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	<title>Langley BC Real Estate | Houses, Condominums And Town Homes</title>
	
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		<title>The Best way to Start Searching for a Home in Langley, White Rock &amp; Surrey, by Andrew Szalontai, Real Estate Expert in Langley, White Rock &amp; Surrey</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/BRKM6DkqdDs/the-best-way-to-start-searching-for-a-home-in-langley-white-rock-surrey-by-andrew-szalontai-real-estate-expert-in-langley-white-rock-surrey</link>
		<comments>http://www.mylangleyrealestate.com/the-best-way-to-start-searching-for-a-home-in-langley-white-rock-surrey-by-andrew-szalontai-real-estate-expert-in-langley-white-rock-surrey#comments</comments>
		<pubDate>Wed, 03 Mar 2010 12:04:50 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Info Center]]></category>

		<category><![CDATA[Newsletter]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=336</guid>
		<description><![CDATA[The best way of starting your search for a home in Langley, White Rock &#38; Surrey is by contacting an experienced and qualified real estate agent in Langley, White Rock &#38; Surrey. It is so easy to get sidetracked by real estate sites that show beautiful pictures and make every home look like a palace. [...]]]></description>
			<content:encoded><![CDATA[<p>The best way of starting your search for a home in Langley, White Rock &amp; Surrey is by contacting an experienced and qualified real estate agent in Langley, White Rock &amp; Surrey. It is so easy to get sidetracked by real estate sites that show beautiful pictures and make every home look like a palace. You can easily become convinced that a Langley, White Rock &amp; Surrey home is right for you by merely seeing some pictures of it, when in reality the house is in shambles, or has underlying structural issues that cause a major problem.</p>
<p>A real estate agent in Langley, White Rock &amp; Surrey can lead you towards homes that are in your current price range and offer the best value for your money. They have been in many of the homes that are shown in these lovely pictures and can tell you quite honestly what these Langley, White Rock &amp; Surrey homes really look like inside. </p>
<p>Real estate agents in Langley, White Rock &amp; Surrey also know what kind of price range you can expect in different locations around Langley, White Rock &amp; Surrey. The same house that costs $550,000 in one area can go for $750,000 to $800,000 at the other end of the city. While you may not be able to take this into account because you do not know the different markets around the city, rest assured that your real estate agent does. He can let you know if the asking price of the house is a reflection of its true market value in Langley, White Rock &amp; Surrey.</p>
<p>You can waste a lot of time and energy looking for a house on your own. Using the services of a good real estate agent in Langley, White Rock &amp; Surrey will save you a lot of time and frustration. The agent will take into account everything you have told him about your desired home and lead you towards houses in Langley, White Rock &amp; Surrey that are in your price range, in a good location and have all or most of the features you require in a home.</p>
<p>Remember that real estate agents in are in business to service you, and if they are not able to do that properly they will make no income. Use their knowledge and guidance to help you find the best home in Langley, White Rock &amp; Surrey that you possibly can.</p>
<p>There is a lot of free information available to you about buying, selling or investing in Langley, White Rock &amp; Surrey real estate. For complete information about the Langley, White Rock &amp; Surrey real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Langley, White Rock &amp; Surrey real estate. So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 778.862.5542 or email me at andrew@yourperfecthome.ca .</p>
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		<item>
		<title>Three Tips to Help you Sell your Langley, White Rock and Surrey Home Fast, by Andrew Szalontai, Langley, White Rock and Surrey Real Estate Expert</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/-PonxYwU8w8/three-tips-to-help-you-sell-your-langley-white-rock-and-surrey-home-fast-by-andrew-szalontai-langley-white-rock-and-surrey-real-estate-expert</link>
		<comments>http://www.mylangleyrealestate.com/three-tips-to-help-you-sell-your-langley-white-rock-and-surrey-home-fast-by-andrew-szalontai-langley-white-rock-and-surrey-real-estate-expert#comments</comments>
		<pubDate>Wed, 03 Mar 2010 12:03:55 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Info Center]]></category>

