Vancouver Price Drop

Documenting Vancouver real estate price movements

Monthly Archives: June 2012

Lowered Expectations – June 30, 2012

You won’t believe this but Global TV got their facts wrong in a “news” segment about real estate.  Before consulting “experts” who said there was nothing to worry about they highlighted the sad state of affairs our real estate market is currently in.  Among the points was that 20% of sellers have reduced their asking price!  If you haven’t been following this blog then that seems very high but it is wrong.  The number is actually 38% because Global’s numbers did not include the rampant practice of delisting and then relisting with a lower price.  Additionally, if you exclude very recent listings then these numbers will of course grow even higher.

Here are some highlights:

Region Listings Dropped Dropped %
Ladner 151 76 50.3%
Tsawwassen 208 103 49.5%
North Vancouver 1095 466 42.6%
Chilliwack 162 68 42.0%
Vancouver West 3740 1566 41.9%
New Westminster 650 271 41.7%
White Rock 1557 645 41.4%
Port Moody 406 165 40.6%
Richmond 2777 1104 39.8%
Burnaby 2027 805 39.7%
Cloverdale 671 266 39.6%
Coquitlam 1137 443 39.0%
Langley 1530 597 39.0%
Maple Ridge 1117 432 38.7%
Vancouver East 1426 535 37.5%
Abbotsford 1525 567 37.2%
North Delta 285 106 37.2%
Port Coquitlam 466 168 36.1%
Pitt Meadows 192 67 34.9%
Mission 765 263 34.4%
Surrey 1693 575 34.0%
West Vancouver 725 241 33.2%
North Surrey 1159 376 32.4%
Hope and Region 177 54 30.5%
Kent 193 58 30.1%
Sunshine Coast 1284 354 27.6%
Squamish 483 131 27.1%
Whistler Pemberton 874 206 23.6%

Here are some interesting results from individual spots within the regions:

Area Region Listings Dropped Dropped %
Eagleridge West Vancouver 10 8 80.0%
Westlynn North Vancouver 13 10 76.9%
Upper Delbrook North Vancouver 18 12 66.7%
Queen’s Park New Westminster 20 13 65.0%
Pemberton Heights North Vancouver 14 9 64.3%
College Park Port Moody 27 17 63.0%
Beach Grove Tsawwassen 31 19 61.3%
Queens West Vancouver 23 14 60.9%
Hawthorne Ladner 45 27 60.0%
Murrayville Langley 80 48 60.0%
Upper Eagle Ridge Coquitlam 15 9 60.0%
Woodland Acres Port Coquitlam 10 6 60.0%
Cliff Drive Tsawwassen 49 29 59.2%
Cariboo Burnaby 39 23 59.0%
Delta Manor Ladner 24 14 58.3%
Boundary Beach Tsawwassen 19 11 57.9%
S.W. Marine Vancouver West 38 22 57.9%
Ladner Elementary Ladner 21 12 57.1%
Dollarton North Vancouver 14 8 57.1%
Indian River North Vancouver 14 8 57.1%
Forest Hills Burnaby 25 14 56.0%
Kitsilano Vancouver West 327 183 56.0%
Hamilton Richmond 54 30 55.6%
Riverdale Richmond 121 67 55.4%
Westridge Burnaby 20 11 55.0%
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Recycling Stats – June 30, 2012

Here are the latest stats showing how many new listings are actually recycled listings that had been previously pulled.  In April out of locations with 100 or more new listings the highest was Richmond with 21.4%.  In May 6 locations beat that with the highest being Richmond again with 27.4%.  This month we have a new leader in West Vancouver where more than 1/3 of the new listings are recycled and again 6 regions beat the previously recorded high from May and overall almost 1/4 of all listings are recently pulled and relisted listings…

With yet another record worst month in sales in the books it will be hard to imagine July not continuing this trend

