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A recent report from the BCREA... Vancouver, BC – October 18, 2007. British Columbia Real Estate Association (BCREA) reports residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 20 per cent to $3.42 billion in September, compared to the same month last year. Residential unit sales increased 6.8 per cent to 7,687 units during the same period. The average MLS® residential price reached $445,205, up 12.3 per cent from September 2006. “Housing demand hasn’t let up after a record-breaking summer,” said Cameron Muir, BCREA Chief Economist. “While the number of homes for sale has increased since last year, the sales-to-active-listings ratio has remained unchanged. This means homebuyers are snapping up additional inventory at the same pace, and upward pressure on home prices is continuing.” “Strong economic conditions are underpinning BC home sales,” noted Muir. “Robust job growth, low unemployment and rising wages and salaries are bolstering consumer demand.” More than 70,000 jobs have been created in the province over the last year, while the unemployment rate hovers near an historic low. The average weekly wage in BC climbed 3.3 per cent in September, compared to the same month last year. Year to date, MLS® dollar volume increased 18 per cent to $36 billion compared to the same period last year. Residential sales rose 4.9 per cent to 82,627 units, while the average residential price climbed 12.5 per cent to $436,062.
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One issue that I have found with buyers, especially those new to the market, is when I show them a home when they are early on in the search, they often feel that they cannot make an offer on it, "because it would be too easy to find the perfect home so fast". Sometimes we've found this home because I've listened closely to what their needs are and seen the home, called them and got them over there. Sometimes, they've found it through my website and simply want to see it. Either way, there is this feeling that they cannot make an offer on a house so early on in the process. Almost always, I try and get them to see a variety of houses that meet their criteria at once so that we are using our time effectively and they can see that one in particular is a good purchase for them. However, in the instance of them seeing one home, falling in love with it and not being sure about making an offer, I try and get them out at the next earliest available time looking at every single home that meets their criteria so that they learn to trust their instincts. One can avoid this by meeting clients ahead of time during a 'buyer interview', so that both parties go into the home search experience prepared and ready to make a decision. A home buyer interview is a meeting between the realtor and the client whereby the realtor qualifies the buyer to purchase a home, provides the buyer with resources and connections, discuss the buyer's objectives and discusses buyer agency.
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Real estate seminars are a great way to get up-to-date information about purchasing a home. Purchasing a home is a multi-step process... from looking at real estate, determining the conditions, negotiating the offer, contacting lawyers, home inspectors, insurers and satisfying and removing the conditions of the offer, getting ready for the move, moving in, changing your information and then there is learning about being a home owner... what is a serious problem? What are options to fixing it? Come and learn from the experts at the Seminar, Getting Your Foot in the Door... how to get into real estate ownership. For more information, give me a call at 744-0775 or register through Juan de Fuca Recreation Centre. Jane Johnston
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Note that this information is outdated. This 1½ to 2 hour seminar will inform those who want to list their homes. Selling a home is stressful and is usually the plan to sell is a result of other stresses in your life. Planning for change results in better buying and selling strategies. This seminar will provide you with information about the market so you can take advantage of it. When is the best time to list? How can you benefit from the market changes? What are common things that buyers are looking for? Is selling a home easy? Why do you need to chat with a mortgage broker before you go out and purchase a home even if you are moving from one to another? Why use a Realtor to sell your home? Industry experts will be here to chat with you and give you some of their experience in this area. This course was designed by Jane Johnston, Realtor and Teacher. For more information about the seminar, call Jane at 744-0775. Register at Juan de Fuca Recreation Centre. Cost $15 When/Where: Juan de Fuca Recreation Centre - Spinnaker Room DEC 10 7:30-9:30
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This 1 ½ -2 talk will educate you about mortgages, the difference in renting versus owning, real estate agency (how and why use a Realtor), what will happen from offer to possession, and what is happening in the real estate market. Designed by Jane Johnston, Realtor and Teacher, this seminar is for those who want to learn about buying their first home. A mortgage broker, real estate lawyer and other industry specialists will be on hand to answer questions. For more information about the seminar, call Jane Johnston, 744-0775. Register at Juan de Fuca Recreation Centre front. Cost $15 When/Where: Juan de Fuca Recreation Centre - Spinnaker Room Feb 4 7:30-9:30
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Sun Ridge, Colwood
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We invite everyone to visit our open house at 2430 Sooke Road on
August 25
from 2:00 PM to 4:00 PM.