		<category><![CDATA[Newsletter]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=333</guid>
		<description><![CDATA[There are a lot of things you must keep in mind when you are selling your Langley, White Rock and Surrey home. Sometimes it seems rather overwhelming. Here are a few valuable tips you can use to help you sell your home in Langley, White Rock and Surrey faster and make the most profit on [...]]]></description>
			<content:encoded><![CDATA[<p>There are a lot of things you must keep in mind when you are selling your Langley, White Rock and Surrey home. Sometimes it seems rather overwhelming. Here are a few valuable tips you can use to help you sell your home in Langley, White Rock and Surrey faster and make the most profit on it as well.</p>
<p><strong>#1 - Keep it clean and tidy.</strong> This is so important that it must be said again. Keep it clean and tidy. A house that is dirty and unkempt can be almost impossible to sell. Your Langley, White Rock and Surrey real estate agent will not want to show your home if it is not up to standards, and it is your responsibility to keep it looking its best for however long it takes to sell. If you have to invest money by hiring a Langley, White Rock and Surrey housekeeping service, then do it you must. It is the most critical part of selling a home, and the small amount it will cost to hire help is nothing compared to how much more money you can make by selling your house quickly.</p>
<p><strong>#2 - Have you ever thought about visiting another open house</strong> in the Langley, White Rock and Surrey area and seeing what it is actually like to view another home? You will be quite surprised at what you find. You need to make a mental note of your thought processes as you walk through the Langley, White Rock and Surrey home in order to experience what potential buyers are looking at when they walk through yours. It is quite amazing to see this viewpoint. Visiting a friend&#8217;s home for a coffee is quite different from actually inspecting a home.</p>
<p><strong>#3 - Work closely with your Langley, White Rock and Surrey real estate agent.</strong> He has a lot of valuable advice he can offer and you need to be willing to accept most of it. He has been playing this real estate game for a lot longer than you have, and even though some of his ideas may not seem right to you, he knows what buyers are looking for. There are certain strategies for selling a home in Langley, White Rock and Surrey quickly that only the top agents know about. Follow his advice for a quick sale and you&#8217;ll never look back.</p>
<p>Use these tips to your advantage and you will find that your Langley, White Rock and Surrey home can sell very quickly. The bottom line is you must invest the time to make it sell, and the more time you take the faster your Langley, White Rock and Surrey home will sell.</p>
<p>If you need more free information about selling, buying or investing in Langley, White Rock and Surrey real estate feel free to contact Andrew Szalontai. For complete information about the Langley, White Rock and Surrey real estate market, including the most recent homes for sale, current property values and more, please visit the most complete online website dedicated to meeting all of your Langley, White Rock and Surrey real estate needs at www.mylangleyrealestate.com or www.yourperfecthome.ca . Do not hesitate to contact me anytime with any of your real estate or mortgage related questions and I will be happy to answer your them for you. Call me on my cell at 778.862.5542 or email me at andrew@yourperfecthome.ca .</p>
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		<item>
		<title>Average Housing Prices in February</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/v15bk4-kggQ/average-housing-prices-in-february-3</link>
		<comments>http://www.mylangleyrealestate.com/average-housing-prices-in-february-3#comments</comments>
		<pubDate>Wed, 03 Mar 2010 12:02:04 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Fraser Valley Real Estate Board Average Prices]]></category>

		<category><![CDATA[Newsletter]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=331</guid>
		<description><![CDATA[



RESIDENTIAL DETACHED




 


N.Delta


Surrey


W.Rock


Langley


Abbots




Feb ‘10


$492,347


$532,326


$784,484


$528,010


$427,215




Jan ‘10


$517,747


$529,441


$842,388


$539,748


$436,651




change


-4.90%


0.50%


-6.90%


-2.20%


-2.20%




Feb ‘09


$429,618


$485,507


$750,116


$489,347


$399,989




change


14.60%


9.60%


4.60%


7.90%


6.80%




 


 


 


 


 


 




TOWNHOUSES




 


N.Delta


Surrey


W.Rock


Langley


Abbots




Feb ‘10


$412,341


$317,453


$479,118


$314,394


$285,953




Jan ‘10


$372,500


$311,851


$490,150


$307,722


$255,023




change


10.70%


1.80%


-2.30%


2.20%


12.10%




Feb ‘09


361,000


$291,033


$440,540


$294,656


$247,575




change


14.20%


9.10%


8.80%


6.70%


15.50%




 


 


 


 


 


 




APARTMENTS




 


