I just finished uploading this Townhouse for sale, 79 18221 68 ave, Cloverdale, B. C.

MAGNOLIA- QUIET, END UNIT, WELL-KEPT LEVEL ENTRY HOME IN FAMILY COMPLEX, WITH PRIVATE FENCED YARD & PATIO OFF MAIN FLOOR. 3 BEDROOMS, 3 BATH (POWDER ROOM ON MAIN), WITH BRIGHT,OPEN KITCHEN-EATING AREA-FAMILY ROOM . OPEN DEN AT FRONT ENTRY FLEXES AS GAMES ROOM, OFFICE, MUSIC ROOM ETC. FEATURES INCLUDE LAMINATE ON MAIN, SOME UPDATED LIGHTING, GAS FIREPLACE, GENEROUS SIZE BEDROOMS, SINGLE GARAGE PLUS FULL DRIVEWAY FOR ADDITIONAL CAR. MASTER BEDROOM BOASTS WALK-IN CLOSET & FULL ENSUITE. LOW STRATA FEE OF $214.83/MO. WELL MANAGED BY HUGH & MCKINNON (604-531-1909). MAGNOLIA HAS AN EXERCISE CENTER, ALLOWS 2 RENTALS (OF 90 UNITS TOTAL), 2 PETS ANY SIZE, & PROVIDES VISITOR PARKING CLOSE TO UNIT. KIDS WALK ACROSS THE STREET TO NEW ELEMENTARY SCHOOL & PARK, AND HIGH SCHOOL IS ABOUT 4 BLOCKS AWAY. WALKING DISTANCE TO HILLCREST MALL, SUPERSTORE, STARBUCKS. QUICK ACCESS TO #10 OR #1 HWYS. EASY TO VIEW: END OF JULY OR LATER PREFERRED FOR CLOSING, BUT FLEXIBLE

I just finished uploading this House for sale, 3910 200A ST, LANGLEY, B. C.

BROOKSWOOD TOTAL RENO!

I just finished uploading this Townhouse for sale, 5 6747 203 st, LANGLEY , B. C.

SAGEBROOK- UPDATED 2 BED, 2 FULL BATH UNIT IN QUIET SECTION OF WELL-MAINTAINED COMPLEX, WITH SOUTH EXPOSED BALCONY, PATIO, & SPACIOUS FENCED YARD. UPGRADES INCLUDE NEW ESPRESSO-COLORED LAMINATE FLOORS, FAUCETS, PAINT, BASEBOARDS, SOME LIGHTING, & CUSTOM WINDOW TREATMENTS. KITCHEN FEATURES LOTS OF CABINETS AND COUNTER SPACE, EATING BAR,FULL TILE SPLASH, AND SEPARATE EATING AREA THAT FLEXES AS COMPUTER NOOK. 2 GENEROUS-SIZED BEDROOMS UPSTAIRS- & MASTER BEDROOM OFFERS FULL ENSUITE WITH DOUBLE SINKS & OVER-SIZE SHOWER. SAGEBROOK BOASTS CLUBHOUSE, HOT TUB, & POOL, & THIS HOME FACES GREENERY & LAWN AREA, NOT INTO OTHER UNITS. TANDEM GARAGE PLUS LOTS OF VISITOR PARKING CLOSEBY. LOW STRATA FEE OF $213.36/MO., INCLUDES AN ON-SITE CARETAKER & PROFESSIONAL LANDSCAPING. KIDS WALK TO MONTESSORI SCHOOL. CLOSE TO SHOPPING (COSTCO, WALMART ETC) PARK, TRAILS, & TRANSIT. A VERY NICE HOME! 2 PETS OK.

News Release: April 2, 2015

MARCH PROPERTY SALES CLIMB IN THE FRASER VALLEY

(Surrey, BC) – In March, sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) reached the highest they’ve been in nine years. The Board processed 1,857 sales, a 47 per cent increase compared to the 1,259 sales in March of last year. Sales during March of 2006 were 2,072.

Jorda Maisey, President of the Board, attributes the strength in the market to a number of factors. “Our population is growing, interest rates continue to remain supportive of housing demand and consumers are confident. It all adds up to a desire to invest in real estate now.”

In March, the Board processed 11 per cent more new listings compared to March 2014, however higher sales eroded the number of active listings. March finished with 8,193 active listings of all property types, 7 per cent fewer than available during the same month last year.

Maisey adds, “It’s important to emphasize that supply and demand vary depending on property type and location. Currently, demand for single family detached homes is outpacing supply in most Fraser Valley communities resulting in lower inventory levels, upward pressure on prices and homes selling faster than they did last year.

“For buyers looking for a detached home or in certain areas a townhome, your REALTOR® will advise that selection is limited, you will have less time to make decisions and their ability to negotiate a lower price for you is diminished. This is not the case if you’re looking to invest in an apartment or an acreage property where the market continues to favour buyers.”

The MLS® HPI benchmark price of a Fraser Valley single family detached home in March was $588,500, an increase of 4.5 per cent compared to March 2014 when it was $563,400.

