34756 7th Ave, Abbotsford BC

Now you can finally live the quiet, safe, country lifestyle you have always wanted without paying a small fortune or being stuck far away from everything. This big, beautiful, heritage style family home offers a bright, open & flowing layout with generous living space for everyone in your family. Mom will love the fabulous country kitchen with adjoining family room and big sundeck. Dad will love the huge den/office and big 2 car garage/shop plus the lane access and RV parking. The kids will love their new big bedrooms and all the fun they will have in the huge games & recreation areas downstairs, which is also roughed in for a second kitchen. The whole family will love the big, private, fenced yard with beautiful patio and optional pool and hot tub. The home was built with top quality materials by a Master Builder and is well maintained and in move in condition. It sits on a larger lot on a quiet, no-thru traffic street in the lovely & historic community of Huntingdon Village. Although the neighborhood has a peaceful, country feel, it offers quick highway access and is located within a few minutes of the University, arena, top rated schools, border, shops and everything the city has to offer.

Market Status & Absorption Rate

The Fraser Valley Real Estate Board reports an increase in listing activity and steady sales for the first month of 2011.

Deanna Horn, president of the Board says, “In addition to an influx of new inventory in January, our REALTORS® had more inquiries and increased traffic at open houses boding well for a solid spring market in the Fraser Valley.”

There were 834 sales processed on the Board’s Multiple Listing Service® (MLS®) in January, a decrease of 15 per cent compared to the 981 sales processed in January 2010 and a 7 per cent decrease compared to the 895 sales in December.

Although the Board received 11 per cent fewer new listings in January than it did during the same month last year, it saw the typical post-holiday surge in new properties coming on stream. The Board received 2,632 new listings last month, an increase of 138 per cent compared to the 1,104 listings received in December taking the number of active listings to 7,724 at the end of January, 4 per cent more than were available during January 2010.

Horn adds, “The market typically picks up at this time of year as also evidenced by the decrease in the average number of days to sell for single family homes and townhomes in January.

“In terms of prices, overall they’re holding steady, however we are seeing variability depending on the community and property type.”

The benchmark price for Fraser Valley detached homes in January was $505,618, down 0.1 per cent compared to December and 0.9 per cent higher compared to $500,931 in January 2010.

The benchmark price of Fraser Valley townhouses in January was $317,414, a 1.4 per cent decrease compared to December and a 0.1 per cent decrease compared to January 2010 when it was $317,719. Year-over-year, the benchmark price of apartments decreased 2.6 per cent going from $243,470 in January 2010 to $237,171 last month and decreased 1.2 per cent compared to December 2010.

The average number of days to sell for detached homes in January was 62.2, down from 67.9 in December. Townhouses on average sold in 57.7 days last month, down almost nine days compared to December, however apartments took on average 14.6 days longer to sell, going from 65.6 in December to 80.2 days in January.

Full package:

http://www.fvreb.bc.ca/statistics/Package%20201101.pdf

(Surrey, BC) – Stable property sales and a steady erosion of inventory for the last seven months of 2010 have brought equilibrium to Fraser Valley’s real estate market.

Walk into the perfect Corner Suite at Cedar Grove Estates; featuring 2 Bedrooms, 1 Bathroom in 904 sqft. In a Central Location and in a very well maintained self managed 12 Unit Complex.  Rarely for sale.

This immaculate home features updates through out.  New flooring, new paint in modern and neautral colors, crown moulding and all of the appliances are almost new.  Master Bedroom is spacious with room for a sitting area.  The peek a boo kitchen opens up the floor plan perfectly.  Convenient In Suite Laundry and storage space.

Sit back and relax on your balcony and soak it all in.  You can walk to transit, restaurants, Mill Lake & shopping.  It is all here, right at your fingertips.

Cedar Grove Estates Updates:  New Asphalt Roof~ 2yrs ago.  New lighting, paint, patio decks, landscaping and hot water tank.

(Surrey, BC) – For the fifth consecutive month, sales processed on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) have remained stable with November’s figures showing a modest increase over October.

“Consumers are responding to how prices have moderated in the last six months, in addition to the double dip in mortgage rates, Buyers are optimistic because of the improved economic conditions, which is why we’re seeing consistency in homes sales in the Fraser Valley.”

WOW, what a scenic setting! Enjoy the mountain and river valley vistas and combine clean country living with an exciting environmental, entrepreneurial opportunity on this beautiful, 30 acre Glen Valley Agricultural Waterfront property. It is virtually one of a kind in the entire lower mainland with a unique, RU-5A multi-use zone. This is a great location for a specialty agri-business, greenhouse, vineyard, equestrian facility or hobby farm. There are several income producing residences and a number of useful sheds & outbuildings plus 2 outstanding building sites for your dream home. This estate is ideally located in a scenic rural area next to a marina on the Fraser River, 5 minutes east of fabulous Fort Langley and 45 minutes from Vancouver. It is also strategically located near a float plane airport, 3 golf courses, the Thunderbird Equestrian Show Park, and just down the road from the Glen Valley Regional Park recreation area and beach. Bring your business ideas, float plane, boat, RV and other toys, horses, livestock, pets & kids…they will all thrive here! May also be purchased with the adjoining 6+ acre waterfront lot with over 900′ of river frontage and a Class ‘B’ Marina.

