BURNABY
WEDNESDAY, WEDNESDAY, SEPTEMBER JANUARY 20, 28, 2016
TRI-CITIES
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R E A L E S TAT E W E E K LY
Vancouver Home Prices Will Be Higher This Time Next Year: Leading Economist T he “policy shock” of the new foreign buyer tax has created a “temporary market disruption” that will play out over the next three to six months, after which “market fundamentals” will mean the market recovers, according to a leading economist. Speaking to a sold-out audience at the Urban Development Institute’s Foreign Buyer Tax luncheon and panel debate September 16, Helmut Pastrick, chief economist at Central 1 Credit Union, said that he expects house prices to recover so that they are higher this time next year than they are today. Pastrick said, “I fully expect September’s sales to be down again, yearover-year, probably by 30 or 35 per cent compared with last September. The average price will probably fall again, relative to August, and this will play out over the next three to six months – it’s a temporary market disruption. “After the market has absorbed this new tax regime, we will begin to see other market fundamentals come into effect. Prices will then continue to rise, and they will be higher this time next year.”
Long-Term Outlook Pastrick’s fellow panellist at the UDI lunch, Tsur Sommerville, associate professor at UBC’s Centre for Urban Economics and Real Estate, added, “In other markets where a foreign buyer tax was introduced, such as Hong Kong and Singapore, in both
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those markets, prices continued to rise.” Pastrick said later in the discussion, “I think home prices will begin to increase again, but at a slower rate. I expect to see higher prices until this economic cycle comes to an end, as all cycles do… But recessions only last a short while, and the cycle begins again. And in the long term, I would expect that over the next two or three decades, [Vancouver real estate] prices will double again, if not more than double. But there will be more economic cycles between now and then.”
Class-Action Lawsuit Filed against BC Government over Foreign Buyer Tax
He added, “Right now we don’t see any signs of an economic recession due to a shock event – we’re in a strong economic cycle.”
Increase in Demand Sommerville added, “In terms of the demand side, you’ve got the combination of the strong economic cycle, low interest rates, and a demographic profile where you’ve got a large number of young people ramping up into home ownership. There are more Millennials than any other group,
Dodging Vancouverʼs Vacant Home Tax Could Result in $10K Fines: City Staff
so you’re going to have a huge increase in housing demand, in a market where the ability to respond on the supply side is securely constrained.” Sommerville’s colleague Tom Davidoff, associate professor at UBC’s Sauder School of Business, who was also on the luncheon panel, said that despite the strength of the economy and demand, there was still a significant risk of a sharp correction in home prices due to the foreign buyer tax. He said, “A potential collapse in foreign buyer demand… could result in a less-bad version of what happened in the United States [in the sub-prime crisis of 2008]. There is a significant risk of an over-correction in prices – but I wouldn’t say that is the most likely outcome.” The fourth member of the panel was lawyer Arnon Dachner, a partner at Dentons LLP, who warned delegates that tactics to avoid paying the foreign buyer tax – even seemingly legal approaches, such as contract reassignment – could be defined as an “avoidance transaction” that could leave the party still liable for the payable tax or other monies lost to the BC government. The panel debate was moderated by Neil Chrystal, president and CEO of Polygon Homes, who recently told REW.ca that that he thought the overseas buyers’ tax was “morally and ethically wrong” and added, “I wouldn’t be surprised if it was challenged legally.”
Foreign Purchases of Local Homes Hit Brakes after Tax Introduction: New Data
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R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY S E PT E M B E R 2 8, 2 0 1 6
Monet TYLER
West Real Estate Services
2015
2015
#10 Royal LePage Realtor in BC 2015 #1 Royal LePage Realtor for Tricities in 2015
monet@monettyler.com NEW G IN LIST
❚
604.763.4307
NEW G IN LIST
1 Parkglen Place
$1,278,000
www.monettyler.com
❚
NEW G IN LIST
6 2000 Panorama Drive
$598,000
137 Aspenwood Drive
$1,838,000
218 225 Newport Drive
$388,000
SOLD 3582 Franklin Street
$1,098,000
4 Aspen Court
$1,498,800
121 Fernway Drive
$1,058,000
3883 Wellington Street, PoCo $838,000
www.dexterrealty.com
604-689-8226 Yaletown 604-336-3539 Main Street 604-263-1144 Kerrisdale
Taking our Listings Global
WONDERFUL, CHARMING & COMFORTABLE TOWNHOME FAMILY-FRIENDLY COMPLEX IN BURQUITLAM NEIGHBOURHOOD NEW LISTING 184 N. SPRINGER AVE
$1,498,000
STUNNING VIEW PROPERTY Fantastic view property in North Burnabyʼs coveted Capitol Hill neighbourhood. This 3 bed/3 bath, 2 level basement home features breathtakingly beautiful 180 degree views of the North Shore mountains, Metrotown in the south, with Burrard Inlet & the towers of Downtown Vancouver in between & out to Howe Sound.
