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Hi everyone,
I hope everyone's been able to enjoy our extended summer! September is back to school, back to work, back to routines. If your routine includes a passion for shopping - then mark this date on your calendar: Wed., Sept. 28 from 6-8:30 pm!
Why? I've arranged for an exclusive shopping event for my clients, friends, and colleagues at a fabulous store in New West, Cadeaux Gifts and Embellishments. And will provide you with a $10 gift card to get you started. Click here for all the details. Feel free to invite a friend - the more the merrier! Please RSVP to kplante@sutton.com by Friday Sept. 23rd.
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B.C.'s home sales, property values to slow as job growth ebbs. Click here to see the forecasts for each BC region.
Is bigger better? How much house do you really need?
The key to building a successful real estate portfolio using leverage is to invest in property that is cash-flow positive.
Why flipping is not investing in real estate.
Before making any decisions on transferring properties to avoid probate or whether to pay or avoid probate fees, get legal and accounting advice. Read about a $700,000 tax mistake!
Thinking of re-roofing to get ready for the rainy season?
A company is only as good as its installers.
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The top 3 reasons to visit my website!
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Market Statistics for August2011
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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: The market is trending toward a buyers market. August was the 3rd month inn a row that sales were below the 10-year average for the month. In contrast, listing activity is above the 10-year norm every month since the start of 2011.
Fraser Valley Highlights: The typical summer dip in sales in August compared to July didn't happen this year. Factors include: interest rates remaining favourable, softening home prices in certain markets and an influx of new inventory across all property types.
Let's look more closely at the August stats for single-family homes across the region.
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Area |
Benchmark Price |
1 Year Change | |
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Burnaby |
$918,078 |
13.2% | |
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Coquitlam |
$715,340 |
6.5% | |
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South Delta |
$737,140 |
4.2% | |
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Maple Ridge |
$453,122 |
1.8% | |
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New Westminster |
$629,886 |
9.2% | |
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North Vancouver |
$969,976 |
10.3% | |
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Pitt Meadows |
$516,510 |
-8.3% | |
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Port Coquitlam |
$579,563 |
8.5% | |
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Port Moody |
$750,240 |
-5.9% | |
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Richmond |
$1,101,939 |
22.4% | |
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Vancouver East |
$823,976 |
13.1% | |
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Vancouver West |
$1,963,246 |
19.6% | |
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West Vancouver |
$1,760,710 |
26.7% | |
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North Delta |
$544,323 |
4.9% | |
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North Surrey |
$500,436 |
0.5% | |
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Surrey |
$556,369 |
7.0% | |
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Cloverdale |
$559,862 |
1.6% | |
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S Surrey/White Rock |
$833,659 |
11.7% | |
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Langley |
$521,064 |
0.6% | |
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Abbotsford |
$423,924 |
1.3% | |
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Mission |
$349,860 |
-2.2% |
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As it's back-to-school, let's look at condos near transit that would suit post-secondary students (with a little help from family). Below are examples of 2 bedroom condos that sold in August. Is it time to invest in one? Call me & let's find out! |
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MLS# V889571
New West, Downtown
List Price $349.9K
1177 sq ft | |
MLS# V902839
Burnaby, Government Rd
List Price $283K
883 sq ft | |
MLS# V888308
Vancouver West, Kitsilano
List Price $459K
878 sq ft |
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MLS# F1115082
North Surrey, Whalley
List Price $252K
888 sq ft | |
Central Abbotsford
List Price $295K
1210 sq ft | |
North Van, Upper Lonsdale
List Price $355.9K
950 sq ft |
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Has it been a while since you've bought or sold property? Do you have questions about the selling process, contracts, or costs associated with buying or selling? If you do, let me know, and I'd be happy to provide you with the information you're looking for. Just ask.
Happy Wednesday!
Kathy
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Refer someone you care about to someone you trust
Kathy Plante
604-329-1405
Sutton Group - West Coast Realty
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