A steady increase in housing inventory is offering home buyers across Metro Vancouver among the largest selection to choose from since 2021. Home sales totaled 1,702 that is a 5% increase compared to November 2022 and 33% below the 10-year seasonal average. The benchmark price for all residential homes is currently $1.1851M representing a 5% increase from November 2022, and a 1% decrease...
2023
Walk-through videos are becoming increasingly popular. The seller’s agent simply films a tour of a home, often including commentary, and then makes the video available to prospects. When you’re shopping for a new home, you want to get the most out of watching this type of video, especially if you’re relying on it to help you decide whether or not to make a viewing appointment. Consider these...
When you’re selling your property, you want buyers to see it at its best. But, a percentage of potential buyers will only be able to see your home in the evening. If it’s getting dark by the time they arrive, your home may not look as good as it does during the day. Fortunately, there’s a lot you can do to compensate. Start with lighting. Make sure your home is well lit during an evening viewing. It...
If you’re making an offer on a property, obviously the price you go in at plays a big role in whether or not you get that home. That’s especially true when there are other competing offers. However, while the price is important, it’s not the only factor. There are other ways to make your offer more appealing. For example, the closing date may be important to the seller. They may be relocating...
An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages. Home sales totaled 1,996 that is a 4% increase compared to October 2022 and 30% below the 10-year seasonal average. The benchmark price for all residential homes is currently $1.1965M representing a 4.4% increase from October 2022, and a 0.6%...
There’s no doubt that an effectively “staged” home is likely to sell faster and for a better price. Studies in real estate sales consistently prove it. However, you might be asking, “Is it better to do the staging myself? Do I need to hire a professional?” Let’s look at the pros and cons. If your home is already in demand and likely to get multiple offers, you might get away with doing the...
"The early-bird gets the worm” is a popular expression. Indeed, there are many examples in life when being early, or even first in line, gives you an advantage. Real estate is one of them. When shopping for a new home, being among the first to learn about a new listing benefits you in several ways: • You have more time to see the property and make a decision. • You might be able to make an early...
When buyers view your home, how do you want them to feel? Do you want them to feel like they’re intruders or a nuisance? Of course not! You want them to feel welcomed. So how do you create that impression? Here are a few proven ideas: • The foyer. This is where buyers first set foot in your home. It’s where they form their first impressions. So, make sure the foyer is tidy and feels spacious. Ensure...
The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region. Home sales totaled 1,926 that is a 13% increase compared to September 2022 and 26% below the 10-year seasonal average. If you are looking to buy, sell or have questions about real estate, please...
At some point, every home needs to be upgraded to become more functional for the family members who live there – or for resale. However, a major renovation can be frustrating, unless you’re working with a reliable, knowledgeable general contractor. Here are some suggestions to help make your project go smoothly: 1. First, do your homework in advance. Identify needs and wants, such as design features...