$499,000
FARROW RIDGE – beautiful award winning complex built by Amacon. Nearby all levels of schools, parks, shopping & golf course. Only steps away from the future Burquitlam Evergreen Station and only a few minutes’ drive to Lougheed Highway & easy access to Highway 1. This unit offers a functional layout with open kitchen, spacious dining & living room w/ cozy fireplace & it leads to a lovely balcony. Upstairs offers 2 generously sized bedrooms. The very top floor offers a bright & quiet den/3rd bedroom that opens up to the rooftop deck – your private oasis which is the perfect place to relax under the sun. Come visit & make this your home today
25-730 FARROW STREET MARGARET WONG & JOHN ZHOU 604-263-1144
8120 HUNTER STREET Please call for more information
Cheryl Dewson 604-722-3219 Emily Sandhack 604-339-9150
Candace Filipponi 604-809-4403 www.cfilipponi.com candacefilipponi@gmail.com $399,900
$799,800
DEXTER ASSOCIATES REALTY
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Receive the highest level of support from our experienced Managing Broker. THE HUDSON
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Spacious BOSA built 1042 sq.ft. 2 bedroom, 2 bathroom condo. Cozy gas fireplace, large balcony, unit comes with parking and storage locker. Fantastic amenities including indoor pool and hot tub. Close to Coquitlam Centre, Lafarge Lake and new skytrain line coming soon! 401-1196 PIPELINE ROAD
Fabulous Lincoln Park family home with Evergreen Park at your doorstep. This home features 3 bedrooms, 2.5 bathrooms, 2 cozy gas fireplaces for those cool fall evenings. Nice large rooms and great layout with formal living/dining room. 2 car attached garage. Call Candace to view 604-809-4403.
Spacious 2 bedroom, 2 bathroom w/ den condo includes fantastic 11' x 10' covered patio. Beautiful oversized kitchen with stainless steel appliances. Master has built-in closets for extra storage. Fantastic location 5 min drive to Costco & Walmart, McLean Park ½ block away! 2 parking and one storage locker. Call Candace to view 604-809-4403!
955 LOMBARDY DRIVE
214-1655 GRANT AVENUE
NO FRANCHISE FEES THREE EXCELLENT FEE PLANS STRONG SUPPORT
Roloff Veld Managing Broker
Contact Roloff at 604-782-7327 or roloff@evergreenwestrealty.com 206-1120 Westwood Street, Coquitlam BC, V3B 7K8 T: 604 942 1389 www.evergreenwestrealty.com
R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY S E PT E M B E R 2 8, 2 0 1 6
Brookside Realty
Chad August
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Your Experienced Local Realtors
604.318.5254
Sutton Group - 1st West Realty
WWW.CHADAUGUST.COM
AN INDEPENDENT MEMBER BROKER
chadaugust@shaw.ca
604-942-7211
John Panrucker 604-230-7390
COMING SOON • 43 TOWNHOMES 1300 sqft - 2000 sqft (3 Bed Plus)
www.sutton1stwest.com
jpanrucker@sutton.com
$1,798,000
From $374,900
Linda Song 778-990-6322 lsong@sutton.com
Call for priority registration and information
www.ruxtonvillage.ca **this is not an offering for sale any such offering may only be done by Disclosure Statement E.&E.0.
