Posted on
April 24, 2015
by
Rudi Widdershoven
Watch the VIREB (Vancouver Island Real Estate Board) Market update for March 2015.
If you have any question do not hesitate to give us a call!
Posted on
April 6, 2015
by
Rudi Widdershoven
March end statistics are showing that in the month of March for the Parksville-Qualicum Beach region the number of listings was 19% higher than March of 2014 and the number of sales were basically the same.
However if we look deeper into different areas the number of listings in Parksville proper, the number of listing for March was up 30% and the number of sales were up 20% in comparison to March 2014.
Year to date the number of listings are down 22% and the number of sales were down 9% indicating that there is still more demand than supply. The average sale price was also within 98% of the list price versus 96% last year.
Personal experience has shown the market to be very active and if you are looking to buy, you need to be ready to act, as a good percentage of the time when a new listing comes on the market, at a proper price, it is gone within a short time frame.
If you wish to discuss your situation in more depth, whether buying or listing, please contact us.
Rudi & Trish
Click Image To View The March Report
Posted on
March 18, 2015
by
Rudi Widdershoven
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 A positive first impression of your home can make a huge impact on your selling price! This month’s article shares some simple tips on how to prepare your home for a successful sale.
There’s also a spring checklist to get your home ready for the gorgeous weather that’s just ahead as well as some body language tips that’ll instantly boost your confidence.
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Warmest Regards,
Rudi W. |
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February Sales Reflect Strong, Balanced Market Conditions
Preparing Your Home for a Successful Sale
Get Your Home in Shape for Spring
The Body Language of Confidence
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February Sales Reflect Strong, Balanced Market Conditions
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 In the VIREB coverage area, 282 single-family homes sold on the MLS® system in February 2015.
This represents a 43 per cent increase from last month but is virtually unchanged from February 2014, which saw 281 sales.
BCREA’s chief economist, Cameron Muir, states that although January’s numbers showed a decline, sales across the province bounced back in February.
“The economy is on an upward trajectory, bolstered by the strong, sustained recovery in the United States,” said Muir.
“The economic outlook is positive, despite reduced oil prices and a lower Canadian dollar.” The weaker dollar actually has a net positive impact on our economy because it makes Vancouver Island a more attractive tourist destination, he added.
Although the number of single-family homes sold in February 2015 was virtually unchanged from last year, condominiums, townhouses and duplexes posted increases.
Sales of apartment condominiums were up 74 per cent, with 47 units selling last month compared to 27 in February 2014. In February 2015, 18 patio homes sold compared to 11 in February of last year, a 64 per cent increase. Townhouse units posted a 45 per cent increase, with 29 units selling in February 2015 compared to the 20 sold in the same month last year. Sales of half-duplex units were up 400 per cent, with 15 units selling last month compared to three in February 2014.
“Looking at single-family sales alone, the market didn’t change much from this time last year. But when you factor in condos, townhouses, and duplexes, sales in our area were up around nine per cent,” noted VIREB President Jason Finlayson.
“Overall, we’re continuing to see strong, balanced market conditions in our area.” However, since individual markets can vary considerably, it is always best to consult a local REALTOR® for accurate pricing information. Finlayson also affirmed that a weaker Canadian dollar could have a positive impact on the B.C. economy, as it makes vacationing here more appealing.
“Vancouver Island is a popular tourist destination, and vacations here sometimes result in ‘staycations,’ which is always good news for real estate,” said Finlayson.
In February 2015, the benchmark price for a single-family home in the VIREB coverage area was $321,600, up 2.49 per cent from 2014. Benchmark pricing tracks the value of a typical home in the reported area. The average price of a single-family home was $333,479 compared to $345,343 in February 2014, a decrease of three per cent.
The benchmark price of a single-family home in the Campbell River area was $270,700, up 1.98 per cent from February 2014. In the Comox Valley, the benchmark price was $320,500, up just under one per cent from last year. Duncan reports a benchmark price of $283,900, an increase of 4.12 per cent over the same month in 2014. Nanaimo’s benchmark price was $340,200, up 3.47 per cent over last year. The Parksville-Qualicum area posted a benchmark price of $347,000, up slightly over last year. The price for a benchmark home in Port Alberni was $175,500, down 9.22 per cent from February 2014. |
Preparing Your Home for a Successful Sale
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A properly prepared home will reap huge rewards!
 Preparing your home for sale requires some planning but it’s well worth the effort as it’ll help your home sell quickly and for top dollar. The following points can be implemented quickly and with little or no money:
- Curb Appeal - Home buyers form their opinions as soon as they pull up so first class curb appeal is key. Create the best first impression possible by cutting the grass, tidying the yard, painting or washing the exterior and cleaning all windows.
- Clear the Clutter - Too much “stuff” makes your home appear smaller than it really is and most buyers can’t see past other people’s clutter. Clean out your closets, garage, basement and attic. Put what you’re keeping in storage and donate the rest.
- De-personalize - Buying a home is an emotional experience so it’s important that buyers are able to imagine themselves living in your home. De-personalize each room by taking down family photos, knick-knacks and anything else that’ll make them feel like they're intruding.
- Fix it First - Buyers always inflate repair costs so make sure you take care of repairs ahead of time. Even small things such as leaky faucets and ripped carpeting make your home appear neglected and a possible money pit in the eyes of buyers.
- Peeking Allowed - Buyers will size up each and every room but they'll also be snooping in your cupboards, drawers and closets so make sure they’re organized, de-cluttered and clean. Hang clothes up neatly, leave open space and clear floor areas.
It’s often the little things that make a huge difference when it comes to creating a winning first impression. If you want to get top dollar for your property, invest some time and money into fixing and freshening up your home before it hits the market. It’s an investment that will definitely pay off! |
Get Your Home in Shape for Spring
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 Homes need regular check-ups in order to stay healthy.
Spring’s right around the corner so it’ll soon be time to identify and correct minor issues so you can avoid unpleasant surprises down the road. This simple spring checklist will help protect the health of your home:
- Roof - Repair missing or cracked shingles.
- Outdoor Wiring - Check thoroughly for wear and tear.
- Deck/Patio - Check for safety hazards such as loose railings and rotten boards.
- Foundation - Inspect interior/exterior walls for cracks and signs of moisture.
- Gutters - Clean gutters/downspouts and make sure they direct water away from your home.
- Safety - Inspect smoke and carbon monoxide detectors and review your family’s fire plan.
- Landscaping - Cut back trees/bushes that touch the house and remove any dead branches.
Home is where the heart is so do your best to keep it healthy. Regular maintenance of your home and yard will save you time and money in the future and you’ll be much more relaxed come summer knowing you won’t be in for any nasty surprises. |
The Body Language of Confidence
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 A person's body language usually says more than their words.
Projecting positive body language is a skill that should be mastered by all of us from corporate bigwigs to children on the playground. Here are a few basic tips that’ll help boost your confidence:
- use a natural tone, volume and pace when you speak
- use your hands for gesturing instead of sticking them in your pockets
- avoid fidgeting as it shows you're disinterested, bored and/or nervous
- stand up straight in a relaxed posture with your head held high
- give a strong handshake while looking into the person’s eyes with a relaxed smile
Studies have shown that our poses can actually change our body chemistry. High power poses where the body is open and relaxed actually increases your confidence levels. Stand tall and be proud! |
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Posted on
February 21, 2015
by
Rudi Widdershoven
| Vancouver Island Real Estate News from Rudi Widdershoven |
February 2015 |
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 Would you like to make your mortgage magically disappear? If so, there’s an incredibly simple strategy that will shave years off your mortgage while saving you thousands of dollars in interest!
There are also some tips on how to prepare your home in case of a blackout as well as a few of the latest tech trends from the Las Vegas Electronics Show.
Thanks so much for checking out this month's newsletter. Please get in touch if you ever have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Warmest Regards,
Rudi W. |
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Sales Activity Down in January but House Prices Continue to Rise
The Magic of Bi-Weekly Mortgage Payments
Don't Let a Blackout Leave You in the Dark
Exciting New Tech Trends
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Sales Activity Down in January but House Prices Continue to Rise
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Sales activity across the Vancouver Island housing market area was down in January but the average price continues to inch upward.
In the VIREB coverage area, 196 single-family homes sold on the MLS® system in January 2015. This represents an eight per cent decrease from the 212 sales recorded in January 2014 and a 23 per cent decrease from last month, which posted 257 sales.
BCREA’s chief economist, Cameron Muir, states that despite January’s numbers showing a decline from last year, it is too early to predict whether they indicate initial signs of uncertainty in the market.
“Although sales in January are down across the province, the recent reduction in interest rates could have a positive impact on the housing market,” said Muir. “As well, affordability in most communities remains strong. Job losses from falling oil prices aside, the economic outlook is encouraging.”
With the average price of a single-family home up seven per cent from last year, combined with continued lower inventory levels, VIREB past president Blair Herbert is not concerned by January’s sales drop.
“One month does not make a year,” said Herbert. “The Home Price Index (HPI) in the VIREB coverage area continues to rise, although slowly, and those increases reflect a strengthening market.”