Region April May June
West Vancouver 239 51 21.3% 276 72 26.1% 210 73 34.8%
Kent 33 7 21.2% 60 6 10.0% 27 9 33.3%
Squamish 90 23 25.6% 128 11 8.6% 140 46 32.9%
Richmond 828 177 21.4% 847 232 27.4% 754 237 31.4%
Vancouver West 1333 283 21.2% 1570 389 24.8% 1259 377 29.9%
Port Moody 139 29 20.9% 145 38 26.2% 157 47 29.9%
Maple Ridge 273 56 20.5% 365 99 27.1% 324 86 26.5%
Burnaby 769 136 17.7% 770 162 21.0% 740 186 25.1%
Cloverdale 236 30 12.7% 252 44 17.5% 217 53 24.4%
North Vancouver 472 67 14.2% 517 93 18.0% 416 101 24.3%
Chilliwack 50 12 24.0% 39 5 12.8% 33 8 24.2%
White Rock 494 79 16.0% 533 120 22.5% 472 110 23.3%
Coquitlam 423 53 12.5% 493 85 17.2% 432 97 22.5%
Mission 152 31 20.4% 208 44 21.2% 154 34 22.1%
Langley 513 69 13.5% 546 89 16.3% 478 105 22.0%
Abbotsford 441 79 17.9% 438 70 16.0% 423 93 22.0%
Vancouver East 584 95 16.3% 687 140 20.4% 611 133 21.8%
Surrey 568 77 13.6% 568 84 14.8% 547 116 21.2%
New Westminster 250 35 14.0% 270 54 20.0% 246 52 21.1%
North Surrey 372 48 12.9% 385 66 17.1% 340 69 20.3%
Port Coquitlam 184 27 14.7% 193 37 19.2% 184 35 19.0%
Ladner 50 6 12.0% 60 6 10.0% 59 11 18.6%
Tsawwassen 66 6 9.1% 69 6 8.7% 55 9 16.4%
North Delta 107 10 9.3% 120 15 12.5% 124 19 15.3%
Sunshine Coast 179 24 13.4% 251 31 12.4% 178 26 14.6%
Pitt Meadows 70 13 18.6% 58 6 10.3% 80 11 13.8%
Whistler Pemberton 109 11 10.1% 147 13 8.8% 117 15 12.8%
Hope and Region 39 5 12.8% 38 6 15.8% 18 2 11.1%
Total 8640 1486 17.2% 9540 1938 20.3% 8795 2160 24.6%

The Weekly Drop – June 25, 2012

This week on the Weekly Drop I’ve expanded it to a top 20 as was suggested by a poster and 9th spot on the list this week dropped 28% from its peak, 20th spot has dropped 20%.  We have 5 listings from Richmond, 4 from Vancouver West, 2 from West Vancouver and then 9 different regions with one a piece.


#1) Address:14120 TRITES RD, Panorama Ridge, Surrey

March 09 F1203674 $1,980,000 $0 0%
March 22 F1203674 removed
March 23 F1207274 $1,189,900 $-790,100 -40%
June 23 F1207274 $1,139,000 $-841,000 -42%

A 40% drop wasn’t enough to unload this home.  It’s a nice looking place on the outside – hard not to speculate on what “Needs TLC” means. 

Assessment: $1,017,000

PANORAMA RIDGE – 5191 sqft, 1.41 ACRE 2 storey w/Basement. Great STREET APPEAL. Situated on a very private treed road. Spacious floor plan with 20′ vaulted ceilings in both family & living room (features grand stone fireplace), hardwood & tile flooring throughout main. Large ‘gourmet’ kitchen + additional spice kitchen & large WI pantry. Up – Large Master with private patio, full ensuite & soaker tub, an additional bedrooms are also located upstairs. Down – is currently partially finished, optional media/recreation and/or gym. Back – Features a very private view of the valley + densly treed location. Needs TLC – Call now to arrange a viewing.


 

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

March 09 F1204886 $1,600,000 $0 0%
April 04 F1204886 $1,100,000 $-500,000 -31%
June 23 F1204886 $999,900 $-600,100 -38%

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.


 

#3) Address:6140 MARA CR, Granville, Richmond

March 09 V931950 $1,938,000 $0 0%
March 20 V931950 removed
March 22 V938480 $1,879,000 $-59,000 -3%
April 03 V938480 removed
April 25 V945428 $1,897,000 $-41,000 -2%
May 23 V945428 $1,879,000 $-59,000 -3%
June 04 V945428 removed
June 07 V954888 $1,719,000 $-219,000 -11%
June 14 V954888 removed
June 21 V957754 $1,299,000 $-639,000 -33%
Open House: Jun 23, 24

This realtor has used this strategy of dropping the price by a huge amount to gain interest and potentially multiple offers and based on a comment he made a while back it does seem to work.   This property will likely be sold but at far less than the current owners would have ever imagined a few months ago.

