Amy Ma

Cell 604-723-8568 | EMAIL amymarealtor@gmail.com |

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This amazing home is 3560 sqft, situated on one of the most desired family friendly streets in Maple Ridge. Bright open plan with QUALITY FINISHING everywhere you look! Generous 18’ ceilings in living room, large gourmet S/S KITCHEN with granite counters, island and maple cabinets. The separate wok kitchen with GAS stove is a plus! Enjoy central air conditioning and hardwood floor throughout. Upstairs features 3 bedrooms, a beautiful master ensuite and a nook. Fully permitted finished basement contains 2 bedrooms w/ separate entrance. All wires, plumbing are up to code. New gas hot water tank. Large PRIVATE backyard and beautiful landscaping in the front. Only minutes away from downtown, walking trails, parks & bus stop, near school & private school. Call NOW to view!
 
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Increased demand helps housing market reach balanced territory

From REBGV:

VANCOUVER, BC – October 2, 2019 – Home buyer demand has returned to more historically

typical levels in Metro Vancouver* over the last three months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and a 4.6 per cent increase from the 2,231 homes sold in August 2019.

Last month’s sales were 1.7 per cent below the 10-year September sales average.

“We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,” Ashley Smith, REBGV president said. “Home buyers are more willing to make offers today, particularly in the townhome and apartment markets.”

There were 4,866 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2019. This represents a 7.8 per cent decrease compared to the 5,279 homes listed in September 2018 and a 29.9 per cent increase compared to August 2019 when 3,747 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,439, a 2.7 per cent increase compared to September 2018 (13,084) and a 0.3 per cent increase compared to August 2019 (13,396).

For all property types, the sales-to-active listings ratio for September 2019 is 17.4 per cent. By property type, the ratio is 12.7 per cent for detached homes, 18.9 per cent for townhomes, and 21.9 per cent for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“This is a more comfortable market for people on both sides of a real estate transaction,” said Smith. “Home sale and listing activity were both at typical levels for our region in September.”

The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $990,600. This represents a 7.3 per cent decrease over September 2018 and a 0.3 per cent decrease compared to August 2019.


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