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Hi everyone!
I trust you enjoyed a lovely holiday weekend with family and friends, and have survived your chocolate hangover! Try searching Google for "leftover Easter chocolate recipes"... there are quite a few! Check out Dying for Chocolate which had some tempting treats to try.
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My picks for April's interesting real estate/mortgage reads:
A common conundrum is which to pay first: Mortgage vs RRSP vs RESP? And here's one family's action plan.
Mortgage rates stress test: what if your rate went up 2 points?
Speculation or Investment? The beauty of pre-sales from Ozzie Jurrock
Buying: The importance of a choosing a good realtor who negotiates a contract that protects your interests can't be over-emphasized.
Selling: 10 questions to ask your realtor, courtesy of the Real Estate Board of Greater Vancouver
Considering recreational property? Here's a link to pictures of 'fantasy' vacation properties across Canada. Now compare those to ones for sale in The Hamptons on Long Island NY.
Renovation envy: Check out the photos of this fabulous Great Room (finalist in the GVHBA's Ovation awards )
Lastly, here's how Vancouver real estate prices have fared over the last century |
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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 March 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# V934508
Port Moody, Port Moody Centre
List Price $790K
6 Days on Mkt | |
MLS# V936873
Vancouver East, Hastings
List Price $839K
13 Days on Mkt | |
MLS# V938921
North Van, Pemberton Heights
List Price $899K
8 Days on Mkt |
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MLS# V934117
Pt Coquitlam, Glenwod
List Price $570K
9 Days on Mkt | |
Langley, Aldergrove
List Price $550K
10Days on Mkt | |
SSurrey/WRock, Crescent Bch
List Price $915K
14 Days on Mkt |
| Market Statistics for March 2012 |
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The March stats packages from the Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board are available on my website at How's the Market?
REBGV reported that home sales for March were the second lowest since 2002, while there were more new listings for March than is typical for the month. The FVREB reported that March was slower than usual, but there was increased demand for affordable homes under $500K, and for town homes.
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 |
745,400 |
13.2% |
169.4 | |
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Burnaby North |
910,100 |
12.8% |
177.3 | |
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Burnaby South |
959,400 |
12.0% |
186.3 | |
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Coquitlam |
701,200 |
5.9% |
154.5 | |
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Ladner |
644,100 |
9.2% |
154.8 | |
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Maple Ridge |
468,800 |
2.2% |
131.8 | |
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New Westminster |
669,300 |
6.8% |
168.7 | |
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North Vancouver |
970,000 |
10.3% |
153.0 | |
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Pitt Meadows |
550,800 |
3.5% |
147.2 | |
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Port Coquitlam |
550,800 |
3.5% |
147.2 | |
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Port Moody |
795,900 |
4.0% |
150.6 | |
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Richmond |
1,029,600 |
1.7% |
206.2 | |
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Tsawwassen |
729,300 |
11.8% |
157.1 | |
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Vancouver East |
841,600 |
12.0% |
186.7 | |
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Vancouver West |
2,250,100 |
16.5% |
229.1 | |
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West Vancouver |
1,948,800 |
18.4% |
181.2 | |
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North Delta |
520,100 |
5.8% |
151.1 | |
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North Surrey |
532,800 |
4.9% |
150.1 | |
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Surrey Central |
550,100 |
5.5% |
146.7 | |
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Cloverdale |
563,700 |
1.2% |
139.2 | |
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S Surrey/White Rock |
904,400 |
14.4% |
165.7 | |
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Langley |
547,200 |
2.0% |
136.1 | |
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Abbotsford |
430,300 |
-0.2% |
131.7 | |
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Mission |
365,100 |
0.4% |
128.0 |
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So far this spring has been busy for me, but I always have time to speak to people about real estate.
Who do you know that: is thinking of downsizing? needs a larger home? is looking for investment properties? has children who are ready to buy their first homes? I'm here to help - just call or email kplante@sutton.com. I'd appreciate the introduction.
Enjoy the day!
Kathy
************
Refer someone you care about to someone you trust
Kathy Plante
604-329-1405
Sutton Group - West Coast Realty |
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