N.Delta


Surrey


W.Rock


Langley


Abbots




Feb ‘10


$237,024


$214,362


$312,113


$214,320


$175,200




Jan ‘10


$183,500


$213,007


$278,641


$215,608


$200,015




change


29.20%


0.60%


12.0%


-0.60%


-12.40%




Feb ‘09


$228,500


$196,649


$285,663


$210,700


$158,670




change


3.70%


9.0%


9.30%


1.70%


10.40%




]]></description>
			<content:encoded><![CDATA[<table border="1" cellspacing="0" cellpadding="0" width="463">
<tbody>
<tr>
<td colspan="6" width="463" valign="bottom">
<p align="center"><strong>RESIDENTIAL DETACHED</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"><strong>N.Delta</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Surrey</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>W.Rock</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Langley</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Abbots</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Feb ‘10</p>
</td>
<td valign="bottom">
<p align="center">$492,347</p>
</td>
<td valign="bottom">
<p align="center">$532,326</p>
</td>
<td valign="bottom">
<p align="center">$784,484</p>
</td>
<td valign="bottom">
<p align="center">$528,010</p>
</td>
<td valign="bottom">
<p align="center">$427,215</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Jan ‘10</p>
</td>
<td valign="bottom">
<p align="center">$517,747</p>
</td>
<td valign="bottom">
<p align="center">$529,441</p>
</td>
<td valign="bottom">
<p align="center">$842,388</p>
</td>
<td valign="bottom">
<p align="center">$539,748</p>
</td>
<td valign="bottom">
<p align="center">$436,651</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">-4.90%</p>
</td>
<td valign="bottom">
<p align="center">0.50%</p>
</td>
<td valign="bottom">
<p align="center">-6.90%</p>
</td>
<td valign="bottom">
<p align="center">-2.20%</p>
</td>
<td valign="bottom">
<p align="center">-2.20%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Feb ‘09</p>
</td>
<td valign="bottom">
<p align="center">$429,618</p>
</td>
<td valign="bottom">
<p align="center">$485,507</p>
</td>
<td valign="bottom">
<p align="center">$750,116</p>
</td>
<td valign="bottom">
<p align="center">$489,347</p>
</td>
<td valign="bottom">
<p align="center">$399,989</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">14.60%</p>
</td>
<td valign="bottom">
<p align="center">9.60%</p>
</td>
<td valign="bottom">
<p align="center">4.60%</p>
</td>
<td valign="bottom">
<p align="center">7.90%</p>
</td>
<td valign="bottom">
<p align="center">6.80%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
</tr>
<tr>
<td colspan="6" valign="bottom">
<p align="center"><strong>TOWNHOUSES</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"><strong>N.Delta</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Surrey</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>W.Rock</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Langley</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Abbots</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Feb ‘10</p>
</td>
<td valign="bottom">
<p align="center">$412,341</p>
</td>
<td valign="bottom">
<p align="center">$317,453</p>
</td>
<td valign="bottom">
<p align="center">$479,118</p>
</td>
<td valign="bottom">
<p align="center">$314,394</p>
</td>
<td valign="bottom">
<p align="center">$285,953</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Jan ‘10</p>
</td>
<td valign="bottom">
<p align="center">$372,500</p>
</td>
<td valign="bottom">
<p align="center">$311,851</p>
</td>
<td valign="bottom">
<p align="center">$490,150</p>
</td>
<td valign="bottom">
<p align="center">$307,722</p>
</td>
<td valign="bottom">
<p align="center">$255,023</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">10.70%</p>
</td>
<td valign="bottom">
<p align="center">1.80%</p>
</td>
<td valign="bottom">
<p align="center">-2.30%</p>
</td>
<td valign="bottom">
<p align="center">2.20%</p>
</td>
<td valign="bottom">
<p align="center">12.10%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Feb ‘09</p>
</td>
<td valign="bottom">
<p align="center">361,000</p>
</td>
<td valign="bottom">
<p align="center">$291,033</p>
</td>
<td valign="bottom">
<p align="center">$440,540</p>
</td>
<td valign="bottom">
<p align="center">$294,656</p>
</td>
<td valign="bottom">
<p align="center">$247,575</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">14.20%</p>
</td>
<td valign="bottom">
<p align="center">9.10%</p>
</td>
<td valign="bottom">
<p align="center">8.80%</p>
</td>
<td valign="bottom">
<p align="center">6.70%</p>
</td>
<td valign="bottom">
<p align="center">15.50%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"> </p>
</td>
</tr>
<tr>
<td colspan="6" valign="bottom">
<p align="center"><strong>APARTMENTS</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center"> </p>
</td>
<td valign="bottom">
<p align="center"><strong>N.Delta</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Surrey</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>W.Rock</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Langley</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Abbots</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Feb ‘10</p>
</td>
<td valign="bottom">
<p align="center">$237,024</p>
</td>
<td valign="bottom">
<p align="center">$214,362</p>
</td>
<td valign="bottom">
<p align="center">$312,113</p>
</td>
<td valign="bottom">
<p align="center">$214,320</p>
</td>
<td valign="bottom">
<p align="center">$175,200</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Jan ‘10</p>
</td>
<td valign="bottom">
<p align="center">$183,500</p>
</td>
<td valign="bottom">
<p align="center">$213,007</p>
</td>
<td valign="bottom">
<p align="center">$278,641</p>
</td>
<td valign="bottom">
<p align="center">$215,608</p>
</td>
<td valign="bottom">
<p align="center">$200,015</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">29.20%</p>
</td>
<td valign="bottom">
<p align="center">0.60%</p>
</td>
<td valign="bottom">
<p align="center">12.0%</p>
</td>
<td valign="bottom">
<p align="center">-0.60%</p>
</td>
<td valign="bottom">
<p align="center">-12.40%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Feb ‘09</p>
</td>
<td valign="bottom">
<p align="center">$228,500</p>
</td>
<td valign="bottom">
<p align="center">$196,649</p>
</td>
<td valign="bottom">
<p align="center">$285,663</p>
</td>
<td valign="bottom">
<p align="center">$210,700</p>
</td>
<td valign="bottom">
<p align="center">$158,670</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">3.70%</p>
</td>
<td valign="bottom">
<p align="center">9.0%</p>
</td>
<td valign="bottom">
<p align="center">9.30%</p>
</td>
<td valign="bottom">
<p align="center">1.70%</p>
</td>
<td valign="bottom">
<p align="center">10.40%</p>
</td>
</tr>
</tbody>
</table>
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		<item>
		<title>Home sales activity strong through Olympic period</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/4QHV7ejIR6w/home-sales-activity-strong-through-olympic-period</link>
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		<pubDate>Wed, 03 Mar 2010 12:01:40 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Newsletter]]></category>

