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Vancouver Real Estate
Anne's Real Estate Update - August 2017 


In This Issue:

Globe & Mail: How helping Your Adult Kids Financially Became The New Normal?
CLICK HERE to view the article


CNBC: Here's Why Hong Kong Housing Is So Expensive
CLICK HERE to view the article


New Listings:  3530 West 5th Avenue
Recent Sales:  3334 Mount Seymour Parkway
CLICK HERE to view the listings

 

Testimonials
Buyer's & Seller's Side testimonial Letters

 

The Experience with Sotheby's
Luxury is an experience, not a price.

 

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


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

 

Real Estate Board of Greater Vancouver - July 2017
Home buyer activity returned to more typical summer levels in Metro Vancouver last month


Previous Issues
CLICK HERE to view previous issues of Anne's Real Estate Update


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

Article: How Helping Your Adult Kids Financially Became the New Normal - Globe & Mail

 

One of the biggest 21st-century paradigm shifts in personal finance could be the growing extent to which parents are financially supporting their adult children.

Parents helping with the costs of weddings or home down payments has always been a thing, but today, the scope is much greater. The parenting playbook pretty much dictates that you will be a major source of funding for your kids long after graduation...

CLICK HERE here to read full article

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Article 2: Here's why Hong Kong Housing is So Expensive - CNBC

 

Hong Kong was recently ranked the most expensive housing market in the world for the seventh consecutive year, according to the annual Demographia International Housing Affordability Survey.

The survey, which divides median house prices by gross annual median household income, found Hong Kong to clock in at 18.1. So, on average, if someone makes $50,000 in annual income, the cost of their home would be $900,000.

The 18.1 multiple soars above other markets around the world. The second least affordable city is Sydney which scored a multiple of 12.1. Even financial hubs London and New York pale in comparison coming in at multiples of 8.5 and 5.9 respectively.

So what makes Hong Kong so expensive?...


CLICK HERE here to read the full article.

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New Listings
FOR SALE: Elegant and Inviting
Asking $1,339,000
3530 W 5th Avenue,

Recent Sales
RECENTLY SOLD: Elegant and Spacious
Asking: $1,079,000
3334 Mount Seymour Parkway,
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Testimonials

WHEN YOU'RE SELLING A PROPERTY
 

It's hard to describe the level of service that Anne provided us as the listing agent for our home sale. She was thorough and thoughtful throughout the process. When we first invited her to discuss our possible sale, we had intended to speak with other agents as well, but it was clear from the initial visit that we were in very professional hands. She spent as much time as necessary to describe the market with up-to-date research and comparables. She provided us with personalized and high-quality promotional materials, staged our home, and even added many of her own personal items to help create the right feel for our place.

Her very personal touch makes you realize that she puts herself in your shoes - she wants the best for you, just as she does for herself. Her warm, honest manner helped us to trust her throughout the sale. Anne was always accessible and proactive, and followed up on everything that we asked. She attended each open house on her own, and followed up with us immediately after each showing. She brought our desired results in an amazingly short turn-around time. She promised and she delivered!

Mr. and Mrs. T.

Testimonial

WHEN YOU'RE BUYING A PROPERTY

I would highly recommend Anne Mainwaring as a realtor for the following reasons:

Professional
She is experienced and savvy with Vancouver real estate markets. She knows the fine points of deciding whether and how to make an offer, how to obtain financing, and how toe rnt out a property. She has reliable professionals she can recommend in related financial and legal fields. This is so important given the speed with which one needs to make these decisions in today’s markets. She gives an honest and intelligent opinion, for example, telling you if she does not think something is a good idea based on her experience. She puts integrity before making a profit. She is punctual and reliable, quick to return calls and emails, and very efficient with her time.
 
Compassionate
She recognizes the stressful nature of a real estate transaction, i.e. making rapid, life-changing decisions involving large amounts of money. This stress is mitigated by her highly competent and compassionate advice.
 
Charming
She possesses a delightful sense of humour, as well as a unique understanding of human nature. I found her to be very respectful, a good communicator who “gets” people. She also dresses in a professional, fashion conscious way. She is pleasant, energetic, and fun too! In summary, I had a 100% fantastic experience dealing with Anne, and have no reservations whatsoever.  She is a DIAMOND!!!

-- Anna




Sotheby's: Luxury is an experience, not a price...

