Vancouver Price Drop: Mondo Condo Listings – July 17, 2012
Documenting Vancouverreal estate price movements
Mondo Condo Listings – July 17, 2012
23 Comments Posted by an observer on July 17, 2012
This is a new report concept I came up with after seeing a post on VancouverCondo.Info referencing an old Condo Index for various units downtown. This table shows the 20 buildings (technically building addresses) that have the most units currently for sale along with the number of units that have dropped in price (since early March). I’ll update this one periodically
* Denotes a building that is within 1 year old
** Denotes a building that is not currently complete
7 of the top 11 are less than a year old… Looks like a lot of flippers are in for a rude awakening
| Address | Region | Units | $ Drops | % |
| 161 W GEORGIA ST * | Downtown, Vancouver West | 37 | 8 | 22% |
| 833 SEYMOUR ST * | Downtown, Vancouver West | 33 | 14 | 42% |
| 7121 192ND ST * | Clayton, Cloverdale | 27 | 9 | 33% |
| 5782 BERTON AV * | University, Vancouver West | 24 | 12 | 50% |
| 1028 BARCLAY ST * | West End, Vancouver West | 22 | 11 | 50% |
| 5682 WHARF AV ** | Sechelt, Sunshine Coast | 22 | 0 | 0% |
| 9888 CAMERON ST | Sullivan Heights, Burnaby | 20 | 11 | 55% |
| 565 SMITHE ST | Downtown, Vancouver West | 20 | 9 | 45% |
| 6688 ARCOLA ST * | Highgate, Burnaby | 19 | 10 | 53% |
| 660 NOOTKA WY | Port Moody Centre, Port Moody | 19 | 9 | 47% |
| 838 W HASTINGS ST * | Downtown, Vancouver West | 19 | 8 | 42% |
| 1011 W CORDOVA ST | Coal Harbour, Vancouver West | 19 | 3 | 16% |
| 4050 WHISTLER WY | Whistler, Whistler Pemberton | 19 | 3 | 16% |
| 4888 BRENTWOOD DR | Brentwood Park, Burnaby | 18 | 11 | 61% |
| 128 W CORDOVA ST | Downtown, Vancouver West | 18 | 8 | 44% |
| 6888 ROYAL OAK AV ** | Metrotown, Burnaby | 17 | 0 | 0% |
| 17171 2B AV ** | Pacific Douglas, White Rock | 16 | 16 | 100% |
| 15152 RUSSELL AV | White Rock, White Rock | 16 | 8 | 50% |
| 280 ROSS DR | Fraserview, New Westminster | 16 | 5 | 31% |
| 2036 LONDON LN | Whistler, Whistler Pemberton | 16 | 5 | 31% |
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COMMENT:
I like the authors parameters……ie up to ONE year old…..or not YET completed.
Anything older could be owner occupied, etc. which could confuse the interpretation, hence those with asterisks have a high probability of speculative flips.
I hope that Pre Sales will be stopped, they are a bane to the Real Estate Industry. They contribute NOTHING POSITIVE to the economy. All they do is price people out and inflate the market, till the inevitable collapse occurs.
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