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Monday, November 24, 2014

Real Estate Statistics for the Fraser Valley | November 2014

SURREY, BC – The Fraser Valley Real Estate Board processed 1,448 sales on its Multiple Listing Service (MLS®) in October, an increase of 16 per cent compared to the 1,249 sales during the same month last year and 2 per cent more than in September.

 

Ray Werger, the Board’s president, says, “Sales overall continue to outperform last year and as we’ve seen for a number of months now are the best they’ve been in five years.

 

“Demand remains steady in our region for single family detached homes and townhomes. Last month, the market share of sales of single family homes increased by almost five per cent compared to last year; while the share of condo sales decreased by the same amount and we’re seeing that preference reflected in prices.”

 

The MLS® Home Price Index (MLS® HPI) benchmark price of a detached home in October...

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Monday, November 24, 2014

Real Estate Statistics for Greater Vancouver | November 2014

Metro Vancouver home sales above average in October

 

VANCOUVER, B.C. – November 4, 2014 – Home sales in the Metro Vancouver* housing market continue to outpace long-term averages for this time of year.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,057 on the Multiple Listing Service® (MLS®) in October 2014.

 

This represents a 14.9 per cent increase compared to the 2,661 sales in October 2013, and a 4.6 per cent increase over the 2,922 sales in September 2014.

 

Last month’s sales were 16.6 per cent above the 10-year sales average for October. “We’ve seen strong and consistent demand from home buyers in Metro Vancouver throughout this year. This has led to steady increases in home prices of between four and eight per cent depending on the property,”...

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Wednesday, October 15, 2014

Real Estate Statistics for the Fraser Valley | October 2014

SURREY, BC – The Fraser Valley Real Estate Board processed 1,419 sales on its Multiple Listing Service (MLS®) in September, an increase of 25 per cent compared to the 1,131 sales during the same month last year, and an increase of 9 per cent compared to sales in August.

Ray Werger, the Board’s president, says, “Similar to this past summer, this is the busiest September we’ve had since 2009 with sales of all property types combined out-performing the 10-year average by 13 per cent.

 

“Residentially, the single family detached home remains the preferred property type. From North Delta to Mission, sales increased in every Fraser Valley community compared to last year with the price range of $400,000 to $699,999 garnering almost sixty per cent of our total detached market.”

 

New listing activity was also steady in September with the Board’s...

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Wednesday, October 15, 2014

Real Estate Statistics for Greater Vancouver | October 2014

Home sales activity picks up the pace in September

 

VANCOUVER, B.C. – October 2, 2014 – Home buyers were active in Metro Vancouver last month, with home sales well exceeding the 10-year average for September.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,922 on the Multiple Listing Service® (MLS®) in September 2014.

 

This represents a 17.7 per cent increase compared to the 2,483 sales in September 2013, and a 5.4 per cent increase over the 2,771 sales in August 2014.

 

Last month’s sales were 16.1 per cent above the 10-year sales average for the month and rank as the third highest selling September over that period.

 

“September was an active period for our housing market when we compare it against typical activity for the month,” Ray Harris, REBGV...

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Thursday, September 11, 2014

Real Estate Statistics for Greater Vancouver | September 2014

Housing market activity follows 10-year August averages

VANCOUVER, B.C. – September 3, 2014 – The Metro Vancouver housing market experienced steady home sale, listing, and pricing trends for the month of August.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,771 on the Multiple Listing Service® (MLS®) in August 2014. This represents a 10.2 per cent increase compared to the 2,514 sales recorded in August 2013, and a 9.5 per cent decline compared to the 3,061 sales in July 2014.

 

“Activity this summer has been strong but not unusual for our region,” Ray Harris, REBGV president said. “The volume of home sales has been higher than we’ve seen in the last three years, yet below the record-breaking levels of the past decade.”...

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Thursday, September 11, 2014

Real Estate Statistics for the Fraser Valley | September 2014

SURREY, BC – Even with a characteristic seasonal dip in sales, the Fraser Valley real estate market experienced its best August since 2011 with volumes improving over last year and finishing 10 per cent below the 10-year average for the month.

