Vancouver Sees Staggering 52 Per Cent Rise in House Sales in August 2013

First it was Toronto that released its figures for house sales in August, and then just hours later came the news from Vancouver and its sales for homes. When the Real Estate Board in Toronto announced Toronto house sales were up by 21%, it certainly raised a few eyebrows. But then when Vancouver’s sales figures were announced and we had a 52% rise, it must drawn many to take in a sharp intake of breath.The figures compare to those from last year, so property sales are up 52% on the figure they were at in August 2012. Buyers have long feared that one day there will be another round of tightening up of mortgage rules, and it has been for that reason that house sales across Canada have been a little suppressed. But those fears are clearly beginning to ease now and suddenly there has been a glut of home buying in many of Canada’s major cities.Moreover, it’s not just the luxury home market that has taken off at a pace. Sales are strong in virtually all home sectors including apartments, condos, town houses and luxury homes. Vancouver is well known for its luxury homes with many of the waterside properties boasting 7 or 8 bedrooms and just as many bathrooms. In fact the average in Greater Vancouver was placed at just over $601,000, which is actually a slight drop from the figure it was compared to August 2012. Compared to Toronto where the bench mark price was actually on the up by nearly 6% to just over $503,000, Vancouver still has seen a healthy interest in the housing market.The increase in sales is still expected to continue unabated despite tighter lending restrictions and rising household debts. It’s thought many in the real estate business and the home buying market are starting to feel a housing price boom to begin at some point in the next two years.There is no doubt that the Real Estate Board of Greater Vancouver believes the city’s housing market is looking much healthier than it was this time last year. The sales boom in August comes as figures in the month of July were actually down. House sales in Vancouver were 16% lower in July 2013 on the same period earlier. The figures also noted that there were 8% fewer properties listed in August than on the previous year.

Incline Village Sales Report for January, 2014

Single family home sales for January were strong with 18 total sales, 12 of which were over $1 Million including 2 lakefront sales over $10 Million. 565 Lakeshore sold for $10.99 Million and 881 Lakeshore sold for $13 Million. There are another 14 homes pending, with 8 listed for over $1 Million, and one home at 703 Champagne listed at $14.99 Million. Average sales price is $2.5 Million at $568 per square foot. There are another 99 active homes listed, averaging $3.2 Million at $736 per square foot.With nearly 70% of the homes sold over $1 Million in January, we are seeing a high number of luxury homes on the Incline Village market. The trend in lakefront home sales continues, including 2 of the 18 homes sold fronting Lake Tahoe over $10 Million.Condos sales for January were also strong with 6 total sales, 2 of which were over $1 Million including one lakefront at Crystal Shores East and one at Third Creek. There are another 17 condos pending, with 1 listed for at $7.5 Million at 3839 Stillwater Cove. As of February 3 this condo has sold for $6.725 Million, the highest priced condo sale since at least 2003. Average sold price is just over $600,000 at $385 per square foot. There are another 61 condos listed for sale, averaging just over $623,000 at $343 per square foot.The high number of pending sales for condos should bring an uptick in the number of sales for the coming month. 12 of the 17 pending sales are between $300,000 and $500,000, so the average sales price should drop with the exception of the Stillwater Cove sale to be included in February’s sales numbers.PUD’s, or freestanding townhomes, had only 2 sales this past month at $330,000 and $625,000, both in Tyrolian Village. There are 5 sales pending, with one at 220 The Glen listed for $2,149,000. The average sales price is $477,000 at $253 per square foot. There are another 19 PUD’s listed, averaging just under $800,000 at $354 per square foot.Like condo sales, the higher number of pending sales should mean more sales in February.Inventory may seem to be depleting quickly, but this is due to fewer listings being available on the market during our winter season. Many owners prefer to withdraw their listings in winter, yet we see serious buyers still looking and purchasing during the slower months. This can also impact sales prices, as buyers have fewer choices enabling sellers to hold closer to list price. Overall, luxury property sales are very strong in Incline Village for the start of 2014.Data from the Incline Village MLS, deemed reliable but not guaranteed.

An Overview on Seized Property Auction

Everyday, there are nearly a hundreds of government seized property sale event happening in every corner of the county. In these seized property auctions the value of the property will be as low as 90% off the bazaar value.The majority of banks and government organizations do not feel like to keep the property with them for long as they will have to spend money on the maintenance of the house, so they are prefer to sell it as soon as possible at filth cheap prices at these seized property auctions. There is no Problem in locating where these kinds of auctions taking place are. It can be easily located where are they held and what’s for sale as well. Nearly all of them are promote it on TV or even in the newspapers.There are so many sites which provide an online updating in a catalogued and list all the house programmed for auctions in each state and county and are updated every day only with a click of a mouse.Here are some guidelines you are supposed to take note when bidding on seized real estate auctions.Auction for seized real estates carried out by the government are presented with big discounts. There are two ways to accomplish your plan of purchasing a house through auction. Initially, you can verify auction agenda at newspapers, online listings and associates. If you are confident with this, you can be present at the auction in order to be familiar with the nuts and bolts and dealings. As recommended, that it is not essential to take part the bidding at once, following your primary auction presence. Learn the procedure first, experiential what other purchaser do and don’t be uncertain to lift up your query if there is something that you cannot identify with.Secondly, if you have knowledge about the internet, there is no requirement to anguish yourself towards presence in auctions. Take away the attempt of evaluation in newspapers just log on for updated auction schedules at the auction listing websites. It will have an extensive collection of real estates information of auction presented. With inclusive information of seized real estates being auctioned are put on view. Report of the property, cost, the person, company presenting such auction and even pictures are made obtainable for you to make a decision.Make a note that images are not the source of immense buying a home. You can converse primary with the person who is assign or dealing manager. If you are paying attention, then you can have the same opinion with the definite property visit. Test out the property from place to place, estimate the price opposed to the alteration it requires. Well, if mutually parties have the same opinion with the standard necessities, then following procedures will be followed.