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Hi everyone!
As you know, Spring is the most active season in real estate and things started to heat up last month. North Van was the busiest area, where 30% of listings sold! New West, Cloverdale, Langley & Port Moody were also active seller's markets. Check out the details in the Statistics section below.
And Spring is officially here - 'tho it's still a bit too chilly for me... However, here's a list of 15 fun things to do in Vancouver during April. Plus the Vancouver Sun Run is this weekend. Congrats to all participants - have fun!
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The Real Estate Board of Greater Vancouver creates a great video that summarizes the local market. Here's the March update.
As a crystal ball isn't handy, here's Garry Marr with what the experts have to say on the future of Canadian real estate
Selling? Here are Shell Busey's "Homeowner Hints for Selling Your Home"
Buying? If you have less than 20% for your down payment, make sure you know what mortgage insurance really covers.
Investing? Here's a great comparison of real estate vs the stock market
If mortgage interest rate predictions interest you, consider bookmarking CanadianMortgageTrends.com
Nearing retirement and thinking about a second vacation home? Make sure you know the pros, cons & tax implications
For everyone: keeping your home secure - know the ins and outs of garage-door security
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The top 3 reasons to visit my website!
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| Market Statistics for March 2013 |
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CURIOUS TO KNOW what's happening (sales, listing, days on market) in areas and neighbourhoods that matter to you? Check out these reports:
- Vancouver, West Van, North Van & Richmond, click here
- Burnaby, Coquitlam, New West, PoCo, Pitt Meadows and Maple Ridge, click here
- For the Fraser Valley as far east as Abbotsford/Mission - click here
FYI, media headlines generally report price changes at an aggregate level (i.e, condos & single family homes combined, all the way from Whistler to Maple Ridge). The MLS HPI (similar to CPI) is the best way to measure changes in home prices. The stats packages from the REBGV and FVREB contain HPI price changes, by city & property type. You can also find the reports on my website on the tab How's the Market?
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Below are selected homes that sold in March at or close to the Benchmark Price for that city. If you want to know what the home down the street sold for, just ask!
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MLS#V988394
West Van, Queens
List Price $1.8M
Lot: 9230sf
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MLS# V987362
Pt Moody, Heritage Woods
List Price $819K
Lot: 4155sf
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MLS#V998290
Burnaby East, Est Burnaby
List Price $750K
Lot: 7300sf
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MLS# V992314
 Ladner, Delta Manor
List Price $639K
Lot: 6523sf
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South Surrey, Ocean Park
List Price $559K
Lot: 7196sf
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Surrey, Fleetwd/Tynhead
List Price $435K
Lot: 7196sf
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Bought a lottery ticket lately? Here's a link to a $23M estate currently on the market in West Vancouver...
I'd like to repeat an offer I've made before - if you have any questions about the real estate market in general, the price of a house that sold down the street, an estimate of what your home might be worth (even if you're not ready to sell) -- I'm more than happy to help out! Just ask.
And to state the obvious, if you want me to help you buy or sell, I'm in!
Cheers, 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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