Vancouver Price Drop

Documenting Vancouver real estate price movements

White Rock Spotlight – July 22, 2012

Here are the top 10 properties currently listed in White Rock with the largest overall drop in asking price since early March

Some Highlights

  • It takes a 20% drop to make this top 10, up from 17% last month and 13% the month before
  • 3 of the 8 properties with assessment information are now listed below assessment

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

March 09 F1123410 $699,000 $0 0%
March 31 F1123410 removed
April 21 F1210146 $898,888 $0 0%
June 08 F1210146 $599,880 $-299,008 -33%

Assessment: $465,100

Opportunity knocks! Investors Alert! Basement entry home situated on a 7,956 SF lot. Lots of development going on in area great holding property. Great location easy access to Highway 99, shopping, transit & movie theatre. Only minutes away from Border.

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
June 30 F1212743 removed
July 11 F1217909 $859,000 $-306,000 -26%

Assessment: $891,000

Chantrell Park, over 19,000 sqft lot in pristine area. Home is over 3300 sqft with extensive updates throughout, hardwood flooring, newer kitchen, private back deck with huge private yard. Detached garage is 24×32. Quick possession possible, live comfortable now and build later? Or enjoy this updated home on this rarely available lot.

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%
July 19 F1207945 removed
July 21 F1218905 $1,480,000 $-520,000 -26%

Assessment: $983,000

Beautiful ocean view property located on White Rock hilltop. Huge potential to renovate or build on this large 5,850SF flat level lot that neighbours multimillion dollar homes. Very highly sought after area with flat street, sweeping unobstructed ocean and mountain views from both levels, and tons of parking. Driveway in the front, with walk in main level entry into the kitchen and breathtaking ocean views. Solid hardwood flooring, new Thermadoor oven, new plumbing & light fixtures. Access to double garage from laneway driveway. Fully finished walk-out basement with huge partially covered sundeck. Walk to beach, restaurants, shopping, library, schools and transportation!

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%
Open House: Jul 07

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: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 10
Open House: Jun 16
Open House: Jun 30
June 30 F1213906 $800,000 $-215,000 -21%
Open House: Jul 07
Open House: Jul 08
Open House: Jul 14
July 12 F1213906 $789,900 $-225,100 -22%

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, 2 more bdrms and full bath. Finished basement w/separate entry has 4th bdrm w/ensuite, storage, generous size game/media room. PRICED TO SELL. NOW $18,100 BELOW ASSESSED VALUE. BETTER HURRY.

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:14172 MARINE DR, White Rock, White Rock

May 15 F1212612 $2,138,000 $0 0%
May 29 F1212612 $1,988,000 $-150,000 -7%
June 07 F1212612 $1,778,000 $-360,000 -17%
Open House: Jun 16
Open House: Jun 23
July 03 F1212612 removed
July 12 F1218092 $1,695,000 $-443,000 -21%
Open House: Jul 21
Open House: Jul 22

Assessment: $1,474,300

Own a Piece of the Bluff, w/ absolutely stunning south facing OCEAN VIEWS. Located on prestigious Marine Drive, White Rock, this funky home offers a lifestyle of peace, tranquility, & convenience, w/ room to entertain & watch nature’s artistry. Entering through secure gates, character oozes from this fun family home. Slate flooring greets you at the generous entrance, & solid hardwood leads you through the main level w/ tons of light & open concept. The stunning wood burning fireplace is the focal point in the well proportioned living/ dining rooms, & the kitchen offers granite counters, gas range, & room to work. Numerous patios, decks, and landings, AND direct waterfront access through your private path.

Address:# 302 15342 20TH AV, King George Corridor, White Rock

March 09 F1127137 $249,900 $0 0%
March 22 F1127137 $234,900 $-15,000 -6%
May 03 F1127137 removed
May 26 F1213763 $219,900 $-30,000 -12%
July 03 F1213763 removed
July 07 F1217573 $199,000 $-50,900 -20%

Assessment: $279,000

STERLING PLACE – ‘TOP FLOOR’ 955 sqft, West facing 1 bed/1 bath + den. Large open kitchen, high ceilings, radiant H/W heat, NGAS F/P. Great condition, ready to move in! Call today to arrange a viewing.

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: 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.


4 responses to “White Rock Spotlight – July 22, 2012

  1. bailinginbc July 22, 2012 at 11:39 pm

    Thanks an Observer. Do you think you could do one on Squamish? Prices have been dropping here for quite some time but I’d be interested to see what effect these new rules are having. Keep up the good work.

  2. Signs of the End July 23, 2012 at 9:24 am

    White Rock is my old stomping ground. Bought in 2004 for 565,000, sold in 2006 for 800,000. Commented at that time I will be back one day and the same house will be less than what I originally paid for it. Must say its taken longer than I expected but the trajectory is correct; White Rock and South Surrey will be the Phoenix of Canada – expect 70% drops eventually. Maybe 2015-16 but 50% 2 years from is a real possibility.

    • an observer July 23, 2012 at 9:53 am

      Most of the asking prices in South Surrey for higher end homes (ie > $1.5 million) are quite ridiculous. You see homes that were bought a year ago for $1.6 million being relisted without renovations for $2.5 million now.

      There was a mini HAM invasion the last couple of years where a handful of homes were bought for incredibly overpriced amounts and that skewed everything and the sellers haven’t adjusted back to reality yet

  3. Never say you are Surrey! July 23, 2012 at 1:32 pm

    The people who bought in South Surrey over the last years will be very sorry! This is not California or New York it is freaking Surrey. Expect to have your car broken into twice a year and your garbage rummaged through every week. The schools are full of ESL students and every neighbourhood is full of rentals. But if you want to fund your parent retirement go ahead.

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