Sales

CHECK OUT THE LATEST STATS FOR THE FRASER VALLEY FOR OCTOBER

‘Fraser Valley real estate market weakens as sales and prices continue to edge downward’

SURREY, BC — Property sales and new listings in the Fraser Valley fell again in October as consumers continued to put home buying and selling decisions on hold in the face of elevated interest rates.

The Fraser Valley Real Estate Board recorded 970 transactions on its Multiple Listing Service® (MLS®) in October, a drop of 12 per cent from the previous month and the fourth consecutive decrease since the 12-month high of 1,935 sales recorded in June.

At 2,535, new listings also fell again, decreasing by 11 per cent from September and by 28 per cent since peaking in May at 3,533.

“What we’re seeing in the Fraser Valley and indeed across the province is the impact of sustained high interest rates on the overall market,” said Narinder Bains, Chair of the Fraser Valley Real Estate Board. “This has been the case since the latter half of the year so far, and we anticipate the trend will continue until we start to see some downward movement in the policy rate.”

Active listings in October were 6,580, up by less than 1 per cent over last month and up by 17 per cent over October 2022. The sales-to-active listings ratio was 15 per cent, creating balanced conditions in the overall market, with detached houses dipping into buyers’ market territory at 12 per cent. The market is considered balanced when the ratio is between 12 per cent and 20 per cent. “As the market continues to adjust to the new rate realities, pricing and financing strategies become critical,” said FVREB CEO, Baldev Gill. “A knowledgeable professional REALTOR®, armed with the latest comparative market data and neighbourhood insights, can be the key to determining optimal market timing.”

Overall benchmark prices continued to slide for the third month in a row, losing 1.4 per cent compared to September.

For more info on the market reach to Garry Voigt 604 789 2140 email info@garryvoigt.com

WHAT IS THE LEAST EXPENSIVE WAY TO INCREASE YOUR RETURN ON INVESTMENT WHEN SELLING A HOME

DECLUTTER/DEPERSONALIZE – We often get asked ‘what the best thing is we can do for the biggest return on investment when we sell out property’. Our number 1 answer is always declutter and depersonalize your home. We can never stress enough how important this step is when selling a home.

This can be as simple as grabbing some packing boxes and storing items in your garage. If you are in a condo, fill up your storage locker. If you don’t have the space, it may be worthwhile renting a storage locked for a short period of time. We always say, ‘less is more’, when there is a lot of clutter it can be hard for buyers to see past this and imagine themselves living in your home.

CLEAN -The 2nd recommendation we always make is to clean your home. In our experience, some buyers find it hard to see past a home that is not clean. This is especially important if you have pets in your home. It doesn’t have to be a huge expense but depending on your situation we would recommend hiring a professional cleaning company.

If you are thinking of selling, reach out to us and we will be happy to help you with tips on how to get the best return on your investment!

JUST LISTED 19 19628 55A AVENUE – LANGLEY

📍19 19628 55A Avenue

🛌 3 bed

🛀2.5 Bath

🌳 548 sq ft Rooftop patio with views

🚗 2 parking

📐 1474 sq ft

💸 Offered at $879,900

Welcome to LIFT! This 3 bed, 3 Bath home, built in 2020 has a modern feel & features with a light, bright open floor plan, nest smart home & central A/C included! Main floor has a powder room & great size dining room, opening to a west facing balcony with unobstructed views. Showstopper kitchen Centred on main floor, white shaker cabinets, SS appliances incl gas stove, elegant quartz counters, large island with waterfall edge & built in microwave. Living room has tons of space for furniture & is perfect for the whole family. 3 great size bedrooms up, family bathroom & primary suite with his & hers closets & Ensuite. The outside space continues on the ultra sunny roof top deck with great views & tons of space for entertaining. 2 parking in the garage & ample storage.

