Vancouver Price Drop

Documenting Vancouver real estate price movements

Surrey 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.  Here are the top 10 droppers among active listings in Surrey not including the South Surrey area which is reported under the White Rock region.  Last month 13% was enough to make the top 10 but this month that increased to a 16% drop.

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%

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.

Address:11020 168TH ST, Fraser Heights, North Surrey

March 09 F1116674 $1,578,880 $0 0%
May 10 F1116674 removed
May 15 F1212585 $1,078,688 $-500,192 -32%

Assessment: $920,000

Hampton Woods Beauty! Grand entrance, high ceilings. This home boasts beautiful hardwood floors, a huge pantry and bonus spice kitchen. 3 master bedrooms up, all with ensuites. Walkout basement. Backyard backs onto private green space. Thisis a must view!

Address:9267 188TH ST, Port Kells, North Surrey

March 09 F1129462 $1,788,000 $0 0%
March 17 F1129462 removed
May 29 F1213865 $1,399,000 $-389,000 -22%

Assessment: $1,171,000

INVESTOR ALERT! IN THE PORT KELLS NCP FOR FUTURE DEVELOPMENT. Over an 1.22 acres of flat and usable land. In the mean time, a huge, gorgeous home perfect for the property owner and their family, or a terrific revenue property to rent out. Many updates to the house include flooring, paint, etc and 3 generously-sized rooms with an additional, massive rec room. Very quiet area with tons of yard for kids, entertaining, hobbies or your landscaping dreams. Double garage for working on the car(s), woodworking and all your other activities.

Address:# 1409 9981 WHALLEY BV, Whalley, North Surrey

May 16 F1212754 $445,900 $0 0%
May 18 F1212754 $345,900 $-100,000 -22%

Assessment: $307,900

Park Place 2, 14th floor, 2 bed 2 bath, like brand new, never occupied. Top fo the line appliances. Modern living steps away to everything. Only 40 minutes to downtown Vancouver via sky train. Hurry for this one, won’t last long!!!!

Address:# 32 7529 140TH ST, East Newton, Surrey

March 09 F1201781 $224,900 $0 0%
March 30 F1201781 $199,000 $-25,900 -12%
May 05 F1201781 $190,000 $-34,900 -16%
June 15 F1201781 removed
June 16 F1215787 $179,900 $-45,000 -20%

Assessment: $235,500

GLENVIEW ESTATES. At back of complex. 2 level unit with 3 bdrms & 2 1/2 bathrms, wood F/P. Patio & back, fenced yard have Southern (sunny) exposure. Mbdrm has deck. Needs some work, but for the price???? Measurements are approximate and should be verified by the Buyer if important to them.

Address:16920 96TH AV, Fleetwood Tynehead, Surrey

March 09 F1111545 $799,000 $0 0%
March 10 F1111545 $720,000 $-79,000 -10%
March 15 F1111545 removed
May 21 F1213186 $650,000 $-149,000 -19%

Assessment: $621,000

This beautiful 1 acre lot has NO easements, NO right of ways, NO hydro lines (only small creek through very top corner of property near road) Old house burned down. Completely cleared and cleaned as per city requirement. PRICED AT AN AMAZING PRICE and the only lot in million dollar neighborhood!! Buy and build your dream home in one of the best areas in Surrey. PRICED TO SELL FAST AND WILL NOT LAST!! Bonus: old septic tank still in ground and might still be working!!!

Address:# 201 13888 102ND AV, Whalley, North Surrey

March 09 F1204181 $259,900 $0 0%
March 17 F1204181 $229,900 $-30,000 -12%
May 19 F1204181 $221,900 $-38,000 -15%
June 02 F1204181 $216,900 $-43,000 -17%

Assessment: $253,900

Sunny South exposed unit at Glendale Village – an adult oriented building. Close to Skytrain and Central City shopping centre. Well maintained 2 bedroom, 2 bathroom unit with large covered deck. New washing machine, hotwater tank and dishwasher purchased this year. This complex has a recreation room with kitchen, billiards, library, exercise room, sauna and workshop. Newer fridge and electric base board heaters. Age 45 plus. Pets allowed with restrictions

Address:14060 64TH AV, Sullivan Station, Surrey

April 13 F1209086 $479,900 $0 0%
June 19 F1209086 removed
June 20 F1216066 $399,900 $-80,000 -17%

Assessment: $365,000

No Picture

Rare Find! Build your RESORT STYLE DREAM FANCY HOME on this BIG 22097 Sq.Ft LOT, it is ready to build all serviced land, the current owner already has building permit from CITY HALL for building Super MEGA house. It is surrounded by the natural beauty including water feature. Central location, Close to all amenities and still very private. Building design and Site LOT plan available as well. Do not wait as it won’t last for LONG!!

Address:# 107 10866 CITY PW, Whalley, North Surrey

March 14 F1206480 $369,900 $0 0%
April 26 F1206480 $339,900 $-30,000 -8%
June 09 F1206480 $308,888 $-61,012 -16%

Assessment: $268,000

ATTENTION ALL BUYERS! Your search ends here! Downtown living at a Surrey price! Modern, gorgeous dark wood cabinets & black appliances. Spacious floor plan, insuite laundry, gas fireplace and security system. Rare 3 bedroom plan, 2 full baths and 9′ ceilings throughout! Close to Skytrain, Surrey Place Mall, Best Buy, passport office and SFU Campus and more. Excellent building with full gym, sauna, hot tub, showers, change rooms, pool table and more! Strata includes gas & hot water as well. What are you waiting for? Make the call and change your life!

Address:# 501 10899 UNIVERSITY DR, Whalley, North Surrey

April 17 F1209551 $224,900 $0 0%
April 25 F1209551 $209,900 $-15,000 -7%
May 17 F1209551 $199,900 $-25,000 -11%
June 08 F1209551 $189,900 $-35,000 -16%

Assessment: $190,600

GATEWAY SKYTRAIN STATION. Spacious 700 square foot one bedroom unit. East facing. This unit is one of the larger one bedroom units in the complex. Very nice and clean bright kitchen white cabinets, tiled floor and double sink with garburator. Large bathroom has oversized mirror with 6 bright vanity lights above. Bathroom has tiled floors also and extra deep soaker tub with tile tub surround. In suite laundry. Tiled foyer has indirect lighting and coat closet with mirrored doors. Larger master bedroom has triple mirrored closet doors and another door that leads out to the huge sundeck. Living room out-door leads to sundeck also.


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