Keeping you updated about what's happening in Real Estate and in the Fraser Valley!

I have listed a new property at 332 33173 OLD YALE RD in Abbotsford.
South facing unit is Sommerset Ridge! The spacious kitchen comes complete with backsplash, stainless steel appliances & white bright cabinets. The open concept kitchen, eating area & living room have new laminate throughout & big windows tolet in lots of natural light. Step out onto a nice sized patio that overlooks greenery & blooms in the spring. 2 bedrooms & 2 baths & the master bedroom has a 4 piece en suite. Comes with in-suite laundry, 1 underground parking spot with the option to rent more, management, hot water & gardening to name a few! All ages are welcome & you can even bring your cats or dogs. Close to all the action; walk to various dining options, shops & transit. Call today to book your personal tour.
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I have listed a new property at 2466 LILAC CREST in Abbotsford.
9,600 sqft lot! look no further! Great value here for building, fix up or investors renting. Vaulted ceilings though out upstairs & large deck. Rare opportunity to grow your real estate portfolio as current tenants can stay & pay $1550/mo.Looking to BUILD YOUR DREAM HOME? this is a perfect place to do so on this Massive lot that is all flat!! If you like to be in the center of it all but still enjoy the quiet of a great neighborhood, this is your place. Take a walk to various stores or dining options because everything you need is close by. West & Seven Oaks Mall, Centennial Park Elementary School & the renowned Mill Lake Park is just a few blocks away. Call for more details and to book your personal showing.
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I have listed a new property at 45587 MCINTOSH DR in Chilliwack.
INVESTOR ALERT! Excellent opportunity for you to build your real estate portfolio! Great for first time home buyers or rent it out & have someone else pay the mortgage for you as it could rent for $1600/mth. Lots of renos here include an updated kitchen, new windows, doors, bathrooms, & flooring throughout. Keep cozy & warm in front of the wood burning fireplace in the living room. 2 bdrms up, one down with a big rec room, storage and laundry room. There's already a concrete slab and wiring in place if you want to have a hot tub. Close to neighbourhood schools and the freeway for quick access and commuting to all urban amenities.
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Please visit our Open House at 212 33738 KING RD in Abbotsford.
Open House on Saturday, February 21, 2015 1:00 pm - 3:00 pm
You have to see this super bright, corner unit!! Sparkling clean with new flooring and a fresh coat of neutral paint throughout, the only thing left to do is move in. Situated in centrally located College Park Place, you'll love the amenities that are all within walking distance! Lots of dining options, a movie theatre, walking trails, UFV, bus routes, shops and just a hop skip and a jump to freeway access for quick commuting. No rentals or age limits. Strata fee comes with hot water, gardening, management, and access to the amenities room just to name a few! Great place for a student as UFV is close by, or for any of those who want to jump into the market & build your real estate portfolio.
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Please visit our Open House at 3411 BLUEBERRY CRT in Abbotsford.
Open House on Sunday, February 22, 2015 1:00 pm - 3:00 pm
Gorgeous, custom built 2 storey with legal suite! Over 4300 sq ft of pristine, comfortable living in popular "Highlands". Bright south facing! Beautifully finished, the main boasts a master bedroom w/5 pc en suite (complete with heated floor, rain shower, bidet) Main floor also has a large sunroom that leads to it's own, private patio with retractable roof. Bright kitchen with a pantry, large island and stainless appliances. Walk into the easy flowing floor plan that's spacious & bright, family room leads to formal dining room. (formal living rm could be a office) There's also a large games/media room and heated garage! The 2 bdrm suite has it's own separate laundry & private entrance. Call today to book your personal showing!
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I have listed a new property at 35549 JADE DR in Abbotsford.
Luxury & comfort combine in one of Abby's premier addresses on Eagle Mountain. This stunning basement entry exudes true class! from the heated entry tile to beautifully finished bathrooms & kitchen with granite, quartz & silestone counters to the floor to ceiling rock wall fireplace in the open great room. Decadent finishing at every turn. The sprawling master suite has walk-in closet & an ensuite complete with deep soaker tub & heated flooring. 2 more bdrms up with a massive bonus room allows for plenty of space for the entire family. Relax year round in front of the cozy outdoor fireplace & listen to the tranquil sounds of the double water falls in the private backyard. Features a huge games room, media, bar & den down.
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I have listed a new property at 2510 HYATT PL in Abbotsford.
West Coast contemporary with loads of character! Situated in a peaceful neighborhood on a no thru street & walking distance to schools & rec centre. Quick freeway access nearby to all Abbotsford has to offer. Enjoy the park w/ a huge field& tennis court just at the end of the road! The rock wall fireplace spans floor to ceiling & is a unique focal point. The high ceilings on the main extend to the top floor & let in tons of natural light. Upstairs offers 3 bdrms/2 baths & the fully finished basement has a large laundry room, huge rec room, sauna & separate access from outside. The 22'x18' garage is extra deep with room for storage but there's also a 10'x14' shed out back to keep your toys. Surrounding mature trees add privacy.
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I have sold a property at 34910 MCCABE PL in Abbotsford.
Pristine & Serene! This superbly maintained 2540 sq ft home is situated at the end of a cul de sac in an awesome neighborhood. All 3 levels of sought after schools, the rec centre & shops are within walking distance. Exceptionally maintained throughout & boasts new doors, flooring, paint, cupboards, backsplash, stainless appliances. Walk out from the spacious sunken family room through the patio doors to a massive new deck overlooking the large, fenced yard. 3 bedrooms up including a master with a 3pc ensuite & walk in closet plus a rec/games room & 4th bedroom downstairs. Central air & solid 2x6 construction, this home shows a 10/10. Nothing left to do here but move in!
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This is fantastic news for all of you who have had real estate on your mind but aren't sure when to pull the trigger. These are all signs of a healthy market and set aside the fact we have had a fabulous last 4 years here at the Bowman Group, and our numbers keep getting stronger and our database is growing along with them, now could be the best time to give us a call and chat about numbers and market value!

