Phil & Sonia LeGree

At your service

604-518-1644

 

Monday Nov. 28, 2011 shows the North Shore with 12 new listings, 9 sold and 3 price reductions today.

In addition WAY TO GO BC LIONS!

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I have listed a new property at 401 2138 Old Dollarton RD in North Vancouver.
Here it is, finally, the first new condominium complex at the foot of the Second Narrows in years. These Freehold Strata units offer all the advantages of North Shore living. The location: close and easy access to Hwy #1, transit at thedoor, schools, shopping and rec. all within walking distance or a short drive. The Exterior: contemporary design, roof top gardens, with a "green theme" in mind. Interior: there are 16 fantastic units to choose from, all with it's own unique moods. All units come with high end cabinets, granite countertops , S/S appls, hardwood, and tile flooring, F/P, in-suite laundry, in suite storage, high end fixtures, and finishings. Choose your unit, and call the listing agent today.
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Solid end to this week on the North Shore with Thurs & Fri Nov. 24 & 25 showing 23 new listings, 28 sales & 13 price reductions. I'm happy to spend an hour with you this year to discuss your selling/moving plans for next year.

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Tuesday & Wed. Nov. 22 & 23 showed 38 new listings, 39 sales & 17 price reductions on the North Shore. Need a top performing real estate agent to sell your home? I'd be happy to meet with you to discuss your current or future plans.

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The north shore started the week with 14 new listings, 18 sales & 9 price reductions for this rainy cold Monday November 21, 2011. Let home for more sales than rain this week.

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This has been an active week for the North Shore. Friday Nov. 18 showed another 15 listings, 28 sales & 16 price redcutions. It's clear we're not scared of a few flurries.

Both Grouse Mountain & Cypress Mountain are open now, so have a great weekend everyone!

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North & West Vancouver Real Estate Update for Nov. 17, 2011 - 16 new listings, 34 sales & 14 price reductions. People buy & sell EVERY month of the year, so never feel you have missed the market or it is to early or late to get listed. Call me any time to discuss what the best options are for you no matter how far out your moving plans are.

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Housing forecast points to market stability in 2012

 

graphBCREA 2011 Fourth Quarter Housing Forecast

 

The British Columbia Real Estate Association (BCREA) released its 2011 Fourth Quarter Housing Forecast earlier this month.

BC Multiple Listing Service® (MLS®) residential sales are forecast to rise 3.2 per cent from 74,640 units in 2010 to 77,000 units this year, increasing a further 3.9 per cent to 80,000 units in 2012.

“Low mortgage interest rates are expected to persist through 2012 keeping affordability on an even keel,” said Cameron Muir, BCREA Chief Economist. “However, headwinds on the economic front will constrain consumer demand over the next year to below the ten-year average of 87,600 units.” A record 106,300 MLS® residential sales were recorded in 2005.

“Moderate consumer demand combined with larger inventories of homes for sale means BC housing markets will experience little upward pressure on home prices through 2012,” added Muir. The average MLS® residential price in the province is estimated to rise 11.8 per cent to $564,600 this year, and is forecast to decline 2.5 per cent to $550,500 in 2012.

Click here to download the full BCREA Housing Forecast.

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Another beautiful fall day on the west coast. Tuesday November 11, 2011 shows 36 new listings, 36 sales, 22 price reductions and one price increase today.

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I have sold a property at 11660 SEAHAVEN PL in Richmond.
Popular Ironwood neighbourhood, close to shopping,recreation, and transportation routes. Recent renovations, with fine detailing - including crown moulding & designer paint. Situated on a quiet cul de sac, with a large private yard, this home is ideal for a family. Invester Alert!!! The lower level can easily be converted into a 2 bedroom suite - present tenants are willing to remain with new owners. First showings on Saturday October 22nd (2pm - 4pm)
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I have sold a property at 307 Bayview in Lions Bay.
An amazing log home with breath-taking ocean views on a private 3/4 acre property. This gorgeous log home backs onto a natural forest with your own private trails meandering throughout the property. In pristine condition, the logs have been completely refinished to their natural lustre and the shake roof is only 2 years young. Enjoy the warmth of the large stone fireplace as you look out over the ocean. The kitchen and bathrooms have been recently updated. Hardwood floors on the main floor, and heated tile floors in the master bedroom & ensuite bathroom. Step outside to the large ocean view decks and enjoy spectacular sunsets. An absolute gem for log home lovers. Only 25 minutes to Downtown Vancouver on the spectacular new Sea To Sky Highway, Lions Bay, where your weekend get-a-way is the home you live in.
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RE/MAX Launches True Global Real Estate Listing Site: www.global.remax.com Offers Customized Search of More Than 60 Countries

 

(Denver, CO) – RE/MAX, LLC, the recognized real estate leader, has launched a new website, www.global.remax.com, the first truly global resource for consumers, with hundreds of thousands of home listings in countries around the world. The site features customized search tools that allow buyers to search for properties in 30 languages, translate currencies and find the latest international real estate news. At launch, the site will contain listings from Brazil, France, Italy, India, Portugal, the United States, Canada, Italy and New Zealand – a total of more than 60 countries and territories around the world. READ FULL STORY!

Click HERE to watch the YouTube Video announcing the new global site!

 

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Monday Nov. 7, 2011 -  North & West Vancouver had 28 new listings, 25 sales, 5 price reductions and one increase.

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The link below will take you to a video update from The Real Estate Board of Greater Vancouver

 

www.youtu.be/v8uM6su7554

 

 

 

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2 more very active days for (Nov. 1 & 2) North Shore real estate with 75 new listings, 40 sales, 46 price reductions and 3 price increases. If you are suprised to hear about price increases, I'm always happy to discuss it with you.

 

Phil LeGree

604-518-1644

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Greater Vancouver at lower end of balanced housing market

 

With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.

“Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,374 in October, which is on par with the 10-year average. This represents an 18.3 per cent increase compared to October 2010, when 3,698 properties were listed for sale on the MLS®, and a 23 per cent decrease compared to the 5,680 new listings reported in September 2011.

The total number of properties listed for sale on the Greater Vancouver MLS® system currently sits at 15,377, which is 9.3 per cent higher than the 14,075 properties listed for sale during the same period last year. October was the first month that the total number of property listings showed a decrease this year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.5 per cent to $622,955 in October 2011 from $579,349 in October 2010. However, since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.3 per cent.

Sales of detached properties in October reached 974, which represents virtually no change from the 976 detached sales recorded in October 2010, and a 34.5 per cent decrease from the 1,487 units sold in October 2009. The benchmark price for detached properties increased 11 per cent from October 2010 to $884,778, but decreased 1.3 per cent compared to the previous month.

Sales of apartment properties reached 958 in October, a 2.6 per cent decrease compared to the 984 sales in October 2010, and a decrease of 40.4 per cent compared to the 1,607 sales in October 2009. The benchmark price of an apartment property increased 3.2 per cent from October 2010 to $402,702, but decreased 0.7 per cent compared to the previous month.

Attached property sales in October totalled 382, a 1.3 per cent increase compared to the 377 sales in October 2010, and a 37.4 per cent decrease from the 610 attached properties sold in October 2009. The benchmark price of an attached unit increased 6.5 per cent between October 2010 and 2011 to $519,455, and increased half a per cent compared to the previous month.

 

To find out about your specific area of the market and how I can help you, please call me 604-518-1644

 

Phil LeGree

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