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Scott & Marcella's unique approach to Real Estate sales blends full MLS listing service and exposure with online social marketing to reduce expenses passing the savings on to their Sellers. 90-95% of ALL home sales are the result of a seller's and buyer's agent working together so they always recommend offering the buyers agent's the same fees as other companies.  This ensures sellers get full exposure and achieve the best price in the least amount of time with Top One Percent results. Click here to see how much you can save now!


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We are proud to announce that this Nov 21st, 1:30 PM to 4:00 PM we will be hosting an Open House at 5865 BURNS Place in the Upper Deer Lake neighborhood, Burnaby South. This is an opportunity to visit this excellent House for sale in beautiful Upper Deer Lake.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Upper Deer Lake House for sale.

As always please do not hesitate to give me a call at 604.595.2896 if I can answer any questions before the open house, or if you would like to book a private showing.

Scott & Marcella Williams
Fair Realty

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  • Cash Back of 5 % of Purchase Price paid to the Lawyer on closing.
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    For immediate release

    BC Home Sales Trend Higher

    Vancouver, BC – November 15, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,507 units in October compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per cent in October from September 2010. The average MLS® residential price climbed 6 per cent to $521,859 in October compared to the same month last year.

    "BC home sales have posted moderate gains since the summer months," said Cameron Muir, BCREA Chief Economist. "Consumer demand was bolstered by double-dip in mortgage interest rates and the associated increase in purchasing power."

    "Total active residential listings in the province have declined 18 per cent since June," added Muir. "However, the housing market remains tilted in favour of homebuyers."

    Year-to-date, BC residential sales dollar volume declined 2 per cent $32.5 billion, compared to the same period last year. Residential unit sales declined 10 per cent to 64,735 year-to-date, while the average MLS® residential price climbed 9 per cent to $502,353 over the same period.


    For the complete news release, including detailed statistics, click here: BCREA News Release, sales trending higher.


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    News Release: November 2, 2010

     

    Fraser Valley housing market “getting back to normal”      

    (Surrey, BC) – Fraser Valley’s real estate market moved towards balance in October as inventory continued to decrease and sales and prices remained stable.

     

    A total of 1,014 sales were processed on the Fraser Valley Real Estate Board’s Multiple Listing Service® in October, a decrease of 3 per cent compared to 1,044 sales in September and a decrease of 40 per cent compared to 1,704 sales in October of last year.

     

    Deanna Horn, FVREB President, says, “With help from near record low mortgage rates and a steady decrease in the supply of homes, we’re getting back to what I call a ‘normal’, balanced market.

     

    “However, sellers should be aware that demand for homes is strong, yet selective. Buyers in the Fraser Valley recognize that selection, although dropping is still generous and they’re looking for properties priced competitively. Even with carrying costs remaining stable, the affordability threshold is a factor.”

     

    The Board received 2,125 new listings last month, a 12 per cent decrease from September and a 25 per cent decrease compared to October 2009. The Board finished October with 9,561 active listings, 4 per cent fewer than in September and an increase of 9 per cent compared to the 8,807 properties available in October 2009.

     

    Horn adds, “When supply and demand move into balance, prices can become a real ‘sticking point’ underlining the importance of hiring a professional REALTOR® who knows your local market and can provide detailed comparisons to ensure your home is priced competitively.”

     

    The benchmark price for Fraser Valley detached homes in October was $505,759, down 0.3 per cent compared to September and 3 per cent higher compared to $491,128 in October 2009.    

     

    The benchmark price of Fraser Valley townhouses in October was $319,058, a 0.9 per cent decrease compared to September and a 2.2 per cent increase compared to October 2009 when it was $312,339.

     

    Year-over-year, the benchmark price of apartments increased 0.2 per cent going from $240,048 in October 2009 to $240,542 last month and 0.4 per cent higher compared to September 2010.    