In March, the benchmark price of townhouses was $299,700, an increase of 0.9 per cent compared to $297,100 in March 2014. The benchmark price of apartments decreased year-over-year by 2.4 per cent, going from $195,400 in March 2014 to $190,800 in March 2015.

In March, the average number of days to sell a single family detached home in the Fraser Valley was 38 days, down from 44 days in 2014. Townhomes took 48 days on average to sell, while apartments took 61 days, both comparable with March of last year.

Full package:
http://www.fvreb.bc.ca/statistics/Package%20201503.pdf

I just finished uploading this House for sale, 5786 184a st, Cloverdale, B. C.

IT'S ALL DONE FOR YOU! Family neighborhood- Extensively Updated home on quiet street (doesn't back onto 184st!) reflects pride of owners- Roof (3 yrs) furnace & hot water tank(2008), Newer hardwood floors, lighting, paint, baths, tile, kitchen, custom draperies & roller shades, main floor doors, windows (2011) & skylight. Formal living room features gas FP & soaring vaulted ceiling. Dining room has coffered ceilings & room for hutch. Open kitchen- eating area boasts quartz counters, new sink, faucet, & tile splash, Island, cherry cabinets w/pullouts, BI microwave. Double french doors open to covered patio w/gas BBQ line, & manicured garden features 7 zone sprinkler system, garden lights on timers, small water feature, hot tub (optional) & 12x10 shed w/power. Main floor den w/BI bookshelves- could flex as 4th bedroom. Master bedroom w/BI cabinet & full ensuite, Walk-In Closet. Full laundry rm. Double garage + lots of driveway space. Garage has extra lighting, 240 power, & Workshop area & shelves can be converted back, but still room for cars to park. Kids walk to school and park.

I just finished uploading this Apartment for sale, 19982 39a ave, Langley, B. C.

I just finished uploading this Townhouse for sale, 9 6140 192 st, Cloverdale, B. C.

The Estates of Manor Ridge- Adult-oriented (45+), well-maintained and quiet, gated complex, close to shops & transit. 3 Bedrooms up, & 3 baths (2 pc powder room on main floor) & laundry on main. Open & bright living & dining area, with gas fireplace & sliding glass doors to South-exposed backyard with patio & garden for privacy. New carpets, new stainless appliances, flooring, & paint, Roof redone in 2003. Kitchen allows room for table set, with window for natural light. Master bedroom boasts full ensuite, and two other bedrooms are generous size. Single garage with storage space plus lots of visitor parking. Great Clubhouse with a real community feeling and optional social activities. One pet- cat, or dog, 18in max at shoulder. No rentals. Monthly strata fee of $287.98. Well priced, & Quick possession possible

I just finished uploading this Townhouse for sale, 1 1450 VIDAL ST, WHITE ROCK, B. C.

DEVON- END UNIT, NO GST! FORMER SHOW HOME (STILL LOOKS LIKE ONE!), QUIET STREET, MINUTES TO BEACH, SHOPS, TRANSIT, THEATRE. KITCHEN OPENS INTO FAMILY ROOM- EATING AREA. HIGH-END FINISHING INCLUDES ENGINEERED HARDWOOD, 9' CEILINGS, NO BIFOLDS (DOORS ONLY), HIGH-EFFIC. FURNACE, QUARTZ COUNTERS THROUGHOUT, BUILT-IN CABINETS & BOOKCASES, 2"BLINDS, POWDER RM ON MAIN FLOOR, SECURITY SYSTEM, RI VACUUM & FIREPLACE. BRIGHT KITCHEN BOASTS HUGE ISLAND/EATING BAR W/QUARTZ, STAINLESS APPLIANCES, BI OVEN & MICROWAVE, GAS RANGE, & LOTS OF CABINETS W/SOFT-CLOSE DOORS. DINING ROOM FLEXES AS OFFICE, GYM AREA, ETC. MASTER BEDROOM IS ENHANCED WITH SOFT, WARM COLORS, WALK-IN CLOSET WITH ORGANIZERS, FULL ENSUITE W/DOUBLE SINKS & OVER-SIZE SHOWER. COMPUTER NOOK FEATURES BUILT IN CABINETS & BOOKCASE. LOTS OF STORAGE AREA. TWO DECKS PLUS FENCED YARD & PATIO. RENTALS ALLOWED, BBQS, 2 PETS ANY SIZE (NO DANGEROUS BREEDS). 8 YRS OF WARRANTY REMAINING. TANDEM GARAGE PLUS FULL DRIVEWAY FOR THIRD CAR OR VISITORS. MODERATE MONTHLY STRATA FEE OF $242.96. A BEAUTIFUL HOME.

I just sold this Townhouse at 119 5641 201 Street, Langley, BC Langley City.

View this recently sold Townhouse or see all my home sales

I just sold this Condo at 419 9688 148 Street, Surrey, BC .

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News Release: March 3, 2015

EARLY SPRING FEVER HITS FRASER VALLEY REAL ESTATE MARKET

(Surrey, BC) – In February, sales of all property types in the Fraser Valley increased by 21 per cent in one year with demand for two property types in particular - single family detached homes and townhomes - outpacing supply.