For more information, measurements and walk through video visit https://garryvoigt.com/…/19-19628-55a-avenue-langley…/

JUST LISTED – 9460 STAVE LAKE STREET – MISSION – RENOVATED RANCHER WITH HUGE SHOP

🏡 JUST LISTED IN MISSION! Beautifully renovated rancher on 1.7 acres with a huge 2378 sq ft shop!!🏡

📍 9460 Stave Lake Street – Mission

🛌 3 bed

🛀 2 Bath

🌳1.7 tranquil acres

🚗 Tons of parking

📐 1868 sq ft house

🚜 2378 sq ft shop

🌟 Offered at $1,980,800

HOUSE WITH DREAM 40X60 SHOP AND RENOVATED RANCHER! This gorgeous 3 bed, 2 bath updated rancher home sits on 1.7 fully fenced tranquil acres with plenty of space for all the toys! This home features a massive living & family room both w/gas fireplaces & a big covered patio off the family room for entertaining. The kitchen boasts plenty of quartz counter space, shaker style soft close cabinets & S/S appliances. Large primary bedroom with two closets & En suite with soaker tub, 2 more good sized bedrooms & family bathroom. Great lot with plenty of space for all your needs! HUGE 2378 SQ FT SHOP with two 12’ & two 14’ doors, LED lighting & huge gas heater is what makes this property! Bring your cars, toys & create your dream workshop! Properties with shops like this don’t come to market often!

JUST LISTED – 2 BED – 2 BATH CONDO – SOUTH SURREY

🏡 JUST LISTED – OCEAN BAY VILLAS South Surrey – 2 bed – 2 full bath over 900 sq ft with huge entertaining deck🏡

📍 405 15350 16A Avenue

🛌 2 bed

🛀 2 Bath

🚗2 parking plus RV parking

📐 918 sq ft

🌞 Large entertainment deck

Welcome to Ocean Bay Villa. This 2 Bed, 2 bath, top floor condo feels like a ‘penthouse’ with high ceilings in the living room allowing for tons of natural light. The balcony, facing the courtyard is huge with tons of space for entertaining & includes extra storage. The kitchen with stainless appliances & plenty of quartz countertops opens nicely to the dining/living room with cozy gas fireplace. The great flow continues to the 2 bedrooms, 2nd full bath & master suite with access to the balcony plus a large ensuite with soaker tub & large linen closet. The building has great amenities, Gym, Rec center, Guest Suite & Caretaker plus 2 parking spaces & storage locker. The location of this home cannot be beat, just minutes away to shops and restaurants. Open House June 3rd & 4th, 2 – 4PM.

For price, floorplan, strata fees and walk through video visit: https://garryvoigt.com/…/405-15350-16a-avenue-surrey…/

JUST LISTED – LARGE – 2 BED – 1 BATH CONDO – WHITE ROCK

🏡 JUST LISTED – WHITE ROCK – Large, 2 bed – 1 bath condo, close to all amenities and a short drive to the beach! 🏡

📍 306 1554 George Street

🛌 2 bed

🛀 1 Bath

🚗1 parking

📐 1039 sq ft

🌳 Southwest facing deck

Welcome to THE GEORGIAN. This 2 bed 1 bath TOP FLOOR condo is over 1000sq ft, in a great location and sits on the southwest corner of the building allowing for tons of natural light. The functional floor plan has 2 large bedrooms separate from the living area and the master has a cheater ensuite. Features include gas fireplace, oak engineered wooden floors in the living area, nicely updated bathroom, vanity with quartz counters and soaker tub and includes in floor electrical radiant heat ceramic tile floor. The kitchen features a large pantry for bonus added storage. Plenty of space for a large couch in the open plan living room and good size dining area. Enjoy an evening on the southwest facing balcony. Close to schools, transportation, shopping, beach, golfing and all amenities!

For walkthrough video, strata fees, measurements and price visit our website: https://garryvoigt.com/…/306-1554-george-street-white…/