Orlando Johannson 604-803-4336
#13 11255 232nd $424,900 End Unit, 3 Bed Large fenced yard Approx 1450 sqft MLS# R2099405
#309 11566 224th St $339,900
690 IOCO ROAD, PORT MOODY Beautiful Spanish-style 5 bedroom, 3 bath home on the quiet lower part of Ioco. LICENCED 2 BEDROOM fully contained GARDEN LEVEL SUITE with gorgeous views. Bonus is the huge double garage with roller doors - 8' height. The home has had many upgrades. The Mansard tile roof with the balance of the torched on was done in 2002 (approx.), windows & central A/C and furnace 2005, flooring & HWT 2013. The main floor is high quality hardwood. There is a wall of windows to enjoy the spectacular views of the Burrard Inlet. French doors lead out to an entertaining size deck and enjoyment of a beautiful private backyard. Walk to the beach and picnic grounds of Old Orchard Park. Close to Belcarra, Buntzen and White Pine beach. And then there is Rocky Point.
John Panrucker 604-230-7390
#407 12083 92A $249,900
MLS# R2105317 2 Bed, 2 Bath (could be 3 bed) 1054 sqft Water Views Quick Possession
orlandoj@shaw.ca
Surp Rai 604-763-5263 surpsrai@gmail.com
NEW LISTING 2 Bed, 2 Bath, Top Floor Immaculate Condition Quick possession possible
604.941.2293 www.teamphilhaig.com info@teamphilhaig.com
We sell homes, but people are our business!
RE/MAX Sabre Realty
Each office independently owned and operated
Marten Felgnar 604-250-4175
Heather Langis 604-720-0091
Tim Seo 604-358-2111
Jim Gwynn 604-880-0948
mfelgnar@shaw.ca
hlangis@shaw.ca
timseo09@gmail.com
jgwynn@sutton.com
Dan
MATHESON
604.791.3211
Michelle
VAN TONGEREN
604.798.6626
9240 Young Road, Chilliwack 604-393-7880
PRIVATE BACKYARD & ONE BEDROOM SUITE 2111 Dauphin Place, Burnaby $1,890,000
Open Sat & Sun 2-4 • Fabulous Burke Mountain townhome • 1500+ sq/ft, 2 bedrooms + den or 3 bedrooms • Gourmet kitchen with stainless steel appliances • Dining/living area with engineered hardwood flooring • Quality finishings throughout, shows well
• Fantastic, rare building lot! • 14,452 sq/ft lot in tranquil Anmore • Perfect location to build your dream home • Quiet country setting • Located close to Buntzen and Sasamat Lake
#31-1299 Coast Meridian Rd., Coquitlam $609,800
2314 Sunnyside Road, Anmore $849,900
• Beautiful custom built 1/2 duplex • 3 bedrooms, 3 bathrooms, 1726 sq/ft • Generous room sizes, vaulted ceiling in living room • New kitchen & updated bathroom • Great view of Fraser River
1004 Quadling Avenue, Coquitlam $888,000
Open Sunday 2-4 • Renovated 3 bedroom, 4 bathroom family home • Gorgeous new kitchen with SS appliances, stone counters • Media room and bright nanny suite in basement • Close to all levels of schooling • Parks, beaches, lakes, golf courses nearby
• 3 Bedroom + Den and 2 bathrooms on the main level • 4 bedrooms and 2 bathrooms on the upper floor • Huge attached shop approx. 1500 sq/ft behind the house • .58 acre private lot • Level lot with lots of open parking
3066 Sienna Court, Coquitlam $1,388,800
2970 Sunnyside Road, Anmore $1,399,800
• Gorgeous custom home in family neighbourhood across from park! • 3-storey, 4 bed & 4 bath home with fully self contained 2 bed suite • Kitchen features cherry shaker cabinets w/ island, granite counters & SS appliances • Features triple car garage for storing all your vehicles and toys • Close to all levels of schools in great neighbourhood
220 Parkside Drive, Port Moody $1,499,800
Welcome home to your own private oasis! Park like setting back yard with mature trees. Home situated on private end of cul de sac. Burnaby North school catchment. This spacious home includes a bright family room with window seating, hardwood in dining area, upgraded kitchen with a stove the master chef would love, high end appliances, track lighting, skylight, massive windows into the back yard. 3 big bedrooms with fans in all of them. Plus a 1 Bdrm suite downstairs with own laundry and entrance. Don’t miss this family home!