		<category><![CDATA[Vancouver Real Estate Board Update]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=329</guid>
		<description><![CDATA[VANCOUVER, B.C. – March 2, 2010 –The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled [...]]]></description>
			<content:encoded><![CDATA[<p>VANCOUVER, B.C. – March 2, 2010 –The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.</p>
<p>The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,473 in February 2010, an increase of 67.1 per cent compared to February 2009 when 1,480 sales were recorded and a 28.6 per cent increase compared to the 1,923 sales recorded in January 2010.</p>
<p>More broadly, last month’s sales totals marked a 7.6 per cent decline compared to the 2,676 sales recorded in February 2008 and were 13.5 per cent behind February 2007 when 2,859 residential sales were recorded on the Multiple Listing Service (MLS®) in Greater Vancouver.</p>
<p>Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 19.7 per cent to $581,911 from $486,054 in February 2009. This price is 2.4 per cent above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411.</p>
<p>“We don’t know at this point what long-term impact the Olympics will have on our housing market, but we do know that activity in our market remained steady through all of the excitement and distraction of the last few weeks,” Scott Russell, REBGV president said.</p>
<p>“In February, for example, 110 sales were recorded on the MLS® in downtown Vancouver. That’s higher than 2009 and slightly lower than the mid-2000s, which is consistent with data from the overall market. It’s too soon to say whether that’s an Olympic effect,” Russell said.</p>
<p>New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,606 in February 2010. This represents a 17.6 per cent increase compared to February 2009 when 3,916 new units were listed, and a 10.5 per cent decrease compared to January 2010 when 5,147 properties were listed on the MLS® in Greater Vancouver.</p>
<p>At 11,346, the total number of property listings on the MLS® increased 11 per cent in February compared to last month and declined 21 per cent from this time last year.</p>
<p>“Two months into 2010, we see the total number of homes listed for sale on the rise and demand in the market strong, but less frenzied than we saw in the latter part of 2009,” Russell said.</p>
<p>Sales of detached properties increased 67.5 per cent in February 2010 to 983 from the 587 detached sales recorded during the same period in 2009. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 22.5 per cent from February 2009 to $800,796.</p>
<p>Sales of apartment properties in February 2010 increased 65.2 per cent to 1,074 compared to 650 sales in February 2009. The benchmark price of an apartment property increased 17.3 per cent from February 2009 to $390,899.</p>
<p>Attached property sales in February 2010 are up 71.2 per cent to 416, compared with the 243 sales in February 2009. The benchmark price of an attached unit increased 16.2 per cent between Februarys 2009 and 2010 to $495,496.</p>
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		<title>Stronger than expected Fraser Valley home sales during Olympics</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/1cv7B2H9BTc/stronger-than-expected-fraser-valley-home-sales-during-olympics</link>
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		<pubDate>Wed, 03 Mar 2010 12:00:23 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Fraser Valley Real Estate Board Update]]></category>

		<category><![CDATA[Newsletter]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=326</guid>
		<description><![CDATA[For immediate release: March 2, 2010
(Surrey, BC) – Not even the most engaging Olympics in Canadian history could completely slow the appetite for house hunting, according to the most recent statistics from the Fraser Valley Real Estate Board.
The Board’s Multiple Listing Service® (MLS®) recorded 1,204 sales in February, an increase of 23 per cent over [...]]]></description>
			<content:encoded><![CDATA[<p>For immediate release: March 2, 2010</p>
<p>(Surrey, BC) – Not even the most engaging Olympics in Canadian history could completely slow the appetite for house hunting, according to the most recent statistics from the Fraser Valley Real Estate Board.</p>
<p>The Board’s Multiple Listing Service® (MLS®) recorded 1,204 sales in February, an increase of 23 per cent over January’s sales and an increase of 77 per cent over the 682 sales during February of last year.</p>
<p>Deanna Horn, president of the Board explains, “Although the phones were quieter and we did experience less traffic at open houses, we were surprisingly busy given how much everyone, including REALTORS® were enjoying the Games.</p>
<p>“Buyers are aware of two key changes that could impact their purchasing ability. The new mortgage rules coming in April, plus the Harmonized Sales Tax in July, so the ‘Olympic effect’ we were expecting wasn’t as deep.”</p>
<p>The Board’s MLS® received 2,879 new listings in February, an average of 144 per business day, providing buyers with 14 per cent more selection than they had the previous month. The number of active listings in February was 8,485, 12 per cent fewer than were available during February last year.</p>
<p>Horn adds that the combined strength of listings and sales currently is stabilizing Fraser Valley home prices. “Overall, we’ve seen modest price gains for the last three months. The benchmark price for all residential types combined increased less than one per cent from January to February.</p>
<p>“When you have a healthy level of inventory, it puts less upward pressure on prices and creates a stable, balanced market.”</p>
<p>In February, the benchmark price for Fraser Valley detached homes was $508,136, an increase of 11.3 per cent from the February 2009 price of $456,683.</p>
<p>The benchmark price of Fraser Valley townhouses in February was $324,708, a 9.8 per cent increase compared to $295,731 in February 2009. The benchmark price of apartments increased by 7.8 per cent year-over-year going from $228,091 in February 2009 to $245,879 in February 2010.</p>
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		<title>Finding the Perfect neighbourhood in Langley, White Rock and Surrey, by Andrew Szalontai, Real Estate Expert in Langley, White Rock and Surrey</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/cxKv9y6E88o/finding-the-perfect-neighbourhood-in-langley-white-rock-and-surrey-by-andrew-szalontai-real-estate-expert-in-langley-white-rock-and-surrey</link>
		<comments>http://www.mylangleyrealestate.com/finding-the-perfect-neighbourhood-in-langley-white-rock-and-surrey-by-andrew-szalontai-real-estate-expert-in-langley-white-rock-and-surrey#comments</comments>
		<pubDate>Thu, 04 Feb 2010 12:04:17 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Info Center]]></category>

