Hello and welcome to our December 2014 Newsletter.
As 2014 comes to a close, we would like to take this opportunity to wish you all a Merry Christmas and Happy New Year. We wish you all the best over this holiday season and the New Year ahead.
As always, thank you for taking the time to read our monthly PGREM update, we hope that it proves to be informative for you.
While many people think that the real estate market winds down after the first week of December, this was not the case this year. Our team at PGREM was busy with both Buyers and Sellers up to a few days before Christmas. The real estate market this year really didn’t seem to want to take a break, even for the holidays.
Sold: 23640 Bryant DHighrive, Maple Ridge, BC
Pinnacle Group Real Estate Marketing is pleased to announce the sale of 23640 Bryant Drive in Maple Ridge, BC. This beautiful custom built home by quality builder Kyron Homes is located on a gorgeous corner lot that takes advantage of the city lights and beyond. Featuring a grand great room with 18ft ceilings and an abundance of windows al lowing natural light. The open concept floor plan features a fantastic bright white kitchen with s/s appliances, beautiful cabinetry, gorgeous tile backsplash and granite. The dining area with custom millwork leads to a large covered patio. Upstairs you will find three oversized bedrooms. The master features a true spa like ensuite complete with a large walk in closet and jetted tub. Congratulations to both of our clients of this wonderful home.
Accepted Offer: 19468 70th Ave, Cloverdale, BC
Pinnacle Group Marketing is pleased to announce an accepted offer for 19468 70th Ave in Cloverdale, BC. From the moment you step inside this gorgeous family home you will be impressed with the quality of construction, level of finishing, and thoughtful details throughout. The main floor boasts an open concept floor plan, beautiful handscraped maple flooring, elegant 5″ coved ceiling molding, a spectacular custom fireplace feature wall, a fabulous gourmet kitchen that is an entertainers delight featuring a large centre island with wine display, a Thermador gas hood range, top of the line stainless appliances and beautiful oversized maple cabinetry. Step outside to your private deck overlooking greenspace and the mountains beyond. Upstairs offers three generous bedrooms featuring a luxurious master retreat complete with a spa like ensuite, vaulted ceilings and private covered deck with beautiful views that is a perfect place to escape with a book. Downstairs offers a huge recreation room and two additional bedrooms. A 1-bedroom coach house mortgage helper completes this perfect family home that is located next to Katzie Elementary School & Park and just minutes away from central Langley’s shopping and transportation.
Real Estate Update
Home buying demand did not let up across Metro Vancouver in November, as activity remained strong in what is traditionally a quieter time of the year for real estate activity.
“It’s been a more active fall than we typically see in the Metro Vancouver housing market,” Ray Harris, REBGV president said. “Home prices across the region have experienced steady gains in 2014 of between three and seven per cent depending on property type.”
The Real Estate Board of Greater Vancouver (REBGV) reported that residential property sales in Greater Vancouver reached 2,516 on the Multiple Listing Service® (MLS®) in November 2014. This represents a +8.4% increase compared to the 2,321 sales recorded last year in November 2013.
New listings for detached, attached and apartment properties in Metro Vancouver totaled 3,016 in November. This represents a 7.1 per cent decrease compared to the 3,245 new listings in November 2013 and a 32.8 per cent decline from the 4,487 new listings in October.
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,553, a 10.2 per cent decline compared to November 2013 and a 9.4 per cent decrease compared to October 2014.
“This is traditionally a low inventory time of year, so it’s a good time to list your home for sale if you want to face less competition in the marketplace,” Harris said.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $637,300. This represents a +5.7% increase compared to November 2013.
2015 – Pinnacle Group Real Estate Marketing
We have a lot of exciting things coming next year. In 2015 we will launch our new website and introduce our new branding as well as a name change.
PGM will become Pinnacle Group Real Estate Marketing. We look forward to sharing all these changes with you in the New Year.
Listen to Andrea Jauck of PGM weekly, on the Radio Real Estate show with Tom Lucas and Sheri Brown, every Saturday morning from 10:00-11:00am on AM650 radio across the Lower Mainland.
Radio Real Estate
At PGREM, our marketing efforts are geared to helping you achieve your real estate buying and selling goals. Whether you’re looking to invest, downsize, upsize, or relocate, we can help.
If you, a family member or a friend have any questions or would like to discuss your real estate needs, please do not hesitate to contact me directly.
I look forward to hearing from you!
Andrea Jauck / Pinnacle Group