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R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY S E PT E M B E R 2 8, 2 0 1 6
Visit our Website to see all our Listings 3372 DON MOORE DRIVE • BURKE MOUNTAIN
1404 – 2808 MADISON STREET • BRENTWOOD PARK
Beautifully Landscaped Family Home
Stunning 180 Degree View
Outstanding 3 level family home in terrific Burke Mountain locale! Elegant principle rooms with high ceilings, updated kitchen with custom cabinetry, lovely west-facing sundeck & stunning backyard with lush gardens.
Expansive views from this fabulous suite with 9ft ceilings, tons of natural light, gourmet kitchen & spacious living. Great building amenities & prime Burnaby North location, steps to all amenities.
• • • • •
6,604 s.f. Lot 3,115 s.f. Home 5 Bedrooms 3.5 Bathrooms Over-height Ceilings
• • • • •
Gas Fireplace Legal Suite West-facing Backyard 2-5-10yr Warranty 2 Car Garage
New Price
• • • • •
963 s.f. Suite 2 Bedrooms 2 Bathrooms 9 Foot Ceilings Gas Fireplace
• • • • •
Oversized Balcony 180 Degree Views In-suite laundry Rentals & Pets OK Main fee: $265
New Listing
$1,325,000
$608,000
3387 WATKINS AVENUE • BURKE MOUNTAIN
Sell for TOP DOLLAR with Managed Market Pricing Strategies
Gorgeous Family Home Beautiful 3 level family home in sought-after Burke Mountain community with spacious, open concept living, 3 bedrooms up & custom basement layout. Close to amenities, parks & trails. 2-5-10 year warranty.
Receive your up to the minute FREE Home Evaluation by going to:
• • • • •
faithwilsongroup.com/evaluation
31.72’ x 117.56’ Lot 3,155 s.f Home 4 Bedrooms & Den 3.5 Bathrooms Soaring Ceilings
• • • • •
GE Appliances Air Conditioning 2 Sets of Laundry Private Backyard 2 Car Garage
$1,295,000
IN PRINT AND ONLINE Your go-to source for the latest Lower Mainland listings, news and advice
OPEN HOUSES SUNDAY 2 TO 4PM 22934 BILLY BROWN RD 00 8,5 9 ,0 $1
22969 JENNY LEWIS AVE 00 9,9 9 ,0 $1
9187 SENEY PL 0 ,50 98 4 , $1
Spend your Sunday afternoon in the Village! 9211 MARR ST
0 ,50 49 8 , $1
Tour these Fort Langley Homes and warm yourselves up by receiving a complimentary voucher at any Open Houses, for a FREE coffee drink of your choice at Wendel’s Bookstore in Fort Langley. Drop by and say Hello!
M AC D O N A L D R E A LT Y L U X U R Y H O M E S
R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY S E PT E M B E R 2 8, 2 0 1 6
$998,800
23385 CROSS ROAD, MAPLE RIDGE
#6 10735 84TH AVE., NORTH DELTA
NEW LISTING
NEW LISTING
OPEN HOUSE SEPT 24 SEPT 25& 2-4 PM
D OL
S
4936 44Aremax Ave., Ladner, B.C. progroup realty $1,299,000
Anu VAID PREC 604.644.3346
Reena DULEY PREC AnuvaidReenaduley
604.230.5155
Working Together For You! Call Us!
0 ,00 350 $1, n for s wit rs day offe in 4 ltiple mu
D SOL
7643 Canadaremax Way, Burnaby, B.C. city realty $880,000
City
www.bchomesrealty.com
NT
CE
RE
2 2808 KINGSWAY VANCOUVER V 604-439-2266 6
LD
SO
9479 104thremaxSt., Surrey, B.C. city realty
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Listed for Listed for
$559,000
Here is your GOLDEN opportunity to build your New Dream Home in Maple Ridge’s desirable area of Balsam West! No home to demolish or cost for removal! Your 2 storey with basement future home could be approx. 4800 sq.ft. built. Apply for a permit and start building. Call today for more info. Act fast!