Assessment: $1,168,000 (Building unfinished at time of assessment)

Tis 5 bedroom home boasts 6 bathrooms, theatre room, enclosed patio & a grand entrance. It features include 120 inch projector & screen in media room, crystal chandeliers, A/C & HRV, Bosch appls, 10′ ceilings. This custom home has a very unique, functional floor plan. The master features a double jacuzzi & a steam shower with multiple shower heads. A gorgeous home built by reputable builder Heritage Lane HOmes with 2-5-10 yr warranty is a must see. Burnett & Brighouse are the schools in the area. At this price it will not last long, pls call LS now to book your viewing or come Sat or Sun to our Open House. All offers presented on Tuesday at 2PM.


 

#4) Address:5347 KEW CLIFF RD, Caulfeild, West Vancouver

March 09 V906191 $12,980,000 $0 0%
April 11 V906191 $9,980,000 $-3,000,000 -23%
June 14 V906191 removed
June 23 V958265 $8,998,000 $-3,982,000 -31%

This property has now taken over #1 spot in the “If I Lost a Million Dollars” list!.  Let’s put this in perspective… It takes apx $170K/year before tax income for an individual to make the “1%”.  This equates to $115K after tax.  If this person making more than 99% of the Canadian population did not spend a single dollar on things like transportation, clothes, shelter, food etc it would take then 35 years to save up the amount that this home has dropped in asking price.

Assessment: $8,286,000

A magnificent waterfront residence by Goldwood Homes on one of the most desirable streets in the heart of Caulfeild. This wonderful modern classic home offers a dramatic open floor plan with over 5300 sq ft of luxurious family living and approx 3000 sq ft patios and sundecks with spectacular views to Bowen Island. This 3 level 4 bedroom home also features a curved staircase, wine cellar, modern yet functional kitchen, extensive millwork & 18 ft floor to ceiling height in the living rm & French doors leading onto spacious walkout patios with wonderful outdoor swimming pool & jacuzzi. Owner spent millions of dollars on numerous upgrades including new flooring and a paved trail walking right onto the beach and water!


 

#5) Address:# 301 8700 JONES RD, Brighouse South, Richmond

May 09 V948547 $539,000 $0 0%
June 06 V948547 $499,000 $-40,000 -7%
June 13 V948547 $468,000 $-71,000 -13%
June 20 V948547 $399,000 $-140,000 -26%

I’m seeing more and more attached units listed far below assessment and still not selling.  Sobering though for the “investors” out there

Assessment: $467,000

Lovely rancher in the sky in popular “Windgate Royale” a solid building with balconies redone. Roof replaced 2011 & repiping of 1st floor redone in 2011 and lobby. The original owners still live here and have kept this in pristine condition. They also had many extras installed by the developer, extra cabinets & lighting in the kitchen. 3 bedrooms with great separation, 2 baths, 2 balconies, 2 secured parking & plenty of storage. The high 9″ and 12″ ceilings gives it a very spacious airy feel. You can bring your pet along as long as they are under 16″ tall. This is a rare find in this condition and size


 

#6) Address:4100 CEDAR DR, Burke Mountain, Coquitlam

March 09 V908692 $890,000 $0 0%
March 31 V908692 $775,000 $-115,000 -13%
May 12 V908692 $699,000 $-191,000 -21%
June 20 V908692 $660,000 $-230,000 -26%

Assessment: $775,200

Fully Licenced Dog & Cat Boarding Accommodation. 40 Large Dog runs with attached Bedrooms, 21 Single & 6 Double Cat Condos. Grooming Salon with Raised Bathtub. Kennel Building is 12 years new, built to earthquake standards. Owner retiring due to Health Concerns. Land has Future Development Potential. Existing House is unoccupied but Structurally Sound. Land Surrounding this Parcel has begun the process of being removed from ALR. Please call for more info.


 

#7) Address:# LOT 69 FRONT RD, Pender Harbour, Sunshine Coast

March 09 V935647 $99,000 $0 0%
June 20 V935647 $75,000 $-24,000 -24%

Assessment: No Assessment Available

Gently sloping quarter acre building lot in the Heart of Madeira Park close to boat launch/marina, shopping, restaurants, lakes and great hiking trails. Easy build, treed, private property allows home w/ auxilliary building. B&B zoned!!


