Vancouver Price Drop

Documenting Vancouver real estate price movements

White Rock Spotlight – August 27, 2012

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

Some Highlights

  • It takes a 20% drop to make this top 10, compared to 20%, 17% and 13% the three previous months
  • 4of 8 listings with assessment are now listed below assessment
  • 2 listings are new builds
  • Four listings are from the White Rock proper and three from Crescent Beach / Ocean Park
  • #4 is a new build with 4 price drops totalling $409K and 24%.  Can’t be much, if any, profit left there
  • #5 is a court ordered sale
  • #6 – There were 2 similarly assessed units that sold in this complex last year, both for 3% below the current assessment.  This one is currently listed at 18% below assessment
  • #7 is a $5 million+ listing where the realtor couldn’t be bothered to make sure that the description fit – “Hottub and po”
  • #9 – There was 1 sale in this unit last year and it sold for 11% below assessment.  This one is currently listed 28% below assessment

#1 ) Address:16790 16TH AV, Pacific Douglas, White Rock

February 07 F1203003 $1,334,200 $0 0%
April 18 F1203003 $1,100,000 $-234,200 -18%
August 13 F1203003 removed
August 17 F1220933 $950,000 $-384,200 -29%

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.

#2 ) 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 on very desirable street in sunny White Rock. Located on the south side of Royal, this large 5,850SF lot has sweeping unobstructed ocean, mtn & island views & neighbours multimillion dollar homes. Spacious & bright kitchen, SS appliances, new Thermador oven, new plumbing & light fixtures, hardwood flooring, 2 gas fireplaces & private fenced yard. French doors open from kitchen to large sundeck, great for entertaining friends & family. Fully finished walk-out basement w/large partially covered sundeck. Access to Dbl garage from lane driveway. Ample parking, front & back. Flat, quiet street. Walk to beach, restaurants, shops, library, schools & transit. Live in now, renovate/build later!

#3 ) Address:12309 24TH AV, Crescent Beach Ocean Park, White Rock

October 07 F1124941 $1,188,000 $0 0%
November 27 F1124941 $1,088,000 $-100,000 -8%
February 01 F1124941 $988,000 $-200,000 -17%
March 16 F1124941 $928,000 $-260,000 -22%
June 23 F1124941 $888,000 $-300,000 -25%

Assessment: $719,000

STUNNING OCEAN PARK/CRESCENT HEIGHT HOME on a very private site & only minutes (literally) from the beach path. Improvements in recent years include all new wiring etc, all new plumbing & fixtures. All new doors & windows (Euroline Tilt & Torn Gold Series) 5″ wide maple flooring & slate flooring entry, ultra line professional 6 burner gas stove, solid fir French doors (3 sets) leading onto the deck area, custom built cedar storage shed (12×16) heated & insulated + vertical grain fir kitchen cabinets & so much more. TRULY A ONE OF A KIND!

#4 ) Address:13019 14TH AV, Crescent Beach Ocean Park, White Rock

March 09 F1203072 $1,688,900 $0 0%
April 08 F1203072 removed
April 23 F1210355 $1,658,000 $-30,900 -2%
June 08 F1210355 $1,558,000 $-130,900 -8%
June 19 F1210355 removed
August 09 F1220334 $1,300,000 $-388,900 -23%
Open House: Aug 11
Open House: Aug 18
August 23 F1220334 $1,280,000 $-408,900 -24%

Assessment: New Building

Own this Ocean Park luxury brand new home with an AFFORDABLE PRICE. Move in anytime. Beautiful Hardwood floors throughout. Top of the line appliances, upgraded moldings, french country style kitchen with separate pantry. Master suit with a door to a private deck for ocean view; and a huge walk-in closet, huge shower, jetted tub and double sinks. Two bedrooms share a Jack & Jill bath and the fourth bedroom has a full bath only steps away. Each full bath has bright windows. A rock wall in private yard and a private deck off the dining room. You will definitely find lovely surprise everywhere.

#5 ) Address:# 106 15241 18TH AV, King George Corridor, White Rock

March 09 F1128130 $244,000 $0 0%
March 24 F1128130 $229,000 $-15,000 -6%
May 01 F1128130 removed
May 11 F1212261 $219,000 $-25,000 -10%
June 06 F1212261 $209,000 $-35,000 -14%
June 23 F1212261 $199,000 $-45,000 -18%
August 08 F1212261 $189,000 $-55,000 -23%

Assessment: $242,000

CRANBERRY LANE 2 bedroom, 2 bath ground level, corner condo! Super location, you can walk to shopping, transportation and all other retail and recreational amenities. Two pets allowed, no age restriction, strata fee $237.41. Court approval of your offer is required.

#6 ) Address:# 109 1533 BEST ST, White Rock, White Rock

April 12 F1208996 $279,000 $0 0%
May 23 F1208996 $259,000 $-20,000 -7%
Open House: Jun 02
July 11 F1208996 $239,000 $-40,000 -14%
Open House: Jul 14
July 27 F1208996 $229,000 $-50,000 -18%
August 15 F1208996 $219,000 $-60,000 -22%

Assessment: $268,000

Tremendous opportunity to purchase a delightful 2 bedroom, 2 bath well maintained ground level unit on the quiet side of the building. Huge north west facing patio is private and secure perfect for an animal lover. This is a well kept unit, 2nd bedroom offers a Murphy bed and clever use of storage space. Huge kitchen with informal eating area overlooks open and bright L.R. and D.R. Building has been rain screened. A seismic upgrade, new windows, new roof and paint complete the package in this worry free building. Pets are welcome, no age restrictions NO rentals. No hills here! Within walking distance to shopping, transportation and nearby Peace Arch Hospital, White Rock Elementary & Earl Marriot

#7 ) 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

#8 ) 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
Open House: Jul 28

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.

#9 ) 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.

#10 ) 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

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.



2 responses to “White Rock Spotlight – August 27, 2012

  1. Merridith August 27, 2012 at 8:00 pm

    MLS listings in Quebec will be assigned RANDOM numbers (as opposed to the current method of them being consecutive). This means that buyers will no longer be able to “guess” how long a property has been listed. Is this happening here too?

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