Vancouver Island Real Estate News from Team W August 2011   

Hi Paul,

Happy summer everyone!  We hope you are having an amazing summer and enjoying your family and home!  We certainly have...we were out in the kayaks this morning and Rudi even managed to take some well deserved time off to enjoy the grandchildren while they were here on holidays.  We went to Mclean Mill in Port Alberni by Steam train this week, check it out, it is worth the drive to see a almost 75 year old mill in operation!  The weather has not been too cooperative but it is still the most moderate in the country and more comfortable than the rest of Canada with too much heat (& bugs!).  We are enjoying our little piece of paradise more every day!  We have great news too, our daughter Jessica got engaged to her new beau Angus MacLean in July & they are planning to get married at our home sometime in the next year!

In this issue...
Delicious!!Grilled Pineapple on the BBQ 
Grilled pineapple is an easy, delicious finale to a backyard BBQ.  This delicious dessert tastes even better with a side of vanilla ice cream!  Here's what you'll need:

  • 1 pineapple, cored and peeled
  • 2 tbsp. brown sugar
  • 1 tsp. cinnamon
  • 2 tbsp. melted butter

Lightly oil the grill and preheat the BBQ to medium.  Cut the pineapple into 1 inch slices.  Combine brown sugar and cinnamon.  Brush pineapple with butter and then pat on sugar mixture.  BBQ for 5 minutes, turning occasionally.  Serve and enjoy!

Vancouver Island Real Estate Market Report 
MLS®) system sales summary released by Vancouver Island Real Estate Board (VIREB) July 2011, 2% decline in single family unit sales compared to July 2010. 

The average price of a single family home sold July 2011 MLS® in Parksville Qualicum area was $396,291 up 4% from 2010 & the number of sales was up 10% to 64 (thought year to date still down).  Lots sales were down by 42 % for the past 12 months with the average price up 8 % to $179,154.  Waterfront was another story, with sales down 13% & the avg price of $722,173 down 6% over the past 12 months.  Different segments of the market are performing differently.  Ask us anytime about your particular area of interest!

Jim Stewart, VIREB President says; “We are continuing to see stable market conditions, but as the selection of homes increases it is important that sellers price their home competitively.”

There were 132 single family homes listed in the Parksville-Qualicum area in July, bringing the active single family homes available through the VIREB MLS® system to 492, up from 417this time last year (+18%).

 Different areas & neighbourhoods are preforming differently.The 12-month period from July 2010 to July 2011, average sale prices saw:  Campbell River down 3% to $293,370; the Comox Valley up 1% to $351,959; Nanaimo was down 7% to $354,077; Parksville/Qualicum was up 4% to $393,230; Port Alberni down 13% to $219,759; and the Cowichan Valley up 7% to $351,725.

VIREB cautions that avg price information can be useful as a trend over time, but does not indicate the actual prices in centers of  divergent neighbourhoods or account for price differential between geographic areas.

Tips for Empty Nesters -- After the Kids Fly the Coop 
When your children "finally" leave home, you'll be presented with a number of  challenges.  It's easy enough to spin this life change into a positive experience, with some preplanning.

Many empty nesters opt to sell their homes and buy smaller properties in order to free up capital and reduce maintenance costs.  There are however some important points to keep in mind, including whether the kids & grandkids will eventually want to come and visit, as we have experienced.  We thought we could downsize but it did not work for us.  We did not see enough of our kids & their mates (& the grandkids as they have appeared!).  Here are a few tips, as you consider your options:

  • condos are great for travelers as there's very little maintenance, but you need to be willing to share your space & investment control with others.
  • consider whether you want to drive to all amenities or to live "closer to everything"
  • plan ahead for the years when stairs may become a challenge, though we have many folks who subscribe to the "Use it, or lose it!" school of thought!
  • be sure your new abode has room for visitors & future grandchildren, if desired!

If you're not quite ready to sell & move on, consider transforming a bedroom into your  own personal retreat.  Select the room with the best outdoor view, remove the bed, paint the room a relaxing shade and bring in a comfortable chair.  Now you’ll have a spot to call your own where you can do whatever you please!

Empty nesters may travel more, so you'll want to consider updating your security features.  Make sure locks on doors & windows work and that outside doors are hinged inside.  Have a friend or neighbour park in your driveway and collect your mail or consider hiring a "home away service".

It's a big adjustment when the kids leave home so take your time and don't make rash decisions.  You may find it difficult at first but it’s a great opportunity to pursue hobbies, or volunteer!  Make sure you turn your new found freedom into a positive experience by viewing it as an opportunity to focus on yourself.

 





PS Oh by the way, I am never too busy for any of your introductions.  If you know of anyone that may benefit from my help please contact me with their name and number and let them know that I will be in touch.  I would be priveleged 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, drop us an email at team@teamw.ca or give us a call, 250-468-1498.


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