 

#8) Address:# 7W2 8191 RIVER RD, West Cambie, Richmond

March 14 V937016 $124,900 $0 0%
April 13 V937016 $114,900 $-10,000 -8%
May 23 V937016 $104,900 $-20,000 -16%
June 22 V937016 $94,900 $-30,000 -24%
Open House: Jun 23

Assessment: No Assessment Available

A hidden “WATERFRONT OASIS” in the center of Richmond just steps from the Canada Line. Enjoy life on the river in this cozy 800 sq.ft. one bedroom, 2 bathroom updated float-home. The open concept floor plan boasts a newer kitchen and appliances with updated paint, flooring and baths. Capture the views while relaxing on the rooftop deck or feed the ducks from your doorstep. Imagine…Why rent when you can own your own affordable waterfront home. Monthly moorage fees $710 incl. hydro, water, garbage.


 

#9) Address:4320 RIVER RD, Riverdale, Richmond

March 09 V868660 $1,798,000 $0 0%
April 02 V868660 removed
April 09 V941651 $1,898,000 $0 0%
April 17 V941651 $1,688,000 $-210,000 -11%
April 27 V941651 $1,638,000 $-260,000 -14%
May 18 V941651 $1,500,000 $-398,000 -21%
June 07 V941651 removed
June 09 V955563 $1,425,000 $-473,000 -25%
June 22 V955563 $1,375,000 $-523,000 -28%

Assessment: $1,695,600

WATERFRONT! A rare opportunity to live/build on River Road. Unobstructed view of the Fraser River and mountains. 2/vl home in original condition, mainly lot value. The view speaks for itself. Rectangle lot, north front and sunny south backyard. Detached garage used as gym.


 

#10) Address:3856 W 8TH AV, Point Grey, Vancouver West

May 12 V949710 $2,188,000 $0 0%
Open House: May 19, 20
May 25 V949710 $1,998,000 $-190,000 -9%
Open House: May 26
June 14 V949710 $1,898,000 $-290,000 -13%
Open House: Jun 16
June 19 V949710 removed
June 23 V958230 $1,680,000 $-508,000 -23%
Open House: Jun 23, 24

Point Grey detached listed for $400K below assessment… probably hard to imagine that happening a year ago

Assessment: $2,087,300

Beautiful Point Grey family home! As you enter you will find a nice sized dining room on your right with a lovely room to the left and all with beautiful hardwood floors. Kitchen has an eating area overlooking the private, fenced backyard, as well there is a quaint den which overlooks this lovely space as well. This well appointed, renovated home has 3 bedrooms up plus a family room with vaulted ceiling and gas fireplace. Downstairs in the basement is the recreation room with gas fireplace, office and large laundry, great for storage as well. PUBLIC OPEN: Sat, June 23rd & Sun, June 24th 2-4pm.


 

#11) Address:# 1107 5911 MINORU BV, Brighouse, Richmond

March 09 V913300 $121,999 $0 0%
March 28 V913300 removed
April 13 V942730 $102,999 $-19,000 -16%
June 19 V942730 $93,900 $-28,099 -23%

Assessment: $73,100

Own a great investment in downtown Richmond. Airport Hilton Hotel, completely managed and operated. Great location, fantastic view from the 11th floor.


 

#12) Address:4463 W 9TH AV, Point Grey, Vancouver West

March 09 V929736 $1,425,000 $0 0%
April 03 V929736 $1,388,000 $-37,000 -3%
April 24 V929736 $1,299,000 $-126,000 -9%
June 19 V929736 $1,098,000 $-327,000 -23%

Assessment: $1,266,000

Sasamat Gardens luxurious 2 bdrm & den or 3 bdrm custom designed townhome in extremely desirable Point Grey location. Lots of natural light & very open flr plan w/ 10′ ceilings & lovely formal dining rm w/a cozy fireplace. Many upgrades incl gourmet kitchen w/custom cabinetry & enormous island, beautiful built-in cabinets throughout. Possible “Murphy Bed” in 3rd bdrm, or use as den/office. High quality flooring & skylights plus a partial views to the north and a south facing front yard.Super convenient access to underground parking & tons of storage for those moving from a larger home. Fantastic location mins to shopping,beaches,university & quick & convenient access to downtown.


