Victoria Area Flippers In Trouble

Friday, June 13, 2008

Condo 1

2-797 TYEE
Victoria, BC

Total Loss: $30,000	Percent Loss: 10.2%
Asking Price $265,000 Bedrooms: 1 Baths: 1 Sq. feet: 618 Listing History: Down 10.2% from $295,000 On Jul 6/06 Down 17.2% from $320,000 On Jun 15/07 Down 10.2% from $295,000 On Apr 2/08 Down 0.0% from $265,000 On Unknown Date Date Listed: Jul 6/06 Days on market: 707 Taxes: $1 Assessment: N/A Previous Sales: Unknown Comparable: Not Researched MLS# 217436 Google Maps

203-737 HUMBOLDT
Victoria, BC

Total Loss: $34,100	Percent Loss: 7.4%
Asking Price $424,900 Bedrooms: 1 Baths: 1 Sq. feet: 903 Listing History: Down 7.4% from $459,000 On Apr 28/08 Down 3.4% from $439,900 On May 15/08 Down 0.0% from $424,900 On Jun 6/08 Date Listed: Apr 28/08 Days on market: 46 Taxes: $1 Assessment: N/A Previous Sales: Unknown Comparable: Not Researched MLS# 245231 Google Maps

408-356 GORGE
Victoria, BC

Total Loss: $41,000	Percent Loss: 15.0%
Asking Price $232,900 Bedrooms: 1 Baths: 1 Sq. feet: 570 Listing History: Down 15.0% from $273,900 On Nov 29/07 Down 19.7% from $289,900 On Dec 6/07 Down 0.0% from $232,900 On Mar 27/08 Date Listed: Nov 29/07 Days on market: 197 Taxes: $1 Assessment: N/A Previous Sales: Unknown Comparable: Unknown MLS# 238535 Google Maps

301-356 GORGE
Victoria, BC

Total Gain: $55,500	Percent Gain: 25.0%
Asking Price $277,900 Bedrooms: 1 Baths: 1 Sq. feet: 709 Listing History: Up 25.0% from $222,400 On Nov 29/07 Up 4.2% from $266,700 On Nov 30/07 Up 0.0% from $277,900 On Dec 6/07 Date Listed: Nov 29/07 Days on market: 197 Taxes: $1 Assessment: N/A Previous Sales: Unknown Comparable: Unknown MLS# 238513 Google Maps

PH 5-21 ERIE
Victoria, BC

Total Loss: $274,000	Percent Loss: 21.5%
Asking Price $999,999 Bedrooms: 3 Baths: 3 Sq. feet: 1644 Listing History: Down 21.5% from $1,273,999 On May 26/07 Down 18.6% from $1,228,500 On Jun 15/07 Down 15.6% from $1,185,000 On Jul 21/07 Down 0% from $999,999 On Jun 13/08 Date Listed: May 26/07 Days on market: 384 Taxes: $5,505 Assessment: Not Researched Previous Sales: Unknown Comparable: Unknown MLS# 230474 Google Maps

Wednesday, April 2, 2008

Condo Part 1

119-68 Songhees Rd
Victoria, BC

Total Loss: $17,500

Percent Loss: 4.1%

Asking Price: $412,500
Bedrooms: 1 Baths: 2 Sq. feet: 810

Listing History:
Down 4.2% from $430,000 On Dec 13/07
Down 0.7% from $415,000 On Feb 28/08
Down 0.02% from $412,500 On Mar 4/08
Up 0.02% from $412,400 On Mar 20/08
Up 0.0% from $412,500 On Apr 1/08

Date Listed: Dec 13/07
Days on market: 111
# of Times Listed: 2
Taxes: $1
Assessment: $352,000

Previous Sales: Unknown
Comparable: 118-68 Songhees Rd Assessed: $365,000 Sold: $431,000 Oct 18/07

