Archive for October, 2009

Finding the Perfect Home in Langley, White Rock or Surrey

Wednesday, October 7th, 2009

Buying a home in Langley, White Rock or Surrey can be a wonderful experience for anyone. There are all kinds of things you have to look forward to. There’s the first time you meet that great real estate agent who will work with you. There’s the first very first home you ever set eyes one. There’s the home you finally choose and fall in love with. That’s the perfect home, right? But how does one find their perfect home in Langley, White Rock or Surrey? Is anything ever perfect? Does the concept even really exist? Well let’s take a look.

Most people envision their perfect home as a home with all of the amenities. That home may have hardwood floors, very high ceilings, a fireplace or other things like that. However, oftentimes, people will see home after home without finding every single amenity they desire.

Here’s another thing that happens. Oftentimes, people find a home that has everything they need, but not everything they want. Sometimes a home has a lot of the things they want, but not what they need.

The fact is that most professionals that are in the business of selling or showing homes will tell you that you will not find the perfect home. It just does not exist. You won’t be able to discover a house that has every thing you have ever dreamed of and none of the things you don’t want.

Most real estate agents will tell you that what you should focus on is making a list of what’s really important to you. There are many different factors to consider. Think about price, style, location, condition, size, the neighbours, surrounding schools, crime rate, or the number of bedrooms you’ll need. The list of what is important to you could really go on and on.

When you figure out what you’re most important needs and wants are, you can then get on the path to finding a home in Langley, White Rock or Surrey that satisfies the majority of your list.

Writing things down is key. Planning to get a perfect home in the Langley, White Rock or Surrey may leave you worn out because each home you look at just won’t meet up to everything you have ever dreamed of. You may end passing up on a really good home in Langley, White Rock or Surrey because you are so concerned with finding that perfect house. Worn out, tired, and aware that home prices are on their way up, you may end up just buying the last home you look at simply because you are fed up.

You certainly want to have a much more pleasant experience than that when looking for a home in Langley, White Rock or Surrey don’t you? You can have one if you change your definition of “perfect” just a little. Perfect doesn’t have to be an absolute. Allow for a few adjustments to your dream. Then, you will find a home that will come very close to being that perfect home you have always imagined.

For more information about finding a home in Langley, White Rock or Surrey, you can check out my website at www.mylangleyrealestate.com. You can also contact me at 778.862.5542.

Selling a Vacant Home in Langley, White Rock or Surrey with Proper Staging

Wednesday, October 7th, 2009

Selling a vacant home in Langley, White Rock or Surrey can be very difficult unless it is properly staged. A home without furnishings can appear very cold and lifeless and can indeed take much longer to sell than one that is furnished. Any offers made on the Langley, White Rock or Surrey house may very well be lower as well.

It is important to consider getting the home professionally staged in order to attract the right kind of buyers and sell the Langley, White Rock or Surrey home as quickly as possible. Anybody looking for a new home in Langley, White Rock or Surrey is looking for a warm environment that is inviting and friendly. A vacant house has an empty feel and can stay on the market for a long time.

The only kind of prospect for a vacant home in Langley, White Rock or Surrey is one that can get past the emptiness and envision the house as it will be once furnished. You may have to wait until that person comes along and it may take awhile.

Vacant staging services in Langley, White Rock or Surrey can provide top quality furnishings that will improve the look and feel of the home. These companies are run by staging experts that have been trained in matching furniture to target markets. They also work with color and design and can make any Langley, White Rock or Surrey home seem much more appealing. Usually these services are quite reasonably priced and are available in most major cities.

In most cases the money spent on a Langley, White Rock or Surrey vacant home staging service is a wise investment because it will more than pay for itself with higher offers on the home. Your real estate agent will be able to recommend a good staging company in Langley, White Rock or Surrey that he has worked with in the past and be able to give you a general idea of the cost factor involved.

There is a lot of free information available to you about buying, selling or investing in Langley, White Rock or Surrey real estate. For complete information about the Langley, White Rock or Surrey real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Langley, White Rock or Surrey real estate. So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 778.862.5542 or email me at andrew@mylangleyrealestate.com.