 

The Fraser Valley Real Estate Board processed 1,302 sales on the Multiple Listing Service® (MLS®) in August, an increase of 3 per cent compared to the 1,258 sales during the same month last year and a decrease of 19 per cent compared to the 1,615 sales in July.

 

Ray Werger, president of the Board, says, “As usual, we saw a typical summer slowdown in August compared to July, however like every month so far in 2014, August sales were higher than last year. It’s the continuation of the story we’ve seen all year; a return to a normal, balanced market.”

 

The Board added 2,382 new properties to the MLS...

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Tuesday, August 19, 2014

I have sold a property at 3901 CEDAR DR in Port Coquitlam

I have sold a property at 3901 CEDAR DR in Port Coquitlam.
Classy duplex in a great family neighbourhood and practically on the Traboulay Trail. Bright and spacious 2184sf home with 3 bedrooms, 3 bathrooms, 2 rec rooms, high ceilings and more! The main floor features an open concept kitchen, living and dining room, laundry room and powder room. The large kitchen has lots of cupboards, granite and stainless steel. Upstairs you have a second large rec room, huge master suite with stunning slate ensuite, 2 more BIG bedrooms and a full bathroom. Lots of storage including the crawlspace. Bonus - large over height double garage with driveway parking for 2 more vehicles! Tucked off cedar drive, near schools and public transit. Rare offering - no strata & better than new!
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Monday, August 11, 2014

Real Estate Statistics for the Fraser Valley | August 2014

Market strength carries into summer for Fraser Valley real estate

SURREY, BC – Continued demand for single family homes and townhomes resulted in the busiest July in five years for the Fraser Valley Real Estate Board. The Board’s Multiple Listing Service® (MLS®) processed 1,615 sales in July, an increase of 11 per cent compared to the 1,456 sales in July last year and 1.4 per cent above the 10-year average for the month.

 

Ray Werger, President of the Board, says, “July’s steady activity is a continuation of what we’ve been seeing all year. Our market has fully recovered from last year’s slump and has returned to what we typically see in the Fraser Valley, which is a steady, consistent market.”

 

In July, the Board received 2,724 new listings, a decrease of 2 per cent compared to July 2013 taking the number of active listings in Fraser...

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Monday, August 11, 2014

Real Estate Statistics for Greater Vancouver | August 2014

Home buyers continue to slightly outpace sellers, but not by much

VANCOUVER, B.C. – August 5, 2014 – The Greater Vancouver housing market continues to

see slightly elevated demand from home buyers, steady levels of supply from home sellers and

incremental gains in home values depending on the area and property type.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in

Greater Vancouver reached 3,061 on the Multiple Listing Service® (MLS®) in July 2014. This

represents a 3.9 per cent increase compared to the 2,946 sales recorded in July 2013, and a 10.1

per cent decline compared to the 3,406 sales in June 2014.

 

“This is the fourth consecutive month that the Greater Vancouver market has exceeded 3,000

sales,” Darcy McLeod, REBGV president-elect said. “Prior to this, our market had not surpassed

the 3,000...

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Friday, July 18, 2014

I have sold a property at 107 509 CARNARVON ST in New Westminster

I have sold a property at 107 509 CARNARVON ST in New Westminster.
Ground floor 2 bedroom beauty on the quiet and private side of Hillside Place. One of the largest 2 bedrooms in the building at 813sf complete with huge master bedroom, 1 bathroom (cheater ensuite), insuite storage big enough for an office,insuite laundry, gas fireplace and laminate throughout. Absolutely no carpet! Fresh paint and new kitchen flooring too. Awesome private patio surrounded by green space and big enough for your BBQ and patio furniture. One parking included but you can walk everywhere. Close to skytrain, New West Quay, Douglas College, Shopping and Parks. Rentals are not allowed but pets are welcome!
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Tuesday, July 15, 2014

Real Estate Statistics for Greater Vancouver | July 2014

Buyer demand increases while home prices edge up


The Greater Vancouver housing market enters the summer season with home buyer activity on the rise.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,406 on the Multiple Listing Service® (MLS®) in June 2014. This represents a 28.9 per cent increase compared to the 2,642 sales recorded in June 2013, and a 3.7 per cent increase compared to the 3,286 sales in May 2014.