We, at Sotheby's, are very proud to have represented the purchase and sale of some of the most luxurious homes in Canada.  As a brand, we have represented some of the most luxurious homes in the world.  With that success comes a challenge and the challenge is that some people feel that we only represent homes at the highest end of the value range.  While we are particularly well known for the luxury homes we represent and we also proudly represent homes at a wide range of values.  

For us, luxury is an experience and not a price. Let me give you an example.

When you go to a store like Tiffany's & Co, you receive the exact same customer experience regardless of whether the item you are purchasing is worth a few hundred dollars or tens of thousands of dollars. Each purchase is placed in one of their iconic robin's egg blue box, wrapped with ribbon and placed in one of their signature bag.  It is a memorable experience.  It is an experience that makes you feel good about the purchase. 

For most people, their home is their most prized possession.  It is where a couple may have come together for the first time, its where children were born and raised its where the entire family has worked diligently to convert a house into a home.

We believe every home has a story and that our job is to artfully tell that story using the tools that we have developed working with some of the incredibly iconic properties and some of the most discerning clients.

We believe, that everyone deserves a luxurious experience when they buy or sell a home.  Let us show you how our people can that same creativity and passion to a home just like yours.  After all, we think that you and your home deserve the best. 

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 July 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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Metro Vancouver Sees Fewer Home Sales and
More Listings in July

VANCOUVER, BC – August 9, 2017

 

Home buyer activity returned to more typical summer levels in Metro Vancouver last month.
 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016, and a decrease of 24 per cent compared to June 2017 when 3,893 homes sold.

Last month’s sales were 0.7 per cent above the 10-year July sales average.

“Housing demand is inconsistent across the region right now. Pockets of the market are still receiving multiple offers and others are not. It depends on price, property type, and location,” Jill Oudil, REBGV president said. “For example, it’s taking twice as long, on average, for a detached home to sell compared to both townhomes and condominiums.”

There were 5,256 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2017. This represents a 0.3 per cent increase compared to the 5,241 homes listed in July 2016 and an 8.1 per cent decrease compared to June 2017 when 5,721 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,194, a 10.1 per cent increase compared to July 2016 (8,351) and an eight per cent increase compared to June 2017 (8,515).

“Because home sale activity decreased to more historically normal levels in July, the selection of homes for sale in the region was able to edge above 9,000 for the first time this year,” Oudil, said.

For all property types, the sales-to-active listings ratio for July 2017 is 32.2 per cent. By property type, the ratio is 16.9 per cent for detached homes, 44.9 per cent for townhomes, and 62 per cent for condominiums.

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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,019,400. This represents an 8.7 per cent increase over July 2016 and a 2.1 per cent increase compared to June 2017.

Sales of detached properties in July 2017 reached 949, a decrease of 11.9 per cent from the 1,077 detached sales recorded in July 2016. The benchmark price for detached properties is $1,612,400. This represents a 1.9 per cent increase from July 2016 and a 1.5 per cent increase compared to June 2017.

Sales of apartment properties reached 1,468 in July 2017, a decrease of 8.4 per cent compared to the 1,602 sales in July 2016. The benchmark price of an apartment property is $616,600. This represents an 18.5 per cent increase from July 2016 and a 2.7 per cent increase compared to June 2017.

Attached property sales in July 2017 totalled 543, a decrease of 0.7 per cent compared to the 547 sales in July 2016. The benchmark price of an attached unit is $763,700. This represents an 11.9 per cent increase from July 2016 and a 2.4 per cent increase compared to June 2017.      

CLICK HERE to view the complete REBGV Statistics Package.


*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.
Newsletter Archives
Here are some past issues of Anne's Real Estate Update:


Anne's Real Estate Update - July 2017
Anne's Real Estate Update - June 2017
Anne's Real Estate Update - May 2017
Anne's Real Estate Update - April 2017
Anne's Real Estate Update - March 2017
Anne's Real Estate Update - February 2017
Anne's Real Estate Update - January 2017
Anne's Real Estate Update - November 2016
Anne's Real Estate Update - October 2016
Anne's Real Estate Update - August 2016
Anne's Real Estate Update - July 2016
Anne's Real Estate Update - June 2016
Anne's Real Estate Update - April 2016
Feb 2016 Real Estate Update
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Anne Mainwaring REALTOR · 5660 Yew Street · Vancouver, BC V6M 3Y3 · Canada

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