MLS# 238836 Google Maps

113-50 Songhees Rd
Victoria, BC

Total Loss: $49,100

Percent Loss: 9.8%

Asking Price: $449,900
Bedrooms: 2 Baths: 2 Sq. feet: 1241

Listing History:
Down 9.8% from $499,000 On Jan 17/08
Down 5.3% from $474,900 On Feb 10/08
Down 0.0% from $449,900 On Mar 18/08

Date Listed: Jan 17/08
Days on market: 76
# of Times Listed: 1
Taxes: $1
Assessment: $440,000

Previous Sales: Unknown
Comparable: 114-50 Songhees Rd Assessed: $446,000 Sold: $450,000 Mar 30/07

MLS# 239924 Google Maps

219-68 Songhees Rd
Victoria, BC

Total Loss: $20,000

Percent Loss: 4.6%

Asking Price: $409,900
Bedrooms: 1 Baths: 2 Sq. feet: 853

Listing History:
Down 4.6% from $439,900 On Jan 10/08
Down 3.1% from $426,900 On Feb 15/08
Down 0.0% from $409,900 On Mar 14/08

Date Listed: Jan 10/08
Days on market: 83
# of Times Listed: 1
Taxes: $1
Assessment: $371,000

Previous Sales: Unknown
Comparable: 220-68 Songhees Rd Assessed: $403,000 Sold: $467,900 May 3/07

MLS# 239562 Google Maps

201-400 Sitkum Rd
Victoria, BC

Total Loss: $0

Percent Loss: 0.0%

Asking Price: $459,900
Bedrooms: 2 Baths: 3 Sq. feet: 1053

Listing History:
Down 0.0% from $459,900 On Mar 10/08

Date Listed: Mar 10/08
Days on market: 23
# of Times Listed: 1
Taxes: $1911
Assessment: $296,000

Previous Sales: Unknown
Comparable:
223-400 Sitkum Rd Assessed: $362,000 Sold: $367,000 Sep 27/07
224-400 Sitkum Rd Assessed: $374,000 Sold: $378,000 Mar 30/07

MLS# 242403 Google Maps

304-225 Belleville St
Victoria, BC

Total Loss: $99,000

Percent Loss: 17.4%

Asking Price: $469,000
Bedrooms: 2 Baths: 2 Sq. feet: 1334

Listing History:
Down 17.4% from $568,000 On Aug 23/07
Down 13.9% from $545,000 On Oct 5/07
Down 11.5% from $530,000 On Oct 25/07
Down 6.0% from $499,000 On Mar 4/08
Down 0.0% from $469,000 On Apr 2/08

Date Listed: Aug 23/07
Days on market: 223
# of Times Listed: 1
Taxes: $2322
Assessment: $432,000

Previous Sales: Unknown
Comparable: 215-225 Belleville St Assessed: $489,000 Sold: $410,000 Feb 20/07

MLS# 234767 Google Maps

Friday, March 21, 2008

Requests

515 Burnside Rd E
Victoria, BC

Total Loss: $46,900

Percent Loss: 11.7%

Asking Price: $353,000
Bedrooms: 3 Baths: 1 Sq. feet: 1050

Listing History:
Down 11.7% from $399,900 On Sep 21/07
Down 9.3% from $389,000 On Oct 29/07
Down 8.9% from $387,500 On Nov 10/07
Down 8.5% from $385,900 On Nov 19/07
Down 7.7% from $382,500 On Nov 22/07
Down 6.0% from $375,500 On Nov 28/07
Down 4.5% from $369,741 On Dec 2/07
Down 8.8% from $386,900 On Jan 4/08
Down 6.1% from $375,900 On Jan 6/08
Down 4.5% from $369,500 On Jan 9/08
Down 6.1% from $375,900 On Jan 10/08
Down 4.6% from $369,900 On Jan 19/08
Down 1.9% from $360,000 On Jan 25/08
Down 4.6% from $369,900 On Jan 29/08
Down 3.5% from $365,900 On Feb 11/08
Down 1.9% from $359,900 On Feb 20/08
Down 0.8% from $355,900 On Feb 23/08
Down 0.0% from $353,000 On Mar 14/08

