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Property Photo: 56 11588 232ND ST in Maple Ridge
I have listed a new property at 56 11588 232ND ST in Maple Ridge.
Desirable END unit set in a quiet location in the complex. Room for a larger family as the utility room upstairs can be used as an office or fourth bedroom. Appliances and roof are only three years old as well as paint and flooring. The home backs on the playground so you can watch the kids play from the kitchen or eating area. Enjoy the view of the mountains as you have your morning coffee. Strata fee only $172/month. Close to schools and public transportation. $14,000 down and less than $1,300 per month including city taxes and strata fee. Why pay rent?
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Vancouver Real Estate board overall 

The number of sales improved and prices declined slightly overall on the Real Estate Board of Greater Vancouver. Increased sales volume was in all types of homes, single family, condos and townhouses. There was a minimal decrease of approximately 1.45% in the sale price of single family homes to $1,043,161. The average home including Maple Ridge to West Vancouver is still over $1,000,000!  Townhouses had an average selling price of $539,429 which is an increase of approximately 3.9% over Octobers and Condominiums average price was $416,709 which is  decrease of 5.66% over Octobers.  Buyers had less choice as the over all number of units available dropped by 12 .01% . This is a fairly typical change as Sellers take their houses off the market for the holiday season. The market is showing healthy improvement overall. We are anticipating a fairly busy market early in the new year. 

 Local Maple Ridge 

The number of sales for November in Maple Ridge in single family homes was up  from 66 to 66, only one more than September with the average price of $480,787 which is an decrease of 6.88% over October. ( It is important to remember that a snapshot like this is only based on the age, style, price range that was selling that month).  Townhouse sales were up from 23 to 26  with average price of Novembers sale at $306,813 which was 3.35% higher than Septembers. Condominium sales were unchanged at 14 with and average price of $217,892 which is a decrease of 1.93% over Octobers. Total properties for sale all types available for sale dropped from 1003 to 940 a drop of 6.28%  which is common for this time of year.  
For more detail just call 604-466-4549 or email   pearceteam@telus.net  . 

The market for 2011 is forecast to be improved over 2010 but not a lot of variance in price. Expect a improved activity in the market starting early in the year.  

Prime Rate is at 3% with variable rate mortgages available at 2.3% - A $300,000 mortgage at 2.3% for 35 years is $1040 month. Rates will likely remain stable through the 1st quarter per Bank of Canada. 

Fixed rate available for 5 year term available at 3.5% - A 25 year mortgage with 5 year fixed term in the amount of $300,000 is  $1498 month. If you do 35 years it is $1236 month.  

Our real estate market remains strong and one of the economic drivers of our economy as 3000 people a month move to the lower mainland.  

For more detail on specific areas of the market or mortgage rates just call 604-466-4549 or email pearceteam@telus.net 

For those considering a move in the New Year then call us now to get all your planning done to get your property on the market early in the new year.  Only 45 days until 2011!

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Another year gone by, how time flies! The Olympics have come and gone, the Real Estate market has heated and cooled, the HST story has kept the newscasters busy. It has not been boring! 

We have all been busy throughout the year and have enjoyed helping our clients find homes and get settled. We continue to enjoy good health and good times with families and friends and hope you have been as fortunate. 

Don and Debi spent some time in Disneyland with their family and went to way too many theme parks (lol) but a good time was had by all! They also took a quick week in Hawaii last December to relax and enjoy the tropical weather, palm trees, sun and surf.   

Nicole and her husband are now proud parents of Madison Alexis Hunt who arrived on March 8th, 2010. This will be her first Christmas and they are looking forward to it. Their nephew, Brad Hunt, was named as one of the Hometown Heroes by the MeadowRidge Rotary this year – a proud   moment for the entire family. 

Michelle has had a busy and fulfilling year volunteering as Co-Chair for the District Parents Advisory Council and as being the Awards Director for the Haney Neptunes Swim Club, where her daughter continues to excel.  

The highlight of Lisa’s life this year was moving from their townhome to a lovely rancher in East Maple Ridge.  Her and Doug have completed their renovations and are ready to settle in for their first Christmas in the new home and are excited that Doug’s daughter Mariika will be joining them.   

We are all looking forward to a healthy and prosperous 2011. We would like to thank all of our clients for their business and referrals and we hope you have a safe and happy holiday season and a prosperous 2011.  

If you need more calendars, please give Lisa a call at 604-466-4549 or email her at pearceteam@telus.net and we will be happy to drop them by. 

 

Enjoy the many gifts life affords us all in this beautiful country we call home and take care of each other.

 
Don, Debi, Michelle, Nicole & Lisa 

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