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Merry Christmas and a prosperous New Year to all of our clients and their families! This year Don and Debi became proud grandparents again with the arrival of Josephine on November 16th so this will be her first Christmas. Michelle had a busy year in real estate and  with her daughter Megan competing in water polo. Nicole has also been busy with both real estate and her daughter Madison who is now almost two. Our two new team members Lotus and Emily share the Customer Care position , which allows Emily to attend college and Lotus to spend time with her family. So from our family to your family again,  Merry Christmas and a Happy New Year!!!
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Check out the team elves getting ready for christmas, The first one is Debi, Don, Nicole and Michelle getting ready for Christmas celebrations and the second one is Lotus and Emily our customer care team helping Santa at Christmas the same as they help us all year around.

http://sendables.jibjab.com/view/Ym4YRbxYPB2gsjqxL8XT

http://sendables.jibjab.com/view/cJj3Vn3cH4QxM9Aw

Click the "Make your own"  button and try it out
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Vancouver Real Estate board overall

 
Single family houses year to date sales totalled 13,444 with the average sale price of $1,170,993. This 16% increase in number of sales and a 18% increase in average price year to date over last year same time period. Townhouse year to date sales totalled 5219 with an average sale price of $566,042. This is a 5% increase in the number of sales and a 4% increase in average price year to date over the same time period last year. Condominiums year to date sales totalled 12,111 with the average sale price of $454,817. This 1% decrease in number of sales and a 5% increase in average price year to date over the same time period last year.
Total of all types year to date here has been 30,774 sales with an average sale price of $786,550. This is a 7% increase in number of sales and a 16% increase in average price over last year same time period.

 

The volume of sales overall remained steady with the very little change over October.

 

Local Maple Ridge

 

Single family houses year to date sales totalled 918 with the average sale price of $501,252. This a 2% drop in number of sales and no change in average price year to date compared to the same time period last year. Townhouse year to date sales totalled 390 with an average sale price $310,107. This is a 21% increase in the number of sales and no change in average price year to date compared to last year same time period. Condominiums year to date sales totalled 187 with the average sale price of $203,426. This 3% decrease in number of sales and a 8% decrease in price year to date over last year same time period .Total of all types year to date here has been 1495 sales with an average sale price of $414,135. This is a 6% increase in number of sales and a 1% decrease in average price over last year same time period .

 

** Note - Our housing market remains stable in regards to volume and prices and is basically unchanged for the last 12 -18 months. This is possibly due to uncertainty about the HST to GST/PST change and how it will affect sales of new homes. It could also be reflecting global financial uncertainty.

 
For more detail just call 604-466-4549 or emailpearceteam@telus.net .

 

Prime Rate remains stable at 3% with term variable rate mortgages at 2.75% - A $300,000 mortgage at 2.75% for 30 years is $1223 month. Fixed term mortgages are available below 3.5% with some places offering as low as $3.19% for a 5 year fixed.

 

*** Yes! 35 year mortgages are still available - call for details

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January is the month when you receive your "proposed tax assessment " for 2012 on any property you own. You have until January 31st 2012 to appeal this tax assessment, if you do not appeal then your next opportunity is one year later. Each year we help clients with comparable properties for their appeals and also attend the appeal hearings with them or on their behalf.  If you think your property is assessed to high when you receive your assesment notice then give us a call and we will see if we can save you some money. If you have aquaintenances that feel their properties are assessed too high then have them call us also. There is no charge for this service and we will be reminding you again in our January newsletter.

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The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.
 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November.  This represents a 5.9% decline compared to the 2,509 sales in November 2010 and a 1.9% increase compared to the 2,317 sales recorded in October 2011.
 
Looking back further, last month’s residential sales total is 5.8% below the ten-year average for sales in November.  “The pace of home listings entering the market eased slightly in November, compared to recent months, while sale levels remained fairly normal for this time of year,” Rosario Setticasi, REBGV president said.  “November activity helped put our market firmly in balanced territory.”
 
New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,222 in November.  This represents a 26.3% decline compared to the 4,374 new listings reported in October 2011, but a 6.3% increase compared to November 2010 when 3,030 properties were listed for sale on the MLS®.
 
Looking back further, last month’s new listing total is 2.1% above the ten-year average for November.  The total number of properties currently listed for sale on the Greater Vancouver MLS® sits at 14,090, a decline of 9 per cent compared to October 2011 but an increase of 13 per cent when compared to this time last year.
 
The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.2% to $622,087 in November 2011 from $580,080 in November 2010.  Since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.4%.
 
Sales of detached properties on the MLS® in November 2011 reached 916, a decrease of 12.8% from the 1,050 detached sales recorded in November 2010 and a 21.3% decrease from the 1,164 units sold in November 2009.  The benchmark price for detached properties increased 11.4% from November 2010 to $890,204.
 
Sales of apartment properties reached 1,000 in November 2011, a 4.9% decrease compared to the 1,052 sales in November 2010 and a decrease of 28.4% compared to the 1,396 sales in November 2009.  The benchmark price of an apartment property increased 2.7% from November 2010 to $399,686.
 
