![\"\"](\"https:\/\/www.yaorealestate.com\/wp-content\/uploads\/2019\/11\/Oct-2019-360x251.png\")
<\/p>\n<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
Dear customer,<\/p>\n
October 2019 statistics have been released.\u00a0 As we predicted last month, prices have started to pick up in most areas.\u00a0 Homes of quality are selling very quickly.\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 November 4, 2019 \u2013 The Metro Vancouver* housing market is experiencing a fall pickup in home sale activity.\u00a0 The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,858 in October 2019, a 45.4 per cent increase from the 1,966 sales recorded in October 2018, and a 22.5 per cent increase from the 2,333 homes sold in September 2019.\u00a0 Last month\u2019s sales were 9.8 percent above the 10-year October sales average.<\/span><\/u><\/p>\n \u201cHome buyers have more confidence today than we saw in the first half of the year,\u201d says Ashley Smith, REBGV president. \u201cWith prices edging down over the last year and interest rates remaining low, hopeful home buyers are becoming more active this fall.\u201d<\/p>\n <\/p>\n Since September, we have been seeing a stabilization in home prices due to a balance of supply and demand.\u00a0 As you can see, prices have increased in most of the region – the first time in 18 months!\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 new government assistance for first time home buyers, a 5% downpayment assistance is provided for homes up to $600k.\u00a0 Instead of a trickle down demand we saw in the last 5 years that caused the Real Estate boom (Singe detached houses increased in value, causing owners to downsize to condos and driving up the condo market), this growth will be from the bottom up.\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 <\/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 LOCAL EXPERT on your side!<\/p>\n Buyers – <\/strong>Prices are growing meaning competition is there.\u00a0 Opportunities are still available, and you need to make sure you are going in with a realistic mindset by being equipped with a Comparative Market Analysis, and to be more ACTIVE in your search.\u00a0 To successfully purchase a quality home, you’ll need great strategy.\u00a0 Most importantly, you’ll need to ACT QUICK!\u00a0 To be able to do so, you need start off with a solid understanding of the market you’re searching in.\u00a0 If you are looking to buy, please call Alex at 604-374-5534.<\/strong>\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
\n\n