Frank Mihal (www.frankmihal.ca) : Blog http://www.frankmihal.ca/Blog.php This page contains the blog. Fri, 30 Jul 2010 21:33:45 -0700 http://ubertor.com/?v=1.0 en July 2010 News Release http://www.frankmihal.ca/Blog.php/156 Mon, 05 Jul 2010 20:04:00 -0700 Frank Mihal News Releases http://www.frankmihal.ca/Blog.php/156 FRASER VALLEY REAL ESTATE MARKET PICKS UP IN JUNE

Sales processed on the Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) increased by 23 per cent in one month going from 1,477 sales in May to 1,815 in June. June’s numbers represent an 8 per cent decrease compared to the 1,982 sales during the same month last year.

Deanna Horn, president of the Board, says, “Historically, it’s not unusual for June sales to outperform May in the Fraser Valley. This has happened in nine of the last twenty years.

“However, a 23 per cent increase in one month is significant. We were busier than expected and it could be due to the combined effect of mortgage rates edging down, the Harmonized Sales Tax coming into effect July 1, as well as the tremendous selection of homes available in the Fraser Valley.

“Although we’re seeing a decrease in the number of new properties coming on stream, June buyers have only had this volume of homes to choose from two other times in our history, in 1995 and 2008.”

The total active inventory on Fraser Valley’s MLS® at month’s end was 11,110, 19 per cent more than was available in June 2009. The Board’s MLS® received 9 per cent fewer new listings in June compared to May, good news according to Horn.

“Listings typically do decrease in the summer, which will continue to stabilize the market.

“Over the last few months, we’ve seen residential benchmark prices leveling. Year-over-year, price increases may still appear dramatic depending on the property type and location because at this time last year, we hadn’t yet begun our recovery phase.

“In a stabilizing market, consumers know to rely on the expertise of a REALTOR® because prices are highly local and competitive.”

In June, the benchmark price for Fraser Valley detached homes was $518,355, a 9.9 per cent increase compared to $471,788 in June 2009.   

The benchmark price of Fraser Valley townhouses in June was $328,080, a 9 per cent increase compared to $301,103 in June 2009.  The benchmark price of apartments increased by 6.6 per cent year-over-year going from $231,014 in June 2009 to $246,351 in June 2010.  

]]> 142 10838 CITY Parkway, North Surrey, British Columbia http://www.frankmihal.ca/Blog.php/154 Wed, 30 Jun 2010 09:40:42 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/154 I just finished uploading this Condo for sale, 142 10838 CITY Parkway, North Surrey, British Columbia

Fabulous 1 bedroom plus bonus den with your own extremely rare, grass backyard!! Updated laminate flooring, stainless steel appliances, 9' ceiling and granite countertops throughout the kitchen and bathroom. Enjoy the complex amenities incl uding an exercise room, hottub and sauna! Immaculate unit and ready to move right in! No rental restrictions also makes this a great buy for investors.

]]> 5010 197TH ST, Langley, BC http://www.frankmihal.ca/Blog.php/153 Fri, 18 Jun 2010 11:11:39 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/153 I just finished uploading this House for sale, 5010 197TH ST, Langley, BC

Come take a look at this gorgeous home situated on a quiet cul de sac in one of Langley's most desirable neighbourhoods. Huge private backyard w/large walk out patio, perfect for entertaining. Many updates include a new maple kitchen, flooring, stainless steel appliances, new windows, furnace, garage door plus much more! Truly a must see home!!

]]> 301 16137 83RD Ave, Surrey, British Columbia http://www.frankmihal.ca/Blog.php/152 Fri, 18 Jun 2010 10:54:15 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/152 I just finished uploading this Condo for sale, 301 16137 83RD Ave, Surrey, British Columbia

Top Floor Condo at the Fernwood. This very quiet and private 2 bed 2 bath corner unit condo has everything you are looking for. Updated laminate flooring, crown moulding, fresh paint and loads of natural light! Huge kitchen great fo r entertaining & even bigger master bedroom with walk-in closet. Enjoy the west facing patio with double access off the living room & master bedroom. 2 parking stalls and just steps to everything the Fleetwood Town Center has to offer. An absolute must see!

]]> 201 9072 FLEETWOOD Way, Surrey, British Columbia http://www.frankmihal.ca/Blog.php/151 Thu, 10 Jun 2010 16:16:30 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/151 I just finished uploading this Townhouse for sale, 201 9072 FLEETWOOD Way, Surrey, British Columbia

Fabulous corner unit townhome in Wynd Ridge. Rarely available 2 large bedrooms, 2 bathrooms and over 1500 sqft! Skylight entry, 2 patio and vaulted ceilings throughout. Updated appliances and brand new laminate in the kitchen. A very unique floor plan with an extra deep garage. N, W, S, exposure and loads of natural light. Gated complex. Just steps to Save On Foods, transit, shops, medical services and surrounded by a beautiful park. The perfect place to call your new home!

