By ThinkPol Staff

The number of Vancouver detached houses selling below assessed value in May outnumbered those selling for more, with some going as low as 32% below, making it the fourth 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 84 out of the 139, or 60 per cent, of the single family home sales recorded in the system as of June 1 in Vancouver sold below 2017 assessed value.

MLS# Address Assessed Date Sold Sold Price Change % Year Built R2248854 4XXX SALISH DR VANCOUVER ** $3,262,000 5/4/2018 $380,000 -88.35 1966 R2195138 1XXX 64TH AVE E VANCOUVER $1,808,700 5/27/2018 $1,228,000 -32.11 1950 R2266726 4XXX LOCARNO CRES VANCOUVER $4,857,000 5/14/2018 $3,500,000 -27.94 1937 R2224160 2XXX 44TH AVE W VANCOUVER $2,508,900 5/8/2018 $1,900,000 -24.27 1968 R2265499 5XXX ALMA ST VANCOUVER $3,403,000 5/17/2018 $2,580,000 -24.18 1938 R2258360 4XXX 6TH AVE W VANCOUVER $4,140,700 5/15/2018 $3,200,000 -22.72 1939 R2265974 3XXX 14TH AVE W VANCOUVER $4,169,000 5/15/2018 $3,288,000 -21.13 1927 R2262686 2XXX 17TH AVE W VANCOUVER $2,580,700 5/7/2018 $2,050,000 -20.56 1950 R2256825 4XXX 20TH AVE W VANCOUVER $4,037,300 5/22/2018 $3,210,000 -20.49 1938 R2257407 5XXX DUMFRIES ST VANCOUVER $1,880,000 5/28/2018 $1,510,000 -19.68 1972 R2257293 6XXX BRUCE ST VANCOUVER $1,186,300 5/28/2018 $975,000 -17.81 1944 R2263388 3XXX 5TH AVE W VANCOUVER $2,905,400 5/3/2018 $2,395,000 -17.57 1921 R2269574 5XXX SHERBROOKE ST VANCOUVER $1,296,300 5/30/2018 $1,068,888 -17.54 1913 R2264277 5XXX ANGUS DR VANCOUVER $9,585,000 5/18/2018 $8,000,000 -16.54 1929 R2256221 3XXX 20TH AVE W VANCOUVER $2,866,000 5/18/2018 $2,425,000 -15.39 1927 R2247797 8XXX HUDSON ST VANCOUVER $2,124,400 5/12/2018 $1,815,000 -14.56 9999 R2262545 1XXX VICTORIA DR VANCOUVER $1,292,200 5/5/2018 $1,114,500 -13.75 1953 R2260232 4XXX QUEBEC ST VANCOUVER $1,446,800 5/19/2018 $1,250,000 -13.6 1912 R2264747 2XXX 34TH AVE W VANCOUVER $2,474,100 5/12/2018 $2,150,000 -13.1 1918 R2269560 3XXX KING EDWARD AVE W VANCOUVER $3,396,000 5/24/2018 $2,952,381 -13.06 2017 R2254384 4XXX DUNBAR ST VANCOUVER $1,982,900 5/28/2018 $1,725,000 -13.01 1936 R2256031 XXX 69TH AVE W VANCOUVER $1,825,500 5/8/2018 $1,590,000 -12.9 1972 R2262240 3XXX 28TH AVE W VANCOUVER $3,625,000 5/8/2018 $3,200,000 -11.72 1927 R2268332 1XXX 39TH AVE E VANCOUVER $1,468,600 5/17/2018 $1,300,000 -11.48 1928 R2257574 6XXX VICTORIA DR VANCOUVER $1,383,500 5/2/2018 $1,225,000 -11.46 1931 R2260655 3XXX ST. GEORGE ST VANCOUVER $1,353,800 5/14/2018 $1,200,000 -11.36 1908 R2268035 1XXX ALLISON RD VANCOUVER $6,315,400 5/24/2018 $5,600,000 -11.33 1949 R2259983 2XXX 39TH AVE E VANCOUVER $1,607,100 5/8/2018 $1,425,000 -11.33 1940 R2261515 2XXX 33RD AVE W VANCOUVER $2,926,000 5/18/2018 $2,607,000 -10.9 1937 R2262175 3XXX 36TH AVE W VANCOUVER $3,603,000 5/11/2018 $3,230,000 -10.35 1921 R2270982 2XXX BURQUITLAM DR VANCOUVER $1,934,600 5/28/2018 $1,740,000 -10.06 1953 R2265914 4XXX 8TH AVE W VANCOUVER $3,391,000 5/15/2018 $3,080,000 -9.17 1928 