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Hi everyone - summer's arrived!  The weather's hot, and so was the real estate market last month.

 

And there's nothing like attending a festival on a hot day! Festivalseekers.com has the most comprehensive list of festivals across BC and Alberta.  You can search by theme (food, music) and by region. Happy trails!

Real Estate Matters

The June Housing Market Update from the REBGV looks at "Locality" - some cities are active sellers markets with upward pressure on price, while others remain balanced.  Check out the details in the Market Stats section below.

June 2014 Housing Market Update - The Real Estate Board of Greater Vancouver 

 

TD Bank report forecasts that home prices will rise by 5% by end of year.  And demand for luxury real estate in Vancouver is booming according to Sotheby's 

 

Affordability is a topic of concern for the Vancouver market, but did you know that 48% of homeowners are mortgage-free?

 

Fix it or not?  What to ask when prepping your home for sale

 

More advice for sellers:  7 must-do's on days your house is shown to buyers

 

Pictures:  Classic heritage homes of Vancouver

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Market Statistics for June 2014
"Be in the know" about the local real estate market (sales, listings, days on market) in areas and neighbourhoods that matter to you.  Detached homes are selling like hot cakes in most areas! 
   -  Vancouver, West Van, North Van & Richmond,  click here

   -  Burnaby, Coquitlam, New West, PoCo, Pitt Meadows and Maple Ridge, click here

   -  For Surrey, Langley, White Rock and other Fraser Valley cities -  click here

 

Keep an eye on price trends!
To better understand house price trends, check out the statistics from the Greater Vancouver and Fraser Valley real estate boards. They report on Home Price Index changes by city & property type (similar to the CPI). You can also find copies of these reports on my website on the tab How's the Market?  
Market in Action

Below are a selection of current listings across the Lower Mainland.  For fun, all are condos, and all have rooftop decks!  If you need any more details, just ask.

CLICK ON THE PHOTOS FOR MORE DETAILS!

University, Vancouver

2400 sf ocean view penthouse. 3 bed/bath. Private elevator. Listed at $2.5M 
Central Lonsdale, North Van
 
City & ocean views from every room.  2 bed/2 bath. Patio with hot tub & gas fireplace.  List $1.6M
McLennan North, Richmond

1 bdrm in concrete low-rise. Central location, 700 sf patio.  Pool,
clubhouse & more! List $748K
 
White Rock   

1400 sf garden patio w/ocean views.  2 bdrm/2 bath.  Air cond.  Bonus 3 parking!  List $675K
      
Brentwood, Burnaby
 
Stunning 180 degree views from 3 bdrm penthouse.  Great central location.  Listed for $559K
The Quay, New West
 
2 bdrm penthouse.  Amazing 
river views from 570 sf deck. 
Listed for $540K
Closing Thoughts:       

Looks like we're well into a very nice stretch of sunny weather - enjoy!  Perhaps take in the fireworks one night (if you can handle the crowds).  The Honda Celebration of Light is the largest offshore fireworks competition in the world and attracts up to 400,000 spectators along English Bay each evening.

Honda Celebration of Light 2013 

 Cheers, Kathy 

 

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Kathy PlanteCan't see the image? Click the link above

604-329-1405

Sutton Group - West Coast Realty