Overall, the housing market in the VIREB area remains in balanced territory, a trend that is not expected to change in the near future. However, since individual markets can vary considerably, it is always best to consult a local REALTOR® for accurate information.
Herbert also added that Vancouver Island could very well benefit from lower oil prices and a falling Canadian dollar. “Although reduced oil prices could result in job loss for some British Columbians who work out-of-province in the oil patch, the lower Canadian dollar will make holidaying here more attractive,” says Herbert. “Here on Vancouver Island, vacations sometimes result in 'staycations'. There are also jobs here at home that need to be filled by qualified workers.”
In January 2015, the benchmark price for a single-family home in the VIREB coverage area was $320,700, up 3.21 per cent in 2014. Benchmark pricing tracks the value of a typical home in the reported area. The average price of a single-family home was $340,753 compared to $318,628 in January 2014, an increase of seven per cent.
The benchmark price of a single-family home in the Campbell River area was $271,500, up 4.58 per cent from January 2014. In the Comox Valley, the benchmark price was $320,000, virtually unchanged from last year. Duncan reports a benchmark price of $284,100, an increase of 4.41 per cent over the same month in 2014.
Nanaimo’s benchmark price was $337,200, up a little over four per cent compared to last year. The Parksville-Qualicum area posted a benchmark price of $348,700, which is a 1.28 per cent increase over last year. The price for a benchmark home in Port Alberni was $168,800, down 9.27 per cent from January 2014. |
The Magic of Bi-Weekly Mortgage Payments
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 There are huge dividends to making your mortgage disappear faster.
Do you wonder sometimes if you’ll ever see the end of your mortgage? Fortunately there’s a simple strategy that will save you thousands of dollars in interest and shave years off your mortgage!
Making bi-weekly accelerated payments is one of the easiest ways to make your mortgage a thing of the past. Most of us pay our mortgage each month but accelerated bi-weekly payments can put thousands of dollars back in your pocket without the need to save up lump sum payments.
Just divide your monthly payment by two and pay that amount every two weeks. There will be 26 payments over the course of the year which translates into 13 monthly payments instead of 12. You'll essentially be paying the equivalent of an extra monthly payment each year without ever realizing it. The additional amount directly pays down the principal and the more you apply to the principal, the faster you pay off your mortgage.
Let’s say for arguments sake you had a $250,000 mortgage at 3.49% amortized over 25 years. If you take advantage of the accelerated bi-weekly payment strategy, you’ll save nearly $17,000 in interest and your mortgage will be paid off three years sooner!
Fitness clubs often use this same payment strategy but in reverse. For example, a gym may offer a membership for $24 every two weeks so in your mind you think “that’s only $48 a month” but in fact, it’s actually going to cost you $52 a month because of the extra two payments each year.
Most banks don’t charge fees or penalties for this payment option but always ask up front to confirm. There are other ways to pay your mortgage off faster so please don’t hesitate to get in touch if you ever have any questions. You have nothing to lose and thousands to gain! |
Don't Let a Blackout Leave You in the Dark
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 Being prepared in advance is critical when facing a blackout.
Losing your power can be a scary prospect, especially if it drags on for an extended period of time in less than hospitable weather conditions. Here are a few valuable tips to help you cope when the lights go out:
- Ensure each family member has a flashlight stored in a designated spot.
- Have a battery operated radio on hand to keep up-to-date on local news.
- Keep a variety of candles, matches, batteries and a multi-bit screwdriver in a central location.
- Purchase a rechargeable 120 volt backup power supply for essential electronics.
- Stock your pantry with water and non-perishable food items.
- Don't open your freezer or fridge unless it’s absolutely necessary.
- The electric garage door won’t work so make sure you know how to open it manually.
- Check on residents in your community, especially if they’re elderly or on their own.
Blackouts can catch us off guard as we often take everyday essentials like light and heat for granted. By properly preparing for a blackout, they’ll be no need to panic. You can instead relax and have fun telling stories by candlelight. |
Exciting New Tech Trends
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 Ghost cars, dog wearables and smart beds are a few of the latest hot items!
Every January the Consumer Electronics Show in Las Vegas introduces new and exciting technology. Here are a few of the latest innovations:
- Driverless Cars - New technology is helping to shape the automotive industry. Intelligent cars can find parking spots, detect pedestrians and even drive themselves!
- Pooch Power - Wearables aren’t just for humans! A collar mounted activity monitor comes with a GPS and fitness monitor to track Fido’s activity and rest patterns.
- Sleep Appy - Monitors track your sleeping patterns so you’re able to wake up at the right stage of your sleep cycle. There’s even a kids’ smart bed that has a “monster detector” app!
There are so many exciting innovations right around the corner and although driverless cars for example remain out of reach for the average consumer, they’re an exciting sign of where technology trends are heading. |
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Posted on
January 28, 2015
by
Rudi Widdershoven
| Vancouver Island Real Estate News from Rudi Widdershoven |
January 2015 |
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It’s hard to believe that 2015 is finally here! This month’s first article highlights a few of 2015’s most exciting home and garden trends.
If you enjoy adding your own personal touch to your photos, then you’ll want to check out the review of PicMonkey. There are also a few tips on how to take care of your hardwood floors.
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. Here’s wishing you all the best throughout 2015!
Warmest Regards,
Rudi W. |
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Vancouver Island Housing Market Finishes Year On a High Note
Home and Garden Trends for 2015
Stop Monkeying Around With Your Pics
Your Hardwood Floor's Worst Enemies
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| Vancouver Island Housing Market Finishes Year On a High Note |
 Sales activity across Vancouver Island finished on a high note in December, capping off a year that saw consistent monthly gains.
Yearly sales were somewhat stronger than anticipated at the outset of 2014, reflecting the renewed consumer confidence observed in the retail sector.
Overall, the housing market remains balanced, which continues to be good news for buyers and sellers.
The Vancouver Island Real Estate Board (VIREB) reports that 4,335 single-family homes sold in its area on the Multiple Listing Service® (MLS®) in 2014. This signifies a 10 per cent increase over the 3,940 sales recorded in 2013. The average sale price in 2014 was $345,108, up five per cent from 2013’s average sale price of $329,144.
BCREA’s chief economist, Cameron Muir, is optimistic heading into 2015, commenting that consumer demand is up, with five per cent retail growth year over year. Housing prices continue to reflect that confidence, as well as an inflation rate of approximately two per cent.
“The spirit of renewed consumer confidence, combined with lower housing inventory levels, is placing upward pressure on house prices,” says Muir. “We anticipate that we’ll continue to see slow and steady growth throughout 2015.”
Blair Herbert, VIREB President, notes that the yearly figures mirror what REALTORS® have observed on the ground for the past several months. “We’ve seen continued improvement in monthly sales throughout the year, which is an encouraging trend heading into 2015,” says Herbert. “However, as always, individual markets can vary considerably, so it is important to consult a local REALTOR® for the best pricing picture in your neighbourhood.”
A total of 257 single-family homes sold in the VIREB coverage area in December 2014, a 22 per cent increase over the 210 sales recorded in December 2013, and a 14 per cent drop from last month.
In December 2014, the benchmark price for a single-family home in the VIREB coverage area was $313,800, up 1.94 per cent from 2013. Benchmark pricing tracks the value of a typical home in the reported area. The average price of a single-family home was $355,600 compared to $314,367 in December 2013.
The benchmark price of a single-family home in the Campbell River area was $267,200, up slightly from December 2013. In the Comox Valley, the benchmark price was $319,400, marking an increase of 1.79 per cent over last year. Duncan reports a benchmark price of $280,800, an increase of 1.05 per cent over the same month in 2013, while Nanaimo’s benchmark price was $338,300, up 3.28 per cent compared to last year. The Parksville-Qualicum area posted a benchmark price of $359,400, which is a 4.60 per cent increase over last year. The price for a benchmark home in Port Alberni was $175,800, down slightly from December 2013. |
Home and Garden Trends for 2015
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 Curious about what’s trending in homes and gardens this year?
There’s really no place like home, so it’s always interesting to discover what design trends you can incorporate in order to update your home and garden.
A mix of old and new ideas abound this year as homeowners seek to balance concerns over the environment along with the prevalence of 24/7 technology. Here are a few popular trends:
- Green Thumb - Homeowners are enjoying casually styled outdoor spaces so we’ll see more native plants and food gardens and less of the larger manicured lawns.
- Lighten Up - Devices that automatically lighten up dark spots in drawers and cupboards are increasingly popular so you don’t need to turn on an entire bank of lights to find your keys.
- Glass Galore - Beautiful floor to ceiling windows and glass sliding doors are in demand as they allow the natural light to filter in while integrating indoor and outdoor spaces.
- Old & New - Homeowners are balancing technology by upcycling and incorporating natural materials into their decor. Rustic barn boards for instance add a warm contrast to modern lines.
- Talk the Talk - Some TV’s change channels or record shows by voice command but you’ll soon be able to turn on lights, adjust the heat and program your music all with your voice!
