Greater Vancouver Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in January 2018.

Vancouver

In the Vancouver Westside, there were 46 sales of detached homes and 672 active listings at the end of the month. The benchmark sale price was $3,548,400, with an average days on market of 68. The hottest markets for sales were Dunbar and Point Grey with 8 sales each.

In comparison, the condo market had 245 sales, 579 active listings and a benchmark sale price of $812,400 with an average of 28 days on market. The hottest market for sales was Downtown VW, 54 sales.

Townhome sales were 18, active listings were 105. The benchmark sale price was $1,247,900 with an average days on market of 26. Yaletown with 6 sales was the hottest market of the month.

It’s a seller’s market for condos.

MarketHotSheet_January2018_Vancouver-West

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Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in January 2018.

Squamish

In January 2018, there were 6 sales of detached homes and 99 active listings in Squamish. The benchmark sale price was $1,003,000 with an average days on market of 104.

The Condo market had 6 sales and 27 active listings at the end of the month. The benchmark sale price was $490,400 with an average days on market of 28.

Townhome sales were 9, active listings were 18. The benchmark sale price was $786,900, and the average days on market were 34.

It’s a buyer’s market for houses.

MarketHotSheet_January2018_Squamish

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Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in January 2018.

Squamish

In January 2018, there were 6 sales of detached homes and 99 active listings in Squamish. The benchmark sale price was $1,003,000 with an average days on market of 104.

The Condo market had 6 sales and 27 active listings at the end of the month. The benchmark sale price was $490,400 with an average days on market of 28.

Townhome sales were 9, active listings were 18. The benchmark sale price was $786,900, and the average days on market were 34.

It’s a buyer’s market for houses.

MarketHotSheet_January2018_Squamish

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Okanagan Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2018.

Central Okanagan: Kelowna and Lake Country

There were 143 sales, 609 active listings, and a $699,352 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 75.

The condo market featured 110 sales and 284 active listings at the end of the month. The average sale price was $322,183 with 65 average days on market.

Townhome sales were 37, active listings were 157, average sale price was $446,054, and the average days on market were 69.

MarketHotSheet_January2018_CentralOkanagan

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North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in January 2018.

North Delta

In the North Delta market, the benchmark sale price was $941,000 for detached homes. At the end of the month, there were 101 active listings and 20 sales.

The condo market had 10 sales and 14 active listings. The benchmark sale price was $375,000.

Townhomes featured 4 sales, 10 active listings and a $561,400 benchmark sale price.

It’s a seller’s market in North Delta for Condos and Townhomes.

MarketHotSheet_January2018_NorthDelta

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Luxury Homes Collection Magazine Winter 2017

2017 was a very dynamic year for luxury real estate in British Columbia, with new markets and regions entering into the luxury domain. Our luxury homes collection featured a variety of styles, areas and residences with exceptional quality. Trends, both modern and traditional coordinate within these pages to create inspiration and beautiful homes to choose from.

We checked in with our affiliates at Luxury Portfolio, the authority of luxury marketing, to discover the trends in luxury and the shape of the market. Read the inside cover message to learn about where the wealthy populations reside, and the movement of what luxury means to the affluent consumer.

Our Cover Story is a stunning equestrian estate in Saanich on Vancouver Island, located just outside of our capital city Victoria. From formal living spaces to exacting outdoor landscaping, this property has ample room and luxury. Our Wine Not features wines to celebrate with, please check out the recommendations to round out your holiday events.

click cover image to view magazine

CLICK HERE to view the digital edition on your computer or tablet

Buying a Home

Buying a home is both an exciting and scary venture. With the status of homeowner comes the costs of maintaining the property you are now tied to. If you are going to take on a lot of added responsibility it is your right to be selective when choosing a home. While your search may start out with enthusiasm, it can quickly grow tiresome as their are so many listings to browse.

