Archive for March, 2010

The Best way to Start Searching for a Home in Langley, White Rock & Surrey, by Andrew Szalontai, Real Estate Expert in Langley, White Rock & Surrey

Wednesday, March 3rd, 2010

The best way of starting your search for a home in Langley, White Rock & Surrey is by contacting an experienced and qualified real estate agent in Langley, White Rock & Surrey. It is so easy to get sidetracked by real estate sites that show beautiful pictures and make every home look like a palace. You can easily become convinced that a Langley, White Rock & Surrey home is right for you by merely seeing some pictures of it, when in reality the house is in shambles, or has underlying structural issues that cause a major problem.

A real estate agent in Langley, White Rock & Surrey can lead you towards homes that are in your current price range and offer the best value for your money. They have been in many of the homes that are shown in these lovely pictures and can tell you quite honestly what these Langley, White Rock & Surrey homes really look like inside.

Real estate agents in Langley, White Rock & Surrey also know what kind of price range you can expect in different locations around Langley, White Rock & Surrey. The same house that costs $550,000 in one area can go for $750,000 to $800,000 at the other end of the city. While you may not be able to take this into account because you do not know the different markets around the city, rest assured that your real estate agent does. He can let you know if the asking price of the house is a reflection of its true market value in Langley, White Rock & Surrey.

You can waste a lot of time and energy looking for a house on your own. Using the services of a good real estate agent in Langley, White Rock & Surrey will save you a lot of time and frustration. The agent will take into account everything you have told him about your desired home and lead you towards houses in Langley, White Rock & Surrey that are in your price range, in a good location and have all or most of the features you require in a home.

Remember that real estate agents in are in business to service you, and if they are not able to do that properly they will make no income. Use their knowledge and guidance to help you find the best home in Langley, White Rock & Surrey that you possibly can.

There is a lot of free information available to you about buying, selling or investing in Langley, White Rock & Surrey real estate. For complete information about the Langley, White Rock & 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 & 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@yourperfecthome.ca .

Three Tips to Help you Sell your Langley, White Rock and Surrey Home Fast, by Andrew Szalontai, Langley, White Rock and Surrey Real Estate Expert

Wednesday, March 3rd, 2010

There are a lot of things you must keep in mind when you are selling your Langley, White Rock and Surrey home. Sometimes it seems rather overwhelming. Here are a few valuable tips you can use to help you sell your home in Langley, White Rock and Surrey faster and make the most profit on it as well.

#1 - Keep it clean and tidy. This is so important that it must be said again. Keep it clean and tidy. A house that is dirty and unkempt can be almost impossible to sell. Your Langley, White Rock and Surrey real estate agent will not want to show your home if it is not up to standards, and it is your responsibility to keep it looking its best for however long it takes to sell. If you have to invest money by hiring a Langley, White Rock and Surrey housekeeping service, then do it you must. It is the most critical part of selling a home, and the small amount it will cost to hire help is nothing compared to how much more money you can make by selling your house quickly.

#2 - Have you ever thought about visiting another open house in the Langley, White Rock and Surrey area and seeing what it is actually like to view another home? You will be quite surprised at what you find. You need to make a mental note of your thought processes as you walk through the Langley, White Rock and Surrey home in order to experience what potential buyers are looking at when they walk through yours. It is quite amazing to see this viewpoint. Visiting a friend’s home for a coffee is quite different from actually inspecting a home.

#3 - Work closely with your Langley, White Rock and Surrey real estate agent. He has a lot of valuable advice he can offer and you need to be willing to accept most of it. He has been playing this real estate game for a lot longer than you have, and even though some of his ideas may not seem right to you, he knows what buyers are looking for. There are certain strategies for selling a home in Langley, White Rock and Surrey quickly that only the top agents know about. Follow his advice for a quick sale and you’ll never look back.

Use these tips to your advantage and you will find that your Langley, White Rock and Surrey home can sell very quickly. The bottom line is you must invest the time to make it sell, and the more time you take the faster your Langley, White Rock and Surrey home will sell.

If you need more free information about selling, buying or investing in Langley, White Rock and Surrey real estate feel free to contact Andrew Szalontai. For complete information about the Langley, White Rock and Surrey real estate market, including the most recent homes for sale, current property values and more, please visit the most complete online website dedicated to meeting all of your Langley, White Rock and Surrey real estate needs at www.mylangleyrealestate.com or www.yourperfecthome.ca . Do not hesitate to contact me anytime with any of your real estate or mortgage related questions and I will be happy to answer your them for you. Call me on my cell at 778.862.5542 or email me at andrew@yourperfecthome.ca .