Last month’s sales were 0.6 per cent above the 10-year sales average for June of 3,386.

“Competition amongst home buyers today is as strong as it’s been in the region since 2011,” Ray Harris, REBGV president said.


The sales-to-active-listings ratio currently sits at 21.3 per cent in Greater Vancouver, which is the highest this measure has been since June 2011.


“Over the last...

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Tuesday, July 15, 2014

Real Estate Statistics for the Fraser Valley | July 2014

Strongest June in four years for Fraser Valley real estate market

SURREY, BC – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) processed 1,668 sales in June, an increase of 26 per cent compared to the 1,327 sales in June of last year and 2 per cent higher than sales in May. In terms of historical comparison, last month’s sales finished 7 per cent below the 10-year average for June with the previous best June occurring in 2010.

 

Ray Werger, President of the Board, says, “Recent news reports indicate that consumer optimism about real estate is at its highest level in a number of years and we’re experiencing that at the ground level.

 

“Over the last three months, we’ve seen a surge in demand specifically for single family homes and townhomes in most of our communities. Our number one buyer is families with children...

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Monday, June 9, 2014

The Value of Life Insurance




As a realtor, I take pride in helping my clients with the largest and most significant purchase of their lives. Even though I'm not directly responsible for your financing, I certainly want to make sure you are well covered so you can continue to enjoy your new home for man years to come. This is why I highly recommend you consider purchasing your own personal life insurance policy, rather than relying solely on MPP (mortage protection plan).

Here are the top 3 reasons why personal life insurance is a good idea:
 
1. YOU WILL SAVE MONEY: Without fail a life insurance policy is at least 10-40% less than MPP (see example below)
 
2. YOU GET COLD HARD CASH: When life insurance pays off, your family will get CASH in their bank account tax free. This is much better than the bank getting the cash to pay off your mortgage. Your mortgage is paid off NOW WHAT?! You still have to pay...
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Monday, June 9, 2014

Real Estate Statistics for Greater Vancouver | June 2014

VANCOUVER, B.C. June 3, 2014 An increase in home buyer demand put Greater Vancouver in the upper reaches of a balanced real estate market in May.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,286 on the Multiple Listing Service® (MLS®) in May 2014. This represents a 14 per cent increase compared to the 2,882 sales recorded in May 2013, and a 7.7 per cent increase compared to the 3,050 sales in April 2014.

 

Last months sales were 6.5 per cent below the 10-year sales average for May of 3,514. The sales-to-active-listings ratio currently sits at 20.4 per cent in Greater Vancouver, which is the first time that this measure has been above 20 per cent since June 2011.

 

Our MLS® statistics tell us that theres more home buyer demand today than at any point...

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Monday, June 9, 2014

Real Estate Statistics for the Fraser Valley | June 2014

SURREY, BC – May’s property sales in the Fraser Valley reached the highest they’ve been in seven years with the Fraser Valley Real Estate Board posting 1,633 sales on its Multiple Listing Service (MLS®), an increase of 18 per cent compared to May 2013 and 11 per cent more than in April.

 

Previous record-setting Mays were in the mid-2000s during the market peak, with last month’s sales coming in just below the 10-year average.

 

Ray Werger, President of the Board, says, “For the second month in a row, we’re experiencing healthy sales volumes with the most popular choice being single family detached homes followed by townhouses. For single family homes, that market is at the upper-end of a balanced market with certain areas in a sellers’ market where over 30 per cent of available inventory is selling."

 

Werger adds that the market...