Decorating trends continue to evolve but it’s important to determine which styles resonate with you so that they’ll compliment your personality. Whether you’re selling your house now or in the future, you’ll definitely want to “green up” your home as buyers are demanding healthy and environmentally friendly houses. |
Stop Monkeying Around With Your Pics
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 Edit your holiday snaps with filters and text using PicMonkey!
PicMonkey is an online drag and drop photo editing tool that’s fun and easy to use. There’s no software to download and best of all, it doesn’t cost a cent! Here are just a few things you can do:
- Edit - Images can be easily cropped, resized and sharpened or you can add professional looking filters and gradients.
- Touch Up - You can whiten teeth, remove blemishes and even give yourself a tan all with the click of a button.
- Design - It’s simple to create your own place cards or invitations. Just pick out a background, add a border, some text, an image and voila!
- Collage - You can arrange several photos together to create one big picture. Just select a layout and then edit your creation to add your own personal touch.
There are so many things you can do to add pizazz to your pics – your only limit is your imagination. Photo editing isn't always easy but PicMonkey makes it so simple that, you guessed it, even a monkey can do it! |
Your Hardwood Floor's Worst Enemies
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 Hardwood floors look beautiful but they take a real beating!
It can be a hard knocks life for hardwood floors. Scratches, dents and dulling all ruin their natural beauty over time. Here are a few common enemies to be aware of:
- Liquids - Mop up spills immediately as they can warp the wood and cause it to swell.
- Furniture - Place felt pads underneath furniture to avoid scratches when they’re moved.
- Sticks & Stones - Grit acts like sandpaper so place rugs by the doors and vacuum thoroughly with a brush attachment (not a beater bar) before washing.
Prevention is key to keeping your hardwood floors beautiful. Many cleaners will actually ruin your finish so make sure you use the correct cleaner for your floors and if you own a dog, make sure their nails are regularly trimmed. |
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Posted on
December 23, 2014
by
Rudi Widdershoven
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Vancouver Island Real Estate News from Rudi Widdershoven |
December 2014 |
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 If you’re finding it hard to save up for a down payment, you may have thought about purchasing a home with a friend or relative. This month’s article offers some advice on co-ownership.
A few of the latest online holiday scams are also revealed as well as an amazing recipe that your holiday guests will rave about!
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. Enjoy the holiday season!
Warmest Regards,
Rudi W. |
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Vancouver Island Housing Market Continues its Upward Trend
Co-ownership -- Will Your Friendship Survive?
Ho Ho Hoax
Bacon Wrapped Dates
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| Vancouver Island Housing Market Continues its Upward Trend |
 Slow and steady growth in the housing market continues to be the prevailing theme throughout the Vancouver Island Real Estate Board (VIREB) coverage area.
Although unit sales dropped considerably from last month, they were up five per cent compared to November 2013, demonstrating that the market continues to improve overall.
The month-over-month dip in unit sales from this month to last month is attributed to an unusually strong October rather than being indicative of a weak November.
“There were no big surprises in November,” said VIREB President Blair Herbert. “The steady growth we’re seeing in the Board area continues to reflect balanced market conditions, which has been a trend for some time now.”
A total of 299 single-family homes sold on the MLS® system in November 2014. This represents a 25 per cent decrease from the 400 sales recorded last month and a five per cent increase from this time last year. Inventory levels are down around seven per cent compared to November 2013.
Cameron Muir, BCREA Chief Economist, states that the housing market is improving and expects balanced market conditions to continue, with housing prices reflecting an inflation rate of approximately two per cent.
“2014 is shaping up to be the best year we’ve had for some time, and 2015 is looking even better,” says Muir. “Although overall economic growth in 2015 likely won’t accelerate to 2006 levels, we’re certainly expecting housing sales to continue ratcheting upwards to a higher plateau.”
In November 2014, the benchmark price of a single-family home in the VIREB coverage area was $314,300, up 1.72 per cent from 2013. Benchmark pricing tracks the value of a typical home in the reported area. The average price of a single-family home was $340,493, an increase of six percent over this time last year.
The benchmark price of a single-family home in the Campbell River area was $263,100, down 2.15 per cent over this time last year. In the Comox Valley, the benchmark price was $314,200, which is relatively unchanged from 2013. Duncan reports a benchmark price of $286,600, an increase of 2.71 per cent over the same month in 2013, while Nanaimo’s benchmark price was $341,200, up 4.81 per cent compared to last year. The Parksville-Qualicum area posted a benchmark price of $358,600, which is a 2.69 per cent increase over last year. The price for a benchmark home in Port Alberni was $178,700, dropping 3.65 per cent from last year. |
Co-ownership -- Will Your Friendship Survive?
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 Planning is key if you’re thinking of purchasing a property with a friend!
If you’re tired of renting but can’t quite come up with a down payment, you may need to get creative. One option is to purchase a property with a friend or relative.
Co-ownership enables you to share the down payment and monthly expenses which makes buying a home so much easier. Like everything in life though there are pros and cons and this is a partnership you don’t want to enter into lightly!
The pros are fairly obvious – it’s affordable and you’ll be able to start building up some equity instead of throwing it away on rent. The drawbacks include lack of privacy and the potential loss of a valuable friendship. You may like and trust each other now but things can change once you start living together.
Determine first whether your personality styles are a match. If you’re a neat freak and your friend doesn’t know one end of a vacuum from the other then problems could arise. Also, think about how you like to spend your leisure time. If they’re a party animal and you prefer a quiet life, it may not be the partnership for you.
Once you've determined you're a good fit, visit a mortgage broker to get pre-approved. Next, make a checklist of critical factors such as location and parking. Seemingly small issues like who’s getting the master bedroom can create future tension so sort out details ahead of time. A home inspection is also a good plan to help ensure you’re not on the hook for unexpected future repairs.
Finally, seek legal advice and draw up a contract so you’re prepared to deal with potential problems and maintenance issues. This is a business deal so discuss worst case scenarios like death, job loss and relocation or how to proceed if one person wants to sell and the other doesn’t.
Building up your financial security through co-ownership can work well for both parties if you have an open line of detailed communication before, during and after you’ve bought a house together. Having a legal contract will help eliminate future problems so you can enjoy the benefits of co-ownership while remaining good friends! |
Ho Ho Hoax
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 It’s the most wonderful time of the year -- especially for scammers!
Cyber criminals kick it up a notch during the festive season as busy, distracted shoppers are constantly online. Here are a few of the most common seasonal scams to be aware of:
- Give & Take - Cybercriminals often impersonate charities with emotionally charged appeals taking advantage of recent disasters or outbreaks.
- The “Must Have” Gift - Beware of websites that tout fake deals on the hottest, hard to find holiday items. This year’s hot products include the iPhone 6 and iPad Air 2.
- The Gift of Malware - Always download apps from legitimate sources. Fake shopping apps can install dangerous malware to your smartphone or trick you into giving away personal details.
- Alo-hoax - People scrambling to escape to sunnier climates are easy prey. Beware of scammers who set up fake travel websites offering incredible deals for non-existent holiday destinations.
Be especially vigilant when you’re online during the holidays and try to avoid shopping on public WiFi hotspots unless you’re certain they’re secure. Remember to also keep your antivirus software up-to-date and use common sense – if a deal’s too good to be true, it probably is. |
Bacon Wrapped Dates
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 Everything tastes so much better with bacon -- even dates!
Here’s a simple, yet delicious appetizer that’s ideal for your holiday gathering. These unique sweet crunchy bites are sure to tantalize the taste buds! Here’s all you’ll need:
- cream cheese
- 18 pitted medjool dates
- 6 slices of bacon (cut into thirds)
- Stuff each date with cream cheese.
- Wrap with bacon and secure with a toothpick.
- Arrange the dates 1 inch apart in a shallow baking pan, bacon seam side down.
- Bake at 400F for 6 - 8 minutes, turn dates over and bake for another 6 - 8 minutes.
These tasty tidbits are a real crowd pleaser so you should probably create a double batch because your guests will definitely keep coming back for more! |
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Oh by the way, we are never too busy for any of your introductions. If you know of anyone that may benefit from our help please contact us with their name and number and let them know that we will be in touch. We would be privileged to assist them!
If you would like to keep up on the market and would like automatic email notifications of new listings, sales, etc. Click here or drop us an email or give us a call: 250-468-1498 / 250-248-1071 - team@teamw.ca
For the latest real estate updates, including new listings, price changes and upcoming open houses follow me on Twitter and "LIKE" us on Facebook |
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Posted on
December 4, 2014
by
Rudi Widdershoven
Sales of single family homes in the greater Parksville – Qualicum Beach area continue to be stronger than the same month in 2013. There was an increase of 9% over November 2013, 14% for year to date. The number of listings coming to market remain less than sales and the overall inventory is down. Therefore current buyers have a lack of inventory to look at and this situation tends to lead to increased prices.
For more in-depth information for your particular area or style of home contact us.
Rudi & Trish
View or Download the Report
Posted on
November 24, 2014
by
Rudi Widdershoven
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Vancouver Island Real Estate News from Rudi Widdershoven |
November 2014 |
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 One of the first things you’ll want to do before you start house hunting is get pre-approved for a mortgage. This month’s main article examines how pre-approval can save you thousands of dollars and provide you with peace of mind.
