North Shore Real Estate Update Jan 9 & 10, 2012 - 82 new listings, 18 sales, 7 price reductions & price 1 increase. Fast start to 2012.

It's a great time for us to meet and discuss a good time to list your home for maximum return.

Balanced real estate market prevailed through much of 2011

The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.

The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7 per cent in 2011 to 59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8 per cent increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1 per cent above the ten-year average for annual Multiple Listing Service® (MLS®) property listings in the region.

“It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical norms and sale numbers slightly below,” Rosario Setticasi, REBGV president said.

Residential property sales in Greater Vancouver totalled 1,658 in December 2011, a decrease of 12.7 per cent from the 1,899 sales recorded in December 2010 and a 29.7 per cent decline compared to November 2011 when 2,360 home sales occurred.

More broadly, last month’s residential sales represent a 34.1 per cent decrease over the 2,515 residential sales in December 2009, a 79.4 per cent increase compared to December 2008’s 924 sales, and a 12.6 per cent decrease compared to the 1,897 sales in December 2007.

The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since hitting a peak of $630,921 in June 2011.

“Our market remained in a balanced state for most of the year, although higher levels of demand for detached properties in the region’s largest communities caused prices in certain areas to rise higher than others,” Setticasi said. “For example, the benchmark price of a single-family detached home experienced double-digit increases in nine areas within the region over the last 12 months.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,629 in December 2011. This represents a 4.1 per cent decline compared to the 1,699 units listed in December 2010 and a 49.4 per cent decline compared to November 2011 when 3,222 properties were listed.

Sales of detached properties in December 2011 reached 630, a decrease of 18.1 per cent from the 769...

As of Tuesday evening, the North Shore shows 20 new listings, 2 price reductions and 2 sales. Last year started hot over here, so call me if you want to get your home listed soon.

I would like to wish everyone a happy, healthy, fun, interesting, successful & love filled 2012.

If you are looking to have someone do an outstanding job for you selling your home or condo, and work hard to get you the best price, please contact me.

Things are still happening over this holiday season. 2 new listings, 2 price reductions and 20 sales went through the MLS for the North Shore today. I'll be around over the holidays if you'd like to have a relaxed meeting about your future real estate needs.

Here is a link to the top 10 reasons to own at the beautiful Honua Kai in Maui.

http://www.honuakai.com/promo/

I'm here for 5 nights checking this place out, so if you have any questions, please email or text me.

There were 25 new listings on the North Shore today, as well as 28 sales, 6 price reductions and 1 price increase.

It was a busy day for me as I was honored to take part in the CTV Toy Drive by delivering a truck load of toys that were all purchased with funds given by individual RE/MAX real estate agents from all over the lower mainland. Way to go people. 

It's Dec. 5 & people are still buying & selling. Today the North Shore showed 15 new listings, 9 sales, 5 price reductions & 1 price increase. If you've ever been told you can not raise the price of your home once it has been listed, you have not been given the correct information. I've run into a number of people that have been told just that recently.

I'm always happy to discuss real estate with you to help you see how I can help you now or in the future.

Here's a great article on North & West Vancouver

www.vancouversun.com/business/North+Shore+living+easy/5807487/story.html

Dec. 1 & 2nd showed 24 new listings, 24 sales and 10 price reductions on Vancouvers North Shore. 

It's a great time to discuss your 2012 real estate plans. If you are looking to sell or buy, I'd love to help you get started early to make the process easier on you. 

Phil LeGree uses the latest marketing technology to maximize advertising of your property.  He correctly priced and sold our North Vancouver home for the asking price.  Then, while we were traveling in India for 4 months, Phil enabled our purchasing a house with small acreage in Merritt.  He traveled to Merritt, asked our many questions to the owner and agent, and posted a video tour online for us to see.

Now living in Merritt, we have again turned to Phil who helped us purchase an investment condominium in North Vancouver.  Phil has once again demonstrated his excellent communication abilities, his enthusiastic work ethic, and his savvy in using video technology. 

It is with gratitude that we write this, and give Phil our highest recommendation for his many skill sets.

Illa and Dave

Monday Nov. 28, 2011 shows the North Shore with 12 new listings, 9 sold and 3 price reductions today.

In addition WAY TO GO BC LIONS!

Solid end to this week on the North Shore with Thurs & Fri Nov. 24 & 25 showing 23 new listings, 28 sales & 13 price reductions. I'm happy to spend an hour with you this year to discuss your selling/moving plans for next year.

Tuesday & Wed. Nov. 22 & 23 showed 38 new listings, 39 sales & 17 price reductions on the North Shore. Need a top performing real estate agent to sell your home? I'd be happy to meet with you to discuss your current or future plans.

The north shore started the week with 14 new listings, 18 sales & 9 price reductions for this rainy cold Monday November 21, 2011. Let home for more sales than rain this week.

This has been an active week for the North Shore. Friday Nov. 18 showed another 15 listings, 28 sales & 16 price redcutions. It's clear we're not scared of a few flurries.

Both Grouse Mountain & Cypress Mountain are open now, so have a great weekend everyone!

North & West Vancouver Real Estate Update for Nov. 17, 2011 - 16 new listings, 34 sales & 14 price reductions. People buy & sell EVERY month of the year, so never feel you have missed the market or it is to early or late to get listed. Call me any time to discuss what the best options are for you no matter how far out your moving plans are.

Housing forecast points to market stability in 2012

BCREA 2011 Fourth Quarter Housing Forecast

The British Columbia Real Estate Association (BCREA) released its 2011 Fourth Quarter Housing Forecast earlier this month.

BC Multiple Listing Service® (MLS®) residential sales are forecast to rise 3.2 per cent from 74,640 units in 2010 to 77,000 units this year, increasing a further 3.9 per cent to 80,000 units in 2012.

“Low mortgage interest rates are expected to persist through 2012 keeping affordability on an even keel,” said Cameron Muir, BCREA Chief Economist. “However, headwinds on the economic front will constrain consumer demand over the next year to below the ten-year average of 87,600 units.” A record 106,300 MLS® residential sales were recorded in 2005.

“Moderate consumer demand combined with larger inventories of homes for sale means BC housing markets will experience little upward pressure on home prices through 2012,” added Muir. The average MLS® residential price in the province is estimated to rise 11.8 per cent to $564,600 this year, and is forecast to decline 2.5 per cent to $550,500 in 2012.

Click here to download the full BCREA Housing Forecast.

Another beautiful fall day on the west coast. Tuesday November 11, 2011 shows 36 new listings, 36 sales, 22 price reductions and one price increase today.

RE/MAX Launches True Global Real Estate Listing Site: www.global.remax.com Offers Customized Search of More Than 60 Countries

(Denver, CO) – RE/MAX, LLC, the recognized real estate leader, has launched a new website, www.global.remax.com, the first truly global resource for consumers, with hundreds of thousands of home listings in countries around the world. The site features customized search tools that allow buyers to search for properties in 30 languages, translate currencies and find the latest international real estate news. At launch, the site will contain listings from Brazil, France, Italy, India, Portugal, the United States, Canada, Italy and New Zealand – a total of more than 60 countries and territories around the world. READ FULL STORY!

Click HERE to watch the YouTube Video announcing the new global site!