE ST VANCOUVER$1,429,7004/4/2018$1,335,000-6.621944
R22382532XXX ADANAC ST VANCOUVER$1,303,2004/8/2018$1,220,000-6.381961
R22432713XXX BROADWAY W VANCOUVER$3,467,0004/14/2018$3,250,000-6.262003
R22440272XXX 34TH AVE E VANCOUVER$1,610,0004/25/2018$1,510,000-6.211982
R22523724XXX PRINCE ALBERT ST VANCOUVER$1,481,5004/8/2018$1,400,000-5.51912
R22557703XXX ANZIO DR VANCOUVER$1,841,1004/17/2018$1,748,000-5.061948
R22377593XXX 14TH AVE E VANCOUVER$1,627,2004/11/2018$1,550,000-4.741968
R22350121XXX 13TH AVE E VANCOUVER$1,790,0004/13/2018$1,710,000-4.471913
R22386654XXX ELGIN ST VANCOUVER$1,693,0004/16/2018$1,620,000-4.311997
R22553573XXX 29TH AVE E VANCOUVER$1,246,7004/12/2018$1,198,000-3.911958
R225286418 19TH AVE W VANCOUVER$2,589,0004/23/2018$2,500,000-3.441912
R2242982XXX 13TH AVE E VANCOUVER$1,862,0004/1/2018$1,799,000-3.381908
R22524582XXX 43RD AVE W VANCOUVER$2,923,0004/9/2018$2,828,000-3.251979
R22320626XXX GLADSTONE ST VANCOUVER$2,653,0004/12/2018$2,571,429-3.072015
R2251656XXX 57TH AVE E VANCOUVER$1,439,7004/18/2018$1,400,000-2.761954
R22524454XXX DRUMMOND DR VANCOUVER$15,676,0004/30/2018$15,300,000-2.41990
R22528265XXX KERR ST VANCOUVER$1,821,0004/18/2018$1,780,000-2.252003
R22573221XXX 54TH AVE E VANCOUVER$1,696,9004/22/2018$1,662,000-2.061949
R2237534XXX 53RD AVE E VANCOUVER$3,006,0004/2/2018$2,950,000-1.862006
R2257251XXX 54TH AVE E VANCOUVER$1,549,4004/23/2018$1,529,000-1.321975
R22383426XXX CARTIER ST VANCOUVER$4,080,0004/24/2018$4,048,000-0.781937
R2257447XXX 56TH AVE E VANCOUVER$1,885,1004/21/2018$1,886,0000.051947
R22506373XXX 8TH AVE E VANCOUVER$1,638,0004/5/2018$1,650,0000.732003
R22498284XXX LANARK ST VANCOUVER$1,719,9004/1/2018$1,735,0000.881947
R2258737XXX 11TH AVE E VANCOUVER$1,774,0004/26/2018$1,800,0001.471909
R22465412XXX WAVERLEY AVE VANCOUVER$1,522,0004/15/2018$1,549,0001.771977
R22455852XXX 48TH AVE E VANCOUVER$1,569,0004/3/2018$1,600,0001.981990
R2252569XXX 38TH AVE E VANCOUVER$1,470,1004/16/2018$1,500,0002.031962
R2252427XXX 19TH AVE E VANCOUVER$1,810,0004/22/2018$1,850,0002.211978
R22548781XXX GRANT ST VANCOUVER$2,100,0004/16/2018$2,150,0002.381913
R22549273XXX 32ND AVE W VANCOUVER$3,613,3004/13/2018$3,700,0002.41937
R22488824XXX ARGYLE ST VANCOUVER$1,168,4004/16/2018$1,200,0002.71911
R22600454XXX ST. CATHERINES ST VANCOUVER$1,551,0004/30/2018$1,600,0003.161913
R22533391XXX RENFREW ST VANCOUVER$1,354,4004/6/2018$1,398,0003.221927
R22196672XXX 34TH AVE E VANCOUVER$2,502,0004/18/2018$2,588,0003.442016
R22544836XXX WINDSOR ST VANCOUVER$1,495,5004/16/2018$1,551,0003.711945
R22497263XXX CLARK DR VANCOUVER$1,654,0004/7/2018$1,730,0004.592009
R2251611XXX 17TH AVE E VANCOUVER$2,169,0004/23/2018$2,268,8004.61910
R22587592XXX VENABLES ST VANCOUVER$1,564,1004/19/2018$1,650,0005.491946
R22582696XXX KERR ST VANCOUVER$1,439,0004/23/2018$1,520,0005.631985
R22554412XXX CHARLES ST VANCOUVER$1,395,9004/17/2018$1,475,0005.671955
R22537503XXX BROADWAY E VANCOUVER$1,494,0004/16/2018$1,580,0005.761963
R2257222XXX GARDEN DR VANCOUVER$1,465,0004/23/2018$1,551,0005.871912
R22565682XXX 32ND AVE E VANCOUVER$1,562,0004/15/2018$1,660,0006.271992
R22526522XXX CYPRESS ST VANCOUVER$1,873,1004/12/2018$2,000,0006.771910
R22565182XXX RUPERT ST VANCOUVER$1,591,0004/22/2018$1,700,0006.851996
R22580801XXX 35TH AVE E VANCOUVER$1,610,0004/23/2018$1,721,0006.891993
R22486493XXX WILLIAM ST VANCOUVER$1,326,5004/5/2018$1,425,0007.431968
R22523502XXX 2ND AVE E VANCOUVER$1,453,0004/9/2018$1,561,2507.451931
R22577602XXX 5TH AVE E VANCOUVER$1,441,0004/24/2018$1,549,0007.491944
R22519166XXX CROWN ST VANCOUVER$2,082,0004/3/2018$2,238,0007.491978
R22470042XXX NAPIER ST VANCOUVER$1,579,0004/3/2018$1,700,0007.661997
R22505814XXX INVERNESS ST VANCOUVER$1,644,0004/3/2018$1,800,0009.491928
R22551562XXX 7TH AVE E VANCOUVER$1,546,2004/17/2018$1,699,0009.881941
R22512346XXX MACKENZIE ST VANCOUVER$4,725,0004/6/2018$5,200,00010.051960
R225249633 22ND AVE W VANCOUVER$2,977,0004/5/2018$3,295,00010.682012
R22582723XXX PENDER ST E VANCOUVER$1,606,0004/23/2018$1,780,00010.831999
R22549082XXX PANDORA ST VANCOUVER$1,425,3004/16/2018$1,585,00011.21927
R22464302XXX 33RD AVE W VANCOUVER$3,548,0004/6/2018$3,950,00011.331963
R22513906XXX LABURNUM ST VANCOUVER$3,492,0004/25/2018$3,900,00011.682017
R2254558XXX UNION ST VANCOUVER$1,528,0004/16/2018$1,738,00013.741905
R22505955XXX BLENHEIM ST VANCOUVER$3,384,0004/20/2018$3,850,00013.771927
R22526262XXX 24TH AVE E VANCOUVER$1,417,6004/10/2018$1,615,00013.921965
R2255152XXX 14TH AVE E VANCOUVER$1,840,0004/16/2018$2,100,00014.131913
R22574751XXX 30TH AVE E VANCOUVER$1,311,1004/23/2018$1,500,00014.411959
R22522194XXX DUMFRIES ST VANCOUVER$2,307,0004/11/2018$2,655,00015.081912
R22595772XXX STEPHENS ST VANCOUVER$2,257,0004/30/2018$2,630,00016.531914
R22471233XXX 23RD AVE E VANCOUVER$1,958,0004/17/2018$2,285,00016.72013
R22502262XXX WILLIAM ST VANCOUVER$1,728,0004/4/2018$2,058,00019.11911
R22495543XXX GEORGIA ST E VANCOUVER$1,631,0004/3/2018$1,999,99922.622017
R22551534XXX JOHN ST VANCOUVER$1,322,0004/15/2018$1,645,00024.431910
R22563152XXX WILLIAM ST VANCOUVER$1,317,2004/14/2018$1,670,00026.781927
R2256873XXX 23RD AVE E VANCOUVER$1,799,0004/23/2018$2,301,00027.91927
R2260720XXX 47TH AVE E VANCOUVER$2,145,6004/30/2018$2,780,22529.581946
R22352564XXX HARRIET ST VANCOUVER$1,743,0004/7/2018$2,365,00035.692018
R22542145XXX ELGIN ST VANCOUVER$1,436,0004/8/2018$2,645,00084.192018
R2197395XXX MARINE DR SW VANCOUVER$1,832,7004/3/2018$3,598,88896.371964

