Wes Smith RE/MAX Ocean Pointe

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Please visit our Open House at 1332 CARMEL PLACE in NANOOSE BAY.
Open House from Sunday, March 31, 2013 to Sunday, March 31, 2013 08:00 AM - 08:00 PM

*** REDUCED BY $5000 ***

Absolutely the best lot deal on a lot in the Nanoose area offered in the past few years. This flat, easy to build lot is on the Nanoose water system and has been pre-approved for it's septic system. Easy to build on. Located on a quiet road. Some ocean views if house with 2nd floor built.

One minute walk to the beach and ocean-front park. 10 minute walk or one minute driving to marina. Tenminutes drive to Parksville, Fairwinds Marina, Fairwinds Golf Course, or Red Gap Centre. Build your dream home here (builders can be introduced) OR build a spec home for an easy re-sale. Call today for full information!

++++ Please view the Youtube video on the 'Multimedia' button at the top of this page. ++++

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Please visit our Open House at 426 LAMBERT AVE in NANAIMO.
Open House from Sunday, March 31, 2013 to Sunday, March 31, 2013 11:00 AM - 01:00 PM
*** REDUCED BY $10,000 *** This home, located just 2 blocks from VIU, has a lot going for it: The upstairs area has just been renovated with new flooring, paint, baseboards, and bathroom fixtures. Buyers will immediately be attracted to the over-sized living room and generous open kitchen. The basement is large and high enough to put in an authorized suite with some reconfiguration - but otherwise is unfinished with a 3 make-shift bedrooms and a laundry area. A massive fenced yard (with alley access) includes a stately pear tree and privacy from the neighbours. The rear deck has been reno'd. A newer roof and (older) double-pane windows make this a great choice for first-time buyers, investors, or families. See this value-priced home today!
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Please visit our Open House at 1332 CARMEL PLACE in NANOOSE BAY.
Open House from Saturday, March 30, 2013 to Saturday, March 30, 2013 08:00 AM - 08:00 PM

*** REDUCED BY $5000 ***

Absolutely the best lot deal on a lot in the Nanoose area offered in the past few years. This flat, easy to build lot is on the Nanoose water system and has been pre-approved for it's septic system. Easy to build on. Located on a quiet road. Some ocean views if house with 2nd floor built.

One minute walk to the beach and ocean-front park. 10 minute walk or one minute driving to marina. Tenminutes drive to Parksville, Fairwinds Marina, Fairwinds Golf Course, or Red Gap Centre. Build your dream home here (builders can be introduced) OR build a spec home for an easy re-sale. Call today for full information!

++++ Please view the Youtube video on the 'Multimedia' button at the top of this page. ++++

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Please visit our Open House at 54 3449 HALLBERG ROAD in NANAIMO.
Open House from Monday, April 1, 2013 to Monday, April 1, 2013 11:00 AM - 01:00 PM
*** REDUCED BY $17, 550! **** Fixer upper. This mobile home with sizeable addition is located inside a pet-friendly family-oriented mobile home park located near Nanaimo's airport. With almost 1300 square feet and 2 bedrooms (a third bedroom could be configured from the current den), 2 bathrooms, a large living room and dining room, a metal roof, and a massive fully fenced pad lot - there is a lot of value for money here. This home also has a newer model woodstove unit in the living room to make for cozy nights in. Most of the "fixer-upper" items needed are cosmetic: flooring, paint, light fixtures, etc. This is a perfect opportunity for somebody looking for lots of space in a bargain-priced mobile home. reasonable pad rates. Owner motivated.
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Please visit our Open House at 864 PARK AVE in NANAIMO.
Open House from Monday, April 1, 2013 to Monday, April 1, 2013 02:00 PM - 04:00 PM
This charming South Nanaimo rancher benefits from vacant farmland on three sides and a view of Mount Benson down Murray Street at the front! Recent upgrades include a newer furnace, newer roof, some updated windows, and an upgraded bathroom. The home features a large master bedroom, generous living room with gas fireplace, and a detached garage that has been turned into a "man cave" (though it can easily be turned back into a garage). Lots of sunshine due to exposure to the South and West. Private fenced yard with raised garden beds and fruit trees. Access to crawl space is via easy stairwell from kitchen. This property is easy walking distance to all levels of schools and bus stops. Lots of parking (including room for RVs and boats). This is a great choice for first time buyers or retirees! Make an appointment to view today!
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Please visit our Open House at 1332 CARMEL PLACE in NANOOSE BAY.
Open House from Friday, March 29, 2013 to Friday, March 29, 2013 08:00 AM - 08:00 PM

*** REDUCED BY $5000 ***

Absolutely the best lot deal on a lot in the Nanoose area offered in the past few years. This flat, easy to build lot is on the Nanoose water system and has been pre-approved for it's septic system. Easy to build on. Located on a quiet road. Some ocean views if house with 2nd floor built.

