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GARBUTT + DUMAS REAL ESTATE TEAM
630 Fifth St
New Westminster, BC, V3M 2X9
604.805.3115
info@gdrealestate.ca




James Garbutt

Greater Vancouver housing market favoured buyers in June

Wednesday, July 4, 2012

VANCOUVER,BC – The number of residential property sales hit a 10-year low in Greater Vancouver for June, while prices remained relatively stable.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales in June 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012.

June sales were the lowest total for the month in the region since 2000 and 32.2 per cent below the 10-year June sales average of 3,484.

“Overall conditions have trended in favour of buyers in our marketplace in recent months,” Eugen Klein, REBGV president said. “This means buyers are facing less competition and have more selection to choose from compared to earlier in the year.”

Click here for full article

Top Tips to sell your home!

Here are our top tips for prepping your home to sell.

1) Clean your home: A quick clean can do wonders and will leave a great impression on possible buyers. A nice light fresh scent and bright clean windows make your home inviting and comfortable. Remember that the scent of your home shouldn’t be the first thing they notice so keep it simple.

Here are a couple ideas for air fresheners:
-Put a pot of warm water on the stove at a low temp. Add your favorite spices or fruit (ie. Vanilla & Lemon, or Cinnamon & Orange)
-Scented candles are great to add a coziness and comfort as well as a fresh scent. Just make sure they are placed somewhere safe.
-Essential Oils are perfect for a set-up-and-go option. Add the oils to dried flowers, decorative sand, or decorative soaps.

Click here for some great thorough house cleaning tips from Style at Home.

2) De-clutter: Less is definitely more and this can be hard because it may make you feel less comfortable in your own home but it will allow possible buyers to see their life in your space. Anything that is distracting to the overall space should be stored elsewhere. Pictures, children’s art work, business papers, etc… should be put out of sight to allow for your home to have a welcoming feel.

Check out the links below for great Home Staging tips.
Staging your home for sale
How to stage your home

3) Paint it: It will give your walls a great face-lift and with the right color could open up & brighten your home as well. Keep in mind that you want to appeal to many people so the color should be subtle. Natural earth tones, soft grays, pastels, whites, and beige’s are great options that allow you to add color with accessories.

Check out the links below for Painting tips and tricks.
Style at Home
Top Paint colors when selling your home
Benjamin Moore color tips

To find cheap paint or home accessories to help stage and decorate your home check out Re-Store. They have gently used furniture, decor, and paint that wont break the bank. Plus all proceeds go to Habitat For Humanity.

If you have furniture and items that you need to donate or get rid of check out our blog on  ‘How to get rid of unwanted items and furniture.’

#117- 836 12th St New Westminster London Place Condos (Moody Park)

LONDON PLACE – Spacious 1 bed/1bath corner unit w/ 2 patios! Completely renovated throughout inluding new flooring, moulding, paint, and light fixtures. 2 great patios (Kitchen patio faces south with river views & Living Room patio facing east with great light.) as well as renovated kitchen with all new appliances, counters, tile backsplash, and cabinets. Bathroom includes all new jacuzzi tub, tile toilet, mirror, vanity, and sink. Suite has in-suite storage (den) as well as storage locker and 1 parking stall.
15 min walk to Moody Park, Royal City Shopping Centre, restaurants, and more.

For complete listing click here.

MLS Feature Sheet 117 836 12th St

May 2012 Real Estate Board of Greater Vancouver Stats.

Spring activity remains balanced in the Greater Vancouver housing market.