Attached property sales in November 2011 totalled 444, a 9.1% increase compared to the 407 sales in November 2010 and a 15.1% decrease from the 523 attached properties sold in November 2009.  The benchmark price of an attached unit increased 4.5% between November 2010 and 2011 to $510,960.
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Selling your home can be emotional which is why you want to make sure your home sells quickly, easily and for top dollar.  Mistakes mean your home will sit on the market longer and eventually sell for less.  Ensure you get it right the first time by avoiding the following mistakes:

  1. Overpricing - Home sellers are often tempted to price their home way above market value but this tactic usually backfires.  The longer your home sits on the market, the more of a stigma it'll develop forcing you to repeatedly drop the price.

  2. Hanging Around - Owners should always leave before a showing so buyers can browse without distractions.  You want buyers to make themselves at home and spread out on your couch so they can envision themselves living there.

  3. Restricted Access - It’s easy for buyers to skip your home if it's not easily accessible.  It may also be impossible to get into the home if another agent has the key.  Your agent's goal is to show your home to as many people as possible so make sure you use a lockbox.

  4. A No Show - Staging your home is critical.  You may love the statement your pink bathroom makes but odds are it’ll sell faster and for more money with a neutral paint job.  While you're at it, get rid of excess clutter and take care of any outstanding repairs to portray a pride of ownership.

  5. Going It Alone - While some are able to sell their home privately, most quickly regret their decision.  Selling your home can be overwhelming, time consuming and costly.  A real estate agent’s job is to expose your home to the masses so that they’re in the best possible position to negotiate the highest price in the shortest amount of time.

Your home is most likely your biggest asset.  Don't put it at risk by repeating any of the common mistakes above.  Start by viewing the sale of your home as a business transaction and put aside your emotional ties to the home.  Avoid these mistakes and you'll be on your way to selling your home quickly, easily and for top dollar!

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Shopping online during the holidays is very convenient, especially for shoppers who are pressed for time.  Cybercriminals love this time of year as distracted shoppers are easy prey.  Here are a few scams to be aware of:

  1. Holiday eCards - Never open a holiday eCard if you're not sure who it's from.  Instead of a warm holiday greeting, it could be a cyber scammer whose gift comes in the form of viruses, spyware and Trojans.

  2. Free iPad Anyone? - If you’re still waiting for your free iPad, don't hold your breath.  When you fill out the survey to receive your “free gift”, all you’re doing is gifting the cybercrook with your personal details which they'll regift  to other scammers.

  3. Sounds Fishy - Smishing is the SMS version of Phishing where crooks hook you through texts to either call a number or visit a website where they then steal your personal information.  You're also tricked into downloading malware to your phone.

  4. The Hot Ticket - Desperate shoppers eager to score the hottest holiday gifts are easy prey to cybercrooks who set up legitimate looking websites that show the popular gift in stock.  You hand your credit card details over but receive nothing in return.

Be aware this holiday season that many people aren’t thinking about holiday cheer and goodwill to mankind.  Use common sense and visit only trusted, secure sites.  Also, keep your antivirus software up to date and don’t open anything from anyone you don't know.
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Flu season is in full swing.  It's hard to avoid the flu completely but you'll have a much better shot if you pay special attention to these often overlooked hot spots:

  • the children's toys
  • light switches and remote controls
  • office desk, keyboard and telephones
  • door knobs and handles on appliances
  • car steering wheel, seat belts and shifter

Washing your hands in soap and water for 20 seconds is the best way to fight germs but regularly sanitizing common germ infested hot spots is also key.  Don’t forget to keep the hand sanitizer on hand -- pardon the pun :)

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Please visit our Open House at 13320 MCCAULEY CREST in Maple Ridge.
Open House on Sunday, December 11, 2011 2:00 pm - 4:00 pm
This 2 storey plus basement is immaculate with hardwood and tile floors on the main. Upstairs are 4 bedrooms plus an open den area that would be a great place for the computer. The spacious main bedroom has a sun deck with a panoramic viewof the valley. Foyer has vaulted ceilings and a curved staircase to the upper level which has an open hallway. The kitchen features darker wood cabinets, an island, a pantry and eating area. Other features include a den on the main, security system, built in vac, 2 gas f/p, tile roof and an unfinished walk out basement. All this on a 9192 sq ft south facing lot w/privacy hedge and fruit trees. Unfinished area includes 396 sqft under the garage(great area for a media room!). OPEN HOUSE Dec.11 2-4
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I have listed a new property at 12369 229TH ST in Maple Ridge.
Large rancher set on a very quiet cul de sac. This three bedroom home is perfect for retirees or anyone wanting no stairs. The main bedroom has a three piece ensuite. Lots of room here with 1740 sq ft and a two year old roof. Yard is fenced and there is access through sliding doors from the family room and one of the bedrooms to the covered patio. Open plan with an eating area off the kitchen and gas fireplaces in both the living room and family room. Enjoy the view of Golden Ears mountains from the living room. Don't miss this rancer, call today!
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.