Median Sold Price for single family homes in North Vancouver was $1,080,000 in August 2014 compared to August 2013, where the Median Sold Price was $1,045,000. August 2014 was classified as a Seller's Market, with Average Days on Market of 35 Days. August 2013 was classified as a Buyer's Market with Average Days on Market of 114 Days.
Median Sold Price for condo's and townhomes in North Vancouver was $437,500 in August 2014, compared to August 2013, where the Median Sold Price was $424,450. August 2014 was classified as a Balanced Market, with Average Days on Market of 45 Days. August 2013 was classified as a Buyer's Market with Average Days on Market of 100 Days.
Source: Realestate Board of Greater Vancouver MLS Statistics. Retrieved September 2014
Check out the latest recNews from the North Vancouver Recreation and Culture
October is the month for Arts and Culture promoted by the North Van Rec Commission.
"It's fun to create with artistic pursuits and did you also know that it's great for your health? Studies show that participation in arts and culture can improve your well-being and increase your social connectedness."
Source- recNews - North Vancouver Recreation & Culture
After one of the best ever summers we have experienced, now is the time to get your house in order and prepare for the cooler winter months ahead.
Traditionally we have had weather that has allowed us to spend time outside during the month of October. This is a good time to take advantage of the "moderate weather" before the first frost arrives. There are many things you can do to prepare your home for the winter months. I have listed a few you may find helpful.
Walk around your home and look for obvious cracks you may see in your foundation, or where pipes or wires go in and out of your home. Do these areas need caulking and sealing? These repairs are very inexpensive and will help prevent heat escaping from your home. Another advantage to sealing the cracks, will help prevent rain and water entering which may freeze and cause further damage.
When conducting your walk around your house, look at your paint on the siding etc. Is it peeling or blistering? If so, another repair you can do to save money in the long run. If you haven't had your roof checked in the last few years, is moss building up, or do you have any cracked or broken tiles. Employ a licensed, certified roofing company to inspect the roof and make any repairs needing to be done.
Clean your gutters and downspouts, flush with water if you aren't sure the the downspouts are clear. Inspect any joints to see if they need caulking to stop water from leaking.
Are there any garden tools you have been using, that are stacked up against the house? Put them away and keep the outside of your home clear. While a lot of snow is not a tradition in Vancouver, you don't need garden tools etc to be in the way, when shovelling any snow that may fall. Drain garden hoses so they don't freeze and crack during the winter months. Take the time to turn off any outdoor water taps from the inside that may freeze.
Check any outdoor furniture on your patios. Does it need to be cleaned, covered or put away to protect it. Any pots you have on your patios, should be cleaned and if possible and practical, emptied to stop the soil from potentially freezing and cracking the pots.
Windows and doors inside should be inpected to determine if any air is leaking from this source. In most cases you should be able to feel any drafts. Most improvement stores will be able to help you decide what type of weather stripping and caulking will help cut down on these drafts and ultimately save you energy costs.
If your heating system has been shut off all summer, whan was the last time it was serviced by a licensed heating company? Do the filters if you have any , need to be changed? There are some addtiional tips on the websites for BC Hydro and Terasen gas to help you with this matter. When was the last time you changed your batteries in your smoke detectors? Some experts recommend they should be changed yearly.
Just a few tips to help you save energy and be safe and warmer during the winter months.
Median Sold Price for single family homes in North Vancouver was $1,115,400 in July 2014, compared to July 2013, where the Median Sold Price was $1,007,500. July 2014 was classified as a Seller's Market, with Average Days on Market of 37 Days. July 2013 was classified as a Balanced Market, with Average Days on Market of 89 Days.
Median Sold Price for condos and townhomes in North Vancouver was $446,000 in July 2014, compared to July 2013, where the Median Sold Price was $425,000. July 2014 was classified as a Balanced Market, with Average Days on Market of 44 Days. July 2013 was classified as a Buyer's Market, with Average Days on Market of 82 Days.
Source: Realestate Board of Greater Vancouver, MLS Statistics, Retrieved August 2014.
Median Sold Price for single family homes in West Vancouver was $1,997,000 in July 2014, compared to July 2013, where the Median Sold Price was $1,845,000. July 2014 was classified as a Buyer's Market, with Average Days on Market of 66 Days. July 2013 was classified as a Buyer's Market, with Average Days on Market of 134 Days.
