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Dear customer,<\/p>\n
September 2019 statistics have been released.\u00a0 As predicted, prices and activity are starting to balance out, and some parts of Greater Vancouver are actually starting to pick up in price.\u00a0 Numerous properties are going into multiple offers over the last 2-3 weeks.\u00a0 Please take the time to read through this email as I have included some additional info that isn’t available to the public, which may affect your market greatly in the near future.<\/p>\n
According to the Real Estate Board:<\/p>\n
VANCOUVER, BC \u2013 October 2, 2019 \u2013 Home buyer demand has returned to more historically typical levels in Metro Vancouver* over the last three months.<\/span><\/u><\/p>\n The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and a 4.6 per cent increase from the 2,231 homes sold in August 2019.<\/p>\n Last month\u2019s sales were 1.7 per cent below the 10-year September sales average.\u00a0 \u201cWe\u2019re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,\u201d Ashley Smith, REBGV president said. \u201cHome buyers are more willing to make offers today, particularly in the townhome and apartment markets.\u201d<\/p>\n There were 4,866 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in September 2019. This represents a 7.8 per cent decrease compared to the 5,279 homes listed in September 2018 and a 29.9 per cent increase compared to August 2019 when 3,747 homes were listed.<\/p>\n Last month, we have been seeing a stabilization in home prices due to supply and demand.\u00a0 As you can see, demand is now back to a balanced level, leveling off the drop from the last year and a half.\u00a0 The higher price range areas \/ properties are still seeing a drop, whereas the lower priced areas \/ properties are seeing several multiple offer situations driving the price up, averaging to the balanced pricing.\u00a0 With the Federal Election coming up, BC Housing has numerous areas for the electorates to focus on.\u00a0 Their message is to make the market “more affordable for everyone”.\u00a0 Reading between the lines, and understanding the basics of economy, to make the market more affordable for everyone means more demand.\u00a0 Demand drives up pricing.\u00a0 And we are seeing that right now.\u00a0 If you have been on the fence on purchasing a property, don’t wait and miss the boat again!\u00a0 There are tons of opportunities in the market right now depending on what you wish to do.\u00a0 Give me a call and we can discuss how to maximize your investments!<\/p>\n Just as before, I’m here to provide some detailed relevant information segmenting different markets, to make it more applicable to your situation.<\/strong><\/p>\n At the bottom of this email, you will find a copy of the Snap Stats, which is something we utilize to benefit our knowledge to our clients.\u00a0 Please do feel free to call<\/strong> Alex at 604-374-5534<\/strong> to discuss further.<\/p>\n In the Snap Stats attached below, you will find the activity of the different price ranges per area.\u00a0 As a rule of thumb, sales ratio under 12% represents a downward pressure (Buyers’ market).\u00a0 Sales ratio between 12% to 20% represents a balanced market.\u00a0 Sales ratio above 20% represents an upward pressure (Sellers’ market).<\/p>\n If you are looking to make a move of any sort, this is a key opportunity to do so.\u00a0 Call or Email Alex<\/strong> to arrange a quick 30-minute chat to see whether it’s right for you right now.\u00a0 Everyone’s priorities and timing are different, and you need to equip yourself with the best and most relevant information for you and your family.<\/p>\n <\/p>\n Sellers –<\/strong> Buyers are there now.\u00a0 Your pricing and marketing need to remain SHARP.\u00a0 Barring any unorthodox challenges such as an excess supply in your area, problems within your home, things WILL SELL in this market.\u00a0 Make sure you fully understand the relevant market prior to proceeding.\u00a0 If you are looking to sell, please call<\/strong> Alex at 604-374-5534.\u00a0 <\/strong>You want the best on your side!<\/p>\n Buyers – <\/strong>Prices are stabilizing.\u00a0 Multiple offers are coming out again.\u00a0 “Lowballing” is not the strategy anymore.\u00a0 Opportunities are there, and you need to make sure you are going in with a realistic mindset by being equipped with a Comparative Market Analysis to know how a listing is priced.\u00a0 To get a great home, you’ll need great strategy.\u00a0 Most importantly, you’ll need to ACT QUICK!\u00a0 I’d be privileged to assist if you are in need of expertise and representation.<\/p>\n <\/p>\n <\/p>\n Details matter in this market.\u00a0 You have to go in with your eyes wide open.\u00a0 If you need any guidance or assistance, please do reach out and call<\/strong> Alex<\/strong> at 604-374-5534<\/strong>, or simply reply to this email<\/strong>.\u00a0 I look forward to helping you and\/or your family and friends with all your Real Estate needs.<\/p>\n Referral Program<\/strong><\/u><\/span><\/span><\/p>\n We love our clients, and want to always show our appreciation for your kind reviews.\u00a0 As we grow our business primarily on referrals, we want you to be a part of the growth.\u00a0 For any past \/ current clients of Yao Real Estate Group, if you refer a client to us for a purchase or sale of a property, you would receive a 10% commission referral fee for a purchase, and \/ or a 20% commission referral fee for a sale of their property.\u00a0 Just do a mutual introduction, and we will take over.\u00a0 Rest assured that we will take care of your referrals with the utmost personalized attention.\u00a0 Once a transaction is complete, you will receive a cheque of the referral fee in the mail.\u00a0 It’s that easy.\u00a0 This is our way of saying “thank you” to all our clients for helping us grow, together.<\/span><\/p>\n For more details on the Referral Program, please visit\u00a0https:\/\/www.yaorealestate.com\/client-referral-program<\/a><\/span><\/p>\n Detailed Real Estate Board Statistics Package<\/a><\/p>\nAlex’s Inner Circle Intel<\/h1>\n
WHAT DOES THIS MEAN TO YOU?<\/h2>\n
DETAILS MATTER<\/h2>\n
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