1st Quarter 2016 Newsletter

We know you are going to find this newsletter’s market update interesting especially as we continue to hear stories in the news speculating “where will this end”!

 

We all know that the market continues to be very active, even if we look at our own street’s activity, homes are listed and continue to sell very quickly – sometimes still over ask! But that’s not just here on the North Shore, areas offering more affordability are also seeing an increase in activity as people are willing to seek their best options in order to buy a home.

 

Let’s look at the benchmark* prices of detached and condo homes on the North Shore since we last updated you from December 31, 2015.                                                              

                                                        

 

 

DETACHED

CONDO

West Vancouver

January

$2,659,000

$766,600

 

February

$2,710,500

$761,600

 

March

$2,799,900

$822,000

 

 

 

 

North Vancouver

January

$1,351,900

$395,300

 

February

$1,382,000

$399,000

 

March

$1,422,900

$403,200

 *A typical property within each area

 

As we promised, our newsletter is being sent to you every quarter, however, if you are interested in looking at monthly data on an ongoing basis, we have added this information to our website – www.whyte-wood.ca. You can access the monthly Real Estate Board Stats under the Current Market tab. In addition, under the BLOG tab, our quarterly newsletters will be posted as well as current articles of real estate interest. For instance, you will see an article on the Housing Demand Forecast for 2017, the article on the $30 million Whistler Art Museum and from the Vancouver Sun on March 19th an article regarding flipping of homes which elicited an immediate response from the President of the Real Estate Board in order to direct the facts in a more accurate direction – which is also there for you to read!. A one-stop shop on what’s going on in Real Estate.

 

Also, our website now enables searching for listings in a far more convenient manner. The search bar is in the middle of the picture and requires only an area to be selected and all homes currently listed on MLS will be displayed. If you want to define your search even more, you can also select bedrooms & bathrooms desired and the search will provide you with all those listings available. Much, much easier than doing a search through Realtorlink – once again, a one-stop shop! A great way to reference the list price of homes in your neighbourhood! Give us a call if you find anything that interests you to view.

 

And, also for your convenience, have a look under the LINKS tab on our website where we have provided you with a convenient recommended Concierge List of Home Services which we have either used ourselves or which have come highly recommended by our clients. If you have had exceptional service from a company that you would like to share and recommend for our website, please let us know. We love to promote good work!

 

As always, I hope you find this newsletter of interest in your ongoing knowledge of the real estate market. Should you like a personal update on the value of your own home, please give us a call as we would be pleased to go to work on your behalf!

 

All the best, and Happy Spring!!