You'll find this great family home in MONTROSE ESTATES featuring 4 bedrooms, 2.5 bathrooms located on a tree lined street in a fantastic neighbourhood near South Arm Park & steps to Broadmoor Mall, transit & Community Center. Nice 6800 SF LOT w/ 80ft frontage. 3 level split, 3 bedrooms up, 1 down. Master has a walk-in closet & ensuite. Huge kitchen with pantry & eating nook. WEST facing backyard perfect for family gatherings! Newer roof, windows, hot water tank & furnace. Home is mostly original with tons of potential for your decorating ideas! Ideal for a FAMILY or INVESTOR - move in, hold or build your DREAM HOME (approx. 3200sf) Walking distance to French Immersion Bridge Elementary/McRoberts Secondary.
You’ve probably seen signs around the area for Open Houses. You may have even attended a few. These are open invitations for potential buyers to drop by on a certain day and time, to check out the property and get more information. When you’re listing your home for sale, you might wonder whether you’ll need to have an Open House. To answer that question, yes, I do think it's worth it! Please consider these points below. Of course I understand planning and hosting an open house isn’t as easy as it may seem. There’s a lot of preparation involved. In addition, you’ll likely spend hours making your property look its best and you’ll need to be away from your home for a good part of that day.
That being said, an Open House has many advantages. • It helps showcase features of your property that may not come across well in advertisements and listing descriptions. • It attracts potential buyers who, for any number of reasons, might not otherwise call to view the home. • It generates a buzz and publicity about your listing.
Did you know there are a lot of simple ways to make your home even MORE attractive to potential buyers than it already is?
You don't necessarily need to invest in a major renovation or redecorating project. Often just a few simple changes in and around your home can dramatically increase its visual appeal to buyers.
In fact, I've seen homes sell much more quickly and for a higher price simply because they "show" a little better.
I'd be happy to share these tips and ideas with you. Please call or email me anytime.
To zone in on your specific neighbouhood in Richmond, please click here. If you would like information to other cities, please email me and I'd be happy to share!
The stats from the Real Estate Board of Greater Vancouver have just been released for December. Please let me know if you have any questions, I look forward to moving into 2017 with you!
A Heated Year for Metro Vancouver Real Estate Draws to a Close
VANCOUVER, BC – January 4, 2017 – The Metro Vancouver* housing market had its third highest selling year on record in 2016, behind only 2015 and 2005.
Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014.
“It was an eventful year for real estate in Metro Vancouver. Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said.
“As prices rose in the first half of the year, public debate waged about what was fuelling demand and what should be done to stop it. This led to multiple government interventions into the market. The long-term effects of these actions won’t be fully understood for some time.”
Residential properties listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 57,596 in 2016. This is an increase of 0.6 per cent compared to the 57,249 properties listed in 2015 and a 2.6 per cent increase compared to the 56,066 properties listed in 2014.
“The supply of homes for sale couldn't keep up with home buyer demand for much of 2016. This allowed home sellers to raise their asking price. It wasn’t until the last half of the year that prices began to show modest declines.”
The MLS® Home Price Index (HPI) composite benchmark price for all residential properties in Metro Vancouver ends the year at $897,600. This represents a 2.2 per cent decrease over the past six months and a 17.8 per cent increase compared to December 2015.
December Summary
Residential property sales in the region totalled 1,714 in December 2016, a decrease of 39.4 per cent from the 2,827 sales recorded in December 2015 and a decrease of 22.6 per cent compared to November 2016 when 2,214 homes sold.
Last month’s sales were 8.1 per cent below the 10-year sales average for the month. New listings for detached, attached and apartment properties in Metro Vancouver totalled 1,312 in December 2016. This represents a decrease of 35.1 per cent compared to the 2,021 units
listed in December 2015 and a 58.3 per cent decrease compared to November 2016 when 3,147 properties were listed.
The total number of properties currently listed for sale on the MLS® in Metro Vancouver is 6,345, a 5.3 per cent increase compared to December 2015 (6,024) and a 24.3 per cent decrease compared to November 2016 (8,385).
