Lately we have been receiving multiple offers on a number of properties in all price points. This happens when there are more buyers for a property than there are comparable properties to buy. The best thing about multiple offers is that they pretty much guarantee that sellers receive MORE than what the market value of their home should be AND fewer subjects: The Lottery Win.
In multi ...
Over the past 2 weeks I have had 2 people ask me whether we should be posting videos for our properties now that Covid-19 is restricting showings to a certain extent. This is a great question and I assume if 2 people are asking it, 200 are likely wondering! So here is the answer.
I used to do videos for all of my listings...for years.....That was until I attended a course at the annual USA ...
Hi,
I would like to respond to some very valid questions I have received in response to my article earlier regarding how we will handle our business during the Covid-19 crisis.
I personally believe that we would be well served to not only do physical distancing (and quarantine for some of us!) but to have a complete lock down of our country right now (other than essential serv ...
I thought I would provide some information about how Covid-19 is being addressed in our real estate business.
I have just returned from repatriating my children from Nicaragua to Canada and am now in self isolation for 2 weeks. Obviously, concern over the spread of the Covid-19 AND it's impact on absolutely everything is very real and cannot be ignored. While we hope the world continues on ...
Assessed Value vs. Market Value: Don’t Panic-they are NOT the same!
Every year around this time, I receive calls from people asking what their property assessments mean. This year, because most assessments have decreased A LOT, I am receiving even more calls than usual. I am more than happy to discuss particular circumstances (read: talk people off the ledge!) however for the benefit of tho ...
North Vancouver Market Update
The market in North Vancouver has really picked up recently with Deep Cove (areas east of the bridge) being one of the BEST AREAS FOR SELLERS in North Vancouver.
In North Vancouver, everything under $1.25 has been selling right away and 60% of homes from $1.25 to $1.5 have also been selling quickly. We have also seen 44% of homes from $1.5 to $1.75 selli ...
October was a great month (relatively speaking) for real estate. After months of sales below the 10 year average, the last few months have been gradually improving and in October the sales for the region were finally above the 10 year October average. When compared to last October, sales were up over 45% and sales were up 9.8% over the 10 year average. That is a significant improvement.
Sales are up...prices are not...
Over the last few months, we have seen a dramatic improvement in the market. Homes that had been sitting for quite some time suddenly sold; new listings were selling quickly; AND we had 3 homes sell after the first weekend-2 at OVER ASKING and one at FULL PRICE. None of these homes were priced low and all sold at much higher prices than expected. The numbe ...