Read Full Story
I have sold a property at 11310 Surrey RD in Surrey.
BACKING ONTO CREEK WITH GREEN BELT! Views of mountains from the large sundeck. Located across the street from Invengary Nature Park, biking trails, hiking trails and walking paths to enjoy. The home has 3 bdrms up and a fully self contained 2 bdrm down, with separate entrance. New modern kitchen with Quartz counter tops, microwave hood fan, tiles, very nice. Updated bathroom, gorgeous shower down and Jacuzzi tub up. Skylight, large windows, gas fireplace and more. Fully fenced yard w/two storage sheds. Plenty of parking. Close to schools, shopping, transit. Great community! Nice home!
Read Full Story
I have sold a property at 50 20875 80th AVE in Langley.
THE PEPPERWOOD BY POLYGON. MASSIVE END UNIT! Wait till you see this clubhouse! Workout room, OUTDOOR POOL, HOTTUB, party room and floorhockey room. The unit itself is spectacular and does not face 208th street. 2 entrances and a lot of parking. Real hardwood throughout the unit. This place has barely been lived in and is like-new. Incredible open layout, plenty of light coming through windows, large bedrooms, the list goes on. Don't miss your chance to jump into affordable, like-new construction without the HST.
Read Full Story

 

     

Read Full Story

Conditions continue to favour buyers in the Greater Vancouver housing market

The summer of 2012 drew to a close in September with home sale activity well below historical averages in the Greater Vancouver housing market.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,516 in September, a 32.5 per cent decline compared to the 2,246 sales in September 2011 and an 8.1 per cent decline compared to the 1,649 sales in August 2012.

 

September sales were 41.6 per cent below the 10-year September sales average of 2,597.

 

“There’s been a clear reduction in buyer demand in the three months since the federal government eliminated the availability of a 30-year amortization on government-insured mortgages,” Eugen Klein, REBGV president said. “This makes homes less affordable for the people of the region.”

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,321 in September. This represents a 6.3 per cent decline compared to September 2011 when 5,680 properties were listed for sale on the MLS® and a 31.6 per cent increase compared to the 4,044 new listings in August 2012.

 

At 18,350, the total number of residential property listings on the MLS® increased 14.1 per cent from this time last year and increased 4.5 per cent compared to August 2012.

 

“Today, our sales-to-active-listings ratio sits at 8 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said.

 

The MLS HPI® composite benchmark price for all residential properties in Greater Vancouver is $606,100. This represents a decline of 0.8 per cent compared to this time last year and a decline of 2.3 per cent over last three months.

 

“Prices in the region remain relatively stable overall, although we do see some reductions in the areas that have had some of the largest price increases over the last year or two,” Klein said.

 

Sales of detached properties on the MLS® in September 2012 reached 594, a decrease of 37.9 per cent from the 957 detached sales recorded in September 2011, and a 31.4 per cent decrease from the 866 units sold in September 2010. The benchmark price for detached properties decreased 0.5 per cent from September 2011 to $935,600.

 

Sales of apartment properties reached 676 in September 2012, a 26.7 per cent decrease compared to the 922 sales in September 2011, and a decrease of 30.4 per cent compared to the 971 sales in September 2010. The benchmark price of an apartment property decreased 0.7 per cent from September 2011 to $368,600.

 

Attached property sales in September 2012 totalled 246, a 33 per cent decrease compared to the 367 sales in September 2011, and a 35.8 per cent decrease from the 383 attached properties sold in September 2010. The benchmark price of an attached unit decreased 2.7 per cent between September 2011 and 2012 to $458,600.

Download the complete stats package by clicking here.

Post CommentComments: 0Read Full Story

Buyers take ‘wait and see’ approach for single family homes; condos holding their own

October, 02 2012 09:54:26 am, by FVREB
Categories: Statistics

For the second month in a row, property sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) have decreased to historically low levels.  In September, a total of 857 sales were processed on the MLS®, a decrease of 26 per cent compared to 1,165 sales in September 2011 and 20 per cent fewer than in August.

Scott Olson is the president of the Board. “Our market was very stable up until July and then within two months it changed.