One minute walk to the beach and ocean-front park. 10 minute walk or one minute driving to marina. Tenminutes drive to Parksville, Fairwinds Marina, Fairwinds Golf Course, or Red Gap Centre. Build your dream home here (builders can be introduced) OR build a spec home for an easy re-sale. Call today for full information!

++++ Please view the Youtube video on the 'Multimedia' button at the top of this page. ++++

Read Full Story
Please visit our Open House at 426 LAMBERT AVE in NANAIMO.
Open House from Saturday, March 30, 2013 to Saturday, March 30, 2013 02:00 PM - 04:00 PM
*** REDUCED BY $10,000 *** This home, located just 2 blocks from VIU, has a lot going for it: The upstairs area has just been renovated with new flooring, paint, baseboards, and bathroom fixtures. Buyers will immediately be attracted to the over-sized living room and generous open kitchen. The basement is large and high enough to put in an authorized suite with some reconfiguration - but otherwise is unfinished with a 3 make-shift bedrooms and a laundry area. A massive fenced yard (with alley access) includes a stately pear tree and privacy from the neighbours. The rear deck has been reno'd. A newer roof and (older) double-pane windows make this a great choice for first-time buyers, investors, or families. See this value-priced home today!
Read Full Story
Please visit our Open House at 198 BIRD SANCTUARY DRIVE in NANAIMO.
Open House from Sunday, March 31, 2013 to Sunday, March 31, 2013 02:00 PM - 04:00 PM
*** Reduced by $6000. This well maintained rancher has plenty of unique features and updates: New counter tops accent a large bright kitchen area with breakfast bar; a covered rear patio for lazy summer afternoons, a fully fenced private yard, a newer roof, a feature gas fireplace in a large living room, a 3 bay garage (perfect for using as a workshop for weekend projects), and ample room for R/V and boat parking. Located on a quiet residential road. Down the street from access paths into Buttertubs Marsh (great for nature lovers or dog walkers!). Walking distance to Vancouver Island University, the Aquatic Centre, the Ice Arena, all range of schools, and 2 fitness centres! Several bus routes nearby. Easy to convert into a wheelchair accessible home. Call to view today!
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Please visit our Open House at 4078 OLD SLOPE PLACE in NANAIMO.
Open House from Saturday, March 23, 2013 to Saturday, March 23, 2013 11:00 AM - 01:00 PM triple garage, MASSIVE home, 2 bdrm suite
** Seller may consider trade ** +++ Reduced by $60,000 +++ Looking for a home for an extended family or a home with a huge triple-bay/ 200 amp garage? Everything in this house comes in XXL size! Located on a quiet no-through road near the Shaw cable building - this property features: a large open kitchen with island and breakfast bar; a living room with a pitched ceiling and wood stove; a massive family room that can fit a pool table and another full sized game (air hockey? ping pong?); a Master bedroom with walk-in closet, patio, and full ensuite; 3 more bedrooms - all with ample room; a den/ office; a room-sized pantry. A locked off area can be used for in-laws or tenants includes a kitchen, living room, two bedrooms, a 4 piece bathroom, and its own laundry. Storage room is located under the house via side entrance. Minutes to shopping, highway, parks, and schools. On bus routes. Great property for a home based business. Quick possession possible.
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Please visit our Open House at 864 PARK AVE in NANAIMO.
Open House from Sunday, March 17, 2013 to Sunday, March 17, 2013 02:00 PM - 04:00 PM Lots of privacy!
This charming South Nanaimo rancher benefits from vacant farmland on three sides and a view of Mount Benson down Murray Street at the front! Recent upgrades include a newer furnace, newer roof, some updated windows, and an upgraded bathroom. The home features a large master bedroom, generous living room with gas fireplace, and a detached garage that has been turned into a "man cave" (though it can easily be turned back into a garage). Lots of sunshine due to exposure to the South and West. Private fenced yard with raised garden beds and fruit trees. Access to crawl space is via easy stairwell from kitchen. This property is easy walking distance to all levels of schools and bus stops. Lots of parking (including room for RVs and boats). This is a great choice for first time buyers or retirees! Make an appointment to view today!
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Please visit our Open House at 5047 BULLRUSH PLACE in NANAIMO.
Open House from Sunday, March 17, 2013 to Sunday, March 17, 2013 02:00 PM - 04:00 PM almost 2000 sq ft, fully renovated with view and inlaw suite

***JUST RENOVATED *** Massive half-duplex (nearly 2000 sq ft + garage) - almost the size of a house but for a much lower price! Perfect for a growing family!

