Vancouver Price Drop

Documenting Vancouver real estate price movements

Langley, Cloverdale and Abbotsford Spotlight, May 26, 2012

Here is the last regional spotlight that I’ll be doing this time around

#1) Address:5848 175TH ST, Cloverdale BC, Cloverdale

March 09 F1204886 $1,600,000 $0 0%
April 04 F1204886 $1,100,000 $-500,000 -31%

Assessment: $506,100

Future development multi family potential in prime location in downtown Cloverdale. Good rental while waiting for rezoning. 15046 sq.ft. lot. All fenced. Check with city for zoning particulars.

#2) Address:6750 232 ST, Salmon River, Langley

March 09 F1125118 $11,250,000 $0 0%
May 17 F1125118 $8,000,000 $-3,250,000 -29%

Assessment: $1,020,495  (Farm land – value set by BC Regulation 411/95)

“Fairmeade Farm” 156 acre, level, cleared & fenced equestrian farm. First time offered, this sprawling ranch occupies the northeast corner of 232 St & 64 Ave with 2,634.48 ft frontage & depth of approx. 2,644 sf. The facility boasts a charming ranch style home, guest house & 3 more caretaker homes. Additional features include tennis court & massive in ground swimming pool. Call for full details.

#3) Address:22940 48TH AV, Salmon River, Langley

March 17 F1206833 $5,800,000 $0 0%
April 14 F1206833 $4,200,000 $-1,600,000 -28%

Assessment: $989,000

Investor Alert! Development potential here. 10.17 acres that are NOT in the ALR, located minutes from Fraser Hwy and not far from the heart of Langley. Currently zoned RU1 with future potential to rezone with OCP amendment. Don’t miss out out on a rare opportunity to own ALR exempt property. Call today to schedule a viewing.

#4) Address:# 413 33960 OLD YALE RD, Central Abbotsford, Abbotsford

March 09 F1127557 $169,900 $0 0%
April 27 F1127557 removed
April 28 F1210945 $129,000 $-40,900 -24%

Assessment: $133,300

Ideal for an investor or first time buyer. 1 bedroom and 1 bath condo with a Maple kitchen, laminate flooring, in-suite laundry. 2 underground parking stalls and 1 storage locker. Downtown Abbotsford location, walking distance to restaurants, pubs, grocery stores and more. No age or rental restrictions. Great investment!!

#5) Address:2529 264 ST, Otter District, Langley

March 09 F1116719 $1,295,000 $0 0%
May 26 F1116719 $995,000 $-300,000 -23%

Assessment: $737,000

A large family would love this home. Close to all amenities of city yet private with rural feel. 2.37 acres double and single garage. Beautiful Aldergrove rural home. Family custom-built, one owner, set well back from the road with gated entry. Quiet, peaceful, private. Large 2 bdrm unauthorized suite. Custom cabinets throughout, large room, lot of space.

#6) Address:# 220 8915 202ND ST, Walnut Grove, Langley

March 09 F1122374 $329,900 $0 0%
March 26 F1122374 removed
March 28 F1207667 $308,800 $-21,100 -6%
May 12 F1207667 $259,988 $-69,912 -21%

Assessment: $258,000

New Park & Ride to get you around from city to home within walking distance allowing you freedom from a vehicle. Shopping & restaurants at the door step of this modern development in the Heart of Walnut Grove. This unit is found in The Hawthorne, the more desired building within the Thunderbird Village development located away from 88th Ave. Bright, well laid out unit with 2 bdrms/2 baths, laminate & tile flooring for easy cleaning allows for active living all with a modern look in a nearly new building. Your home comes with stainless steel appliances & granite countertops all to give you the best living space and a sense of pride to entertain in. Whether just starting out with your 1st home or downsizing, this unit fills all your needs. Insuite laundry, a storage locker, reasonable maintenance fee which includes hotwater and underground parking, what more could you ask for?

#7) Address:33981 CAR-LIN LN, Central Abbotsford, Abbotsford

March 09 F1203063 $200,000 $0 0%
May 15 F1203063 $160,000 $-40,000 -20%

Assessment: $221,000

Build your own custom dream home on this 8020 sq. ft. vacant lot in the heart of Abbotsford. This is a court order sale and is sold ‘as is where is’. The lot dimensions were taken from the City of Abbotsford maps and it is the responsibility of the buyer to verify.

#8) Address:4179 201A ST, Brookswood, Langley

March 09 F1204349 $729,000 $0 0%
March 13 F1204349 $679,000 $-50,000 -7%
March 28 F1204349 $649,000 $-80,000 -11%
April 20 F1204349 $619,000 $-110,000 -15%
May 11 F1204349 $589,000 $-140,000 -19%

Assessment: $570,000

Brookswood area home on a large level lot, with good curb appeal, and a double garage. Three bedrooms and two bathrooms up, as well as 2 gas fireplaces, a living room and family room. The basement is a 2 bedroom unauthorized suite, with full bathroom.

#9) Address:1268 216TH ST, Campbell Valley, Langley

March 09 F1125911 $3,680,000 $0 0%
March 31 F1125911 removed
April 17 F1209636 $3,380,000 $-300,000 -8%
April 21 F1209636 $2,988,000 $-692,000 -19%

Assessment: $1,190,402 (Farm land – value set by BC Regulation 411/95)

EQUESTRIAN ESTATE – Gated tree lined driveway. Setting a new precedent for country living, this offering is one of the finest estates available today. Featuring a premier address in Campbell Valley and peerless amenities that include an in-ground pool, this approximately 8,825-square-foot estate home is a showcase of acreage and privacy. A dramatic entry through high gates leads to a long private driveway that introduces this residence. The property has 2 Barns, 7 paddocks and has supported up to 30 horses in the past. Grass fields with shelters, fenced and cross-fenced. Inside of this home you get the warm feeling of a perfect family retreat. Come see what this 33.4 acres of privacy has to offer.

#10) Address:34890 GLENN MOUNTAIN DR, Abbotsford East, Abbotsford

March 09 F1204935 $315,000 $0 0%
March 22 F1204935 $299,250 $-15,750 -5%
April 21 F1204935 $284,288 $-30,712 -10%
May 19 F1204935 $255,859 $-59,141 -19%

Assessment: $320,800

Excellent starter / investment opportunity. 2 bedroom, 2 level home in desirable McMillan area. Walking distance to schools, shopping, parks and Abbotsford Recreation Centre. Bright modern kitchen with granite counters and stainless appliances, gas range and hardwood flooring. Updated bathroom, vaulted ceilings and 4 skylights. Detached heated office / workshop / playroom. Private fenced yard with drive through access to back yard. Convenient location close to Highway 1.


3 responses to “Langley, Cloverdale and Abbotsford Spotlight, May 26, 2012

  1. Makaya May 26, 2012 at 10:38 pm

    Thanks for all your great work observer, it’s really appreciated by a lot of people.

  2. Ray May 28, 2012 at 11:50 am

    Hard to believe that with a $320k assessed home you could bid -$60k under their $315k asking and they would have easily accepted. This will all crash very hard. This goes to show you that bidding -2% under asking is a horrible mistake. Start with -50% and work your way up towards -20% minimum right now. Later on, cut even deeper when lowballing.

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