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Friday, February 20, 2009

I sold a property at # 102 4691 W 10TH AV in Vancouver

Property Photo: # 102 4691 W 10TH AV  in Vancouver
I just sold a property at # 102 4691 W 10TH AV in Vancouver.
Bright North West with private patio in very well maintained concrete building. Across the street from UBC Golf Course. Live in one of Point Grey's best areas, close to 10th Avenue shopping and transportation. Move in right away or rent it out. Maintenance fees includes taxes, heat, hot water, caretaker and management. Prepaid leasehold strata until 2083.
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Thursday, February 19, 2009

I sold a property at 1706 Sugarpine Ct in Coquitlam

Property Photo: 1706 Sugarpine Ct  in Coquitlam
I just sold a property at 1706 Sugarpine Ct in Coquitlam.
Rare fine huge flat private backyard on greenbelt with in-ground sprinkler, lot of fruit tree & hot tub in quiet area. Separate entrance with potential for 2 bedroom suite, high ceiling in family & living. RV parking on side yard, 6 zone hot water heating
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Wednesday, February 18, 2009

Sales volume has more than doubled in the past 2 weeks!

We knew it was busy!  But I just got some preliminary stats from the Real Estate Board of Greater Vancouver.  In January, we averaged 38 sales per day.  As of yesterday, we have been averaging 77 sales per day since February 1st! 
 
Buy now!  Before the place you wanted is sold.
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Friday, February 6, 2009

Vancouver West - Detached Houses - Stats Jan 2009

The following is a summary of stats released by the Real Estate Board of Greater Vancouver. Most of it is specific to detached houses on the Westside of Vancouver. 
 
Housing Price Index
 
September: $1,315,517
October: $1,279,528
November: $1,116,267
December: $1,165,007
January: $1,134.773
 
3-Month Average: $1,138,682
 
1-Year Change: -19.3%
3-Year Change: +13.7%
5-Year Change: +54.5% 
 
Number of Sales
 
September: 46
October: 52
November: 25
December: 56
January: 46
 
Number of New Listings
 
September: 314
October: 232
November: 128
December: 74
January: 195
 
Total Active Listings (includes condos)
 
September: 4314
October: 4241
November: 4112
December: 3424
January: 3230
 
Total Sales (Includes condos)
 
September: 323
October: 285
November:  185
December: 211
January: 189
 
Summary 
 
The number of listings for sale is down for the 4th month in a row!  Sales for the month are down a tiny bit, but most of them were in the second half of the month.  Real estate sales always come to a crawl during Vancouver snow storms (ie the first 2 weeks of January)!  From being out in the trenches, I can tell you that sales are actually WAY up.  The stats will reflect that next month.
 
Prices are down a tiny bit since December, but still way up over November. The median pricing stats are actually way down (over 30% since December), but that just reflects a massive increase in the volume of entry level housing being sold.  The first-time buyers are back en masse!  Condos are flying off the shelves.  Multiple offers and sales over list price are becoming common, and well priced entry-level homes are selling in a matter of days. 
 
Prices are low -- relatively speaking, quite likely the lowest they have EVER been in Vancouver.  They're not going down any more, and you've only got 6-12 months before they start to shoot back up.  (We're already seeing people raising asking prices...)  And with interest rates the lowest in over 50 years, why WOULDN'T you be buying?
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Thursday, February 5, 2009

I sold a property at # 1501 813 AGNES ST in New_Westminster

Property Photo: # 1501 813 AGNES ST  in New_Westminster
I just sold a property at # 1501 813 AGNES ST in New_Westminster.
This Penthouse unit has a bargain-basement price tag. This top-floor corner unit, with two fully separated bedrooms plus a den, is ideal for young families, retirees, or people who share and need privacy.This nearly new unit has also had some classy updates, including new floors and double glass doors into the den. The den is the bonus in this unit - media room? office? dining room? 3rd bedroom? The News is only a few minutes away from Douglas College and the soon-to-be redesigned New Westminster Skytrain Station which will include a shopping precinct. Take advantage of the market! Buy Now!
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Tuesday, February 3, 2009

Real Estate Board - Press Release

Home listings withdraw as sales volume slows

VANCOUVER, B.C. – February 3, 2009
 
The first month of 2009 saw a continued reduction in the number of homes listed for sale in Greater Vancouver, while sales volumes in January were the lowest for that month since the early 1980s.
 
The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties declined 58.1 per cent in January 2009 to 762 from the 1,819 sales recorded in January 2008.
 
New listings for detached, attached and apartment properties declined 20.9 per cent to 3,700 in January 2009 compared to January 2008, when 4,675 new units were listed. Total active listings in Greater Vancouver currently sit at 13,966, down nearly 6,000 listings from October 2008.
 
Overall residential benchmark prices, as calculated by the MLSLink Housing Price Index®, declined 10.9 per cent to $489,007 between Januarys 2008 and 2009.
 
“Home sales and consumer confidence are at a low point at the moment, but the long-term strength and security of our housing market are beyond the reach of the economic clouds of today,” Dave Watt, REBGV president said. 
 
“Today’s short-term conditions are creating long-term opportunities. Buying opportunities have not been this strong in a decade, with low interest rates, broad selection and more affordable prices,” Watt said.
 
Sales of detached properties declined 54.4 per cent to 292 from the 641 detached sales recorded during the same period in 2008. The benchmark price for detached properties declined 11.2 per cent to $659,638 in January 2009 compared to $742,490 January 2008.
 
Sales of apartment properties in January 2009 declined 58 per cent to 361, compared to 860 sales in January 2008. The benchmark price of an apartment property declined 11.6 per cent to $334,602 compared to $378,336 in January 2008.
 
Attached property sales in January 2009 were down 65.7 per cent to 109, compared with the 318 sales in January 2008. The benchmark price of an attached unit declined 8.1 per cent to $425,309 compared to $462,627 in January 2008.
 
The Real Estate Board of Greater Vancouver is an association representing more than 9,500 REALTORS®. The Real Estate Board provides a variety of membership services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.
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Monday, February 2, 2009

New property listed in Whistler, Whistler

Property Photo: 4809 Spearhead Drive  in Whistler
I just listed a new property at 4809 Spearhead Drive in Whistler.
Ski in/ski out access across the street leads to Blackcomb and the Wizard Chair. Revenue of $15,250 from 105 days rental in 2008 gave a return of approx $8,700. This unit is very clean, in excellent condition and ideal for renting out or enjoying owner usage. The Marquise provides a year round pool and hot tub in addition to a games room and fitness facility. Located on a bus route with easy access to the Village. If you are looking for a 1 bdrm condo in Whistler, this one must be on your list!
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Telf Maynard
Cell:604.264.8353
Email:telf@telf.ca
Fax:604.800.1678
Dexter Associates Realty
2094 West 43rd Avenue
Vancouver, BC
V6M 2C9 Canada