Vancouver Price Drop

Documenting Vancouver real estate price movements

Surrey Spotlight – November 4, 2012

It’s been a month so once again here are the top 10 properties currently listed in Surrey (not including South Surrey) with the largest overall drop in asking price since early March.

Some Highlights

  • It now takes a 22% drop to make this top 10.  The previous 4 months have been 20%, 19%, 16% and 16%
  • 7 of 10 listings are now below assessment

#10 ) Address:14896 60TH AV, Sullivan Station, Surrey

July 08 F1217671 $1,150,000 $0 0%
September 17 F1217671 removed
September 29 F1224233 $900,000 $-250,000 -22%

Assessment: $1,287,000

This beautiful park like property is a great development opportunity. This 16,600 sqft property has been designated mixed commercial/residential in the front. The large 3 level split family home features 4 bedrooms and recreation/games room. Home has been updated. Live in the house and develop later.


#9 ) Address:# 113 9765 140TH ST, Whalley, North Surrey

June 02 F1214375 $179,900 $0 0%
June 28 F1214375 $168,500 $-11,400 -6%
August 26 F1214375 removed
September 06 F1222247 $150,000 $-29,900 -17%
November 01 F1222247 $140,000 $-39,900 -22%

Assessment: $190,100

FRASER GATE – 1 BED/1 BATH ground floor unit. Prime location, close to all amenities and transit. Property is priced to sell, call today to arrange a viewing. * PREC – Personal Real Estate Corporation


#8 ) Address:13808 – 13810 117TH AV, Bolivar Heights, North Surrey

August 17 F1220993 $325,000 $0 0%
September 05 F1220993 $249,800 $-75,200 -23%

Assessment: $236,200

Industrial property with great upside. Located next to South Fraser Perimeter Road, this corner lot features a large 20×18 shop with power. House on the property needs work. All details are approximate and to be verified if deemed importantby buyer.


#7 ) Address:14559 82ND AV, Bear Creek Green Timbers, Surrey

April 02 F1118229 $729,000 $0 0%
August 31 F1118229 removed
September 14 F1222975 $550,000 $-179,000 -25%

Assessment: $562,000

Property contains accommodation which is not authorized.


#6 ) Address:16920 96TH AV, Fleetwood Tynehead, Surrey

March 09 F1111545 $799,000 $0 0%
March 10 F1111545 $720,000 $-79,000 -10%
March 15 F1111545 removed
May 21 F1213186 $650,000 $-149,000 -19%
July 04 F1213186 removed
July 07 F1217342 $629,980 $-169,020 -21%
September 29 F1217342 removed
October 05 F1224795 $599,890 $-199,110 -25%

Assessment: $621,000

CHEAPEST 1 ACRE IN ALL OF FLEETWOOD!! BUILD YOUR DREAM HOME AT A FRACTION OF THE PRICE!! This beautiful 1 acre lot has NO easements, NO right of ways, NO hydro lines (only small creek through very top corner of property near road). Old house burned down. Completely cleared and cleaned as per city requirement. PRICED AT AN AMAZING PRICE and the only lot in a million dollar neighborhood!! Buy and build your dream home in one of the best areas in Surrey. PRICED TO SELL FAST AND WILL NOT LAST!!


#5 ) Address:# 105 9632 120A ST, Cedar Hills, North Surrey

March 09 F1203816 $189,900 $0 0%
May 10 F1203816 removed
May 11 F1212212 $179,900 $-10,000 -5%
June 06 F1212212 $169,900 $-20,000 -11%
June 27 F1212212 $159,900 $-30,000 -16%
August 09 F1212212 $149,900 $-40,000 -21%
August 23 F1212212 removed
October 12 F1225175 $144,900 $-45,000 -24%
October 26 F1225175 $139,900 $-50,000 -26%

Assessment: $203,900

2nd Largest unit in the complex, 2 bedroom ground floor unit which is 1354 sqft with a large patio off the living room. Great location close to Scott Rd and 96th. No rental restrictions and pet friendly building. Close to shopping, transportation and parks.


#4 ) Address:13814 117TH AV, Bolivar Heights, North Surrey

March 09 F1124198 $369,000 $0 0%
April 16 F1124198 removed
June 19 F1215928 $339,500 $-29,500 -8%
July 12 F1215928 $299,000 $-70,000 -19%
August 29 F1215928 $279,000 $-90,000 -24%
October 05 F1215928 $255,000 $-114,000 -31%

Assessment: $339,300

Huge 10,530 square feet lot, great opportunity for builder and investor, bring your ideas and offer. Land value, sell “As is” “Where is”.


#3 ) Address:9267 188TH ST, Port Kells, North Surrey

March 09 F1129462 $1,788,000 $0 0%
March 17 F1129462 removed
May 29 F1213865 $1,399,000 $-389,000 -22%
July 24 F1213865 $1,150,000 $-638,000 -36%
August 24 F1213865 $1,089,000 $-699,000 -39%
October 25 F1213865 $1,069,000 $-719,000 -40%

Assessment: $1,171,000

INVESTOR ALERT! IN THE PORT KELLS NCP FOR FUTURE DEVELOPMENT. Over an 1.22 acres of flat and usable land. In the mean time, a huge, gorgeous home perfect for the property owner and their family, or a terrific revenue property to rent out.Many updates to the house include flooring, paint, etc and 3 generously-sized rooms with an additional, massive rec room. Very quiet area with tons of yard for kids, entertaining, hobbies or your landscaping dreams. Double garage for working on the car(s), woodworking and all your other activities. WILL ACCEPT TRADES.


#2 ) Address:7964 168TH ST, Fleetwood Tynehead, Surrey

April 26 F1210712 $950,000 $0 0%
October 03 F1210712 removed
October 16 F1225428 $519,900 $-430,100 -45%

Assessment: $429,200

Prime corner property as part of a land assembly or to hold for future development. Great high visibility property to use for a home business! Very solid house on this fully fenced property that Seller would rent back if required by the buyer. All services very close. Please do NOT enter the property without an appointment. Buyer to do their own investigations.


#1 ) Address:14120 TRITES RD, Panorama Ridge, Surrey

March 09 F1203674 $1,980,000 $0 0%
March 22 F1203674 removed
March 23 F1207274 $1,189,900 $-790,100 -40%
June 23 F1207274 $1,139,000 $-841,000 -42%
August 02 F1207274 removed
August 04 F1220063 $1,089,000 $-891,000 -45%
September 27 F1220063 $1,039,000 $-941,000 -48%

Assessment: $1,017,000

PANORAMA RIDGE – Private Estate – 5191 sqft, 1.41 ACRE 2 storey w/basement. Great STREET APPEAL. Situated on a very private treed road. Spacious floor plan with 20′ vaulted ceilings in both family & living room (features grand stone fireplace), hardwood & tile flooring throughout main. Large ‘gourmet’ kitchen + additional spice kitchen & large W/I pantry. Up – Large master with private patio, full ensuite & soaker tub, an additional 4 oversized bedrooms are also located upstairs. Down – Is currently partially finished, potential for optional media/recreation and/or gym. Back – Features a very private view of the valley + densly treed location. Call now to arrange a viewing. * PREC – Personal Real Estate Corporation

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