Local Maple Ridge
Single family house August sales totalled 75 with the average sale price of $528,834. This a 22% increase in number of sales and average price increase of 8% compared to August last year. Townhouse August sales totalled 19 with an average sale price $292,552. This is a 24% decrease in the number of sales and average price unchanged over last August. Condominiums August sales totalled 17 with the average sale price of $166,347. This is an 21% increase in number of sales and average price decrease of 17% over last August.
Total of all types of sales for August was 111 with an average sale price of $432,873. This is a 11% increase in number of sales and a 8% increase in average price over last August.
Low volumes cause the statistics to vary quite a bit from month to month.
Year to date our average prices for single family are basically unchanged, townhouses also unchanged and condos decreased by about 1%. Average price for a single family in Maple Ridge has not changed in 3 years. We have seen about a 7-10% drop in average sale price of town homes and condos in the same time period.
The number of properties on the market in Maple Ridge for August is 1028 which is
1% more than last August.
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August activity in the Greater Vancouver housing market finished well above last year’s pace and slightly below the 10-year average for the month.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,514 on the Multiple Listing Service® (MLS®) in August 2013.
This represents a 52.5 per cent increase compared to the 1,649 sales recorded in August 2012 and a 14.7 per cent decline compared to the 2,946 sales in July 2013.
Last month’s sales were 4.6 per cent below the 10-year sales average for the month.
“We’ve seen a healthy amount of demand in the marketplace this summer compared to the number of homes listed for sale,” Sandra Wyant, REBGV president said. “The market today is much stronger than we saw last year and is consistent with our long-term averages for this time of year.”
New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,186 in August. This represents a 3.5 per cent increase compared to the 4,044 new listings reported in August 2012 and a 13.8 per cent decline from the 4,854 new listings in July of this year.
The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 16,027, which is an 8.8 per cent decrease compared to August 2012 and a 3.6 per cent decline from July 2013. The sales-to-active-listings ratio currently sits at 15.7 per cent in Greater Vancouver. This ratio remains consistent with balanced market conditions.
“People entering the market should not confuse stronger sales activity with rising prices. Home prices have been quite stable and consistent for much of this year,” Wyant said.
The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $601,500. This represents a 1.3 per cent decline compared to August 2012 and an increase of 2.3 per cent since the beginning of 2013.
Sales of detached properties reached 1,052 in August 2013, an increase of 69 per cent from the 624 detached sales recorded in August 2012, and a 3.1 per cent increase from the 1,020 units sold in August 2011. The benchmark price for detached properties decreased 2 per cent from August 2012 to $923,700.
Sales of apartment properties reached 1,018 in August 2013, an increase of 40.4 per cent compared to the 725 sales in August 2012, and an increase of 6.6 per cent compared to the 955 sales in August 2011. The benchmark price of an apartment property decreased 1.1 per cent from August 2012 to $366,100.
Attached property sales in August 2013 totalled 444, an increase of 48 per cent compared to the 300 sales in August 2012, and a 10.2 per cent increase from the 403 attached properties sold in August 2011. The benchmark price of an attached unit decreased 1.1 per cent between August 2012 and 2013 to $457,000.
Maximizing your vehicle's fuel efficiency will not only save you money but you'll also be doing your bit for the environment! Here are a few tips that'll pay off at the pump:
The best way to save on gas is to keep your car in the driveway so next time you climb behind the wheel, ask yourself if you can walk there instead. Just a few small changes to your driving habits such as combining errands or carpooling to work will save you a small fortune over time!
Taking the time to regularly maintain your property is critical as it helps protect your most valuable investment.
It's also much more cost effective to pro-actively fix small problems as opposed to trying to fix them once they're past the point of no return.
Regular maintenance should be part of your routine so here's a fall home maintenance checklist to help keep you organized:
Preventative maintenance will help ensure small problems don't turn into big headaches that need to be professionally attended to on short notice. Just a little time and planning will help you maintain your home's value and you'll also save money each month as your home will be much more efficient.
You've probably seen those innocent looking Facebook posts that ask you to "Like" a page in order to "help so and so get her kidney transplant!".
You want to help so you click "Like" but most of these pages are scams and once you "Like" them, your friends will see you fell for it and worse yet, they may get roped in as well.
Once these pages have enough "Likes", they're sold to businesses who use them to make their own pages more popular or they're rebranded and sold to unscrupulous marketers who may even use them to spread malicious software.
Cybercriminals prey on Facebookers because people are much more likely to trust links that are unknowingly spread by their own friends. Be careful what you "Like" on Facebook as scammers are everywhere!