Vancouver Price Drop

Documenting Vancouver real estate price movements

Delta Spotlight – October 31, 2012

It’s been a month so once again here are the top 10 properties currently listed in Ladner, Tsawwassen and North Delta with the largest overall drop in asking price since early March.  No comments from me other than any unit sales in the case of a condo for these spotlights because it’s just too time consuming to read through everything when doing 13 spotlights

Some Highlights

  • It takes a 15% drop to make this top 10.  Previous 4 months were 14%, 14%, 11% and 9%
  • 3 of 9 listings are now below assessment

#10 ) Address:11672 64A AV, Sunshine Hills Woods, North Delta

April 14 F1209296 $788,000 $0 0%
May 15 F1209296 $749,000 $-39,000 -5%
August 17 F1209296 $709,000 $-79,000 -10%
September 20 F1209296 $695,000 $-93,000 -12%
September 26 F1209296 $680,000 $-108,000 -14%
October 26 F1209296 $670,000 $-118,000 -15%

Assessment: $538,100

RARE IN THE HILLS…HIGH END RENOVATIONS…Dream Kitchen, 6 Stainless appliances, granite, custom cabinets, large eating area & dining area. 2 entrances to large back deck and private fenced yard. MASTER has ensuite, walk-in closet. 2nd bedroom a young gals DREAM, walk-in closet, vanity & dressing room. A 3rd BEDROOM can be added upstairs if needed. CHEYANNE doors, updated hardware, decorative insets for artwork,hardwood floors, extensive crown, designer gas fireplaces, 5 skylights. BEDROOM in bsmt, full bathroom, awesome MEDIA ROOM, recessed lighting, custom hidden surround system, area for 65″ TV. 2nd gas fireplace, office, storage, workshop, double garage, RV park, DELUXE PLAYHOUSE. WORTH YOUR TIME TO VIEW!!

#9 ) Address:674 52ND ST, Tsawwassen Central, Tsawwassen

June 14 V885339 $1,298,000 $0 0%
July 20 V885339 $1,199,000 $-99,000 -8%
November 15 V885339 $1,149,000 $-149,000 -11%
June 12 V885339 $1,098,000 $-200,000 -15%
Open House: Sep 23

Assessment: $855,000

Fantastic, custom built, new home (no HST applicable) situated conveniently close to high school on a super sunny, fully fenced, 10,000 sq. ft. plus lot offering complete luxury throughout! This home truly exudes fine finishings and gives something special to each member of its family. 3 car garage, fantastic gourmet kitchen w/ Butler’s pantry & secondary “summer” kitchen, stainless steel appliances, delightfully elegant living & dining room, grand room concept – lots of bedrooms w/ full ensuites, steam shower in master ensuite & walk-in closets. Well priced. Too good! Don’t wait too long!

#8 ) Address:# 5 4766 55B ST, Delta Manor, Ladner

June 15 V956757 $615,000 $0 0%
Open House: Jun 16
Open House: Jun 24
June 22 V956757 $599,900 $-15,100 -2%
Open House: Jul 07
July 10 V956757 $589,900 $-25,100 -4%
July 23 V956757 removed
September 29 V974049 $545,000 $-70,000 -11%
October 17 V974049 $527,000 $-88,000 -14%
October 25 V974049 $519,000 $-96,000 -16%
Open House: Oct 27

Assessment: $528,000

5 sales here last year averaging 4% BELOW assessment and this unit is currently listed 2% BELOW assessment

Manor Gardens – spacious 1778 sq ft three bedrooms/three bathroom unit with family room on lower level & easy access to the perfectly sized backyard! Hardi-plank siding, 2-5-10 year warranty included, shows like new! Main floor features warm engineered hardwood flooring, open concept living/dining room, kitchen with granite countertops & more! Upper floor has three spacious bedrooms, master bdrm , cozy window seat for curling up with a book. Lower floor has unique finished (20’x8′ approx) family room (roughed-in plumbing in place for 4th bathroom if desired). Large 26×12′ garage (approx) + more parking. Great complex!

#7 ) Address:6772 WESTVIEW DR, Sunshine Hills Woods, North Delta

May 30 F1214090 $725,000 $0 0%
July 07 F1214090 $708,000 $-17,000 -2%
Open House: Jul 22
July 28 F1214090 $658,800 $-66,200 -9%
September 27 F1214090 removed
October 04 F1224434 $629,900 $-95,100 -13%
Open House: Oct 06
October 23 F1224434 $609,000 $-116,000 -16%

Assessment: $628,000

Fantastic family home with large yard for the kids to play! This country style home complete with appealing front porch. Very private from the road and private backyard. Inside has had updates galore! Including laminate flooring throughoutthe living-room and dining room area. LVRoom has a beautiful bay window and focal fireplace, a great entertaining space. The bright and airy kitchen has updated granite countertops with an island for the chef of the home. Open concept family RM area attached to kitchen that conveniently looks onto the large patio area. Great spot for BBQ’s! Newer tank-less hot water heater! Tons of parking! Close to schools, recreation and trails!

