Let us help you

      

 

                                 www.RealEstateYouCanTrust.ca

                                           Ph: 778-355-6400

                                    info@RealEstateYouCanTrust

Read full post

What Home Inspectors See that You Can’t.

 

When you make an offer on a home, it’s a smart idea to have a professional home inspector check it out from top to bottom. This inspection will ensure that the property doesn’t have any unexpected “issues”. After all, you don’t want to buy a home only to discover that the roof needs to be replaced, immediately, for thousands of dollars.

 

That being said, you might question whether you really need to invest the hundreds dollars it costs for a professional home inspection. “The home we want to buy looks like it’s in very good shape,” you might be thinking. “I can’t see anything wrong with it.”

 

However, a professional home inspector can see things you can’t. When you view a property that’s on the market, you might be able to notice obvious issues, like a crack in the foundation or a dripping faucet. If you’re experienced with home maintenance, you might even notice roofing tiles that look like they’re overdue for replacement. 

 

But you won’t pick up all the issues a home inspector can.

 

A home inspector will, for example, use a special device to check for moisture build-up in the washrooms – which can be an indication of mould. He or she will also inspect wiring to make sure everything is safe and compliant with the building code.

 

That’s not all.

 

Like a determined detective, a home inspector will investigate the property’s structure, electrical and plumbing systems, insulation, and other components — and then report the findings to you.

 

In the end, a professional home inspection gives you peace-of-mind and protects your investment. So getting one is highly recommended — even for recently built homes.

 

A good REALTOR® can recommend a trusted home inspector for you.

 

Looking for more ideas on making smart decisions when buying a home? Call us today for our list of recommended inspectors.



Read full post

There is no way to keep your address off of Google Maps however, you can get Google to blur out your property so Google Maps users will not see it. Here’s the process to get your property, license plates or faces blurred:

- Go to Google Maps and type in your address
- Bring up the street view of your property
- Look to the bottom right hand corner of the screen you should see an Icon Labeled: “report a problem.”
- Click on “report a problem.”
- You will see a page labeled “report inappropriate street view.”
- Adjust the image so your house is inside the red box.
- Fill out the form
- Type/click the verification code at the bottom of the page into the box provided and click submit.
- Check back in a few days to see if the image has been blurred.

Link to find your address on Street View Maps: https://www.google.ca/maps

Judy Sehling
Keller Williams Black Diamond Realty 

 

Street View

Read full post

It’s shocking how much damage water can cause. Just a few gallons from a burst pipe or overflowing toilet can wreak havoc throughout your home and necessitate thousands of dollars in repairs. Ouch! What should be done at the first sign of water leakage? First, stop the source. Check under and around the sink, turn off the nearest water valve. If you can’t find it, turn off the main water valve to your home. If you do not know where the main water valve is located, check your home inspection report. Next, do everything you can to soak up as much water as possible. If necessary, lift carpeting. Borrow your neighbours Shop Vac. Pay particular attention to water settling next to walls or inside ductwork. Get these areas dry as quickly as possible. Containment is important. Do your best to prevent water from infiltrating other rooms. Once you’ve got the area as dry as possible, run fans in the room along with a high powered dehumidifier – for at least a full day – to draw in the remaining moisture.

If, despite your best efforts, you suspect that moisture remains inside the walls, floors or ceilings, call in the professionals. There are many companies that specialize in emergency water damage control.  Google “Restoration Services.” Also, consider contacting your insurance company… especially if the damage will cost more than your deductible to fix. They’re as motivated as you are to reduce the damage.

 

 

 

Judy Sehling

Keller Williams Realty

Read full post

When you are thinking of selling your home and buying another, you face the inevitable question: Should I buy a new home first or list my property first? Let’s take a look at both options. If you attempt to buy a property before listing your home, you run into a couple of challenges. First, sellers may not take you seriously as a buyer. After all, you haven’t put your own home up for sale yet. As far as they are concerned, you might merely be testing the market.

