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

I have listed a new property at 36227 BUCKINGHAM DR in Abbotsford.
Perfect place to get your family settled! Highly sought after location w/all levels of schools nearby. The main floor features new engineered, hand scraped hardwood, a floor to ceiling rock fireplace & loads of natural light. Upstairs has an open concept kitchen, eating nook & living room. The spacious master suite has a walk in closet & 5 pc ensuite complete with soaker tub! There are 2 more bedrooms upstairs & the possibility for a 4th below. Sit on the deck and overlook the greenery as the kids & pets play in the flat, fenced backyard. The swing set, trampoline & shed can stay. Backs onto private greenbelt with walking trails, this home is immaculately maintained & has it all....shows a ten!
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You've outgrown your home and its time to move on.... you're going to sell your home and embark on a new adventure.


Unfortunately, potential buyers don’t care about how long you obsessed over choosing the perfect bathroom tiles or the number of carpenters you interviewed to make the perfect built-in bookcase. To the buyer, those items may not matter to the value of the home, even if you think they should.


When it’s time to sell, you have to price your home right, using tangible factors. Here are six rules to remember:


1. Price is king

Your asking price determines how long the home will sit on the market. Pricing the home too high may reduce the number of interested buyers, which can cause your home to sit on the market too long. If your house is on the market too long, it may create the perception that there’s something wrong with it. It can also lead a buyer to think that you’re desperate for an offer. You want to avoid these outcomes and not overvalue your home.

On the flip side, pricing the home too low may create some skepticism and raise unwanted questions about the home’s true value. This will hit you in the bank account if multiple offers don’t drive the price up to its true market value.


2. Use comparable sales 

The simplest way to figure out the right price for your home is to compare similar homes that have sold in your neighborhood. Instead of skulking in the shadows and casing the neighbor’s house, call Travis for an update on nearby stats.


 

3. Compare fairly

Make sure your comparison is fair. If there are neighborhoods in your city that are more desirable, consider that in your comparison. Also consider your location and what buyers want


4. Check the market history

To get a more comprehensive picture of the real estate market in your neighborhood, check the listing history of a home. Compare the original asking price with the final sale price, and note the amount of time the house was on the market until it sold. I can help you with this step.

 

5. Consider special improvements

Consider whether major improvements you’ve made warrant a higher asking price. If you’ve remodeled the kitchen and put down a new parquet floor, or if you really feel the special woodwork details will clinch the sale, make sure those enhancements are reflected in the price of the home. Be reasonable. Don’t be surprised if you don’t get as much money as you expected—improvements don’t always recoup their cost.


6. Don’t ignore supply and demand

In a buyer’s market, with many homes for sale and sellers competing for attention, you may want to ask a bit less for your home to make it more attractive to potential buyers. In a seller’s market, where there is little home supply and much buyer demand, you may want to ask a bit more and maximize your profit.



