Avondale Assignments & Homes in North Vancouver
Are you looking to purchase or sell an assignment or home in Avondale at 1468 St. Andrews Ave. in Central Lonsdale, North Vancouver? If so, you should go to this website – www.buildingdigger.com. Here you will be able to see all available units currently for sale. For information on listing your assignment or home you can contact Tyler Gump at tyler@thegumpgroup.com and arrange your free market evaluation today. For more information on Tyler Gump, The Gump Group, or Building Digger please visit the websites below.
September 2008 Real Estate Market report
Summer lull sees properties stay on market
VANCOUVER, B.C. – September 3, 2008 – The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totaled 1,568 in August 2008, a decline of 53.7 per cent from the 3,384 sales in August 2007, and a 47.7 per cent reduction from the 2,998 sales recorded in August 2006.
New listings for detached, attached and apartment properties declined 1.7 per cent to 4,331 in August 2008 compared to August 2007, when 4,408 new units were listed.
“In August, properties on average remained on the market longer than we’ve seen in recent years,” REBGV president, Dave Watt said. “As the market heads into the traditionally more active fall season, we have begun to see property listings recede and prices moderate.”
Sales of detached properties declined 58.5 per cent to 535 in August 2008 from the 1,288 detached sales recorded during the same period in 2007. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties rose 1.6 per cent from August 2007 to $737,985. Since May 2008, the benchmark price for a detached property in Greater Vancouver has declined 4.3 per cent.
Sales of apartment properties in August 2008 declined 50.8 per cent to 740, compared to 1,504 sales in August 2007. The benchmark price of an apartment property increased 1.7 per cent from August 2007 to $374,366. Since May 2008, the benchmark price for an apartment property in Greater Vancouver has declined 3.9 per cent.
Attached property sales in August 2008 are down 50.5 per cent to 293, compared with the 592 sales in August 2007. The benchmark price of an attached unit increased 3.8 per cent in Greater Vancouver between August 2007 and 2008 to $463,433. Since May 2008, the benchmark price for an attached property in Greater Vancouver has declined 3.2 per cent.
As of August 31, 2008, active residential listings totaled 17,950 in Greater Vancouver, a 6.2 per cent decline from the 19,138 active listings seen on July 31, 2008.
For more information on the Vancouver Real estate Market Please contact Tyler Gump with TRG Realty at tyler@thegumpgroup.com or visit www.thegumpgroup.com.
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Would you like a free market evaluation of your home?
It’s a Buyer’s market!!! The Market has taken a full turn form very active Sellers market over the last 3 years to a much slower Buyers market. We have seen many more listings coming on the market and over 40% less sales taking place from the same period last year.
As the market changes we need to be able to change along with it. This means being more educated on the changing market and unfortunately for Sellers it means being more reasonable with the list price of their homes. With so much competition out there homes are not selling for the same prices they could have last year, nor are they selling as fast.
For Buyers it means there are more listings to choose from and they will in general have more time to make their decisions.
With this changing market CMHC (Canada Housing & Mortgage Corporation) has elected to eliminate the 40 year amortization and the 100% financing beginning October 15. This will be a big blow to First Time Home Buyers who count on these types of help in order to get into the Real Estate Market.
With all these changes now is a great time for all Buyers to get into the game. First Time Home Buyers need to check out this new website www.vancouverfirsttimebuyers.com, it will give first time home buyers lots of information and start them in the right direction. Buyers looking for Pre-sales or Assignments should visit www.buildingdigger.com; here they will find a complete database of all New Construction & Assignments in North Vancouver, Vancouver, and other areas in the Lower Mainland. For all other Buyers, you can go to www.thegumpgroup.com and fill in a Buyer’s Information Form and start receiving new MLS listings right away.
For more information on the Greater Vancouver Real Estate Market please contact Tyler Gump with TRG Realty at tyler@thegumpgroup.com or visit www.thegumpgroup.com
FREE REPORT
“15 Mistakes Home Buyers Make and How to Avoid Them”
This report was created by Tyler Gump & The Gump Group and is free to everyone. It contains the 15 most common mistakes that many Home Buyers make – not just First Time Buyers!! It also includes tips and advice on how to avoid these mistakes and correct the ones you may have already made.
Sound interesting? Just follow the link below and your report will be emailed to you in PDF format. If you choose, this report can also be mailed right to your home address.
CLICK HERE FOR YOUR FREE REPORT
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