$639,000
Discover vibrant living at Kaleido by Polygon Polygon. This end unit features 3 bedrooms and a den in a wide open plan layout. Gourmet kitchen has polished engineered stone countertops, warm laminate flooring and sleek stainless steel appliances! Entertain on spacious patios and enjoy outdoor living in your own private, fenced yard. Residents of Kaleido also benefit from membership to the Sunstone Club – a 12,000 sqft resort inspired clubhouse. Clubhouse includes a fitness studio, indoor basketball court, theatre room, lounge area, outdoor pool, hot tub and guest suites.
www.cottagecreekhomes.com
I Don’t Build Houses... I Build Homes! Cottage Creek Homes LTD Custom Homes & Renovation Design & Build
Project Management Over 30 years Experience, Free Estimates, New Home Warranty
Call or email Clay Konyk 604-220-5895 cch@eastlink.ca
INTRODUCING
OCEANSIDE LIVING FROM $589,900 PREVIEWS START WEDNESDSAY, OCTOBER 5TH
A Collection Of 42 Townhomes & 20 Duplexes • Homes from 1,279 – 1,640 sq. ft. • The 5th phase of the beautiful Tsawwassen Shores master-planned community • Steps to nature trails, the ocean front and 2km boardwalk • Conveniently located by Hwy 17 and across from the Tsawwassen Mills and Tsawwassen Commons Shopping Centres
Tsawwassen Mills Mall
Sales Centre
Salish Sea Dr
1875 Tsawwassen Drive (last right before the ferry terminal) Open 12-5 daily, except Friday
Register Today At tsawwassenshores.com 604 943 6677
Artistic rendering. The developer reserves the right to make changes and modifications to the information contained herein without prior notice. E.&O.E.
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R E W.ca » B U R N A BY / T R I - C I T I ES » W E D N ES DAY S E PT E M B E R 2 8, 2 0 1 6
The best value in the Lower Mainland WYNNBROOK’S HOMES ARE LESS EXPENSIVE THAN COMPARABLE HOMES IN MAPLE RIDGE AND NEIGHBOURING COMMUNITIES - EVEN WHEN YOU INCLUDE GST!
AVERAGE HOME PRICES
$1,500,000 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
COQUITLAM $1,000,000 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _LANGLEY _______________ NORTH SURREY $800,000 _ _ _ _ _ _ _ _ _ _ _ _MAPLE _______________________________ RIDGE WYNNBROOK $600,000 _ _-MAPLE _ _ _ RIDGE______________________________________
W Y N N B RO O K Single Family Homes from $789,900 incl. GST BUY BEFORE THE GRAND OPENING & SAVE EVEN MORE HARD HAT TOURS AVAILABLE ON WEEKENDS Sales Office: 604.380.4708 | Open daily (except Friday) Noon - 6pm 23952 104th Ave, MAPLE RIDGE
mstarhomes.com Based on comparable MLS listings for September 2016
Parkside Living For Active Families
Intelligent living BY ZENTERRA DEVELOPMENTS
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2B ED ./2 BA TH .F RO M
$3
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Artist’s Rendering - Mahogany Plan B-2
VANCOUVER LUXURY. ABBOTSFORD PRICES. MAHOGANY, A SPECTACULAR NEW COLLECTION OF LUXURY HOMES. WITH 26 STOREYS OF CONCRETE CONSTRUCTION, GENEROUS AMENITIES AND INCREDIBLE VIEWS OVERLOOKING BEAUTIFUL MILL LAKE, MAHOGANY IS TRULY THE NEW HEIGHT OF LIVING. TO LIVE HERE IS TO LIVE WELL. Presentation Centre is open daily (except Fridays) from 12 - 5 pm 2180 Gladwin Road, Abbotsford
LIVINGMAHOGANY.COM 778.255.9990 Artist’s Rendering - Mahogany at Mill Lake
Marketed by GLOBEWEST - Multiple Realty Ltd. and Quantum Realty Inc. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. The developer reserves the right to modify plans, prices, features and specifications without notice as may be necessary and at their sole discretion. E. & O. E.
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FO NO R W PR O EV PE IE N W S
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CAMBIE'S BEST LOCATION NOW OPEN FOR PREVIEWS Located at 33rd Avenue in the prominent Cambie corridor onVancouver’s West Side, Primrose will offer a limited collection of 1, 2 and 3 bedroom homes and townhouses nestled on the edge of Queen Elizabeth Park. Presentation Centre is now open for previews. Visit us today. CAMBIE ST
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QUEEN ELIZABETH PARK WEST 33RD AVE
N
Presentation Centre at City Square (Above Safeway) #163 - 555 W 12th Ave, Vancouver PrimroseVancouver.com • 604.336.3330
This is not an offering for sale. Any such offering can only be made with a disclosure statement. Artist’s rendering and map are representations only and may not be accurate E.&O.E.
