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Dear Reader,<\/p>\n
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First of all, hope you and your loved ones are staying safe and healthy.<\/p>\n
March 2020 statistics have been released.\u00a0 Selling rate in Metro Vancouver increased from 17% in January\u00a0to 22% in February to 26% in March.\u00a0 The number for March should have been much higher, but the reduction of approximately 33% of sales volume for the second half of March due to the COVID-19 Pandemic has pushed down the eventual growth.<\/p>\n
Supply dropped again, pushing up the activity and price.\u00a0 Since mid-march, the real estate market went upside down.\u00a0 The Selling window is rapidly closing.\u00a0 Currently we are still seeing fair activity for around market value for sales.\u00a0 So if you are looking to sell, DO NOT WAIT!\u00a0 Soon, we predict it will quickly move into a “Desperation Sale” market as people run out of liquidity to maintain themselves and family.\u00a0 That’s when “cash is king” and the best opportunity for Buyers are.\u00a0 We are always available via phone or email if you would like to discuss your options.<\/p>\n
Are you or anyone you know thinking of Selling, Buying, or Both 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.\u00a0<\/strong><\/p>\n According to the Real Estate Board:<\/strong><\/em><\/p>\n VANCOUVER, BC \u2013 April 2, 2020 \u2013 Metro Vancouver\u2019s* housing market saw steady home buyer demand to begin March and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.<\/p>\n The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,524 in March 2020, a 46.1 per cent increase from the 1,727 sales recorded in March 2019, and a 17.4 per cent increase from the 2,150 homes sold in February 2020.<\/p>\n Last month\u2019s sales were 19.9 per cent below the 10-year March sales average.<\/p>\n \u201cThe first two weeks of the month were the busiest days of the year for our region with heightened demand and multiple offers becoming more common,\u201d Ashley Smith, REBGV president said, \u201cLike other aspects of our lives, this changed as concerns over the COVID-19 situation in our province grew.\u201d<\/p>\n Daily residential sales on the region\u2019s MLS\u00ae were 138 on average in the first ten business days of the month. In the final ten business days of the month, the daily average declined to 93 sales.<\/p>\n \u201cMany of the sales recorded in March were in process before the provincial government declared a state of emergency. We\u2019ll need more time to pass to fully understand the impact that the pandemic is having on the housing market,\u201d Smith said. \u201cIn recent weeks, REALTORS\u00ae have been working to help and guide their clients through this uncertain period. Many people have understandably chosen to put their home buying or selling plans on hold for now. Other people have more urgent housing needs and we\u2019re trying to work with them to address these needs in the safest and most responsible way possible.\u201d<\/span><\/u><\/p>\n Supply dropped again, pushing up the activity and price.\u00a0 Since mid-march, the real estate market went upside down.\u00a0 The Selling window is rapidly closing.\u00a0 Currently we are still seeing fair activity for around market value for sales.\u00a0 So if you are looking to sell, DO NOT WAIT!\u00a0 Soon, we predict it will quickly move into a “Desperation Sale” market as people run out of liquidity to maintain themselves and family.\u00a0 That’s when “cash is king” and the best opportunity for Buyers are.\u00a0\u00a0We are always available via phone or email if you would like to discuss your options.<\/p>\n Shortly, as we settle into the unfortunate “Desperation Sale” market, Buyers are equipped with low interest rates, backing of government funded programs, facing a low priced market.\u00a0 And as soon as the Pandemic is over (and it WILL be over sooner or later), with a government stimulus package that will undoubtedly occur to speed up the recovery of the economy, plus the release of the pent up pressure from the halt of the current trend of market growth trajectory, facing another rapidly growing market may not be out of question.<\/p>\n So what does this mean?\u00a0 If you are looking for some advice, CALL US ASAP.\u00a0 We are happy to walk through your options with you.<\/p>\n As usual, we are 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 one of the tools 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>\u00a0If you are looking to sell in the next few months, speed up the process.\u00a0 Call Alex NOW.\u00a0 Your window is quickly closing.\u00a0 We don’t know how long this will last.\u00a0 A dime in the pocket is better than a dollar in the bush.\u00a0\u00a0If 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>If you are looking to purchase a property, your time is coming.\u00a0 This may be one of the best times in the next decade to get into the market, whether it’s for a home or an investment property.\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 <\/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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