		<category><![CDATA[Newsletter]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=324</guid>
		<description><![CDATA[There is nothing more important when you are looking for the perfect home in Langley, White Rock and Surrey than to find the right neighbourhood. Although it is common to hear the phrase, &#8216;location, location location&#8217; when discussing real estate, it is very common for the neighbourhood to be a secondary consideration and the home [...]]]></description>
			<content:encoded><![CDATA[<p>There is nothing more important when you are looking for the perfect home in Langley, White Rock and Surrey than to find the right neighbourhood. Although it is common to hear the phrase, &#8216;location, location location&#8217; when discussing real estate, it is very common for the neighbourhood to be a secondary consideration and the home a priority. This can turn out to be very problematic in the long run, and should be addressed right at the beginning of your Langley, White Rock and Surrey house hunting efforts.</p>
<p>Here are a few things you should consider when deciding on a new neighbourhood in Langley, White Rock and Surrey.</p>
<p><strong>#1 - Does it have a school nearby?</strong><br />
Nowadays this is a very important consideration when you have children. If you are at all concerned about their safety if they have to walk a fair distance to get to school then you should look for a neighbourhood with one or more schools situated close to the home.</p>
<p><strong>#2 - Is it a safe neighbourhood?</strong><br />
Sometimes looks can be very deceiving. It is quite common to find a beautiful residential neighbourhood that has been targeted for theft by local criminals. Your real estate agent can let you know how to get access to criminal statistics for different neighbourhoods in Langley, White Rock and Surrey.</p>
<p><strong>#3 - Is there a community center in the area?</strong><br />
Most neighbourhoods in Langley, White Rock and Surrey do have a community center in the area, but some do not. In addition, some neighbourhoods are very large and the community center can be located at the other end of it.</p>
<p><strong>#4 - Is there a local church?<br />
</strong>Depending on your church affiliation you could find yourself driving to the other end of the city to get to church. If you have close ties with your church you may want to consider staying close to it.</p>
<p><strong>#5 - Is there convenient shopping close by?</strong><br />
If you are like most people these days you probably find yourself running out to purchase necessities quite frequently. You should check and make sure that the shopping nearby offers the kind of shopping you are accustomed to.</p>
<p>These are a few of the most important things you should consider when looking at different neighbourhoods in Langley, White Rock and Surrey, but you should also put together your own list of what you would like to find in the area. Take this list with you when you visit your Langley, White Rock and Surrey real estate agent for the first time and he will be able to properly guide you towards the best neighbourhood in Langley, White Rock and Surrey that will suit your needs.</p>
<p>As a local real estate agent in Langley, White Rock and Surrey I can offer you more free information about the Langley, White Rock and Surrey real estate market, including the most recent homes for sale, current property values and more. Feel free to contact me, Andrew Szalontai, anytime with any of your real estate or mortgage related questions and I will be happy to answer your them for you. You can visit my website at www.yourperfecthome.ca , which offers complete information about the Langley, White Rock and Surrey real estate market. You can also call me on my cell at 778.862.5542 or email me at andrew@yourperfecthome.ca</p>
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		<title>The Role of the Real Estate Agent when Selling a Home in Langley, White Rock and Surrey, by Andrew Szalontai, Real Estate Expert in Langley, White Rock and Surrey</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/DU-g_iRETvI/the-role-of-the-real-estate-agent-when-selling-a-home-in-langley-white-rock-and-surrey-by-andrew-szalontai-real-estate-expert-in-langley-white-rock-and-surrey</link>
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		<pubDate>Thu, 04 Feb 2010 12:03:39 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Info Center]]></category>