Our question would be: why do all of the work when there is someone willing to help? The process goes a lot smoother with more that one set of eyes scouring the housing market for your perfect property. This is where our team truly shines, as we make it our duty to get our clients the keys to their ideal home! Simply tell us what you are looking for and we will go to work searching through our database of available homes. From there, we will give you a list  that most accurately match your requirements. With a list that is narrowed down to a handful of properties, your decision will be much more manageable.

Whether you are a first time buyer, or it has just been a few years since you’ve last bought a home, the process of buying a home can seem like a bit of a mystery.  I would be happy to sit down with you to walk you through the home buying process and the key milestones we will hit along the way.

home buying process infographic

 

Selling a Home

Selling a home can be a difficult task for even the most seasoned of sellers. There is so much that goes into the process of placing a property on the housing market. First, the owner needs to get the home in condition to present it to potential buyers. From there, taking proper pictures that display your residence in its best light is a must. These are the images that are going to grab the attention of those that are searching online through all the homes available for sale. Unfortunately, even the best pictures don’t ensure that your property will be seen. After all, you are competing with your neighbours for the attention of a select few buyers.

As with any competition, it is important to find an edge. This is where an experienced REALTOR® can be your ace in the hole. With an extensive list of interested buyers, as well as the knowhow to market your listing to a greater audience, real estate agents make it their mission to get the most money for your property. When you have a team of skilled agents on your side, the competition gets left in the dust!

I would be happy to sit down with you and explain the home selling process and all that I can offer to maximize the exposure of your home to potential buyers.

sell your home infographic

 

Introducing my global network… LeadingRE

Did you know that while I’m a real estate professional here in our community, I’m also a part of a global network of leading independent brokerages with over 120,000 real estate professionals who are experts in their own communities?

That means that if you ever need to buy, sell or invest in real estate elsewhere in Canada, the US or around the world just ask me to make an introduction to one of these local experts.  My company has helped clients successfully buy or sell in 9 provinces (including Nunavut!), over a dozen states (including California, Arizona and Hawaii), and internationally in countries like Mexico, England, France and China.

As we like to say… “I’m Local. I’m Global.™ 

Leading Real Estate Companies of the World (LeadingRE) is the home of the world’s market-leading independent residential brokerages in over 50 countries, with over 500 firms and 120,000 associates producing over one million transactions valued at $321 billion annually. Our by-invitation-only network is based on the unparalleled performance and trusted relationships that result in exceptional client experiences.  Watch this short video for an introduction.

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Increasing Your Property’s Value

The most common question to a REALTOR® when looking through a home is, “what improvements can I make that will increase the value of my property?”

What is your time and effort worth? Too many times we meet people who are eager to do the work, but don’t consider the buyer’s perspective. Some people may pay more for some features that won’t matter to others. Consult a professional to determine if the improvements you choose will be worth your money and will give you a return. Make sure this number is worth your time.

Increasing Your Property’s Value

CURB APPEAL
This can range from buying a few flowering planters for around the front door to substantial landscaping work. A fresh coat of paint on the front door, and improved lighting can make a big difference for a relatively small expense.

PAINT
Interior and exterior. Use neutral or modern colours and unless you are a pro, avoid creative patterns. No murals.

FLOORING
Upgrading from carpet or lino to hardwood and tile makes an enormous difference. Focus on look rather than price, since many buyers cannot tell the difference.

KITCHEN
This is usually the focal point of the house. Open concepts and modern colours are key. Consider refinishing existing cabinets and just replacing the counter-top to save money.

BATHROOMS
Freeing up room in the bathroom makes a big difference. Pedestal sinks can work well for this. Also modern looking tile goes a long way.

FLOOR PLAN ALTERATION
People like to entertain and see their guests. When you enter an open concept home it also feels much larger. Furthermore, three small bedrooms may work better as one large master and a spare.

PROFESSIONAL BASEMENT DEVELOPMENT
Please only use a builders, contractors or other professionals. Poor workmanship will be adjusted for at the time of the sale. You can do some work yourself, but leave the finishing to the pros.