The latest hi-tech kitchen gizmos are also revealed as well as a few tips that’ll help keep your online photos safe and secure.
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Warmest Regards,
Rudi & Trish W. |
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Steady Growth and Low Inventory Placing Upward Pressure on Prices
The Importance of Mortgage Pre-approval
Kitchen Automation Trends
Online Photo Security Tips
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| Steady Growth and Low Inventory Placing Upward Pressure on Prices |
Sales activity throughout the VIREB coverage area in October 2014 was down slightly from September, but still significantly higher than October of last year, resulting in our strongest October since 2009.
Although the higher sales posted this October are encouraging, sales last fall were weak by comparison. As a result, balanced market conditions continue, which is good news for both buyers and sellers.
VIREB President Blair Herbert is encouraged by the numbers and reports that REALTORS® in the VIREB coverage area are consistently busy. “October sales indicate that our market remains balanced,” says Herbert. “But as the year draws to a close, we’re seeing lower inventory levels and housing sales sitting at 15 per cent higher than this time last year, which is beginning to place upward pressure on the market.”
A total of 401 single-family homes sold on the MLS® system in October 2014. This represents a 1.25 per cent decrease from the 406 sales recorded last month and a 15 per cent increase from this time last year. Inventory levels are lower than last year, with active listings down approximately five per cent.
BCREA’s chief economist, Cameron Muir, reports that although job growth isn’t as strong as hoped, consumer spending is on the upswing, which indicates optimism regarding the economy and has a positive effect on home sales. “We’re seeing continued economic growth year over year, but do expect that rate of growth to relax somewhat in the coming months,” says Muir. “However, we nevertheless expect balanced market conditions in line with inflation to continue into 2015.”
In October 2014, the benchmark price of a single-family home in the VIREB coverage area was $317,900. Benchmark pricing tracks the value of a typical home in the reported area. The average price of a single-family home was $349,270, an increase of six per cent over this time last year.
The benchmark price for a single-family home in the Campbell River area was $268,900, up 3.43 per cent from October 2013; in the Comox Valley, the benchmark price was $315,500, which is nearly the same as a year ago; Duncan reports a benchmark price of $284,500, which is almost identical to last year; Nanaimo’s benchmark price was $341,200, up 4.81 per cent from last year; Parksville/Qualicum has a benchmark price of $360,100, which is 3.70 per cent higher than this time last year; and the price for a benchmark home in Port Alberni is listed at $185,900, a 3.97 per cent decrease from October 2013. |
| The Importance of Mortgage Pre-approval |
 Mortgage pre-approval should be your first step when house hunting.
You wouldn't shop around for a vacation without having a budget in mind and it shouldn’t be any different when it comes to buying a house.
Readjusting to homes that are less expensive is disappointing and takes all the fun out of the home buying process so it’s important to know where you stand from the outset.
Online qualifying tools only give estimations so it’s best to visit a mortgage specialist for an accurate assessment. They’ll also lay out the differences between different types of mortgages so you can make an educated decision on which one complements your current and future financial goals.
Most lenders can place a hold on the current interest rate for a certain time period to protect you against increases. This step can save you thousands of dollars but many buyers will foolishly leave it until the last minute and miss out. Long-term thinking is key so seek advice and take advantage of any available home buyer programs.
A pre-approval also makes your offer much more attractive which can potentially save you thousands off the purchase price. In a multiple offer situation, it can even be the difference between getting the home or losing it. If you still need to make the offer conditional on financing, you can at least attach the pre-approval.
A mortgage pre-approval can save you thousands of dollars and eliminate countless hours of stress during a time when you should be having fun. Getting pre-approved for a mortgage is easy, there’s no obligation and it doesn’t cost a cent. If you have any questions about mortgages, please don’t hesitate to get in touch! |
Kitchen Automation Trends
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 Your kitchen’s technological gizmos are smarter than ever!
The kitchen is fast becoming one of the most connected rooms in the home. Here’s a run-down of a few new and exciting products made especially for the heart of the home:
- Cool Fridges - Smart refrigerators can tell you when products are about to expire as well as recommend recipes based on its contents.
- Smart Walls - Homeowners are installing digital backsplashes instead of traditional tiles. This hi-tech canvas can connect with other smart systems throughout your home.
- Water On Tap - Automatic faucets are becoming commonplace as they’re convenient and more importantly help prevent the spread of bacteria.
- Fire It Up - Your smartphone can preheat your smart oven remotely and if you pick a recipe from the recipe bank, it’ll even preheat it to the correct temperature!
- Do the Dishes - Smart dishwashers can assess soil levels and adjust themselves to clean in the most efficient manner. You can also switch it on right from your smartphone!
Homeowners are embracing smart home technology and it’s no surprise that the kitchen is a key part of this trend. Staying on top of innovative home automation will help ensure your home is the smartest one on the block. |
Online Photo Security Tips
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 The buzz around stolen celebrity pics has everyone on high alert!
Having your photos out there in cyberspace is commonplace these days but how worried should you be? Here are a few tips if you store photos online:
- Be Aware - If your social networking settings are “open” then your photos can be downloaded and stored on anyone’s device.
- Password Protection - Use a password that’s hard to crack. Most sites offer extra layers of security so take the time to research and implement them.
- Delete 2.0 - When you delete your photos from your phone, they may still remain online so you’ll need to delete them from your cloud based service as well.
If your photos are uploaded to cloud servers such as iCloud, Dropbox or Google Drive, there’s always a risk of someone accessing them. If you have something that you don’t wish to share, it’s best to store it on a USB stick. |
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Oh by the way, we are never too busy for any of your introductions. If you know of anyone that may benefit from our help please contact us with their name and number and let them know that we will be in touch. We would be privileged to assist them!
If you would like to keep up on the market and would like automatic email notifications of new listings, sales, etc. Click here or drop us an email or give us a call: 250-468-1498 / 250-248-1071 - team@teamw.ca
For the latest real estate updates, including new listings, price changes and upcoming open houses follow me on Twitter and "LIKE" us on Facebook |
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Posted on
November 5, 2014
by
Rudi Widdershoven
Believe it or not ¾ of the year is behind us. Real estate statistics from VIREB (Vancouver Island Real Estate Board) continues to show healthy activity in the market. Overall for 2014 for Single Family homes # of sales are up 14% while the number of listings is up only up 1%. Results: the number of active listings are down by 13%.
Homes are selling slightly faster at an average of 55 days versus 63 days last year. Prices are certainly stable and the list to sell ratio has tightened up to an average of 96%.
Please note that not all segments of the market, or areas, have the same statistics and therefore if you wish to discuss your particular situation, no obligation, please contact us and we would be pleased to discuss your situation with you.
CLICK HERE TO VIEW OCTOBER MARKET STATS REPORT
Posted on
October 18, 2014
by
Rudi Widdershoven
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Vancouver Island Real Estate News from Rudi Widdershoven |
October 2014 |
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Setting your price is one of the most important decisions you’ll have to make when selling your home. Our first article discusses a service that estimates your home’s current market value.
There’s also some advice on how to keep your furnace in tip-top shape as well as a simple trick that’ll save you from incurring unnecessary data charges when you’re on Facebook.
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Warmest Regards,
Rudi W. |
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September Sales Activity Reflects Increased Consumer Confidence
Receive an Evaluation...On the House
Furnace Tune Ups – Not Just a Bunch of Hot Air
Beware of Facebook Video Autoplay
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September Sales Activity Reflects Increased Consumer Confidence
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Sales activity throughout the Vancouver Island housing market area rose in September, indicating increased consumer confidence and paving the way for strong fall sales.
However, since sales in September 2013 were relatively weak, the higher numbers posted last month don’t represent a hotbed of robust activity. Rather, they indicate that the market continues to be balanced for both buyers and sellers in the VIREB coverage area.
A total of 409 single-family homes sold on the MLS® system in September 2014. This represents a 13.3 per cent increase over the 361 sales recorded last month and a 22 per cent increase from this time last year.
Inventory levels continue to remain slightly lower than last year, with active listings down approximately five per cent. BCREA’s chief economist, Cameron Muir, reports that the VIREB coverage area saw its strongest summer since 2009 and expects that upward trajectory to continue.
“The retail sector has seen a boost in activity, indicating increased consumer confidence, which is certainly reflected in the housing numbers,” said Muir. He doesn’t expect interest rates to rise any time soon, noting that they continue to echo the reality of Canada’s overall housing demand.
The numbers don’t surprise VIREB President Blair Herbert, who anticipates healthy sales activity to continue throughout the fall. “September is traditionally busier for most real estate markets, and we don’t expect that to change in the coming months,” states Herbert. “Our REALTORS® are busy, and there is a lot of business in the works.” However, Herbert notes that the overall snapshot of market activity isn’t always an accurate picture of the motion occurring in a particular community.
“It can even vary by neighbourhood, which is why it’s important to contact a local REALTOR® for a better idea of what’s happening in your area,” says Herbert. “In strong sales markets, consulting a REALTOR® is vital to ensure that you have up-to-date information on house prices for your specific location.”
