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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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Property Photo: 20622 123RD AVE in Maple Ridge
Please visit our Open House at 20622 123RD AVE in Maple Ridge.
OPEN HOUSE: Sunday Nov 28 1-4
Great curb appeal with this immaculate three bedroom California style rancher in west Maple Ridge. There is a four piece main plus an ensuite. Updates include a new roof, all hertitage doors inside and approximately 50% of the windows arenew vinyl type. There is a huge "monkey tree" in the front yard all set on a large 7200 square foot lot with desirable south facing rear yard for the sun enthusiasts.
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Property Photo: 11661 238A ST in Maple Ridge
Please visit our Open House at 11661 238A ST in Maple Ridge.
OPEN HOUSE: Sunday Nov 28 2-4
Don't miss this exceptional basement home with a triple garage and A/C! Only 10 years old and over 1800 sq ft on the main with vaulted ceilings and hardwood floors. The kitchen has cherry cupboards, lots of counter space and a bayed eatingarea. The family room features a gas fireplace and there is a sought after level walk out to the rear yard. The fenced yard has a 16 x 16 covered patio with gas BBQ hookup, a storage shed and lots of trees for privacy. The spacious main bedroom has a deluxe ensuite with soaker tub and a separate shower. Downstairs is a large games room with a wet bar, room for a pool table. There are French doors into a den area, plus there is a 4 piece bath and another bedroom. Easy to suite!
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Property Photo: 23555 112B AVE in Maple Ridge
Please visit our Open House at 23555 112B AVE in Maple Ridge.
OPEN HOUSE: Sunday Nov 28 1-4
Quick Possession! Well kept six year old two storey with full unfinished basement on a quiet cul-de-sac backing onto greenbelt. The home has 3 large bedrooms up and the main bedroom has a 4 piece ensuite with separate tub and shower.There is a family room off the kitchen and access to the deck that looks out over the private yard. The main floor also has a den or home office and all the flooring on the main is laminate. The home has been freshly painted and there is new carpet on the stairs and all of the top floor. The lower level is unfinished, has a separate entrance, roughed in for a bathroom and awaits your ideas. Great location for a young family within walking distance to the year round Kanaka Creek Elementary.
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Property Photo: 24186 DEWDNEY TRUNK RD in Maple Ridge
I have listed a new property at 24186 DEWDNEY TRUNK RD in Maple Ridge.
Five acres close to town on city water. Main house is set well back off of Dewdney and has a new roof, four bedrooms and lots of character. Watch the wildlife from your bright and open kitchen/eating area. Lots of options, buy here and letthe income from a second residence and cell tower pay a large portion of your mortgage with a possibility to add additional income. Rent the whole property and hold for investment purposes. There is potential of almost $4000 per month income. Bring your horses as there is an older 30 x 40 barn on concrete foundation that is quite serviceable with a little work and there is lots of open pasture area space. Home business? An excellent opportunity to own a large piece of land close in
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Property Photo: 20622 123RD AVE in Maple Ridge
Please visit our Open House at 20622 123RD AVE in Maple Ridge.
OPEN HOUSE: Sunday, Nov. 28th 1:00-4:00pm
Great curb appeal with this immaculate three bedroom California style rancher in west Maple Ridge. There is a four piece main plus an ensuite. Updates include a new roof, all hertitage doors inside and approximately 50% of the windows arenew vinyl type. There is a huge "monkey tree" in the front yard all set on a large 7200 square foot lot with desirable south facing rear yard for the sun enthusiasts.
Read

Property Photo: 11661 238A ST in Maple Ridge
Please visit our Open House at 11661 238A ST in Maple Ridge.
OPEN HOUSE: Sunday, Nov. 28th, 2:00-4:00pm
Don't miss this exceptional basement home with a triple garage and A/C! Only 10 years old and over 1800 sq ft on the main with vaulted ceilings and hardwood floors. The kitchen has cherry cupboards, lots of counter space and a bayed eatingarea. The family room features a gas fireplace and there is a sought after level walk out to the rear yard. The fenced yard has a 16 x 16 covered patio with gas BBQ hookup, a storage shed and lots of trees for privacy. The spacious main bedroom has a deluxe ensuite with soaker tub and a separate shower. Downstairs is a large games room with a wet bar, room for a pool table. There are French doors into a den area, plus there is a 4 piece bath and another bedroom. Easy to suite!
Read

Property Photo: 23555 112B AVE in Maple Ridge
Please visit our Open House at 23555 112B AVE in Maple Ridge.
OPEN HOUSE: Sunday, Nov. 28th 1:00-4:00pm
Quick Possession! Well kept six year old two storey with full unfinished basement on a quiet cul-de-sac backing onto greenbelt. The home has 3 large bedrooms up and the main bedroom has a 4 piece ensuite with separate tub and shower.There is a family room off the kitchen and access to the deck that looks out over the private yard. The main floor also has a den or home office and all the flooring on the main is laminate. The home has been freshly painted and there is new carpet on the stairs and all of the top floor. The lower level is unfinished, has a separate entrance, roughed in for a bathroom and awaits your ideas. Great location for a young family within walking distance to the year round Kanaka Creek Elementary.
Read

Property Photo: 20622 123RD AVE in Maple Ridge
Please visit our Open House at 20622 123RD AVE in Maple Ridge.
OPEN HOUSE: Sunday Nov 21 2-4
Great curb appeal with this immaculate three bedroom California style rancher in west Maple Ridge. There is a four piece main plus an ensuite. Updates include a new roof, all hertitage doors inside and approximately 50% of the windows arenew vinyl type. There is a huge "monkey tree" in the front yard all set on a large 7200 square foot lot with desirable south facing rear yard for the sun enthusiasts.
Read

Property Photo: 20622 123RD AVE in Maple Ridge
Please visit our Open House at 20622 123RD AVE in Maple Ridge.
OPEN HOUSE: Sunday, Nov. 21st, 2:00-4:00pm
Great curb appeal with this immaculate three bedroom California style rancher in west Maple Ridge. There is a four piece main plus an ensuite. Updates include a new roof, all hertitage doors inside and approximately 50% of the windows arenew vinyl type. There is a huge "monkey tree" in the front yard all set on a large 7200 square foot lot with desirable south facing rear yard for the sun enthusiasts.
Read

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! 


Read
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