You might think from the news that prices have fallen everywhere in White Rock/South Surrey real estate. A neighbourhood to neighbourhood analysis shows a different story.
The graph below shows that Elgin/Chantrell home prices have gone constantly up. White Rock and Morgan Creek areas have done the worst in the region. Over a 3 year and a 5 year period Elgin Chantrell and Sunnyside Park have done the best.
Bubble Fatigue? (being told prices will drop sharply and then they don't). Prices have dipped a little so many have sat on their wallets. After a while buyers get tired of waiting and jump in to the market. It would be different if mortgage rates were rising but they aren't, Read more
The new BC Home Assessments are out. Tax values in White Rock for detached homes have NOT declined with an average increase year to year of 3.175%. It is important to know that these 2013 property assessments are only an estimate of the market value as of July 1, 2012. You can find all the BC assessments online.