Check out the Latest North Delta Market update

My Realty TV.ca 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 TV.ca

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.

Newsletter Marketer of the Year 2nd Runner Up!

Sheri Brown was honoured to win the 2nd prize for Newsletter Marketer of the Year for the Ready to Go Newsletters contest that was held all across North America.
The full colour glossy newsletters focus on bringing in the local community, local real estate trends, the great articles from Ready to Go Newsletters and amazing photos to add to the fantastic read. She send out the newsletter to the local residents in her market area as well as her many clients in her large database. It shows what you can do with our content if you get really creative. The response from her clients has been full of great feedback and has been a welcome addition to her marketing plan.

"But it has High Strata Fees!"

Buying a townhouse or a condo can be a more affordable alternative to the higher prices of houses. The number one concern I have from clients lately is the cost of the "Strata Fee" or "Maintenance Fee".

I have had quite a few listings with a higher fee in the last few years and this has caused some concern from Buyers as well as hesitation from putting pen to paper making an offer. The fee depends largely on the age of the building, what is included (ie: gas and heat), if it has a fitness centre or pool and the size of the unit. The bigger the unit the larger the fee as it is based on square footage.

If the heat and gas is included a Buyer should take this into consideration as you would not have that monthly bill. If the property has a fitness centre you can give notice at the gym and take advantage of the facilities at your doorstep!

Most importantly if the building is older and it has a rather low fee you may want to closely look at the contingency and what repairs have been done to upkeep the building. You may be paying lower monthly costs, but if there is no plan to save for the raining day repairs or major overhaul of something such as a roof, the owners may be hit with a whopping Special Assessment!

In a newer building the fees will generally start out lower, just be aware this may not be the case forever. Take into consideration if you did own your own home, as time goes on and as the house gets older you would have to put in more money over the years to replace and upgrade things such as windows, furnace, roof, painting and much much more. A Strata Fee is a way to save this money aside for those repairs in advance and also to keep the regular upkeep of the grounds to lessen the maintenance costs and keep the property looking great. There are advantages to paying a Strata Fee and living the condo/townhome lifestyle!

A new Animated Commercial!

My Realty TV.ca June update here!

Stay tuned, the June MyRealtyTV.ca update is being posted shortly for the North Delta Market!

Renova: Something very cool from the Appraisal Institute of Canada

The number one question I get asked when I have a client wanting to renovate their home before listing...."What will this add to the value of my home?" A fantastic new program is available from the Appraisal Institute of Canada. Renova is here! If you are thinking of renovating and just don't know how much of a return would come into play, check out this site. It gives you a better idea of where to spend your $$$$! It's easy and quick and brought to the people that know homes.