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Westcoast Condominium
There were plenty of Surrey buyers and sellers dreaming of a condo for Christmas last month. While the 133 sales in the city were down over November by a little over six per cent, they were 43 per cent higher than December 2014. Median sales prices for last month also tell an interesting story. These were higher compared with December 2014 in South and North Surrey, but lower in Central Surrey and Cloverdale.
Fleetwood Tynehead
With 26 active condo listings, this Surrey neighbourhood has lots to offer including handy access to a town centre, library, community centre and parks. Prices start at $109,900 for a studio apartment in a 36-year-old building that came on the market in mid-December. The current priciest option is a two-bedroom in the brand-new Manarola development on 160th Street: $317,900. Now under construction, this development is close to completion and over 50 per cent sold. Eleven units are currently listed, starting at $284,900.
Recent sales at Manarola would seem to indicate a developer who’s willing to play ball. A two-bedroom unit spent a month on the market before an offer of six per cent under asking ($314,900) was accepted in mid-December. Another pre-Christmas sale in Fleetwood Tynehead was for a two-bedroom home in the Abbey Road complex that went for $233,000 – one per cent less than its $235,000 asking price.
Elgin Chantrell
This South Surrey neighbourhood is as close to Crescent Beach as you can come with condo living. All eight of the area’s active listings are along King George Boulevard, with all but one of them in the same building, Watermark. Prices start at $217,500 for a one-bedroom. This one is a court-ordered sale; it could prove to be a solid investment as it is currently rented for $1,200 a month. The most expensive Watermark listing is a two-bedroom that’s asking $349,000. It’s a bright corner unit with 963 square feet in an open-concept plan.
The only area listing not in Watermark is next door in the High Street complex. It’s a one-bedroom unit with an asking price of $324,700.
Surrey Market Snapshot