Updated from an earlier version by Craig Donofrio

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Please visit our Open House at 35595 LACEY GREENE WAY in Abbotsford.
Open House on Sunday, April 26, 2015 2:00 pm - 4:00 pm
Executive contemporary designed home on Eagle Mountain. With a warm feel & nice flow, this stunning kitchen has amazing cabinetry w/ 36" 6 burner gas stove, S/S appliances, slate backsplash & lots of granite counter space. Having an open concept kitchen, eating area & great room make this home perfect for entertaining/family gatherings. Sprawling master suite w/ his/hers closets, jetted tub/double sinks & heated floors in the ensuite & private balcony. This level is shared with 2 other bdrms & possible second laundry. The walk out, daylight basement has a huge 30'x16' open recroom with a wet bar and full service laundry room. With 4 bathrooms, 3 bdrms up & 2 more below this makes for a perfect family home for children of all ages!
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I have sold a property at 2687 EAGLE PEAK DR in Abbotsford.
Executive home in Abbotsford's premier neighborhood on Eagle Mountain. Over 5300 sqft of luxurious living that spans 3 floors w/ 4 bdrms up, 3 more bdrms down, 6 baths, nannys quarters AND in-law accomodations. Step through the doors to the grand foyer where the open concept kitchen, living area & fam rooms extend. Extensive finishing w/wainscotting & crown moulding throughout this gorgeous home. The kitchen features white cabinets, dark walnut flooring, granite counters &tile backsplash. The master retreat has an amazing ensuite w/ rain shower, jetted soaker tub, double sinks, heated floors & gas f/p. Huge flex room above the garage is great for office space, theatre room, gym, etc..., Best price per sqft on the Mtn!!!
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I have sold a property at 3526 MONASHEE ST in Abbotsford.
Exceptionally maintained & cared for, this is the perfect place to raise your family. Only minutes from all levels of schools, this neighborhood is quiet & family oriented. The 20'x16' living room features high ceilings, a valor fireplace with stone surround & floor to ceiling windows let in loads of sunshine. Tons of storage throughout, with a spacious, separate laundry room. Overlook the big, fenced backyard laden with various fruit trees, flowering shrubs & greenery to keep it private & peaceful. The large cedar deck is exactly what you're looking for those upcoming BBQ's! Other features incl. new vinyl windows throughout, new hot water tank, updated bathrooms & 3/4' hardwood flooring. Call today & book your personal viewing!
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I have sold a 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 listed a new property at 36298 SANDRINGHAM DR in Abbotsford.
STELLAR VIEWS and a legal suite here! With over 4800 Sqft, this expansive 6 bdrm/6 bath home has an open concept main floor with gorgeous hardwood flooring throughout w/ the kitchen flowing to the large dining room, family & living rooms. From there, take a step thru the double french doors to the deck where you can soak up the awesome Valley views. Master suite w/ large ensuite & priv. patio - the perfect place to start or end your day. Sep. guest suite above garage w/ own entrance is great for students/home based business+2 bdrm suite below (exc. mortgage helpers). HUGE 14,728 sqft lot, 2 out buildings. This is the last home on super quiet street w/lane access. Bunker w/ in & outside access as well! RV parking!
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SURREY, BC – In March, sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) reached the highest they’ve been in nine years. The Board processed 1,857 sales, a 47 per cent increase compared to the 1,259 sales in March of last year. Sales during March of 2006 were 2,072.

Jorda Maisey, President of the Board, attributes the strength in the market to a number of factors. “Our population is growing, interest rates continue to remain supportive of housing demand and consumers are confident. It all adds up to a desire to invest in real estate now.”

 

 

In March, the Board processed 11 per cent more new listings compared to March 2014, however higher sales eroded the number of active listings. March finished with 8,193 active listings of all property types, 7 per cent fewer than available during the same month last year.

 

Maisey adds, “It’s important to emphasize that supply and demand vary depending on property type and location. Currently, demand for single family detached homes is outpacing supply in most Fraser Valley communities resulting in lower inventory levels, upward pressure on prices and homes selling faster than they did last year.

“For buyers looking for a detached home or in certain areas a townhome, your REALTOR® will advise that selection is limited, you will have less time to make decisions and their ability to negotiate a lower price for you is diminished. This is not the case if you’re looking to invest in an apartment or an acreage property where the market continues to favour buyers.”

 

The MLS® HPI benchmark price of a Fraser Valley single family detached home in March was $588,500, an increase of 4.5 per cent compared to March 2014 when it was $563,400.

In March, the benchmark price of townhouses was $299,700, an increase of 0.9 per cent compared to $297,100 in March 2014. The benchmark price of apartments decreased year-over-year by 2.4 per cent, going from $195,400 in March 2014 to $190,800 in March 2015.

In March, the average number of days to sell a single family detached home in the Fraser Valley was 38 days, down from 44 days in 2014. Townhomes took 48 days on average to sell, while apartments took 61 days, both comparable with March of last year. 

