Vancouver Price Drop

Documenting Vancouver real estate price movements

White Rock Spotlight – May 24, 2012

White Rock / South Surrey has some unique dynamics.  On one hand very few homes are being reduced by more than 10% yet sales (not including homes purchased solely for lot value or lower priced homes) are terrible, recycling levels are high and price vs assessment for listed properties are at the highest levels of any region although not very noticeable on this top 10 list.  At some point something has to give and I expect to see a lot of big droppers in the not too distant future

#1) Address:340 184TH ST, Hazelmere, White Rock

March 09 F1129597 $5,988,000 $0 0%
March 31 F1129597 removed
May 12 F1212500 $3,988,000 $-2,000,000 -33%

Assessment: $37,781  (Farm land – value set by BC Regulation 411/95)

Endless possibilities await on this Exclusive Executive 20.49 Acre property neighboring Multi Million Dollar homes in the Hazelmere Valley. Embrace this magnificent estate property directly adjacent to a championship Hazelmere Golf Course that accommodates the finest Tennis and Dining facilities. Only minutes from the beaches of White Rock, this once in a lifetime property provides panoramic views of North Shore Mountains and Valley. A few short blocks from the new High Point Estates community. This is a truly rare opportunity for discerning investors or family looking for an Exclusive Estate or development opportunity!!

#2) Address:15438 ROYAL AV, White Rock, White Rock

March 30 F1207945 $2,000,000 $0 0%
May 01 F1207945 $1,850,000 $-150,000 -8%
May 05 F1207945 $1,580,000 $-420,000 -21%

Assessment: $983,000

Location! Location! Location! Magnificent 180 degree Ocean View of Mt. Baker, Blaine, Gulf Island, and the Bay in a 50*117 lot. Located in desirable street Royal Avenue. Excellent investment opportunity you do not want to miss!

#3) Address:16790 16TH AV, Pacific Douglas, White Rock

March 09 F1203003 $1,334,200 $0 0%
April 18 F1203003 $1,100,000 $-234,200 -18%

Assessment: $1,059,000

GREAT POTENTIAL with this 1.16 acre LOT (50,556sf). NCP area 2 as investment or holding property. Currently zoned RA or RH for 1-2 units per acre. Central Location. 3,000 sq.ft. 4bd.3bth, House with Views, Southern Exposure. Two detached buildings: 2-stall barn with own 120 amp panel and large workshop/garage with grease pit. Corner Lot. Close to all amenities, the US border, and a new Surrey park called Fergus Watershed Park.

#4) Address:14373 MARINE DR, White Rock, White Rock

March 09 F1128502 $3,988,700 $0 0%
March 17 F1128502 $3,278,000 $-710,700 -18%

Assessment: $1,092,000 (building unfinished at time of assessment)

This unique, beautifully hand crafted home offers the very best White Rock Ocean views. You will enjoy and unencumbered view of the White Rock hillside city lights at night. Mount Baker, Pier, San Juan + Gulf Islands. This home is a true testament to the BC coast and logging with its solid fir Post and Beam construction, expertly fitted and finished to perfection. This home is complete with all the extras one could desire. From its beautiful grand custom made front door you will be greeted with the commanding views this home provides. The home’s hand scraped Maple floors lead you to a grand kitchen, dining & great room. The kitchen has extensive use of granite, rock + limestone.The separate bar area is complete with wine cellar.

#5) Address:14364 GREENCREST DR, Elgin Chantrell, White Rock

March 09 F1202004 $1,388,000 $0 0%
March 15 F1202004 $1,288,000 $-100,000 -7%
May 16 F1202004 removed
May 21 F1213191 $1,198,000 $-190,000 -14%

Assessment: $1,009,000

Located in a private Cul-de-sac on a 23,425 sq.ft. (1/2 acre) property. This location also has one of the most desirable school catchment. Five minute walk to the Nicomekl River and to golf course. Access to Hwy. 99, US. border and shopping all within 5 minutes. This home features a just completed custom kitchen with quartz countertops. Three new bathroom’s with custom spa shower. Hardwood flooring throughout. Two wood burning fireplaces. Finishing details include wainscotting, coffered ceiling design and custom cabinet built ins.

