Newsletter for March 2017

Under Concord Pacific, False Creek, Information for Buyers, Information for Home Owners, Information for Sellers, Luxury, Market Update, Market Updates, Mount Pleasant, REBGV Stats, Selling a Home in Vancouver, State of the Market, Vancouver, Views, World Class Amenities, Yaletown

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Written on March 6th, 2017

 

 

Here’s a quick look at what’s happening in Vancouver Real Estate.

Update

March 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 couple 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 57% Sales Ratio average (5.7 in 10 homes selling rate).
  • Homes are selling on average 3% above list price.
  • Most Active Price Band* $900,000 to $1 mil with average >100% Sales Ratio (Sellers market).
  • Buyers Best Bet* Homes between $1.25 mil to $1.5 mil, Renfrew, Victoria and 3 bedroom properties.
  • Sellers Best Bet* Selling homes in Fraserview, Hastings, Mt Pleasant and up to 1 bedroom properties.

NORTH VANCOUVER DETACHED:

  • Official Market Type NORTH VANCOUVER DETACHED: Sellers market at 40% Sales Ratio average (4 in 10 homes selling rate).
  • Homes are selling on average 3% below list price.
  • Most Active Price Band* $1 mil to $1.75 mil with average >100% Sales Ratio (Sellers market).
  • Buyers Best Bet* Homes between $2.75 mil to $3 mil, Canyon Heights, Edgemont, Forest Hills, Upper Delbrook and 7+ bedrooms.
  • Sellers Best Bet* Selling homes in Central Lonsdale, Lynn Valley, Upper Lonsdale and up to 2 bedroom properties.

VANCOUVER DOWNTOWN ATTACHED (Condos & Townhomes):

  • Official Market Type DOWNTOWN: Sellers market at 58% Sales Ratio average (5.8 in 10 homes selling rate).
  • Homes are selling on average at list price.
  • Most Active Price Band* +/- $1 mil: $0 to $300k (>100% Sales Ratio) / $1 mil to $1.25 mil (52% Sales Ratio).
  • Buyers Best Bet* +/- $1 mil: Homes between $900k to $1 mil / $1.75 m il to $2 mil, Coal Harbour, Yaletown and 3 bedrooms.
  • Sellers Best Bet* Selling homes in Westend and up to 1 bedroom properties.

*With a minimum inventory of 10 in most instances.

Marinaside Homes

We’re very excited to have recently launched our latest marketing campaign for one of the city’s most highly coveted communities, Marinaside Homes.

This amazing waterfront community was built by one of Canada’s premier developers, Concord Pacific, and has become one of the most livable neighborhoods in the city providing not only the serenity of the seawall and False Creek, but also the entertainment and amenities that are only steps away in Yaletown.

Please click on the pic below to have a read through of our latest newsletter that we’ve created and will be providing for this outstanding community.

If you, or anyone you know, are interested in receiving these newsletters please let me know and we’ll add you, or them, to our mailing list.

Another Great Year for RE/MAX Locally, and Globally…

Some recently announced stats from 2016 further solidify our companies expertise and dominance throughout Metro Vancouver and around the world:

  • Our office, RE/MAX Crest Realty Westside, forms part of the Metro Vancouver Properties Group, won the Number One Sales Volume Award, Multi-Office, for the entire world, marking our 7th time winning this prestigious award.
  • To help put that award in perspective: With over 100,000 agents, and 6,800 offices operating in over 100 countries, in 2016 RE/MAX successfully handled over one million transaction sides in the U.S., another 350,000 in Canada, and 250,000 more in the rest of the world.
  • No competitor comes remotely close to 1.6 million transaction sides – so the company continues to be what it set out to be – the worldwide real estate leader. 
  • Locally, throughout Greater Vancouver, RE/MAX once again held the largest market share, as outlined in the graph shown below:

We’re very proud to be working with RE/MAX, and to have the support of such a successful company and brand behind both us, and our clients.


 

 

 

 

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