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D'Arcy Hamilton
Multiple Realty Ltd
2298 Kingsway, Vancouver, BC
P: 604-434-1431  F: 604-434-9433
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Tuesday, June 16, 2009 - Market update



The northwestern portion of Lulu Island in Richmond is the second hottest real-estate market in the Lower Mainland, according to Century 21.
Photograph by: File photo by Ric Ernst, The ProvinceCentury 21 released results of a survey today indicating that a Langley neighbourhood is the hottest real-estate market in the Lower Mainland.

The neighbourhood lies directly south of the Trans Canada Highway betwen 196tyh and 248th Streets, and has seen average home prices increase by 15.46 per cent between March and April.

Other hot neighbourhoods in Century 21's top 10 include northwest Richmond, Vancouver's West End, Kitsilano and Port Moody.

Meanwhile, the B.C. Real Estate Association reported today that sales in May were up three per cent from May, 2008. It's the first time since December, 2007, that there has been a year-over-year increase in sales.

What do you make of these recent real-estate numbers? Is the freefall over? Use the comments section below. And let us know if you've had a first-hand experience buying or selling this spring by e-mailing tabtips@theprovince.com.

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posted in General at Tue, 16 Jun 2009 10:03:29 -0700



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