 Second, your property might not sell as quickly as you thought it would. If you have removed subjects on your new home and it has an early closing date, you might end up owning, and paying a mortgage on both properties, at least until your home sells. This may make you feel desperate to sell for a lower price than you would have wanted.

 If, on the other hand, you list and put your property on the market before buying a new home, the sellers will know you are serious. That puts you in a better position when you want to make an offer. Also, if your home sells quickly, you’ll have the peace-of-mind of knowing exactly how much of a new home you can afford. You’ll be able to shop with confidence. Of course, like the first option, there is a chance that the closing dates won’t match and you’ll end up owning two properties for a period of time. Solutions such as bridge financing are available to help if the closing dates on both your purchase and sale don’t match. A REALTOR® who has experience dealing with these situations on a regular basis will be able to guide you through the process.

 Judy and Forrest regularly help their clients right-size their lives and move into new homes that fit their current needs. They have an incredibly high success rate of negotiating closing dates to match up so that bridge financing doesn’t have to come into play. Whether you are downsizing or upsizing, Judy and Forrest can help. Call for more information.

 

written by: Judy Sehling

Keller Williams

Realty Real Estate You Can Trust

Read full post

Understand your insurance policies. An Ontario couple's home insurance claim is being denied after the pipes of their emergency fire sprinkler system froze and burst, causing major damage.

 Intact denied the claim, saying that under the policy, the water needed to be turned off and drained, including the fire sprinkler system, if the couple were away for more than a few days. "We've got the fire department on the one hand telling us we have to have a system and it's got to be maintained on at all times. We've got the city telling us we have to have the system it's a building code requirement. We got the insurance company telling us, you can't do that or you're not insured. It doesn't make any sense at all."

 "I put a question to our adjuster early on. I said, 'Supposing instead of a flood we had a fire, and we had turned off our fire system, what then?' Obviously I didn't get an answer, but I can guess what it would have been." ‪#‎Insurance

 By Rosa Marchitelli,

CBC News Full article here: CBC INSURANCE NEWS

Read full post

Rebate Tip! Many people are not aware that YOU must apply for this every year in order to qualify. Your bank or lender will not apply for it on your behalf. The BC Home Owner Grant Reduces property taxes for home owners with an assessed value of up to $1,100,000. The basic grant gives home owners:

• a maximum reduction of $570 in property taxes on principal residences in the Capital, Greater Vancouver and Fraser Valley regional districts;

• an additional grant of $275 to seniors aged 65+, those who are permanently disabled and war veterans of certain wars.

BC Home Owner Grant
Source: BC Ministry of Small Business and Revenuewww.rev.gov.bc.ca/hog or contact your municipal tax office.

Read full post

Effective May 30, anyone who has an insured mortgage will no longer be able to act as a co-borrower on another mortgage that CMHC insures.

What does that mean? If you currently own a home and your down payment was less than 20% (CMHC Insured), then you cannot purchase or cosign on another property with less than 20% down.

Similarly, parents who have a mortgage that’s insured will no longer be able to act as a co-borrower for their children on an insured mortgage.

 

Globe and Mail News Article

 

Read full post

* Update hardware, faucets, sinks, grout in kitchens & bathrooms.

* Paint throughout with neutral colours. A blank slate is best.
* Declutter & Depersonalize. Put excess furniture in storage.
* Add Fresh Flowers.
* Use double beds instead of queens and kings.
* Never cook a meal before a showing. 
* Increase wattage in lightbulbs. Brighten up your rooms. Add lamps to eliminate dark spaces. 
* Glass tables make rooms appear larger.


Sell your homes faster with these Real Estate tips. 

Read full post

 
Great news for First-Time Home Buyers!
 
The government has raised the Property Transfer Tax exemption threshold from $425,000 to $475,000.
 
