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Begin forwarded message:
From: The Mike and Will Team <info@mikeandwill.com>
Date: 11 May, 2012 12:36:57 PM PDT
To: jason_wang@shaw.ca
Subject: REBGV April Stats 2012 | 2 New Listings | Fixed Rates Being Chosen Over Variable - But Why ?
Reply-To: info@mikeandwill.com
Dear Jason,
The sky is falling...? The media loves to discuss and promote the idea of change and fear and it is in our nature to listen and follow. This week we are pleased to share with you the most recent statistics published by the Real Estate Board of Greater Vancouver. The statistics show that we are in a balanced spring market where more selection is coming available, but what does this mean to a person thinking about buying or selling? For a buyer it means that this is a great time to see more options and on average have a little more time to make sure that they are choosing the right place for their needs. It also means that multiple offers are less common and that properties that are priced appropriately will likely sell within a couple percent of the asking price. To most buyers that doesn't sound too bad! For sellers it means that this is a time to be well educated and price your property appropriately based on the recent sales history. With a stable market, it would be expected that a home should sell within a month or two for a price similar to other recent sales of comparable homes in the area or units in a complex. To most sellers that doesn't sounds too bad! Although the media may be looking for a news story to captivate its audience, this spring market is showing signs of stability (who knew it would finally be possible in Vancouver after years of peaks and valleys) and it is not the sky which is falling but rather the towers getting taller and growing upwards towards the sky! If you are looking for a fully renovated patio home just up from Commercial Drive or a tranquil 2 level townhome steps to the conveniences of Cambie Street, be sure to look at our new listings below. Needing to finance that new home? Tony explains the difference between variable and fixed rates and speaks about the current trend towards the choice to take a variable one.
Hope to see you this weekend at one of our open houses.
Open Houses:
409-1388 Nelson Saturday/Sunday May 12/13th 2-4 PM
101-2626 Alberta Saturday/Sunday May 12/13th 2-4 PM
105-1440 E. Broadway Sunday May 13th 2-4 PM
321 678 W 7th Saturday/Sunday May 12/13th 2-4 PM
-Mike, Will and Kate
Quiet (don't be fooled by Broadway) Worry free Alexandra Place has been rainscreened 2011 with 10 year warranty, new plumbing 2011, roof 2001 & modernized hallways 2012! The location is unbeatable within 2 blocks of the Commercial Drive skytrain & the many shops on Commercial Dr. This great layout ground floor (with large private patio) 1 bedroom & den & insuite storage suite has been completely transformed with smooth ceilings, laminate throughout & marble tile in the completely renovated kitchen with SS appliances, new bathroom tile, vanity & fixtures. Parking included, rentals & cats welcome, storage locker available (rent from strata) & laundry or dishwasher allowed with Strata approval!
Offered at $283,000
Rarely available Liberte 2 bedroom 2 bath 2 level townhome with city & mountain views. Set on the most desirable block in Fairview, this building was constructed with rainscreen technology for piece of mind and security of investment. The reverse plan layout features 2 bedrooms and 2 full baths on the main level. Upstairs is an open living/dining area with gas fireplace overlooking the sparkling city lights at night. The kitchen is perfect for entertaining with ample counter space and breakfast bar. Gas for range & fireplace included in maintenance fees. Plenty of cabinet space included additional pantry. Bonus 2 secure parking spots & 1 locker & bike storage.
Offered at $584,000
REBGV Stats for April 2012
Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region's housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,799 on the Multiple Listing Service® (MLS®) in April 2012. This represents a 13.2 per cent decline compared to the 3,225 sales recorded in April 2011 and a decline of 2.6 per cent compared to the 2,874 sales in March 2012.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 6,056 in April 2012. This represents a 3.6 per cent increase compared to both March 2012 when 5,843 homes were listed and April 2011 when 5,847 homes were listed for sale on the region's MLS®.
Last month's new listing total was 6.7 per cent above the 10-year average for listings in Greater Vancouver for April.
Fixed Rates Being Chosen Over Variable. Why ?
More often fixed rates are being chosen over variable. Why is this ? And things you should consider before you make your choice.
According to a RBC Homeownership Poll published recently more and more people are choosing a Fixed Rate mortgage term over a Variable rate one. 42% of people who are looking at buying in the near future are considering a fixed rate as compared to 21% for variable.
There are a few reasons for this but also a few things to consider before making your ultimate choice:...
Tony Marchigiano | Mortgage Specialist | RBC Royal Bank | Royal Bank of Canada | T. 604-505-7109
409-1388 Nelson
Open SAT/SUN 2-4
Offered at $439,900
406-1942 Comox
Just Sold
Offered at $398,800201-2215 Dundas
Just Sold
Offered at $239,000
4-2188 W 8 th
Just Sold
Offered at $998,800
302-3260 St. Johns
For Sale
Offered at $289,000708-1330 Hornby
Sold Over Asking
Offered at $299,900
Michael Wilcox Personal Real Estate Corporation Royal LePage City Centre
Mike and Will | 204- 345 Robson St. | Vancouver | BC | Canada
