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Dear Reader,<\/p>\n
First of all, Happy Holidays!!\u00a0 We are nearing the end of the year, as the November 2019 statistics have been released.\u00a0 Demand activity is back to normal, but supply is still low.\u00a0 Those clients that have been speaking to us over the last year and a half knows, that in a declining market, moving UP makes the most financial sense.\u00a0 And now, in this month’s Statistics Package, you will see we are almost at the tail end of it, where detached houses and townhomes are starting to pick up more than the condominiums.\u00a0 Again, this is the predicted “move-up” market due to the shift of demand.<\/p>\n
According to the Real Estate Board:<\/p>\n
VANCOUVER, BC \u2013 December 3, 2019 \u2013 After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver*.<\/span><\/u><\/p>\n The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase from the 1,608 sales recorded in November 2018, and a 12.6 per cent decline from the 2,858 homes sold in October 2019. Last month\u2019s sales were four per cent above the 10-year November sales average. \u201cWe started to see more home buyer confidence in the summer and this trend continues today,\u201d says Ashley Smith, REBGV president. \u201cIt\u2019ll be important to watch home listing levels over the next few months to see if supply can stay in line with home buyer demand.\u201d<\/p>\n \u201cIn today\u2019s market, the intensity of home buyer demand depends on neighbourhood, property type, and price point,\u201d Smith said. \u201cTo better understand the changing trends in your neighbourhood and property type of choice, it\u2019s important to work with your local REALTOR\u00ae.\u201d<\/p>\n Demand activity is back to normal, but supply is still low.\u00a0 The clients that have been speaking to us over the last year and a half knows, that in a declining market, moving UP makes the most financial sense.\u00a0 And now, in this month’s Statistics Package, you will see we are almost at the tail end of it, where detached houses and townhomes are starting to pick up more than the condominiums.\u00a0 Again, this is the predicted “move-up” market due to the shift of demand.\u00a0 In this next year, we should be seeing a slight fluctuation of prices, but we do not foresee a strong uprise in prices anytime soon.\u00a0 This is the time to make a move if you have been planning on it.\u00a0 Whether up or down, we are in more of a stable market now.\u00a0 Time to make some decisions with your family and let us help!<\/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 provide value to our clients.\u00a0 Please do feel free to call<\/strong> Alex at 604-374-5534<\/strong> to discuss in more detail with regards to your specific areas.<\/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, we are in an ideal market 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 Sellers –<\/strong> Demand is there, however we are still seeing a vast amount of expired listings.\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<\/strong> on your side!<\/p>\n Buyers – <\/strong>You now have competition.\u00a0 Don’t waste time negotiating too much.\u00a0 Do your homework, talk to your realtor, and understand where the market value is.\u00a0 Worst thing to do right now is to “stay on the fence”.\u00a0 Get off the fence, whichever side you decide to get off on.\u00a0 You don’t need to overpay, but be sure you are READY and DECISIVE.\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 If you are looking to buy, please call Alex at 604-374-5534.<\/strong>\u00a0 We would be privileged to assist if you are in need of expertise.<\/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 <\/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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