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Hi everyone,
I know it's early, but before you know it the holiday season
will be here. To me, November is the 'calm before the storm'. Conserve your energy & curl up before the fire with one of these delicious hot chocolate and coffee drinks from Allrecipes.com. |
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As ususal, there's been lots of media articles on real estate and mortgages:
Surrey is rated as B.C.'s hottest housing investment market! Maple Ridge is #2, and Vancouver is #11.
We know that Richmond is a hot market; check out pics of its biggest & priciest property at $16.8M!
It's official - the Globe and Mail has declared that fixed rate mortgages are the way to go.
Baby boomers who have owned a house 'forever' should consider selling to preserve as much value as possible to help fund retirement.
The debate over whether to buy or rent in Metro Vancouver's overheated market continues. If renting's for you, check out these pics of some rental options.
If you're thinking of renovating, CMHC has some great resources to help your reno go right the first time. |
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The top 3 reasons to visit my website!
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Market Statistics for September 2011
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The October stats packages from the Real Estate Board of Vancouver and the Fraser Valley Real Estate Board are available on my website at How's the Market?
Metro Vancouver Highlights: It's the lower end of a balanced market, where buyers have choice and time on their side. It's important for sellers to price properties competitively.
Fraser Valley Highlights: Below average sales and a steady stream of new listings favours buyers. The good news for sellers is that although inventory is high, it's not near record highs and sales remain steady.
Let's look more closely at the October stats for single-family homes across the region:
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Area |
Benchmark Price |
1 Year Change | |
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Burnaby |
$897,477 |
11.2% | |
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Coquitlam |
$709,242 |
4.8% | |
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South Delta |
$734,585 |
12.0% | |
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Maple Ridge |
$444,862 |
2.1% | |
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New Westminster |
$657,760 |
12.2% | |
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North Vancouver |
$952,809 |
4.0% | |
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Pitt Meadows |
$533,827 |
0.1% | |
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Port Coquitlam |
$520,761 |
-5.5% | |
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Port Moody |
$751,443 |
9.5% | |
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Richmond |
$1,075,391 |
18.3% | |
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Vancouver East |
$856,411 |
16.2% | |
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Vancouver West |
$2,008,702 |
23.4% | |
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West Vancouver |
$1,694,470 |
19.9% | |
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North Delta |
$551,440 |
8.1% | |
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North Surrey |
$507,430 |
6.1% | |
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Surrey |
$548,132 |
3.6% | |
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Cloverdale |
$555,806 |
3.9% | |
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S Surrey/White Rock |
$872,987 |
21.3% | |
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Langley |
$517,530 |
1.7% | |
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Abbotsford |
$422,894 |
-1.7% | |
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Mission |
$347,497 |
-0.4% |
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Maybe its time for a new kitchen to prepare Christmas dinner? Below are chef's kitchens in selection of houses that sold during October (note: at prices higher than the benchmark ones above). If you'd like additional information, let me know! |
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MLS# V908572
Van West, Kitsilano
List Price $2.9M
37 Days on Mkt | |
MLS# V912855
N. Burnaby, Westridge
List Price $1.7M
15 Days on Mkt | |
MLS# V911212
Port Moody, Heritage Mtn
List Price $1.1M
15 Days on Mkt |
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MLS#V910910
N Van, Capilano Highlands
List Price $2.4M
29 Days on Mkt | |
SSurrey/WRock, Elgin Chantrell
List Price $1.7M
23 Days on Mkt | |
Langley, Campbell Valley
List Price $1.4M
71 Days on Mkt |
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I hope you enjoy reading these monthly newsletters - the marketing geek in me sure enjoys writing them! Let me know if you have any comments or suggestions to make them more relevant.
And if you have any questions about real estate, or are merely curious about what's happening in your immediate neighbourhood - I'd love to find those answers for you.
Happy Tuesday!
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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