Vancouver Price Drop

Documenting Vancouver real estate price movements

White Rock 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.  Some long overdue cracks forming in White Rock where last month a 13% drop got you on the list while this month it took 17%.  I’ve been watching South Surrey for a while and I suspect this will be one of the top 2 or 3 hardest hit regions over the next few years based mainly on delusional expectations from sellers.

Address:2385 152A ST, King George Corridor, White Rock

March 09 F1123410 $699,000 $0 0%
March 31 F1123410 removed
April 21 F1210146 $898,888 $199,888 29%
June 08 F1210146 $599,880 $-99,120 -14% (-33%)

Assessment: $465,100

Investor Alert! The City of Surrey is asking for proposals for these 2 lots as they would like High Density on this street. There is a council meeting in May for the new changes that are happening! Resautarunt? Condo’s? That’s right bring your ideas for this land assembly project! Property being sold with F1210205 (15232 24 AV) to complete assembly! Note: The neighbours house was just sold to investors who are also looking to assemble! Seller very motivated please bring your offers!

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!!

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%
June 09 F1201946 $295,000 $-100,000 -25%

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.

Address:13452 25TH AV, Elgin Chantrell, White Rock

March 09 F1201705 $2,588,000 $0 0%
April 03 F1201705 removed
April 12 F1209006 $2,288,000 $-300,000 -12%
June 09 F1209006 $1,998,000 $-590,000 -23%

Assessment: $1,996,000

French Country Home, Simply*Wonderful lot. Steaming with sunshine 39,901 sqft South Facing*Tennis Court, lots of lawn, for children..soccor or playgrounds, in a quiet cul-de Sac.5 minute walk to Elgin Secondary and Chantrell Creek Elementary. Big home with 7 bedrooms, Space for a nanny on the third floor or in-Laws, visitors*Roof top deck for sunbathing in privacy. 5 full bathrooms located with bedrooms. Main floor 1800 sqft. is All family living space, office, den, music room, formal dining room, Big Country Kitchen-eating area and family room. Easy to view*good workshop in Bsmt 200 amp service. Backs onto green belt, very sunny, and bright property south facing.

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!

Address:1309 132B ST, Crescent Beach Ocean Park, White Rock

March 09 F1201971 $6,800,000 $0 0%
May 18 F1201971 removed
June 15 F1215632 $5,388,000 $-1,412,000 -21%

Assessment: $3,030,000

Invest in the best! Wow… What a location and view for this 15,000 sqft/100 ft wide piece of beauty land. One of only a few like this with unobstructed, very private view… forever! Walk through the massive wood entrance doors to an infinity view from every living space and room in this quality custom residence. Fabulous floor plan with custom high end gourmet white kitchen, spacious living & dining along with a ‘retreat’ style huge master on main level. All main level looks out through the highest of quality brand new Gaulhofer windows and folding doors onto newly redone granite decking with glass railings, new custom high end polished concrete BBQ & cooking area, gas firepit, heating system, built-in watering system for plants. Spiral staircase takes you to sought after walk-out lower level with media/office, games, bar area, sauna and 2 bedrooms (one with ensuite bath). All this walks out to awesome covered stamped concrete patio area with just to be finished new outdoor rock fireplace. Hottub and po

Address:3577 ROSEMARY HEIGHTS CR, Morgan Creek, White Rock

March 29 F1207805 $1,015,000 $0 0%
April 13 F1207805 $998,000 $-17,000 -2%
May 09 F1207805 $899,800 $-115,200 -11%
May 28 F1207805 removed
May 29 F1213906 $899,800 $-115,200 -11%
Open House: Jun 03
June 01 F1213906 $828,000 $-187,000 -18%
Open House: Jun 03, 10, 16

Assessment: $808,000

Gorgeous 1 owner “Rose Monde” model by Foxridge Homes, located in the beautiful Rosemary Heights subdivision. This well appointed luxury home greets you w/soaring ceilings in a bright, open plan. Numerous upgrades includ. hardwood flooring & custom trim. Fabulous kitchen layout features maple cabinetry, granite countertops, all new stainless appliances, & breakfast nook. Relax in your inviting family room w/gas fireplace & half bath. Upstairs is a spacious Master with ensuite & wall-in closet, plus laundry, two more bedrooms and full bath. Finished basement w/separate entry has 4th bedroom with ensuite, storage, generous size game/media room.

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%
June 06 F1212743 $950,000 $-215,000 -18%
Open House: Jun 10

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.

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.

Address:15069 BUENA VISTA AV, White Rock, White Rock

March 09 F1203973 $775,000 $0 0%
March 10 F1203973 $750,000 $-25,000 -3%
April 14 F1203973 $735,000 $-40,000 -5%
May 04 F1203973 $695,000 $-80,000 -10%
June 19 F1203973 $645,000 $-130,000 -17%

Assessment: $538,000

Wonderful ocean views from both the main and lower levels of this 1/2 duplex home. Upper level bathrooms have been totally renovated, freshly painted interior, updated light fixtures and flooring. Two fireplaces, one gas and one wood burning. Balcony off the dining room and large walkout patio on the main level with flower gardens. Concrete between floor levels for sound insulation. Central location – walking distance to the beach as well as uptown shopping, banking and doctors and 351 bus route. Two car garage with additional parking available.


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