LYN HART : Associate Broker | Real Estate Sales : Archived blog posts for : 2009 : page 2

Open House. OPEN HOUSE:

Posted on March 10, 2009 by Lyn Hart

Property Photo: 404-1990 E. Kent Avenue in Vancouver

Please visit our Open House at 404-1990 E. Kent Avenue in Vancouver.

OPEN HOUSE:

NEW PRICE! Large 1060 sq.ft. top floor southwest facing suite overlooking lagoon and the mighty Fraser river. 2 bedrooms, 2 baths with vaulted ceilings, gas fireplace, in-suite laundry, hardwood floors, window seat, custom made drapery, slate tile entry. AND...this is a rainscreened building with amazing clubhouse facilities! Enjoy the peace and tranquility of the view from your balcony, walk or bike along the Fraser River. What a great lifestyle!

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Open House. OPEN HOUSE: Sun. March 8th 2-4 pm

Posted on March 6, 2009 by Lyn Hart

Posted in Fraserview VE, Vancouver East

Please visit our Open House at 404-1990 E. Kent Avenue in Vancouver.

See details here

OPEN HOUSE: Sun. March 8th 2-4 pm

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Open House. OPEN HOUSE: Sat. March 7th 2-4 pm

Posted on March 5, 2009 by Lyn Hart

Posted in Sapperton, New Westminster

Property Photo: # 1105 248 SHERBROOKE ST in New_Westminster

Please visit our Open House at # 1105 248 SHERBROOKE ST in New_Westminster.

See details here

OPEN HOUSE: Sat. March 7th 2-4 pm

PERFECT for 1st TIME BUYERS! This well laid out 805 sf 2 bedroom & den/2 bath ground floor Copperstone suite has an open floor plan & all the nicest finishing touches incl upgraded pine cabinetry. Master bedroom has large walk-in closet leading to full ensuite bathroom wluxurious soaker tub. Den can serve as home office or flex storage space. Good sized patio is on the quiet side of the building sharing future landscaped green space & just waiting for your BBQ. The revitalized Sapperton area is fast becoming an ideal location w/its close proximity to Royal Columbian Hospital, shopping, easy commuter access & just 2 blks from new Sapperton skytrain. Don't pass this one by! Open House Saturday Mar 7th, 2-4pm.

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Mortgage Rate Update - March 3, 2009

Posted on March 3, 2009 by Lyn Hart

Posted in 2009 Real Estate Market, First-time buyers, mortgage rates

Bank of Canada Drops Rates - Prime at 2.5%!

The major lenders have followed. If you are in a variable mortgage, stay in it! If your mortgage is in a fixed term and you have equity in your home, you might consider a refinance. Check your home value by your latest tax assessment value and talk to your mortgage specialist.

The Real Estate market is moving with further stimulus expected from the government. Historic low rates and prices down by 10-20%.....an amazing time to buy! For first-time buyers this is an unexpected opportunity.

Bank Prime Rate 2.50%

Term	Best	Bank Posted
1 year	3.50%	5.00%
3 year	3.99%	5.55%
5 year	4.19%	5.79%
10 year	6.00%	7.35%
25 year	9.15%	9.75%

Bold numbers denote change from last posted rates.

Variable mortgage from Prime + .80%...TODAY at 3.30%!

Courtesy of

Laura Stein - The Mortgage Centre
Telephone: 604-657-6535 ext 222
www.mortgagecents.ca

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Property Listings Decrease as February Sales Improve

Posted on March 3, 2009 by Lyn Hart

Posted in 2009 Real Estate Market, First-time buyers, statistics, Vancouver Real Estate blog, Vancouver real estate market

According to the Real Estate Board of Greater Vancouver (REBGV), residential housing sales in Greater Vancouver rose 94 per cent in February compared to the month before, with 1,480 sales registered in February compared to 762 sales in January, which was the slowest month for housing sales in 25 years. Over the past 10 years, February sales have typically surpassed January by an average increase of 53 per cent.

At the same time, new MLS® listings for residential properties continued to decrease for the fourth month in a row. New listings decreased 25.6 per cent in February compared to the previous year; 20 per cent in January; 8.6 per cent in December; and 10 per cent in November.

“There are terrific opportunities out there right now, but with property listings continuing to decrease, those opportunities may be available only for a brief window of time,” said Dave Watt, president of the REBGV.

REBGV reports that year-over-year property sales in Greater Vancouver declined 44.7 per cent in February 2009 from the 2,676 sales recorded in February 2008. Year-over-year, those are the lowest sales figures for February since the mid-1980s.

“REALTORS® are reporting more activity compared to recent months as people begin to see whether their position in the housing market has strengthened as a result of falling interest rates and improved affordability,” Watt says. “It took, on average, 67 days to sell a home in Greater Vancouver in February, seven days less than last month, but behind the seller’s market of last February when the average stood at 33 days.

Sales of detached properties in February 2009 declined 41 per cent to 587 from the 995 units sold during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties declined 14.2 per cent from February 2008 to $653,452.

Sales of apartment properties declined 45.6 per cent last month to 650, compared to the 1,197 sales in February 2008. The benchmark price of an apartment property declined 13.9 per cent from February 2008 to $333,143.

Attached property sales in February 2009 decreased 49.8 per cent to 243, compared with the 484 sales during the same month in 2008. The benchmark price of an attached unit declined 9.7 per cent between Februarys 2008 and 2009 to $426,268.

New listings for detached, attached and apartment properties declined 25.6 per cent to 3,916 in February 2009 compared to February 2008, when 5,260 new units were listed.

REBGV News Release March 3, 2009

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Associate Broker | Real Estate Sales

Open House. OPEN HOUSE:

Open House. OPEN HOUSE: Sun. March 8th 2-4 pm

Open House. OPEN HOUSE: Sat. March 7th 2-4 pm

Mortgage Rate Update - March 3, 2009

Property Listings Decrease as February Sales Improve

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