Steve Baldwin

REALTOR®

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Cell: 604.317.7810 |

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Vancouver, BC – September 16, 2013.

 

The British Columbia Real Estate Association (BCREA) reports that a total of 6,863 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during August, up 28.6 per cent from August 2012. Total sales dollar volume was 39.7 per cent higher than a year ago at $3.66 billion. The average MLS® residential price in the province was $533,400, up 8.6 per cent from August 2012. "After sitting on the sidelines for much of 2012, home buyers were out in force during the summer months,” said Cameron Muir, BCREA Chief Economist. “Fear of a housing market hard landing has given way to a sense of urgency to lock-in a mortgage at a low interest rate."

 

While higher mortgage interest rates are on the horizon, BCREA forecasts the five-year posted mortgage rate to be

50 basis points higher a year from now. The impact on consumer demand is expected to be largely offset by stronger economic conditions and the associated employment growth. Year-to-date, BC residential sales dollar volume
was up 1.5 per cent to $26.5 billion, compared to the same period last year. Residential unit sales were down
0.6 per cent to 49,849 units, while the average MLS® residential price was up 2 per cent at $532,130.

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New property listed at 16 3634 GARIBALDI DR in North Vancouver.
Welcome to the Perfect Family Home! This 3 level townhome offers a spacious floor plan with over 2400 sq. ft. of living space. Located in a quiet cul-de-sac bordering a tranquil creek and green belt this lovely home is perfect for thegrowing family. Your new home features 3 bedrooms up, including a large master with full en-suite and walk-in closet. The main offers a spacious living and dining room, fireplace and walk out to a deck and lower yard. The generous sized kitchen is perfect for the kitchen gourmet and features a second dining area with seating room for 6. The lower level offers a recreation room with adjoining laundry, access to a 5' crawl storage. The "flex room" could be a 4th bedroom, office or media room.
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New property listed at 913 14TH AVE W in Vancouver.
Fairview 2 bedroom, 2 bathroom, 2 level townhome in perfect move-in condition complete with hardwood floors, wood burning fireplace, updated kitchen and bathrooms. Bonus is the 200 square foot south exposed private patio. Pets, rentals ok.Close to all levels of schools, shopping, parks and bus transportation. Walking distance to VGH. New roof summer 2013.
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