4 bedrooms/ 3 baths on two floors! Features include a panorama view of the pond and hiking trails behind from the rear deck and patio; a large kitchen with eating nook and dining room; a large rec room with kitchenette, a sizeable laundry room with extra space for storage; two hot water tanks; built in vacuum; and 2nd deck at front of home. Potential in-law accommodation down. Fully fenced yard.

Shows like new!

Located on a quiet kid-friendly cul-de-sac and within easy walking distance to Uplands Elementary School and Nanaimo North Town Centre (Sears, Target, London Drugs, Fairway Market). Lots of parks, playgrounds, and walking trails nearby.

Quick possession possible. Make an appointment to view today!

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Please visit our Open House at 1332 CARMEL PLACE in NANOOSE BAY.
Open House from Sunday, March 17, 2013 to Sunday, March 17, 2013 11:00 AM - 05:00 PM level building lot near ocean on quiet road in Beachcomber.

*** REDUCED BY $5000 ***

Absolutely the best lot deal on a lot in the Nanoose area offered in the past few years. This flat, easy to build lot is on the Nanoose water system and has been pre-approved for it's septic system. Easy to build on. Located on a quiet road. Some ocean views if house with 2nd floor built.

One minute walk to the beach and ocean-front park. 10 minute walk or one minute driving to marina. Tenminutes drive to Parksville, Fairwinds Marina, Fairwinds Golf Course, or Red Gap Centre. Build your dream home here (builders can be introduced) OR build a spec home for an easy re-sale. Call today for full information!

++++ Please view the Youtube video on the 'Multimedia' button at the top of this page. ++++

Read Full Story
Please visit our Open House at 198 BIRD SANCTUARY DRIVE in NANAIMO.
Open House from Saturday, March 16, 2013 to Saturday, March 16, 2013 02:00 PM - 03:00 PM Rancher on quiet street, triple garage
*** Reduced by $6000. This well maintained rancher has plenty of unique features and updates: New counter tops accent a large bright kitchen area with breakfast bar; a covered rear patio for lazy summer afternoons, a fully fenced private yard, a newer roof, a feature gas fireplace in a large living room, a 3 bay garage (perfect for using as a workshop for weekend projects), and ample room for R/V and boat parking. Located on a quiet residential road. Down the street from access paths into Buttertubs Marsh (great for nature lovers or dog walkers!). Walking distance to Vancouver Island University, the Aquatic Centre, the Ice Arena, all range of schools, and 2 fitness centres! Several bus routes nearby. Easy to convert into a wheelchair accessible home. Call to view today!
Read Full Story
Please visit our Open House at 426 LAMBERT AVE in NANAIMO.
Open House from Saturday, March 16, 2013 to Saturday, March 16, 2013 11:00 AM - 01:00 PM Awesome home near university with suite potential; large lot
*** REDUCED BY $10,000 *** This home, located just 2 blocks from VIU, has a lot going for it: The upstairs area has just been renovated with new flooring, paint, baseboards, and bathroom fixtures. Buyers will immediately be attracted to the over-sized living room and generous open kitchen. The basement is large and high enough to put in an authorized suite with some reconfiguration - but otherwise is unfinished with a 3 make-shift bedrooms and a laundry area. A massive fenced yard (with alley access) includes a stately pear tree and privacy from the neighbours. The rear deck has been reno'd. A newer roof and (older) double-pane windows make this a great choice for first-time buyers, investors, or families. See this value-priced home today!
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Pent-Up Demand Growing.  The British Columbia Real Estate Association (BCREA) reports that a total of 4,501 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during February, down 23.6 per cent compared to February 2012. Total sales dollar volume was down 29.9 per cent to $2.39 million. The average MLS® residential price in the province was $514,134, up 3.1 per cent from January, but down 8.1 per cent from a year ago.

 

"BC home sales continued at a modest pace in February,” said Cameron Muir, BCREA Chief Economist. “Despite improved affordability, many potential buyers and sellers remain in a holding pattern. With pent up demand now becoming latent in the market, it’s not a matter of if, but when home sales rise above their current pace."

“An unusual spike in the average MLS® residential price in February 2012 is largely responsible for the year-over-year percentage change,” added Muir. “Most BC markets have experienced relatively stable price levels during the first two months of the year.”

