Vancouver Price Drop

Documenting Vancouver real estate price movements

Golden Ears Spotlight – May 26, 2012

I’ve combined Maple Ridge, Pitt Meadows and Mission into this Golden Ears region.  If you think price drops are a Richmond / Vancouver West issue then you’d be mistaken.

#1) Address:32921 14TH AV, Mission BC, Mission

March 09 F1128776 $1,450,000 $0 0%
April 16 F1128776 $1,000,000 $-450,000 -31%

Assessment: $442,000

1.47 acre property in central Mission approved for 23 town homes. Complete with drawings, geotech, engineering and site plans. Present zone R558. New zone MT40. Preliminary approval.

#2) Address:9990 240TH ST, Albion, Maple Ridge

March 09 V915091 $1,700,000 $0 0%
May 09 V915091 $1,298,000 $-402,000 -24%

Assessment: $704,000

BUILDER ALERT! Albion Crossing is a proposed fully serviced 16-Unit Townhouse Development site. All approvals are in place. Building permit drawings are ready to submit for city. Entire Development can be built at once or in phases. Prime location close to schools, shopping and transportation. Most units will have a water view of the Fraser River. Don’t miss out! Put in an offer. This will sell fast!

#3) Address:35021 FISHER PL, Hatzic, Mission

March 09 F1202526 $480,000 $0 0%
April 18 F1202526 $410,000 $-70,000 -15%
May 01 F1202526 removed
May 23 F1213391 $380,000 $-100,000 -21%

Assessment: $452,000

is priced over $70,000 Below Assessed Value and offers immediate possession. 3 Huge Bedrooms up plus Big landing for library/office. Main floor has big family room off kitchen plus sep. living/Dining area. Lots of parking and access tobackyard. Garage almost 34′ Deep with Separate access to full unfinished Bsmt, 2 x 6 const. Shows very well.

#4) Address:11442 240TH ST, Cottonwood, Maple Ridge

March 09 V922131 $949,000 $0 0%
March 30 V922131 $749,000 $-200,000 -21%

Assessment: $706,300

5.18 acres bordering the Albion development area. Large flat acreage with many outbuildings. Great hobby farm or hold for future development. House is currently being renovated. Excellent rental possibilities as well.

#5) Address:43593 OHMAN RD, Lake Erock, Mission

March 09 F1120770 $284,900 $0 0%
May 19 F1120770 $229,000 $-55,900 -20%

wow… almost 1/2 the appraised value. This one is a foreclosure and a grow op

Assessment: $445,000

Private 4.94 acres. Split entry home, newer roof. Loads of work to be done yet. Home is in Lake Errock, about 20 minutes east of Mission. Home was a busted grow op, no remediation work has been done. A court order sale, offers are subject to BC Supreme Court approval. See your Realtor for details

#6) Address:4145 UPPER PITT RIVER, North Meadows, Pitt Meadows

March 09 V929520 $249,900 $0 0%
April 21 V929520 $199,900 $-50,000 -20%

Assessment: Not Available

No Picture

4.85 Parklike Acres. Only 3 km from the beach at the North End of Pitt Lake. Road Access from boat launch. Totally flat. Very private. SELLER WILL ENTERTAIN CARRYING FINANCING.

#7) Address:33144 3RD AV, Mission BC, Mission

March 28 F1207688 $219,000 $0 0%
April 18 F1207688 $204,500 $-14,500 -7%
May 03 F1207688 $199,000 $-20,000 -9%
May 23 F1207688 $179,000 $-40,000 -18%

Assessment: $229,600

2 Bdrm Rancher with part bsmt only has outside access -deck. Close to downtown – Backlane access -Gramma’s House. Great starter! Sign on!

#8) Address:13473 BURNS RD, Durieu, Mission

March 23 F1207335 $599,000 $0 0%
April 17 F1207335 $489,000 $-110,000 -18%

Assessment: $467,000 (Property has more than one structure; Property Details are for main building only)

Waterfront!! Your own man made lake! 2 homes! A rare and wonderful property!! Hurry on this one of a kind!!

#9) Address:12320 AINSWORTH ST, Stave Falls, Mission

March 09 F1200684 $1,575,000 $0 0%
March 24 F1200684 $1,299,000 $-276,000 -18%

Assessment: $837,000

True luxury is custom made. Raise your family out in God’s Country or purchase as a small resort/retreat/conference centre. Situated at the top elevation of the property, this post and beam home incorporates local trees, slate floors, heated floors and open beams. Floor to ceiling windows that frame panoramic westerly views. Over 2114 sqft sprawling main floor plan with two enormous rooms that boast vaulted post and beam ceilings upstairs. A chef’s kitchen and expansive entertainers patio with a spot for an outdoor kitchen and hottub. Downstairs offers a huge theatre room, Games room and Wine Cellar area. Wood burning broiler system heats the home and 4 bay garage (36×30). High speed internet and cell service. 50×30 shop, back up generator. The mechanics and quality details of this 5 acre property will impress the most picky buyer.

#10) Address:# 202 20556 113TH AV, Southwest Maple Ridge, Maple Ridge

March 09 V915303 $174,900 $0 0%
April 23 V915303 removed
April 28 V946247 $154,900 $-20,000 -11%
May 26 V946247 $144,900 $-30,000 -17%

Assessment: $171,800

South-facing, very bright unit that is minutes to WestCoast Express, Golden Ears Bridge, Golf Course and bus routes. This unit is perfect for the first-time home buyer. Corner suite with 2 bedrooms/2 baths, lots of light. Close to all amenities. Large living room, kitchen, spacious dining room & extra large insuite laundry. Master bedroom with ensuite. The outdoor area is large covered deck, fenced & gated lawn area & pond. Close to shopping and a few blocks to elementary school.


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