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Vancouver Real Estate - May 2017

Anne's Real Estate Update

In This Issue:


Active / Sold Listings
Some active listings and sales this month


Sotheby's International Realty Presents: The Release of Global Affluence: The Emerging Global Customer
Click here to view the full report.


Financial Post - Vancouver housing market is rebounding from tax impact, with prices up 5% in three months
Click here to read more..
 
Contact Me If You Are Interested in Investing in the Residential Market in Seattle in a Pre-Sale or Resale.
Click here to read more

My Commitment To You
How I will facilitate your property sales & acquisitions. It can be a great experience!

SnapStats - Vancouver West & Vancouver East April 2017
The New SnapStats Package for Vancouver Downtown, Vancouver East & Vancouver West

Real Estate Board of Greater Vancouver - May 2017

Condominiums and townhomes in high demand across Metro Vancouver


Testimonials
A testimonial from a recent satisfied client


NOTE: Some links within this document are not supported by Apple IOS and Android operating systems. Please scroll down manually.

Recent Sales

SOLD: Vancouver, BC
Quilchena
Listing Price: $3,468,000.00
2302 West 33rd Street,
Vancouver BC
SOLD: Vancouver, BC
Grandview, VE
Listing Price: $1,139,000.00
1921 Grant Street,
Vancouver BC
SOLD: Yaletown, BC
Waterfront Views
Listing Price: $824,900.00
402 1008 Beach Avenue,
Vancouver BC

Active Listings

FOR SALE: PENTHOUSE AT THE LEVESON 
Asking $1,788,800
SPH2 7828 Granville Street,
Vancouver, BC

CLICK HERE for the 360 degree panoramic video.
FOR SALE: Large Lot on the West Side
Asking $3,489,000
5995 Dunbar Street,
Vancouver BC
 
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Sotheby's International Realty Presents:

The Release of Global Affluence: The Emerging Global Luxury Customer 

Emerging luxury consumers are defined as those with $250K USD - $1M USD in investable assets; they are on the cusp of attaining traditional wealth status. The Sotheby’s International Realty Global Affluence: The Emerging Luxury Consumer report surveyed this select group of people in the United States (U.S.), United Kingdom (U.K.), India, United Arab Emirates (U.A.E.) and China and found that the majority in all five countries expressed confidence in their country’s current economy, their personal economic status, and in the housing market...
 

CLICK HERE to read more.  (3.2 MB PDF File)
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Financial Post Presents:

Vancouver housing market is rebounding from tax impact


Prices in Canada’s most expensive city for existing homes appear to have rebounded from the impact of a tax on foreign buyers as Vancouver realtors reported Tuesday a huge swing in demand for condominiums and townhomes in April...
 

CLICK HERE to read more.

 
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Seattle: A New Tech Haven for Foreign Investors 

Foreign investors are flocking to Seattle as strong corporate expansion, driven by a growing cohort of tech firms expanding into the city, continues to serve as a magnet for domestic and foreign money as well as institutional and private capital...

CLICK HERE to read more.

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My Commitment To You


In addition to the standard service offered by Realtors®, I will write  a LIFESTYLE STORY, BRAND your house and SHOWCASE it. This includes:
  1. FREE  staging services: I will create an ideal environment for future buyers to imagine themselves in this new space and make it very inviting and welcoming.
  2. HIGH-DEFINITION PICTURES: The use of a professional photographer and 20 High-definition pictures to showcase your home.
  3. The creation of a HIGH-END VIDEO of your property, including drone imaging.  Having  Sight , Sound and Motion will allow to transport the consumers into your home.  This will highlight  the lifestyle associated to living in your neighbourhood area and features its benefits. A video tells best the story of your home. 
  4. Thick glossy brochures with high-definition pictures, floor plan and description of your property

For a successful sale, I will leverage my Experience and Expertise in a very competitive market by:
  1. Helping you reach the Local, Asian, American and European markets with language proficiency in English, Mandarin and French.     .
  2. Advertising  in the major local newspapers and send out newsletters and flyers to  promote your property. Putting a sign on your lawn is just the beginning: I spend lots of my costs to “PUSH” your property to get it sold in the fastest time frame. 
  3. Offering “boutique” service, and am committed to personally (no realtor's assistant) showing your house at the Open Houses and each appointment request. 
  4. Negotiating on your behalf to ensure that you receive the highest possible sale price for your home. 
  5. Warranting you to receive full transparency and open communication through the entire process.
  6. Providing a Personal & Courteous service. 

Other ancillary services that I can assist you with include:  
  1. Arranging for owners rent back
  2. Having access to architects/designers/ builders/ trade people (painting, flooring, plumbing and electrical). 
  3. Leveraging my expanded referral network and partners:
    - CPA: Tax strategies and investment planning
    - LAWYERS: Advice and guidance for your investments
    - FINANCING: Creative loan solutions for local and international buyers



Why use Sotheby’s International Realty Canada? 

Sotheby’s offers UNPARALLELED MARKETING REACH AND ADVANTAGES.

Sotheby’s International Realty Canada is currently the most trusted name in real estate bringing instant credibility and recognition with Buyers and Sellers, reaching the most influential group of people in the world. 

Sotheby’s International Realty extends an extraordinary name in real estate and in the luxury world. 
Luxury is in Sotheby’s DNA:  has sold most cherished valuable in the world and is truly a unique global luxury brand.

