Statistics can be manipulated in a lot of ways to tell any type of story you want them to.  3 statistics that I don't think are worth the paper they are  printed on are:1. Average sale price; 2. Average days on market; 3. Price to list ratio or %.  These numbers are important to have but to get the true stats you need to have access to the Realtor version of MLS and the history of each individual property. Something the general public dose not have access to. Of course when I'm representing a buyer I'm armed with all these stats and not using some vague averages that don't really mean anything.There are 3 kinds of lies: Lies, Damned Lies, and Statistics"  - Mark TwainHere are the 3 most commonly misunderstood real estate statistics i ...

Richmond BC Realtor, Owen Bigland, blogs about an experience he had with 2 very successful business people last month "Be greedy when others are fearful and be fearful when others are greedy". Those are the words that Warren Buffet has always lived by. Owen had 2 experienced buyers last month pull the trigger on million dollar plus properties. They both had a lot in common. They saw value in the current price that these homes had been reduced to. They were not concerned about trying to buy at the bottom of the market. And they understood that markets go up and down (IT'S NORMAL). Most importantly, a well purchased property if held for good periods of time say 10, 15 years or more will always appreciate. In other words don't try and ...

I just finished uploading this Townhouse for sale, 13 7240 LANGTON Road, Richmond, British ColumbiaCompletely updated 3 bdrm 2.5 bath home in well run complex in great Granville area neighbourhood. Features brand new carpet, new paint, completely redone bathrooms & kitchen, California shutters, in-floor heat in kitchen, 2 parking sopts, low maintenance fee and much more. This is one of the nicest home available, must be seen - you wont be disappointed.

We are proud to announce that this Oct 14th, 2:00 PM to 4:00 PM we will be hosting an Open House at 8860 NO 1 Road in the Boyd Park neighborhood, Richmond. This is an opportunity to visit this excellent Condo for sale in beautiful Boyd Park.Please come with any questions you may have. In the meantime you can take a virtual tour of this Boyd Park Condo for sale.As always please do not hesitate to give me a call at 604 889-1118 if I can answer any questions before the open house, or if you would like to book a private showing.Owen BiglandMacdonald Westmar

You might have read this headline in the Vancouver Province and Sun last week. It sure caught the attention of some of my clients and blog viewers and that's exactly why the Vancouver Sun prints these headlines... it sells papers.  Many people think a 30% drop in sales means prices have gone down 30% and that is not the case. This stat means sales VOLUME is down 30% (actually most agents will tell you it feels more like 50% down). The average sale price which is what most people are concerned with is only down 1%. Yes, you heard it right...a whopping 1%. Now, average price I have to admit is also a misleading stat. This is where they lump all homes in all areas into one basket.  It's a terrible metric used to measure home prices. T ...

We are proud to announce that this Oct 14th, 2:00 PM to 4:00 PM we will be hosting an Open House at 6813 HAMBER Street in the Terra Nova neighborhood, Richmond. This is an opportunity to visit this excellent House for sale in beautiful Terra Nova.Please come with any questions you may have. In the meantime you can take a virtual tour of this Terra Nova House for sale.As always please do not hesitate to give me a call at 604 889-1118 if I can answer any questions before the open house, or if you would like to book a private showing.Owen BiglandMacdonald Westmar

If you talk with a condo owner who has had the unfortunate experience where their building has required major remedial work, like in the case of a leaky condo where the entire exterior of a building needs to be replaced or repaired, they will tell you how expensive this can be and the steep special levies and assessments they have been hit with to get the building fixed. Even more unfortunate is the fact that when the owners decide to sell their unit they rarely ever get the money spent fixing the problem back from their selling price. I have seen 20 year old units where the owners have just spent $50,000 fixing a leaker  - sell the unit for the same price as the 20 year old unit in the building next door. Now, with ...

The amount you pay for your monthly strata management fees can vary greatly from one building to another. It takes a knowledgeable Realtor to do some due diligence to find out exactly where that money is going. In Vancouver the average monthly strata fee is around 35 cents per sq foot. So if you have a 600 sq ft condo you're paying around $210 a month for strata fees. However this is simply an average.  There are so many variables when it comes to strata fees and what is considered high or low.  If a complex has a higher than average Strata fee say 55 cents a sq foot it doesn't automatically mean it's a poorly managed building. In fact it can be the opposite. That higher fee could mean they are putting extra money into their contin ...

I just finished uploading this Condo for sale, 205 8760 NO 1 Road, Richmond, British Columbia"APPLE GREENE" SPECIAL & SELDOM AVAILABLE MIAMI MODEL. 2- BEDROOM, 2 BATHROOM CORNER APARTMENT. INSUITE LAUNDRY. EATING SPACE IN THE KITCHEN WITH SLIDING GLASS DOOR TO THEBALCONY. QUIET LOCATION. UNDERCOVER PARKING. INDOOR & OUTDOOR SWIMMING POOLS. SEAFAIR SHOPPING CENTRE ACROSS THE ROAD AND TRANSIT NEARBY.

We are proud to announce that this Oct 6th, 2:00 PM to 4:00 PM we will be hosting an Open House at 8860 NO 1 Road in the Boyd Park neighborhood, Richmond. This is an opportunity to visit this excellent Condo for sale in beautiful Boyd Park.Please come with any questions you may have. In the meantime you can take a virtual tour of this Boyd Park Condo for sale.As always please do not hesitate to give me a call at 604 889-1118 if I can answer any questions before the open house, or if you would like to book a private showing.Owen BiglandMacdonald Westmar