We already know Van West property values are dropping based on REBGV HPI data; this is just another interesting angle to look at declining prices relative to assessment prices.
Sample size = 91. This list is generated from E-Value BC website via "Export to Excel" function.
"Building unfinished" samples are removed from this list.
Also worth noting from the official news release from BC Assessment, the new assessed prices for Vancouver West SFH already down 1.4%-5.5% vs last year.
2012 vs 2013 Assessment Roll
City of Vancouver
(valuation date July 1, 2011 vs July 1, 2012)
West Side Single Family - 50' Lot $1,645,400 -> $1,622,900 (-1.4%)
West Side Single Family - 33' Lot $1,329,600 -> $1,256,200 (-5.5%)