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Wednesday, June 4, 2014

I have sold a property at 38 10221 WILSON ST in Mission

I have sold a property at 38 10221 WILSON ST in Mission.
Creek front & fully renovated in the Adult side of Triple Creek Estates! A sunny & bright 1185 sf, 2 bdrms (room for 3), 2 living rms, separate dining & open concept kitchen. New windows, flooring, drywall, paint inside & out, patio, hot water tank & both the furnace & roof are 5 yrs old. Awesome large new kitchen with butcher block island & appliances too. The yard is fully fenced, treed & incredibly private & quiet. You've got your own firepit creekside, private hottub, parking for over 10 + vehicles & lots of room for your RV, boat & your other toys. Bonus 16x10 workshop w/power & another 12x8 storage shed. Pad rental just $460 mth. Great location on the Maple Ridge/Mission border with amazing fishing across street.
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Wednesday, June 4, 2014

I have sold a property at 2302 188 KEEFER PL in Vancouver

I have sold a property at 2302 188 KEEFER PL in Vancouver.
Stunning mountain, city and water views soon to be overlooking the brand new Vancouver art gallery designed by world renowned architects Herzog & de Mueron. Great corner unit floor plan with 2 bedrooms on opposite sides for privacy, 2 fullbathrooms, good size den/office, solarium, in suite laundry and outdoor balcony. Open concept living/kitchen with flat panel white cabinets, black granite, stainless steel appliances and wine fridge. Excellent condition with fresh paint and new flooring. Awesome amenities include 25m indoor pool, hot tub, sauna, fully equipped gym and clubhouse with kitchen. Plus 1 parking and bike storage. Super central location in Crosstown's popular Espana Tower II. Walk to everything! Pets & rentals welcome.
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Wednesday, May 28, 2014

New property listed in Lincoln Park PQ, Port Coquitlam

I have listed a new property at 3901 CEDAR DR in Port Coquitlam.
Classy ? duplex in a great family neighbourhood and practically on the Traboulay Trail. Bright and spacious 2184sf home with 3 bedrooms, 3 bathrooms, 2 rec rooms, high ceilings and more! The main floor features an open concept kitchen, living and dining room, laundry room and powder room. The large kitchen has lots of cupboards, granite and stainless steel. Upstairs you have a second large rec room, huge master suite with stunning slate ensuite, 2 more BIG bedrooms and a full bathroom. Lots of storage including the crawlspace. Bonus - large over height double garage with driveway parking for 2 more vehicles or your RV! Tucked off cedar drive, near schools and public transit. Rare offering - no strata & better than new!
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Wednesday, May 28, 2014

Open House. Open House on Sunday, June 1, 2014 2:00 pm - 4:00 pm

Please visit our Open House at 3901 CEDAR DR in Port Coquitlam.
Open House on Sunday, June 1, 2014 2:00 pm - 4:00 pm
Classy ? duplex in a great family neighbourhood and practically on the Traboulay Trail. Bright and spacious 2184sf home with 3 bedrooms, 3 bathrooms, 2 rec rooms, high ceilings and more! The main floor features an open concept kitchen, living and dining room, laundry room and powder room. The large kitchen has lots of cupboards, granite and stainless steel. Upstairs you have a second large rec room, huge master suite with stunning slate ensuite, 2 more BIG bedrooms and a full bathroom. Lots of storage including the crawlspace. Bonus - large over height double garage with driveway parking for 2 more vehicles or your RV! Tucked off cedar drive, near schools and public transit. Rare offering - no strata & better than new!
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Tuesday, May 27, 2014

New property listed in Grandview Surrey, South Surrey White Rock

I have listed a new property at 2 2979 156TH ST in Surrey.
Former showhome first time on the market! Perhaps the most sought after location in the complex with a street front entrance, Whistler inspired front porch & a large front yard. Offering superior quality with granite counters throughout,custom built-in cabinets & paint. Upstairs master bedroom has two large closets with built-ins, ensuite bathroom with Nuheat flooring & rain showerhead. All rooms wired for network, phone & cable. The state of the art clubhouse has a gym & meeting room. Tucked away near the end of a quiet, no-through street in the heart of the Morgan Heights area of South Surrey. Walking distance to Morgan Crossing, Thrifty fds & Grandview Corners. Low maintenance fee includes gas for the stove cooktop. Pets OK
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