 

#13) Address:2032 N HIGHWAY 99 HY, Pemberton, Whistler Pemberton

March 09 V928907 $420,000 $0 0%
June 22 V928907 $325,000 $-95,000 -23%

Assessment: $433,800


 

#14) Address:# 5 1483 BEACH AV, West End, Vancouver West

March 09 V903565 $7,500,000 $0 0%
April 08 V903565 removed
April 18 V944049 $6,900,000 $-600,000 -8%
May 30 V944049 $5,999,000 $-1,501,000 -20%
June 20 V944049 $5,899,000 $-1,601,000 -21%

I predict that this one has a loooooong way to go

Assessment: $3,967,000

Imagine an Italian Penthouse villa on Beach Avenue & private rooftop terrace overlooking Sunset Beach & English Bay… Boutique style luxury designed by Paul Merrick with giving you a sense of intimacy, privacy & security un-paralleled in Downtown Vancouver. A true work of art — Offering the epitome of world class living that exudes the utmost quality, high end finishes, craftsmanship, custom millwork & attention to detail throughout. Located minutes from English Bay, Vanier & Stanley Park, Sunset Beach, gourmet restaurants and shops.


 

#15) Address:1083 DUCHESS AV, Ambleside, West Vancouver

March 09 V922019 $3,299,000 $0 0%
March 10 V922019 $3,159,000 $-140,000 -4%
April 08 V922019 removed
May 09 V942397 $2,998,000 $-301,000 -9%
Open House: May 19, 26
Open House: Jun 02, 03, 10, 16, 23
June 21 V942397 $2,598,000 $-701,000 -21%

Assessment: $2,850,000

MASSIVE PRICE REDUCTION! MUST SELL! Newly built Family Home w/amazing Kits/UBC/Ocean View from every room! This incredible home, walking distance to Ambleside Park, Park Royal & Seawall, is the perfect home for those wanting a great floorplan, 4-5 contemporary feel, w/hardwood flooring throughout. This fantastic home features an open plan on the main floor, w/living room and dining room overlooking the incredible view, stunning gourmet kitchen, family room, bedrooms & aand a 5th bedroom/office. On the upper floor the large master bedroom & each of the 3 en-suited bedrooms have large picture windows & decks overlooking the view, while the lower floor offers a large rec-room, w/potential for an in-law suite w/separate entrance.


 

#16) Address:1909 TRAFALGAR ST, Kitsilano, Vancouver West

March 09 V931179 $1,880,000 $0 0%
March 13 V931179 $1,790,000 $-90,000 -5%
March 26 V931179 removed
April 18 V940272 $1,688,000 $-192,000 -10%
May 18 V940272 $1,628,900 $-251,100 -13%
Open House: May 19, 26
Open House: Jun 02
June 13 V940272 $1,574,500 $-305,500 -16%
Open House: Jun 21, 24
June 23 V940272 $1,499,000 $-381,000 -20%

Assessment: $1,208,800

Legal Duplex Home w/ Three (3) Suites has been Meticulously maintained & Upgraded. Improvements too numerous to list, incl Major Compontents, drain tiles to roof, wiring, plumbing, furnace, h/w tanks (2) etc. Each suite has own bike/storage locker.The Top Suite has 2 bdrm’s on 2 levels / incl private balcony & fireplace. The Main floor is a 1 bedroom plus den w/ X-Large Deck & fireplace.Third suite is 2 bdrm Garden Level. This is a ’10’ for the savvy INVESTOR Excellent Revenue Over $5,000 per mth. Great Tenants! A truly rare find. Walk to beach, transit, shops. Call Lisa for Pixilink Floorplans & Brochure with Full Details. Open House Saturday May 19th 2:00 – 4:00 pm.


 

#17) Address:267 E 4TH ST, Lower Lonsdale, North Vancouver

March 09 V929676 $1,249,000 $0 0%
April 13 V929676 removed
June 20 V957306 $998,000 $-251,000 -20%

Assessment: $1,102,000  (Property has more than one structure; )

No Picture

HERE’S YOUR CHANCE TO BUY A BEAUTIFUL DUPLEX HOME IN A QUIET LONSDALE LOCATION ON 3 LEVELS OF LUXURY FINISHINGS INCLUDING SOUTH FACING VIEW ROOF DECK, SPACIOUS OPEN PLAN, HIGH CEILINGS, FULL BASEMENT WITH ENTRY, 1 AND 2 GARAGES AND MORE. OCCUPANCY APRIL 2013, SO BUY NOW AND CUSTOMIZE YOUR OWN HOME AND HAVE TIME TO PLAN AND BONUS PRICE INCLUDES NET TAXES! CALL NOW FOR PLANS AND MORE INFORMATION. EXPERIENCED BUILDER WITH MANY LOCAL PAST PROJECT REFERENCES.