Median Sold Price for condo's and townhomes in West Vancouver was $840,000 in July 2014, compared to July 2013, where the Median sold price was $970,000. July 2014 was classified as a Buyer's Market, with Average Days on Market of 105 Days. July 2013 was classified as a Buyer's Market, with Average Days on Market of 84 Days.
Source: Realestate Board of Greater Vancouver MLS Statistics. Retrieved August 2014
Buyer demand increases while home prices edge up
The Greater Vancouver housing market enters the summer season with home buyer activity on the rise.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,406 on the Multiple Listing Service® (MLS®) in June 2014. This represents a 28.9 per cent increase compared to the 2,642 sales recorded in June 2013, and a 3.7 per cent increase compared to the 3,286 sales in May 2014.
Last month’s sales were 0.6 per cent above the 10-year sales average for June of 3,386.
“Competition amongst home buyers today is as strong as it’s been in the region since 2011,” Ray Harris, REBGV president said.
The sales-to-active-listings ratio currently sits at 21.3 per cent in Greater Vancouver, which is the highest this measure has been since June 2011.
“Over the last three years, we’ve seen changes in demand yet home prices at the regional level have remained relative stability,” Harris said. “While these numbers provide high level trends, it’s important to know that changes in prices always vary depending on neighbourhood and property type. Consult your local REALTOR® for information on trends in your area of choice.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $628,200. This represents a 4.4 per cent increase compared to June 2013.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,339 in June. This represents a 9.5 per cent increase compared to the 4,874 new listings in June 2013 and a 10.1 per cent decline from the 5,936 new listings in May. Last month’s new listing count was 2.6 per cent below the region’s 10-year new listing average for the month.
The total number of properties currently listed for sale on the MLS® system in Greater Vancouver is 16,011, a 7.4 per cent decline compared to June 2013 and a 0.4 per cent decrease compared to May 2014.
Sales of detached properties in June 2014 reached 1,462, an increase of 32.7 per cent from the 1,102 detached sales recorded in June 2013, and a 58.7 per cent increase from the 921 units sold in June 2012. The benchmark price for detached properties increased 6.2 per cent from June 2013 to $976,700.
Sales of apartment properties reached 1,308 in June 2014, an increase of 22.5 per cent compared to the 1,068 sales in June 2013, and a 27.5 per cent increase compared to the 1,026 sales in June 2012. The benchmark price of an apartment property increased 2.4 per cent from June 2013 to $378,000.
Attached property sales in June 2014 totalled 636, a 34.7 per cent increase compared to the 472 sales in June 2013, and a 53.3 per cent increase over the 415 attached properties sold in June 2012. The benchmark price of an attached unit increased 3.1 per cent between June 2013 and 2014 to $471,200.
SOURCE: REBGV Stats June 2014
Happy Canada Day on July 1!!
Did you know there are several community events happening across the North Shore this Canada Day Weekend.
The Vagabond Opera-Concert is taking place Friday, June 27 7.30 pm FREE, at the West Vancouver Memorial Library, 1950 Marine Drive, West Vancouver, 604-925-7400.
This Portland-based neo-cabaret ensemble, Vagabond Opera, features singers, cello, sax, clarinet, bass, drums and accordion. Doors open early at 7.00 pm, and refreshments are provided by the Friends of the Library. This concert is presented by North Shore Jazz/Vancouver International Jazz Festival.
There is also Friday Movie night on the Plaza. 9.20 to 10pm FREE. Popcorn and beverages will be available for purchase. This week's movie is Back to the Future, Civic Plaza 120 West 14th Street. 604- 983- 7354 for more information.
On Saturday, June 28, from 10.00 am -2.00 pm, there is an old fashioned carnival, complete with canival games, live music, community engagement and more. Taking place in the Lynn Valley Village, 1277 Lynn Valley Road. 604-987-2050.
The same day, the BC Bike Race is taking place, with Saturday marking day zero, a seven day mountain bike adventure from North Vancouver to Whistler. It's a tour of the BC West Coast, trails, towns and lifestyle. The festivities start with a farmer's market and the kid's race. Registration begins at 10.am and the race begins at 11.00 am. Sunday June 29, 8.00 am the race begins. You can cheer the racers, at the end of Lynn Valley Road, the end of the line cafe, and at the top of Mountain Highway near the water tower. Argyle Secondary School, 1131 Frederick Road.or visit the website bcbikerace.com to register and view more information.