Date Listed: Sep 21/07
Days on market: 182
# of Times Listed: 2
Taxes: $1820
Assessment: $321,600

Previous Sales: Unknown

MLS# 240040 Google Maps

3309 Rolston Cres
Saanich, BC

Total Loss: $43,100	Percent Loss: 8.7%
Asking Price: $449,900 Bedrooms: ? Baths: 1 Sq. feet: 1421 Listing History: Down 8.7% from $493,000 On Feb 18/08 Down 4.3% from $469,900 On Feb 29/08 Down 0.0% from $449,900 On Mar 6/08 Date Listed: Feb 18/08 Days on market: 33 # of Times Listed: 1 Taxes: $2234 Assessment: $378,300 Previous Sales: $385,000 Oct 29/07 MLS# 241447 Google Maps

Townhouses Part 1

3-101 St. Lawrence St
Victoria, BC

Total Loss: $19,900

Percent Loss: 4.9%

Asking Price: $389,900
Bedrooms: 3 Baths: 3 Sq. feet: 1261

Listing History:
Down 4.9% from $408,900 On Nov 30/07
Down 2.70% from $399,900 On Dec 30/07
Down 0.0% from $389,900 On Mar 4/08

Date Listed: Nov 30/07
Days on market: 112
# of Times Listed: 1
Taxes: $1875
Assessment: $322,500

Previous Sales: Unknown
Comparable: 5-101 St. Lawrence St Assessed: $332,500 Sold: $365,000 Aug 15/07

MLS# 238566 Google Maps

105-1510 Hillside Ave
Victoria, BC

Total Gain: $15,000	Percent Gain: 3.4%
Asking Price: $449,900 Bedrooms: 3 Baths: 3 Sq. feet: 1269 Listing History: Up 3.4% from $434,900 On Oct 10/07 Down 2.2% from $459,900 On Nov 17/07 Down 0.0% from $449,900 On Feb 13/08 Date Listed: Oct 10/07 Days on market: 163 # of Times Listed: 1 Taxes: $1 Assessment: Unknown Previous Sales: Unknown MLS# 236837 Google Maps

102-1510 Hillside Ave
Victoria, BC

Total Gain: $24,000	Percent Gain: 5.4%
Asking Price: $469,900 Bedrooms: 3 Baths: 3 Sq. feet: 1277 Listing History: Up 5.4% from $445,900 On Oct 10/07 Down 0.0% from $469,900 On Nov 17/07 Date Listed: Oct 10/07 Days on market: 163 # of Times Listed: 1 Taxes: $1 Assessment: Unknown Previous Sales: Unknown MLS# 236835 Google Maps

101-1510 Hillside Ave
Victoria, BC

Total Gain: $4,000	Percent Gain: 0.8%
Asking Price: $489,900 Bedrooms: 3 Baths: 3 Sq. feet: 1426 Listing History: Up 0.8% from $485,900 On Jan 30/07 Up 4.9% from $466,900 On Jul 4/07 Down 0.0% from $489,900 On Nov 17/07 Date Listed: Jan 30/07 Days on market: 416 # of Times Listed: 1 Taxes: $1 Assessment: Unknown Previous Sales: Unknown MLS# 236837 Google Maps

104-1510 Hillside Ave
Victoria, BC

Total Gain: $20,000	Percent Gain: 4.4%
Asking Price: $479,900 Bedrooms: 3 Baths: 3 Sq. feet: 1301 Listing History: Up 4.4% from $459,900 On Oct 13/06 Up 6.9% from $448,900 On Oct 13/07 Up 4.4% from $459,900 On Oct 16/07 Down 0.0% from $479,900 On Nov 22/07 Date Listed: Oct 13/06 Days on market: 525 # of Times Listed: 1 Taxes: $1 Assessment: Unknown Previous Sales: Unknown MLS# 221551 Google Maps

