Monthly Newsletter for April 2017

Under Concord Pacific, False Creek, Information for Buyers, Information for Home Owners, Information for Sellers, Market Update, Market Updates, Mount Pleasant, New Developments, REBGV Stats, Selling a Home in Vancouver, Sold, Uncategorised, Vancouver, Yaletown

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Written on April 7th, 2017

 

 

Update
 

April 2017 Market Update & Analysis

When you’ve got a moment, have a quick look at some of the most recent stats and analysis of a few different areas and property types.  Please feel free to get in touch with me anytime if you’d like to discuss any of these stats in greater detail, and / or if you’d like me to send you any information that’s more specific to your neighborhood and property type.

EASTSIDE ATTACHED (Condos & Townhomes):

  • Official Market Type EASTSIDE ATTACHED: Sellers market at 85% Sales Ratio average (8.5 in 10 homes selling rate).
  • Homes are selling on average 2% above list price.
  • Most Active Price Band* $300,000 to $600,000 with average >100% Sales Ratio (Sellers market).
  • Buyers Best Bet* Homes between $900,000 to $1 mil, Downtown, Renfrew, Victoria and 3 bedroom properties.
  • Sellers Best Bet* Selling homes in Collingwood, Fraser, Grandview, Knight, Mt Pleasant and up to 1 bedroom properties.

NORTH VANCOUVER DETACHED:

  • Official Market Type NORTH VANCOUVER DETACHED: Sellers market at 42% Sales Ratio average (4.2 in 10 homes selling rate).
  • Homes are selling on average 1% below list price.
  • Most Active Price Band* $1.25 mil to $1.5 mil with average >100% Sales Ratio (Sellers market).
  • Buyers Best Bet* Homes between $2.5 m il to $2.75 mil, Boulevard, Forest Hills, Upper Delbrook and minimum 7 bedrooms.
  • Sellers Best Bet* Selling homes in Central Lonsdale, Lynn Valley and 3 to 4 bedroom properties.

VANCOUVER DOWNTOWN ATTACHED (Condos & Townhomes):

  • Official Market Type DOWNTOWN: Sellers market at 73% Sales Ratio average (7.3 in 10 homes selling rate).
  • Homes are selling on average at list price.
  • Most Active Price Band* +/- $1 mil: $400k to $500k (>100% Sales Ratio) / $1 mil to $1.25 mil (>100% Sales Ratio).
  • Buyers Best Bet* +/- $1 mil: Homes between $700k to $900k / $2.5 m il to $2.75 mil, Coal Harbour, Yaletown and 3 bedrooms.
  • Sellers Best Bet* Selling homes in Downtown, Westend and up to 1 bedroom properties.

*With a minimum inventory of 10 in most instances.

 

 

 
 

 

Recent Yaletown Sale

We’re thrilled to have just sold this immaculate patio suite in Yaletown for our sellers, achieving a record per foot sales price in the building.

Our comprehensive marketing campaign provided maximum exposure for this listing, drawing in multiple offers in a development with many other active listings, resulting in a quick sale and an offer that not only netted our sellers an amazing price, but also included a favorable lease back which allows them to collect the proceeds of the sale fairly quickly while allowing them to remain living in the unit until they complete renovating their next home around the corner.

 

 
 

RE/MAX Home Team Contest

I’d like to thank you for your continued support of my business! My business is built on referrals, and with that being said, the biggest compliment you can give me is to refer your friends and family. I am always happy to talk real estate and assist in making the home buying and selling process enjoyable and profitable!

As a thank you for your support, I’d like to invite you to participate in the RE/MAX Home Team Sweepstakes Contest which is offering 30 lucky winners prizes valued at over $20,000. Why not take a shot at entering?

Click on the picture below for a quick video with details and registration instructions.

 

 
 

This communication is not intended to cause or induce breach of an existing agency relationship.

 

 

 
 
 
 

Our contact information and mailing address is:
Josh Mulherin | 778.772.9254 | Josh@JoshMulherin.com | www.JoshMulherin.com
RE/MAX Crest Realty Westside – 1428 West 7th Avenue – Vancouver, BC – V6H 1C1Want to change how you receive these emails?
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