R2251986 5XXX CHESTER ST VANCOUVER $1,393,000 5/7/2018 $1,265,508 -9.15 1955 R2268146 3XXX 43RD AVE W VANCOUVER $4,153,100 5/18/2018 $3,778,000 -9.03 1931 R2269210 7XXX HUDSON ST VANCOUVER $2,307,000 5/28/2018 $2,100,000 -8.97 1992 R2256055 7 28TH AVE W VANCOUVER $2,368,800 5/7/2018 $2,160,000 -8.81 1945 R2269007 1XXX 12TH AVE W VANCOUVER $2,835,700 5/25/2018 $2,588,000 -8.74 1919 R2268170 5XXX DUMFRIES ST VANCOUVER $1,749,400 5/23/2018 $1,600,000 -8.54 1969 R2264923 6XXX LANCASTER ST VANCOUVER $2,097,800 5/11/2018 $1,920,000 -8.48 1957 R2260006 XXX 33RD AVE E VANCOUVER $1,242,700 5/15/2018 $1,139,000 -8.34 1931 R2266141 XXX 20TH AVE W VANCOUVER $2,334,500 5/9/2018 $2,145,000 -8.12 1929 R2257770 4XXX BLENHEIM ST VANCOUVER $2,661,300 5/14/2018 $2,447,500 -8.03 1927 R2237794 8XXX HUDSON ST VANCOUVER $2,115,000 5/14/2018 $1,950,000 -7.8 1942 R2260634 3XXX 3RD AVE W VANCOUVER $2,791,000 5/15/2018 $2,600,000 -6.84 1912 R2246613 5XXX ARLINGTON ST VANCOUVER $1,799,500 5/17/2018 $1,680,000 -6.64 1950 R2259490 2XXX 19TH AVE W VANCOUVER $2,730,000 5/1/2018 $2,550,000 -6.59 1989 R2262942 4XXX JOHN ST VANCOUVER $1,758,400 5/7/2018 $1,649,000 -6.22 1919 R2230751 3XXX PETERSHAM AVE VANCOUVER $1,794,000 5/11/2018 $1,685,000 -6.08 1998 R2249615 2XXX UPLAND DR VANCOUVER $1,439,000 5/11/2018 $1,358,000 -5.63 1986 R2266818 1XXX 11TH AVE E VANCOUVER $1,638,000 5/15/2018 $1,550,000 -5.37 9999 R2242443 XXX 52ND AVE E VANCOUVER $1,774,000 5/2/2018 $1,680,000 -5.3 1978 R2259864 2XXX ONTARIO ST VANCOUVER $2,717,000 5/3/2018 $2,575,000 -5.23 1908 R2232721 1XXX NANTON AVE VANCOUVER $8,935,000 5/19/2018 $8,500,000 -4.87 2017 R2257735 XXX MARINE DR SE VANCOUVER $1,491,900 5/1/2018 $1,420,000 -4.82 1950 R2262511 2XXX MARINE DR SE VANCOUVER $1,152,000 5/8/2018 $1,098,000 -4.69 1992 R2272214 7XXX KERR ST VANCOUVER $1,516,200 5/29/2018 $1,450,000 -4.37 1966 R2262459 5XXX SHERBROOKE ST VANCOUVER $1,355,600 5/9/2018 $1,299,000 -4.18 1931 R2257268 XXX 27TH AVE E VANCOUVER $1,959,600 5/7/2018 $1,880,000 -4.06 1910 R2262632 3XXX ONTARIO ST VANCOUVER $3,511,000 5/24/2018 $3,370,039 -4.01 2001 R2253057 4XXX HENRY ST VANCOUVER $1,395,600 5/14/2018 $1,345,000 -3.63 1946 R2255439 XXX 53RD AVE E VANCOUVER $1,533,400 5/27/2018 $1,480,000 -3.48 1948 R2262716 3XXX 30TH AVE W VANCOUVER $3,637,000 5/7/2018 $3,518,000 -3.27 1993 R2262480 3XXX MATAPAN CRES VANCOUVER $1,772,000 5/10/2018 $1,715,000 -3.22 1988 R2263551 XXX 13TH AVE E VANCOUVER $1,760,600 5/8/2018 $1,705,000 -3.16 1925 R2221970 3XXX PINE CRES VANCOUVER $26,758,000 5/17/2018 $26,000,000 -2.83 2016 R2270836 3XXX 14TH AVE W VANCOUVER $4,570,000 5/29/2018 $4,450,000 -2.63 2005 R2260077 XXX 17TH AVE W VANCOUVER $2,652,500 5/21/2018 $2,600,000 -1.98 1935 R2249971 XXX 58TH AVE E VANCOUVER $1,329,000 5/6/2018 $1,305,000 -1.81 1995 R2247828 1XXX KING EDWARD AVE W VANCOUVER $4,149,000 5/6/2018 $4,080,000 -1.66 1929 R2246647 6XXX BROOKS ST VANCOUVER $2,069,000 5/20/2018 $2,045,000 -1.16 1999 R2266027 2XXX VENABLES ST