Vancouver Real Estate Board
The number of sales dropped about 4.4% in January which is normal due to the holiday season. There was an increase of 8.6% in the sale price of single family homes with the average sale price of a single family home considering all sales from West Vancouver to Maple Ridge is now $1,144,348. Townhouses had an average selling price of $552,550 which is an increase of approximately 4.9% over Decembers and Condominiums average price was $441,491 which is increase of 0.4% over Decembers. Buyers had more choice as the over all number of units available increased by 5.8%. This is a fairly typical as Sellers start putting their houses on the market at the beginning of the year to get sold and moved by summer.
Local Maple Ridge
The number of sales for January in Maple Ridge in single family homes dropped from 57 to 54, down 3 from December with the average price basically unchanged at $475,259. Townhouse sales down from 22 to 19 with average price of Januarys sale at $318,350 which is a 7.6% increase over December. Condominium sales were down from 12 to 8 with an average price of $205,266 which is a increase of 11.7% over December. Total properties for sale all types available for sale increased from 798 to 818.
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. The market activity has increased substantially at time of writing. Lots of listings coming on the market and lots of sales happening.
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. Prime rate is stable with minimal increases in 1-5year term fixed mortgages.
We Love Referrals!
Over the last 20 years we have had the pleasure of buying and selling properties with the same clients 2-3 or more times. We are always happy to hear from past clients whether they are moving themselves, have friends or acquaintances moving , have questions about the market or financing or just want to chat. A large portion of our success is from referrals and past clients.
We like to recognise the fact that you think of us and are comfortable referring clients to us so we have our “All Star Referral Program!”
It is a win-win-win program. Refer us to your friends and family, they get great service, you get some spare cash and we get a client.
1st referral is $250, 2nd within 12 months of 1st referral is $500 and 3rd and subsequent within 12 months of the 1st is $1000.
The 12 months start upon payment of the 1st referral. Payments are upon completed purchase or sale. One reward per referral.
It’s easy! Get permission for us to contact them. Call or email us with their name and number and we will take care of the rest.
We like to recognise the fact that you think of us and are comfortable referring clients to us so we have our “All Star Referral Program!”
It is a win-win-win program. Refer us to your friends and family, they get great service, you get some spare cash and we get a client.
1st referral is $250, 2nd within 12 months of 1st referral is $500 and 3rd and subsequent within 12 months of the 1st is $1000.
The 12 months start upon payment of the 1st referral. Payments are upon completed purchase or sale. One reward per referral.
It’s easy! Get permission for us to contact them. Call or email us with their name and number and we will take care of the rest.
December Market Update
Vancouver Real Estate board overall
The number of sales dropped in December and prices declined slightly overall on the Real Estate Board of Greater Vancouver. There was little change in the sale price of single family homes with the average sale price of $1,046,348. The average home including Maple Ridge to West Vancouver is still over $1,000,000! Townhouses had an average selling price of $526,556 which is a decrease of approximately 2.4% over Novembers and Condominiums average price was $439,648 which is increase of 5.5% over Novembers. Buyers had less choice as the over all number of units available dropped by a whopping 20.3%. This is a fairly typical as Sellers take their houses off the market at the end of the year to reconsider price and whether or not to move.
End of the year compared to December 2009 showed average single family prices up 16% along with a average increase of 11% in town homes and 9% in apartments. Over all average price on the Vancouver Real Estate Board was up 14%.
Local Maple Ridge
The number of sales for December in Maple Ridge in single family homes dropped from 66 to 57, down 9 from November with the average price basically unchanged at $478,513. Townhouse sales down from 26 to 22 with average price of Decembers sale at $295,932 which was 3.5% lower than Novembers. Condominium sales were down from 14 to 12 with an average price of $183,500 which is a decrease of 15.8% over Novembers. Total properties for sale all types available for sale dropped from 940 to 798 a drop of 15.1% which is not unusual for this time of year.
Prices in town homes and apartments continue to be under downward pressure and recovery since the steep decline of 2008 has been minimal.
End of the year compared to December 2009 showed average single family prices up 7% along with a average increase of 2% in town homes and 9% in apartments. Over all average price locally was up 7%.
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.
Is your Tax Assessment Look too High?!
By now you should have received your property tax assessment for 2011 and you only have until January 31st 2011 to question the assessment. If you think your property is assessed too high then call us at 604-466-4549 and will do a market analysis to let you know the value of your property. If you are assessed to high we will assist you in preparing a letter to B.C assessment to ask to have the assessment reduced. If they do not make the requested change we will also put together a presentation for the appeal board.
This is a service that we provide at no charge to our past and potential clients, and their friends and family. So do not hesitate to call or pass on our number to your friends and family. We look forward to hearing from you and being of assistance.
This is a service that we provide at no charge to our past and potential clients, and their friends and family. So do not hesitate to call or pass on our number to your friends and family. We look forward to hearing from you and being of assistance.
The Pearce Team can Dance!
Click on the link below to see our christmas dance!
http://elfyourself.jibjab.com/view/O8aVGXDiUvrhrICvq2XD
http://elfyourself.jibjab.com/view/O8aVGXDiUvrhrICvq2XD
November Market Update
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!