In September 2014, the benchmark price of a single-family home in the VIREB coverage area was $317,900. Benchmark pricing tracks the value of a typical home in the reported area. The average price of a single-family home was $352,179, an increase of nine per cent over this time last year.
The benchmark price for a single-family home in the Campbell River area was $272,200, up 6.43 per cent from September 2013; in the Comox Valley, the benchmark price was $320,700, marking an increase of 1.32 per cent per cent over last year; Duncan reports a benchmark price of $281,800, which is nearly the same as one year ago; Nanaimo’s benchmark price was $338,800, up 3.70 per cent from last year; Parksville/Qualicum has a benchmark price of $363,600, which is 4.32 per cent higher than this time last year; and the price for a benchmark home in Port Alberni is listed at $187,200, dropping slightly by 1.17 per cent from last year. |
Receive an Evaluation...On the House
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 Your home's a huge asset so you need to keep tabs on its value.
A comparative market analysis (CMA) is a report that estimates your home's value by comparing it to similar properties that have recently sold.
Online home evaluations are quick and easy but they aren't very accurate as they don't take the finer details into account. It's better to have an agent do a quick walkthrough so they can see your home firsthand.
The CMA report, which is usually complimentary and comes with no obligation, is essential to setting a competitive asking price. The right price is crucial to achieving a successful sale and is also helpful during negotiations as concrete facts will help justify your asking price.
In addition to homes that have recently sold in your area, your agent will research current homes on the market as well as homes that didn’t sell. It’s important to compare homes that are similar in style, square footage, etc. and to adjust for factors such as finished basements, double car garages and overall condition.
You don’t have to necessarily be ready to sell your home to receive a CMA. If you’re thinking about renovating your home for instance, your agent can provide you with an idea of how much value certain renovations will add to your home so that you can confidently move forward knowing the facts.
Please get in touch if you’re interested in a CMA to help give you a better idea of what your home’s currently worth. This will in turn help you get top dollar should you decide to sell as incorrectly pricing your home is a mistake that could end up costing you thousands of dollars and months of frustration. |
Furnace Tune Ups – Not Just a Bunch of Hot Air
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 Check your furnace now to save on costly repair bills in the future!
When we're poking around in the basement, we usually pass the furnace without giving it a second thought -- until the weather changes and it’s time to fire it up!
The last thing you want is your heat failing on the coldest night of the year when service calls cost a fortune. Here are some tips that’ll keep you warm and cozy:
- All Clear - Keep the area around the furnace clear of dust and obstructions and never store any kind of flammable material nearby.
- Go Pro - An annual check-up by a licensed technician who inspects the motor, fan, burner, heat exchanger and thermostat will help you avoid costly repairs.
- Second Glance - Give it a visual inspection from time to time and make sure you clean or replace filters regularly as dirty air filters block air flow causing the system to work overtime.
- Seal & Save - In addition to furnace maintenance, seal up air leaks with caulk or weather strips and always open your drapes on sunny days and close them at night to keep the heat in.
Regular furnace maintenance will increase efficiency, reduce energy use and prevent general wear and tear. Having your furnace serviced on a regular basis is an investment rather than an expense as it'll help you avoid having to deal with massive, unexpected repairs down the road. |
Beware of Facebook Video Autoplay
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 Have you been racking up excessive data charges lately?
Facebook’s default video autoplay function could cause you to incur extra data charges when you accidently hover over videos in your newsfeed. Here’s how to turn it off:
- iPhone: Phone Settings -> Facebook -> Settings -> Video
- Android: Facebook Settings -> App Settings -> Video Auto-play
- Computer: Facebook Settings -> Videos -> Auto-Play Videos
Facebook is taking advantage of video’s rapid rise by selling video ads and the more they’re viewed, the more money they make. It’s therefore important for you to always keep an eye on your settings. |
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Oh by the way, we are never too busy for any of your introductions. If you know of anyone that may benefit from our help please contact us with their name and number and let them know that we will be in touch. We would be privileged to assist them!
If you would like to keep up on the market and would like automatic email notifications of new listings, sales, etc. Click here or drop us an email or give us a call: 250-468-1498 / 250-248-1071 - team@teamw.ca
For the latest real estate updates, including new listings, price changes and upcoming open houses follow me on Twitter and "LIKE" us on Facebook |
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Posted on
September 22, 2014
by
Rudi Widdershoven
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Vancouver Island Real Estate News from Rudi Widdershoven |
September 2014 |
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When you put your home on the market, it’s important to specify which items come with the house and which don't. This month’s article highlights the importance of specifying fixtures so that you can avoid any potentially awkward situations.
There are also some basic negotiating tips to help you successfully navigate your way through virtually any situation, as well as a few back-to-school lunchbox ideas that’ll turn your kid’s hunger into happiness.
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Warmest Regards,
Rudi W. |
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Vancouver Island REALTORS® Experience Busy Summer
Taking Everything but the Kitchen Sink
Negotiating Tips for Everyday Life
Think Outside the Lunch Box
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Vancouver Island REALTORS® Experience Busy Summer
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Multiple Listing Service® (MLS®) sales summary data for August released by the Vancouver Island Real Estate Board (VIREB) shows housing sales activity in the VIREB coverage area was down eight per cent when compared to August 2013.
A total of 361 single‐family homes sold on the MLS® system in August 2014 compared to 454 last month. July saw stronger‐than‐anticipated sales activity, and August’s dip was not unexpected, as sales are generally slower in the summer months.
President Elect Jason Finlayson is encouraged by the strong summer showing. “August 2014 sales remained strong in the Vancouver Island housing market area, continuing to reflect a balanced market,” notes Finlayson. Most REALTORS® had busy summers, and we expect that trend to continue into the fall.”
In August 2014, the benchmark price for a single-family-home in the VIREB coverage area was $315,500, with an MLS® HPI index value of 148.3. This represents a 48.3 per cent increase since January 2005, when the index was 100. The average price of a single-family-home in the VIREB area was $339,547, unchanged from August 2013.
BCREA economist, Cameron Muir, reported that things continue to look very positive overall on the Canadian economic front. While improved economic conditions are expected and welcomed, Muir noted that, “we may see slightly higher mortgage rates by the end of the year, as a result.”
Vancouver Island’s benchmark price for a single-family-home was $315,000 in August, an increase of .61 per cent over last year. The benchmark price for a single-family-home in the Campbell River area was $266,800, up 2.55 per cent over this time last year; in the Comox Valley, the benchmark price was $325,400, marking an increase of 1.03 per cent over last year; Duncan reports a benchmark price of $277,300, down 3.70 per cent compared to last year; Nanaimo’s benchmark price was $331,400, up slightly by 0.61 per cent from last year; Parksville/Qualicum has a benchmark price of $359,900, up 2.97 per cent over last year; and the price for a benchmark home in Port Alberni is listed at $195,100, down .59 per cent from last year. |
Taking Everything but the Kitchen Sink
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 Addressing fixtures early on in the real estate process is key.
Imagine the excitement as you walk through your new home a few days before closing! Your joy however quickly turns sour when you discover the antique chandelier you fell in love with has vanished.
Now imagine you're the sentimental seller packing up your grandmother’s chandelier when the angry buyer calls to confront its removal. This type of scenario plays out all too often so here are a few tips to help you avoid similar situations:
- What’s What - A fixture is usually something that’s attached to the building such as shelving units, ceiling fans and curtain rods.
- That’s a Keeper - Personal items (often referred to as chattels) are items such as area rugs, hanging mirrors and curtains.
- List It - Real estate law isn’t always black and white in terms of what stays and what goes so make a list in advance of which items you’re including and excluding.
- Sentimentality - Remove fixtures with sentimental value before the showing process rather than writing them in as exclusions so the buyer won’t feel like they’re missing out.
- Hole in the Wall - There’s usually a bit of damage left over when a fixture’s removed so clarify if you plan on making repairs so you can put the buyer’s mind at ease.
Chattels and fixtures can oftentimes be subjective. To avoid unnecessary confusion and expensive legal fees, ensure you proactively specify your exclusions as soon as you put your home on the market. Whether you’re selling or buying, you’ll want a smooth transaction where both parties happily walk away with what they expected. |
Negotiating Tips for Everyday Life
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 Good negotiation skills will help you get what you want!
Real estate agents use their negotiation skills to help both parties move towards a common goal. They’re however an important skill that everyone can take advantage of.
The principles are the same whether you’re negotiating a raise with your boss or a curfew with your teenager. Here are a few techniques to consider:
- Cash or Charge? - If your child hates doing their homework, simply ask “Would you like to do your homework before or after dinner?” Instead of excuses, they'll just pick an option.
- Silence is Golden - Don’t say anything after making an offer. This gives the other party a chance to think but more importantly, it forces them to break the uncomfortable silence.
- Feel, Felt, Found - This technique allows you to recognize the other party’s objection, empathize and then offer a solution. ie. “I know how you feel son, I felt the same way when I had to go to bed early but the next day, I found I had way more energy!"