Average Housing Prices in September

Wednesday, October 7th, 2009

RESIDENTIAL DETACHED

 

N.Delta

Surrey

W.Rock

Langley

Abbots

Sep ‘09

$483,411

$519,378

$787,705

$529,846

$426,270

Aug ‘09

$493,805

$528,462

$776,942

$515,061

$444,908

change

-2.10%

-1.70%

1.40%

2.90%

-4.20%

Sep ‘08

$511,565

$510,020

$814,532

$511,958

$413,259

change

-5.50%

1.80%

-3.30%

3.50%

3.10%

 

 

 

 

 

 

TOWNHOUSES

 

N.Delta

Surrey

W.Rock

Langley

Abbots

Sep ‘09

$353,633

$317,410

$443,748

$315,896

$244,804

Aug ‘09

$328,833

$313,293

$442,330

$313,190

$271,807

change

7.50%

-0.20%

0.30%

0.90%

-9.90%

Sep ‘08

$471,000

$317,925

$458,781

$313,507

$288,190

change

-24.90%

-0.20%

-3.30%

0.80%

-15.10%

 

 

 

 

 

 

APARTMENTS

 

N.Delta

Surrey

W.Rock

Langley

Abbots

Sep ‘09

$213,233

$214,925

$294,324

$210,957

$184,518

Aug ‘09

$157,633

$213,629

$298,240

$210,133

$179,822

change

35.30%

0.60%

-1.30%

0.40%

2.60%

Sep ‘08

$244,750

$219,508

$286,775

$226,888

$184,757

change

-12.90%

-2.10%

2.60%

-7.0%

-0.10%

Buyer demand remains strong while home listings increase

Wednesday, October 7th, 2009

VANCOUVER, B.C. – October 2, 2009 – Greater Vancouver home sales remained strong last month, with the second highest number of residential sales ever recorded for the month of September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,559 in September 2009, an increase of 3.4 per cent from the 3,441 sales recorded in August 2009, and an increase of 124.5 per cent compared to September 2008 when 1,585 sales were recorded.

“As homes sales in Greater Vancouver continued at an elevated pace in September it’s encouraging to see that more homes were listed on the MLS® in the month than any other so far this year,” Scott Russell,
REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,764 in September 2009. This represents a 6.2 per cent decline compared to September 2008 when 6,142 new units were listed, but a 26.8 per cent increase compared to August 2009 when 4,544 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.

At 12,596, the total number of property listings on the MLS® increased 5.5 per cent in September compared to last month and declined 36 per cent from the 19,852 homes listed for sale during the buyer’s market that was experienced at this time last year.

“During this period of renewed demand in our marketplace, home values have gradually recovered from the declines that occurred in 2008,” said Russell.

Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 13 per cent to $547,092 from $484,211, while home prices compared to Septembers 2008 levels are up 1.6 per cent.

Sales of detached properties increased 160.6 per cent to 1,423 from the 546 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 2.1 per cent from September 2008 to $741,632.

Sales of apartment properties in September 2009 increased 94.9 per cent to 1,489, compared to 764 sales in September 2008. The benchmark price of an apartment property increased 1.5 per cent from September 2008 to $374,686.

Attached property sales in September 2009 are up 135.3 per cent to 647, compared with the 275 sales in September 2008. The benchmark price of an attached unit increased 0.4 per cent between Septembers 2008 and 2009 to $466,276.

Demand for Housing remains steady in the Fraser Valley

Wednesday, October 7th, 2009

For immediate release: October 2, 2009

(Surrey, BC) - Low interest rates continue to fuel a strong housing market in the Fraser Valley according to Paul Penner, President of the Fraser Valley Real Estate Board.

The Board processed 1,590 sales on its Multiple Listing Service (MLS®) in September, an increase of 62 per cent compared to the 980 sales during the same month last year, however, 11 per cent fewer sales compared to August’s 1,786 sales.

“Summer months are historically stronger for home sales in the Valley compared to the beginning of fall,” Penner explained. “However, as far as Septembers go, this one was solid, in fact the third strongest in the last decade.

“That pent-up demand we saw in the spring has carried forward, buoyed by low interest rates and housing prices that, despite inching up in some areas, remain more economical than they were a year ago.”

The MLSLink® Housing Price Index (HPI) benchmark price of a detached home in September was $491,404 a decrease of 1.5 per cent compared to September 2008, when it was $498,822. In the last three months, the HPI benchmark price of a detached home has increased by 4.2 per cent.

The HPI benchmark price of Fraser Valley townhouses decreased 4.2 per cent from $325,898 in September 2008 to $312,143 in September 2009, and in the last three months has increased by 3.7 per cent. The benchmark price of apartments also decreased year-over-year by 5.2 per cent, going from $253,489 in September of last year to $240,378 in September 2009, and has increased by 4.1 per cent in the last three months.

In September, the average number of days on market for a detached home in the Fraser Valley was 55 days, a decrease from the average of 60 days where it’s hovered for five months. Townhomes sold on average in 46 days in September and apartments, 54 days.

The number of active Fraser Valley listings in September decreased 2 per cent from August, dropping to 8,799 listings. This represents a 29 per cent decrease from last year’s all-time high for actives, 12,379. The MLS® received 2,640 new listings in September, an increase of 7 per cent compared to August, yet 14 per cent fewer than September of last year.