Chris Penner ~ Real Estate Consultant Keller Williams Valley Realty

Fraser Valley Real Estate Board Stats for November 2009

Well as expect we hit another sales record this month with 1,522 sales which was a 200% increase from the same month last year (This is where we all say WOW). We are down a little bit from last month by only about 10% but that is to be expected as we head toward Christmas.

The major cause for this abnormal market activity is continued low interest rates, with this November being the 2^nd busiest in the last 10 years.

Prices are on a slow rise, but keep in mind that 70% or all homes sold (detached, townhouses, condos) and 46% of detached homes sold for under $500,000, which is real a testament to the affordability that has arrived in the market place.

The average days on market where 56 days for detached homes, 46 for townhouses, and 58 days for condos, which is what you would expect for a balanced market place.

I know you are thinking what kind of market are we in and if you look on page 9 of the pdf link you will see we are right around the buyers market/balanced market.

If you also look at page 11 on the pdf you will notice that the gap between condo prices and detached home prices have separated quite a bit over the last few years and the look to be continuing in that direction. So if you are currently looking at moving into a bigger home or even just to a detached home, if you would like more information on what it would take to move up to a detached home let me know.

If you would like specific stats for your city please check out the full stats report at Fraser Valley Real Estate Stats. If you need more information of help understanding what all the numbers mean please email me at questions@askchris.ca.

Cheers!

CP

For information on Chilliwack Real Estate Stats please email me at questions@askchris.ca

Hey guys, once again Northview Community Church's big NBC (Night Before Christmas) production is upon us in full effect with cue to cue rehearsals starting tonight and running through to Thursday and public shows starting on Friday Dec. 4.

This is a great opportunity to come out and see a real great show for a 10th of the cost of what a public venue show might cost of this caliber.

Ticket's are only 10 bucks and you have to buy them in advance at Northview's church office Monday-Friday 930am-430pm. It is on Downes Rd. in Abbotsford, BC just east of Clearbrook Rd.

You won't want to miss it this is the final NBC after 20 years they are shutting it down. This will be my fifth year involved in the music end of things and am really looking forward to wrapping up an era of great shows and great opportunity of out reach.

No matter what your beliefs this show is for you. You'll laugh, cry, be happy, and sad all in about 2 hours. Better yet there is desert served and include in your 10 dollar admission. Tickets are selling fast so hurry in to get yours.

Look forward to seeing you all there. Wish you all a very marry Christmas. For more inquires or would like more info on what this year's show is all about please feel free to ask.

Showtimes and Dates:

Friday, Dec. 4: 7:00 pm
Saturday, Dec. 5: 7:30 pm
Sunday, Dec. 6: 3:30 pm & 7:00 pm
Wednesday, Dec. 9: 7:00 pm
Thursday, Dec. 10: 7:00 pm
Friday, Dec. 11: 7:00 pm
Saturday, Dec. 12: 7:30 pm
Sunday, Dec. 13: 3:30 pm & 7:00 pm

Rock n' Roll!

CP

I was sitting around yesterday and was going through some of the Fraser Valley Real Estate Stats for the month of October and I suddenly realized that I don't think I have ever posted the stats or drawn attention to some of the high lights of the month in Real Estate.

I had lost sight that content is still king and there are lots of you out there that are interested in the information, so I thought I would bring the Fraser Valley Real Estate stats to you, I will do my best to high light some of the key notes, as well as attach a link for you to see the full stats package for the month.

All comparisons unless stated other wise are comparing to the same month (October) of last year to this year. Let's begin are quick and effective summary of the Fraser Valley Real Estate stats.

A noticeable change in sales activity has occurred to the tune of a 122% increase, which in anyone's book is staggering, and with a decrease in inventory by 25% we can already see signs of a move to a balanced market place. In other words everybody wins if you can believe that, although a balanced market typically doesn't last terribly long this is pointing at some level of stability before it either starts to climb again or make a correction. But with inventory on the decrease all signs seems to be pointing upward. With a rebound in price by about 4.7% we are back on the rise, even though it is quite slow and steady.

We still haven't recovered the totally amount of adjustment yet but it is only a matter of time before we rise back to where we where.

If you would like to see the full Fraser Valley Real Estate stats package you can get them free by clicking on Fraser Valley Real Estate Stats.

I hope this has helped to summarize a bit of what is in the stats package and help you get some idea as to what is happening in the Fraser Valley Real Estate market place these days.

The market is currently in a balanced market which means everyone wins, historically we know these markets don't last long it will continue to swing right through and keep progressing on it's path. With inventory dropping and sales increasing this means we starting to move in a direction of some recovery.

For more information or a more detailed explanation of what all this information means please contact me. I would love to hear your comments.

Cheers!

Hey the Malibu Pro Tour stop is this Friday and Saturday and thought you might be interested to see a schedule of events if you where planning on attending that way you know when to show up for certain events. Here you go.

Cheers!

Abbotsford Schedule of Events

Friday 9/18/09

9:00 AM Open Men Slalom Round #1

Top 4 competitors will retain seeds #1 thru #4 for finals

Top 4 competitors will not ski in Round #2

12:00 AM Open Women Slalom Round #1

Top 4 competitors will retain seeds #1 thru #4 for finals

Top 4 competitors will not ski in Round #2

1:15 PM Open Men Slalom Round #2

Top 4 competitors will retain seeds #5 thru #8 for finals

4:00 PM Open Women Slalom Round #2

Top 4 competitors will retain seeds #5 thru #8

Saturday 9/19/09

9:00 AM Open Men Jump primary qualifying round

Top 8 competitors will advance to finals

11:00 AM Open Men Jump consolation round for World Ranking List

12:15 PM Open Women Slalom Finals

1:45 PM Open Men Slalom finals

3:15 PM Open Men Jump Finals

Awards 5:00 PM

I am finally back in the land of written blogs, I have been work on video blog things for the last few months and have taken a bit of a break from writing. Not that my writing was ever any good but hopefully there was some information gleaned or a fun story read here at my blog.

Anyway I just wanted to let you all know that hopefully I will be back on here on a more regular basis again. If you are curious as to what I was working you can always go check out askchris.ca to seem my Real Estate Q & A via video, feel free to leave your comments and suggestions.

Our local market place here in the lower mainland and the greater Vancouver area has picked up substantially, so much so we have had some of the best months ever. Prices are still flat, activity increased and inventory slowly going down.

Did we really hit the bottom or was it just one of those false bottoms like they theorize about? We will just have to wait and see.

Enjoy the sun and the rest of the summer it is quickly coming to a close, enjoy and if there is any real estate question you need answered feel free to go check out askchris.ca

Cheers!