]]> 7283 111A Street, N. Delta, British Columbia http://www.frankmihal.ca/Blog.php/150 Thu, 10 Jun 2010 15:03:47 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/150 I just finished uploading this House for sale, 7283 111A Street, N. Delta, British Columbia

Come take a look at this 6 bedroom plus rec room home in this desirable North Delta neighborhood. Many updates throughout including the huge sundeck overlooking the fully fenced backyard. Just a few blocks away from instant hwy access. 2 be droom suite is a huge bonus! A must see, call for your private viewing.

]]> Why did this Real Estate Agent even bother sending me this offer? http://www.frankmihal.ca/Blog.php/149 Thu, 10 Jun 2010 12:39:27 -0700 Frank Mihal Videos http://www.frankmihal.ca/Blog.php/149

Why did this Real Estate Agent even bother sending me this offer?

Frank Mihal video blogs about an offer he just received on one of his surrey listings. The offer came in from another REALTOR and was a offer subject to the sale of the buyer's home. Frank states that this is usually ok if the buyer's home is already on the market or will be within a weeks time, however the buyer's are currently updating the home and will only be listing it in about a months time. Frank simply rejected the offer as he will not tie up his seller's property for that amount of time if the home is not even on the market. The buyer's Real Estate Agent still doesn't understand why his offer was rejected??? Scary! If you have any questions or comments, feel free to contact Frank at http://www.FrankMihal.ca

]]> Be carefull when you do this to your townhouse! http://www.frankmihal.ca/Blog.php/148 Tue, 08 Jun 2010 14:28:04 -0700 Frank Mihal Videos http://www.frankmihal.ca/Blog.php/148

Be carefull when you do this to your townhouse!

Frank Mihal video blogs to let people know that they should get permission from strata if they are planning on building a wall and blocking off half of their double tandem garage, in order to make an extra "room". The wall itself isn't normally an issue, however the electrical etc that is installed definitely is! You may not only get fined, but the strata may be able to make you take everything out that you put in, so get permission first! If you are purchasing a townhouse with this already done, check with the strata if they have allowed it, so there will be no future headaches or fines. If you have any questions or comments, feel free to contact Frank at http://www.FrankMihal.ca

 ]]> 315 10082 132ND Street, North Surrey, British Columbia http://www.frankmihal.ca/Blog.php/147 Sat, 05 Jun 2010 13:21:54 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/147 I just finished uploading this Condo for sale, 315 10082 132ND Street, North Surrey, British Columbia

Your home search finishes here with this completely updated gorgeous 1 bedroom condo at Melrose Court! A fresh coat of designer paint, 5" baseboards and the amazing dark wood floors are just the start. West facing so you get loads of natura l light as well. Just steps to the skytrain and Central City mall, and all that Surrey's downtown city centre has to offer! Needs absolutely nothing, just move right in! A must see!

]]> 26 15152 62A Ave, Surrey, British Columbia http://www.frankmihal.ca/Blog.php/146 Sat, 05 Jun 2010 13:17:18 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/146 I just sold this Townhouse at 26 15152 62A Ave, Surrey, British Columbia .

View this recently sold Townhouse or see all my home sales

]]> 405 10455 134TH Street, North Surrey, British Columbia http://www.frankmihal.ca/Blog.php/145 Sat, 05 Jun 2010 13:16:14 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/145 I just sold this Condo at 405 10455 134TH Street, North Surrey, British Columbia .

View this recently sold Condo or see all my home sales

]]> 422 10866 CITY Parkway, North Surrey, British Columbia http://www.frankmihal.ca/Blog.php/144 Sat, 05 Jun 2010 13:15:05 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/144 I just sold this Condo at 422 10866 CITY Parkway, North Surrey, British Columbia .

View this recently sold Condo or see all my home sales

]]> 2609 13618 100TH Ave, North Surrey, British Columbia http://www.frankmihal.ca/Blog.php/143 Sat, 05 Jun 2010 13:14:06 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/143 I just sold this Condo at 2609 13618 100TH Ave, North Surrey, British Columbia .

View this recently sold Condo or see all my home sales

]]> There is an Open House thief in the Fraser Valley! http://www.frankmihal.ca/Blog.php/142 Sat, 05 Jun 2010 12:47:07 -0700 Frank Mihal Videos http://www.frankmihal.ca/Blog.php/142
There is an Open House thief in the Fraser Valley!

Frank Mihal video blogs to apologize if he seems to hover over you a bit more than usual if you happen to dropp by one of his open houses in the Fraser Valley. There is currently a group of people targeting opens for theft. Frank stresses the importance of homeowners putting away any valuables or personal items before putting your home up for sale. If you have any questions or comments feel free to contact Frank at http://www.FrankMihal.ca

 ]]> If you strike oil & gold in your back yard you may NOT be rich! http://www.frankmihal.ca/Blog.php/141 Fri, 04 Jun 2010 13:58:11 -0700 Frank Mihal Videos http://www.frankmihal.ca/Blog.php/141

If you strike oil & gold in your back yard you may NOT be rich!