On Tuesday July 1, there is the North Vancouver Canada Day Parade. Pancake Breakfast at 7.30 am, Parade starts at 10.00 am. The Mount Seymour Lions Club will be charging a small fee of $5 for the pancake breakfast from 7.30 am to 9.30 am on Grand Boulevard near 13th Street. You will need to take your own cutlery and plate. The parade starts from this location and proceeds west down 13th Street to Lonsdale, turning north on Lonsdale. At 17th Street, the parade heads west where it will end at Mahon Park. A BBQ lunch will be available to purchase at the Royal Canadian Legion, 123 West 15th Street.
There are additional activities which are family focused , again free of charge, from 12.00 pm to 4.00 pm at Waterfront Park, 200 Block of West Esplanade.
You can also head on down to John Lawson Park from 4.00pm to 10.30 pm to enjoy live entertainment throughout the evening and watch the fireworks show. There will be food vendors on site, if you don't want to take your own food.
Have a FUN FILLED, and SAFE, Canada Day, July 1.!!
Single Family Homes Median sold price was $2,300,000, for May 2014, with an average days on market of 102 days, known as a Balanced Market.
Compared to last year, May 2013, the Median sold price was $2,024,000 for a Single Family Home. The average days on market was 97 days, and was a Buyer's Market.
Condos and Townhomes, the Median sold price was $775,000, for May 2014, with an average days on market of 113 days known as a Buyer's Market.
Compared to last year, May 2013, the Median sold price was $1,145,000 for Condos and Townhomes. The average days on market was 150 days, and was a Buyer's Market.
Sources: REBGV MLS Statistics. Retrieved June 2014.
Every seller wants to sell their home for top dollars, and accomplish this sale in a relatively short time frame.
So how do you make this happen?
Depending on your budget it can be a few days to prepare your home, or it could be as long as a week. It is not luck that sells your home. It is thoughtful, careful planning that will make that one buyer wanting to purchase your home.
Where do you start ?
Firstly you will have to deal with the emotions that come with a decision to sell your home. You will be thinking of all the wonderful and amazing memories that have been made while living there. Once the decision to let go of your home has happened, you can then start to focus on the next chapter in your life, and start to wonder how amazing that will be. You can imagine a new family moving in, and creating their own wonderful memories. Remembering the past is good, but the key is to focus on the future.
Start by packing up your personal "stuff". Buyers can't begin to imagine themselves living in your home, when they can't see past the clutter or all those personal photos displayed throughout your home. You need the buyer to be able to imagine living in "their new home", with their own personal photos up on the walls and surrounded by their own "stuff" Yes we all have it!
Most people collect an amazing amount of "stuff".. If you don't want to pack it away, maybe you have gotten all the use out of it, perhaps consider donating it, so someone else can enjoy it. Once this is done, move into your kitchen and take everything off the counters. Kitchens do sell houses, and your buyer again needs to be able to imagine cooking and eating in your kitchen. So clean up, and store items in cupboards or get rid of it completely. Remember though buyers like to "snoop". Don't just throw everything in a cupboard or a closet. Downsize your stuff and arrange and clean up cupboards and closets.
If you want to take something with you from your home, once it sells such as the chandelier, take it down and replace it before you list your home. This will then save you a lot of potential headaches and trouble. If you have any minor repairs to make, again make them ahead of time, so your house is ready for sale. Replace burnt out light bulbs, and stage your bedrooms. Again this doesn't have to cost a lot, perhaps, just tidying up, and replacing old bedspreads, and decluttering the bedside tables. Don't forget to clean up the bathroom, and get rid of all the empty bottles under the sinks.
These are just a few tips you can do to make your house ready for sale. Once you feel you are ready, ask yourself, does this house welcome me, and imagine what that buyer will think walking into your home for the first time. You absolutely want them to think, this is my home, I don't need to look any further as I have to have this house.
Did you know the Median Sold Price for a single family home in North Vancouver, was $1,010,000, with an average days on market of 52, a seller's market. This compares to last year May 2013, when the Median Sold Price was $935,550 with an average days on market of 57. This was a balanced market.
Condo's and Townhomes, the Median Sold Price is sitting at $470,000, average days on market of 75, a balanced market. Last year, May 2013, the Median Sold Price for Condo's and Townhomes was $480,000 with an average days on market of 90, and a buyer's market.
Source: REBGV MLS Statistics retrieved June 2014.