Asking Prices Dropping – April 11th, $2.14M; June 3rd, $1.98M; June 23rd, $1.85M

Inventory growth rate has slowed slightly, but price drops continue apace. -vreaa

MLS V822260, 4006 West 38th Ave, Southlands/Dunbar, 53 x 167 lot (8851 sqft), 2,016 sqft house (blurb implies knock-down).

Asking Price: April 11th, 2010 $2.14M; June 3rd, $1.98M; June 23rd, $1.85M. That’s about 15% drop in asking price over 10 weeks.

4 responses to “Asking Prices Dropping – April 11th, $2.14M; June 3rd, $1.98M; June 23rd, $1.85M

  1. Yeah, I can see that happening when coming off the highs of the market…. but is it happening with more “affordable” places like 1-2 bdrm places around the city?

  2. 444 West 49th. There are 5 places for sale over $500k. Lorne Goldman just dropped one on the market at $399,000……

  3. someone should just give a low ball at 50% list. 🙂

  4. HOLY CRAP! This is a house that I was considering renting for a very short period of time (6 months)…it was a shit hole! And not worth 500K! COME ON people kick yourself in the heads, this RE bubble is ridiculous and will end very soon…if I had that kind of money I would buy a brand new palace in Arizona or Hawaii where we can actually see the sun! Not this shithole place called Vancouver…where you get to see the sun for 3 weeks in august if you are lucky.

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