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When it comes to property value, South Surrey and White Rock addresses more than top the chart for the South Fraser Region.
They rule it.
On a list of the region’s 100 highest residential property values released Thursday by the BC Assessment Authority, addresses on the Semiahmoo Peninsula clinch all but five of the spots. The stronghold is maintained through the first 38 on the list, then broken at the $4.6 million mark by three Delta properties.
The five top-valued homes are all in the Ocean Park/West Sunnyside neighbourhood, with 2165 123 St. leading the charge, assessed at $10,546,000 for 2014. It’s followed by 2021 Indian Fort Dr., which has been assessed at $10,421,000; 2189 123 St. ($7,742,000); 13555 27 Ave. ($7,062,000); and 2063 Indian Fort Dr. ($6,638,000).
It’s unlikely that anyone wide-eyed at those values will find solace in the list detailing the province’s Top 500 valued properties. On that, the first Peninsula address (2165 123 St.) appears at #181; the second-ranked local home is 464th in B.C.
Topping the B.C. list is a property in Vancouver’s Kitsilano neighbourhood, assessed at $54,206,000. The next three properties are all in Point Grey, valued at $46,023,000, $28,624,000 and $25,557,000.
Eleven White Rock properties are in the South Fraser’s Top 100, with the highest-valued of those lots – at 14971 Prospect Ave. – assessed at $6,527,000.
Overall, the 2014 assessment rolls show a slight growth in total property values in most regions of B.C., with modest increases across most of the Lower Mainland.
Total residential property value in Surrey-White Rock increased by 1.98 per cent over 2013 (to $78.7 billion from $77.2 billion).
The Fraser Valley Real Estate Board (FVREB) – which includes Surrey, White Rock and North Delta – said its benchmark detached house price was up 1.9 per cent to $549,500 in December from a year ago.
Townhouses declined 1.0 per cent to $293,300 and apartments dropped 3.7 per cent to $192,600.
The Real Estate Board of Greater Vancouver said its composite benchmark price for detached houses climbed 2.5 per cent during the year to $927,000. Apartments were up 1.8 per cent to $367,800 and attached units were up 1.2 per cent to $456,100.