Vancouver Price Drop

Documenting Vancouver real estate price movements

Delta Spotlight – July 23, 2012

Here are the top 10 properties currently listed in Delta (Tsawwassen, Ladner and North Delta) with the largest overall drop in asking price since early March

Some Highlights

  • It takes an 11% drop to make this top 10, up from 9% last month
  • 2 properties listed below assessment

Address:5188 CENTRAL AV, Hawthorne, Ladner

March 09 V927562 $929,900 $0 0%
April 26 V927562 $889,999 $-39,901 -4%
June 26 V927562 $475,000 $-454,900 -49%

Assessment: $629,300

The current house is to be demolished and divided into two lots. The current asking price is for one ready to build lot (6,300 sq.ft). Seller will sell whole property or just one lot. Excellent Hawthorne Location! Walk to all amenities including schools, Historic Ladner Village Market! Don’t miss this one!


Address:9130 NORUM RD, Nordel, North Delta

May 16 F1212815 $958,800 $0 0%
June 28 F1212815 removed
July 06 F1217410 $750,000 $-208,800 -22%
Open House: Jul 15

Assessment: $523,900

Welcome to North Delta! Investor alert!! Park like setting 27,966 sq ft lot; completely & tastefully renovated 3-suite house 5 years ago: plumbing, electrical, heating, gas, kitchens, appliances, bathrooms, dbl. glazed windows, roof, irrigation, flooring, granite; resulting in bright & spacious living space with private & gorgeous sun drenched yard featuring built in fire-pit & hottub. Each self-contained suite has its separate entry & insuite laundry. Build your dream home or move-in rental ready and hold the property. Enjoy!


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: Farm land – value set by BC Regulation 411/95

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:4897 5TH AV, Pebble Hill, Tsawwassen

March 09 V934576 $2,300,000 $0 0%
Open House: May 27
May 26 V934576 removed
June 02 V954106 $2,300,000 $0 0%
June 23 V954106 $1,898,000 $-402,000 -17%
Open House: Jul 22

Assessment: $1,292,000

One of Tsawwassen’s most desirable home’s is on the market for the first time in 15 years. Situated on the upper bluff area on a huge 15,177 square foot private landscaped lot, close to transit and schools, this home is a well balanced home perfect for entertaining while offering the best in family intimacy and convenience. Boasting all the best in home luxury and lifestyle including Subzero and wolf appliances, a custom built Blakemore kitchen, built in air conditioning, radiant hot water heating on both levels, in ground pool and hot tub, separate nannies quarters, and s state of the art air exchange system. Dreaming of having it all this luxury home is for you, please call for a private viewing of this extraordinary home.


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
July 06 V949258 $1,588,000 $-292,000 -16%

Assessment: $1,263,000 and sold last Feb 26, 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: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
Open House: Jul 07
Open House: Jul 14

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: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%
Open House: Jul 01
Open House: Jul 08

Assessment: $595,200

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: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:# 202 4885 53RD ST, Hawthorne, Ladner

March 09 V931335 $270,000 $0 0%
April 11 V931335 $259,000 $-11,000 -4%
May 05 V931335 $245,000 $-25,000 -9%
June 30 V931335 removed
July 08 V960947 $240,000 $-30,000 -11%

Assessment: $280,800

approx. Prime southern second floor location in popular “Green Gables”. Bright well maintained end unit with sunny and private balcony. Handy location only steps to town centre and shopping. Adult oriented building with elevator, and generous room sizes throughout. This is a sharply priced apartment. Pics at dougschalin.com


Address:11736 72ND AV, Scottsdale, North Delta

April 18 F1209729 $650,000 $0 0%
May 10 F1209729 $600,000 $-50,000 -8%
June 30 F1209729 $579,000 $-71,000 -11%

Assessment: $388,900

ATTENTION INVESTORS AND NEW HOME OWNERS. This Home has what you were looking for, Close to schools, shopping, and hwy. Easy access to everywhere! Has 4 bedroom and 3 Full baths, and a magnificent back yard. Zoned as a Duplex lot and has future possibilities for subdividing, this purchase will be an investment you can count on. Tenanted so showings will need 48 hours advance notice. Please verify requirements to subdivide lot at the city of Delta.

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