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Vancouver Real Estate - July 2017   
Anne's Real Estate Update
In This Issue:


Visual Capitalist: Where Are The Ultra Rich Buying Luxury Homes?
CLICK HERE to view the article


New Listings:  3334 Mt. Seymour Parkway
Recent Sales:  7790 Cambie Street

CLICK HERE to view the listings


Testimonials
Buyer's Side & Seller's Side testimonial letters

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

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

Real Estate Board of Greater Vancouver - June 2017

Home buyer activity returned to near record levels across the Metro Vancouver
housing market in May.

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


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Article: Where The Ultra Rich Are Buying Luxury Homes - Visual Capitalist
 

Whether it’s a 10,000 sq. ft mansion in Bel Air, or a classy penthouse in Monaco with a harbour view, the buyers of top-end real estate tend to be very particular.

In fact, the most robust markets for luxury real estate can be found concentrated in only a few world-class cities like Hong Kong, London, or New York, or in luxury destinations like Cannes or The Hamptons. These are all timeless locations that have the amenities and activities to appeal to large amounts of high net worth individuals.

CLICK HERE here to read full article

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New Listings
FOR SALE: Elegant and Spacious
Asking $1,079,000
3334 Mt Seymour Parkway

Recent Sales
RECENTLY PURCHASED: New Condo Development - Cambie62
Listing Price: $889,900
305 7790 Cambie Street,
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Testimonial

WHEN YOU'RE SELLING A PROPERTY

It is thanks to our real estate agent, Mrs. Anne  Mainwaring,  that the sale of our house in Quilchena, Vancouver BC, turned from an ordeal into a fairly pleasant, albeit serious, event. One only sells one’s home a few times in their lives. It is natural to expect difficulties and it becomes essential to sell well especially when downsizing with the hope of receiving some “retirement” funds from this sale.

The sale of our home went through quickly based on the professional advice of Mrs. Mainwaring. With her guidance,  we were able to overcome many serious difficulties, including a serious attempt to substantially lower the selling price on the basis of critical, although unsubstantiated, claims.

We know that it was to the large extent due to the tactful and very patient efforts by Mrs.  Mainwaring, as well as her command of the Chinese language that we were able to maintain the stability of the initial offer as well as peace at home. Mrs.  Mainwaring responded to all challenges without delay, she worked diligently, thoroughly and resourcefully until the problem was solved to our satisfaction, on several occasions, well past midnight. 

Our initial decision to contact Sotheby’s Real Estate Agency was based on their well-known tradition of professional efficiency, honesty and high quality of work as serious international art auctioneers. We have learned that their representative agent, Mrs.  Mainwaring, embodies not only these qualities but also charm, humour and generosity of spirit as well as an exceptional dedication to her task. We were happy with the process of selling our home as well as with the results.

-- Mr. & Mrs. B.

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


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 June 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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Demand for condominiums continues to outstrip supply
VANCOUVER, BC – July 5, 2017


The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold.

Last month’s sales were 14.5 per cent above the 10-year June sales average. “Two distinct markets have emerged this summer. The detached home market has seen demand ease back to more typical levels while competition for condominiums is creating multiple offer scenarios and putting upward pressure on prices for that property type,” Jill Oudil, REBGV president said.

There were 5,721 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2017. This represents a 2.6 per cent decrease compared to the 5,875 homes listed in June 2016 and a 5.3 per cent decrease compared to May 2017 when 6,044 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is
8,515, a nine per cent increase compared to June 2016 (7,812) and a 4.2 per cent increase compared to May 2017 (8,168).

“Home buyers have more selection to choose from in the detached market today while condominium listings are near an all-time low on the MLS®,” Oudil said. “Detached home listings have increased every month this year, while the number of condominiums for sale has decreased each month since February.”

For all property types, the sales-to-active listings ratio for June 2017 is 45.7 per cent. By property type, the ratio is 24.5 per cent for detached homes, 62 per cent for townhomes, and 93.2 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.

“Market conditions will vary today depending on area and property type,” Oudil said. “It’s important to work with your local REALTOR® to help you understand the trends that are occurring in your community.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro
Vancouver is currently $998,700. This represents a 7.9 per cent increase over June 2016 and a 1.8 per cent increase compared to May 2017.

Sales of detached properties in June 2017 reached 1,320, a decrease of 15.5 per cent from the 1,562 detached sales recorded in June 2016. The benchmark price for detached properties is $1,587,900. This represents a 1.4 per cent increase from June 2016 and a 1.1 per cent increase compared to May 2017.

Sales of apartment properties reached 1,905 in June 2017, a decrease of 9.6 per cent compared to the 2,108 sales in June 2016. The benchmark price of an apartment property is $600,700. This represents a 17.6 per cent increase from June 2016 and a 2.9 per cent increase compared to May 2017.

Attached property sales in June 2017 totaled 668, a decrease of 8.5 per cent compared to the 730
sales in June 2016. The benchmark price of an attached unit is $745,700. This represents a 10.7 per cent increase from June 2016 and a 0.6 percent increase compared to May 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 - 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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