Vancouver Price Drop

Documenting Vancouver real estate price movements

White Rock Spotlight – November 11, 2012

It’s been a month so once again 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 21% drop to make this top 10.  The previous 4 months were 19%, 20%, 20% and 17%
  • 6 of 9 listings are now below assessment

#10 ) Address:# 402 15164 PROSPECT AV, White Rock, White Rock

March 09 F1124483 $1,129,000 $0 0%
March 31 F1124483 removed
August 21 F1221152 $927,900 $-201,100 -18%
September 21 F1221152 $911,900 $-217,100 -19%
October 24 F1221152 $889,900 $-239,100 -21%

Assessment: $1,052,000

1 sale here last year for 9% ABOVE assessment and this unit is currently listed at 15% BELOW assessment

Waterford Penthouse! An opportunity to enjoy south facing ocean view from this one of a kind 2000+ sqft, 3 bedroom/3 bath + den unit in concrete & steel framed condo. Bright & spacious open design, featuring hardwood floors, kitchen customstained cabinets, center work island, stainless steel appliances, granite counters, 2 fireplaces, 3 balconies affords views of Mt.Baker and ocean. Economical heating + A/C with individual heat pump, 2 parking + locker. Conveniently located, close to shops and transit. A perfect place to call home.


#9 ) Address:# 204 1320 FIR ST, White Rock, White Rock

December 20 F1129368 $169,900 $0 0%
April 20 F1129368 $164,900 $-5,000 -3%
June 08 F1129368 $157,900 $-12,000 -7%
September 11 F1129368 removed
September 22 F1223733 $139,900 $-30,000 -18%
November 10 F1223733 $129,900 $-40,000 -24%

Assessment: $178,100

2 sales here last year for an average of 3% BELOW assessment and this unit is now listed at 24% BELOW assessment.  Imagine being the person who paid $186K for a similar unit last May!

The best deal in White Rock! Well maintained 2 bdrm on quiet side of complex. Ready to move in now for adult buyer (50+) Shows well and has updated appliances. Walk to shops, bus, etc. Balcony is enclosed for added space. Priced well belowassessed value. Hurry!!! No rental or pets allowed.


#8 ) 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%
September 24 F1216442 removed
September 25 F1223927 $2,998,800 $-989,900 -25%

Assessment: Building Unfnished at time of assessment

This unique, beautifully handcrafted 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 homes handscraped Maple floors lead to 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.


#7 ) Address:2163 179TH ST, Hazelmere, White Rock

May 15 F1212657 $2,400,000 $0 0%
September 29 F1212657 removed
October 04 F1224470 $1,800,000 $-600,000 -25%

Assessment: $1,077,000

Prestigious Redwood Park Estates. Quiet one acre property with Southwest exposure & greenbelt. Master gardens, Koi Pond ,English Greenhouse. Interior renovation completed 2012 all European craftsmanship top to bottom.Spa master en suiteGourmet kitchen. Wonderful home for entertaining guests indoors and out* PDF download Brochure available explaining finishings &floor plan, over 100 pictures in and out, capturing world class gardens and inviting interior. Please preview .


#6 ) Address:# 206 15369 THRIFT AV, White Rock, White Rock

June 23 F1216411 $119,000 $0 0%
July 27 F1216411 $109,000 $-10,000 -8%
August 23 F1216411 $99,999 $-19,001 -16%
September 19 F1216411 removed
September 27 F1224127 $89,000 $-30,000 -25%

Assessment: $140,800

No units sold here last year.  This unit is currently 37% BELOW assessment

Wow!! Why rent when you can own this freehold unit in the heart of White Rock, just steps to new town developments, shops, restaurants, library, hospital and beach! The unit has been totally updated and looks/feels like new. Wellmaintained complex with new roof, pet friendly and free laundry! Low maintenance fee includes heat and hot water. Live near the beach in this prestigious location for way less than the accesses value!


#5 ) Address:# 206 1369 GEORGE ST, White Rock, White Rock

May 12 F1212478 $269,000 $0 0%
May 31 F1212478 $249,000 $-20,000 -7%
Open House: Jun 03
June 20 F1212478 $239,000 $-30,000 -11%
Open House: Jul 15
July 14 F1212478 $229,000 $-40,000 -15%
September 07 F1212478 $209,000 $-60,000 -22%
October 27 F1212478 $199,000 $-70,000 -26%

Assessment: $260,000

No units sold in this property last year.  Now listed 23% BELOW assessment

CAMEO TERRACE!!! Large one bedroom and den, could be a second bedroom. Great location, western exposed balcony with peek a boo view of the ocean. Engineered hardwood floors, wood blinds, Stainless appliances, breakfast bar.Great layout, spacious laundry with side by side washer & dryer. Shows well! Age restrictions, no rentals, small pet allowed.


#4 ) 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%
October 27 F1124941 $869,000 $-319,000 -27%

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!


#3 ) 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%
October 05 F1208996 removed
October 10 F1225069 $215,000 $-64,000 -23%
October 27 F1225069 $199,000 $-80,000 -29%

Assessment: $268,000

2 units sold in this property last year for an average of 3% BELOW assessment and this unit is currently listed 25% BELOW assessment.

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 LR and DR. Building has been rainscreened, seismic upgraded, new windows and paint complete the package. Pets are welcome, no age restrictions, NO rentals. No hills here! Within walking distance to shopping, transporation and nearby Peace Arch Hospital, White Rock Elementary & Earl Marriott.


#2 ) Address:2385 152A ST, King George Corridor, White Rock

March 09 F1123410 $699,000 $0 0%
March 31 F1123410 removed
April 21 F1210146 $898,888 $0 0%
June 08 F1210146 $599,880 $-299,008 -33%
August 09 F1210146 removed
October 04 F1224428 $589,000 $-309,888 -34%

Assessment: $465,100

Court order sale and subject to the court approval. Big lot and 2 story house about 36 yrs old. Schedule ” C ” must be attached withthe offer. Cheek with the city for change of higher zoning.


#1 ) Address:# 306 1371 FOSTER ST, White Rock, White Rock

October 18 F1125845 $225,000 $0 0%
November 27 F1125845 $219,785 $-5,215 -2%
September 01 F1125845 removed
October 04 F1224577 $119,900 $-105,100 -47%

Assessment: $228,200

1 sale here last year for 5% BELOW assessment (and this happened just back in October) and this unit is currently listed at 47% BELOW assessment.  I’m guessing the buyer in October didn’t take a look at the strata minutes…

Needs A Little Work, But Look At This Price, (note there is an upcoming assessment of approximately $63,000). You absolutely have to see this 2 bed, 2 bath top floor unit in the heart of White Rock. This unit boasts a large master bedroomwalk thru closet, lots of storage and an Ocean View. Great extra’s such as in suite laundry, updated kitchen, fresh paint, attractive crown mouldings and large balcony with ocean views. Walking distance to shopping dining and the beach, no rentals, 19 plus and pets allowed with restrictions.

One response to “White Rock Spotlight – November 11, 2012

  1. Groundhog November 15, 2012 at 8:10 am

    Price drop on #1 today to $109,900….Now under 50% of assessment price!

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