GLOBAL EXPOSURE on many platforms: sothebysrealty.com and the cascading websites. 
  • In 2016: Sothebyrealty.com reached 100,523,849 views. (+35% from 2015) 
  • Already in 2016, Sotheby’s engaged 1/7th of the world!
  • Juwai.com. -  All our properties are featured on Juwai (the #1 real estate site in China for a total of 21,414 impressions in 2016 on our company page).
  • Sotheby's offers a powerful network of 20,000 agents and 850 offices in 65 countries worldwide giving access to affluent community of buyers.
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SnapStats

The New SnapStats Package for Vancouver Downtown, Vancouver East & Vancouver West

CLICK HERE to view the complete APRIL 2017 report.

SnapStats brings simplicity and clarity to complex real estate data and statistics. You’ll know which neighbourhoods are hot, what home types and size are in demand, detailed inventory info, asking and sale prices, average time spent on market, and many more useful details and figures—all broken down in a clear, single page customized with your name and contact information.

SnapStats’ charts, tables and graphs are simple to understand. In minutes, you’ll see market trends, sales to active listing ratio, month-to-month comparisons, and much more. They’re broken down using all sorts of relevant factors—including price range, neighbourhood, bedroom number, and much more. This gives you the amazing ability to pinpoint trends and statistics customized to your personal needs.
 
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May 3, 2017

REGVB APRIL STATS
Condominiums and Townhomes in High Demand Across Metro Vancouver

Demand for condominiums and townhomes continues to drive the Metro Vancouver* housing market.

Residential property sales in the region totaled 3,553 in April 2017, a 25.7 per cent decline compared to April 2016 when 4,781 homes sold and a 0.7 per cent decrease from the 3,579 sales recorded in March 2017.

April sales were 4.8 per cent above the 10-year average for the month.

For the first four months of the year, condominium and townhome sales have comprised a larger percentage of all residential sales on the Multiple Listing Service® (MLS®) in Metro Vancouver. Over this time, they’ve accounted for 68.5 per cent, on average, of all residential sales. This is up 10 per cent from the 58.2 per cent average over the same period last year.

“Our overall market is operating below the record-setting pace from a year ago and is in line with historical spring levels. It’s a different story in our condominium and townhome markets," Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. “Demand has been increasing for months and supply is not keeping pace. This dynamic is causing prices to increase and making multiple offer scenarios the norm.

”New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,907 in April 2017. This represents a decrease of 19.9 per cent compared to the 6,127 units listed in April 2016 and a three per cent increase compared to March 2017 when 4,762 properties were listed.

The total number of residential properties currently listed for sale on the MLS® system in Metro Vancouver is 7,813, a 3.5 per cent increase compared to April 2016 (7,550) and a three per cent increase compared to March 2017 (7,586).

The sales-to-active listings ratio for April 2017 is 45.5 per cent for all property types. This is two per cent below March 2017 and is indicative of a sellers’ market. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

By property type, the sales-to-active listings ratio is 26 per cent for detached homes, 58.2 per cent for townhomes, and 82.2 per cent for condominiums.

“Until more entry level, or ‘missing middle’, homes are available for sale in our market, we’ll likely continue to see prices increase,” Oudil said. “There’s been record building this past year, but much of that inventory isn’t ready to hit the market.”The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $941,100. This represents a five per cent increase over the past three months and an 11.4 per cent increase compared to April 2016.

Over the last three months, the benchmark price of condominiums has seen the largest increase in the region at 8.2 per cent, followed by townhomes at 5.3 per cent, and detached homes at 2.8 per cent.

“Home buyers are looking to get into the market and they’re facing fierce competition,” Oudil said. “It’s important to work with your local Realtor to help you navigate today’s marketplace.”

Sales of detached properties in April 2017 reached 1,211, a decrease of 38.8 per cent from the 1,979 detached sales recorded in April 2016. The benchmark price for detached properties is $1,516,500. This represents an 8.1 per cent increase over the last 12 months and a 1.8 per cent increase compared to March 2017.

Sales of apartment, or condominium, properties reached 1,722 in April 2017, a decrease of 18.3 per cent compared to the 2,107 sales in April 2016.The benchmark price of an apartment property is $554,100. This represents a 16.6 per cent increase over the past 12 months and a 3.1 per cent increase compared to March 2017.

Attached, or townhome, property sales in April 2017 totalled 620, a decrease of 10.8 per cent compared to the 695 sales in April 2016. The benchmark price of an attached unit is $701,800. This represents a 15.3 per cent increase over the past 12 months and a 2.4 per cent increase compared to March 2017.

CLICK HERE to view the full stats package. (0.6 MB PDF)


*Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.
Testimonial
 
Your professional abilities and positive attitude in finding our lovely apartment were greatly appreciated, as was your patience in searching for the right condo for two people with different priorities.

Your competence and organizational skills made us feel confident throughout the process, and your taking care of details like finding us extra parking spaces makes it clear that you go above and beyond for your clients.

We feel very fortunate to have benefited from your first class services, and are delighted to recommend you as a highly competent and very dedicated realtor.

Tanya W.
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Anne Mainwaring REALTOR · 5660 Yew Street · Vancouver, BC V6M 3Y3 · Canada

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