 

#18) 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%
May 29 F1128502 removed
June 23 F1216442 $3,188,700 $-800,000 -20%

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 an 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 and great room. The kitchen has extensive use of granite, rock + limestone. The separate bar area is complete with wine cellar.


 

#19) Address:6186 PORTLAND ST, South Slope, Burnaby

March 30 V940192 $1,499,000 $0 0%
April 25 V940192 $1,388,888 $-110,112 -7%
May 23 V940192 $1,249,000 $-250,000 -17%
June 20 V940192 $1,198,888 $-300,112 -20%

Assessment: $1,309,100 (Property has more than one structure)

This fabulous MultiFamily Duplex actually has a fully finished basement. This is a Money Making Machine that has almost 4600 sqft this home features 8 bedrooms, 5 bathrooms and four kitchens and an income of almost $ 4200 per month !! Many upgrades over the years and is situated on a gorgeous 86 by 133 lot in the prime sought after area of Burnaby South Slope.Property has fabulous south view (all the way to the gulf islands) and huge park-like greenspace lot, walk to the skytrain, and only minutes to Metrotown . These kinds of properties are rare and is zoned R-4 so you can hold now and make a great return and build new duplexes later!! Hurry on This One!! Please call Listing Agent for more details!


 

#20) Address:# 405 22290 NORTH AV, West Central, Maple Ridge

March 23 V938841 $199,000 $0 0%
March 31 V938841 $189,000 $-10,000 -5%
April 05 V938841 $179,000 $-20,000 -10%
April 14 V938841 $174,000 $-25,000 -13%
April 24 V938841 $169,000 $-30,000 -15%
June 09 V938841 $165,000 $-34,000 -17%
June 23 V938841 $160,000 $-39,000 -20%

6 price drops and counting

Assessment: $186,000

BLOWOUT SALE. BELOW B.C.ASSESSMENT ($186,000). Amazing one bedroom unit in immaculate condition at the highest level of SOLO building. This unit shows so well that it is hard to guess it has ever been occupied. It comes with an oversized balcony facing East for the best of the morning sunrise. It boasts beautiful tile and high end laminate flooring, Granite countertop, Whirlpool stainless seel appliances, Built-in Microwave, high vaulted ceiling, … Just a 5 minute short walk to the West Coast Express and the Haney Wharf. Walk distance to Maple Ridge Centre for restaurants, recreation facilities and lots of shopping. ORIGINALLY SOLD FOR $214,900.

Delta Spotlight – June 22, 2012

I’ve now added the Delta spotlight which includes Tsawwassen, Ladner and North Delta.  The prices in this area were lower before the run up over the last decade, their increases during the run up were lower and expectedly the price drops now are minimal with the second highest drop on the list coming in at 12%.


Address:4462 64TH ST, Holly, Ladner

March 09 V920798 $2,100,000 $0 0%
May 22 V920798 removed
June 06 V954602 $1,700,000 $-400,000 -19%

Assessment:

Central location, this is where the City meets the Country. This 9.69 acres has easy access to Highway 99, George Massy Tunnel and Ladner. The solid will support a wide variety of crops. Ideal for a home based business. Older barn and land currently leased. Excellent holding property for the right investor; currently zoned RS2 Single family.


Address:5428 46TH AV, Delta Manor, Ladner

April 23 V945022 $739,000 $0 0%
May 04 V945022 $699,000 $-40,000 -5%
May 16 V945022 $679,800 $-59,200 -8%
Open House: May 19
May 23 V945022 $649,000 $-90,000 -12%

Assessment:

Beautifully updated split level home in absolutely fantastic location. Entertainment sized living room, dining area and spacious kitchen with eating bar. Family room, bedroom, den, laundry and 3 piece bath all on lower level. . Upstairs with 3 bedrooms, master bedroom with 3 piece ensuite. NEW & UPDATED….flooring, bathrooms, light fixtures, railings, countertops, crown moldings, some windows, 2 year roof…a very long list. Centrally located in very desirable west Ladner location on a large, south exposed corner lot. Nothing to do but move right in!


Address:4998 STEVENS DR, Tsawwassen Central, Tsawwassen

March 09 V912804 $899,000 $0 0%
May 18 V912804 $836,900 $-62,100 -7%
Open House: May 27
Open House: Jun 03
June 12 V912804 $795,000 $-104,000 -12%
Open House: Jun 24

Assessment: $687,500

Rock solid family house completely renovated 3 years ago situated in established upper Tsawwassen on much sought after Stevens Drive. Almost 13,000sqft lot with established trees, this tranquil setting and it’s very comfortable split level house offer a welcome oasis from todays noise… New kitchen with new appliances (never used) completely updated bathrooms, elegant living/dining with solid hardwood flooring… New windows, roof, high efficiency furnace and so much more make this an easy choice… buy next door as well and combine both lots (over 25,000 sq ft) “future subdivision” anymore?