Virtual Tour:  http://www.homehunters.com/login_tour.php?tour_id=806

Visit me at www.HomeHunters.com

Terry Mitterer

Call Direct:  604-807-0523

Call Toll Free:  1-888-466-4868

Lighthouse Realty

(Surrey, BC)–Fraser Valley’s real estate market moved towards balance in October as inventory continued to decrease and sales and prices remained stable.
A total of 1,014 sales were processed on the Fraser Valley Real Estate Board’s Multiple Listing Service® in October, a decrease of 3%  compared to 1,044 sales in September and a decrease of 40% compared to 1,704 sales in October of last year.

“With help from near record low mortgage rates and a steady decrease in the supply of homes, we’re getting back to what I call a ‘normal’, balanced market.  However, sellers should be aware that demand for homes is strong, yet selective. Buyers in the Fraser Valley recognize that selection, although dropping is still generous and they’re looking for properties priced competitively. Even with carrying costs remaining stable, the affordability threshold is a factor.”

The Board received 2,125 new listings last month, a 12% decrease from September and a 25% decrease compared to October 2009. The Board finished October with 9,561 active listings, 4% fewer than in September and an increase of 9% compared to the 8,807 properties available in October 2009.

“When supply and demand move into balance, prices can become a real ‘sticking point’underlining the importance of hiring a professional REALTOR® who knows your local market and can provide detailed comparisons to ensure your home is priced competitively.”
The benchmark price for Fraser Valley detached homes in October was $505,759, down 0.3% compared to September and 3% higher compared to $491,128 in October 2009.
The benchmark price of Fraser Valley townhouses in October was $319,058, a 0.9% decrease compared to September and a 2.2% increase compared to October 2009 when it was $312,339.
Year-over-year, the benchmark price of apartments increased 0.2% from $240,048 in October 2009 to $240,542 last month 0.4% higher compared to September 2010.

Now you can finally live the quiet, country lifestyle you have dreamed of without paying big bucks or being stuck far away from everything. Your family will fall in love with this big, brand new, heritage style 2 story on deep crawl space with 4 bedrms, 3 Bathrms home. It was built with top quality materials by a fussy European craftsman and is positively oozing with charm. It sits on a lovely lot on a quiet, low traffic street with a nice rural feel in the lovely & historic community of Huntingdon Village located just 2 minutes from everything in Abbotsford. There is a gourmet kitchen, luxury en suite & beautiful covered veranda front & back for mom, a great park at the end of the block for the kids and a detached 2 car garage/shop with lane access for dad. Book your showing today, but better hurry because this fabulous find won’t last long!

Virtual Tour: http://www.homehunters.com/login_tour.php?tour_id=729

Visit me at www.HomeHunters.com

Terry Mitterer

Call Direct: 604-807-0523

Call Toll Free: 1-888-466-4868

Lighthouse Realty

(Surrey, BC) – After a slowdown in July and August, the Fraser Valley Real Estate Board (FVREB) saw a modest month-over-month increase in sales on its Multiple Listing Service (MLS®) in September and a decrease in overall inventory for the fourth month in a row.

“This is the beginning of the fall market. Our sales, while lower than a typical September, are up compared to the summer and the average days to sale for single detached homes decreased slightly compared to August.”

A total of 1,044 sales were processed on FVREB’s MLS® in September, an increase of 5% compared to 997 sales in August, however a decrease of 34% compared to 1,590 sales in September of last year. The Board received 2,411 new listings last month, a 15% increase from August, yet a 9% decrease compared to September 2009. The Board finished September with 9,959 active listings, 3% fewer than in August and an increase of 13% compared to the 8,799 properties available in September 2009.

“Although consumers have 13% fewer properties to look at in Fraser Valley than they did in May, it remains a buyers’ market with a healthy selection, near-record low interest rates and stable prices. “It’s important that both buyers and sellers recognize that as long as inventory levels continue to decline, there is less downward pressure on pricing.”

The benchmark price for Fraser Valley detached homes in September was $507,429, down 0.5% compared to August and 3.3% higher compared to $491,404 in September 2009.  The benchmark price of Fraser Valley townhouses in September was $321,843, a 0.8% decrease compared to August and a 3.1% increase compared to September 2009 when it was $312,143. Year-over-year, the benchmark price of apartments decreased 0.3% going from $240,378 in September 2009 to $239,625 last month. It remained unchanged from the benchmark price in August.

Finally, an east side town home that is family & pet friendly, luxurious and surprisingly affordable! It has also been lovingly remodeled from top to bottom with nothing left for you to do. You can move right in to this fabulous END UNIT next week! This special home is located on a quiet cul de sac in a very desirable neighborhood with lovely, tree lined streets just steps away from shops, transit, beautiful parks & nature trails and the top elementary & high schools in Abbotsford. You will absolutely love the unique 1500 sq ft floor plan & huge, totally fenced, private backyard which also boasts a great sundeck & gorgeous landscaping. Other deluxe benefits include a private club house & tennis court, gourmet maple kitchen, new stainless steel appliances, pantry, real hardwood floors, stunning master bath with luxury soaker tub, huge dressing room/walk-in closet, hot yoga solarium plus a media room. Book your showing today because opportunities like this seldom last long!

View the Virtual Tour: 
http://www.youtube.com/watch?v=NFt2XlSjkoU

Visit me at www.HomeHunters.com

Terry Mitterer

Call Direct:  604-807-0523

Call Toll Free:  1-888-466-4868

Lighthouse Realty