Vancouver Real Estate board overall
Single family houses sales for May totalled 1220 with the average sale price of $1,169,149. This 3% increase in number of sales and 8% increase in average price over last year same time period (May). Townhouse sales for May totalled 534 with an average sale price of $574,881. This is a 3% increase in the number of sales and an increase of 4% in average price over the same time period last year (May).
Condominiums May sales totalled 1136 with the average sale price of $448,768. This a 1% decrease in number of sales and 2% decrease in average price over the same time period last year (May).
Total of all types for May was 2890 sales with an average sale price of $776,176. This is a 1% increase in number of sales and 6% increase in average price over May last year.
The Vancouver Real Estate Board sales volume year to date is down by 12% year to date and year to date average sales price is basically unchanged. The number of active listings is 3% lower this May compared to last May. It would appear that prices have stabilized in both single family and townhouses while condos are still experiencing some decrease in pricing.
Local Maple Ridge
Single family home sales in April totalled 101 with the average sale price of $477,882. This a 17% decrease in number of sales and average price decrease of 7% compared to May last year. Townhouse sales in May totalled 24 with an average sale price $299,916. This is a 36% decrease in the number of townhouse sales and average price has basically remained unchanged from last May. Condominium sales in May totalled 18 with the average sale price of $185,147. This is an 5% increase in number of sales and average price increase of 2% over last May.
Total of all types of sales for May was 143 with an average sale price of $411,166. This is a 19% decrease in number of sales and a 6% decrease in average price over last May.
Spring activity appears to have stabilized our market with a market that is balanced for Buyers and Sellers. The election in May caused a minor slowdown in the market which is typical when we have an election at the federal, provincial or even local level.
The number of properties on the market in Maple Ridge for May is 1007 which is 2% less than last May.
Video update from Greater Vancouver Real Estate Board President
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Moving can be an exciting life change; however, it can also be a very stressful event if you're not properly prepared.
It's important to create a detailed checklist a few months ahead of time in order to ensure things go smoothly. Here are some points to get you started:
Two Months Before
One Month Before
A Few Weeks Before
The Final Week
Day of the Move
Moving causes a wide range of emotions from sadness to extreme excitement. Although moving can be stressful at times, a little bit of planning will provide you with some very valuable peace of mind. With the help of the above checklist, you can now breathe a sigh of relief and enjoy this exciting new phase of your life!
Before you put your home on the market, you'll need to take care of the various repairs you've been putting off as buyers factor these fix-ups into the purchase price and often overestimate the costs involved. They may also believe that other areas of the home have been neglected which can raise unnecessary red flags. Here are some repair jobs that are well worth doing:
Buying a home is an emotional experience so it's very important to create an incredible first impression that'll make buyers want to own your home the moment they set foot in it. You want your home to appear well looked after so take care of the jobs that seem minor like a small rip or stain on your carpet. Taking the time to do repairs to a home you'll soon be moving out of may seem like a hassle now, but it'll be well worth it in the end.
The Internet has changed the way many of us live our lives, and the process of buying a home is no exception. Buyers previously had to visit a real estate office and thumb through a large book of homes to find out what’s on the market. These days, everything's instantly updated online.
Purchasers have fun at first plugging in home preferences and browsing through a variety of homes. It soon gets pretty frustrating though as subsequent searches force you to sift through homes you’ve already looked at just to discover the latest ones that have hit the market. By the time you finally find your perfect home online, it could be too late.
Some agents now offer a service that emails you properties which match your criteria so you won’t miss out on your dream home. Although there’s no obligation, it’s best to stick with one agent in order to build a strong relationship so they'll be better able to understand your needs. Dealing with more than one agent is unnecessary and causes confusion as agents have access to all the same homes.
It’s important to get acquainted with the market so you’ll be confident enough to move quickly when your dream home finally comes along. You’ll want to provide your agent with a detailed list of criteria that clearly specifies your needs and wants -- for example:
It’s important to establish a strong line of communication with your agent so they’ll be in tune with your likes and dislikes. Be sure to provide feedback when you receive property updates as it'll help your agent better understand your preferences. It’s a gut wrenching feeling to miss out on a dream home due to miscommunication so make sure you're on the same page.
Finding the perfect home isn't always easy but the right system and clear communication will make it much more enjoyable! If you know of someone who's house hunting, have them drop me a line so I can send them full updates of homes that match their criteria as soon as they hit the market! Instead of playing the frustrating game of telephone tag, they'll be able to sit back and enjoy the process.