Address:1210 BEACH GROVE RD, Beach Grove, Tsawwassen

May 11 V949258 $1,880,000 $0 0%
June 01 V949258 $1,780,000 $-100,000 -5%
June 14 V949258 $1,680,000 $-200,000 -11%
Open House: Jun 24

Assessment: $1,263,000 sold on Feb, 2011 for $1,220,000

Live the Hamptons lifestyle is this exceptional protected waterfront property 5 mins from Tsawwassen town centre. Walk, run, golf, bird watch or just relax & unwind from the hectic pace of the city & enjoy the ever changing water seascape on the sun-filled patio. This outstanding 6 bedroom residence has been built with 2×8 construction featuring 4 luxury designer bathrooms & marble tile throughout the main level. Main living space is great for entertaining with a stunning gourmet kitchen, vast & open floor plan with two feature fireplaces. Floor to ceiling windows & doors leading onto the patio framed in breathtaking views of water & mountains. Your choice, call it home or your year around get-a-way!


Address:492 ENGLISH BLUFF RD, Pebble Hill, Tsawwassen

March 10 V936457 $1,100,000 $0 0%
May 30 V936457 $975,000 $-125,000 -11%

Assessment: $643,300

Fabulous property with subdivision potential.15,801 sq.ft. lot in area of Tsawwassen’s finest homes. Developer’s and builder’s take note, this type of property does not come to market often. Property has large 2 level home with full basement, featuring 7 or 8 bedrooms very unique floor plan. Home has some view,value mainly in land. Please call for more info.


Address:21 53A ST, Pebble Hill, Tsawwassen

March 09 V900639 $729,000 $0 0%
April 03 V900639 $709,000 $-20,000 -3%
May 25 V900639 $650,000 $-79,000 -11%
Open House: Jun 03, 09

Assessment: $639,700

Absolutely “to die for” charming, sun-shiney, interesting, wonderfully updated family home w/a true appreciation for privacy, a magical backyard & a most fun addition w/open-huge vaulted ceiling ground room concept w/a loft.. 3 bedrooms, 2 full baths, maple flooring, new tiles & carpeting.. Excellent colour scheme underscoring a lovely peaceful lifestyle. A TOTAL WINNER!!


Address:1549 DUNCAN DR, Beach Grove, Tsawwassen

March 09 V935478 $899,000 $0 0%
March 17 V935478 $829,000 $-70,000 -8%
May 12 V935478 $799,000 $-100,000 -11%

Assessment: $732,000

Lots and lots of upgrades in this beautiful main floor living home in quaint Beach Grove, close to the beach, golf course, transportation and and school. Come and see new granite counters, s/s appliances, back splash in the kitchen, new oak engineered heated hardwood floors, double glazed windows & California shutters, brand new master bedroom down with thick shag carpet,surround sound sytstem and new funky 3 piece bathroom with glass shower. New carpet to the second floor leads to two very spacious bedrooms, bonus storage/laundry area and newly updated bathroom. Ground floor also offers choice of in-law suite or converting back to full double attached garage.


Address:9420 114TH ST, Annieville, North Delta

March 19 F1206896 $499,900 $0 0%
April 14 F1206896 $474,900 $-25,000 -5%
May 17 F1206896 $464,900 $-35,000 -7%
June 21 F1206896 $454,900 $-45,000 -9%

Assessment: $433,400

“NORTH DELTA” Annieville area. Well looked after 3 bedroom Rancher. Features include: Large living room with coffered ceilings, hardwood floors, gas fireplace with granite surround and oak mantle, 4 piece bathroom with jetted soaker tub, custom window coverings, garage is wired for workshop, insulated and wired and heated 15′ x 10′ shed. Large corner lot almost 9000 sq. ft. (135′ x 66′). Close to schools and transportation. Must be seen. Bring us your offers.