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!
Merry Christmas & Season's Greetings from The Pearce Team
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.
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
October Market Update
Vancouver Real Estate board overall
The number of sales and prices on average improved on the Real Estate Board of Greater Vancouver. Increased sales volume was predominantly in single family homes with minimal change in the number of sales of condos and townhouses. There was an average increase of approximately 5% in the sale price of single family homes to $1,016,324. Yes that is correct the average cost of a single family home considering all sales from here in Maple Ridge to West Vancouver is over $1,000,000! Townhouses had an average selling price of $534,085 which is a decline of approximately 2 % over Septembers and Condominiums average price was $430,712 which is an increase of 2.5% over Septembers. Buyers had less choice as the number of units available dropped by 8.7% . The market is showing healthy improvement overall.
Local Maple Ridge
The number of sales for October in Maple Ridge in single family homes was up from 63 to 65 , two more than September with the average price of $516,315 which is an increase of 1.2% over September . Townhouse sales were down from 38 to 23 with average price of Octobers sale at $296,853 which was 5.5% higher than Septembers. Condominium sales increased from 12 to 14 with and average price of $222,185 which is a decrease of 1.5% over Septembers. Units available for sale dropped from 1017 to 1003.
For more detail just call or email pearceteam@telus.net .
The market is showing improvement to the West of us which usually means we will also improve over the next few weeks/months. Expect a busy 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.
Fixed rate available for 5 year term 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!
The number of sales and prices on average improved on the Real Estate Board of Greater Vancouver. Increased sales volume was predominantly in single family homes with minimal change in the number of sales of condos and townhouses. There was an average increase of approximately 5% in the sale price of single family homes to $1,016,324. Yes that is correct the average cost of a single family home considering all sales from here in Maple Ridge to West Vancouver is over $1,000,000! Townhouses had an average selling price of $534,085 which is a decline of approximately 2 % over Septembers and Condominiums average price was $430,712 which is an increase of 2.5% over Septembers. Buyers had less choice as the number of units available dropped by 8.7% . The market is showing healthy improvement overall.
Local Maple Ridge
The number of sales for October in Maple Ridge in single family homes was up from 63 to 65 , two more than September with the average price of $516,315 which is an increase of 1.2% over September . Townhouse sales were down from 38 to 23 with average price of Octobers sale at $296,853 which was 5.5% higher than Septembers. Condominium sales increased from 12 to 14 with and average price of $222,185 which is a decrease of 1.5% over Septembers. Units available for sale dropped from 1017 to 1003.
For more detail just call or email pearceteam@telus.net .
The market is showing improvement to the West of us which usually means we will also improve over the next few weeks/months. Expect a busy 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.
Fixed rate available for 5 year term 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!
16th Annual REALTORS Care® Blanket Drive
The 16th annual REALTORS Care® Blanket Drive is coming up soon.
In 2009, REALTORS® collected a record breaking 4,350 bags of clothing, coats and blankets for dozens of charities across the Lower Mainland.
Beneficiaries in our area include: The Salvation Army/The Caring Place and the Friends in need Food Bank.
This represented literally thousands of people making donations. It’s no longer one industry or group making a difference, it’s the entire community recognizing a need and pulling together as one.
The Pearce Team would like to invite you to join us in collecting new blankets, sheets, sleeping bags, socks, underwear (women, children & men) as well as new or gently used warm clothing, scarves, hats and gloves.
If you have a contribution to this great cause, please drop off your donation at our office at 11933 224th Street between November 29th and December 6th.
Can't make it to the office? Please give us a call and we will come and pick up your contribution.
In 2009, REALTORS® collected a record breaking 4,350 bags of clothing, coats and blankets for dozens of charities across the Lower Mainland.
Beneficiaries in our area include: The Salvation Army/The Caring Place and the Friends in need Food Bank.
This represented literally thousands of people making donations. It’s no longer one industry or group making a difference, it’s the entire community recognizing a need and pulling together as one.
The Pearce Team would like to invite you to join us in collecting new blankets, sheets, sleeping bags, socks, underwear (women, children & men) as well as new or gently used warm clothing, scarves, hats and gloves.
If you have a contribution to this great cause, please drop off your donation at our office at 11933 224th Street between November 29th and December 6th.
Can't make it to the office? Please give us a call and we will come and pick up your contribution.
Market update
Our summer market has been very busy with the month of July being the busiest on record for the Real Estate Board of Greater vancouver and the stats for August are not out yet but I think they will be similar. Interest rates are low with variable rates available as low as 2.55% and fixed 5 year rates just over 4%. Lack of product to sell is putting pressure on prices resulting in a minimum of choice under $400,000 for a single family home in the Maple Ridge and Pitt Meadows areas. We are anticipating a busy fall market as soon as the long weekend is over and kids are back to school.
Comments and questions are appreciated - Don
Welcome
Welcome to my real estate forum blog where I will post information on the market on a regular basis and you may comment or ask your questions. I look forward to interesting discussions.
The Pearce Team
Let's discuss your next home sale or purchase, with no obligation.
11933 - 224th Street, Maple Ridge, B.C. V2X 6B2