Property Transfer Tax is calculated at a rate of 1% on the first $200,000 and 2% of the remaining value of the purchase price. Qualifying first-time home buyers will not have to pay this tax if the price of the property is less than $475,000. That’s a tax savings of up to $7500!
 
This is perfect timing for many people wanting to get into the market. I will explain this in greater detail and many other tips at my real estate seminar for First-Time Home Buyers on March 15, 2014. Do you know anyone thinking about buying a property? If so, this 2 hour seminar is a must.
 
 
Just released from the Greater Vancouver Real Estate Board, February 18, 2014:
 

Government reduces tax burden on first-time buyers

First-time home buyers received welcome news in today’s provincial budget. Any REALTORS® currently working with first-time buyers will want to share this news with them as soon as possible.

 

The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was $425,000.

 

The partial exemption continues and will apply to homes valued between $475,000 and $500,000.

With this change, the government estimates 1,700 additional first-time buyers will annually be eligible to save up to $7,500 in PTT when they buy their home.

 

The government estimates this measure will cost $8 million in lost tax revenue each year.

The Real Estate Board, together with BC Real Estate Association, has actively lobbied to make home ownership more affordable for first-time home buyers. This increase in the threshold clearly signals our efforts have paid off as in past years.

 

In 2008, as a result of industry lobbying, the provincial government increased the threshold to $425,000 from $375,000. 

 

In 2005, the government increased the threshold to $325,000 from $275,000.

 

The PTT is calculated at a rate of one per cent on the first $200,000 and two per cent on the remaining value of the purchase price.

 

Here is a link to the Budget.: http://www.bcbudget.gov.bc.ca/2014/default.htm

 

Read full post

 

 

Steady trends continue in the Greater Vancouver housing market

 

VANCOUVER, B.C. – February 4, 2014 – The first month of 2014 saw home sale and listing totals outpace historical averages in the Greater Vancouver housing market.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,760 on the Multiple Listing Service® (MLS®) in January 2014.

This represents a 30.3 per cent increase compared to the 1,351 sales recorded in January 2013, and a 9.9 per cent decline compared to the 1,953 sales in December 2013.

 

Last month’s sales were 7.2 per cent above the 10-year sales average for the month.

 

“The Greater Vancouver housing market has been in a balanced market for nearly a year. This has meant steady home sale and listing activity accompanied by stable home prices,” Sandra Wyant, REBGV president said.

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,345 in January. This represents a 4.2 per cent increase compared to the 5,128 new listings reported in January 2013.

 

Last month’s new listing count was 17.7 per cent higher than the region’s 10-year new listing average for the month.

 

The total number of properties currently listed for sale on the Greater Vancouver MLS® is 12,602, a 4.9 per cent decline compared to January 2013 and a nine per cent increase compared to December 2013.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro

Vancouver is currently $606,800. This represents a 3.2 per cent increase compared to January

2013.

 

With the sales-to-active-listings ratio at 14 per cent, the region remains in balanced market territory.

 

“If you’re looking to sell your home in a balanced market, it’s critical that your list price is reflective of current market conditions,” Wyant said. 

Sales of detached properties in January 2014 reached 728, an increase of 34.3 per cent from the 542 detached sales recorded in January 2013, and a 10.5 per cent increase from the 659 units sold in January 2012. The benchmark price for a detached property in Greater Vancouver increased 3.2 per cent from January 2013 to $929,700.

 

Sales of apartment properties reached 753 in January 2014, an increase of 30.7 per cent compared to the 576 sales in January 2013, and an increase of 14.6 per cent compared to the 657 sales in January 2012. The benchmark price of an apartment property increased 3.7 per cent from January 2013 to $371,500.

 

Attached property sales in January 2014 totalled 279, an increase of 19.7 per cent compared to the 233 sales in January 2013, and a 6.9 per cent increase from the 261 attached properties sold in January 2012. The benchmark price of an attached unit increased 1.7 per cent between January 2013 and 2014 to $457,700.

