Saturday, October 10, 2009

Open House. Open House Sat, Oct 10 2-4 PM Sun Oct 11 2-4 PM

Property Photo: 16482 84A AV  in Surrey
Please visit our Open House at 16482 84A AV in Surrey.
Open House Sat, Oct 10 2-4 PM Sun Oct 11 2-4 PM
Perfect Home for a family or retiree. This one level, 3 bed, 2 bath Rancher is in immaculate shape. Beautifully maintained and loved by one owner. This spacious home is a short walk to the Elementary school, Surrey Sports and Leisure Centreand 2EE's Green Grocer. Your bright kitchen boasts raised panel oak cabinets and has a lovely view to your bright backyard and spectacular gardens. The huge master bedroom has its own ensuite with separate shower and 6' tub. The living room features a gas fireplace, bay windows with a view to our beautiful mountains and a formal dining room.
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Thursday, October 8, 2009

I have sold a property at 9924 157TH ST in Surrey

Property Photo: 9924 157TH ST  in Surrey
We are pleased to have sold a property at 9924 157TH ST in Surrey.
What a deal! Fabulous, updated 4 bedroom house with a legal 2 bedroom suite! Brand new 500 SF deck overlooking park! Partial mountain views! Huge lot; over 8000 SF! Great area for families with terrific neighbours on a traffic calmed street. W.F. Davidson Elementary is a 2 minute walk through the park. 5 minutes from the High School. Central to everything; T&T, Guildford mall, recreation centres, libraries, minutes from HWY 1. Best value in the neighbourhood!
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Wednesday, October 7, 2009

New property listed in Fleetwood Tynehead, Surrey

Property Photo: 16482 84A AV  in Surrey
We are proud to have listed a new property at 16482 84A AV in Surrey.
Perfect Home for a family or retiree. This one level, 3 bed, 2 bath Rancher is in immaculate shape. Beautifully maintained and loved by one owner. This spacious home is a short walk to the Elementary school, Surrey Sports and Leisure Centreand 2EE's Green Grocer. Your bright kitchen boasts raised panel oak cabinets and has a lovely view to your bright backyard and spectacular gardens. The huge master bedroom has its own ensuite with separate shower and 6' tub. The living room features a gas fireplace, bay windows with a view to our beautiful mountains and a formal dining room.
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Sunday, October 4, 2009

Fraser Valley Real Estate Statistics Sept '09

DEMAND FOR HOUSING REMAINS STEADY IN THE FRASER VALLEY
October 2, 2009
 

(Surrey, BC) - Low interest rates continue to fuel a strong housing market in the Fraser Valley according to Paul Penner, President of the Fraser Valley Real Estate Board.

The Board processed 1,590 sales on its Multiple Listing Service (MLS®) in September, an increase of 62 per cent compared to the 980 sales during the same month last year, however, 11 per cent fewer sales compared to August’s 1,786 sales.

“Summer months are historically stronger for home sales in the Valley compared to the beginning of fall,” Penner explained. “However, as far as Septembers go, this one was solid, in fact the third strongest in the last decade.

“That pent-up demand we saw in the spring has carried forward, buoyed by low interest rates and housing prices that, despite inching up in some areas, remain more economical than they were a year ago.”

The MLSLink® Housing Price Index (HPI) benchmark price of a detached home in September was $491,404 a decrease of 1.5 per cent compared to September 2008, when it was $498,822. In the last three months, the HPI benchmark price of a detached home has increased by 4.2 per cent.

The HPI benchmark price of Fraser Valley townhouses decreased 4.2 per cent from $325,898 in September 2008 to $312,143 in September 2009, and in the last three months has increased by 3.7 per cent. The benchmark price of apartments also decreased year-over-year by 5.2 per cent, going from $253,489 in September of last year to $240,378 in September 2009, and has increased by 4.1 per cent in the last three months.

In September, the average number of days on market for a detached home in the Fraser Valley was 55 days, a decrease from the average of 60 days where it’s hovered for five months. Townhomes sold on average in 46 days in September and apartments, 54 days.

