We are proud to announce that this Nov 23rd, 1:00 PM to 4:00 PM we will be hosting an Open House at 7505 149A Street in the Chimney Hills neighborhood, Surrey. This is an opportunity to visit this excellent House for sale in beautiful Chimney Hills.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Chimney Hills House for sale.

As always please do not hesitate to give me a call at 604.307.4242 if I can answer any questions before the open house, or if you would like to book a private showing.

Tammy Evans, Personal Real Estate Corporation
Treeland

News Release: November 4, 2014

INCREASED DEMAND FOR FRASER VALLEY TOWNHOUSES AND SINGLE FAMILY HOMES

(Surrey, BC) – The Fraser Valley Real Estate Board processed 1,448 sales on its Multiple Listing Service (MLS®) in October, an increase of 16 per cent compared to the 1,249 sales during the same month last year and 2 per cent more than in September.

Ray Werger, the Board’s president, says, “Sales overall continue to outperform last year and as we’ve seen for a number of months now are the best they’ve been in five years.

“Demand remains steady in our region for single family detached homes and townhomes. Last month, the market share of sales of single family homes increased by almost five per cent compared to last year; while the share of condo sales decreased by the same amount and we’re seeing that preference reflected in prices.” 

The MLS® Home Price Index (MLS® HPI) benchmark price of a detached home in October was $573,500 an increase of 4 per cent compared to October 2013, when it was $551,400.

The MLS® HPI benchmark price of townhouses increased 1 per cent from $295,500 in October 2013 to $298,500 last month. The benchmark price of apartments decreased year-over-year by 3.5 per cent, going from $199,500 in October of last year to $192,600 in October 2014.

In the last five years, the MLS® HPI benchmark price of a detached home in the Fraser Valley has increased by 16.6 per cent. For twnhouses, the price is flat having increased by 0.5 per cent and for apartments; the price has decreased by 6 per cent.

Werger adds, “With the influx of new developments and a steady supply of resale units, we’ve never had a better selection of condos than we do right now at prices the lowest they’ve been in years. For those that say housing isn’t affordable in Metro Vancouver, you need to check out the opportunities currently for condo buyers in the Valley.”   

In October, new listings in the Fraser Valley increased by 3 per cent, going from 2,336 last year to 2,395 last month taking the number of active listings to 8,807, a decrease of 3 per cent compared to the 9,047 active listings in October of 2013. “Inventory is edging down, which is typical for this time of year,” says Werger. “The result is we’re seeing good quality homes that are priced right moving quickly.”

Stats provided by the Fraser Valley Real Estate Board. For a complete stats package click here: 

http://www.fvreb.bc.ca/statistics/Package%20201410.pdf

I just finished uploading this Townhouse for sale, 68 20460 66 ave, LANGLEY , BC

Willow Edge - QUIET, END UNIT near back of well-maintained complex. 3 bed, 3 bath, plus Rec Room/Man Cave in basement with patio access. Bright unit with lots of windows!! Open plan kitchen/eating area, with lots of counter space and breakfast bar, & family room offers access to sundeck overlooking trees & private fenced yard. Formal dining room can flex as office or exercise area. Powder room on main floor! Master bedroom features walk-in closet and full ensuite with shower and double sinks. Other 2 bedrooms are generous size. Also offered - Fresh paint, (warm, neutral colors!), crown, new fridge, 9' ceilings & laminate through main floor, gas fireplace, & Double side x side garage with room for small car in driveway. Visitor parking close. Good location close to school, park, shops, & transit. Owners are non-smokers with no pets, but 2 pets are allowed. Great value here! Lots of gardens, trees, and kid's play area. 2 dogs allowed - any size!

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News Release: September 3, 2014

AUGUST MARKET TYPICAL FOR FRASER VALLEY REAL ESTATE

(Surrey, BC) – Even with a characteristic seasonal dip in sales, the Fraser Valley real estate market experienced its best August since 2011 with volumes improving over last year and finishing 10 per cent below the 10-year average for the month.