Address:6123 28TH AV, Ladner Rural, Ladner

March 09 V910955 $3,200,000 $0 0%
May 18 V910955 $2,900,000 $-300,000 -9%

Assessment: $424,569 (Farm land – value set by BC Regulation 411/95)

First Offering to market: A Private Equestrian Estate featuring an exquisite French Colonial 4 bedroom designer farmhouse with panoramic mountain and rural acreage views! Elegant open living plan, great for entertaining with hardwood floorsthroughout, sunken livingroom, formal diningroom, gas fireplaces, beautiful leaded glass French doors, Chef’s Dream Kitchen, Conservatory and spectacular Great room with Wet Bar! Landscaped mature gardens, lovely 2nd residence plus everything for the equestrian: 70′ x 200′ Indoor Arena with stalls / tack groom / grooming stalls / washroom, 2nd 7 stall Barn, and covered round pen. For the gentlemen of the estate a Detached workshop with multiple bay doors! All nestled on 10 acres in Sunny Ladner!


Address:5096 DENNISON DR, Tsawwassen Central, Tsawwassen

March 09 V931931 $880,000 $0 0%
April 24 V931931 $849,900 $-30,100 -3%
Open House: Jun 10
June 15 V931931 removed
June 18 V957240 $799,000 $-81,000 -9%

Assessment: $620,000

This home has the perfect feel of the West Coast lifestyle. Nestled in a pocket of Tsawwassen, this two level family home, feels like you are living on the North Shore, with a Mtn view but with much more sunshine. This home is an oasis that is the perfect blend of function and style. Enjoy the spacious 5 bed room, 4 bathroom family home with room to spread out and have your own piece of paradise. Relax in the south facing back yard with new deck and hot tub. Grow your favourite herbs and veggies in the garden plots all for your comflort and enjoyment. All the renovations were done with permits and great updates with granite counters and updated bathrooms. The workshop in the double garage is perfect for the weekend warrior.

Langley, Cloverdale and Abbotsford Spotlight – June 21, 2012

It has been about a month since the last regional spotlight series and given today is the day the 30 year mortgage elimination was announced I figure it is a good time to take a snapshot of the ten homes that have dropped their listing price by the largest percentage since March.  Last month a 19% drop got on the list, this month it is up slightly to 20%


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.


Address:# 216 6359 198TH ST, Willoughby Heights, Langley

May 31 F1214188 $338,800 $0 0%
June 06 F1214188 $238,800 $-100,000 -30%

Assessment: $219,000 and sold October 2011 for $225,000

This Rosewood beauty is rarely available! Renos include high end flooring, stainless steel appliances & fresh paint. An exceptionally large, completely private, patio is ready for your new garden. Other features include two secure parking stalls and storage. Excellent location across from Superstore, minutes to bus and shopping mall. A MUST SEE!


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.


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.


Address:# 434 1909 SALTON RD, Central Abbotsford, Abbotsford

March 09 F1205319 $149,900 $0 0%
March 10 F1205319 $139,900 $-10,000 -7%
April 14 F1205319 $129,900 $-20,000 -13%
June 01 F1205319 removed
June 09 F1214948 $109,000 $-40,900 -27%

Assessment: $127,200

Super 3 bedroom apartment investment for first time purchase or for the smart investor. Centrally located within easy walking of shopping, restaurants, recreation facilities, schools and the bus route. Top floor with lots of natural light and large size bedrooms. Master bedroom with walk-in closet and ensuite bathroom. At this price it will not be around for long.


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!!


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.


Address:# 221 31850 UNION AV, Abbotsford West, Abbotsford

March 09 F1205456 $115,000 $0 0%
April 23 F1205456 $99,900 $-15,100 -13%
June 02 F1205456 $89,900 $-25,100 -22%

Assessment: $105,700

Luxurious 2 bedroom retirement condo in desirable Fernwood Manor! This home is fully renovated like brand new again featuring new carpets, new paint, new bathroom, new kitchen, new appliances, simply outstanding value! Friendly + 55 building with entertainment room, walking distance to shopping and all amenities, make your move to affordable luxury today!


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?


Address:# 31 2998 MOUAT DR, Abbotsford West, Abbotsford

May 02 F1211219 $249,000 $0 0%
May 26 F1211219 $229,000 $-20,000 -8%
June 16 F1211219 $199,000 $-50,000 -20%

Assessment: $235,500

Nice home located in Brookside Terrace. Gated community, walking distance to schools and other amenities. 3 storey, 3 bedroom, 2 bathrooms. Please call to view and all measurements are approx, please verify if important. Home sold ‘as iswhere is’ Subject to Court Approval’