VANCOUVER $1,316,800 5/10/2018 $1,302,561 -1.08 1930 R2270504 3XXX LANARK ST VANCOUVER $1,687,000 5/28/2018 $1,670,000 -1.01 1910 R2271045 1XXX 37TH AVE E VANCOUVER $1,369,000 5/28/2018 $1,355,500 -0.99 1942 R2266082 2XXX 2ND AVE E VANCOUVER $1,722,000 5/15/2018 $1,709,250 -0.74 1913 R2268142 3XXX 23RD AVE E VANCOUVER $1,358,000 5/15/2018 $1,350,000 -0.59 1956 R2263084 4XXX DUMFRIES ST VANCOUVER $1,689,500 5/22/2018 $1,682,000 -0.44 1946 R2266663 1XXX 64TH AVE E VANCOUVER $1,707,400 5/14/2018 $1,700,000 -0.43 1950 R2263958 4XXX SKEENA ST VANCOUVER $1,302,000 5/7/2018 $1,300,000 -0.15 1948 R2249900 6XXX VINE ST VANCOUVER $3,475,000 5/10/2018 $3,470,000 -0.14 2015 R2262350 3XXX GRAVELEY ST VANCOUVER $1,431,700 5/8/2018 $1,430,000 -0.12 1938 R2260875 4XXX PRINCE ALBERT ST VANCOUVER $1,650,900 5/5/2018 $1,649,000 -0.12 1923 R2242600 XXX PRIOR ST VANCOUVER $1,201,300 5/15/2018 $1,199,900 -0.12 2015 R2264154 XXX 23RD AVE E VANCOUVER $1,701,700 5/14/2018 $1,700,000 -0.1 1929 R2262218 3XXX 13TH AVE W VANCOUVER $2,521,000 5/3/2018 $2,520,000 -0.04 1930 R2236648 7XXX NANAIMO ST VANCOUVER $1,607,000 5/4/2018 $1,610,000 0.19 1987 R2267383 3XXX 28TH AVE E VANCOUVER $1,565,000 5/15/2018 $1,575,000 0.64 2003 R2260840 4XXX PRINCE ALBERT ST VANCOUVER $1,386,700 5/3/2018 $1,400,000 0.96 1924 R2255882 7XXX SELKIRK ST VANCOUVER $2,402,000 5/5/2018 $2,428,000 1.08 1989 R2259608 3XXX 22ND AVE W VANCOUVER $3,017,000 5/2/2018 $3,050,000 1.09 1989 R2229868 8XXX CHESTER ST VANCOUVER $1,394,000 5/2/2018 $1,410,000 1.15 1974 R2261634 2XXX 30TH AVE W VANCOUVER $5,528,000 5/6/2018 $5,592,000 1.16 1995 R2261780 1XXX WOODLAND DR VANCOUVER $1,365,000 5/1/2018 $1,385,000 1.47 1994 R2262958 1XXX 17TH AVE E VANCOUVER $1,717,000 5/12/2018 $1,742,500 1.49 1993 R2273629 1XXX 33RD AVE E VANCOUVER $1,637,000 5/29/2018 $1,665,000 1.71 1910 R2258304 4XXX ANGUS DR VANCOUVER $5,896,000 5/16/2018 $6,000,000 1.76 2001 R2243708 3XXX WELWYN ST VANCOUVER $1,546,300 5/14/2018 $1,575,000 1.86 1910 R2256379 2XXX 31ST AVE W VANCOUVER $3,766,700 5/11/2018 $3,850,000 2.21 1938 R2265578 2XXX 53RD AVE E VANCOUVER $1,494,400 5/12/2018 $1,530,000 2.38 1967 R2257597 2XXX FERNDALE ST VANCOUVER $1,071,900 5/3/2018 $1,100,000 2.62 1906 R2260749 1XXX 58TH AVE E VANCOUVER $1,925,000 5/15/2018 $1,978,000 2.75 2004 R2260008 3XXX 3RD AVE W VANCOUVER $6,012,000 5/11/2018 $6,200,000 3.13 2013 R2255452 3XXX 1ST AVE E VANCOUVER $1,350,500 5/1/2018 $1,393,000 3.15 1956 R2259144 2XXX ST. CATHERINES ST VANCOUVER $1,571,000 5/1/2018 $1,623,000 3.31 1908 R2251583 2XXX GEORGIA ST E VANCOUVER $1,483,000 5/7/2018 $1,538,000 3.71 1998 R2267281 6XXX ST. CATHERINES ST VANCOUVER $1,542,000 5/19/2018 $1,600,000 3.76 1980 R2265481 4XXX BEATRICE ST VANCOUVER $1,391,700 5/12/2018 $1,445,000 3.83 1964 R2261768 1XXX LAKEWOOD DR VANCOUVER $1,669,700 5/11/2018 $1,735,000 3.91 1925 R2250924 3XXX 4TH AVE E VANCOUVER $1,784,600 5/12/2018 $1,855,000 3.94 1942 R2265973 XXX 46TH AVE E VANCOUVER $2,154,000 5/13/2018 $2,250,000 