APRIL SHOWERS MAY BRING DOUBTERS...

As April comes to close, the Metro Vancouver Market returns to “historically typical”  numbers. Even with the onpour of rising interest rates, buyers might find optimism in what this means for their buying process. Will higher interest rates mean more time to view properties and submit offers? Or will this only add to the upward pressure in prices?

“With interest rates climbing and…inventory…inching higher each month, it’s important to work with your local Realtor to understand how these factors could affect your home buying or selling situation.” 

- Daniel John, REBGV Chair

According to the REBGV April 2022 Market Report, analysts say that downward pressure on home prices occurs when the number of sales to the number of active listings falls below 12%, and upward pressure is experienced when the amount of properties sold  surpasses 20% of the total market supply.  Currently the average sales-to-active ratio across detached, attached and townhomes sits at 36.7%, indicating upward market pressure. 

While the benchmark price for a detached home in the Greater Vancouver Area is $2,139,200 and $844,700 for condos, the Real Estate Board hopes this interest rate hike will fuel market slows that give way to buyers and  sellers in conducting due diligence in their real estate process.

To read the full report, CLICK HERE!

To find out more about the current market updates, contact me and #MovewithMarce!

APRIL 2022 Metro Vancouver Realty Report

THE CALM BEFORE THE STORM....

“March of 2021 was the highest selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experienced 12 months ago, ...Home buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.” - Daniel John, REBGV Chair

REBGV March 2022 Market welcomes activity much calmer than last spring’s record breaking pace, and the demand from Metro Vancouver home buyers remains high. 

The Real Estate Board of Greater Vancouver or REBGV March 2022 Market Update reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9% decrease from the 5,708 sales recorded in March 2021, and a 26.9% increase from the 3,424 homes sold in the February Market. 

MARCH 2022 Metro Vancouver Realty Report

MARCH 2022 Greater Vancouver Realty Report

MARCH 2022 Fraser Valley Realty Report

"With current strong sales and low inventory, it will take quite some time for BC to get back to a healthy balance market." - BC Real Estate Association (BCREA)

Listings inch up, demand remains steady and price gains continue in the Metro Vancouver Housing Market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,424 in February 2022, an 8.1% decrease from the 3,727 sales recorded in February of last year. But a 49.8%  increase from the 2,285 homes sold in January 2022, says that the Market is just warming up. 

FEBRUARY 2022 Metro Vancouver Realty Report

FEBRUARY 2022 Greater Vancouver Realty Report

FEBRUARY 2022 Fraser Valley Realty Report

As the New Year kicks off so does the market demand. The market speed has lowered since 2021 BUT it is still a Seller's Market. To learn more about taking advantage of the listing AND buying side, keep scrolling!

January 2022 Metro Vancouver Market Video

January 2022 Greater Vancouver Market Video

January 2022 Fraser Valley Market Video

2021 was another year of tremendous change and record breaking growth. With a market speed of 45%, the Metro Vancouver Area has largely transitioned to a Seller's Market. Learn the market speed in your neighbourhood by requesting a full market snapshot below. 

December 2021 Metro Vancouver Market Video

December 2021 Greater Vancouver Market Video

December 2021 Fraser Valley Market Video

Home sellers have become increasingly active in Metro Vancouver’s housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic

Home buyer and seller activity reached unprecedented levels across Metro Vancouver in March.

February 2021 Metro Vancouver Market Video

February 2021 Greater Vancouver Market Video

February 2021 Fraser Valley Market Video

METRO VANCOUVER:

GREATER VANCOUVER:

FRASER VALLEY:

January 2021 Metro Vancouver Market Video

January 2021 Greater Vancouver Market Video

January 2021 Fraser Valley Market Video

October 2020 Metro Vancouver Market Video

October 2020 Greater Vancouver Market Video

October 2020 Fraser Valley Market Video

June 2020 Metro Vancouver Market Video

June 2020 Greater Vancouver Market Video

June 2020 Fraser Valley Market Video

Steady increases in home sale and listing activity continue.

Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6 per cent increase from the 2,077 sales recorded in June 2019, and a 64.5 per cent increase from the 1,485 homes sold in May 2020.

Last month’s sales were 21.9 per cent below the 10-year June sales average.

“REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way,” Colette Gerber, REBGV Chair said “Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place.”

There were 5,787 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2020. This represents a 21.8 per cent increase compared to the 4,751 homes listed in June 2019 and a 57.1 per cent increase compared to May 2020 when 3,684 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,424, a 23.7 per cent decrease compared to June 2019 (14,968) and a 15.1 per cent increase compared to May 2020 (9,927).

Cick Here to download June 2020 Full Real Estate Package

As the new year approaches, plenty of homeowners look for ways to refresh their spaces to keep them feeling interesting and updated.

If you’re preparing to put a place on the market, keeping up with trends is key because unless your prospective buyers are flippers, stagers, or redecorating fiends, nothing can make would-be buyers turn tail faster than some outdated decor.

Check out these once-popular home decor trends that are being shown the door, and find out what’s replacing them in the months ahead.

1. Rose gold loses its luster

Sorry, rose gold. You were lovely, but it’s over. This mauve metallic is out, and straight-up gold and brushed gold are back.

2.Goodbye, granite counters

Granite had a great run in the 1990s and 2000s, but this kitchen staple is being replaced by quartz, which is considered virtually indestructible. So, go ahead, set those hot plates down and don’t worry about a thing. Since granite is porous, it has the potential to trap bacteria if not cared for correctly. Removing that concern is a welcome relief in arguably the busiest room in the house.

3. Sunsetting nautical motifs

You’d think something as classic as navy and white could never go out of style, but when it comes to nautical-themed decor, that ship is sinking. Fast. Even when designing a beach house, experts are putting those sailboats, shells, and starfish out to sea and letting a mix of bold blues blend for a less-is-more aesthetic.

4. Bye-bye, Edison bulbs

Edison bulbs were a bright light on the decor scene from 2015 on, but their popularity is definitely dimming. Is it any wonder? It’s only so long you can stand to look at an exposed bulb. (Sorry, Edison.) Also, the trend was most often incorporated in industrial motifs, which are also on the way out, by the way.

5. See ya later, statement range hoods

Though some boast beautiful detail, many statement range hoods were swallowing up the room. Skinny hoods are on trend and slimming down the look of stovetops.

6. So long, all-white kitchens

All-white kitchens were all the rage. If there’s a room in the home that should appear as clean as can be, it’s definitely the kitchen. But as people spend more and more time in this space, often dubbed “the heart of the home,” they’re longing for a look that’s warmer and more reflective of their personalities. Prepare to see bright, bold kitchens, complete with colorful appliances, to be in vogue for the next few years

7. Questioning the wisdom of word art

Designers suggest homeowners look beyond their walls for inspiration and motivation. If you want your walls to make a statement, decorators suggest the use of wallpaper or hand-painted murals.

8. Barn doors, you’re back out in the cold

There’s no debating it, barn doors had a moment. Adding them to bathrooms or closets brought the rustic charm of the country indoors, no matter your locale. But, as farmhouse-chic style wanes, barn doors are being put out to pasture.

9. Chevron prints are no longer on point

Chevron prints were all the rage for a while there, appearing on everything from clothing to wallpaper. But this pattern has been overdone. Replacing it are geometric shapes and tropical prints.

10. Shiplap gets docked

Wood on the walls peaked for a few years. It’s time to pack up that paneling and move on. As farmhouse decor loses its appeal, it’s no surprise this trend is starting to feel outdated.

I am volunteering as a Mentor Nov. 19, 2018 at Strathcona Elementary School.

Pathways to Education (P2E) aims to enhance educational success and support youth living in the Downtown Eastside and Strathcona communities to graduate from high school and move on to college, university, and employment opportunities. Youth explore, discover, and build upon their interests through fun group activities and mentoring relationships. Youth take part in a variety of empowering activities to enhance their leadership and skills development.

CLICK HERE FOR MORE INFORMATION