Friday, March 25, 2011

JUST SOLD 1 Bedroom Condo- Top Floor!

Beautiful and spacious top floor 1 bedroom unit in newer building (2003). Sunny south exposure with nice deck. No upstairs neighbours! Large open concept kitchen, maple cabinets, plenty of counter space and bonus breakfast bar. Corner fireplace. Maintenance fee includes gas and hot water!! Insuite laundry. Well taken care of, looks new! Great location. A community close to everything: shopping, restaurants, Alex Fraser, Patullo Bridge, etc. Direct bus route to skytrain. Enjoy the exercise room, clubhouse with big screen TV, and guest suite. Secure underground parking. more pics here!

Sunday, March 20, 2011

Realtor Professionalism

Not every real estate representative can call themselves a REALTOR®. The term REALTOR® is a registered trademark used only by members of the Canadian Real Estate Association. To become a member, individuals pledge to uphold the REALTOR® Code of Ethics and Standards of Business Practice.

REALTORS® are committed to:

  • professionally competent service;
  • absolute honesty and integrity in business dealings; and
  • co-operation with and fairness to all.

Members of the Fraser Valley Real Estate Board also abide by the Rules of Cooperation, a common set of rules agreed to by the three real estate Boards operating in the Lower Mainland of BC. These rules are a model of cooperation and ensure consistency of service across our geographic boundaries.

In addition to our commitment to ethics and professionalism, our members abide by the legal regulations set out by the Province of British Columbia. Any violations to our Code, Standards, Rules, or legislation are brought forward for investigation and disciplinary action at both the Board level and at the provincial level, through the Real Estate Council of BC.

Professional Education

Most consumers take comfort in knowing that the professionals they hire are required to be life-long learners. REALTORS® are no exception. It is critical that, as professionals, our members are abreast of legislative changes, real estate practice topics such as agency and legal issues.

As a condition of membership, our REALTORS® are required to complete a number of accredited professional development courses. Requirements for our Professional Development Program surpass the basic requirements set out in provincial legislation.

Powerful data, powerful technology

Through the Multiple Listing Service®, our members have access to vast amounts of historical and current data to assist their clients in the sale or purchase of a property. Our members also have a variety of powerful technology tools to search and analyze this data for their clients.

Wednesday, March 2, 2011

Early Spring Surge in Sales

The Fraser Valley Real Estate Board processed 1,279 sales on the Multiple Listing Service® (MLS®) in February, an increase of six per cent compared with 1,204 sold during February 2010, and 53 per cent more than the 834 listings that sold last month.

Sukh Sidhu, Board president, confirms the market is more active earlier than expected. “Fraser Valley REALTORS® are busy. We sold 659 detached homes last month compared to 398 in January. We also saw the greatest amount of new inventory come on stream since last summer.

“We think one of the drivers is the change in mortgage rules that is coming up on March 18. Some clients have asked that their sale complete before that date. Plus, our REALTORS® are telling us that almost fifty per cent of their buyers paid less than 25 per cent as a down payment for their home purchases during the first half of February. A 35-year amortization could be more attractive to those buyers.”

In February, the benchmark price for Fraser Valley detached homes was $514,161, an increase of 1.2 per cent from the February 2010 price of $508,136.

The benchmark price of Fraser Valley townhouses in February was $316,578, a 2.5 per cent decrease compared to $324,708 in February 2010. The benchmark price of apartments remained on par year-over-year going from $245,879 in February 2010 to $245,519 in February 2011.

The MLS® received 3,038 new listings in February, an increase of 15.4 per cent compared to the volume received in January and 6.2 per cent more than the 2,879 new listings received during February last year. Last month finished with 8,680 active listings, an increase of 2.3 per cent compared to the 8,485 active listings available during February 2010, and 12.4 per cent more than were available in January.