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Happy New Year everyone! Have you made (or broken) your new year's resolutions yet? If you're stumped for ideas, check out these top 10 new year's resolution vacations. St. Lucia sounds lovely.
The one I want to share with you is my resolution to show more gratitude in 2012. To my family for putting up with the erratic schedule and income of a realtor, to my friends and neighbours for your support and encouragement, and to my clients for your business -- THANK YOU! |
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The new year always brings predictions and retrospectives:
CMHC is forecasting that the Greater Vancouver market will stabilize and show modest growth in line with inflation
No bubble here! Predictions on how a more relaxed real estate market will affect new homebuyers, investors and renovators in 2012
Property assessments are a hot topic. Did you know that they reflect a property's value at July 1, 2011, and the property's condition as at Oct 31? www.bcassessment.ca
Check out Vancouver Sun's pics of average home valuations in Vancouver/North Shore and Burnaby/TriCities/New West
Here is the Globe and Mail's pictorial comparison of what you could buy in 2011 for $1M in Vancouver vsToronto
With the stock markets so volitile, investing in real estate looks worthwhile if you follow this advice
Confused? Have more questions than answers? Call me and let's look at what's happening in your specific area. |
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The top 3 reasons to visit my website!
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Market Statistics for December 2011
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The December / year end 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 VancouverHighlights: The 2011 market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand
Fraser Valley Highlights: Sales volume and price changes varied greatly accross the region depending on the community and type of property.
Let's look more closely at the stats for single-family homes across the region:
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Area |
Benchmark Price |
1 Year Change | |
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Burnaby |
$926,663 |
2.7% | |
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Coquitlam |
$674,792 |
5.4% | |
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South Delta |
$724,903 |
6.0% | |
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Maple Ridge |
$464,849 |
3.7% | |
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New Westminster |
$607,819 |
11.3% | |
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North Vancouver |
$977,579 |
3.1% | |
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Pitt Meadows |
$504,142 |
11.0% | |
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Port Coquitlam |
$555,876 |
9.8% | |
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Port Moody |
$933,068 |
11.3% | |
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Richmond |
$1,073,864 |
3.4% | |
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Vancouver East |
$845,771 |
2.4% | |
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Vancouver West |
$1,990,958 |
4.2% | |
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West Vancouver |
$1,689,043 |
5.6% | |
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North Delta |
$529,222 |
1.9% | |
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North Surrey |
$497,680 |
2.7% | |
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Surrey |
$550,917 |
5.0% | |
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Cloverdale |
$564,540 |
5.3% | |
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S Surrey/White Rock |
$818,082 |
10.8% | |
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Langley |
$510,743 |
1.8% | |
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Abbotsford |
$423,789 |
-1.1% | |
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Mission |
$343,613 |
0.2% |
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Tables of numbers can be so boring. Pictures are much more fun... below are selected homes that sold during November or December at prices near the benchmark ones above. If you'd like more information on any property or neighbourhood, let me know! |
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MLS# V916682
New West, Moody Park
List Price $639K
51 Days on Mkt | |
MLS# V919859
Van East, Fraser
List Price $850K
9 Days on Mkt | |
MLS# V911371
Richmond, Quilchena
List Price $1.1M
54 Days on Mkt |
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MLS#V903662
Pt Coquitlam, Riverwood
List Price $569K
95 Days on Mkt | |
Cloverdale, Clayton
List Price $587K
44 Days on Mkt | |
North Delta, Scotsdale
List Price $540K
72 Days on Mkt |
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On the topic of new year's resolutions, could you take a minute to think back on the conversations you had with family and friends lately ... who do you know that's ready to make a move in 2012? If you just provide me with their name and contact info, I'd be happy to call them and chat with them about how I can help.
Happy sunny (and cold) Thursday!
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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