The HPI benchmark price of Fraser Valley townhouses decreased 4.7 per cent from $325,833 in August 2008 to $310,389 in August 2009, and in the last three months has increased by 4 per cent. The benchmark price of apartments also decreased year-over-year by 5.9 per cent, going from $250,888 in August of last year to $236,146 in August 2009, and has increased by 1.7 per cent in the last three months.

The number of active Fraser Valley listings in September decreased 2 per cent from August, dropping to 8,799 listings. This represents a 29 per cent decrease from last year’s all-time high for actives, 12,379. The MLS® received 2,640 new listings in September, an increase of 7 per cent compared to August, yet 14 per cent fewer than September of last year.
 
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Saturday, October 3, 2009

Open House. OPEN HOUSE: Sunday Oct. 4th 2:30 -4:30PM Come see what is so great about this property!

Property Photo: # 251 7293 MOFFATT RD  in Richmond
Please visit our Open House at # 251 7293 MOFFATT RD in Richmond.
OPEN HOUSE: Sunday Oct. 4th 2:30 -4:30PM Come see what is so great about this property!
Large 1 BEDROOM & den [or 2nd BEDROOM] professionally renovated with an eye to style & design. Warm exotic HARDWOOD FLOORS throughout, GORGEOUS wood burning FIREPLACE, loads of closet space & French doors leading to your spacious office/2ndBEDROOM. Stylish kitchen with S/S appliances, built in wine cabinets & GRANITE countertops opens onto your dining room. Sleek slate tiles, spa shower & white cabinets give a contemporary elegance to this completely redone bath! Your private balcony is spacious & peaceful. Centrally located with just a short walk to Minoru Park, schools & Richmond Centre Shopping & restaurants. Small pets & rentals OK. Open Sat & Sun Aug 8th & 9th, from 2-4 pm.
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Saturday, October 3, 2009

Metro Vancouver Real Estate Statistics Sep '09

REBGV September Stats

Buyer demand remains strong while home listings increase

Greater Vancouver home sales remained strong last month, with the second highest number of residential sales ever recorded for the month of September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,559 in September 2009, an increase of 3.4 per cent from the 3,441 sales recorded in August 2009, and an increase of 124.5 per cent compared to September 2008 when 1,585 sales were recorded.

“As homes sales in Greater Vancouver continued at an elevated pace in September it’s encouraging to see that more homes were listed on the MLS® in the month than any other so far this year,” Scott Russell, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,764 in September 2009. This represents a 6.2 per cent decline compared to September 2008 when 6,142 new units were listed, but a 26.8 per cent increase compared to August 2009 when 4,544 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.

At 12,596, the total number of property listings on the MLS® increased 5.5 per cent in September compared to last month and declined 36 per cent from the 19,852 homes listed for sale during the buyer’s market that was experienced at this time last year.

“During this period of renewed demand in our marketplace, home values have gradually recovered from the declines that occurred in 2008,” said Russell.

Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 13 per cent to $547,092 from $484,211, while home prices compared to Septembers 2008 levels are up 1.6 per cent.

Sales of detached properties increased 160.6 per cent to 1,423 from the 546 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 2.1 per cent from September 2008 to $741,632.

Sales of apartment properties in September 2009 increased 94.9 per cent to 1,489, compared to 764 sales in September 2008. The benchmark price of an apartment property increased 1.5 per cent from September 2008 to $374,686.

Attached property sales in September 2009 are up 135.3 per cent to 647, compared with the 275 sales in September 2008. The benchmark price of an attached unit increased 0.4 per cent between Septembers 2008 and 2009 to $466,276.

Download complete stats package by clicking here.

The Real Estate industry is a key economic driver in British Columbia. In 2008, 24,626 homes changed hands in the Board's area generating $1.03 billion in spin-offs. The Real Estate Board of Greater Vancouver is an association representing more than 9,400 REALTORS®. The Real Estate Board provides a variety of membership services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.  

 

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