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Hi everyone!
Belated Happy St. Patrick's Day! Vancouver's St. Paddy's Day parade was held earlier today - if you're curious about how the rest of the world celebrates, here's a photo tour.
Who else is wondering when will spring arrive?!? Wind, rain, snow, sun, snow, rain... and on, and on, and on again. At least it's dry today. Here's hoping there's some truth to the saying "March comes in like a lion and goes out like a lamb". For trivia buffs, Wikipedia has a page on weather lore - learn which folklores have some truth in nature and which don't. |
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I'll be attending the realtor preview of the new TELUS Garden development this Wednesday evening. If you're interested in purchasing one of these residences, please let me know & I'll make sure you're kept up-to-date.
Buying? With 10 year mortgage rates so attractive here's a guide to help you decide to go long or go longer
Selling? Fixed rate Mortgage penalites - why they matter now more than ever
Staying put? Great tips on a kitchen reno under $25,000
Get ready for an active spring market: Both buyers and sellers should take time to understand pricing strategies designed to get top dollar for homes.
Picture time! A spectacular West Vancouver mansion listed for a cool $13.99M
Ever wonder what type of home a million dollars can get you across Canada? More pictures... |
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The top 3 reasons to visit my website!
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A picture is worth a thousand words. Below are selected homes that sold during February at prices near the benchmark prices in the next section. If you'd like more information on any property or neighbourhood, let me know! |
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MLS# V930591
Vancouver West, Kerrisdale
List Price $2.2M
24 Days on Mkt | |
MLS# V925100
Coquitlam, Ranch Park
List Price $719K
48 Days on Mkt | |
MLS# V93167
Richmond, Westwind
List Price $998K
1 Days on Mkt |
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MLS# F1128865
North Delta, Nordel
List Price $550K
82 Days on Mkt | |
Surrey, East Newton
List Price $549K
56 Days on Mkt | |
New West, Uptown New West
List Price $660K
15 Days on Mkt |
| Market Statistics for February 2012 |
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The February 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?
Both real estate boards continue to report balanced conditions and stable prices. But the spring market is starting to heat up and well-priced homes in desirable areas are selling fast, often over list price. Sales and pricing can vary considerably depending on the neighbourhood and property type, so make sure you consult with your REALTOR.
Let's look more closely at single-family homes across the region. Reminder: the House Price Index shows the percentage increase over 2005 prices.
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Area |
Benchmark Price
$ |
1 Year Change |
House Price Index
(base 2005) | |
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Burnaby East |
729,600 |
9.6% |
165.6 | |
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Burnaby North |
903,400 |
12.1% |
175.8 | |
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Burnaby South |
938,400 |
13.1% |
181.8 | |
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Coquitlam |
691,400 |
6.8% |
152.6 | |
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Ladner |
633,300 |
8.6% |
152.1 | |
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Maple Ridge |
467,500 |
2.7% |
131.3 | |
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New Westminster |
660,700 |
6.7% |
166.4 | |
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North Vancouver |
961,200 |
11.5% |
151.9 | |
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Pitt Meadows |
509,700 |
5.1% |
141.3 | |
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Port Coquitlam |
546,100 |
5.6% |
145.8 | |
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Port Moody |
799,000 |
5.5% |
150.4 | |
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Richmond |
1,026,100 |
6.0% |
205.2 | |
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Tsawwassen |
715,500 |
13.3% |
153.9 | |
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Vancouver East |
832,400 |
12.6% |
185.4 | |
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Vancouver West |
2,217,900 |
17.8% |
226.5 | |
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West Vancouver |
1,886,100 |
18.8% |
175.3 | |
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North Delta |
521,100 |
5.8% |
151.3 | |
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North Surrey |
535,900 |
6.7% |
150.6 | |
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Surrey Central |
546,000 |
6.1% |
145.6 | |
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Cloverdale |
559,700 |
4.4% |
138.3 | |
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S Surrey/White Rock |
909,100 |
17.2% |
165.9 | |
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Langley |
538,200 |
3.1% |
133.8 | |
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Abbotsford |
420,300 |
-1.5% |
128.8 | |
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Mission |
359,500 |
-0.7% |
126.1 |
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Who do you know that: is thinking of downsizing? needs a larger home? looking for investment properties? have children who are ready to buy their first homes? I'm here to help - just call or email kplante@sutton.com and together we can explore the options.
Enjoy the day!
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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