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The Greater Vancouver housing market continued its re-balance between sales and listings last month. New listings for detached, attached and apartment properties increased 20.2 per cent to 7,390 in May 2008 compared to May 2007, when 6,149 new units were listed. With more property listings and a decline in the number of sales, prices are not increasing as rapidly which is good news from an affordability standpoint. With the housing market at a balanced state, sellers have more competition and buyers have more selection to choose from. Sales of detached properties in May declined 33.4 per cent to 1,203 from the 1,805 sales recorded during the same period in 2007 and the benchmark price rose 8.4 per cent from May 2007 to $771,250. Sales of apartment properties declined 30.5 per cent last month to 1,244, compared to 1,789 sales in May 2007 and the benchmark price increased 8.7 per cent from May 2007 to $389,668. Attached property sales in May 2008 decreased 24.7 per cent to 555, compared with the 737 sales in May 2007 and the benchmark price rose 9 per cent between May 2007 and 2008 to $478,931.
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FIVE REASONS TO USE A MORTGAGE BROKER 1. Representation - Unlike a
direct lender, a mortgage broker represents you, not the lender! A
broker only gets paid by the lender if the loan is funded, and no
sooner. Therefore, when you work with a broker there is more
motivation to get the loan approved and funded as quickly as
possible.
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USING THE POWER OF EMAIL TO SELL YOUR HOME When you list your property with the Carpenter Real Estate Group, we use the power of email as one of many tools to market your home. We create an email for each listing which is distributed to all of our Real Estate Colleagues & Contacts. This Colleagues & Contacts list has been continually building over the past 15 years and is comprised only of people we have met directly or who have asked to be on the list. This email gives direct exposure of your property to other Realtors who may have buyers interested in purchasing. This is just another one of the ways we are always striving to increase the value we offer to our clients.
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FEATURED LISTING
Absolutely stunning professional renovation. Two levels, huge home sized rooms, two very large bedrooms, both with full private en-suites all adding up to over 1700 sq.ft. in a concrete building! Lots of closet space. Delightful open floor plan with gourmet kitchen, top of the line appliances. An absolute 10 with huge 'WOW' factor. All carefully crafted and finished by one of Vancouver's best, R.J. Reynolds Enterprises. Visit www.CarpenterRealEstateGroup.com for more details, pictures and a virtual tour. For your private viewing call Scott at 604.880.0037.
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OUR ANNUAL CLIENT APPRECIATION PARTY Each year our referral partners are invited to a
not-to-missed appreciation party with draws taking place every 15
minutes, building up to a GRAND PRIZE draw for a $3500.00 travel
voucher. Want to know more?
Click here or go to our website and click on
REFERRAL REWARD PROGRAM!
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604-880-0037
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