#6) Address:14432 SUNSET DR, White Rock, White Rock

March 09 F1202421 $2,138,800 $0 0%
March 31 F1202421 removed
May 05 F1211655 $1,848,888 $-289,912 -14%
Open House: May 27

Assessment: $1,651,000

Prime location, Panoramic Ocean VIEWS from all 3 levels with retractable energy star large windows & sundrenched decks. This functional design, over 4500 SF home has large foyer on main floor, high ceilings, RI elevator, air conditioning and vacuum system expertly fitted & finished to perfection. Mbdrm boasts ensuite with jacuzzi, large walk-in closet & of course deck with view, another bdrm and 4pc bath and an office for you. Upstairs has gourmet open concept kitchen, living rm with bar area and wonderful fireplace & bdrm w/ensuite. This fabulous home for entertaining has Media rm, extra 2pc bath, 3 bdrm legal suite downstairs with separate entrance. Close to all amenities and Beach access only steps away!

#7) Address:13799 20TH AV, Elgin Chantrell, White Rock

March 09 F1128278 $1,165,000 $0 0%
May 04 F1128278 removed
May 16 F1212743 $999,900 $-165,100 -14%

Assessment: $891,000

Chantrell Park Great Location Home has Extensive updates, over 3300 sqft 5 bdrm home on 19,863 sqft lot possible subdividing potential? Newer Roof, Windows, Kitchen, Baths, Furnace, not a thing to do But Move in. Bonus 24 x 32 Detached garage with 220 power. Great future potential hurry on this. Quick Possession Possible.

#8) Address:# 1602 1473 JOHNSTON RD, White Rock, White Rock

March 09 F1204080 $1,968,000 $0 0%
April 26 F1204080 $1,698,000 $-270,000 -14%

Assessment: $1,657,000

WOW! Truly amazing at Miramar by BOSA! The sub-penthouse with Obstructed view form Ocean, Mountain Baker..There are 600 SF of balcony to enjoy sunrise & sunset! There are LOTS of upgrades in the interior! This stunning condo is offering house spaces, open floor plan, spacious & functional layout good-sized den could be converted as 3rd bedroom, 2 full bedroom (heated floor), air-conditioning…All top quality appliances, state of art, and luxury living style & convenient location!

#9) Address:# 205 15154 ROPER AV, White Rock, White Rock

March 09 F1201946 $395,000 $0 0%
April 09 F1201946 $375,000 $-20,000 -5%
May 02 F1201946 $345,000 $-50,000 -13%

Assessment: $438,000

Best located unit in THE SAND DOLLAR! S.side, great SW ocean view & Mt Baker to E. HDWD flrs on main, open plan kitchen. Bed on main + master up. is ideal for TV/family room. Hot water/gas FP inc. in maint. fee. Steps from 5 corners, bus, school & shops.

#10) Address:17720 12TH AV, Hazelmere, White Rock

March 09 F2907277 $1,550,000 $0 0%
March 14 F2907277 $1,350,000 $-200,000 -13%

Assessment: $159,246  (Farm land – value set by BC Regulation 411/95)

12 Acres in the heart of prestigious Hazelmere Valley. Also available 13 acres adjacent at 17690 12th Ave (see MLS F2907276). Total of 25 acres. ‘Buy one or Buy both’. 3-4 bedroom rancher with walkout basement (total 2870 sqft), 24×28 detached garage + carport. Tucked away in private secluded area, peaceful and quiet. Minutes away from Pacific Highway Border Crossing (Truck Customs) and close to Highway 99. Lots of future potential. Do not let this excellent investment opportunity go by. Land in this area rarely becomes available. Property has never been listed before. By appt only.


2 responses to “White Rock Spotlight – May 24, 2012

  1. Camilla PAtruno May 24, 2012 at 9:53 pm

    Terrific work! That is the kind of information that are meant
    to be shared around the web. Shame on the search engines for no longer positioning this put up higher!

  2. Westcoastmountaingirl May 29, 2012 at 1:37 pm

    Love the information and I hope you do this list every week. I believe people went crazy last year and property assessments went up dramatically this January. Greedy real estate agents add 20-30% to super high assessments. We would like to buy a house here but not at these prices.

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