Can't see the images? Click the link above!

Hi everyone!  Can you believe it's mid-August already? Popular belief is that the real estate market slows down in the summer months (the phrase 'dog days of summer' comes to mind). But that's not the case this year, or for for the last few years for that matter.  Details in the two sections below.

Real Estate Matters

Here's the July Housing Market Update from the REBGV. Spring's strong market continued through July, and for some sub-markets, August sales are strong so far.

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

People hope to beat Metro's high housing prices with innovations in ownership & mortgages. Note the UDI/Fortis BC Index reports that affordability remains stable.


CTV Vancouver: Are Canadian housing prices overvalued?

Did you know there are over 4500 families with children living in Downtown Vancouver? This is pushing up demand for larger,family-size condo units in the area

For fun: 16 things you probably didn't know about Vancouver

The top 3 reasons to visit my website!

Can't see the images? Click the link above! 

Follow me on Twitter  

 

Find me on Facebook 

 

View my profile on LinkedIn 
Market Statistics for July 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, that are priced at or near the benchmark price for that city.  If you need any more details, just ask!

CLICK ON THE PHOTOS TO SEE ADDITIONAL PICTURES

Southlands, Vancouver
Immaculate 1960's family home,
rural setting near UBC & Dunbar. List $2.3M 
Delta Manor, Ladner

Character home on a huge 11000 sf lot backing onto waterway.  Great walk score. List $639K
Roche Pt, North Van

Updated '70's home on a private 
1100 sf lot backing onto Seymour golf course.  List $1.05M
Uptown, New Westminster  

Circa 1912, 3 bdrm character home with extensive updates.  Quiet dead-end street. List $699K
      
Websters Corners, M. Ridge
 
Investors:  up/down duplex on 
1/4 acre lot.  $2600/mo rental 
 List $475K
Langley City
Renovated 1979 family home, on private landscaped 10000sf lot
Listed for $579K
Closing Thoughts:       

For some summertime fun, check out this bird's-eye view of the Lower Mainland


The Fair at the PNE starts this weekend, which usually means rain, but the 14 day forecast looks pretty good!  Enjoy the rest of the summer!

Kathy 

 

************

Refer someone you care about to someone you trust

 

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

604-329-1405

Sutton Group - West Coast Realty