References   [ + ]

1. https://webcache.googleusercontent.com/search?q=cache:NrpGWZzay14J:https://www.remax-centrecity.bc.ca/BC/vancouver/v5x2r4/4721310-MLS-R2197395-na-261-SW-MARINE-DRIVE-1+&cd=1&hl=en&ct=clnk&gl=ca
2. https://info.bcassessment.ca/news/Pages/2018_Property_Assessments_Preview.aspx

3 Responses to Most Vancouver houses sold below assessment in April

  1. nonconfidencevote says:

    …..and we’re only 1 month into the B20 rules…

    Interest rate rises…
    Foreign ownership tax…
    Flipper and speccer audits…
    The media finally calling the housing market for what it is….a ponzi scam.

    Ahhhhhh.
    Gonna sit back and watch this whole Monopolistic real estate self promotion industry implode……

    luvin it!

    Happy Housing Crash Everyone!

    ahahahahahahahahahahahahahahahaha

    P.S.

    Realtors
    So if no one calls your phone for a month….does Telus give you a rebate?

  2. Ted cruz says:

    Can someone explain the article, it says east vancouver gained? Are they comparing the affordable rezoning assembly lots? Lots that qualify on primary and secondary arterial routes have tripled in price. The rest have dropped.

    Anyways, mortage rules, psychology, taxes and many other factors have and will continue to crash the market.

    I have a better solution. The city should not tax houses below 500k , anything above would be taxed at 100%. Affortable problem solved.

  3. nonconfidencevote says:

    Zolo stats for White Rock with a quick snapshot of other municipalities at the end of the report.

    Could the last Realturd working in White Rock please turn out the lights….?

    Down she goes!

    https://www.zolo.ca/white-rock-real-estate/trends

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