#6 ) Address:830 ENGLISH BLUFF RD, Tsawwassen Central, Tsawwassen

August 23 V967686 $789,000 $0 0%
September 07 V967686 $708,980 $-80,020 -10%
Open House: Sep 13
Open House: Sep 16
Open House: Sep 30
October 05 V967686 $658,000 $-131,000 -17%
Open House: Oct 08

Assessment: $655,000

Carefree living on English Bluff Road. One owner home that has been meticulously maintained! New roof, new engineered H/W floor, new boiler, new carpets, new paint. Easy care vinyl siding. Combined living dining area. Master bedroom with 4 pce ensuite. 2 more good size bedrooms. Great covered patio area off the kitchen/family room. The upgrades to this home have done to the highest standard.

#5 ) Address:11896 – 11898 75A AV, Scottsdale, North Delta

March 09 F1204743 $849,000 $0 0%
April 20 F1204743 $795,000 $-54,000 -6%
May 22 F1204743 removed
July 24 F1219065 $700,000 $-149,000 -18%
Open House: Aug 01

Assessment: $579,000

Fantastic opportunity here! HUGE LOT – 14,800 SF! Meets size requirements for sub-division! This side by side duplex has the potential to be whatever you like. Subdividein to 2 RS7 lots, invest and collect the revenue, live in one side or build your dream home on the massive lot. Its close to transit, schools, shopping and restaurants. Both 1477 sqft, 3 bed/3 bath homes have been well cared for by both owner and tenants. An incredible value, not to be missed.

#4 ) Address:1240 PACIFIC DR, English Bluff, Tsawwassen

April 05 V941413 $829,000 $0 0%
May 12 V941413 $795,000 $-34,000 -4%
Open House: May 19
June 02 V941413 $749,000 $-80,000 -10%
June 15 V941413 removed
June 25 V958398 $749,000 $-80,000 -10%
August 29 V958398 $729,000 $-100,000 -12%
October 13 V958398 $675,000 $-154,000 -19%
Open House: Oct 14

Assessment: $688,000

Immaculate 2,645 sq ft 4 bdrm executive-style home on one of Tsawwassen’s finest streets. Vews of Mt Baker and Boundary Bay, open floor plan with a large kitchen opening up to huge south facing rear deck and garden area, perfeect for entertaining family and friends. Over $50,000 recently spent on updates including new roof, paint, granite kitchen countertop, fixtures. King size master bedroom.. Quality 2 x 6 construction, solid oak floors, wonderfully landscaped low maintenance yard with adjacent green space. Newer furnace & hot water tank. Nothing to do but move in!

#3 ) Address:492 ENGLISH BLUFF RD, Pebble Hill, Tsawwassen

March 10 V936457 $1,100,000 $0 0%
May 30 V936457 $975,000 $-125,000 -11%
August 17 V936457 $940,000 $-160,000 -15%
October 26 V936457 $895,000 $-205,000 -19%

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.

#2 ) Address:6570 68TH ST, East Delta, Ladner

March 09 V891554 $2,380,000 $0 0%
June 02 V891554 removed
October 14 V976666 $2,999,880 $0 0%
October 27 V976666 $2,290,000 $-709,880 -24%

Assessment: Farm Land

20+/- acres blueberry farm. Approximate 6 years old plants. OT home rents $1,000 pm – tenants long time like to stay. Drip irrication. Plse Call LS to show. Do not show up without appointments. Do not disturb tenants. Call LS re all info. Build new home. Great location. Approximates 9 ac Duke & 6 ac Blue Crop balance Illiot-3years old. Approximate sizes. Try Home in trade.

#1 ) 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
Open House: Jul 29
Open House: Sep 16
September 30 V954106 removed
October 18 V977058 $1,689,000 $-611,000 -27%
Open House: Oct 21

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 a 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.


6 responses to “Delta Spotlight – October 31, 2012

  1. Kits October 31, 2012 at 10:31 am

    Thx very much for your insights! Can you please review West Van next? Also, if you know the person who had the re.olvius website … can you please encourage that person (assuming they will not get in trouble or be sued) to light it up again!! It was a very, very useful site.

    • an observer October 31, 2012 at 10:34 am

      I do it alphabetically more or less so west van will be near the end so probably Friday

      I don’t know the re.olvius site owner but I agree it is too bad he stopped.

      • anonymous October 31, 2012 at 7:32 pm

        Tthat site went offline the same week some posters put up the link in the Chinese forums that sell ad spaces to real estate agents.and also promote group-sale of pre-sale condos.

  2. Cris October 31, 2012 at 1:46 pm

    Thanks for the post. Would you do one for North Van soon?

  3. overthepond November 1, 2012 at 10:59 am

    Thanks for the post, can you also do one for…..

    Nahhhh, I’m kidding 😉

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