Rob Blair : RE/MAX Colonial Pacific Realty : Archived blog posts for : August 2022

New property listed in Abbotsford East, Abbotsford

Posted on August 30, 2022 by Rob Blair

Posted in Abbotsford East, Abbotsford Real Estate

New property listed in Abbotsford East, Abbotsford

I have listed a new property at 34751 DELAIR RD in Abbotsford.

South facing remodelled basement entry home with beautiful Valley and Mt. Baker views. Featuring living and family rooms, large kitchen with Stainless Steel appliances and a huge Island, 3 bedrooms up with a fourth down for the upper, 3 full bathrooms including the one in a brand new 1 bedroom suite which is in the process of becoming authorized. Looking for a shop? It is here already and at 18' x 44' with 14 foot high ceilings, a car hoist, and 220 power you are good to go! Nice sized 8133 sq.ft. yard with spacious multi level decking and a covered hot tub.

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New property listed in Brentwood Park, Burnaby North

Posted on August 24, 2022 by Rob Blair

Posted in Brentwood Park, Burnaby North Real Estate

I have listed a new property at TH-5 4182 DAWSON ST in Burnaby.

See details here

Rarely available townhouse in Tandem 3 in the heart of North Burnaby's fast growing Brentwood Park community. Only minutes walk away from Gilmore Skytrain Station, Brentwood Mall, restaurants, and only a short commute away from SFU and downtown Vancouver! The clean and tastefully updated interior boasts two bedrooms, two bathrooms, newer kitchen stainless steel appliances, new washer and dryer, MYSA smart home, storage locker, and two dedicated, secured parking stalls at your back door through your own mud room . Top the list off with high vaulted ceilings, floor to ceiling windows with electric blinds, multiple outdoor patio areas, nice lawn space as well! Amenities include hot tub, sauna, exercise center and a rooftop garden for entertaining. Pet and rental friendly.

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Fraser Valley July 2022 Stats are in!

Posted on August 3, 2022 by Rob Blair

Sales slide for fourth straight month as rising interest rates put brakes on Fraser Valley real estate market

SURREY, BC – The Fraser Valley real estate market saw sales fall again in July in the face of continued interest rate hikes, as the government struggles to bring inflation under control.

In July, the Fraser Valley Real Estate Board (FVREB) processed 993 sales on its Multiple Listing Service® (MLS®), a decrease of 22.5 per cent from the previous month and a 50.5 per cent drop compared to July 2021, when the province was still in acute pandemic mode. July new listings totaled 2,385, a 28.4 per cent decrease compared to June and a decrease of 1.9 per cent compared to July 2021.

Active listings, at 6,413, remained relatively unchanged from June and were up 30.9 per cent over last July — bringing the sector into balance for townhomes and detached homes (sales-to-active ratios: 18 per cent and 12 per cent, respectively); and favouring sellers slightly for apartments (28 per cent). The market is considered balanced when the sales-to-active ratio is between 12 per cent and 20 per cent.

The weaker demand resulted in prices dropping for the fourth consecutive month, most notably for detached homes which ended the month with a benchmark price of $1,594,400, down 3.5 per cent from last month and by 10.2 per cent since peaking at $1,776,700 in March. Residential combined properties benchmark prices are still up year-over-year by 18.1 per cent.

“It is important to keep in mind that real estate is and always will be an asset with considerable upside over the long-term,” said Fraser Valley Real Estate Board President, Sandra Benz. “As prices come down from the highs of recent months, there are opportunities for buyers who have been waiting to re-enter the market and shop for the right property."

Across the Fraser Valley in July, the average number of days to sell a single-family detached home was 24 and a townhome was 19 days. Apartments took, on average, 21 days to sell.

“With rising interest rates and uncertainty in the market, it is even more important to seek out the guidance of a professional REALTOR®,” said Board CEO, Baldev Gill. “Their ability to tap into the latest data and market intelligence — down to the neighbourhood level — allows buyers and sellers to make informed decisions about one of the largest transactions they’ll ever make.”

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Rob Blair

New property listed in Abbotsford East, Abbotsford

New property listed in Brentwood Park, Burnaby North

Fraser Valley July 2022 Stats are in!

Sales slide for fourth straight month as rising interest rates put brakes on Fraser Valley real estate market

Rob Blair

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