Negotiating is a huge part of an agent’s skill set so when it comes to buying or selling a home, you’ll want to have an expert on side to help you overcome the various challenges that accompany a real estate deal. For everyday life, honest communication and the ability to negotiate can turn virtually any circumstance into a win-win situation! |
Think Outside the Lunch Box
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 A little creativity goes a long way when it comes to school lunches!
It’s frustrating when the lunch you lovingly pack for your kids is either traded or comes home uneaten. Here are a few fresh ideas that they’ll look forward to:
- Mix it Up - Make mini English muffin pizzas, turkey tortillas pinwheels or apple butter bagels.
- Keep it Healthy - Use dates or dried fruits in cookies. Carrot cake and homemade banana bread will be a huge hit so make extra for the freezer!
- Make Your Own - Kids love to assemble things so put in the fixings and encourage them to build their own sandwich.
There are so many quick and easy ways to jazz up the contents of a lunch box. A little creativity goes a long way to ensure it’s not thrown in the trash and replaced with a bag of chips and a can of pop. |
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Oh by the way, we are never too busy for any of your introductions. If you know of anyone that may benefit from our help please contact us with their name and number and let them know that we will be in touch. We would be privileged to assist them!
If you would like to keep up on the market and would like automatic email notifications of new listings, sales, etc. Click here or drop us an email or give us a call: 250-468-1498 / 250-248-1071 - team@teamw.ca
For the latest real estate updates, including new listings, price changes and upcoming open houses follow me on Twitter and "LIKE" us on Facebook |
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Posted on
September 7, 2014
by
Rudi Widdershoven
Though the number of single family home sales were down slightly from August 2013 (-11%, or 6 less sales) the volume of sales for the year to date remains strong with an overall increase of 17%. Overall inventory remains down, at the end of August inventory was down 15%. The average # of days to sell has been decreased by 8% (55 versus 60) year to date.
We are expecting the fall to increase in activity and the year ending strong. If you would like specific details for your home and location or more detailed statistics please contact us at team@teamw.ca or 250-468-1498.
Warmest regards,
Rudi & Trish
Click Here to View August Market Stats
Posted on
August 18, 2014
by
Rudi Widdershoven
| Vancouver Island Real Estate News from Rudi Widdershoven |
August 2014 |
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It’s important to thoroughly plan a timeline prior to moving day for your pet’s sake as well as yours! This month’s article discusses a few ways to keep your pets happy during this potentially stressful time.
There are also some great ideas on how to easily transition your family into the “back to school” routine as well as a delicious, healthy frozen treat idea that you’re sure to love!
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Warmest Regards,
Rudi & Trish W. |
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Summer Sales Activity Continues to Heat Up on Vancouver Island
Make your Move, for Pet's Sake
Back to School Survival Tips
Frozen Grape Treats
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Summer Sales Activity Continues to Heat Up on Vancouver Island
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Sales activity continues to remain strong in the Vancouver Island housing market area, with the Board outperforming its forecasted sales due to a flurry of activity over the summer months.
A total of 456 single-family homes sold on the MLS® system in the VIREB coverage area in July 2014. While this figure is slightly lower than the 469 unit sales recorded last month, it represents a six per cent increase over sales activity this time last year.
Inventory levels continue to lag behind last year’s figures, dipping approximately two per cent since last July. VIREB’s active listings for the month of July were down 5.29 per cent over this time last year. Currently, the sales-to-active listing ratio is sitting around 12 per cent, which puts the Board in the upper boundaries of balanced market territory across the Island.
VIREB President Blair Herbert is encouraged by the slow and steady growth on the Island; however he noted that “with the combination of lower inventory levels and rising unit sales, we may start to see a bit of upward pressure on pricing in the latter half of the year.
"In July 2014, the benchmark price for a single-family home in the VIREB coverage area was $319,400 with an MLS® HPI index value of 150.1. This represents a 50.1 per cent increase since January 2005, when the index was 100. The average price of a single-family home in the VIREB area was $346,207, which is an increase of four per cent over this time last year.
BCREA economist Brendon Ogmundson reported that things are looking very positive overall on the Canadian and U.S. economic front. While healthy economic conditions are likely contributing to our stronger market sales activity, he cautioned that, “We may see mortgage rates start to inch up a bit by the end of the year, as a result.”
The benchmark price for a single-family home in the Campbell River area was $271,400, up 2.04 per cent over this time last year; in the Comox Valley the benchmark price was $329,400, marking an increase of 1.48 per cent over last year; Duncan reports a benchmark price of $280,800, which is exactly the same as it was one year ago; Nanaimo’s benchmark price was $335,200 dipping slightly by 0.93 per cent from last year; Parksville/Qualicum has a benchmark price of $356,400, which is relatively unchanged from this time last year, dipping 0.21 per cent; and the price for a benchmark home in Port Alberni is listed at $200,800 dropping 1.32 per cent from last year. |
Make your Move, for Pet's Sake
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 Like any family member, pets feel the stress of moving.
When moving, it’s important to organize ahead of time so that your pets will be comfortable. Here are some tips that’ll ensure a smooth move:
- Plan Ahead - Create a detailed checklist ahead of time so that you can avoid any last minute stress that your pets will pick up on.
- Pet Doc - Ask your vet for a referral if you’re moving out of town and make sure all of the shots are up to date.
- Dog Tags - Remember to update all your pet’s tags and microchips with your new contact information.
- Keep them Calm - Have someone look after your pets on moving day but if that’s not possible, keep them calm by housing them in a quiet room.
- Doggie Bag - Prepare a well labeled and easily accessible overnight moving kit with everything you need to keep your pets happy.
- Butter ‘em Up - Keep outdoor cats inside for at least a week so they can get familiar with their new home. Putting butter on their paws will help imprint the new house as home.
Moving can make pets extra anxious so try to keep to their usual routine as much as possible before, during and after the move as this will make the transition much smoother. Once you’re all moved in, give them lots of extra TLC! |
Back to School Survival Tips
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 The “back to school” days are right around the corner.
Adjusting to “back to school” mode is simple if you prepare in advance and set up a regular routine. Here are a few tips that’ll help make the transition a little easier:
- Back to Bedtimes - Your little night owls will benefit from having bedtimes rolled back a couple of weeks before school starts.
- Get Organized - Designate a central “information station” where schedules are housed and school notes can be processed.
- Adjust Chores - Responsibilities may need to be adjusted depending on the type of chore and change in morning routine.
- Plan Ahead - Get in the habit of doing as much as you can the night before. The morning routine will be smoother if you lay out clothes and make lunches in advance.
- Stay Positive - Returning to school is an emotional adjustment for children so help them stay positive and ensure you’re available as much as possible.
Back to school doesn’t have to be about forgotten lunches, unlabelled belongings and lost permission slips! With a little organization and planning, you'll be able to enjoy the rest of the summer knowing that September will be smooth sailing. |
Frozen Grape Treats
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 Frozen grapes make a refreshing snack on a hot summer day!
Grapes are a healthy food choice that contain potassium, pectin and vitamin C. The best part about frozen grapes is that they’re a cinch to prepare! Here's all you need to do:
- wash and pull the grapes from their stems
- pat dry with a paper towel
- place on a cookie sheet and freeze
- once frozen, store in freezer bags
Frozen grape treats are just like mini popsicles only they’re much healthier! You can even use them as “ice cubes” in your summer drinks. Enjoy!
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Oh by the way, we are never too busy for any of your introductions. If you know of anyone that may benefit from our help please contact us with their name and number and let them know that we will be in touch. We would be privileged to assist them!
If you would like to keep up on the market and would like automatic email notifications of new listings, sales, etc. Click here or drop us an email or give us a call: 250-468-1498 / 250-248-1071 - team@teamw.ca
For the latest real estate updates, including new listings, price changes and upcoming open houses follow me on Twitter and "LIKE" us on Facebook |
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Posted on
July 27, 2014
by
Rudi Widdershoven
| Vancouver Island Real Estate News from Rudi Widdershoven - TeamW |
July 2014 |
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Well we are half way through the summer and what weather we have had. On Vancouver Island we have been very fortunate with the weather for June & July. We are in need of rain and got some relieve earlier this week - to the point that the campfire ban has been lifted.
We hope that you have had time to take advantange of the great weather and maybe take in some of the great activities in the area: International Sandcastle Competition, Kite Festival, abundance of Farmers' Markets, Street Markets, music fesitvals to name a few.
Trish & I are taking an unusual move this year by taking holidays during the summer and actually leaving our wonderful area. We will visiting with my folks in New Brunswick and then going to explore a part of our wonderful country that both of us have always wanted to see - Newfoundland. Maybe we will figure out a way to share our photos / experiences with you next month :)
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Warmest Regards,
Rudi & Trish W. |
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Vancouver Island Experiences Strongest June Sales Since 2007
Taking Advantage of the Mortgage Market
How Green Is Your Thumb?
I Just Can't Put My Finger On It
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Vancouver Island Experiences Strongest June Sales Since 2007
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Sales activity is heating up across the Vancouver Island housing market area, with the Board reporting its strongest June on record since 2007.
