BC Home Sales Edge Lower in July: BCREA
Vancouver, BC – August 11, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 
12.9 per cent to 6,533 units in July compared to the same month last year. The average MLS® residential price climbed 10 per cent to $540,877 last month compared to July 2010.
“BC home sales edged down 4 per cent from June to July, on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist. “Less frenetic buying activity in Vancouver operated to pull total provincial sales lower.”
“The silver lining in the recent global economic uncertainty is that mortgage rates have the potential to reach record lows in the coming weeks as investors flock into bond markets,” added Muir. “The increased affordability and added purchasing power from lower mortgage rates will help bolster housing demand.”
Year-to-date, BC residential sales dollar volume increased 16.5 per cent to $28.2 billion, compared to the same period last year. Residential unit sales increased 1 per cent to 48,628 units, while the average MLS® residential price rose 15.3 per cent to $579,645 over the same period.
Spacious level entry view unit in Juniper Heights. Quality finishing throughout this 4 level split with a nice open floor plan on the main floor, a gas fireplace, central vac and single car garage with 2nd parking spot included. Beautiful wood cabinetry in the kitchen and bathrooms. 3 large bedrooms, two full bathrooms, many pot lights, tons of storage, two spacious decks that are both covered and a low maintenance yard. New heat pump 2009 (central a/c). Plumbed for a wet bar in the rec room, separate entrance into the rec room with side access. RV & boat storage on site. No work needed, just move in and enjoy. Close to parks, transportation, school and hiking trails. No age restrictions in this strata and pets allowed. Low bare land strata of $114 per month.
Beautiful Batchelor heights home on quiet end of Grasslands with unobstructed river views and a ton of extras. The main floor features a large kitchen and dining room area that leads to the private beautifully landscaped yard with hot tub. The living room has vaulted ceilings and has views up the North Thompson River and surrounding mountains. The master bedroom is spacious and has a large walk in closet and 3 piece ensuite. There are two other bedrooms on the main floor and a lot of closet storage space in all the rooms including the main bathroom. The basement has a bedroom off of the main foyer, a large rec room with gas fireplace, a big 5th bedroom, large storage room, a four piece bathroom and a 9 X 9 laundry room with folding table, laundry sink and storage. The back yard has a pond with waterfall, a large covered hot tub and spacious patio area (cedar & paving stone). The lot goes past the back retaining wall. Heated double garage with 220. In-ground Sprinklers, central A/C (3 ton unit), HE furnace & hot water tank, heavy duty garburator, monitored security system ($28/month) and RV parking. A lot of care and expense went into putting this full package together; don’t pass this great home up.