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Understanding a Strata Depreciation Report

February 26th, 2021
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thumb Strata Depreciation Reports: What You Need to Know

If you are buying a strata held property in BC then it is likely that you’ll be given a depreciation report to review. Strata depreciation reports are a relatively new requirement in BC with legislation requiring strata councils to provide them coming into effect in 2011. The requirement for these reports was introduced as a means to pro ...

February Market Snapshot

February 25th, 2021
thumb The Fraser Valley Real Estate Market is still going strong this month with February sales crushing last February's and this January's sales.
 
In February the average home sold for $34,632 over list price with an average list price of $946,312 and average sale price of $980,944. The median home sold for $25,000 over list price with a median price of $825,000 and a median sale p ...

Liz Penner, the realtor you can get hold of.

February 24th, 2021

Ever been caught dealing with a realtor, or other professional, that you can’t get hold of?

 

Salespeople have been found to be second only to the internet when it comes to getting information regarding your next home purchase or sale (Agnihotri, et al., 2009). Yet lack of communication is one of the most common complaints made about a realtor (Horton, Margret, 2017).

When hiring a ...

Maple Ridge is a Good Investment

February 22nd, 2021

Maple Ridge detached houses and townhomes are cheaper than Langley while enjoying the same rental rates. The median rent for a 3 bedroom property in both Langley and Maple Ridge is $2,400 per month (zumper.com).

The Maple Ridge market hasn’t risen as a much as Langley with the average sale price of a Maple Ridge property $847,482 representing a 21.8% year over year price increase. The averag ...

Clayton and Cloverdale sub area market comparison

February 19th, 2021

I’m continuing on my focus on Cloverdale this week with a look at the cost per square foot for various property styles:

 

Clayton Heights

Clayton Heights detached houses: $480, up from $370 in November

Clayton Heights townhomes: $404, up from $400 in November

Clayton Heights condos: $546, up from $521 in November

Clayton Heights, all property types: $473, down from $480 in November.

...

Clayton Heights Detached Housing Market

February 18th, 2021

My focus on Cloverdale homes this week with a look into the detached housing market for Clayton Heights.

The average sale price for a detached house in Clayton Heights is $1.2 million, with an average days on market of 11 and selling for 102.3% of list price. This is great news if you own a detached house in Clayton Heights as not only is your home worth top dollar, but if you list your home ...

Clayton Heights Townhome Market

February 16th, 2021
My focus on the Cloverdale housing market continues this week with a look at the Clayton Heights townhome market. The interesting thing about real estate markets is that each area and property style moves at slightly different rates. So townhomes could be hot in Walnut Grove while cool in Willoughby.

The average price of a townhome in Clayton Heights is $665,430 which is a sharp increase from ...

Clayton Heights Condo Market Update

February 15th, 2021
This week I'll be sharing market stats for the Cloverdale area. I'll start with the Clayton Heights condo market. Condo's in Clayton sold in an average of 19 days for 97.7% of list price. The average sale price was $424,000, a slight increase from January's average sale price of $418,000.
 
In October condos in Clayton were selling in an average of 22 days for 99% of list price, w ...

Sullivan Station Townhome Real Estate Market Stats Feb 2021

February 9th, 2021
The Sullivan Station townhome resale market is busy, which is no surprise as this location is located close to the city centre while tucked away in a gorgeous community with great schools, community centres and shopping.
 
A townhome in Sullivan is selling for a benchmark price of $635,000, in an average of 24 days for an average of 100.3% of list price. Check out the links below ...

Are you being watched while viewing a home

February 9th, 2021

Surveillance during home showings – Is it permitted?



With the advent of easy to install video and audio recording devices clients have been asking me if they may be filmed while viewing a home and if this is allowed..... The answer is maybe.

I've shared an article from the BCREA on the topic, below. While the idea of being video surveiled while viewing your new home feel like a violation it i ...

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