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I have listed a new property at 35588 DINA PL in Abbotsford.
Stop in your tracks & check out this VIEW!! Take in the Mt Baker view and 180' southern exposure from sunrise to sunset! Rancher with full basement. The 1066 sq ft LEGAL 2 bdrm suite below is bright & airy with its own separate entrance & laundry. A great mortgage helper or space for the in-laws! The main floor spans 1750 sq ft and has 3 large bedrooms & 2 baths. Spacious, open concept kitchen/dining/living room with cozy rock wall fireplace. Excellent Delair neighborhood close to schools, freeway access, shopping, dining, everything you need. Situated on a quiet, dead end street with lots of room to park your vehicles & toys. Low maintenance yard. 6' crawl space is 1375Sqft.
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I have listed a new property at 5822 COWICHAN ST in Sardis.
Custom built masterpiece in award winning Garrison Crossing! With modern luxuries, combined with a spacious, flowing floor plan & beautiful natural lighting throughout, this is the perfect place to get your family settled. Nestled against tall trees & greenery, the fully fenced yard backs onto the park w/walking trails. Main floor features high coffered ceilings, dark hardwood flooring, stunning white kitchen w/corian stone counters & LOADS of cabinets/cupboards & computer nook. BBQ out back on the stamped concrete deck & watch the kids play. Or soak in the peaceful surroundings off your private patio in the master suite, complete with w/i closet & 5 pc ensuite. partly fin. bsmnt awaits your ideas; side RV parking. Move in today!
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I have listed a new property at 35595 LACEY GREENE WAY in Abbotsford.
Executive contemporary designed home on Eagle Mountain. With a warm feel & nice flow, this stunning kitchen has amazing cabinetry w/ 36" 6 burner gas stove, S/S appliances, slate backsplash & lots of granite counter space. Having an open concept kitchen, eating area & great room make this home perfect for entertaining/family gatherings. Sprawling master suite w/ his/hers closets, jetted tub/double sinks & heated floors in the ensuite & private balcony. This level is shared with 2 other bdrms & possible second laundry. The walk out, daylight basement has a huge 30'x16' open recroom with a wet bar and full service laundry room. With 4 bathrooms, 3 bdrms up & 2 more below this makes for a perfect family home for children of all ages!
Read full post

I have listed a new property at 3526 MONASHEE ST in Abbotsford.
Exceptionally maintained & cared for, this is the perfect place to raise your family. Only minutes from all levels of schools, this neighborhood is quiet & family oriented. The 20'x16' living room features high ceilings, a valor fireplace with stone surround & floor to ceiling windows let in loads of sunshine. Tons of storage throughout, with a spacious, separate laundry room. Overlook the big, fenced backyard laden with various fruit trees, flowering shrubs & greenery to keep it private & peaceful. The large cedar deck is exactly what you're looking for those upcoming BBQ's! Other features incl. new vinyl windows throughout, new hot water tank, updated bathrooms & 3/4' hardwood flooring. Call today & book your personal viewing!
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I have listed a new property at 35734 HAWKSVIEW PL in Abbotsford.
AMAZING PANORAMIC VIEWS! Your oasis within the city.Sitting prominently at the end of a quiet cul-de-sac & backs onto private greenbelt w/ your own walking trails. Soak in the valley views on the sprawling, easy flowing main floor surrounded in picturesque windows w/ all day sunshine & natural light. Gourmet kitchen w/ commercial grade S/S appliances & granite counters opens up to the eating nook, living room & dining area. 3 bdrms upstairs; the master suite has a rock f/p, walk-in closet & ensuite w/ double sinks, free standing tub. Accentuated w/ modern details throughout. 35 yr warranted cedar roof. 14'x30' stamped concrete patio overlooking the views! There's a 3 car garage w/carport for 3 more cars- THIS IS THE ONE!
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I have sold a property at 34586 PEARL AVE in Abbotsford.
Extreme makeover! This beautifully renovated rancher has new vinyl windows, new insulation, countertops, tile & laminate flooring, newer appliances, fresh paint, a water treatment system and a new cedar deck perfect for outdoor entertaining on these sunny days! 4 good sized bedrooms & a big walk in closet and ensuite in the master bedroom. There was an large addition in '07 with full permits & the middle bedroom could easily be split to make a den or have the back bedroom into a rec room. New landscaping in front & back with a fully fenced backyard to keep in the kids and pets. There's also room to park your RV/boat/trailer on this 6820 sq ft lot. Situated on a quiet, family friendly street close to parks, schools & shopping.
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Keeping you updated about what's happening in Real Estate and in the Fraser Valley!