Average Housing Prices in February

Wednesday, March 3rd, 2010

RESIDENTIAL DETACHED

 

N.Delta

Surrey

W.Rock

Langley

Abbots

Feb ‘10

$492,347

$532,326

$784,484

$528,010

$427,215

Jan ‘10

$517,747

$529,441

$842,388

$539,748

$436,651

change

-4.90%

0.50%

-6.90%

-2.20%

-2.20%

Feb ‘09

$429,618

$485,507

$750,116

$489,347

$399,989

change

14.60%

9.60%

4.60%

7.90%

6.80%

 

 

 

 

 

 

TOWNHOUSES

 

N.Delta

Surrey

W.Rock

Langley

Abbots

Feb ‘10

$412,341

$317,453

$479,118

$314,394

$285,953

Jan ‘10

$372,500

$311,851

$490,150

$307,722

$255,023

change

10.70%

1.80%

-2.30%

2.20%

12.10%

Feb ‘09

361,000

$291,033

$440,540

$294,656

$247,575

change

14.20%

9.10%

8.80%

6.70%

15.50%

 

 

 

 

 

 

APARTMENTS

 

N.Delta

Surrey

W.Rock

Langley

Abbots

Feb ‘10

$237,024

$214,362

$312,113

$214,320

$175,200

Jan ‘10

$183,500

$213,007

$278,641

$215,608

$200,015

change

29.20%

0.60%

12.0%

-0.60%

-12.40%

Feb ‘09

$228,500

$196,649

$285,663

$210,700

$158,670

change

3.70%

9.0%

9.30%

1.70%

10.40%

Home sales activity strong through Olympic period

Wednesday, March 3rd, 2010

VANCOUVER, B.C. – March 2, 2010 –The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,473 in February 2010, an increase of 67.1 per cent compared to February 2009 when 1,480 sales were recorded and a 28.6 per cent increase compared to the 1,923 sales recorded in January 2010.

More broadly, last month’s sales totals marked a 7.6 per cent decline compared to the 2,676 sales recorded in February 2008 and were 13.5 per cent behind February 2007 when 2,859 residential sales were recorded on the Multiple Listing Service (MLS®) in Greater Vancouver.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 19.7 per cent to $581,911 from $486,054 in February 2009. This price is 2.4 per cent above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411.

“We don’t know at this point what long-term impact the Olympics will have on our housing market, but we do know that activity in our market remained steady through all of the excitement and distraction of the last few weeks,” Scott Russell, REBGV president said.

“In February, for example, 110 sales were recorded on the MLS® in downtown Vancouver. That’s higher than 2009 and slightly lower than the mid-2000s, which is consistent with data from the overall market. It’s too soon to say whether that’s an Olympic effect,” Russell said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,606 in February 2010. This represents a 17.6 per cent increase compared to February 2009 when 3,916 new units were listed, and a 10.5 per cent decrease compared to January 2010 when 5,147 properties were listed on the MLS® in Greater Vancouver.

At 11,346, the total number of property listings on the MLS® increased 11 per cent in February compared to last month and declined 21 per cent from this time last year.

“Two months into 2010, we see the total number of homes listed for sale on the rise and demand in the market strong, but less frenzied than we saw in the latter part of 2009,” Russell said.

Sales of detached properties increased 67.5 per cent in February 2010 to 983 from the 587 detached sales recorded during the same period in 2009. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 22.5 per cent from February 2009 to $800,796.

Sales of apartment properties in February 2010 increased 65.2 per cent to 1,074 compared to 650 sales in February 2009. The benchmark price of an apartment property increased 17.3 per cent from February 2009 to $390,899.

Attached property sales in February 2010 are up 71.2 per cent to 416, compared with the 243 sales in February 2009. The benchmark price of an attached unit increased 16.2 per cent between Februarys 2009 and 2010 to $495,496.

Stronger than expected Fraser Valley home sales during Olympics

Wednesday, March 3rd, 2010

For immediate release: March 2, 2010

(Surrey, BC) – Not even the most engaging Olympics in Canadian history could completely slow the appetite for house hunting, according to the most recent statistics from the Fraser Valley Real Estate Board.

The Board’s Multiple Listing Service® (MLS®) recorded 1,204 sales in February, an increase of 23 per cent over January’s sales and an increase of 77 per cent over the 682 sales during February of last year.

Deanna Horn, president of the Board explains, “Although the phones were quieter and we did experience less traffic at open houses, we were surprisingly busy given how much everyone, including REALTORS® were enjoying the Games.

“Buyers are aware of two key changes that could impact their purchasing ability. The new mortgage rules coming in April, plus the Harmonized Sales Tax in July, so the ‘Olympic effect’ we were expecting wasn’t as deep.”

The Board’s MLS® received 2,879 new listings in February, an average of 144 per business day, providing buyers with 14 per cent more selection than they had the previous month. The number of active listings in February was 8,485, 12 per cent fewer than were available during February last year.

Horn adds that the combined strength of listings and sales currently is stabilizing Fraser Valley home prices. “Overall, we’ve seen modest price gains for the last three months. The benchmark price for all residential types combined increased less than one per cent from January to February.

“When you have a healthy level of inventory, it puts less upward pressure on prices and creates a stable, balanced market.”

In February, the benchmark price for Fraser Valley detached homes was $508,136, an increase of 11.3 per cent from the February 2009 price of $456,683.

The benchmark price of Fraser Valley townhouses in February was $324,708, a 9.8 per cent increase compared to $295,731 in February 2009. The benchmark price of apartments increased by 7.8 per cent year-over-year going from $228,091 in February 2009 to $245,879 in February 2010.