VANCOUVER, B.C. – June 4, 2012 – The number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,853 on the Multiple Listing Service® (MLS®) in May 2012. This represents a 15.5 per cent decline compared to the 3,377 sales recorded in May 2011.
May sales were the lowest total for the month in the region since 2001 and 21.1 per cent below the 10-year May sales average of 3,617. However, sales have been constant throughout the spring months, with 2,874 sales in March and 2,799 sales in April.
“Home sellers have outpaced buyers in recent months, however, there continues to be an overall balance between supply and demand in our marketplace,” Eugen Klein, REBGV president said.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 6,927 in May 2012. This represents a 16.8 per cent increase compared to May 2011 when 5,931 homes were listed for sale and a 14.4 per cent increase compared to April 2012 when 6,056 homes were listed for sale on the region’s MLS®.
Last month’s new listing total was 15.3 per cent above the 10-year average for listings in Greater Vancouver for May.
At 17,835, the total number of homes listed for sale on the region’s MLS® increased 7.9 per cent in May compared to last month and increased 21 per cent from this time last year.
“Our sales-to-active-listing ratio sits at 16 per cent, which is indicative of balanced market conditions,” Klein said. “As a result of this stability, home prices at the regional level have seen little fluctuation over the last six month.”
The MLS® HPI benchmark price* for all residential properties in Greater Vancouver currently sits at $625,100, up 3.3 per cent compared to May 2011 and up 2.4 per cent over the last three months. The benchmark price for all residential properties in the Lower Mainland** is $558,300, which is a 3 per cent increase compared to May 2011 and a 2.3 per cent increase compared to three months ago.
Sales of detached properties on the MLS® in May 2012 reached 1,180, a decline of 24.8 per cent from the 1,570 de- tached sales recorded in May 2011, and a 6.1 per cent decrease from the 1,256 units sold in May 2010. The benchmark price for detached properties increased 5.1 per cent from May 2011 to $967,500.
Sales of apartment properties reached 1,156 in May 2012, a decline of 5.9 per cent compared to the 1,228 sales in May 2011, and a decrease of 14.6 per cent compared to the 1,354 sales in May 2010.The benchmark price of an apart- ment property increased 1.7 per cent from May 2011 to $379,700.
Townhome property sales in May 2012 totalled 517, a decline of 10.7 per cent compared to the 579 sales in May 2011, and a 5.3 per cent decrease from the 546 townhome properties sold in May 2010. The benchmark price of a
townhome unit increased 0.9 per cent between May 2011 and 2012 to $470,000.
Click here to download the full package REBGV Stats Package May 2012

Market Update for Burnaby East Spring 2012.

January 1st – June 1st market update for Burnaby East

60 Detached Houses have been sold, average sale price is $835,000 with an average days on market at 35.

39 Townhomes have been sold, average sale price is $444,400 with an average days on market at 30.

26 Condos have been sold, average sale price is $422,500 with an average days on market at 34.

Community News:
Edmonds Community Centre is almost up and running, this centre houses a new leisure pool with all the amenities, fitness area, gymnasiums, youth centre, seniors centre, coffee bar, and more.

2 exciting developments as well. ‘Vibe’ by SVM Homes is great urban modern living and ‘Reflections’ by Ledingham McAllister are sleek contemporary city condos.

For more info on the the new Edmonds Community Centre, ‘Vibe’, or ‘Reflections’ click here.

If you are thinking of making a move in Burnaby East please give us a call.

Market Update Spring 2012 for The Quay New Westminster.

New West Quay Market is open and the boardwalk is busy. Great new restaurant ‘Wild Rice’ which features modern chinese cuisine. Pier Park also offically opens June 16th with a grand opening party.
New West Station Mall is coming to life! Safeway, Shoppers, Landmark Cinemas, CIBC, and A&W are all open for your shopping enjoyment.
Here are the most recent MLS Stats from Jan. 2012 – May 2012.
Townhomes: 2 Sold
Average Sale Price: $338,800
Average Price per Square Foot: $349
Average Days on the Market: 29

Condos: 50 Sold
Average Sale Price: $351,000
Average Price per Square Foot: $349
Average Days on the Market: 35

Highest Sold Townhome: $347,000
Highest Sold Condo: $480,900

If you are thinking of making a move in New Westminster Quay please give us a call

Click here for more information about the New West Station Mall ‘The Plaza’.