     

    Information and photos of all Fraser Valley Real Estate Board listings can be found on the national, public web site www.REALTOR.ca. Further market statistics can be found on the Board’s web page at www.fvreb.bc.ca. The Fraser Valley Real Estate Board is an association of 2,925 real estate professionals who live and work in the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission. 

     

     

     

     

     

     

     

     

     

     

     

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    We are proud to announce that this Oct 16th, 2:00 PM to 4:00 PM we will be hosting an Open House at 11268 KENDALE Place in the Annieville neighborhood, N. Delta. This is an opportunity to visit this excellent House for sale in beautiful Annieville.

    Please come with any questions you may have. In the meantime you can take a virtual tour of this Annieville House for sale.

    As always please do not hesitate to give me a call at 604.595.2896 if I can answer any questions before the open house, or if you would like to book a private showing.

    Scott & Marcella Williams
    Fair Realty

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    We are proud to announce that this Oct 3rd, 2:00 PM to 4:00 PM we will be hosting an Open House at 9382 122ND Street in the Queen Mary Park Surrey neighborhood, Surrey. This is an opportunity to visit this excellent Townhouse for sale in beautiful Queen Mary Park Surrey.

    Please come with any questions you may have. In the meantime you can take a virtual tour of this Queen Mary Park Surrey Townhouse for sale.

    As always please do not hesitate to give me a call at 604.595.2896 if I can answer any questions before the open house, or if you would like to book a private showing.

    Scott & Marcella Williams
    Fair Realty

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    FVREB News Sept 20, 2010 

    It’s not quite a "tale of two markets," but the differences are apparent when you overlay two graphs from the Fraser Valley Real Estate Board (FVREB) and Real Estate Board of Greater Vancouver (REBGV) showing the ratio of sales to active listings over the past year.

    Comparing the volume of sales to available inventory is a common market "barometre" used by industry analysts including senior economists at both the BC Real Estate Association and Canada Mortgage and Housing Corporation. FVREB also features a sales-to-actives graph comparing 10 years of data in our monthly statistical package.

    When the ratio of sales to actives is in the range of 18 to 22 per cent, the market is considered balanced. When it starts to rise above 22 per cent, the market is starting to favour sellers and vice versa, buyers are in the driver’s seat when it’s below 18. Of course, there is wiggle room on either side of the balance range.

    A member recently posed the question, what does our graph look like for the past 12 months only? We took that suggestion one step further to also compare it to that of Greater Vancouver.

    REBGV was in a solid sellers’ market in August and September of 2009, while Fraser Valley was in balanced territory. In November and December, the differences were even more noticeable as Fraser Valley hovered on the brink of a buyers’ market, while conditions in Greater Vancouver still favoured sellers.

    Both boards show the same trends of the market slowing at the beginning of 2010 followed by a quick recovery in the spring and then another downturn this past summer. Note that Fraser Valley’s market generally tends to favour buyers except for June of 2010, when the pre-HST rush inched us towards balance again.

    Why the differences? Deanna Horn, FVREB President, says, "Although our two markets work in tandem, there are subtleties to each that only REALTORS® would be aware of, underlining the value for members of the public of working with their local REALTOR®."

    The two Boards’ market ePolls for the past year show that for REBGV, first-time buyers represent an average of 40 per cent of their market. In Fraser Valley, the average was 32 per cent. People moving from outside Canada represent less than three per cent on average of Fraser Valley’s market, whereas in Greater Vancouver, it’s consistently more than double at seven per cent or higher every month.

    Cameron Muir, Chief Economist, BCREA, says, "Canada is an attractive place to buy because of its stability. BC gets the cream of the crop of immigrants in Canada with 55 per cent of investor migrants coming here."

    Looking forward, Muir expects to see market improvements on both sides of the Fraser River moving forward towards fall and winter: "The volatility in consumer demand characteristic of the past 24 months is expected to give way to more gradual improvement through 2011."

    To read the current BCREA Housing Forecast Update, go to: www.bcrea.bc.ca/economics/HousingForecast.pdf.
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