October proved to be an interesting month! We are so tied into the global economy that daily news of what is happening in the rest of the world affects us on a personal level whether it is our investments, job security or for many worry about relatives living abroad. It isn't all doom and gloom, we are so lucky to be living in Canada at a time with record low interest rates holding strong.
Please make sure to follow the business we endorse each month on the reverse side of our letter. If you need a lawyer for a power of attorney, haven't done your wills or need to update them, if would be a great idea to contact Bill Cadman. Many of you have used Bill's services for you real estate transactions. Bill has had his law practice in Coquitlam since 1985 and will take very good care of you.
REBGV Stats for October:
- Stats for October showed a 3.2% increase over September 2011 for total property sales, however ranked as the second lowest number of sales for October over the last 10 years.
- New listings for properties in Greater Vancouver were on par with the 10 year average.
- Total number of properties listed for sale represents an 18.3% increase compared to October 2010, and a 23% decrease compared to September 2011.
- MLS Housing Price Index benchmark price for all residential properties in GV over the last 12 months has increased 7.5% to $622,955 in October 2011 from $579,349 in October 2010. However, since reaching its peak in June of $630,921 the benchmark price for all residential properties in the region has declined 1.3%.
Benchmark price increased 11% from Oct 2010 to $884,778 but decreased 1.3% compared to last month.
Benchmark price increased 6.5% between Oct 2010 & Oct 2011 to $519,455 & increased 1/2% compared to last month.
Benchmark price increased 3.2% from Oct 2010 to Oct 2011 to $402,702 but decreased .7% compared to last month.
This Month's Item of Value - Get the Most out of Holiday Retail Deals!
This month's information helps you prepare for the holiday shopping season. The first page offers tips and tricks to help you score deals on gifts for everyone on your list and the second page provides valuable information about how to avoid scams and protect your credit and debit card information both in store and online. Feel free to share this useful information with your family and friends.
Oh & by the way.....we are never too busy for our referrals! Send us the name and phone number of your contact and we will totally take care of them from beginning to end! Please don't forget our appreciation of $500.00 for your successful referral!