 

For a PDF version of this news release, including data table, follow this link:
www.bcrea.bc.ca/docs/news-2015/2015-02-11forecast.pdf.

For immediate release

BC Home Sales Forecast to Rise Through 2016
BCREA 2015 First Quarter Housing Forecast Update

Vancouver, BC – February 11, 2015. The British Columbia Real Estate Association (BCREA) released its 2015 First Quarter Housing Forecast Update today.
"Stronger economic conditions both at home and abroad combined with favourable interest rates and population growth are expected to bolster housing demand over the next two years,” said Cameron Muir, BCREA Chief Economist. “After a year in which housing demand ratcheted higher across the province, the retrenchment of oil prices is expected to attenuate housing demand in some regions while bolstering it in others."
Multiple Listing Service® (MLS®) residential sales in British Columbia are forecast to rise 2.4 per cent to 86,050 units this year and a further 3.9 per cent to 89,400 units in 2016. The ten-year average is 82,100 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.  
The average MLS® residential sales price is forecast to rise 4.5 per cent to $594,000 this year, with most of the upward pressure being exhibited on the South Coast. Elevated consumer demand is expected to be partially offset by resale inventories and additions to the housing stock in 2016. As a result, the average MLS® residential sales price is forecast to increase by 2.4 per cent to $608,500 next year.

- 30 -

To view the full BCREA Housing Forecast Update, click here

 

 

Know what your home is worth!

 