A total of 470 single-family homes sold on the MLS® system in the VIREB coverage area in June 2014. While this represents a slight dip over the 485 sales recorded last month, it marks a 23 per cent increase over sales activity this time last year.
Inventory levels continue to remain slightly lower than last year, which is in-line with the trend occurring over the past few months. Active listings for the month of June were down 4.4 per cent over this time last year.
According to BCREA chief economist, Cameron Muir, the sales-to-active listing ratio is sitting around 14 per cent, which puts the Vancouver Island market in the upper boundaries of balanced market territory. This is great news for buyers and sellers, and with home sales on the rise, he expects we will start to see market conditions “firm up” in the third quarter.
Within the greater Parksville - Qualicum Beach region the number of single family sales continues to be more than the same month in 2013, June was up 8%. Also of interest is that the number of new listings for the same period is down 26% and the number of active listings is down by 18%.
Overall higher demand continues and there is a much smaller supply to choose from.
The price spread from list price to sale price seems to be remaining at 95% however our experience is that it is narrowing and we have seen several competitive bids during the last couple of weeks.
When asked about the slight uptick in prices across the Island, VIREB president, Blair Herbert, said that he was not surprised. “With increased consumer demand and rising home sales, pricing should start to rise around the rate of inflation,” he said.
If you would like to discuss your particular situation, we welcome your inquiry and the opportunity to assist you in your decision making to determine if the timing is right for you to purchase or make a change in regards to real estate.
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Taking Advantage of the Mortgage Market
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 Deciding on a mortgage is a huge financial decision.
It’s critical to be organized and do plenty of research before arranging a new mortgage or adjusting one that’s already in place. Here are some points to consider:
- Know Your Numbers - Examine your finances so you’ll know exactly what you can afford. A budget will bring you confidence and peace of mind but the key is to stick to it so you don’t end up house poor.
- Get Advice - There are many different types of mortgages so it's critical to seek professional advice. Interest rates are important but there are other considerations such as the type of mortgage (fixed/variable or open/closed) as well as the loan's duration.
- Be Aware - There are many programs that buyers can take advantage of but it’s important to plan in advance. You’ll also want to be aware of the hidden costs associated with owning a home such as closing, inspection, legal, moving, taxes and maintenance costs.
- Get Pre-Approved - A mortgage pre-approval can save you thousands of dollars and eliminate countless hours of stress. It can also prevent you from losing your dream home as you'll be in a stronger negotiating position at the time of purchase.
- Do the Math - Current homeowners can also explore mortgage refinancing options as even half a percentage point can save you thousands of dollars! The profitability of refinancing however is affected by many variables so examine your individual situation.
No one can forecast the future but it’s a good time to investigate your options if you’ve been sitting on the sidelines. Low interest rates present a huge opportunity for both first time buyers and existing homeowners but it’s critical to plan your budget, understand the risks of the current and future market and explore all your mortgage options. |
How Green Is Your Thumb?
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 Gardening is a great way to bring nature into your backyard.
Gardening brings you in tune with the environment so it makes sense to ensure your garden is a natural and eco-friendly space. There are many ways to work with nature so dig in and consider these options:
- Water Wise - Using a rain barrel to collect water that runs off your roof is a great way to recycle water for lawns and gardens as well as washing cars.
- Grow Local - Local plants are a great garden choice as they’re hardier, use less water, attract birds and butterflies and are easy to maintain.
- Grow Your Own - Nothing beats the taste of home grown veggies and they’re easier to grow than you may think. They can also be grown in containers which is perfect for smaller yards.
- The Dirt on Composting - Kitchen and garden waste can create a rich fertilizer which is often referred to as gardener’s gold! Composting also significantly reduces garbage waste.
- Hug a Tree - Trees remove contaminants from the air while providing habitat for birds and wildlife. They also save energy by keeping your home cool in the hot summer months.
Having an earth friendly garden grown without pesticides benefits your family, your community and the planet. Small changes such as the ones above not only help the planet but can also translate into financial gains for the homeowner! |
I Just Can't Put My Finger On It
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 Laptops come with a variety of tools to help enhance user productivity but we often don’t know how to use them. Here’s a simple tip for easier laptop browsing!
Rather than clicking and dragging the scrollbar to navigate a website or document, simply slide two fingers on the touchpad in the direction you want to scroll.
This simple trick will save you loads of time as it moves your entire page up and down much like a scroll wheel does on a mouse. Go ahead and give it a go right now! |
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Oh by the way, we are never too busy for any of your introductions. If you know of anyone that may benefit from our help please contact us with their name and number and let them know that we will be in touch. We would be privileged to assist them!
If you would like to keep up on the market and would like automatic email notifications of new listings, sales, etc. Click here or drop us an email or give us a call: 250-468-1498 / 250-248-1071 - team@teamw.ca
For the latest real estate updates, including new listings, price changes and upcoming open houses follow me on Twitter and "LIKE" us on Facebook |
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Posted on
July 5, 2014
by
Rudi Widdershoven
The number of single family sales continues to be more than the same month in 2013, June was up 8%. Also of interest is that the number of new listings for the same period is down 26% and the number of active listings is down by 18%.
Overall higher demand continues and there is a much smaller supply to choose from.
The price spread from list price to sale price seems to be remaining at 95% however our experience is that it is narrowing and we have seen several competitive bids during the last couple of weeks.
If you would like to discuss your particular situation, we welcome your inquiry and the opportunity to assist you in your decision making to determine if the timing is right for you to purchase or make a change in regards to real estate.
Warmest Regards,
Rudi & Trish W.
Click Here to View June Market Stats
Posted on
June 21, 2014
by
Rudi Widdershoven
Sales activity across the Vancouver Island housing market area continued with an upward swing this May, paving the way for a strong summer market.
Inventory levels continue to remain slightly lower than last year, with active single family listings down approximately nine per cent in the greater Parksville – Qualicum Beach region.
If you would like more details please contact TeamW – Rudi or Trish Widdershoven.
Click Here to view the Parksville-Qualicum Beach Real Estate Stats for May 2014
Posted on
June 21, 2014
by
Rudi Widdershoven
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Vancouver Island Real Estate News from TeamW - Rudi & Trish |
June 2014 |
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Where does time go - the 1st day of summer is almost upon us, we are looking forward to attending our neighbour's Summer Solstice gathering on the 21st.
The market continues to be quite active. Our son has been transferred and has recently sold his home in Comox and bought a home in Chilliwack. Now they are preparing for the actual move itself and it has been very interesting, and a good reminder, to see / hear first hand of the questions, hesitations, excitement, etc. that people go through when making a move. It will no doubt help us to relate even better to our clients and what they go through, it has been 10 years since we have made a move.
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Warmest Regards,
Rudi & Trish W. |
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Healthy May Market Paves the Way for Strong Summer Sales
Natural Mosquito Repellents
The Green House Effect
There's a Lot at Steak!
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Healthy May Market Paves the Way for Strong Summer Sales
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Sales activity across the Vancouver Island housing market area continued with an upward swing this May, paving the way for a strong summer market.
A total of 485 single-family homes sold on the MLS® system in the VIREB coverage area in May 2014.
This represents an 8 per cent increase over sales recorded last year at this time.
Inventory levels continue to remain slightly lower than last year, with active listings down approximately two per cent.
According to VIREB president, Blair Herbert, the lower inventory has not had much of an impact on pricing trends, as home prices have remained relatively stable. “Typically, when listing inventory is down, the market begins to experience some modest pressure on pricing; however, this has not been the case in the VIREB market area thus far,” he said.
“The Vancouver Island market continues to be very affordably priced for buyers in comparison to some of the larger urban markets across the country,” said Herbert. “In terms of overall value for your dollar, our market is very attractive.”
According to BCREA chief economist, Cameron Muir, low interest rates continue to be a powerful incentive to get into the marketplace. While market activity has remained robust, he does not anticipate any movement in the housing market until later this year. “We are in a bit of a holding pattern as we wait for the economy to catch up, particularly on the job front,” he noted.
You can see an overview of the statistic for the greater Parksville - Qualicum Beach area on our web site at http://www.teamw.ca or feel free to contact us for more detailed information or to discuss your particular situation. |
Natural Mosquito Repellents
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 Pesky mosquitoes really know how to ruin outdoor fun.
Mosquitoes are obviously a real nuisance but more importantly, they can carry diseases such as West Nile disease and malaria. Here are a few natural solutions that’ll help repel those little bloodsuckers:
- Oil Up - The mixture of eucalyptus and lemon oils are a very effective way to naturally repel mosquitoes. Mix the oils in equal proportions and apply on your body.
- Empty Out - Mosquitos are attracted to standing water so empty out flowerpots and pet dishes and repair leaky pipes and faucets.
- Nature’s Own - Certain plants and herbs such as mint, marigold, catnip, rosemary and lemon grass are effective in keeping pests away.
- Get Batty - Consider installing a bat house in your yard. Although the idea of furry, flying creatures may not appeal to you, their large appetite for mosquitoes will make up for it.