4-1080 Greenridge Cres
Sannich, BC

Total Loss: $50,000

Percent Loss: 9.1%

Asking Price: $499,000
Bedrooms: 3 Baths: 3 Sq. feet: 1469

Listing History:
Down 9.1% from $549,000 On Jan 20/08
Down 7.4% from $539,000 On Feb 17/08
Down 0.0% from $499,000 On Feb 28/08

Date Listed: Jan 20/08
Days on market: 61
# of Times Listed: 1
Taxes: $2902
Assessment: $543,000

Previous Sales: Unknown
Comparable: 1-1080 Greenridge Cres Assessed: $513,000 Sold: $529,000 May 4/07

MLS# 240056 Google Maps

203-791 Station Ave
Langford, BC

Total Loss: $60,000

Percent Loss: 12.8%

Asking Price: $409,000
Bedrooms: 2 Baths: 3 Sq. feet: 1664

Listing History:
Down 12.8% from $469,000 On Oct 29/07
Down 6.8% from $439,000 On Nov 30/07
Down 0.0% from $409,000 On Mar 7/08

Date Listed: Oct 29/07
Days on market: 144
# of Times Listed: 1
Taxes: $1
Assessment: $457,000

Previous Sales: Unknown
Comparable: 205-791 Station Ave Assessed: $428,000 Sold: $342,300 Sep 21/07

MLS# 237454 Google Maps

Langford/Colwood Part 1

699 Sunshine Terr
Langford, BC

Total Loss: $50,000	Percent Loss: 10.0%
Asking Price: $449,900 Bedrooms: 3 Baths: 3 Sq. feet: 1800 Listing History: Down 10.0% from $499,900 On Dec 4/07 Down 6.3% from $479,900 On Dec 7/07 Down 0.0% from $449,900 On Mar 18/08 Date Listed: Dec 4/07 Days on market: 108 # of Times Listed: 1 Taxes: $1 Assessment: $303,000 Previous Sales: Unknown MLS# 238639 Google Maps

698 Sunshine Terr
Langford, BC

Total Loss: $50,000	Percent Loss: 10.0%
Asking Price: $449,900 Bedrooms: 3 Baths: 3 Sq. feet: 1800 Listing History: Down 10.0% from $499,900 On Sep 10/07 Down 6.3% from $479,900 On Oct 24/07 Down 0.0% from $449,900 On Mar 18/08 Date Listed: Sep 10/07 Days on market: 193 # of Times Listed: 1 Taxes: $1 Assessment: $262,000 Previous Sales: Unknown MLS# 235459 Google Maps

2939 Pickford Rd
Colwood, BC

Total Loss: $54,901	Percent Loss: 9.9%
Asking Price: $499,999 Bedrooms: 6 Baths: 3 Sq. feet: 2506 Listing History: Down 9.9% from $554,900 On Jan 10/08 Down 1.9% from $510,000 On Feb 19/08 Down 0.0% from $499,900 On Feb 27/08 Date Listed: Jan 10/08 Days on market: 71 # of Times Listed: 1 Taxes: $1947 Assessment: $462,000 Previous Sales: Unknown MLS# 239775 Google Maps

2663 Crystalview Dr
Langford, BC

Total Loss: $69,500	Percent Loss: 9.7%
Asking Price: $649,500 Bedrooms: 5 Baths: 3 Sq. feet: 2796 Listing History: Down 9.7% from $719,000 On Jan 12/08 Down 5.8% from $689,000 On Jan 28/08 Down 4.4% from $679,000 On Feb 11/08 Down 0.0% from $649,500 On Mar 21/08 Date Listed: Jan 12/08 Days on market: 69 # of Times Listed: 1 Taxes: $3055 Assessment: $542,000 Previous Sales: Unknown MLS# 239659 Google Maps

