Vancouver Island Real Estate News from Rudi Widdershoven - teamW June 2012   

Hi Paul,

We hope that all is well with you and yours and that you are getting to take advantage of the sunshine, when it is out!

Though we have seen the volume of real estate transaction is down 20% for the 1st 5 months of the year we are still seeing activity and it appears that June is a bit more active.  We are looking forward to consistent good weather and increased activity in the market.
 
Thanks so much for checking out this month's newsletter.  Please let us know if you have any questions or comments regarding the articles or real estate in general -- it would be great to hear from you!

Warmest Regards,
Rudi W.

In this issue...
Vancouver Island Housing Market 
Multiple Listing Service® (MLS®) sales summary data released by the Vancouver Island Real Estate Board (VIREB) shows that across VIREB’s coverage area in May average sales prices edged downward four per cent over what they were in May 2011.  The average sales price for a single family home sold within the VIREB region in May was $343,662 down from the May 2011 average price of $356,450.

The number of single family home sales (on a year to year basis) in the greater Parksville - Qualicum Beach area decreased by 19% for the 1st 5 months of the year. By the end of May 2011, 245 single family homes were sold, in comparison 199 single family home sales were recorded at the end of May 2012.  There was also a modest decrease (1per cent) in the number of homes listed during the same time period as compared to 2011.

As of the end of May 2012 there were 484 single family homes available on the Multiple Listing Service® (MLS®) within the greater Parksville - Qualicum Beach area, up four per cent from the 465 homes in the system at the end of May 2011.  In May there were 152 homes listed on the MLS® system, down 3% from the 156 homes listed during May 2011.

“When you look at the housing inventory you can see that there is quite literally something for everyone,” Bezeau said.  "Always check with your local REALTOR® to receive an accurate picture of your immediate market.”

Comparing May 2012 to May 2011, the average sale prices across VIREB's six zones saw: Campbell River increase 6 per cent (to $306,908), the Comox Valley dipped one per cent to $361,537, Nanaimo’s average sales price was down eight per cent to $349,554 from the May 2011 price of $379,410, Parksville/Qualicum recorded a one per cent decline to $414,944, Port Alberni/West Coast dropped 13 per cent to $202,256 and the Cowichan Valley increased eight per cent to $358,475.

Soothe Your Garden's Soul with a Water Feature 
Your backyard is the perfect place to take a break from the busy pace of modern life.  Installing a water feature will help transform your garden into an oasis of tranquility and may also increase the value of your home.
 
Water attractions can be as simple or complex as your budget allows.  Installing a pond is more involved since you have to dig and line a hole.  Safety is of course a critical concern if you have small children and if you plan on digging, contact the appropriate utility companies to ensure you don’t break a line. 
 
Keeping fish and other aquatic life means you’ll create an environmentally friendly haven for wildlife such as frogs, birds and butterflies.  There's also a wide range of green alternatives such as solar powered fountains to choose from.  By utilizing the sun's rays you'll use less power, enjoy lower electricity bills and won't get in a tangle over electrical cords!
 
It’s important to spend time during the planning stage to ensure your water feature will integrate with your landscape and environment.  Once you’ve finished designing and implementing your new eye catching water feature, find a comfortable seat and enjoy the peace and tranquility.

Don't Get Left Out In the Heat 
If something's going to go wrong with your A/C, it'll likely happen at the beginning of a heat wave.  You'll roast for days until a technician’s able to come out and when they do, the repair cost will make your blood boil!
 
A neglected air conditioner isn't as efficient or reliable so it's important to have it serviced every so often in order to ensure optimum performance.  The service check will include cleaning the unit coils, checking the amp draw of the compressor, adjusting the belts and topping up the fluid.
 
Regularly servicing your air conditioner will prevent wear and tear plus it will increase the efficiency of your unit which in turn will reduce your electricity bills.  Don't let it slide again this year!  Schedule your check-up today and avoid being left out in the heat.

Food for Thought 
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
 



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 or drop us an email or give us a call:  250-248-1071 / team@teamw.ca


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