There are some things you should be aware of that matter when bringing your home to market. 

What are they?

Well, Jill says there are 4 things that matter.

Let’s start with the first one: location. 

This is something you cannot change. but it definitely is a destination that buyers are either looking for or not. The neighborhood could be great! But it isn’t something you can change. 

The second point is price. 

How are you pricing your home? It’s crucial to have an attractive price for buyers who are looking. They will probably be looking at more than one place, so by having an attractive price you can attract more buyers to look your way. 

A properly priced property will draw buyers into coming to view the home. 

The third important step is marketing. 

This step is crucial because it will also drive buyers to your home. 

How can you implement marketing into driving buyers to your home? 

This is what we do, we have:  

1. professional photos
2. professional floor plans
3. do sneak peeks 
4. walk-through videos

The more you can get in and do, the more people can see themselves in this home and the greater the chance to put in an offer in the home.  

The final step is the presentation. 

A first impression is everything. 

1. What do people see when they come into your home?
2. What do people smell? Does it smell fresh and clean?
3. How is the home staged?
4. Does the furniture fit the space?

 All of these things talked about bring an emotional pull to the buyer, especially when they are walking through your home. This helps them envision themselves living in this space. 

We will have more on these topics of presentation, price, and marketing in upcoming videos, so stay tuned. 

And if you’d like us to discuss a topic you’re curious about or want more information on, reach out to us! We’re happy to answer any questions you may have.

The Latest 2022 Market Stats by area are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

• Activity Snapshot by Property Type
• Detached Properties Report and Graph
• Condo Report and Graph
• Townhomes Report and Graph
• Benchmark Price Graph
• Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact us to request it and I'll send it to you.

GET THE FULL REPORT

Are you planning to sell your home?

It is very important to price your home correctly when coming to the market.

There are 3 things that we do when getting ready to price the property accurately:

1. We want to know what the comparable solds are in the area

This would mean if you are selling in an apartment or condo-style home, having to know what has been sold recently in your building, block, or neighborhood. 

It is the same process for a house, however wanting to know what recently sold on your street and what was recently sold in your area. 

So how long in advance should I check to see what sold in my area? 

You could go back 3 weeks, 6 months, or maybe even longer, depending on what kind of market we are going through.

2. Know what your competition looks like.

A printout of all the homes that are currently on the market in your neighborhood is a good idea to keep track of this information.  

Why should you know this information? 

With this copy of all the listed properties in your area you’ll be able to see where you are slotted in, in terms of asking price. 

3. Know which market you are in: buyers market, seller's market, or balanced market.

If you have any questions on how to price your home directly, please contact us —we’d love to answer them!

#Vancouver #HomeSellers #HomeInVancouver #VancouverHome #SellersVIPSeries #Remax #BuyvsSell

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and a 25.6 per cent decrease from the 4,344 homes sold in March 2022.

Last month’s sales were 1.5 per cent above the 10-year April sales average.

“So far this spring, we’ve seen home sales ease down from the record-breaking pace of the last year,” Daniel John, REBGV Chair said. “While a small sample size, the return to a more traditional pace of home sales that we’ve experienced over the last two months provides hopeful home buyers more time to make decisions, secure financing and perform other due diligence such as home inspections.”

There were 6,107 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2022. This represents a 23.1 per cent decrease compared to the 7,938 homes listed in April 2021 and an 8.5 per cent decrease compared to March 2022 when 6,673 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,796, a 14.1 per cent decrease compared to April 2021 (10,245) and a 15.3 per cent increase compared to March 2022 (7,628).

“With interest rates climbing and the total inventory of homes for sale inching higher, it’s important to work with your local Realtor to understand how these factors could affect your home buying or selling situation.” John said.

For all property types, the sales-to-active listings ratio for April 2022 is 36.7 per cent. By property type, the ratio is 25.3 per cent for detached homes, 47.1 per cent for townhomes, and 45 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,374,500. This represents an 18.9 per cent increase over April 2021 and a one per cent increase compared to March 2022.

Sales of detached homes in April 2022 reached 962, a 41.9 per cent decrease from the 1,655 detached sales recorded in April 2021. The benchmark price for a detached home is $2,139,200. This represents a 20.8 per cent increase from April 2021 and a one per cent increase compared to March 2022.

Sales of apartment homes reached 1,692 in April 2022, a 26.1 per cent decrease compared to the 2,289 sales in April 2021. The benchmark price of an apartment home is $844,700. This represents a 16 per cent increase from April 2021 and a 1.1 per cent increase compared to March 2022.

Attached home sales in April 2022 totalled 578, a 40 per cent decrease compared to the 964 sales in April 2021. The benchmark price of an attached home is $1,150,500. This represents a 25 per cent increase from April 2021 and a 1.1 per cent increase compared to March 2022.

GET THE FULL REPORT.