No Vacation for Home Buyers in August
Vancouver, BC – September 12, 2014. The British Columbia Real Estate Association (BCREA) reports that a total of 7,341 residential sales were recorded by the Multiple Listing Service® (MLS®) in August, up 7 per cent from August 2013. Total sales dollar volume was $4.1 billion, an increase of 12.4 per cent compared to a year ago. The average MLS® residential price in the province rose to $560,318, up 5 per cent from the same month last year.
“Consumer demand remained relatively robust in August,” said Cameron Muir, BCREA Chief Economist. “The Okanagan and Chilliwack board areas posted the strongest year-over-year gain of 22 to 25 per cent in unit sales, while Victoria and Vancouver increased around 10 per cent respectively.” Home sales last month were the highest for the month of August since 2009.
“Low mortgage rates, increased net-migration and improving economic conditions continue to underpin housing demand in the province,” added Muir.
Year-to-date, BC residential sales dollar volume was up 22.8 per cent to $28.5 billion, compared to the same period last year. Residential unit sales were up 15.8 per cent to 57,715 units, while the average MLS® residential price was up 6.1 per cent at $564,466.
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New property listed in Lilly Lake, Merritt
320 Acres of natural paradise surrounded by crown land!
Located only 18 Km’s south of Merritt, and within 3 hours from downtown Vancouver, you can own a beautifully outfitted working ranch in a gorgeous setting with abundant water, natural springs, wildlife, productive hay fields and fenced cattle range. Currently used as a warm blood sport horse breeding/training center and cattle ranch, the possibilities with this property are virtually endless!
Immaculate, 1340 square foot, 3 bedroom, 2 bath, open concept log home furnished with the latest in environmental power options is only 14 years old! Large thermo windows, metal roof, wood stove, furnace and generous insulation provides year round comfort and security while enjoying all this gorgeous property has to offer! Additional house pad with separate septic and generator sufficient for multiple dwellings and water lines to houses and barn, everything is in place to build and expand. You can ride outdoors year round to your heart’s content as the rock free soil has excellent drainage. Located in the middle of the Rainbow Trail System, over 480 Km’s of marked trails from 5Km - 50Km routes.
You can be totally off the grid using the wind generator, solar panels, batteries, inverters backed up by propane, and an artesian well, this property is ready for you to just move in, and start your adventure/enterprise!