 

Take a look at the latest Greater Vancouver Real Estate Statistics for our local market, by following the link below, and call me to discuss how this information is used for buying and selling homes in your specific neighbourhood. You can reach me directly at 604.715.3900 or email me at judy@judysehling.com. If you would like to receive this information monthly to your inbox, subscribe to my Newsletter.



Download the full Real Estate Statistics by clicking here. 

Read full post



Fraser Valley Home Sales in October Consistent with 10-year Average.

 

 

For Immediate Release: Nov. 4, 2013

 

SURREY, BC – An increase in sales and a decrease in new listings last month resulted in Fraser Valley’s real estate market returning to typical activity levels for October – on par with that month’s 10‐year average.

 

The Fraser Valley Real Estate Board posted 1,249 sales on its Multiple Listing Service (MLS®) in October, an increase of 19 per cent compared to the 1,053 sales processed during October 2012. At the same time, the Board received 2,336 new listings, a decrease of 7 per cent compared to the 2,522 new listings received during the same time period last year.

 

Ron Todson, President of the Fraser Valley Real Estate Board, says, “We’ve had a great summer and good early fall, but it’s important to remind everyone of the context. The last four months of 2012 were amongst the slowest for our real estate market in the last 15 years.

 

“What we’re witnessing is a return to a balanced residential market indicated by prices remaining unchanged or down slightly compared to a year ago, stable inventory levels and the average length of time to sell a home is about two months.”

 

In October, the benchmark price of single family detached homes in the Fraser Valley was $551,400 a 0.8 per cent increase compared to $546,900 during the same month last year. For townhouses, the benchmark price was $295,500, a decrease of 0.5 per cent compared to $297,100 in October 2012 and the benchmark price of apartments was $199,500, 2.2 per cent less than in October 2012 when it was $203,900.

 

In October, the Board’s listing inventory was 9,047, a decrease of 10 per cent compared to the 10,051 active properties that were available in October of 2012.

 

Todson adds, “We characterize our overall market as balanced because of the ratio of sales compared to the number of active listings, however that ratio changes for every community and property type in the Fraser Valley.

 

We have quite a range; some markets with less than 10 per cent of inventory selling and others where more than 25 per cent of the housing stock will sell in one month. If you want to know what’s happening with your local market and how it would affect the selling price of your home, talk to your REALTOR®.”

 

 

Take a look at the latest Fraser Valley Real Estate Statistics for our local market, by following the link below, and call me to discuss how this information is used for buying and selling homes in your specific neighbourhood. You can reach me directly at 604.715.3900 or email me at judy@judysehling.com. If you would like to receive this information monthly to your inbox, subscribe to my Newsletter.



Download the complete statistics package by clicking here. 

Read full post

Balanced conditions continue in the Greater Vancouver housing market

The Real Estate Board of Greater Vancouver (REBGV) reports that home buyer and seller activity continues to mirror historical averages in the Greater Vancouver housing market. These trends have helped keep the region in a balanced state for the last nine months. 

 

Residential property sales in Greater Vancouver reached 2,661 on the Multiple Listing Service® (MLS®) in October 2013. This is a 37.8 per cent increase compared to the 1,931 sales recorded in October 2012, and a 7.2 per cent increase from the 2,483 sales recorded in September 2013.

 

New listings for attached, detached and apartment properties in Greater Vancouver totalled 4,315 in October 2013. This represents a 0.2 per cent decline from the 4,323 new listings reported in October 2012, and a decrease of 14.2 per cent compared to the 5,030 new listings reported in September of this year.

 

Last month’s sales were 2.8 per cent above the 10-year sales average for the month, while new listings for the month were 1.9 per cent below the 10-year average.

 

The sales-to-active-listings ratio is currently at 17.4 per cent in Greater Vancouver.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is $600,700. This represents a 0.5 per cent decline compared to this time last year.

