By ThinkPol Staff

Well over half of all Vancouver detached houses sold below assessment in March, with some going as low as 22% below, making it the second month in row that a majority of Vancouver single family homes sold below assessed value.

The MLS sales data, which was provided to ThinkPol by an industry source, show 57% of the single family homes sold in Vancouver sold below 2018 assessed value.

MLS# Address Date Sold Sold Price Assessed Value Percentage Difference R2247954 6XXX LARCH ST VANCOUVER 3/19/2018 $2,700,000 $3,484,300 -22.51 R2242301 4XXX 11TH AVE W VANCOUVER 3/6/2018 $2,880,000 $3,704,600 -22.26 R2229998 2XXX 15TH AVE W VANCOUVER 3/6/2018 $2,485,000 $3,087,000 -19.5 R2243644 1XXX 47TH AVE W VANCOUVER 3/3/2018 $3,700,000 $4,516,600 -18.08 R2246223 2XXX 11TH AVE W VANCOUVER 3/21/2018 $2,090,000 $2,540,100 -17.72 R2238609 1XXX 36TH AVE W VANCOUVER 3/1/2018 $3,300,000 $3,956,300 -16.59 R2247747 3XXX MAYFAIR AVE VANCOUVER 3/19/2018 $2,888,000 $3,413,000 -15.38 R2200498 3XXX KING EDWARD AVE W VANCOUVER 3/1/2018 $2,500,000 $2,861,000 -12.62 R2238162 4XXX DONCASTER WAY VANCOUVER 3/3/2018 $3,588,000 $4,014,600 -10.63 R2238172 3XXX VIMY CRES VANCOUVER 3/13/2018 $1,688,888 $1,886,000 -10.45 R2244555 XXX AUBREY PL VANCOUVER 3/9/2018 $1,663,000 $1,854,000 -10.3 R2239222 1XXX GEORGIA ST E VANCOUVER 3/16/2018 $1,259,000 $1,392,000 -9.55 R2231651 XXX 51ST AVE E VANCOUVER 3/5/2018 $1,470,000 $1,619,000 -9.2 R2250110 2XXX SLOCAN ST VANCOUVER 3/25/2018 $1,250,000 $1,374,700 -9.07 R2245309 1XXX 42ND AVE W VANCOUVER 3/13/2018 $2,470,000 $2,699,900 -8.52 R2244680 4XXX ANGUS DR VANCOUVER 3/5/2018 $6,500,000 $7,091,000 -8.33 R2242360 2XXX 39TH AVE W VANCOUVER 3/26/2018 $3,020,000 $3,263,500 -7.46 R2246814 2XXX 21ST AVE W VANCOUVER 3/15/2018 $2,355,000 $2,530,500 -6.94 R2243737 3XXX 2ND AVE W VANCOUVER 3/6/2018 $2,820,000 $3,027,000 -6.84 R2245800 2XXX 28TH AVE W VANCOUVER 3/19/2018 $3,080,000 $3,305,000 -6.81 R2235447 3XXX TUPPER ST VANCOUVER 3/12/2018 $2,000,000 $2,141,600 -6.61 R2245046 1XXX 13TH AVE E VANCOUVER 3/15/2018 $1,699,000 $1,812,000 -6.24 R2244010 2XXX 32ND AVE E VANCOUVER 3/9/2018 $1,350,000 $1,434,100 -5.86 R2234635 2XXX 41ST AVE W VANCOUVER 3/2/2018 $2,950,000 $3,133,000 -5.84 R2244609 6XXX ARLINGTON ST VANCOUVER 3/11/2018 $1,530,000 $1,620,800 -5.6 R2247057 1XXX CYPRESS ST VANCOUVER 3/15/2018 $2,980,000 $3,148,200 -5.34 R2245276 2XXX PRINCE ALBERT ST VANCOUVER 3/12/2018 $1,208,000 $1,268,400 -4.76 R2242251 2XXX 10TH AVE W VANCOUVER 3/5/2018 $2,500,000 $2,621,000 -4.62 R2236452 3XXX WAVERLEY AVE VANCOUVER 3/6/2018 $1,300,000 $1,353,100 -3.92 R2242861 3XXX 30TH AVE W VANCOUVER 3/10/2018 $3,980,000 $4,136,000 -3.77 R2245758 3XXX KING EDWARD AVE W VANCOUVER 3/12/2018 $2,390,000 $2,482,000 -3.71 R2228818 4XXX COMMERCIAL ST VANCOUVER 3/6/2018 $1,386,000 $1,439,000 -3.68 R2243797 3XXX 33RD AVE W VANCOUVER 3/15/2018 $2,850,000 $2,952,700 -3.48 R2239721 6XXX LANARK ST VANCOUVER 3/11/2018 $1,520,060 $1,566,500 -2.96 R2245725 7XXX FRASER ST VANCOUVER 3/12/2018 $1,400,000 $1,428,000 -1.96 R2234739 2XXX 47TH AVE E VANCOUVER 3/2/2018 $1,310,000 $1,336,100 -1.95 R2245488 2XXX GARDEN DR VANCOUVER 3/12/2018 $1,640,000 $1,666,000 -1.56 R2245198 XXX 11TH AVE E VANCOUVER 3/19/2018 $1,651,000 $1,676,100 -1.5 R2244602 1XXX 27TH AVE E VANCOUVER 3/18/2018 $1,598,000 $1,618,200 -1.25 R2234424 6XXX FREMLIN ST VANCOUVER 3/1/2018 $4,950,000 $5,007,000 -1.14 R2229583 3XXX 24TH AVE W VANCOUVER 3/2/2018 $3,788,000 $3,822,000 -0.89 R2242453 3XXX 34TH AVE W VANCOUVER 3/6/2018 $3,970,000 $4,000,000 -0.75 R2244719 XXX 63RD AVE W VANCOUVER 3/14/2018 $1,950,000 $1,962,500 -0.64 R2242774 5XXX BATTISON ST VANCOUVER 3/6/2018 $1,960,000 $1,961,000 -0.05 R2226603 6XXX BEATRICE ST VANCOUVER 3/10/2018 $1,850,000 $1,840,000 0.54 R2230056 1XXX GARDEN DR VANCOUVER 3/14/2018 $1,550,000 $1,536,400 0.89 R2239509 8XXX ELLIOTT ST VANCOUVER 3/16/2018 $2,170,000 $2,147,200 1.06 R2237098 5XXX LINCOLN ST VANCOUVER 3/8/2018 $2,058,800 $2,031,000 1.37 R2240877 2XXX 18TH AVE E VANCOUVER 3/9/2018 $1,365,000 $1,346,000 1.41 R2245065 3XXX DIEPPE DR VANCOUVER 3/13/2018 $1,450,000 $1,425,300 1.73 R2241492 2XXX KEITH DR VANCOUVER 3/1/2018 $1,900,000 $1,858,300 2.24 R2202969 XXX 63RD AVE E VANCOUVER 3/2/2018 $1,625,000 $1,586,000 2.46 R2237132 XXX 50TH AVE E VANCOUVER 3/16/2018 $2,275,000 $2,219,000 2.52 R2245034 27 49TH AVE E VANCOUVER 3/7/2018 $1,808,000 $1,745,000 3.61 R2245587 4XXX HARRIET ST VANCOUVER 3/22/2018 $1,725,000 $1,664,000 3.67 R2248509 XXX 24TH AVE E VANCOUVER 3/19/2018 $1,577,000 $1,517,100 3.95 R2233158 XXX 13TH AVE E VANCOUVER 3/2/2018 $1,760,000 $1,691,000 4.08 R2247167 2XXX NAPIER ST VANCOUVER 3/17/2018 $1,348,000 $1,292,100 4.33 R2233803 3XXX MAYFAIR AVE VANCOUVER 3/13/2018 $4,580,000 $4,387,000 4.4 R2248683 XXX ATLANTIC ST VANCOUVER 3/28/2018 $1,668,000 $1,595,000 4.58 R2241858 1XXX 5TH AVE E VANCOUVER 3/1/2018 $2,100,000 $1,986,000 5.74 R2247118 XXX 17TH AVE W VANCOUVER 3/15/2018 $2,800,000 $2,633,000 6.34 R2242245 46 47TH AVE E VANCOUVER 3/10/2018 $2,888,000 $2,702,000 6.88 R2244648 XXX RUPERT ST VANCOUVER 3/12/2018 $1,320,000 $1,230,900 7.24 R2244024 4XXX WINDSOR ST VANCOUVER 3/4/2018 $1,695,000 $1,563,000 8.45 R2235367 2XXX UPLAND DR VANCOUVER 3/3/2018 $1,528,000 $1,409,000 8.45 R2244852 3XXX 16TH AVE W VANCOUVER 3/12/2018 $2,820,000 $2,586,000 9.05 R2234992 3XXX GEORGIA ST E VANCOUVER 3/6/2018 $1,205,000 $1,102,800 9.27 R2247222 4XXX BALDWIN ST VANCOUVER 3/8/2018 $1,650,000 $1,463,900 12.71 R2240182 4XXX 15TH AVE W VANCOUVER 3/8/2018 $4,400,000 $3,852,000 14.23 R2224108 1XXX THE CRESCENT VANCOUVER 3/4/2018 $4,850,000 $4,231,000 14.63 R2235237 2XXX 45TH AVE E VANCOUVER 3/8/2018 $1,620,000 $1,404,800 15.32 R2246753 1XXX GARDEN DR VANCOUVER 3/20/2018 $1,756,000 $1,498,000 17.22 R2237779 3XXX 7TH AVE E VANCOUVER 3/11/2018 $2,266,667 $1,694,000 33.81 R2244018 2XXX 6TH AVE W VANCOUVER 3/16/2018 $2,708,000 $1,998,000 35.54 R2245227 2XXX CHARLES ST VANCOUVER 3/16/2018 $2,180,000 $1,501,000 45.24 R2244410 6XXX FRASER ST VANCOUVER 3/7/2018 $1,390,000 $932,600 49.05

Once again, the biggest losers were in Vancouver Westside, where 11 of the 12 biggest drops compared to the assessed values were to be found.

Continuing the trend seen in the previous months, 7 out of the 10 biggest gains against assessed values were recorded in East Vancouver.

The largest gainer was a house on Fraser Street, which falls within the narrow area demarcated as being eligible for higher density rezoning under the City of Vancouver’s Affordable Housing Choices Interim Rezoning Policy .

Most of the other houses that sold for well above assessed were new builds.

The MLS sales data show the percentage of houses sold over assessment shrinking every month in 2018.

2018 property assessment values reflects what was happening around BC Assessment’s uniform valuation date of July 1, 2017 .

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.