2604 Ruby Ct
Langford, BC

Total Loss: $50,000	Percent Loss: 6.7%
Asking Price: $699,996 Bedrooms: 4 Baths: 4 Sq. feet: 3237 Listing History: Down 6.7% from $749,996 On Dec 7/07 Down 0.0% from $699,996 On Mar 19/07 Date Listed: Dec 7/07 Days on market: 105 # of Times Listed: 1 Taxes: $1 Assessment: $643,000 Previous Sales: $265,250 On Mar 20/07 MLS# 238800 Google Maps

2283 Setchfield Ave
Langford, BC

Total Loss: $20,000	Percent Loss: 3.1%
Asking Price: $639,900 Bedrooms: 6 Baths: 4 Sq. feet: 2987 Listing History: Down 3.1% from $639,900 On Feb 13/08 Down 1.6% from $629,900 On Mar 4/08 Down 0.0% from $619,900 On Mar 21/08 Date Listed: Feb 13/08 Days on market: 37 # of Times Listed: 1 Taxes: $3162 Assessment: $546,000 Previous Sales: Unknown MLS# 241232 Google Maps

481 Outrigger Loop
Colwood, BC

Total Loss: $20,000	Percent Loss: 2.8%
Asking Price: $699,900 Bedrooms: 6 Baths: 3 Sq. feet: 3302 Listing History: Down 2.8% from $719,900 On Jan 17/08 Down 1.4% from $709,900 On Feb 13/08 Down 0.0% from $699,900 On Mar 3/08 Date Listed: Jan 17/08 Days on market: 64 # of Times Listed: 1 Taxes: $1 Assessment: $607,000 Previous Sales: Unknown MLS# 240008 Google Maps

2133 Bellamy Rd
Langford, BC

Total Loss: $10,000	Percent Loss: 1.8%
Asking Price: $558,800 Bedrooms: 4 Baths: 3 Sq. feet: 2128 Listing History: Down 1.8% from $569,800 On Jan 10/08 Down 1.2% from $565,800 On Feb 11/08 Down 0.0% from $558,800 On Mar 19/08 Date Listed: Jan 10/08 Days on market: 71 # of Times Listed: 1 Taxes: $2638 Assessment: $487,000 Previous Sales: Unknown MLS# 239537 Google Maps

2731 Cornerstone Terr
Langford, BC

Total Loss: $10,000	Percent Loss: 1.8%
Asking Price: $559,900 Bedrooms: 5 Baths: 4 Sq. feet: 2100 Listing History: Down 1.8% from $569,000 On Feb 21/08 Down 0.0% from $559,000 On Mar 18/08 Date Listed: Feb 21/08 Days on market: 29 # of Times Listed: 1 Taxes: $1 Assessment: $430,000 Previous Sales: Unknown MLS# 241572 Google Maps

2171 Stone Gate
Langford, BC

Total Loss: $10,000	Percent Loss: 1.5%
Asking Price: $639,900 Bedrooms: 4 Baths: 3 Sq. feet: 2463 Listing History: Down 1.5% from $649,900 On Feb 26/08 Down 0.0% from $639,900 On Mar 19/08 Date Listed: Feb 26/08 Days on market: 24 # of Times Listed: 1 Taxes: $2902 Assessment: $589,900 Previous Sales: Unknown MLS# 241782 Google Maps

Introductory Post

This is not an original concept. I wanted to copy the Sacramento Area Flippers in Trouble Blog which I think is excellent (and has kept me sane over the past couple of years while I have watched the Victoria market spiral ever higher).

This is not intended to cover every house available, just those that are showing "pricing weakness" and being reduced, raised, or whatever I find interesting. It is purely subjective. Feel free to send me listing you feel warrant attention.

How long will this blog last? Well, I don't know how long the data source will be effective since I've seen a number of these fail over the years but I'll give it a try for as long as I keep interested.

Of course the standard disclaimers apply and I can't guarantee the accuracy of any of this - as always do your own research.