vancouver BC homes for sale – Current Homes For Sale Present Bargain Buying Opportunity
The current real estate market has been hard on me homeowners in the Portland Oregon and Vancouver Washington area. It has not been out of the norm for your typical person who owns a home to have lost 30 to 40% in their home equity.
As as unfortunate as that is now is the time to buy a home in the area. Real estate is going for pennies on the dollar relative to what it was going for her two years ago. Many homes that were once out of the price range of your average individual now are affordable.
For instance in many parts of Vancouver Washington your typical three bedroom two bath home would cost more than $300,000. This would’ve been in an average neighborhood. Now, in 2010, you can buy a pretty nice home for $250,000. There is just so much more value for your money versus what you could get several years ago.
Let’s backup a moment as a felony to disclose something. Credit is a lot harder to get than it was two years ago. Easy credit was the main factor that fueled the local home buying craze as soon as that well dried up so did massive home sales. Although there are a lot of buying opportunities in the Vancouver Washington area you have to be able to get the credit to buy these properties. Reviewer person who has excellent credit you should have no problems. If you are person with average to good credit you may have to put more money down. This is where having money in the bank can really help a person have a step up. Even before you talk to her real estate agent you should see what type of loan you would qualify for based on your credit history and income level.
Economic and real estate busts are nothing. They have happened many times and believe me, if history tells us anything, they will happen again. You would think as humans we would understand and be prepared for the cycles but as it turns out we never are. What the smart people do is take advantage of the cycles and when the market is down they buy and when it eventually goes back up they sell. If the market is going well, and you are buying, you will probably lose.
Vancouver Washington is Portland’s biggest suburb. Though the local economy is not the best it’s ever been make no mistake that it is still viable and there’s plenty of people who want to live here. That is not going to change anytime soon. The real estate market has corrected itself and as much as it hurts it was do. Those who have foresight will reap the rewards later.
It would be a good idea to start researching houses for sale Vancouver WA to start getting an idea about the various prices in different parts of the city. Vancouver, WA has over 140,000 people and a quarter of a million in its metropolitan area.
This is not the first time at all that homes for sale Vancouver WA has gone down the tubes. This has happened several times and the people who are able to take advantage buy at times like this.
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Back with more news for you today. It’s amazing how much good information there is on this stuff out there if you know where to look. Three in particular that I found really valuable were…
Homes for Sale in Deep Cove, North Saanich, British Columbia $1399000
2589.00 sq. ft. Homes for sale in Deep Cove North Saanich, British Columbia. For sale at $1399000.0000 CAD. 565 Norris Road, Deep Cove.
Homes for Sale in Downtown, Parksville, British Columbia $849700
2811.00 sq. ft. Homes for sale in Downtown Parksville, British Columbia. For sale at $849700.0000 CAD. 458 Heather Place, Parksville, Downtown MLS 296151.
Homes for Sale in Dean Park, North Saanich, British Columbia $739000
3759.00 sq. ft. Homes for sale in Dean Park North Saanich, British Columbia. For sale at $739000.0000 CAD. 8745 Carmanah Terrace, Dean Park MLS 277847.
Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.
Have a great day!
When people think about expensive neighborhoods, people often think about Malibu, California, or Beverly Hills, or maybe even the Hamptons in New York. But did you know there are some neighborhoods in British Columbia that features homes more extravagant then homes found in those rich American cities? So, let’s look at the 5 most expensive cities in British Columbia.
Eagle Mountain on Sumas Mountain in Abbotsford
Abbotsford is a small town located about 60 miles east of Vancouver and just 2 miles north of the Washington State border. The city of Abbotsford is known to be a small country town with a lot of gang crime. However, Abbotsford is one of British Columbia’s fastest growing cities, and with that expansion comes the wealthy people. Whether these wealthy people made their money legally, or through their gang, it does not bother this neighborhood. Home prices on Eagle Mountain start at $800,000 and range upwards of $2,000,000.
Uplands in Victoria on Vancouver Island
Uplands is an extremely wealthy neighborhood on Vancouver Island. Uplands is located just north of the Victoria Harbor, and this neighborhood features some of Vancouver Island’s most affluent people. Home prices start and $1,500,000 and can exceed the $15,000,000 price tag. Considering the population of Vancouver island is 750,000, that is a considerable wealthy neighborhood for a small community.
Whistler, British Columbia
Located just 2 hours north of Vancouver, this world class ski resort is the host city for the 2010 Winter Olympic Games. And because this is such a famous ski resort, the real estate prices have exploded. And homes in this town can cost you as much as $28,000,000 for a 3000 square foot ski chalet.
Shaughnessy neighborhood in Vancouver
This neighborhood was once the most exclusive neighborhoods in all of Vancouver. Even today, this neighborhood has one of the highest household income rates in Canada. The average household income is $130,000, and that is the reason for the home prices fetching over $11,000,000. The reason for the expensive price tag is because of the large parcels of land, and the close proximity of the Pacific Ocean. Homes can be located on 3 acres of manicured land just a few block from the water!
British Properties, West Vancouver
West Vancouver is known to be one of the most exclusive neighborhoods in the whole world. The average household income is just below $90,000, but the reason for that low income rate is because ever 40% of the residents are retirees. So, if you were to poll the working families, the average income would be well over $200,000. Homes in the mountainside neighborhood overlooking the city of Vancouver range in the low $2,000,000 to well over $40,000,000.
Kirk Schroeder is the publisher of Vancouver Travel Guide [http://www.vancouver-travel-guide.com]. [http://www.vancouver-travel-guide.com] is the only Vancouver tourism website published by a Vancouverite!
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