FOR YOUR COMPLIMENTARY home evaluation 

Contact Krista Dhaliwal, Team Associate at the Bowman Group

Landmark Realty Corp, 

2790 Allwood St, Abbotsford

604-855-0800

travisbowmangroup@shaw.ca

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I have sold a property at 224 2821 TIMS ST in Abbotsford.
Beautifully renovated 2 bed, 1 bath corner unit in Parkview Estates. Well Managed 19+ building. Open layout, modern suite has new laminate, interior & closet doors, kitchen cabinets & countertops, appliances, paint, light fixtures, blinds,window sills, moldings, bathroom counters, sink & faucet. New south facing covered deck is private with park views. Large storage unit with electrical outlet, insuite laundry & 1 u/g parking spot. Bring two cats if you like, they're allowed here. Walk to recreation, shopping, transit, dining. Quick possession, pick your dates, move in ready. Vendor financing is also available to make favorable financing terms. Call today to book your personal viewing!
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I have listed a new property at 301 33898 PINE ST in Abbotsford.
Corner unit with views of the North Shore Mountains. Quality & Class here! Spacious and super bright, this corner unit has an open concept livingroom/kitchen & features gorgeous dark walnut cabinets, granite countertops &stainless steel appliances. The big master bedroom has a walk in closet & 4 piece en-suite. Also features a 2nd bedroom/2nd bath, in-suite laundry & 9' ceilings throughout. Only one owner since it was built in 2010 & very well taken care of. Comes w/ 2 underground parking stalls & allows pets! Centrally located & just a short walk to all types of shops, dining and recreation options. Still under warranty, strata fee incl. hot water! Next to park for kids or dog. Very quiet location here.
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I have listed a new property at 2487 LILAC CREST in Abbotsford.
TOTALLY updated throughout with a brand new 1 bdrm legal suite! The open concept suite has had an extreme makeover and now boasts new laminate flooring, paint, lighting, fixtures, kitchen & bar area. Upstairs also has newer thermal windows, doors, flooring, kitchen & bath cabinets, tile backsplash, lighting and crown moulding/baseboards. The property has been professionally landscaped & is easy to maintain. The new suite is a great way to subsidize your mortgage & could get $700/month. There's room to park your RV/ boat beside the house and a private, fully fenced backyard for the kids and pets to safely roam around. Centrally located & within walking distance to Safeway & lots of other shops & restaurants. Call today to view!
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I have sold a property at 34577 SANDON DR in Abbotsford.
2 BEDROOM LEGAL suite! Awesome family home located in the McMillan area near Abbotsford Rec Centre. This basement entry home spans 2200 sq ft. Offers 3 bdrms on the main plus 2 more in the 945 sq ft legal basement suite which could rent for $850/mo or more. Suite also has its own laundry & entrance. Great place to raise a family in a friendly neighborhood close to all levels of schools. Walking distance to Yale Secondary, with lots of parks and recreation options close by! Quick freeway access makes commuting and shopping a breeze. The Extra wide driveway is perfect to park your RV, trailer or boat. Give a call and book your personal viewing today!
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Please visit our Open House at 3411 BLUEBERRY CRT in Abbotsford.
Open House on Sunday, February 8, 2015 1:00 pm - 3:00 pm
Gorgeous, custom built 2 storey with legal suite! Over 4300 sq ft of pristine, comfortable living in popular "Highlands". Bright south facing! Beautifully finished, the main boasts a master bedroom w/5 pc en suite (complete with heated floor, rain shower, bidet) Main floor also has a large sunroom that leads to it's own, private patio with retractable roof. Bright kitchen with a pantry, large island and stainless appliances. Walk into the easy flowing floor plan that's spacious & bright, family room leads to formal dining room. (formal living rm could be a office) There's also a large games/media room and heated garage! The 2 bdrm suite has it's own separate laundry & private entrance. Call today to book your personal showing!
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I have sold a property at 2453 EAGLE MOUNTAIN DR in Abbotsford.
Discover a new level of luxury on prestigious Eagle Mountain. Over 6500 sqft on 3 sprawling levels. Situated on a 0.26 acre lot with breath taking southern valley & mountain views. The open concept, gourmet kitchen is an entertainers dreamw/the dining/great room boasting 20 ft ceilings & a wall of windows. Highest quality finishing throughout incl. granite & silestone counters, slate/hardwood flooring, white marble baths. 5 rooms & 5 baths; the master on the main has a luxurious ensuite w/makeup vanity. 2nd master up boasts its own spa like ensuite & patio. Bsmnt features a massive games room, wet bar, gym, recroom & theatre prewired for 7zone sound & so much more! Triple car garage w/outside parking for 8 more cars/RV/Boat.
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I have listed a new property at 34910 MCCABE PL in Abbotsford.
Pristine & Serene! This superbly maintained 2540 sq ft home is situated at the end of a cul de sac in an awesome neighborhood. All 3 levels of sought after schools, the rec centre & shops are within walking distance. Exceptionally maintained throughout & boasts new doors, flooring, paint, cupboards, backsplash, stainless appliances. Walk out from the spacious sunken family room through the patio doors to a massive new deck overlooking the large, fenced yard. 3 bedrooms up including a master with a 3pc ensuite & walk in closet plus a rec/games room & 4th bedroom downstairs. Central air & solid 2x6 construction, this home shows a 10/10. Nothing left to do here but move in!
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New Year kicks off with average activity for Fraser Valley real estate market

February, 03 2015 10:19:39 am, by FVREB
Categories: Statistics
 

SURREY, BC – Fraser’s Valley’s real estate market improved in January compared to 2014 with sales and new listings reflecting levels close to seasonal norms.

 

The Fraser Valley Real Estate Board processed 853 sales on its Multiple Listing Service® (MLS®) in January, an increase of 10 per cent compared to January 2014 and 21 per cent fewer then were processed in December. Sales in January ranked in the middle of the pack for the last ten years coming in 2 per cent under the 10-year average.

Ray Werger, President of the Board said, “We’re typically a little slower post-holiday season and this year echoed that trend until about mid-month, when we noticed inquiries from interested buyers start to pick up at a number of our offices – including an increase in calls from first-timers.

 

“Can we attribute it to the interest rate drop? We can’t know what specifically motivated them to act, but we do know that stability generates confidence in the economy and confidence stimulates the housing market.”

 

The Board received 2,714 new listings in January, an increase of 1 per cent compared to January of last year and more than doubling the listings received in December 2014. From a historical perspective, January 2015’s new listings – similar to sales – finished 5 per cent above the 10-year average.

 

In December, sales increased by 21 per cent, going from 890 in 2013 to 1,075 last month. New listings increased by 13 per cent in December compared to 2013 going from 1,013 to 1,147.

 

Werger explained, “It’s normal for us to see inventory start to climb at the beginning of the year in preparation for a busier spring market. What’s different this year is with sales as strong as they are for detached homes; particularly in the mid-price point, the shortage that we started to see late last year in certain areas isn’t diminishing.”

 

Across Fraser Valley, the average number of days to sell a single family detached home in January 2015 ranged anywhere from 30 to 80 days depending on the community. “That’s a big difference. Ask your REALTOR® to show you the impact of supply and demand on prices and average days to sale in your neighbourhood,” added Werger.

The MLS® HPI benchmark* price of a Fraser Valley single family detached home in January was $571,700, an increase of 3.5 per cent compared to January 2014 when it was $552,500.

 

In January, the benchmark price of townhouses was $293,800, a decrease of 1.3 per cent compared to $297,600 in January 2014. The benchmark price of apartments also decreased year-over-year by 1.5 per cent, going from $192,300 in January 2014 to $189,500 in January 2015. 

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Keeping you updated about what's happening in Real Estate and in the Fraser Valley!