		<category><![CDATA[Newsletter]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=322</guid>
		<description><![CDATA[Do you really need a Langley, White Rock and Surrey real estate agent to help you sell your home? After all, other people are doing it themselves, so why can&#8217;t you? Well, the truth is that most of the people that are selling their homes in Langley, White Rock and Surrey on their own are [...]]]></description>
			<content:encoded><![CDATA[<p>Do you really need a Langley, White Rock and Surrey real estate agent to help you sell your home? After all, other people are doing it themselves, so why can&#8217;t you? Well, the truth is that most of the people that are selling their homes in Langley, White Rock and Surrey on their own are losing out on a lot of potential money by not having the guidance and direction of an agent within arm&#8217;s reach. Sometimes tens of thousands of dollars.</p>
<p>When you look at the commission your real estate agent will make, versus the profit you can lose, hiring a qualified agent to assist with your sale is a no-brainer. They have been working on behalf of other clients for many years and know from experience what works and what doesn&#8217;t when dealing with property sales.</p>
<p>Professional real estate agents are top-notch negotiators that use their expertise to negotiate the best deal possible on your behalf. Using a qualified Langley, White Rock and Surrey agent puts you in the best position when negotiating for the best possible offer on your Langley, White Rock and Surrey house. </p>
<p>Agents also know the tricks of the trades that get homes in Langley, White Rock and Surrey to sell quickly, and for higher amounts. It is possible for one of these Langley, White Rock and Surrey professional agents to come into your home and make a few suggestions that can add up to thousands of dollars in your pocket when the sale is complete.</p>
<p>There are also things that he can point out that can save you a lot of money. Sometimes repairs and paint jobs are put into the home that do not really raise the value of the Langley, White Rock and Surrey property significantly. As with anything, using an experienced advisor can save you time and money in the end. Use your Langley, White Rock and Surrey real estate agent for all he is worth and make more money on your home.</p>
<p>There is a lot of free information available to you about buying, selling or investing in Langley, White Rock and Surrey real estate. For complete information about the Langley, White Rock and Surrey real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Langley, White Rock and Surrey real estate. So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 778.862.5542 or email me at andrew@yourperfecthome.ca </p>
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		<item>
		<title>Average Housing Prices in January</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/TCNQnHeivk0/average-housing-prices-in-january-2</link>
		<comments>http://www.mylangleyrealestate.com/average-housing-prices-in-january-2#comments</comments>
		<pubDate>Thu, 04 Feb 2010 12:02:17 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Fraser Valley Real Estate Board Average Prices]]></category>

		<category><![CDATA[Newsletter]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=320</guid>
		<description><![CDATA[