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| 29 | 30 | 31 | 1 | 2 | 3 | 4 | | 5 | 6 | 7 | 8 | 9 | 10 | 11 | | 12 | 13 | 14 | 15 | 16 | 17 | 18 | | 19 | 20 | 21 | 22 | 23 | 24 | 25 | | 26 | 27 | 28 | 29 | 30 | 31 | 1 | | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
Metchosin, Vancouver Island
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We invite everyone to visit our open house at 3944 Circle Drive on
August 26
from 2:00 PM to 4:00 PM.
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• 1,600 sq. ft., 2 bath, 4 bdrm townhouse "3 storeys"
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$355,000
- Completely renovated
Glanford, Saanich West
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This is a newly renovated home that has been meticulously maintained by it's current owners. The home is well planned, giving it a feeling of spaciousness. Three bedrooms and bathroom upstairs. Kitchen just completed with new counterops and look-through to living room. The living room has a walkout to a privately enclosed patio, which overlooks a semi-private greenspace. The townhouse complex is well run and includes an outdoor pool and club house and well-kept gardens. Family-oriented neighbours include families and retirees. Located close to downtown, it's perfect for a commuter.
Property information
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One trick to do when you are looking for a home and are seeing a lot of properties, is to give each home a nickname and then write notes on the pages your realtor gives you. I like to provide my clients with a folder, a list of properties and have them take notes for every home we see. When we finish visiting a home, I ask my clients to rate the property in the top 3. Anything that does not get into the top 3 gets crossed out. If someone wants to add a home, then we take another out. The point is, at the end of the day, they should be able to rationalise what they have seen, summarise what they liked and didn't like and then make a decision to either purchase or view again.
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Quiet, spacious home
• 2,889 sq. ft., 4 bath, 3 bdrm 2 story
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$745,000
- Cul de sac flat lot!
Cordova Bay, Saanich East
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This is a gorgeous family home on a cul de sac in Cordova Bay. Enter into the cathedral entrance to be wowed by the warm and inviting living room and formal dining room. The kitchen features corion (solid surface) counter tops and kitchen aid appliances. The kitchen looks into a breakfast room and den, which is great for a busy family. Have a drink at the bar while you watch TV in the den! The office is well appointed and located on the first floor, with easy access to the front door and a two piece bathroom for those who want to work at home. Upstairs there are three bedrooms, with a separate washroom for the kids and a huge ensuite bath and walk in closet for the parents. Separated from the main part of the home, is a large recreation room with north facing skylights, perfect for an artist, a kids playroom or an entertainment centre. The kids can play on this safe street and walk into the washroom located within the garage to wash up before they enter the home. Go on into the lovely flat backyard with the huge patio, great for entertaining guests for a barbque. The owners have planted trees there, providing privacy from the neighbours. This very pretty executive home is well priced at 745,000.
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Quiet, Secluded, Gardener's Delight
• 2,764 sq. ft., 3 bath, 5 bdrm 2 story "bi level split"
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MLS®
#233681
$575,000
- Ocean View, Cul de Sac
Metchosin, Vancouver Island
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This is a beautiful home with an ocean view on a quiet cul de sac. The land, which is .4 acres is flat, but has been separated by vines and walls to create a roomed-garden look.
Within the home: Enter into the spacious living and dining room and move into the spacious kitchen, with adjoining breakfast nook/eating area. Three bedrooms are located on the main floor with 2 bathrooms, ensuring privacy for parents yet close proximity to kids. The kitchen is great for entertaining guests who can gaze out at Race Rocks in the distance.
Downstairs there is a lovely den with fireplace and two bedrooms, again with a three piece bathroom. The former carport has been converted into a permanent shop/storage space, great for the person who wants to work with their hands at home.
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Revenue Property
• 2,500 sq. ft., 3 bath, 5 bdrm 2 story
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MLS®
$472,900
- 4 bedrooms plus suite
Sun Ridge, Colwood
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This is a beautifully decorated 4 bedroom family home, with a large suite that includes 1 bedroom + den suite. The main part of the home has a large living room on the main, with three bedrooms and the kitchen, plus three bathrooms. Downstairs is a warm and comfortable den, with an adjoining bedroom - perfect for older children needing space, or younger children who want their own playroom. The home is full of a lot of natural light. The suite has been well planned and includes 1 + bedrooms, a large living room, kitchen and 4 piece bathroom. Currently it is tenanted by a relative of the owners, but the revenue potential is high. The home is located near Veterans Memorial Parkway and Sooke Road, which means it is close to shopping, transportation and is easy for the downtown commuter.
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