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Hi everyone,
I hope you're all having a great summer, at least when the sun peeks out from behind the clouds. The big weather-related question in my mind is whether or not sunny summer weather will continue during The Fair at the PNE! If you plan on attending, check out the guide to PNE deals and freebies, courtesy of Inside Vancouver.
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Is the Vancouver housing market a bubble ready to pop?
From The Globe and Mail: Home-buying blitz in Vancouver shows signs of cooling.
Check out this witty editorial commentary on what's really driving Vancouver's crazy house prices.
For buyers: What's the best way to save for a home: RRSP's or TFSA's?
Home renovation: learn how much to spend, and where.
Find out "Why Canadian mortgage rates are on a roller coaster."
For sellers: design tricks to help sell your home faster. |
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The top 3 reasons to visit my website!
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Real Estate Market Statistics for July 2011
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For the Greater Vancouver stats package from the real estate board (REBGV) click here. For information covering Surrey, Langley and Fraser Valley, click here.
Metro Vancouver Highlights:
- Fewer multiple offer situations compared to the last few months, but competitively-priced homes continue to sell at a fast pace.
- The number of homes listed for sale has increased each month since the start of the year (more selection for buyers, and more time to make decisions)
Fraser Valley Highlights:
- Overall, prices remain strong but not for every property type or community, plus local differences in the number of days on market.For example (on average), it took 18 days to sell a North Delta townhome, 45 days to sell a single family home in White Rock/South Surrey, and 65 days to sell an Abbotsford apartment.
Let's look more closely at the July stats for single-family homes across the region.
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Area |
Benchmark Price |
1 Year Change | |
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Burnaby |
$930,628 |
19.4% | |
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Coquitlam |
$735,218 |
6.8% | |
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South Delta |
$749,720 |
12.8% | |
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Maple Ridge |
$454,080 |
0.2% | |
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New Westminster |
$635,651 |
3.1% | |
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North Vancouver |
$939,612 |
2.9% | |
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Pitt Meadows |
$576,591 |
14.0% | |
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Port Coquitlam |
$562,316 |
5.2% | |
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Port Moody |
$719,414 |
-4.9% | |
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Richmond |
$1,064,446 |
20.3% | |
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Vancouver East |
$854,004 |
18.2% | |
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Vancouver West |
$2,044,344 |
26.9% | |
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West Vancouver |
$1,729,641 |
27.9% | |
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North Delta |
$538,725 |
2.0% | |
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North Surrey |
$513,559 |
5.5% | |
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Surrey |
$552,528 |
5.0% | |
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Cloverdale |
$558,876 |
1.1% | |
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S Surrey/White Rock |
$878,626 |
21.3% | |
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Langley |
$521,610 |
-0.4% | |
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Abbotsford |
$428,354 |
1.5% | |
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Mission |
$354,316 |
-0.6% |
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Since it's mid-August, thought it would be fun to focus on outdoor pools! Below are examples of detached homes with pools that sold in July. If you'd like information for a specific property or neighbourhood - just ask! |
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MLS# V903832
Tswassen Central
List Price $850K | |
MLS# V898277
North Van, Lynn Valley
List Price $898K | |
MLS# V900523
Maple Ridge, Silver Valley
List Price $639.9K |
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MLS# V901697
West Vancouver, Glenmore
List Price $1.149M | |
Langley, Walnut Grove
List Price $1.075M | |
North Delta, Sunshine Hills
List Price $799K |
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Ever wonder why my pictures of sold listings only include the list price? According to the Rules of Cooperation, a sale price can't be advertised prior to the information being publicly available through a government registry (essentially until the completion date). But if you ask me specifically, I can provide it.
If you or someone you know needs a REALTOR® who pays attention to details (like the above), why that's me! I'm never too busy to answer questions or provide information. Just ask.
Happy sunny Thursday!
Kathy
************
Refer someone you care about to someone you trust
Kathy Plante
604-329-1405
Sutton Group - West Coast Realty
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