Sales of detached properties in December 2016 reached 541, a decrease of 52.4 per cent from the 1,136 detached sales recorded in December 2015. The benchmark price for detached properties is $1,483,500. This represents an 18.6 per cent increase compared to December 2015 and a 1.8 per cent decrease compared to November 2016.
Sales of apartment properties reached 915 in December 2016, a decrease of 25.3 per cent compared to the 1,225 sales in December 2015.The benchmark price of an apartment property is $510,300. This represents a 17.3 per cent increase compared to December 2015 and a 0.3 per cent decrease compared to November 2016.
Attached property sales in December 2016 totalled 258, a decrease of 44.6 per cent compared to the 466 sales in December 2015. The benchmark price of an attached unit is $661,800. This represents a 20.4 per cent increase compared to December 2015 and a 0.8 per cent decrease compared to November 2016.
OPEN HOUSE: SAT/SUN JAN 7 & 8 FROM 2PM TO 4PM 11491 Plover Drive, Richmond (Westwind)
This Saturday and Sunday, Jan 7th & 8th, 2:00 PM to 4:00 PM we will be hosting an Open House at 11491 PLOVER DRIVE in the Westwind neighborhood, Richmond. This is an opportunity to visit this excellent House for sale in beautiful Westwind.
Please come with any questions you may have. In the meantime you can take a virtual tour of this Westwind House for sale.
As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.
BC government to offer down payment loans for first-time buyers
Premier Christy Clark unveiled a new loan program today to help first-time home buyers come up with their down payment.
The BC Home Owner Mortgage and Equity (HOME) Partnership program will offer qualifying home buyers loans of up to $37,500, interest and payment free, for five years.
The province will begin accepting applications on January 16, 2017.
To qualify, buyers must:
• be buying their first home;
• obtain a high-ratio, insured first mortgage for at least 80 per cent of the purchase price;
• have a combined gross household income not exceeding $150,000;
• have saved a down payment amount at least equal to the loan amount;
• be a Canadian citizen or permanent resident for at least five years; and
• have lived in BC for at least the full year preceding their application.
The loans will be due in full if the buyer defaults on a payment, ceases to use the home as a principle residence or resells the home.
Key facts:
• The loans will match a home buyer’s contribution to a down payment up to five per cent of the home’s purchase price.
• The maximum purchase price to qualify for a loan is $750,000 (excluding taxes and fees).
• After five years, buyers can either repay their loan or enter into monthly payments at current interest rates.
• Loans through the program are due after 25 years.
“This program will boost sales to first-time home buyers. Without question, they’ll take advantage of it wherever they can,” said Helmut Pastrick, Central 1 Credit Union chief economist.
The province estimates this initiative will help at least 42,000 buyers or households province-wide over the next three years. About half of these buyers will be in the Lower Mainland, according to Pastrick.
Courtesy of The Real Estate Board of Greater Vancouver
OPEN HOUSE: SUN DEC 18 FROM 12PM TO 2PM 11491 Plover Drive, Richmond (Westwind)
This Sunday, Dec 18th 12:00 PM to 2:00 PM we will be hosting an Open House at 11491 PLOVER DRIVE in the Westwind neighborhood, Richmond. This is an opportunity to visit this excellent House for sale in beautiful Westwind.
Please come with any questions you may have. In the meantime you can take a virtual tour of this Westwind House for sale.
As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.
OPEN HOUSE: SAT/SUN DEC 10 & 11 FROM 1PM TO 3PM 11491 Plover Drive, Richmond (Westwind)
This Saturday and Sunday, Dec 10th & 11th, 1:00 PM to 3:00 PM we will be hosting an Open House at 11491 PLOVER DRIVE in the Westwind neighborhood, Richmond. This is an opportunity to visit this excellent House for sale in beautiful Westwind.
Please come with any questions you may have. In the meantime you can take a virtual tour of this Westwind House for sale.
As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.