Frank Mihal video blogs about the ownership of valuables under the surface of your property. In some cases, people in the past have sold their land, BUT kept ownership to anything under its surface. In one of the properties sold by Frank, a man back in 1918 sold off acres of land, but registered on title all under surface ownership for the future of the property. Moral of the story ...if you strike gold or oil, make sure no one else owns it! If you have any questions or comments, feel free to contact Frank at http://www.FrankMihal.ca

]]> June 2010 News Release http://www.frankmihal.ca/Blog.php/155 Thu, 03 Jun 2010 19:52:00 -0700 Frank Mihal News Releases http://www.frankmihal.ca/Blog.php/155 FRASER VALLEY BUYERS ENJOY ABUNDANT SELECTION

Property buyers continued to see an increase in selection while sellers faced more competition as listings grew and sales decreased on Fraser Valley’s Multiple Listing Service® (MLS®) in May. 

The Fraser Valley Real Estate Board posted 1,477 sales in May, a decrease of 2 per cent compared to the 1,501 sales processed on the MLS® during May 2009. At the same time, the Board received 3,457 new listings, taking the number of active listings to 11,411, an increase of 14 per cent compared to the 10,047 listings available during May of last year.  

Deanna Horn, president of the Board, puts the numbers into context. “May’s sales were 16 per cent below our ten-year average, 1,760 sales for that month. Considering how busy the market has been in the last decade that represents solid sales activity, slower yes, but steady. " 

“What’s changed most is the increase in inventory. The last time this many homes were available on Fraser Valley’s MLS® in May was in 1995.” 

Horn adds, “Tremendous selection allows buyers the luxury to find the right home, comparison shop and gives their REALTORS® the ability to negotiate hard on their behalf. 

“For sellers, getting specific advice about home values in your local neighbourhood is crucial in a competitive market.” 

In May, the benchmark price for Fraser Valley detached homes was $515,375, a 10.6 per cent increase compared to $465,939 in May 2009.  The average number of days to sell a detached home in May was 43 days, one day faster than it was in May of last year.  

The benchmark price of Fraser Valley townhouses in May was $328,295, a 10.1 per cent increase compared to $298,308 in May 2009. Townhomes in May sold on average 27 days faster than they did a year ago – 39 days compared to 66 days in 2009. 

The benchmark price of apartments increased by 8.6 per cent year-over-year going from $232,170 in May 2009 to $252,221 in May 2010.  The average days to sell in May for apartments in the Fraser Valley was 51 compared to 69 days during the same month last year.

]]> CREA updates its 2010/2011 Canadian real estate predictions http://www.frankmihal.ca/Blog.php/140 Wed, 02 Jun 2010 14:23:00 -0700 Frank Mihal Videos http://www.frankmihal.ca/Blog.php/140

CREA updates its 2010/2011 Canadian real estate predictions

Frank Mihal video blogs about CREA's update to its 2010/2011 Canadian real estate predictions. CREA has adjusted its predictions mainly because of BC's lower than expected activity. With The Ontario and BC being the 2 major driving markets for the entire Canadian market, the numbers definitely get skewed. The Ontario market, up until this point in time, has performed just as they predicted it would. If you have any questions or comments, feel free to contact Frank at http://www.FrankMihal.ca

]]> Check this awesome company out if you are making a move! http://www.frankmihal.ca/Blog.php/139 Mon, 31 May 2010 11:59:24 -0700 Frank Mihal Videos http://www.frankmihal.ca/Blog.php/139
Check this awesome company out if you are making a move!

Frank Mihal video blogs about a Vancouver based company called Frogbox that provides reusable plastic moving boxes and also delivers/picks them up for you as well! It;s a great green company and an awesome idea. If you have any questions or comments feel free to contact Frank at http://www.frankmihal.ca

 ]]> 8905 112A Street, N. Delta, British Columbia http://www.frankmihal.ca/Blog.php/138 Thu, 27 May 2010 13:41:46 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/138 I just finished uploading this House for sale, 8905 112A Street, N. Delta, British Columbia

Great North Delta home on a quiet street just blocks away from Devon Gardens Elementary. 4 beds, 3 baths home plus huge rec room with many updates. Updates include new appliances, paint & carpeting and much more. Huge laundry room with pl enty of storage space, private west facing backyard with loads of sunlight.

]]> 312 10866 CITY Parkway, North Surrey, British Columbia http://www.frankmihal.ca/Blog.php/137 Thu, 27 May 2010 13:36:31 -0700 Frank Mihal Listings http://www.frankmihal.ca/Blog.php/137 I just finished uploading this Condo for sale, 312 10866 CITY Parkway, North Surrey, British Columbia

Enjoy the great views from this 2 bed, 2 bath corner unit at the Access!! Huge open layout and a bonus second patio! Everything you need is just steps away including skytrain, Central City Mall and the SFU Campus! Also comes complete with a built-in work station/computer desk. Perfect for investors... no rental restrictions here!

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