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Dear Reader,<\/p>\n
Happy New Year!!\u00a0 We hope you had an amazing holiday season.\u00a0 The December 2019 statistics have been released.\u00a0 Selling rate in Metro Vancouver increased from 22% in November to 25% in December.\u00a0 Due to the lower supply, the market has shifted to more of a Seller’s market again.<\/p>\n
Did you know:\u00a0 In 2019, out of the 14,000 Realtors in Greater Vancouver, approximately 10,000 Realtors did NOT even close 1 deal?\u00a0 Know who you choose to represent you.\u00a0 In the currently balanced yet technical market, would you just choose anyone you know to represent the biggest asset you worked your whole life for?\u00a0 Or would you choose someone who is constantly updated in this area of expertise, with trusting clients and reviews, who is consistent in obtaining top dollar for your home in any market condition?<\/em><\/strong><\/p>\n In 2020, we are expecting the market to trend back to a more balanced behavior.\u00a0 Prices wouldn’t shift as much, but if you are thinking of a move, it would be much easier than last year to plan the transition.\u00a0 Are you or anyone you know thinking of Selling or Buying this year?\u00a0 Please reply to this email or call\/text Alex at 604-374-5534 for a brief conversation to discuss options.\u00a0 Knowledge is value.<\/p>\n According to the Real Estate Board:<\/p>\n VANCOUVER, BC \u2013 January 3, 2020 \u2013 The Metro Vancouver* housing market experienced below average sales activity and moderate price declines in 2019.<\/span><\/u><\/p>\n The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a three per cent increase from the 24,619 sales recorded in 2018, and a 29.6 per cent decrease over the 35,993 residential sales in 2017. Last year\u2019s sales total was 20.3 per cent below the region\u2019s 10-year sales average.<\/p>\n \u201cWe didn\u2019t see typical seasonal patterns in 2019. Home buyer demand was quieter in the normally busy spring season and it picked up in the second half of the year,\u201d Ashley Smith, REBGV president said. \u201cIn terms of home values, prices dipped between two and four per cent across the region last year depending on property type.\u201d<\/p>\n \u201cHome buyer confidence was a factor throughout the year. In the first quarter, many prospective buyers were in a holding pattern, waiting to see how prices would react to the mortgage stress test, new taxes, and other policy changes,\u201d Smith said. \u201cConfidence started to return in the summer, and we saw above average sales in the final quarter of 2019.\u201d<\/p>\n Supply and Demand is going to balance this year.\u00a0 We may see slight pick ups and declines over the course of the year, but it should all balance out with a slight increase in the early Spring time.\u00a0 This is the time to make a move if you have been planning on it.\u00a0 Planning is the first step.\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!\u00a0 If you are indeed looking to Sell your home or your investment properties, please contact us ASAP to get a complimentary valuation, so you can be ready as soon as the timing is right.<\/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, 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.\u00a0 Plan early, so you know when to execute for the highest profits.<\/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 This is when an experienced Realtor can make a difference.\u00a0 Buyers are waiting for your home to come up for sale, and you have to make them see it, and want it.\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 Dragged out negotiation processes will hurt you.\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 still 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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