Trails Edge Best Value!!!

Kids - Gotta Have Em

http://youtu.be/BWf-eARnf6U

How To Organize a Block Watch & Why!

Replacing your Roof

When people in our area re-roof  98% of them go to Asphalt and some others to Metal.

There are some fire insurance considerations with shake roofs over 20 years old. The Asphalt is considered safer in the case of a fire. Asphalt can last as long as 30-40 years depending on the type of asphalt shingle used, price goes up with the quality. Shake roofs are not recommended for longer than 20 yrs.

The prices vary with quality. To re-roof a shake roof should be in the area of $10,000.  An asphalt roof can cost $15,000 and up because they have to re-sheet the roof with plywood. In our area The lady across the street spent $27,000 on a rancher roof, the people beside us paid $12,000 on a low quality job and the people 2 housed over paid $40,000 for a metal roof, expected to last 40-50 years.

We went with Sears because we wanted their warranty and reputation. They in turn shopped the job out to Contract workers. Cost us $18,000.

Be sure you get a written warranty and interview at least 3 suppliers. Ask for samples of their completed jobs, drive around and have a look at what they have done and compare it to others nearby.

Hope this helps, let me know if you have any additional questions.

The Market - March 7, 2012

The Market seems to be slowing for Sellers. More listings and fewer sales and Interest rates are still at lifelong lows.

I have had my house on the Market since Jan 8 and I have had only 7 showings and no offers. The house is priced at $639K and is not outrageous for this area.

A lot of the new confusion is now this HST back to GST thing because New House prices are dropping, people are buying up the deals.

The Spring Market will soon be here and for a few months the movers will be out searching and shaking for the right property to be in by the start of the next school year.

I’ll send you the Stats at the end of the month and you will have a better idea of how things are going.

Stats Summary - Feb 2012

REBGV Statistics - September 30, 2011

Home listings continue to rise in the Greater Vancouver

housing market

VANCOUVER, B.C. – October 4, 2011 – Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increase compared to the 2,220 sales in September 2010. Those sales also rank as the third lowest total for September over the last 10 years.

“There's more competition amongst home sellers in today's market, providing more options for prospective buyers," Rosario Setticasi, REBGV president said."Buyers now have more properties to choose from and more time to make decisions compared to the spring season.”

New listings for detached, attached and apartment properties in Greater Vancouver totaled 5,680 in September, the third highest volume for September in 17 years. This represents a 20.1 per cent increase compared to September 2010 when 4,731 properties were listed for sale on the MLS® and a 21.2 per cent increase compared to the 4,685 new listings reported in August 2011.

The number of properties listed for sale on the Greater Vancouver MLS® system has increased each month since the beginning of the year. At 16,085, the total number of residential property listings on the MLS® increased 4.6 per cent in September compared to August 2011 and rose 4.4 per cent compared to this time last year.

“Our sales-to-active-listing ratio currently sits at 14 per cent, which is the lowest it’s been this year. Generally analysts say that a buyer’s market takes shape when the ratio dips to about 12 to 14%, or lower, for a sustained period of time,” Setticasi said.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 8.8 per cent to $627,994 in September 2011 from $577,174 in September 2010.

Since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 0.5 per cent.

Sales of detached properties on the MLS® in September 2011 reached 957, an increase of 10.5 per cent from the 866 detached sales recorded in September 2010, and a 32.8 per cent decrease from the 1,423 units sold in September 2009. The benchmark price for detached properties increased 13.4 per cent from September 2010 to $896,701.

Sales of apartment properties reached 922 in September 2011, a 5 per cent decrease compared to the 971 sales in September 2010, and a decrease of 38.1 per cent compared to the 1,489 sales in September 2009. The benchmark price of an apartment property increased 4.4 per cent from September 2010 to $405,569.

Attached property sales in September 2011 totalled 367, a 4.2 per cent decrease compared to the 383 sales in September 2010, and a 43.3 per cent decrease from the 647 attached properties sold in September 2009. The benchmark price of an attached unit increased 5.4 per cent between September 2010 and 2011 to $516,697

For a full stats package please email me or call me at 604-603-1257