 

Sales of detached properties reached 1,067 in October 2013, an increase of 35.1 per cent from the 790 detached sales recorded in October 2012 and a 9.5 per cent increase from the 974 units sold in October 2011. The benchmark price for detached properties decreased 0.5 per cent from October 2012 to $922,600.

 

Sales of apartment properties reached 1,098 in October 2013, an increase of 36.7 per cent compared to the 803 apartment sales recorded in October 2012, and an increase of 14.6 per cent compared to the 958 sales in October 2011. The benchmark price of an apartment property decreased 0.9 per cent from October 2012 to $365,600.

 

Attached property sales totalled 496, an increase of 46.7 per cent compared to the 338 attached property sales recorded in 2012 and a 29.8 per cent increase compared to the 382 attached property sales recorded in October 2011. The benchmark price of an attached property is $458,000, which is virtually unchanged from October 2012.

 

 

Take a look at the latest Greater Vancouver Real Estate Statistics for our local market, by following the link below, and call me to discuss how this information is used for buying and selling homes in your specific neighbourhood. You can reach me directly at 604.715.3900 or email me at judy@judysehling.com. If you would like to receive this information monthly to your inbox, subscribe to my Newsletter.



Download the complete stats package by clicking here. 

Read full post

Sale and listing activity continues to follow historical averages

Home buyer and seller activity in the Greater Vancouver housing market continues to far outpace 2012, yet is in line with the region’s 10-year averages.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,483 on the Multiple Listing Service® (MLS®) in September 2013. This represents a 63.8 per cent increase compared to the 1,516 sales recorded in September 2012, and a 1.2 per cent decline compared to the 2,514 sales in August 2013.

 

Last month’s sales were 1 per cent below the 10-year sales average for the month, while new listings for the month were 3.5 per cent below the 10-year average.

 

“While sales are up considerably from last year, it’s important to note that September 2012 sales were among the lowest we’ve seen in nearly three decades,” Sandra Wyant, REBGV said. “Home sale and listing activity this September were in line with the 10-year average for the month.”

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,030 in September. This represents a 5.5 per cent decline compared to the 5,321 new listings reported in September 2012 and a 20.2 per cent increase compared to the 4,186 new listings in August of this year.

 

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 16,115, a 12.2 per cent decrease compared to September 2012 and a 0.5 per cent increase compared to August 2013.

The sales-to-active-listings ratio currently sits at 15.4 per cent in Greater Vancouver.

 

“It’s important to remember that stronger sales activity does not necessarily equate to rising home prices. In fact, home prices have not fluctuated much in our market this year,” Wyant said.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $601,900. This represents a decline of 0.7 per cent compared to this time last year and an increase of 2.3 per cent compared to January 2013.

 

Sales of detached properties reached 1,023 in September 2013, an increase of 72.2 per cent from the 594 detached sales recorded in September 2012, and a 6.9 per cent increase from the 957 units sold in September 2011. The benchmark price for detached properties decreased 1.4 per cent from September 2012 to $922,600.

 

Sales of apartment properties reached 1,018 in September 2013, an increase of 50.6 per cent compared to the 676 sales in September 2012, and an increase of 10.4 per cent compared to the 922 sales in September 2011. The benchmark price of an apartment property decreased 0.5 per cent from September 2012 to $366,600

 

Attached property sales in September 2013 totalled 442, an increase of 79.7 per cent compared to the 246 sales in September 2012, and a 20.4 per cent increase from the 367 attached properties sold in September 2011. The benchmark price of an attached unit is currently $458,300, which is unchanged from September 2012.


Take a look at the latest Greater Vancouver Real Estate Statistics for our local market, by following the link below, and call me to discuss how this information is used for buying and selling homes in your specific neighbourhood. You can reach me directly at 604.715.3900 or email me at judy@judysehling.com. If you would like to receive this information monthly to your inbox, subscribe to my Newsletter.


Download the complete stats package by clicking here. 

