Friday, September 16, 2011

Check out the Latest North Delta Market update

My Realty update

North Delta had a busy August with 50 sales of detached homes in the month. Sales Price ranged from $345000 to
862,800 dollars. For sellers, good quality and ready to be shown properties with a sharp list price are finding a red sold sticker on the sign very quickly.
There are currently 182 homes in all areas of North Delta for Buyers to choose from. Prices for homes currently listed start at $390 thousand for a cute starter rancher in Annieville up to 1.5 million for a luxury home in Sunshine Hills with an Exclusive Summit Crescent address. Typically we have not seen too many homes in the plus million mark in North Delta in the last few years, but as of late more luxury properties have been popping up. There are currently 18 homes over $800 thousand with five of those being over the million dollar mark. This can be attributed mainly to older homes in the Sunshine Hills area having been substantially renovated and newer larger homes such as the Sunstone Development in Delsom. The Vancouver population is also discovering how central and easy the commute can be to places such as Richmond, Vancouver or going the opposite way out to the valley. North Delta is a great central location!
For Buyers who are looking for easy townhouse or condo living there are 45 units available on the market as we speak. If you want more information about the fabulous North Delta area and Real Estate I would love to help you. This is Sheri Brown for My Realty

Wednesday, September 14, 2011

Whats Happening in Fraser Valley??

In August we had an increase of 35 percent more sales compared to last year in the same month. Usually we have seen a slower time in the summer months with sales and listings. But with the late start to our spring and a lack of summer sun we have had an unusual increase in sales. There were still many competing offers in some pockets throughout the lower mainland for single detached homes. The benchmark price for a home in the Fraser Valley in August was $528,959 an increase of 3.7%. There was also a slight increase from last year for the condos market with a 2.5% increase. With interest rates remaining low it's still a great time to think about moving to North Delta, Surrey or Cloverdale and anywhere in the Fraser Valley.
If you are thinking of selling or buying Sheri Brown & Associates can help you.