Protect yourself this summer by trying a variety of alternatives and avoid wearing dark clothing and heavy fragrances. If you’re a mosquito magnet, you may be tempted to try some of the “tall tales” such as garlic, dryer sheets and vitamin B. Although there’s no scientific proof, many people swear by them! |
The Green House Effect
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 Homeowners everywhere are demanding eco-friendly choices.
Enjoying a green home not only helps protect the environment but will also yield you long-term financial benefits. Here are a few environmentally friendly ideas to keep in mind if you’re looking to update your home:
- It’s a Tankless Job - A tankless water heater may cost more initially but you’ll save money in the long run as water's only heated when it’s needed.
- Sunny Side Up - Installing solar panels will cut the cost of your electricity bill, contribute to the fight against global warming and add value to your home.
- Breathe Easy - Volatile organic compounds (VOCs) are emitted from building materials such as cabinets, carpet and paint and are detrimental to our health. Improve your air quality by using VOC alternatives.
- Hug a Tree - Cork, reclaimed wood and bamboo are all environmentally friendly flooring options. The carpet industry is also starting to meet the needs of conscious buyers by using recycled materials and natural fibres.
- Add-Ons - Consider the environmental impact of your choices when adding extra rooms by insulating the walls and strategically placing windows to take advantage of the sun's heat.
- Reuse & Repurpose - Using salvaged and reclaimed building materials for your renovations will add unique style and function to your home while saving the planet and your pocketbook.
If you’re thinking about remodeling, there are many choices available that will help make a huge impact on the environment. Buyers are looking for greener alternatives so making these kinds of changes will help down the road when you’re looking to sell. |
There's a Lot at Steak!
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 There’s nothing better than grilling a steak in the great outdoors!
The sizzle and aroma of a BBQ is a sure sign that summer’s just around the corner. No one likes a dry, overcooked steak so here are a few tips to ensure your steak gets the best treatment:
- Let it Sit - Bring the steak to room temperature before grilling as it will cook more evenly.
- Fire it Up - A hot grill results in a juicer steak so always preheat your BBQ.
- Don’t Poke - Never cut into a steak to see if it’s done as the juices will escape.
- Rest Easy - Let it rest for 5 minutes under tented foil to allow the juices inside to redistribute.
The type of beef obviously makes a huge difference to the taste but many experts say that marbling (the thin white streaks of fat) is just as important as it makes for a juicer, more tender steak. Happy Grilling! |
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Oh by the way, we are never too busy for any of your introductions. If you know of anyone that may benefit from our help please contact us with their name and number and let them know that we will be in touch. We would be privileged to assist them!
If you would like to keep up on the market and would like automatic email notifications of new listings, sales, etc. Click here or drop us an email or give us a call: 250-468-1498 / 250-248-1071 - team@teamw.ca
For the latest real estate updates, including new listings, price changes and upcoming open houses follow me on Twitter and "LIKE" us on Facebook |
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Posted on
May 16, 2014
by
Rudi Widdershoven
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Vancouver Island Real Estate News from Rudi Widdershoven |
May 2014 |
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 Spring is here and flowers are blooming, rhodos are out and the azalea blossoms are almost done. The weather in our area has been quite enjoyable and gardners are getting ready to plant. We have had the opportunity to enjoy the patio & outdoor fireplace on several occassions this year with friends & family. The weeds are calling & growing like crazy!
Trish has now been relicensed for 3+ months and is enjoying her time back in the business, and for the most part is not over doing it.
Our son and family in Comox are on the move as he has accepted a transfer to the training centre in Chilliwack where he will instruct - he is quite looking forward to the new experience. Andrea will enjoy being closer to her family and Kelser will have more opportuities to play with cousin Sam & his other 3 older cousins. However we will miss their frequent visits to our home.
Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Warmest Regards, Your Friends in real estate,
Rudi & Trish W. |
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Balance Market Conditions Good News for Buyers and Sellers
A Few Tips that Spring to Mind
Don't Get Hooked on the Latest Email Scams
Tune Your Bike Up for Spring
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| Balance Market Conditions Good News for Buyers and Sellers |
Home sales across the Vancouver Island region have remained relatively steady over the past four months, indicating stability and renewed confidence in the residential housing market.
A total of 360 single-family homes sold on the Multiple Listing Service® (MLS®) system in the VIREB coverage area in April 2014.
This represents a 1.1 per cent increase over unit sales recorded last month, and a 12 per cent decrease in unit sales over April of last year.
According to VIREB president, Blair Herbert, although unit sales have edged down slightly from this time last year, when looking at the 12 month-to-date comparative figures, the Board is actually reporting a 15 per cent increase.
Interestingly enough in the greater Parksville - Qualicum Beach region overall single family sales were up 18% for April versus April 2013. And for the 1st 4 months sales are up 31% over the same time in 2013.
“Low interest rates continue to under pin demand in the spring market,” noted BCREA’s chief economist, Cameron Muir. “We anticipate a seasonal influx of listing activity, and anticipate the second half of the year will be stronger in terms of sales activity as the economy begins to pick up.”
If you wish to see more details visit http://rudiw.com/blog.html or for an indepth look at sub-areas or other styles of real estate contact Rudi or Trish to discuss. |
A Few Tips that Spring to Mind
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 The birds are chirping and gardens are blooming!
Home sales surge during spring as the nice weather encourages people to fix up their homes and check out what else is on the market. Here are a few ways to take advantage of spring fever, whether you are moving or wanting to enjoy your current home:
- Flower Power - Place a few vases of fresh cut flowers throughout your home.
- Spring Fling - Freshen up your home with a thorough spring clean and de-clutter.
- Curb Appeal - Prune and trim shrubs and trees, rake the grass and add flowerpots around the front door.
- Outdoor Living - Families are entertaining and relaxing more at home so extend your inside space outdoors with comfortable seating and great lighting.
- Wide Open - Clean and open your windows so the sun shines in and fresh spring air flows throughout your home.
- Refresh Your Nest - Inject vitality to your space by swapping out couch cushions and throws for shades and fabrics that reflect spring.
If you plan on putting your home on the market this spring, use the season to highlight its best features so it stands out from the competition. You only have one chance to make a great first impression so take advantage by clearing out the cobwebs and making your home spring fresh! |
Don't Get Hooked on the Latest Email Scams
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 Cyber scammers are always looking for ways to trick you.
If you stay one step ahead of the latest email frauds, you’ll be less likely to be taken in by them. Here are a few current scams that are circulating:
- Heartbleed Heartache - Scammers are capitalizing on the recent “Heartbleed” bug by directing users to fake websites where they’re instructed to change their passwords.
- Fifa Fever - Emails that purport to come from Fifa regarding the upcoming World Cup say you’ve won tickets and need to hand over personal information to claim them.
- Fake Funerals - Fraudsters notify recipients about a funeral for a “friend” but when the link is clicked, a virus or spyware is uploaded and installed.
- Tax Time Trouble - Emails which appear to come from a government office request your personal details so that your tax return can be completed.
Always be suspicious of emails that claim you’ve won something or need you to verify personal information and passwords. Fraudulent emails are often riddled with spelling and grammatical errors but sometimes they appear very credible so if in doubt, just hit the delete button! |
Tune Your Bike Up for Spring
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 It’s time to dust off your bike and haul it out of storage!
Whether you’re biking to work or hitting the trails, you’ll want to make sure your bike’s safe and reliable. Here are a few points to keep in mind:
- Gears - Make sure your gears shift smoothly.
- Chain - Inspect, clean and dry the chain before applying oil.
- Tires - Check the tire pressure and make sure the wheels are secure.
- Brakes - Adjust brake cables and check brake pads for excessive wear.
If you don’t feel comfortable tuning up your bike, take it to a local bike shop. It’s well worth it as regular maintenance will extend the life of your bike and will ensure you’re always ready to ride! |
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Oh by the way, we are never too busy for any of your introductions. If you know of anyone that may benefit from our help please contact us with their name and number and let them know that we will be in touch. We would be privileged to assist them!
If you would like to keep up on the market and would like automatic email notifications of new listings, sales, etc. Click here or drop us an email or give us a call: 250-468-1498 / 250-248-1071 - team@teamw.ca
For the latest real estate updates, including new listings, price changes and upcoming open houses follow me on Twitter and "LIKE" us on Facebook |
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| Not meant to solicit clients already under contract. |
Posted on
May 2, 2014
by
Rudi Widdershoven
The latest real estate statistics are out from VIREB (Vancouver Island Real Estate Board) and the selling market continues to be stronger than 2013. In summary the number of sales of single family homes in the greater Parksville – Qualicum Beach region for April are up 18% (31% for the first 4 months of the year) while current inventory is down 15%.
It is important to look at all aspects of the market and the variety of statistics before making a decision as different areas and different styles of real estate have different activities in the current market, examples are:
Apartment condo inventory is up 43%;
Median sale price in greater region is $363,000 while in Parksville itself it is $327,000
Contact us, or your personal REALTOR, if you would like more detailed statistics as it is important to make informed decisions.
Click Here to view the Parksville-Qualicum Beach Real Estate Stats for April 2014
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