Bob Dunn's Abbotsford Real Estate Blog

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Real Estate Agent - Sutton Group West Coast Realty
RECENT BLOG POSTS
The following is a statistic that many real estate experts use an indicator of market status.That is the ratio of total sales to total listings. Its commonly help that a ratio of 18% to 22% indicates a balanced market. Below the orange line it is a buyer's market and above theorange line it is a ...
02/02/2010
My mother, who was a Real Estate Broker in the 1950’s, is always amazed at how busy I am with administration, systems, computers, and prospecting for new business. Yesterday she was telling me what her typical day would be in 1953. I should mention that in 1953 she was one of only five woman Real...
01/29/2010
It was announced today that Steve Fonyo has been stripped of his Order of Canada that he received after he raised thirteen million dollars during his cross Canada marathon in 1984. Steve certainly had the country behind him as he was able to complete what Terry Fox was unable to finish. Steve was...
01/26/2010
I am more than happy living in Abbotsford but this is one thing I miss about Vancouver.  For over a hundred years, the clock on the corner of Hastings and Granville streets in Vancouver has been a meeting place. It stood outside Birk's Jewellers and has always been known simply as "The Birk's Cl...
01/24/2010
I can remember in the 1980’s and 1990’s there was a steady influx of Real Estate Gurus selling their wares across Canada. In the Fraser Valley they often use the three hundred seat theater at our board offices as well as local hotels and on one occasion a movie theatre. Mike Ferry, Howard Britto...
01/24/2010
When pricing your property there is one statistic that is a must to look at: The ratio of expired listings versus new listings on the market. Sure it's important to look at how much inventory you have to compete against but you need to look at the daily dynamics.  If you have less new listings co...
01/24/2010
I like to use the Housing Price Index (HPI) when I do a market evaluation. The average price often  quoted in the news media is a misleading number. In a market where the median price is $350,000 a a couple of sales one month in the million dollar range dramatically inceases the average creates a...
01/22/2010
Right here in Aldergrove we enjoyed a night of joy being entertained by the world famous Watoto Children's Choir. Each child has a parent or both parents who died from Aids. Watoto is dedicated to improving the life or children in Africa and building future leaders in Uganda.  This one worthy org...
01/21/2010
  The United States is embroiled in a huge debate right now on whether to implement a universal health care system, similar to the model in Canada. 1966 saw the passing of the Medical Care Act in Canada. Brought about mainly by the efforts of Tommy Douglas, it was a contentious issue at the time....
11/27/2009
Underwater Mortgages. This is primarily an American term; in Canada, we call this negative equity. When the value of a house isn't worth as much as the mortgage against it, the situation is known as underwater mortgage. It usually happens when a housing boom cause prices to rise rapidly. Houses a...
11/27/2009
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