Real Estate: Vancouver Price Drop ” RICHMOND CONDO “
#10 ) Address:# 102 8460 GRANVILLE AV, Brighouse South, Richmond
|October 06, 2006||V609652||$315,000||$0||0%|
|October 29, 2006||V609652||$325,000||$0||0%|
|February 16, 2007||V609652||removed after 133 days|
|February 21, 2007||V631503||$325,000||$0||0%|
|March 13, 2007||V631503||$315,000||$-10,000||-3%|
|March 19, 2007||V631503||removed after 26 days|
|April 25, 2009||V763169||$328,000||$0||0%|
|May 21, 2009||V763169||removed after 26 days|
|May 20, 2011||V889386||$466,000||$0||0%|
|June 29, 2011||V889386||$446,000||$-20,000||-4%|
|September 01, 2011||V889386||removed after 104 days|
|August 24, 2012||V967816||$368,000||$-98,000||-21%|
|September 21, 2012||V967816||$355,000||$-111,000||-24%|
|October 26, 2012||V967816||$349,000||$-117,000||-25%|
|November 17, 2012||V967816||$335,000||$-131,000||-28%|
|November 26, 2012||V967816||removed after 94 days|
|December 13, 2012||V982452||$319,800||$-146,200||-31%|
6 sales here last year for an average of 5% ABOVE assessment and this unit is now priced at 12% BELOW assessment. Another apartment back at 2006 price levels and this one is in Richmond, not in the Fraser Valley
LOWEST PRICED 900FT2 2 Bdrm apt in Richmond CITY CTR. Priced $42’200 BELOW ASSESSMENT to sell quickly. Rock solid CONCRETE BOSA building. Beautiful kitchen with granite countertops, upgraded stainless steel appliances, spa-like bathrooms, , Open concept living and dining with gas fireplace & access to x-large private patio (great for pets, entertaining etc), in-suite laundry plus 2 PARKING STALLS & 1 locker. Excellent location in City Center close to Central library, Richmond Center Mall, Skytrain, buses, banks, restaurants, shops, Garden City Park, Schools & Kwantlen College, and YVR Airport. DON’T MISS THIS ONE!! WON’T LAST!!! Open House Dec 16th 2:00am-4:00pm
I recall this Hi – Rise….it was built several years ago, before the last boom took hold.
Via the adresss, this appears to be a First Floor Unit.
Reading various blogs , what I have found is that when a Hi – Rise is pre-sold…many insiders get options of the best units….and what is leftover …..err…..” available to the general public ” ….is usually the worst units…. bad views, next to noisy mechanical areas ……etc. etc.
Unless mistaken and reading the history in the chart above….the owner has tried to sell this unit for years….even during the BOOM period…..this appears to be a real “dog” of a unit.
It should also be noted that directly WEST, across the street… is a strip mall with 24 hour convenience store…
IMHO, the sales history(or lack thereof) is INvaluable information. “The market” has given the unit a “thumbs down” ….one shouldn’t jump in and perceive this as a bargain. If one buys this…..one day one may have to sell it.
In addition….there are several NEWER Hi – Rises that have been built nearby, and a new one planned literally across the street aka lots of product to chose from within a stones throw….
More indication of a BUYERS market….