Read full post

 

September Housing Market Shows Marked Improvement Over Last Year’s Historical Lows

                 

SURREY, BC – Oct. 2, 2013 

 

The Fraser Valley real estate market continues to edge closer to typical activity levels as September 

saw the largest year‐over‐year increase in property sales this year to date.     

 

The Fraser Valley Real Estate Board processed 1,131 sales on its Multiple Listing Service® (MLS®) in 

September, an increase of 32 per cent compared to the 857 sales processed during the same month 

last year and 10 per  cent fewer than processed in August.  

 

Ron Todson, President of the Board, explains, “It is good news however, it’s important to put the

increase into context. Our home sales in September went from the worst in 10 years to just below

our 10‐year average.  

 

“It can take a year or more for the market to recover from regulatory changes such as last year’s

tightening of mortgage rules introduced by the federal government. Although we are seeing 

evidence of first‐time home buyers returning to the market, we have to keep in mind that it is more 

challenging now for them to get financing, so although we’re witnessing a recovery to a balanced 

market it is gradual.”  

 

Todson adds, “An improvement in our sales in the Fraser Valley has not translated to an increase

in home prices because inventory levels have either kept pace or depending on the property type 

and community are elevated. 

 

“Your REALTOR® can provide specifics for your area, for example there is 12 months of condo 

inventory right now in White Rock/South Surrey, 5 months of inventory for single family homes in 

North Delta and only 3 and a half months of townhouse inventory in Langley. Real estate is local 

so to understand your market, talk to an expert.”

 

 

In September, the benchmark price of single family detached homes in the Fraser Valley was 

$552,900, a 0.6 per cent increase compared to $549,500 during the same month last year. For 

townhouses, the benchmark price was $296,200, a decrease of 1.4 per cent compared to 

$300,500 in September 2012 and the benchmark price of apartments was $203,100, 1.9 per 

cent less than in September 2012 when it was $207,000. 

 

The Board received 2,375 new listings in September, a decrease of 7 per cent compared to the 

2,544 new listings received during the same month last year-leaving the volume of active properties 

at 9,875 a decrease of 5 per cent compared to September 2012 and the lowest it’s been since 

March of this year.  

 

Take a look at the latest Fraser Valley  Real Estate Statistics for our local market, by following the link below, and call me to discuss how this information is used for buying and selling homes in your specific neighbourhood. You can reach me directly at 604.715.3900 or email me at judy@judysehling.com. If you would like to receive this information monthly to your inbox, subscribe to my Newsletter.

 

 

 

Download the complete stats package by clicking here. 

Read full post

July home sale activity increases in Greater Vancouver

 

Vancouver, B.C. - Aug. 02, 2013: The latest Greater Vancouver Real Estate Statistics for Home Sales in the Vancouver market area are available. This information is produced by the Greater Vancouver Real Estate Board.

 

Sunny weather did not slow the pace of home sale activity in July. Last month was the highest selling month of the year in Greater Vancouver and the highest selling July since 2009.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,946 on the Multiple Listing Service® (MLS®) in July 2013. This represents a 40.4 per cent increase compared to the 2,098 sales recorded in July 2012, and an 11.5 per cent increase compared to the 2,642 sales in June 2013.

 

Last month’s sales were 0.1 per cent above the 10-year sales average for the month.

“Demand has strengthened in our market in the last few months, which can, in part, be attributed to pent-up demand from the slowdown in sales activity we saw at the end of last year,” Sandra Wyant, REBGV president said. 

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,854 in July. This represents a 1.1 per cent increase compared to the 4,802 new listings reported in July 2012 and a 0.4 per cent decline from the 4,874 new listings in June of this year.

 

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 16,618, which is an 8.1 per cent decrease compared to July 2012 and a 3.9 per cent decline from June 2013.