“The federal government’s tightening of mortgage rules this past spring may be having an effect. We’ve seen this pattern before when rules have changed and hopefully given the strength of our local economy and stability of interest rates, this slowdown will be short term.”

Olson adds that properties offering more affordability remain in demand. “Sales of more expensive homes – single family detached – have decreased disproportionately more than the sales of townhomes and apartments. In fact, apartment sales last month in Surrey, Langley and White Rock were higher or comparable to September of last year keeping prices across the Fraser Valley resilient.”

Over the last three months, prices for all three residential property types combined have decreased by 0.4 per cent while year over year they’ve increased by 2.1 per cent.  For single family detached homes, the benchmark price increased by 3 per cent in one year, going from $533,400 in September 2011 to $549,500 last month. 

For townhouses, the benchmark price in September was $300,500, a decrease of 1.7 per cent compared to $305,700 during the same month last year. The benchmark price of apartments in Fraser Valley in September was $207,000, an increase of 4.1 per cent compared to $198,800 in September 2011.

Last month, the Board received 4 per cent fewer listings than it did one year ago, 2,544 in September 2012 compared to the 2,651 in September 2011. The number of active listings finished at 10,348 in September, 2 per cent higher than the same month last year, yet on par with the number available on the market in August.

It took four days longer on average to sell a detached home last month compared to September 2011 – 49 days compared to 45. Townhouses sold in an average of 57 days in September compared to 52 last year and last month, apartments took 69.5 days on average to sell compared to 63 during September of last year.

See the full statistics package for September here.