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FINAL RELEASE NOW SELLING
Higher Living. Higher Learning. Nestled on the hillside at Simon Fraser University, Veritas by Polygon is a limited collection of one plus den and two bedroom apartment residences in the unique campus community of UniverCity. Enjoy mountainside living in an environment of academia and nature, with move-ins this year! Two bedrooms priced from $389,900
8999 Cornerstone Mews, Burnaby Open Noon to 6pm Daily (except Friday) 604.298.9965 veritas@polyhomes.com
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169 HOTELINSPIRED HOMES CRAFTED BY AMACON
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Welcome to your own private haven at Parker House, Polygon’s final collection of boutique apartment residences at Windsor Gate, ready to move into this fall. Only here do stylish, open-plan residences meet twenty-five acres of master-planned living and a lavish 18,000 square foot clubhouse inside Coquitlam’s most sought-after neighbourhood.
LARGE TWO BEDROOMS FROM $429,900
WINDSOR GATE
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VISIT US TODAY: 1151 Windsor Mews Open Noon to 6pm Daily (except Friday) 604.945.8741 parkerhouse@polyhomes.com
POLYGON PARKER HOUSE LTD.
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LL
IN
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BURNABY • TRI-CITIES
WEDNESDAY, SEPTEMBER 28, 2016
Looking for a new home? Start here.
R E A L
E S T A T E
W E E K L Y
New Home Sales in Metro Vancouver Predicted to Break Records in 2016: Expert
T
he trend for new home sales in Metro Vancouver is looking like it will be a record-breaking year, despite a slower August than last year, according to real estate marketing firm Fifth Avenue. Speaking to REW.ca editor Joannah Connolly on the Real Estate Therapist show on Roundhouse Radio 98.3FM September 10, Scott Brown, president of Fifth Avenue, said that between 18,000 and 20,000 new homes are expected to be sold across the whole year, outstripping even the 10-year high of 2015’s 17,000-plus sales. The real estate marketing company’s second-quarter report says that 12,968 new multi-family homes were sold in Metro Vancouver from January 1 to June 30, 2016 – “possibly the greatest half year total ever,” according to the August 31-released analysis. This first-half total represents more multi-family sales volume than the fullyear figures posted from 2010 to 2012, which were in themselves considered
“healthy” years, said Brown. Brown added that early figures suggest that July’s new home sales were “reasonably strong” and then there was a cooler August, which he described as a “hangover” from the introduction of the foreign buyer tax August 2. “The hangover is now lifting,” he told the Real Estate Therapist show. “We think that this August will be more like August of 2014, rather than last August, which was a really hot August with no seasonality. “We’re expecting that demand will lift again and absorption will rocket through the fall. We’re already starting to see it at the sites that we monitor. Some sites didn’t even see a quieter August, so it varies neighbourhood by neighbourhood.” He added, “We won’t be talking about the tax through October and November. What we will be talking about is that prices now have stabilized. The price gains we have seen will be sustained but we won’t continue to see those
incredible price increases. Buyers will realize that they don’t have to buy immediately, but that they do need to buy, because the supply of new housing is still so constrained and standing inventory of new homes is at all-time lows.” Brown pointed out that most of the media coverage of real estate is focused on resale figures, and that it lacks the balance of additional statistics on new home sales. “I’ve been involved in the real estate industry for the best part of three decades, and there’s is no other industry where you would rate the success or health of the industry based on the sales level of a used product,” Brown pointed out. “Yes, homes trade, and it’s an important indicator of market growth
and conditions. But last year, there were 17,000 new, never-owned homes sold, and the majority of those were never reported about in the media, and the vast majority of them never appear on the MLS… And we need to be looking at that segment of the market and saying the new home market is extremely healthy, and why is nobody looking at that?” To listen to the full discussion, go to roundhouseradio.com, and click on “Ways to Listen” and “Listen on Demand” then use the drop-down menu. The Real Estate Therapist show airs on Roundhouse Radio 98.3FM Saturdays 9am-10am and streams on roundhouseradio.com.
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