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 ...
Market Update: September 2019
The last couple of years have not been great for sellers of real estate....nor for anyone who works in and around real estate! Government interventions have had a significant impact. In Vancouver we have seen all levels of government take action to slow the market; in the rest of the Province interventions have come from the federal and provincial governme ...
Renting your home? We do Property Management!
...