RESIDENTIAL DETACHED







N.Delta


Surrey


W.Rock


Langley


Abbots




Jan ‘10


$517,747


$529,441


$842,388


$539,748


$436,651




Dec ‘09


$476,510


$527,267


$948,277


$506,907


$454,338




change


8.70%


0.40%


-11.20%


6.50%


-3.90%




Jan ‘09


$502,286


$482,271


$748,807


$485,360


$405,000




change


3.10%


9.80%


12.50%


11.20%


7.80%
























TOWNHOUSES







N.Delta


Surrey


W.Rock


Langley


Abbots




Jan ‘10


$372,500


$311,851


$490,150


$307,722


$255,023




Dec ‘09


$218,000


$323,534


$479,883


$319,358


$259,139




change


70.90%


-3.60%


2.10%


-3.60%


-1.60%




Jan ‘09


-


$313,329


$390,416


$290,118


$238,740




change


n/a


-0.50%


25.50%


6.10%


6.80%
























APARTMENTS







N.Delta


Surrey


W.Rock


Langley


Abbots




Jan ‘10


$183,500


$213,007


$278,641


$215,608


$200,015




Dec ‘09


$268,000


$211,712


$319,348


$217,794


$187,219




change


-31.50%


0.60%


-12.70%


-1.0%


6.80%




Jan ‘09


$190,000


$192,454


$283,850


$195,553


$145,260




change


-3.40%


10.70%


-1.80%


10.30%


37.70%




]]></description>
			<content:encoded><![CDATA[<table border="1" cellspacing="0" cellpadding="0" width="463">
<tbody>
<tr>
<td colspan="6" width="463" valign="bottom">
<p align="center"><strong>RESIDENTIAL DETACHED</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center"><strong>N.Delta</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Surrey</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>W.Rock</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Langley</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Abbots</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Jan ‘10</p>
</td>
<td valign="bottom">
<p align="center">$517,747</p>
</td>
<td valign="bottom">
<p align="center">$529,441</p>
</td>
<td valign="bottom">
<p align="center">$842,388</p>
</td>
<td valign="bottom">
<p align="center">$539,748</p>
</td>
<td valign="bottom">
<p align="center">$436,651</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Dec ‘09</p>
</td>
<td valign="bottom">
<p align="center">$476,510</p>
</td>
<td valign="bottom">
<p align="center">$527,267</p>
</td>
<td valign="bottom">
<p align="center">$948,277</p>
</td>
<td valign="bottom">
<p align="center">$506,907</p>
</td>
<td valign="bottom">
<p align="center">$454,338</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">8.70%</p>
</td>
<td valign="bottom">
<p align="center">0.40%</p>
</td>
<td valign="bottom">
<p align="center">-11.20%</p>
</td>
<td valign="bottom">
<p align="center">6.50%</p>
</td>
<td valign="bottom">
<p align="center">-3.90%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Jan ‘09</p>
</td>
<td valign="bottom">
<p align="center">$502,286</p>
</td>
<td valign="bottom">
<p align="center">$482,271</p>
</td>
<td valign="bottom">
<p align="center">$748,807</p>
</td>
<td valign="bottom">
<p align="center">$485,360</p>
</td>
<td valign="bottom">
<p align="center">$405,000</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">3.10%</p>
</td>
<td valign="bottom">
<p align="center">9.80%</p>
</td>
<td valign="bottom">
<p align="center">12.50%</p>
</td>
<td valign="bottom">
<p align="center">11.20%</p>
</td>
<td valign="bottom">
<p align="center">7.80%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
</tr>
<tr>
<td colspan="6" valign="bottom">
<p align="center"><strong>TOWNHOUSES</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center"><strong>N.Delta</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Surrey</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>W.Rock</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Langley</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Abbots</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Jan ‘10</p>
</td>
<td valign="bottom">
<p align="center">$372,500</p>
</td>
<td valign="bottom">
<p align="center">$311,851</p>
</td>
<td valign="bottom">
<p align="center">$490,150</p>
</td>
<td valign="bottom">
<p align="center">$307,722</p>
</td>
<td valign="bottom">
<p align="center">$255,023</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Dec ‘09</p>
</td>
<td valign="bottom">
<p align="center">$218,000</p>
</td>
<td valign="bottom">
<p align="center">$323,534</p>
</td>
<td valign="bottom">
<p align="center">$479,883</p>
</td>
<td valign="bottom">
<p align="center">$319,358</p>
</td>
<td valign="bottom">
<p align="center">$259,139</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">70.90%</p>
</td>
<td valign="bottom">
<p align="center">-3.60%</p>
</td>
<td valign="bottom">
<p align="center">2.10%</p>
</td>
<td valign="bottom">
<p align="center">-3.60%</p>
</td>
<td valign="bottom">
<p align="center">-1.60%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Jan ‘09</p>
</td>
<td valign="bottom">
<p align="center">-</p>
</td>
<td valign="bottom">
<p align="center">$313,329</p>
</td>
<td valign="bottom">
<p align="center">$390,416</p>
</td>
<td valign="bottom">
<p align="center">$290,118</p>
</td>
<td valign="bottom">
<p align="center">$238,740</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">n/a</p>
</td>
<td valign="bottom">
<p align="center">-0.50%</p>
</td>
<td valign="bottom">
<p align="center">25.50%</p>
</td>
<td valign="bottom">
<p align="center">6.10%</p>
</td>
<td valign="bottom">
<p align="center">6.80%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center">
</td>
</tr>
<tr>
<td colspan="6" valign="bottom">
<p align="center"><strong>APARTMENTS</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">
</td>
<td valign="bottom">
<p align="center"><strong>N.Delta</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Surrey</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>W.Rock</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Langley</strong></p>
</td>
<td valign="bottom">
<p align="center"><strong>Abbots</strong></p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Jan ‘10</p>
</td>
<td valign="bottom">
<p align="center">$183,500</p>
</td>
<td valign="bottom">
<p align="center">$213,007</p>
</td>
<td valign="bottom">
<p align="center">$278,641</p>
</td>
<td valign="bottom">
<p align="center">$215,608</p>
</td>
<td valign="bottom">
<p align="center">$200,015</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Dec ‘09</p>
</td>
<td valign="bottom">
<p align="center">$268,000</p>
</td>
<td valign="bottom">
<p align="center">$211,712</p>
</td>
<td valign="bottom">
<p align="center">$319,348</p>
</td>
<td valign="bottom">
<p align="center">$217,794</p>
</td>
<td valign="bottom">
<p align="center">$187,219</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">-31.50%</p>
</td>
<td valign="bottom">
<p align="center">0.60%</p>
</td>
<td valign="bottom">
<p align="center">-12.70%</p>
</td>
<td valign="bottom">
<p align="center">-1.0%</p>
</td>
<td valign="bottom">
<p align="center">6.80%</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">Jan ‘09</p>
</td>
<td valign="bottom">
<p align="center">$190,000</p>
</td>
<td valign="bottom">
<p align="center">$192,454</p>
</td>
<td valign="bottom">
<p align="center">$283,850</p>
</td>
<td valign="bottom">
<p align="center">$195,553</p>
</td>
<td valign="bottom">
<p align="center">$145,260</p>
</td>
</tr>
<tr>
<td valign="bottom">
<p align="center">change</p>
</td>
<td valign="bottom">
<p align="center">-3.40%</p>
</td>
<td valign="bottom">
<p align="center">10.70%</p>
</td>
<td valign="bottom">
<p align="center">-1.80%</p>
</td>
<td valign="bottom">
<p align="center">10.30%</p>
</td>
<td valign="bottom">
<p align="center">37.70%</p>
</td>
</tr>
</tbody>
</table>
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		<item>
		<title>Housing supply and demand reach closer alignment in January</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/Hat3inACFdI/housing-supply-and-demand-reach-closer-alignment-in-january</link>
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		<pubDate>Thu, 04 Feb 2010 12:01:22 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Newsletter]]></category>