The Fraser Valley Real Estate Board processed 1,302 sales on the Multiple Listing Service® (MLS®) in August, an increase of 3 per cent compared to the 1,258 sales during the same month last year and a decrease of 19 per cent compared to the 1,615 sales in July.

Ray Werger, president of the Board, says, “As usual, we saw a typical summer slowdown in August compared to July, however like every month so far in 2014, August sales were higher than last year. It’s the continuation of the story we’ve seen all year; a return to a normal, balanced market.”

The Board added 2,382 new properties to the MLS® in August, an increase of 1 per cent compared to August of last year and a decrease of 13 per cent compared to July. August finished with 9,403 active listings, a decrease of 7 per cent compared to what was available during the same month last year.

Werger adds, “Generally in August, we saw sales of single family detached homes continue to outpace sales of townhouses and condos in the Fraser Valley. Depending on what property type you’re thinking of listing or buying, talk to your REALTOR® who will explain that the markets for detached and attached homes are quite different. We have only five months’ supply of detached homes currently and nine months’ supply of condos.

“With interest rates as competitive as they are combined with the increase of affordable, new townhome developments in Cloverdale and Langley in particular, we’re seeing first-time buyers bypass the condo phase to jump immediately to a larger, more expensive townhouse or a smaller single family home.”

The MLS® Home Price Index benchmark price of a single family detached house in the Fraser Valley in August was $569,800, an increase of 3.4 per cent compared to $551,000 in August 2013.

For townhouses, the benchmark price in August was $298,500 on par with the August 2013 price of $298,200. The benchmark price of apartments in Fraser Valley in August was $196,700, a decrease of 3.5 per cent compared to $203,900 in August 2013.

Full package: http://www.fvreb.bc.ca/statistics/Package%20201408.pdf

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News Release: August 5, 2014

MARKET STRENGTH CARRIES INTO SUMMER FOR FRASER VALLEY REAL ESTATE

(Surrey, BC) – Continued demand for single family homes and townhomes resulted in the busiest July in five years for the Fraser Valley Real Estate Board. The Board’s Multiple Listing Service® (MLS®) processed 1,615 sales in July, an increase of 11 per cent compared to the 1,456 sales in July last year and 1.4 per cent above the 10-year average for the month.

Ray Werger, President of the Board, says, “July’s steady activity is a continuation of what we’ve been seeing all year. Our market has fully recovered from last year’s slump and has returned to what we typically see in the Fraser Valley, which is a steady, consistent market.”

In July, the Board received 2,724 new listings, a decrease of 2 per cent compared to July 2013 taking the number of active listings in Fraser Valley to 9,636, a decrease of 8 per cent compared to the volume available in July 2013.

Werger says, “Although our sales were slightly above average for the month, the volume of new listings added to the MLS® was 7 per cent lower than what’s typical for July, so for certain property types and price ranges we’re actually seeing a shortage of listings creating a seller’s market for particular homes.

“When demand starts to exceed supply it puts upward pressure on prices and in areas such as White Rock/South Surrey, North Delta and Langley we’ve seen an increase in benchmark prices of single family detached homes ranging from 3 to 6.6 per cent over the last year. It’s a different story for condos. In most of our market, there’s excellent selection and prices lower than they were one year ago offering tremendous opportunities for buyers.”

In July, the benchmark price, as determined by the MLS® Home Price Index (MLS® HPI), of a ‘typical’ single family detached home was $568,300, an increase of 3 per cent compared to July 2013 when it was $551,000.

The HPI benchmark price of Fraser Valley townhouses increased by 0.2 per cent; going from $297,800 in July 2013 to $298,500 in July 2014. The benchmark price of apartments was $194,700 last month, a decrease of 3.6 per cent compared to $202,000 in July of last year.

Stats provided by the Fraser Valley Real Estate Board for a complete stats package visit: http://www.fvreb.bc.ca/statistics/Package%20201407.pdf

I just sold this House at 20210 48 Avenue, Langley, BC Creekside.

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I just sold this House at 7336 149A st, SURREY, B. C. CHIMNEY HEIGHTS.

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I just sold this Apartment at 306 1220 FIR ST, WHITE ROCK, BC .

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