Vancouver Price Drop

Documenting Vancouver real estate price movements

Langley Spotlight – July 23. 2012

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

Some Highlights

  • It now takes a 23% drop to make this top 10 up from 20% and 19% the last two months
  • 4 of the drops in the top 10 are from Abbotsford West
  • 5 of the 9 homes with assessment info are listed below assessment

Address:5848 175TH ST, Cloverdale BC, Cloverdale

March 09 F1204886 $1,600,000 $0 0%
April 04 F1204886 $1,100,000 $-500,000 -31%
June 23 F1204886 $999,900 $-600,100 -38%

Assessment: $506,100

Future development multi family potential in prime location in downtown Cloverdale. Good rental while waiting for rezoning. 15046 sq.ft. lot. All fenced. Check with city for zoning particulars.

Address:# 413 33960 OLD YALE RD, Central Abbotsford, Abbotsford

March 09 F1127557 $169,900 $0 0%
April 27 F1127557 removed
April 28 F1210945 $129,000 $-40,900 -24%
June 26 F1210945 $119,000 $-50,900 -30%

Assessment: $133,300

Ideal for an investor or first time buyer. 1 bedroom and 1 bath condo with a Maple kitchen, laminate flooring, in-suite laundry. 2 underground parking stalls and 1 storage locker. Downtown Abbotsford location, walking distance to restaurants, pubs, grocery stores and more. No age or rental restrictions. Great investment!!

Address:6750 232 ST, Salmon River, Langley

March 09 F1125118 $11,250,000 $0 0%
May 17 F1125118 $8,000,000 $-3,250,000 -29%

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

“Fairmeade Farm” 156 acre, level, cleared & fenced equestrian farm. First time offered, this sprawling ranch occupies the northeast corner of 232 St & 64 Ave with 2,634.48 ft frontage & depth of approx. 2,644 sf. The facility boasts a charming ranch style home, guest house & 3 more caretaker homes. Additional features include tennis court & massive in ground swimming pool. Call for full details.

Address:# 31 2998 MOUAT DR, Abbotsford West, Abbotsford

May 02 F1211219 $249,000 $0 0%
May 26 F1211219 $229,000 $-20,000 -8%
June 16 F1211219 $199,000 $-50,000 -20%
June 29 F1211219 $194,000 $-55,000 -22%
July 05 F1211219 $179,000 $-70,000 -28%

Assessment: $235,500

Nice home located in Brookside Terrace. Gated community, walking distance to schools and other amenities. 3 storey, 3 bedroom, 2 bathrooms. Please call to view and all measurements are approx, please verify if important. Home sold ‘as iswhere is’ Subject to Court Approval’

Address:22940 48TH AV, Salmon River, Langley

March 17 F1206833 $5,800,000 $0 0%
April 14 F1206833 $4,200,000 $-1,600,000 -28%

Assessment: $989,000

Investor Alert! Development potential here. 10.17 acres that are NOT in the ALR, located minutes from Fraser Hwy and not far from the heart of Langley. Currently zoned RU1 with future potential to rezone with OCP amendment. Don’t miss out out on a rare opportunity to own ALR exempt property. Call today to schedule a viewing.

Address:# 109 32025 TIMS AV, Abbotsford West, Abbotsford

June 14 F1215497 $109,900 $0 0%
June 23 F1215497 $99,900 $-10,000 -9%
July 02 F1215497 $84,900 $-25,000 -23%
July 14 F1215497 $79,900 $-30,000 -27%

Assessment: $104,800

Affordable, clean 2 bdrm condo, close to everything shopping, seniors center, medical, church and public transit, newer stove, fridge and laminate flooring, enclosed patio with 5 x 5 storage area plus locker downstairs, quiet side of the building, amenities include workshop, meeting room with kitchen and exercise area, strata fee includes heat, hot water and electricity, low taxes, 55+, no rentals and no pets, new roof coming assessment already paid for.

Address:27752 MONTESINA AV, Aberdeen, Abbotsford

May 25 F1213526 $2,750,000 $0 0%
July 12 F1213526 $2,000,000 $-750,000 -27%

Assessment: $941,000

Stunning 5487 sqft, 4 yr old Log Home with breathtaking views set on 5 acres. This worry free home has it all, including granite countertops, stainless appliances, continuous hotwater, heat pump, central air, two car garage, beautiful deck off master, a full size pool table stays in the games room, a pond, even the dog has its own water! Nevery worry about being without power as this home has it own generating system. Two detached workshops (27×52 and 25×70), one with overhead crane. This home needs nothing as the current owner recently had everything cleaned and tested. Make this home yours today!

Address:# 201 32110 TIMS AV, Abbotsford West, Abbotsford

March 09 F1128671 $85,900 $0 0%
June 01 F1128671 removed
June 07 F1214809 $74,900 $-11,000 -13%
July 18 F1214809 $64,900 $-21,000 -24%

Assessment: $85,300

Your New Home Search Stops Here! This centrally located 1 bedroom 1 bathroom unit in Bristol Manor has been updated with new paint and flooring. Features include in-suite laundry and a secure underground parking spot. Perfect for someone downsizing, or for someone who wants to live within walking distance of shopping and recreation. It is ready to move in today! Age restricted 45+. Call today to book your personal viewing!

Address:# 113 32725 GEORGE FERGUSON WY, Abbotsford West, Abbotsford

March 09 F1203101 $169,900 $0 0%
April 04 F1203101 $159,900 $-10,000 -6%
May 02 F1203101 removed
May 08 F1211895 $149,900 $-20,000 -12%
June 13 F1211895 $144,900 $-25,000 -15%
July 04 F1211895 $129,900 $-40,000 -24%

Assessment: $177,700

Fantastic! Two large bedrooms and full baths are separated by a nice living room opening to an outside patio! The kitchen is huge and includes a granite island area for that always needed counter space! Full size laundry room. Located within easy walking distance to shopping and transit. A perfect investment or place to start.

Address:2529 264 ST, Otter District, Langley

March 09 F1116719 $1,295,000 $0 0%
May 26 F1116719 $995,000 $-300,000 -23%

Assessment: $737,000

A large family would love this home. Close to all amenities of city yet private with rural feel. 2.37 acres double and single garage. Beautiful Aldergrove rural home. Family custom-built, one owner, set well back from the road with gated entry. Quiet, peaceful, private. Large 2 bdrm unauthorized suite. Custom cabinets throughout, large room, lot of space.


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