 

The sales-to-active-listings ratio rose two and-a-half percentage points between June and July to 17.7 per cent in Greater Vancouver. This is the highest this ratio has been in Greater Vancouver since April 2012.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $601,900. This represents a decline of 2.3 per cent compared to this time last year and an increase of 2.3 per cent over the last six months.

 

“Home prices continue to experience considerable stability with minimal fluctuation throughout much of this year,” Wyant said. “This stability in price brings greater certainty to the home buying and selling process.”

 

Sales of detached properties reached 1,249 in July 2013, an increase of 59 per cent from the 787 detached sales recorded in July 2012, and a 13.7 per cent increase from the 1,099 units sold in July 2011. The benchmark price for detached properties decreased 3.1 per cent from July 2012 to $920,500.

 

Sales of apartment properties reached 1,210 in July 2013, an increase of 31 per cent compared to the 927 sales in July 2012, and an increase of 16.3 per cent compared to the 1,040 sales in July 2011. The benchmark price of an apartment property decreased 1.6 per cent from July 2012 to $368,300.

 

Attached property sales in July 2013 totalled 487, an increase of 27 per cent compared to the 384 sales in July 2012, and a 12.7 per cent increase from the 432 attached properties sold in July 2011. The benchmark price of an attached unit decreased 2.6 per cent between July 2012 and 2013 to $456,700. 

 

Take a look at the latest Greater Vancouver Real Estate Statistics for our local market, by following the link below, and call me to discuss how this information is used for buying and selling homes in your specific neighbourhood. You can reach me directly at 604.715.3900 or email me at judy@judysehling.com. If you would like to receive this information monthly to your inbox, subscribe to my Newsletter.


Download the complete stats package by clicking here. 

Read full post

Spring months bring balance to Greater Vancouver housing market


Vancouver, B.C. - June 04, 2013: The latest Greater Vancouver Real Estate Statistics for Home Sales in the Vancouver market area are available. This information is produced by the Greater Vancouver Real Estate Board.

“While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings meant continued market stability this spring.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,882 on the Multiple Listing Service® (MLS®) in May 2013. This represents a one per cent increase compared to the 2,853 sales recorded in May 2012, and a 9.7 per cent increase compared to the 2,627 sales in April 2013.

 

Last month’s sales were 19.4 per cent below the 10-year sales average for the month, while new listings for the month were 7.4 percent below the 10-year average.

 

“We’ve seen some steadying trends over the last three months,” Sandra Wyant, REBGV president said. “The number of homes listed for sale has been keeping pace with the number of property sales, leading to a balanced sales-to-listings ratio. This is having a stabilizing influence on home price activity.”

 

Sales of detached properties reached 1,212 in May 2013, an increase of 2.7 per cent from the 1,180 detached sales recorded in May 2012, and a 22.8 per cent decrease from the 1,570 units sold in May 2011. The benchmark price for detached properties decreased 5.2 per cent from May 2012 to $917,200.

 

Sales of apartment properties reached 1,136 in May 2013, a decline of 1.7 per cent compared to the 1,156 sales in May 2012, and a decrease of 7.5 per cent compared to the 1,228 sales in May 2011. The benchmark price of an apartment property decreased 3.7 per cent from May 2012 to $365,600.

 

Attached property sales in May 2013 totalled 534, an increase of 3.3 per cent compared to the 517 sales in May 2012, and a 7.8 per cent decrease from the 579 attached properties sold in May 2011. The benchmark price of an attached unit decreased 3.2 per cent between May 2012 and 2013 to $454,900.”

 

Take a look at the latest Greater Vancouver Real Estate Statistics for our local market, by following the link below, and call me to discuss how this information is used for buying and selling homes in your specific neighbourhood. You can reach me directly at 604.715.3900 or email me at judy@judysehling.com. If you would like to receive this information monthly to your inbox, subscribe to my Newsletter.

 

See the full Real Estate Statistics Package for the month of May 2013

Read full post

Search Listings Now!

Ready To Sell?

Insider Access