SURREY, BC – Home sales increased in April, with the Fraser Valley Real Estate Board reporting 1,366 sales
processed through its Multiple Listing Service® (MLS®), an increase of 21.1 per cent compared to March’s 1,128
sales, but still lagging behind April 2012’s 1,435 sales.
“Historically, sales and listings activity noticeably increases during the spring months and April was no exception,”
explains Ron Todson, President of the Board. “What’s different this year is that a number of external factors, such
as tighter credit rules and the government’s spotlight on consumer debt have made some consumers more
cautious about buying or selling a property. However, for those who need to move to a bigger or smaller home or
to another community before summer hits, its business as usual because when you need a home, you need a
The Board received 2,951 new listings in April, 5.8 per cent fewer compared to last year’s 3,134 new listings in April
but up 7.8 per cent from March. Total active inventory at month‐end was 9,995 listings, up from March but still
down from 2012. The result has been that the balance between sales, new listings and total active inventory
shifted slightly in favour of a balanced market, with April’s sales‐to‐active‐listings ratio increasing to 14 per cent
compared to March.
Todson says a balanced market helps to keep prices in check. “Depending on the market area and property type,
prices are either slightly up or down based on desirability and availability of product, underscoring the importance
of understanding what’s going on in your specific area, which is exactly where REALTORS® can help.”
In April, the benchmark price of single family detached homes in the Fraser Valley was $547,300, an increase of 0.4
per cent compared to $545,000 during the same month last year. For townhouses, the benchmark price was
$299,100, a decrease of 2.2 per cent compared to $305,900 in April 2012 and the benchmark price of apartments
was $203,900, virtually unchanged from $203,800 in April 2012.
“Pricing is incredibly important in slower than average markets,” explains Todson, a real estate veteran with 30
plus years in the business. “We’re not seeing the rapid increases in home values of the last decade, which means
that sellers may need to sharpen their pricing in order to be competitive, but buyers won’t see dramatic price
drops. A balanced, steady market can be a very good market for consumers to be in.”
The Fraser Valley Real Estate Board is an association of 2,785 real estate professionals who live and work in the BC communities of
North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission. The FVREB marked its 90‐year anniversary in 2011
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In March, the Fraser Valley Real Estate Board processed 1,128 sales on its Multiple Listing Service® (MLS®), a 20 per cent decrease compared to the 1,412 sales during the same month last year, and a 24 per cent increase compared to February’s 913 sales.
The Board also received 11 per cent fewer new listings in March compared to last year – 2,736 compared to 3,066 – keeping inventory in check. March finished with 9,503 active listings, 1.5 per cent fewer than March of last year and 3.5 per cent fewer than the 9,832 available during March of 2009; the highest volume of active listings for that month in the last decade.
Ron Todson, President of the Board, explains, “Although we saw a typical spring uptick in activity from February to March, our sales remained at about 70 per cent of the norm for March and our new listings came in at 90 per cent of what the Board would typically receive.
“Because inventory levels are in check, prices are staying in check.”
In March, the benchmark price of single family detached homes in the Fraser Valley was $544,300, an increase of 0.6 per cent compared to $541,300 during the same month last year. For townhouses, the benchmark price was $298,200, a decrease of 1.7 per cent compared to $303,400 in March 2012 and the benchmark price of apartments was $204,200, an increase of 0.8 per cent compared to $202,500 in March 2012.
Todson adds, “Inventory levels are not as high as they need to be to put significant downward pressure on prices of the benchmark, or ‘typical’ home. These are homes that have characteristics most common to houses in a given community.
“In fact, we’re seeing the reverse happen. Benchmark prices for all three main property types in the Fraser Valley increased in value during the first quarter of 2013. Since January, detached homes are up by 1 per cent, townhomes by 0.6 per cent; and apartments by 2 per cent.”
TOP TIPS ON KEEPING A GOOD CREDIT SCORE
1.) Make your payments in the correct amount on or before the due date! This will have a positive effect on your credit score. Missing or late payments and judgements, bankruptcies, collections or other public records will have an unfavourable impact on a credit score.
2.) Keep your balance considerably lower than the available credit limit provided. If you have several accounts with high balances relative to your available credit, this may indicate that you are relying greatly on credit to meet your daily needs.
3.) Multiple credit inquiries can lower your credit score, so reduce the number of credit applications you make.
4.) Always maintain a credit history. You can use a credit card to build a good history.
5.) The best mix of credit is a combination of a store credit card and a major credit card such as a VISA or MasterCard. It is important not to have too many credit cards or store cards as that may negatively impact a credit score.
Displine and pay on time, try to avoid too many credit card application attraction because of little sweet.
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Open House: October 21st
#53 16318 82 AV Surrey
#53 16318 82nd Avenue Fleetwood
Sunday 7th of October 2:00-4:00p.m
Sunday 14th of October 2:00-4:00p.m
Quote from: http://ca.yahoo.com/news,
Warren Buffett said" The third best investment I ever made was the purchase of my home"
Buying the home, holding it patiently, you will eventually get the reward from the investment.
For the buyer! Congratulations. You make the right decision which could easily make you succeed. If you have the patience to hold the home, you have the patience to achieve any goal.
10566 Holly Park Lane, Surrey
Saturday, August 4
I always try my best to help people. As a realtor, I hope I am always fair, reliable and credible.
When I represent my clients, I will take all my best efforts to uphold my clients best interests.
The real estate, being related to our land, is my passion. We maintain it, care about it. Because all people need home, the home is our sweet nest, our hope and our future.
Never regreting for owning properties, we treat them well, then they will look after us.
Land gives us life, feeds us , makes us prosperous, and eventually we will be all back to land.
We live for land, fight for land. Land is priceless .
The price of the land is never too high!
When we own the land, we own the privillege to serve the land, also owe the duties to protect the land.