 

Year-to-date, BC residential sales dollar volume declined 24.6 per cent to $4.1 billion, compared to the same period last year. Residential unit sales dipped 19.6 per cent to 7,911 units, while the average MLS® residential price was down 6.2 per cent at $523,117.

 

For the complete news release, including detailed statistics, click here.

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Hey everybody! I'm on the radio for an hour today on Victoria's 91.3 FM (signal available from South Nanaimo to Victoria. You can also stream on your computer or smartphone here:http://cjzn.streamon.fm/

I'll be spinning tunes and chatting with the on air hosts.

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Over the weekend, BMO lowered the rate to 2.99 per cent from 3.09 per cent, which is the lowest published rate among Canada’s big five banks.

 

“What you do have is an environment where you’re starting to see evidence of lending growth slowingand so you have a couple of levers at your disposal. Bank of Montreal does appear to be looking at pricing as an option to stem the decline on their own volumes,” said John Aiken, a financial services analyst with Barclays.

 

In a release on Monday, the bank said the move was to lock in rates ahead of an anticipated interest hike by the Bank of Canada. The central bank has been hinting for months rates will eventually need to rise, even though its language turned slightly dovish in January.

 

Ernie Johannson, senior vice president of personal banking Canada at BMO Financial Group, said the bank's efforts to encourage Canadians to pay down debt and build equity in their homes “have been aligned with minister (Jim) Flaherty's timely and prudent actions to encourage moderation in the housing market." The mantra is to "go fixed, go five, lock-in now" and become mortgage-free faster with a shorter 25-year amortization, he said in a statement.

 

The move comes at a time when the housing market has showed signs of cooling. Flaherty has repeatedly expressed concerns about the housing market getting overheated and last summer put in place tighter lending rules to calm the once-hot real estate market.

 

The market is still divided on the extent of the housing market slowdown, though most experts expect a cooling off rather than a crash.

 

The Canadian Real Estate Association said last month that national home sales activity edged up on a month-over-month basis in January.

 

"Given that the most likely trend in interest rates is upward and that longer-term interest rates are likely to move first, we believe that locking in for five years is the superior choice," said Doug Porter, chief economist at BMO Capital Markets.

 

Longer-term rates, such as five-year mortgages, can start moving higher well in advance of any action by the Bank of Canada, added Porter, who noted current five-year interest rates remain exceptionally low.

“A five-year term gives borrowers ample protection against the possibility of rates returning to more typical levels in the next few years," Porter said.

 

While it’s possible other banks may follow suit, Aiken said he doesn’t expect “this is going to lead to hyper competition within mortgage pricing.”

 

In a statement to the Globe and Mail on Sunday, Flaherty warned of any practices that would lead to a race to the bottom.

 

“My expectation is that banks will engage in prudent lending – not the type of ‘race to the bottom’ practices that led to a mortgage crisis in the United States,” Flaherty told the newspaper.

 

Lower rates could lure more buyers into the housing market this spring, and encourage some buyers to take out larger mortgages than they otherwise would, bolstering house prices, the Globe added.

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5047 BULLRUSH PLACE     1963 sq ft      $324,900

 

***JUST RENOVATED *** Massive half-duplex (nearly 2000 sq ft + garage) - almost the size of a house but for a much lower price! Perfect for a growing family! 4 bedrooms/ 3 baths on two floors! Features include a panorama view of the pond and hiking trails behind from the rear deck and patio; a large kitchen with eating nook and dining room; a large rec room with kitchenette, a sizeable laundry room with extra space for storage; two hot water tanks; built in vacuum; and 2nd deck at front of home. Potential in-law accommodation down. Fully fenced yard. Shows like new! Located on a quiet kid-friendly cul-de-sac and within easy walking distance to Uplands Elementary School and Nanaimo North Town Centre (Sears, Target, London Drugs, Fairway Market). Lots of parks, playgrounds, and walking trails nearby. Quick possession possible. Make an appointment to view today!


MORE INFO HERE

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Below is a download link for the MLS stats for February 2013 in the Nanaimo area. 
 
Sales are down considerably over February of last year - but don't panic - we seem to be bouncing around - one month we are up slightly over the previous year and the next month we are down. I expect that March sales we be up from February and probably similar to last year.

 

Download PDF HERE

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Here's an excellent video explaining why I decided to join RE/MAX and why it makes sense to hire me as your REALTOR® for buying or selling your real estate.

 

Let me know what you think. Leave comments below!

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