		<category><![CDATA[Vancouver Real Estate Board Update]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=318</guid>
		<description><![CDATA[VANCOUVER, B.C. – February 2, 2010 – Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 [...]]]></description>
			<content:encoded><![CDATA[<p>VANCOUVER, B.C. – February 2, 2010 – Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.</p>
<p>The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sales recorded in December 2009.</p>
<p>In terms of historical perspective, January ranked as an average month for number of residential housing sales over the past decade, with higher sales in January 2002, 2003, 2004, and 2006.</p>
<p>Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 17.2 per cent to $573,241 from $489,007 in January 2009. This price is 0.8 per cent above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411.</p>
<p>“Although home prices in the region have largely returned to their previous peaks, we still see a significant number of first-time and move-up buyers in the market, thanks to low interest rates and the diverse range of properties available today,” Jake Moldowan, REBGV president-elect said.</p>
<p>“There is also closer alignment between supply and demand in today’s housing market. At 18 per cent, the sales-to-active listings ratio in January is approximately 10 per cent lower than we’ve seen in our market over the last six months,” Moldowan said.</p>
<p>New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,147 in January 2010. This represents a 39.1 per cent increase compared to January 2009 when 3,700 new units were listed, and a 139.1 per cent increase compared to December 2009 when 2,153 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.</p>
<p>At 10,218, the total number of property listings on the MLS® increased 14 per cent in January compared to last month and declined 26 per cent from this time last year.</p>
<p>“Looking ahead, it’s difficult to know exactly what the Olympic effect will be on our market in February, although I think it’s fair to say it should be a quieter period for home buyers and sellers and so, in fact, may be a good time for motivated buyers to search for properties,” Moldowan said.</p>
<p>In January, sales of detached properties increased 141.4 per cent to 705 from the 292 detached sales recorded during the same period in 2009. The benchmark price, as calculated by the MLSLink® Housing Price Index, for detached properties increased 19.5 per cent from January 2009 to $788,499.</p>
<p>Sales of apartment properties in January 2010 increased 146.8 per cent to 891 compared to 361 sales in January 2009. The benchmark price of an apartment property increased 15.2 per cent from January 2009 to $385,487.</p>
<p>Attached property sales in January 2010 are up 200 per cent to 327, compared with the 109 sales in January 2009. The benchmark price of an attached unit increased 13.4 per cent between January 2009 and 2010 to $482,478.</p>
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		<item>
		<title>Active pre-Olympic housing market in the Fraser Valley</title>
		<link>http://feedproxy.google.com/~r/LangleyBcRealEstateHousesCondominumsAndTownHomes/~3/qE4JJkYHhdU/active-pre-olympic-housing-market-in-the-fraser-valley</link>
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		<pubDate>Thu, 04 Feb 2010 12:00:21 +0000</pubDate>
		<dc:creator>Andrew Szalontai</dc:creator>
		
		<category><![CDATA[Fraser Valley Real Estate Board Update]]></category>

		<category><![CDATA[Newsletter]]></category>

		<guid isPermaLink="false">http://www.mylangleyrealestate.com/?p=315</guid>
		<description><![CDATA[For immediate release: February 2, 2010
(Surrey, BC) – The Fraser Valley experienced a return to typical home sale levels plus an early surge in new listings in January, according to the latest figures from the Fraser Valley Real Estate Board.
Paul Penner, President of the Board said, “Compared to last January, the market has returned to [...]]]></description>
			<content:encoded><![CDATA[<p>For immediate release: February 2, 2010</p>
<p>(Surrey, BC) – The Fraser Valley experienced a return to typical home sale levels plus an early surge in new listings in January, according to the latest figures from the Fraser Valley Real Estate Board.</p>
<p>Paul Penner, President of the Board said, “Compared to last January, the market has returned to balance. Consumers continue to take advantage of the affordability created by lower interest rates.”</p>
<p>There were 981 sales processed on FVREB’s Multiple Listing Service® (MLS®) in January, an increase of 152 per cent compared to the same month last year when 389 sales were processed. There was also a 46.8 per cent increase in new listings, 2,941 compared to 2,003 during January last year.</p>
<p>On a month-to-month basis, sales decreased 22 per cent in January compared to December, while new inventory more than doubled, going from 1,453 new listings in December to 2,941 in January. This increased overall inventory by 14 per cent in one month.</p>
<p>Penner added, “If I were house-hunting right now, I’d be pretty excited. There is more selection and potentially less competition over the next few weeks.</p>
<p>“Some buyers will put their house-hunting on hold during the Olympics creating an advantage for those who don’t want to wait.”</p>
<p>While residential benchmark prices, as determined by the MLSLink Housing Price Index (HPI), continued to recover, they remain 3 per cent lower than in spring 2008. The price in January for the three main residential property types combined was $446,671 compared to $460,682 in May 2008.</p>
<p>In one year, the benchmark price for detached homes in the Fraser Valley increased by 10.8 per cent going from $452,145 in January 2009 to $500,931 in January 2010.</p>
<p>The benchmark price of Fraser Valley townhouses in January was $317,719, a 7.6 per cent increase compared to $295,339 in January 2009. The benchmark price of apartments increased by 10.4 per cent year-over-year going from $220,595 in January 2009 to $243,470 in January 2010.</p>
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