4.46 2010 R2248602 XXX 26TH AVE W VANCOUVER $2,961,000 5/8/2018 $3,095,000 4.53 2012 R2270886 5XXX SHERBROOKE ST VANCOUVER $2,200,000 5/26/2018 $2,300,000 4.55 1945 R2266272 2XXX 10TH AVE W VANCOUVER $1,856,400 5/18/2018 $1,950,000 5.04 1927 R2262681 XXX 60TH AVE E VANCOUVER $2,104,000 5/8/2018 $2,240,000 6.46 2012 R2247852 5XXX ALMA ST VANCOUVER $3,737,000 5/9/2018 $3,980,000 6.5 2017 R2254843 2XXX GRAVELEY ST VANCOUVER $1,546,000 5/3/2018 $1,650,000 6.73 1981 R2247165 1XXX 54TH AVE E VANCOUVER $1,637,000 5/7/2018 $1,750,000 6.9 1987 R2255457 XXX 49TH AVE E VANCOUVER $2,453,000 5/12/2018 $2,625,000 7.01 2003 R2267480 4XXX GLADSTONE ST VANCOUVER $1,631,000 5/9/2018 $1,775,000 8.83 2004 R2271470 3XXX WILLIAM ST VANCOUVER $1,387,000 5/25/2018 $1,518,000 9.44 1994 R2235443 4XXX KNIGHT ST VANCOUVER $1,245,500 5/8/2018 $1,365,000 9.59 1955 R2250410 5XXX CULLODEN ST VANCOUVER $1,428,100 5/6/2018 $1,568,000 9.8 1970 R2262630 2XXX WALL ST VANCOUVER $2,085,000 5/8/2018 $2,300,000 10.31 1968 R2260712 XXX 20TH AVE W VANCOUVER $3,013,000 5/7/2018 $3,333,333 10.63 2018 R2254856 6XXX ARGYLE ST VANCOUVER $1,579,000 5/23/2018 $1,750,000 10.83 1986 R2264620 2XXX 14TH AVE W VANCOUVER $3,688,000 5/13/2018 $4,111,000 11.47 2004 R2265292 2XXX ST. GEORGE ST VANCOUVER $1,710,000 5/14/2018 $1,910,000 11.7 1908 R2245830 2XXX TRINITY ST VANCOUVER $2,161,900 5/7/2018 $2,425,000 12.17 1928 R2268206 6XXX BALMORAL ST VANCOUVER $1,827,000 5/10/2018 $2,050,000 12.21 2018 R2265026 XXX 20TH AVE W VANCOUVER $2,457,800 5/15/2018 $2,800,000 13.92 1925 R2253628 1XXX 13TH AVE W VANCOUVER $3,346,000 5/2/2018 $3,825,000 14.32 1912 R2262624 XXX 32ND AVE E VANCOUVER $1,751,700 5/7/2018 $2,050,000 17.03 1957 R2264404 1XXX 12TH AVE E VANCOUVER $1,412,000 5/12/2018 $1,698,000 20.25 1912 R2262976 4XXX NANAIMO ST VANCOUVER $1,368,100 5/3/2018 $1,650,000 20.61 1958 R2261509 1XXX 21ST AVE E VANCOUVER $1,035,000 5/2/2018 $1,267,000 22.42 1924 R2265314 1XXX LAKEWOOD DR VANCOUVER $1,627,000 5/16/2018 $2,195,000 34.91 1910 R2260801 5XXX PRINCE EDWARD ST VANCOUVER $1,648,000 5/1/2018 $2,275,500 38.08 2007 R2264782 2XXX DUNBAR ST VANCOUVER $2,251,000 5/15/2018 $3,200,000 42.16 1912 R2273109 5XXX PRINCE ALBERT ST VANCOUVER $1,844,000 5/28/2018 $2,699,000 46.37 2017 R2269652 5XXX MANSON ST VANCOUVER $4,073,900 5/18/2018 $6,100,000 49.73 1955

For the first time, the biggest drop in the month was recorded East Vancouver, with a Victoria-Fraserview property selling for 32% below assessed.

(A leasehold property on Salish Drive did sell for 88% below assessed, but this is not unusual for leasehold properties.)

The biggest gainer was Cambie area property – a potential land assembly under Cambie Corridor Phase 3 plan.

“With fewer homes selling today compared to recent years, the number of homes available for sale is rising,” Phil Moore, REBGV president said. “The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.”

2017 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.