Vancouver Price Drop

Documenting Vancouver real estate price movements

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.

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11 responses to “Delta Spotlight – June 22, 2012

  1. JVV June 22, 2012 at 1:40 pm

    Nice work, thanks for your sumary.

    Please keep trying to post the former sold prices as reference, they are the best indicator to see if there is a real market correction. Asking prices are always a little bit relatives, they help, but not as much as the previous sold price.

    It will be quite interesting to do a list with only the ones that you have their previous sold prices, it really doesnt matter if you dont have a big sample of them, just a small sample could represent the whole market, same logic as when you do a survey.

    For example lets assume that now you can get the sold prices of only 5% of the all the mls listing, and of all them 90% are asking more than the prices they paid before, and 10% less than before, with the time those percetages will go up and down and you can really get a real conclusion about the market.

    thanks

    • an observer June 27, 2012 at 8:01 am

      I get the previous sold price from the BC Assessment site and it only shows sales from Jan to Oct 2011 and it is a manual process to look up the information for each site. So, unfortunately I can’t do anything like this but agree it would be very useful

  2. jr June 22, 2012 at 2:27 pm

    “Live the Hamptons lifestyle” LOL. You need a hall of fame to put this into.

  3. Alexcanuck June 22, 2012 at 6:14 pm

    Suggestion for a future category:
    Prices of pre-build condos can be found with some digging, compare that to the asking price and selling price (if available) of “brand new never-lived-in luxury condo” once the building completes and the speculator tries to unload.
    Like it?

  4. vreaa June 22, 2012 at 7:02 pm

    Great work you’re doing here, observer, many thanks.

  5. scott June 24, 2012 at 12:51 am

    Lots of “SOLD” signs in Gibsons today. People rushing in to beat the July 9th CMHC tightening??

  6. B.B. Rodriguez June 24, 2012 at 10:32 pm

    Uh, ok, dumb question here – how do you look up the assessed value of a property in vancouver?

  7. Scottsdale Renter June 26, 2012 at 4:50 pm

    There are some properties in North Delta that have had some good drops in price but they pre-date this site since the ‘posh’ sunshine hills area has stagnated since last fall. Here are some good examples:

    1. MLS® F1214257 – Reno and flip job
    Original list price – $868,000
    Now relisted after 2 earlier price drops – $799, 000

    2. MLS® F1215280
    Original list price – $929, 000
    Now relisted after a couple price drops on the original listing -$858,000

    Just a couple that I have seen rotting out there. Some people are holding tight to their list prices.

    Good site. Interesting too see the price on some of the properties.

    Thanks

  8. Kim August 2, 2012 at 3:46 pm

    August 2, 2012 – I have live in North Delta for most of my life and our neighbourhood is changing and not for the better. HOME NEXT DOOR WAS SOLD TO an inconsisterate BUILDER after previous owner passed away. Original Home is being destroyed and new house is to be buit in its place and be sold.
    PROBLEM: the owners removed 6 cedar trees (large mature growth over 100 years) providing shade, privacy, and beauty to our neighbourhood. Can not understand how the builder who advised the neighbours the trees that were on both property lines were destroyed and accepted by Corp of Delta. Builder does not care he will not be living there. My fence has been damaged from the removal of trees, my price just dropped, and some neighbours are outraged. Pls drive by 9259 Hardy Road North Delta.

    • jb December 14, 2012 at 11:38 pm

      Kim,
      When someone buys property they have a right to build a new house and trees can be removed if constructions is blocked by the trees.The only thing is that they should plant replacement trees.looking at street view it is obvious a few trees are in the way.

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