Last month, the Fraser Valley Real Estate Board processed 1,337 sales on the Multiple Listing Service® compared to 1,102 sales in February of last year. New listings in February totaled 2,610 which added up to 7,864 active listings, up from January’s 7,307 but a decrease of 4 per cent compared to February 2014’s 8,210 active listings.

“It was our busiest February since 2007,” says newly elected Board President Jorda Maisey. “In my community of Langley, the average number of days to sell a detached home is now less than one month and it’s a challenge finding the right product for some of our buyers, however every area is different. To understand the market for your home in your neighbourhood, talk to your REALTOR®.”

A measurement the real estate industry relies on to gauge the health of the housing market is the ratio between sales and active listings. For the Lower Mainland, the balanced range is between 12 and 20 per cent; which means when it’s less than 12 it favours buyers and greater than 20 it favours sellers. The ratio in February for single family detached homes was 26 per cent; townhomes 22 per cent and apartments 12 per cent.

Maisey adds, “Our best seller in the Fraser Valley remains the single family detached home, followed by townhomes in part because almost half our buyers are families with children, but also because these products are so much more affordable in the Fraser Valley. With a typical townhome costing less than $300,000 and interest rates so low, many first-time buyers are finding they can get more for their money here.”

The MLS® HPI benchmark price of a Fraser Valley single family detached home in February was $581,400, an increase of 4.2 per cent compared to February 2014 when it was $558,100.

In February, the benchmark price of townhouses was $297,200, a decrease of 0.6 per cent compared to $298,900 in February 2014. The benchmark price of apartments also decreased year-over-year by 1.8 per cent, going from $193,200 in February 2014 to $189,700 in February 2015.

Across Fraser Valley, the average number of days to sell a single family detached home in February was 41 days, ten days faster than last year. Townhouses on average took 55 days to sell; one day faster than last February, while Fraser Valley apartments sold on average in 70 days, on par with February 2014.

Full package:
http://www.fvreb.bc.ca/statistics/Package%20201502.pdf

News Release

For Immediate Release: February 3, 2015

New Year kicks off with average activity for Fraser Valley real estate market

SURREY, BC – Fraser Valley’s real estate market improved in January compared to 2014 with sales and new listings reflecting levels close to seasonal norms. The Fraser Valley Real Estate Board processed 853 sales on its Multiple Listing Service® (MLS®) in January, an increase of 10 per cent compared to January 2014 and 21 per cent fewer then were processed in December. Sales in January ranked in the middle of the pack for the last ten years coming in 2 per cent under the 10-year average.

Ray Werger, President of the Board said, “We’re typically a little slower post-holdiay season and this year echoed that trend until about mid-month, when we noticed inquiries from interested buyers start to pick up at a number of our offices – including an increase in calls from first-timers.

“Can we attribute it to the interest rate drop? We can’t know what specifically motivated them to act, but we do know that stability generates confidence in the economy and confidence stimulates the housing market.”

The Board received 2,714 new listings in January, an increase of 1 per cent compared to January of last year and more than doubling the listings received in December 2014. From a historical perspective, January 2015’s new listings – similar to sales – finished 5 per cent above the 10-year average.

Werger explained, “It’s normal for us to see inventory start to climb at the beginning of the year in preparation for a busier spring market. What’s different this year is with sales as strong as they are for detached homes; particularly in the mid-price point, the shortage that we started to see late last year in certain areas isn't diminishing.”

Across Fraser Valley, the average number of days to sell a single family detached home in January 2015 ranged anywhere from 30 to 80 days depending on the community. “That’s a big difference. Ask your REALTOR® to show you the impact of supply and demand on prices and average days to sale in your neighbourhood,” added Werger.

The MLS® HPI benchmark* price of a Fraser Valley single family detached home in January was $571,700, an increase of 3.5 per cent compared to January 2014 when it was $552,500. In January, the benchmark price of townhouses was $293,800, a decrease of 1.3 per cent compared to $297,600 in January 2014. The benchmark price of apartments also decreased year-over by 1.5%, going from $192,300 in January 2014 to $189,500 in January 2015.

*Note:

The national MLS® Home Price Index (MLS® HPI) underwent its annual review in January, 2015. This led to two changes:

1. Neighbourhoods where home sales over the past three years totaled 12 or less have been removed from the model. Neighbourhoods where sales have increased to 20 or more over the past three years have been added. Composite and aggregate historical MLS® HPI data now reflect these changes.

2. Benchmark property descriptions have been updated to reflect currenty buying trends. 

Background:

HBI Benchmark prices represent the value of a 'typical' property within a market. When the HPI was developed in 2011, a composite description was created for every neighborhood and property type based on MLS® sales data for that specific neighbourhood. What people typically purchase can change over time due to changes in affordability and buyer preferences. Therefore, it’s necessary for these descriptions to be periodically updated. The updated MLS® HPI methodology is available at:

http://homepriceindex.ca/hpi_resources_en.html.

Stats provided by the Fraser Valley Real Estate Board. For a full package visit: http://www.fvreb.bc.ca/statistics/Package%20201501.pdf