Read Full Story
Categories: #tax #news #realestate | 1st time buyer | Abbotsford East, Abbotsford Real Estate | Abbotsford West, Abbotsford Real Estate | Aldergrove Langley, Langley Real Estate | B.C. First-Time New Home Buyers' Bonus | BC, Home Owner Grant | Bear Creek Green Timbers, Surrey Real Estate | Birchland Manor, Port Coquitlam Real Estate | Bolivar Heights, North Surrey Real Estate | Bolivar Heights, Surrey Real Estate | Brentwood Park, Burnaby North Real Estate | Bridgeview, North Surrey Real Estate | Brookswood Langley, Langley Real Estate | Burke Mountain, Coquitlam Real Estate | Burnaby | Burnaby Hospital, Burnaby South Real Estate | Canada Day | Canyon Springs, Coquitlam Real Estate | Cariboo, Burnaby North Real Estate | Cedar Hills, North Surrey Real Estate | Central Abbotsford, Abbotsford Real Estate | Central Coquitlam, Coquitlam Real Estate | Central Lonsdale, North Vancouver Real Estate | Central Meadows, Pitt Meadows Real Estate | Central Park BS, Burnaby South Real Estate | Central Pt Coquitlam, Port Coquitlam Real Estate | Chineside, Coquitlam Real Estate | Citadel PQ, Port Coquitlam Real Estate | Clayton, Cloverdale Real Estate | Cloverdale | Cloverdale BC, Cloverdale Real Estate | Cloverdale, Cloverdale Real Estate | CMHC | Collingwood Vancouver East, Vancouver East Real Estate | Collingwood VE, Vancouver East Real Estate | Coquitlam | Coquitlam East, Coquitlam Real Estate | Coquitlam Real Estate | Coquitlam West, Coquitlam Real Estate | Cottonwood MR, Maple Ridge Real Estate | Country Line Glen Valley, Langley Real Estate | Crescent Bch Ocean Pk., South Surrey White Rock Real Estate | Downtown NW, New Westminster Real Estate | Downtown VE, Vancouver Real Estate | Downtown VW, Vancouver West Real Estate | East Burnaby, Burnaby East Real Estate | East Burnaby, Burnaby Real Estate | East Central, Maple Ridge Real Estate | East Newton, Surrey Real Estate | East Richmond, Richmond Real Estate | Edmonds BE, Burnaby East Real Estate | Fairview VW, Vancouver West Real Estate | financing | Fleetwood Tynehead, Surrey Real Estate | Forest Hills, Langley Real Estate | Fraser Heights, North Surrey Real Estate | Fraser Heights, Surrey Real Estate | Fraser Valley | Fraser VE, Vancouver East Real Estate | Fraserview NW, New Westminster Real Estate | Fraserview VE, Vancouver East Real Estate | Glenwood PQ, Port Coquitlam Real Estate | Government Road, Burnaby North Real Estate | Grandview Surrey, South Surrey White Rock Real Estate | Grandview VE, Vancouver East Real Estate | Grandview VE, Vancouver Real Estate | Guildford, North Surrey Real Estate | Guildford, Surrey Real Estate | Heritage Mountain, Port Moody Real Estate | Heritage Woods PM, Port Moody Real Estate | Highgate, Burnaby South Real Estate | Insurance | King George Corridor, South Surrey White Rock Real Estate | Kitsilano, Vancouver West Real Estate | Kitslano, Vancouver West Real Estate | Knight, Vancouver East Real Estate | Langley | Langley City, Langley Real Estate | Maillardville, Coquitlam Real Estate | Mary Hill, Port Coquitlam Real Estate | Meadow Brook, Coquitlam Real Estate | Metrotown, Burnaby South Real Estate | Mid Meadows, Pitt Meadows Real Estate | Mission BC, Mission Real Estate | Mission, Mission Real Estate | Montecito, Burnaby North Real Estate | Morgan Creek, South Surrey White Rock Real Estate | Mortgage | Mount Pleasant VE, Vancouver East Real Estate | Mount Pleasant VW, Vancouver West Real Estate | Murrayville, Langley Real Estate | Nordel, Delta Real Estate | Nordel, N. Delta Real Estate | Nordel, North Delta Real Estate | North Coquitlam, Coquitlam Real Estate | North Shore Pt Moody, Port Moody Real Estate | North Shore, Port Moody Real Estate | Oakdale, Burnaby North Real Estate | Oxford Heights, Port Coquitlam Real Estate | Pacific Douglas, Surrey Real Estate | Point Grey, Vancouver West Real Estate | Port Moody Centre, Port Moody Real Estate | Port Moody Real Estate | Postal Code | Promontory, Sardis Real Estate | Quay, New Westminster Real Estate | Queen Mary Park Surrey, Surrey Real Estate | Queensborough, New Westminster Real Estate | Real estate | real estate, mortgage, interest rate | Realestate | rebates | Riverwood, Port Coquitlam Real Estate | Sapperton, New Westminster Real Estate | Scottsdale, N. Delta Real Estate | seminar | Sold | South Arm, Richmond Real Estate | South Meadows, Pitt Meadows Real Estate | South Slope, Burnaby South Real Estate | South Vancouver, Vancouver East Real Estate | Southwest Maple Ridge, Maple Ridge Real Estate | Sperling-Duthie, Burnaby North Real Estate | Statistics | statistics, greater vancouver | statistics, real estate, Fraser Valley | Sullivan Heights, Burnaby North Real Estate | Sullivan Station, Surrey Real Estate | Sunnyside Park Surrey, South Surrey White Rock Real Estate | Sunshine Hills Woods, N. Delta Real Estate | Surrey | Surrey Real Estate | Surrey, Surrey Real Estate | Tips | Uptown NW, New Westminster Real Estate | Vancouver | Vancouver West Real Estate | Walnut Grove, Langley Real Estate | West Cambie, Richmond Real Estate | West End VW, Vancouver West Real Estate | West Newton, Surrey Real Estate | Westwood Plateau, Coquitlam Real Estate | Whalley, North Surrey Real Estate | Whalley, Surrey Real Estate | Whispering Hills, Maple Ridge Real Estate | White Rock | White Rock, South Surrey Real Estate | White Rock, South Surrey White Rock Real Estate | White Rock, Surrey Real Estate | White Rock, White Rock Real Estate | Willingdon Heights, Burnaby North Real Estate | Willoughby Heights, Langley Real Estate | Willoughby, Langley Real Estate | Yaletown, Vancouver West Real Estate | Yarrow, Yarrow Real Estate
Categories