This website was designed to make it easy for people to come together to talk about Real Estate. I started “Homesfaris” as a free home tour service for new home buyers. If you want to search for properties on your own, check out all my property search links! Click on the “about me” tab and then “safari links”!
I have been selling new strata condominiums and townhomes since 1984. ( I was 15 when I started working as a hostess in White Rock). I wanted to offer my expertise to buyers who are interested in purchasing a new condo or townhome in the lower mainland. I visit many sites weekly to keep myself up to date on what is available in the real estate market place.
I hope I can answer any questions you may have about buying your new home. If you are interested in visiting any new home projects, I would be happy to take you either individually or in a group. Or, if you have any questions about the homes for sale, disclosure statements or contracts of purchase and sale, feel free to post your questions or give me a call!
In that spirit, I am happy to be starting this permanent page to be an ongoing discussion about your questions. Simply drop me a question using the “Comments” field at the bottom of this post and I will get back to you with an answer. And if I don’t know? Well, it’s my job to find out.
So let’s get the talk going. I’ll post a couple of questions I have been sent over the past few months to get the ball rolling, and then we can take it from there! Happy house hunting!
(Surrey, BC) – The Fraser Valley Real Estate Board (FVREB) processed 997 sales on its MLS® in August, a decrease of 44 per cent compared to the 1,786 sales during the same month last year and 9 per cent fewer than in July, however 10 per cent more than the 910 sales in August 2008.
Deanna Horn, FVREB President, explains, “In August, sellers in the Fraser Valley took as much of a break as buyers.
“Even with our slowdown in sales, we’re seeing inventory edge lower. Since May, we’ve seen our volume of active listings decrease by 10 per cent.”
The Fraser Valley Board posted 11 per cent fewer new listings in August compared to the previous month, the fourth month in a row of declining new inventory. At the end of August, the total active inventory was 10,287, 5 per cent less than in July, however still 14.5 per cent more than the selection available in August 2009.
Horn adds, “Our selection of homes is healthy, interest rates remain historically low and prices are moderating, which represent excellent conditions for buyers. We’re currently seeing residential prices edge down month-over-month, but remain 4.7 per cent higher than they were a year ago.”
The benchmark price for Fraser Valley detached homes in August was $510,107, down 0.1 per cent compared to July and 5.4 per cent higher compared to $483,839 in August 2009.
The benchmark price of Fraser Valley townhouses in August was $324,485, a 0.4 per cent decrease compared to July and a 4.5 per cent increase compared to August 2009 when it was $310,389. The benchmark price of apartments decreased by 1.9 per cent from July and increased 1.5 per cent year-over-year going from $236,146 in August 2009 to $239,659 in August 2010.
Information and photos of all Fraser Valley Real Estate Board listings can be found on the national, public web site www.REALTOR.ca. Further market statistics can be found on the Board’s web page at www.fvreb.bc.ca. The Fraser Valley Real Estate Board is an association of 2,972 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.
Full package:
http://www.realtorlink.ca/portal/server.pt/document/3236287/package_201008_pdf
Follow this link and punch in the purchase price and answer yes or no to both questions to find out what the taxes will be! Please note: The HST calculations are complex and an accountant or lawyer should be consulted if there is any confusion over the cost of HST on your purchase.
http://www.bcrea.bc.ca/sheltertaxes/resources.htm
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Solterra has built 2 show homes located at 19477-72A Avenue. These town-homes range in size from 1000-1495 sq-ft and start at only $293,900. For more information visit their website at www.sun72.ca or visit the show homes, open daily (except Friday) 12-5pm. Ask Tara or Erin about their latest promotion! 604-575-8806
(Surrey, BC) The Fraser Valley Real Estate Board (FVREB) processed 1,101 sales on its Multiple Listing Service (MLS®) in July, a decrease of 47 per cent compared to the 2,089 sales during the same month last year and down 39 per cent compared to June.
Last year, we experienced the busiest July in our history and this year it was the quietest in a decade, says FVREB President, Deanna Horn. Although the real estate market typically slows in the summer months, we didnt anticipate this level of change.
We attribute it to a combination of factors, the beautiful weather, interest rates edging up and reaction to the Harmonized Sales Tax in BC although the HST does not apply to resale housing, not everyone knows that, explains Horn.
The plus side of this market is highly favourable conditions for buyers potentially the best they will be this year due to the significant volume of listings currently, which is already showing signs of decreasing.
In July, Fraser Valleys MLS® received 25 per cent fewer new listings, 2,355, compared to the 3,153 new listings received in June. At months end, the total active inventory was 10,852, 14 per cent more than was available in July 2009, however 2 per cent fewer than in June.
For the first time since January 2009, benchmark prices for the three main residential property types: single family homes, townhomes and condos, decreased compared to the previous month. The benchmark price for Fraser Valley detached homes in July was $510,470, down 1.5 per cent compared to June and 6.9 per cent higher compared to $477,420 in July 2009.
The benchmark price of Fraser Valley townhouses in July was $325,856, a 0.7 per cent decrease compared to June and a 6.9 per cent increase compared to July 2009 when it was $304,940. The benchmark price of apartments decreased by 0.8 per cent from June and increased 4.4 per cent year-over-year going from $234,178 in July 2009 to $244,368 in July 2010.
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