Vancouver Price Drop

Documenting Vancouver real estate price movements

Langley Area Spotlight – November 2, 2012

It’s been a month so once again here are the top 10 properties currently listed in Langley, Cloverdale and Abbotsford with the largest overall drop in asking price since early March.

Some Highlights

  • It takes a 26% drop to make this top 10. The previous 4 months have been 25%, 26%, 23% and 20%
  • 2 of 8 listings are now below assessment

#10 ) Address:29972 FRASER HY, Aberdeen, Abbotsford

March 09 F1117674 $2,150,000 $0 0%
July 10 F1117674 removed
August 08 F1220221 $1,599,000 $-551,000 -26%

Assessment: $900,000

Gorgeous 3.7 acres with 3789 sqft, 8 yr old dream house and older 4 bedroom house on the Fraser Highway near Mt.Lehman road exit. Possible expansion or rezoning potential. Great for truckers and nursery. Meas taken from plan, call for moreinfo.


#9 ) Address:25978 60TH AV, County Line Glen Valley, Langley

May 29 F1213898 $1,988,000 $0 0%
July 24 F1213898 $1,700,000 $-288,000 -14%
October 01 F1213898 $1,455,000 $-533,000 -27%

Assessment: Building Unfinished

STEP THROUGH 81/2ft DOUBLE MOHOGANY DOORS INTO LATEST ISSUE OF VERANDA MAGAZINE WHERE OLD WORLD CHARM MEETS MODERN SOPHISTICATION AND ELEGANCE.Two storey 4120sq.ft. on main plus entertainment floor above with 12′ ceilings throughout and stunning beautiful open floor plan.High end kitchen with furniture style recessed doors, 6 burner gas range, thermador fridge,builtin Fisher Paykel double drawer fridge/freezer and double drawer d/w,Blanco deep sinks, Carrera marble counters, entertainment size island and pantry.Huge master with private patio,dream ensuite with Kohler 6 head glass shower,dual vanity,Bain Ultra Tekura spa tub and more.Doors are 8′ and solid wood,floors are 18×24 tumbled Egyptian limestone with pebbled inlay border and carpets are wool. LUXURY On 4.2 USABLE ACRES WITH TWO ROAD FRONTAGES. READY FOR YOUR DREAM LIFESTYLE.


#8 ) Address:# 16 17700 60TH AV, Cloverdale BC, Cloverdale

March 09 F1205311 $98,900 $0 0%
June 29 F1205311 removed
September 14 F1222892 $122,900 $0 0%
October 19 F1222892 $89,900 $-33,000 -27%

Assessment: $81,700

2 sales last year averaging 1% BELOW assessment and this unit is still listed 10% ABOVE assessment.

Priced for an immediate SALE! Bright Open Floor Plan. Maintenance fee also includes heat and hot water. Great location – Walking distance to all amenities – On Bus Route – Easy Access to Hwy#15& Hwy#10. Why Rent? When you can OWN! OFFER!


#7 ) Address:27752 MONTESINA AV, Aberdeen, Abbotsford

May 25 F1213526 $2,750,000 $0 0%
July 12 F1213526 $2,000,000 $-750,000 -27%
August 29 F1213526 $1,999,000 $-751,000 -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 deckoff 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!


#6 ) Address:# 337 19528 FRASER HY, Cloverdale BC, Cloverdale

August 16 F1220860 $239,000 $0 0%
September 10 F1220860 removed
October 05 F1224295 $174,900 $-64,100 -27%
October 28 F1224295 $170,000 $-69,000 -29%

Assessment: $174,000

4 sales in this last year averaging 1% ABOVE assessment and this unit is currently priced at 2% BELOW assessment

Your new home at “The Fairmont ” – View this Clean, Large 1 Bedroom and Den (could be a 2 Bedroom), 850 sq.ft., on the Top Floor, facing north, with 2 parking spots . Other features include high ceilings, gas fireplace, private deck,and deep soaker tub. This building is in a quiet location, with great amenities (guest suite, fitness room, sauna, club house). Steps to Willowbrook Mall, Restaurants, Buses. Easy to Show.


#5 ) Address:34161 SUMMERHILL PL, Central Abbotsford, Abbotsford

May 18 F1213003 $1,195,000 $0 0%
June 08 F1213003 $995,000 $-200,000 -17%
August 17 F1213003 $925,000 $-270,000 -23%
October 19 F1213003 $849,000 $-346,000 -29%

Assessment: $700,700

This home really has it all inside and out, in fact it’s a veritable playground. The home functions extremely well with master bdrm on main and two massive bedrooms upstairs; these rooms are sure to aid in spoiling any child. The bsmt is finished and becomes the perfect access to what is probably one of the nicest backyards in town, featuring a gorgeous pool, outdoor kitchen, hot tub, massive stamped patio area surrounded by gorgeous landscaping on a 1/3 acre lot, & more. Come check out the extras which are too numerous to list here.


#4 ) Address:# 4 20837 LOUIE CR, Walnut Grove, Langley

May 26 F1210850 $109,000 $0 0%
June 08 F1210850 $99,000 $-10,000 -9%
Open House: Jul 22
Open House: Sep 16
September 22 F1210850 $75,000 $-34,000 -31%
Open House: Sep 30

Assessment: No Assessment

Cute as a button, bright and open one bedroom float home in Grant’s Landing just minutes from Derby Reach Park. Peaceful setting, floating on the Fraser, yet just 5 minute drive to shopping. Sunny Solarium plus two spacious decks. Yellowcedar floors, new washer and dryer – the perfect home for one of two. Long term secure moorage at $825 monthly.


#3 ) 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%
October 27 F1210945 $114,000 $-55,900 -33%

Assessment: $133,300

3 units sold in this property last year for an average of 1% ABOVE assessment and this unit is now listed for 15% BELOW assessment

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, walkingdistance to restaurants, pubs, grocery stores and more. No age or rental restrictions. Great investment!!


#2 ) Address:15490 48TH AV, Serpentine, Cloverdale

March 09 F1200306 $1,399,999 $0 0%
June 06 F1200306 removed
August 10 F1220429 $895,000 $-504,999 -36%

Assessment: $734,900

Court ordered sale. 5 acre parcel of land with a 5 bedroom, 4 bath home located on a quiet no thru road. * PREC – Personal Real Estate Corporation


#1 ) Address:5848 175TH ST, Cloverdale BC, Cloverdale

February 25 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.

2 responses to “Langley Area Spotlight – November 2, 2012

  1. Anon November 2, 2012 at 5:41 pm

    Attention BC Assessment employees:
    Increase the assessment on this property and see if owner will dispute.

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