SOLD! #1107 610 Victoria St, New West (Downtown)

THE POINT – Great Building & Great Location!! 2 Beds & 2 Full Baths corner suite with Large Balcony facing North East with Fraser River & Mountain Views!! This Suite features engineered hardwood flooring, stainless steel appliances, granite counters, electric fireplace, large master bedroom suite with walk-through closet, open floor plan, spacious kitchen with lots of cabinets, floor-to-ceiling windows bringing in plenty of natural light. Amenities include: indoor pool, hot tub, sauna, exercise room, lounge, media room…. Pets allowed with restrictions, rentals allowed. 1 parking stall included. Central location, steps to starbucks, shops, restaurants, Skytrain & NW quay Market.

SOLD 1027 Hamilton St., New Westminster (Moody Park)

Impressive 3 level 2472sqft home built in 2011 (by reputable builder), 2-5-10 yr warranty. Located on a quiet street just steps from Lord Kelvin Elementary School & Moody Park. This home has 3 bed+den & 2 bath UP. BSMT has huge media room w/ bar & office (potential 4th Bedroom) or potential for 1 bedroom suite with separate laundry & entrance. Features include wide plank oak HW floors, maple cabinets & caesarstone counters, stainless steel appliance w/ gas range, gas fireplace w/ stone surround. Enjoy entertaining guests on the large patio with natural gas hook up for BBQ, private back yard w/ great landscaping with apple trees. 2 Car Detached Garage w/ lane access. No HST!

#312 7180 Linden Ave, Burnaby BC

This Spacious Top Floor 940 sq ft condo boasts 2 bedrooms + den & 2 bathrooms, new carpets & is freshly painted. Relax on your sunny SOUTHWEST facing HUGE 30′ x 4’5 wrap around balcony. The building was recently re-piped in 2009! FANTASTIC central location near High Gate Mall, Edmonds Skytrain Station, Library, bus, schools, upcoming  aquatic/community facility, restaurants & Metrotown.  The rec room has a pool table, workshop & sauna down.  Maintenance fee INCLUDES HEAT & HOT WATER! 1 parking stall & a locker. Sorry no pets or rentals.

#406 1 Renaissance Sq., New Westminster (The Q)

Welcome to “Q” located on the New West Quay & built by Aragon in 2009. This 1 bdrm, 1 bathroom suite faces West overlooking the Renaissance Square courtyard. Kitchen features a gas range, granite counters & S/S appliances, master suite has cheater ensuite, living room feature electric fireplace & lots of windows. Enjoy the open concept floor plan & large balcony which is great for entertaining. Prime location on the west side of the New West Quay, steps to the dog park, quay boardwalk, 10 min walk to New West Skytrain & Quay Market. Currently rented until Oct 2012 for $1150/month. Great for investors or first time buyers!

#101 14 E Royal Ave, New Westminster (Victoria Hill)

WOW! VICTORIA HILL master planned community by Onni.This suite & RAINSCREENED building have it all! OUTSTANDING,IMMACULATE,QUIET 1236 sf 3 bed/2 bath(both ensuites)condo.Ground floor(townhome feel)unit features your own large private yard perfect for kids/entertaining/dog owners!GORGEOUS Fraser River views,2 side by side parking spaces+locker.Luxurious finishing incl:Granite counters,high 9+ft ceilings,S/S appliances,Gas stove, large private bedrooms,huge master closet w/spa like ensuite.IN BUILDING amenities:Guest suite/gym/pool table/ party room.LOW STRATA Fees!Walk or Shuttle Bus to Douglas College,shops,GREAT schools,transit,Canada Games Pool. Steps to Queen’s Park. You’ll love all that New West has to offer! REA Full Realtor 19-Mar-12 12:55 PM The enclosed information while deemed to be correct, is not guaranteed. PREC* indicates Personal Real Estate Corporation. New Westminster, Fraserview NW Residential Attached