According to the National Association of Home Builders’ Consumer Preferences survey, these are the features most in demand among today’s buyers.
Top 5 Kitchen Features
1. Walk in pantry: 86 percent
2. Island work area: 80 percent
3. Special use storage (custom made for appliances): 66 percent
4. [...]
Archive for the ‘Useful Information’ Category
Top 5 Preferences for Kitchen, Bathroom, and More
Posted in Useful Information on January 21, 2009 | Leave a Comment »
Provincial real estate sales down by one-third in 2008
Posted in Useful Information on January 12, 2009 | Leave a Comment »
The British Columbia Real Estate Association reported today that the decline in real estate markets didn’t just affect the Lower Mainland phenomenon in 2008 as the province as a whole saw sales drop by one-third .
Realtors recorded 68,923 sales across B.C. through the Multiple Listing Service, their lowest level since 2000, the BCREA said, when [...]
Nine Real Estate Trends in 2009
Posted in Useful Information on January 5, 2009 | Leave a Comment »
According to an article published by RISMedia, there are nine real estate trends to watch this year. While specific to the Chicago market I think they are common to many cities in North America.
1. Less, With More. Single-family homebuilders are predicting the continued movement toward smaller homes, with many buyers opting for [...]
U.S. homes to lose over $2 trillion in value during 2008
Posted in Useful Information on December 16, 2008 | Leave a Comment »
According to analysis of recent Zillow Real Estate Market Reports, home values declined 8.4% year-over-year during the first three quarters of this year, compared to the same period in 2007.
U.S. home values lost $1.9 trillion from the first of the year through the end of the third quarter, and were likely to fall further in [...]
U.S. Court Ruling: Square Footage Must Be Accurate
Posted in Useful Information on November 21, 2008 | 1 Comment »
I am not sure what the law is in Canada, but I thought this was an interesting article excerpted from Realtor Magazine Online.
A Texas appeals court has upheld the principle that size matters in a case in which the square footage of a home sold in the central part of the state wasn’t what was [...]
Wealthiest Postal Codes in Vancouver
Posted in Useful Information on October 15, 2008 | 1 Comment »
Rank
Postal code
Local community area
City
Reporting population
2008 average property value
2006 median employment income
2006 average employment income
2006 average total income
1
V7W
Eagle Ridge/Glen Eagles/Caulfield
West Vancouver
6,210
$1,270,980
$38,006
$71,886
$118,602
2
V7V
West Vancouver Waterfront
West Vancouver
11,550
$1,910,752
$29,274
$51,861
$92,962
3
V6H
Shaughnessey East
Vancouver
15,110
$2,291,039
$39,597
$49,971
$71,943
4
V6R
Point Grey
Vancouver
13,160
$1,778,214
$36,000
$50,571
$76,337
5
V6J
Shaughnessey West
Vancouver
15,510
$2,291,039
$38,324
$45,092
$66,144
6
V6N
Southlands
Vancouver
10,340
$1,592,514
$30,929
$51,117
$80,208
7
V7G
Deep Cove/Dollarton
North Vancouver Dist
8,040
$862,920
$40,248
$51,001
$66,156
8
V7S
British Properties/Cypress Park
West Vancouver
7,800
$1,600,182
$29,250
$46,958
$86,625
9
V6S
UBC South
Vancouver
6,150
$1,592,514
$35,238
$45,154
$63,156
10
V6Z
Downtown South
Vancouver
11,260
$1,244,433
$38,397
$44,740
$61,462
11
V7R
Capilano
North Vancouver Dist
10,740
$936,892
$34,595
$46,068
$67,016
12
V6K
Kitsilano
Vancouver
17,510
$1,238,133
$38,625
$43,101
$56,550
13
V5Z
South Shaughnessy
Vancouver
16,440
$2,291,039
$36,880
$36,876
$53,683
14
V6E
West End
Vancouver
18,690
$907,630
$33,652
$40,138
$58,576
15
V7T
Park Royal
West Vancouver
6,700
$1,218,808
$26,182
$39,768
$64,993
16
V6M
Kerrisdale
Vancouver
12,970
$1,417,410
$26,896
$35,344
$63,031
17
V6L
Arbutus Ridge
Vancouver
8,030
$1,414,730
$29,193
$35,730
$57,966
18
V7N
Upper Lonsdale
North Vancouver Dist
10,680
$893,529
$31,724
$39,448
$56,003
19
V7K
Lynn Valley
North Vancouver Dist
8,700
$764,908
$36,531
$39,315
$50,504
20
V7H
Blueridge/Seymour Heights
North Vancouver [...]
Helping the U.S. Housing Market – How Much Is $700 Billion Anyways?
Posted in Useful Information on September 23, 2008 | Leave a Comment »
The proposed financial bailout package being considered by lawmakers will come at a cost of as much as $700
billion.
To put it in perspective, using numbers from the U.S. Census, the $700 billion is equal to:
About $2,300 per American
About $6,000 per U.S. household
About 85 percent of the New York State economy
The combined economies of all U.S. [...]
4 Tips for Selling a House in a Buyer’s Market
Posted in Useful Information on August 29, 2008 | Leave a Comment »
House prices are falling across Canada and there are more homes for sale than there are buyers. That’s bad news for sellers, because buyers feel free to make lowball offers and then just wait. It’s a buyer’s market, but don’t despair.
1. Face Reality and Then List Your Home
A successful home sale begins before the house [...]
Perfect Home for Pets?
Posted in Useful Information on July 29, 2008 | 1 Comment »
There is a house for sale on a web site called Redfin that caught my interest, but I’m worried about the shape of the backyard.
This is the actual photo of the eating area:
Here is the actual listing. Click on the photo for a larger image:
4 Housing Upgrades That Don’t Pay
Posted in Useful Information on July 15, 2008 | Leave a Comment »
Before you dive into a major renovation project to give a house your special signature, consider how long you’re likely to stay.
“Where a lot of people get into trouble is that they go into a home that they’re only going to be in for a relatively short period of time, and they start doing renovations [...]
