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Hi everyone!
The following statement in last week's REW.ca article really struck a chord with me: "Now is not the time to ask for the moon for your Greater Vancouver home." Sellers who want last year's prices for their homes will likely be disappointed. What we're seeing is that buyers are buying when price & value are in-sync (which tends to be the case in most market conditions).
I worked on this newsletter as I watched the rain fall the other day (sigh). But the Victoria Day weekend will soon be upon us and hopefully the weather will cooperate! Here are 10 things to do (in Vancouver, day trips and ferry trips) this long weekend. Enjoy!!
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According to Sandra Wyatt, president of REBGV, properties that are priced right are selling. Here's her April update video.
Selling? Here are the 5 biggest turnoffs for buyers. Pet owners, pay attention. Oh, so obvious, but often overlooked.
Can you avoid the capital gains tax? Here are some real estate scenarios that attract capital gains. Do your homework!
Buying? Hiring the right lawyer, early in the process, can save you time, risk and most importantly, money.
Helping a young buyer with their first mortgage? Co-signers and guarantors are different, so make sure you get advice
Planning a reno and removing a bedroom? Consider the pros and cons of 2 vs 3 bedroom homes. Plus here are great tips from GVHBA for choosing a renovation professional
For everyone: Ten ways to cut the cost of home insurance
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The top 3 reasons to visit my website!
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| Market Statistics for April 2013 |
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Do you want to "be in the know" about the real estate market (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
Properties that are priced right are selling. One of the tools to monitor housing prices are the stats packages from the REBGV and FVREB. They report on Home Price Index changes by city & property type (similar to the CPI). 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 April at or close to the Benchmark Price for that city. For other cities, just check the reports in the above Statistics section.
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MLS# V983692
Ladner, Holly
List Price $649K
Lot: 4998sf
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MLS# V1002706
West Van, Ambleside
List Price $1.8M
Lot: 15894sf
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MLS#V998229
Pitt Meadows, South
List Price $500K
Lot: 7405sf
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MLS# V969921
Richmond, Riverdale
List Price $940K
Lot: 3869sf
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SSurrey, Crescent Beach
List Price $835K
Lot: 7873sf
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Langley, Walnut Grove
List Price $550K
Lot: 9936sf
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Lean in closer, I have to share a frustration of mine with you. Not enough of you are contacting me with market questions. For example, my guess is that you're all curious about the property down the street and what it sold for, because that's a way of informally keeping tabs on what your home might be worth. Just send me an email with the address & I can do a quick check and let you know.
Enjoy the long weekend! For my New West friends, the Hyack Festival starts on Friday!
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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