http://www.rew.ca/news/home-sales-rise-37-in-vancouver-s-sellers-market-rebgv-1.1873771?utm_source=Business%20Information%20Group&utm_medium=email&utm_campaign=Consumer-Newsletter-May%208%202015

 

Home Sales Rise 37% in Vancouver's Sellers' Market: REBGV

Total listings plummet nearly 20 per cent as demand heightens, pushing prices up 8.5 per cent in April, reports real estate board

Real estate demand is now far outpacing supply in spring’s hot market, as sales rose 37 per cent and listings fell nearly 20 per cent year over year in April, according to Real Estate Board of Greater Vancouver (REBGV) figures released May 4.

April home sales in Greater Vancouver were also 2.9 per cent above the high figures seen the previous month and 29.3 per cent above the region’s 10-year average.

Prices were also significantly up yet again, with the benchmark price of a Greater Vancouver home rising to $673,000, an 8.5 per cent increase compared with April 2014.

Townhomes continue to be the property type with the highest sales growth, although detached properties outstrip other homes in terms of price increases.

 

Sales and Listings

Greater Vancouver home sales totalled 4,179 in April, a 37 per cent increase compared to the 3,050 sales recorded in April 2014, and a 2.9 per cent increase compared with the 4,060 sales in March 2015.

Last month’s sales were 29.3 per cent above the 10-year sales average for the month.

Broken down by housing type, single-family detached home sales in April reached 1,815, an increase of 35.9 per cent from the 1,336 detached sales in April 2014.

Sales of townhouses and other attached properties rose even more, with the 785 transactions representing an increase of 44.8 per cent compared with the 542 sales in April 2014.

Condo sales totalled 1,579, a 34.7 per cent rise over the 1,172 sales in April 2014, although this was a 2.9 per cent drop over March's figures.

New listings totalled 5,897 in April, a 0.9 per cent decrease compared with the 5,950 new listings in April 2014 and down 1.2 per cent from March 2015.

The total number of listings in April was 12,436, a 19.8 per cent decline compared with April 2014 and a meagre 0.5 per cent increase compared with last month.

Greater Vancouver’s sales-to-active-listings ratio in April was 33.6 per cent. This is the highest that this ratio has been in the region since June 2007.

What's Up, What's Down - At a Glance

	Apr/Mar 15	Apr 15/14
Overall Sales	+2.9%	+37%
- Detached	+6.1%	+35.9%
- Attached	+8.7%	+44.8%
- Apartment	-2.9%	+34.7%
New Listings	-1.2%	-0.9%
Current Listings	+0.5%	-19.8%

 

“The supply of homes for sale today in the region is not meeting the demand we’re seeing from home buyers. This is putting upward pressure on prices, particularly in the detached home market.”

Benchmark Prices (MLS® Home Price Index)

Prices for detached properties in Metro Vancouver continued to see the largest growth, and increased 12.5 per cent compared with April 2014 to $1,078,900.

Townhouse and other attached property prices increased 5.7 per cent between April 2014 and 2015 to $493,300.

The benchmark price of a Greater Vancouver condo continued to rise at a more moderate rate, increasing 4.4 per cent year over year to $394,200.

The composite benchmark prices by housing type are:

Greater Vancouver MLS® Benchmark Prices % Change

	Apr 2015	Apr/Mar 15	Apr 15/14
Detached	$1,078,900	+2.5%	+12.5%
Townhome	$493,300	+1.7%	+5.7%
Apartment	$394,200	+1.0%	+4.4%

Home prices vary widely throughout the REBGV region. To get a good idea of home prices in a specific location, check the detailed MLS Home Price Index in the REBGV full statistics package.

---

• The Real Estate Board of Greater Vancouver covers Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, and South Delta.
• The board covers only homes being resold through the Multiple Listing Service, and does not record sales of newly built homes unless they are listed with the MLS, so the house prices in the Home Price Index don't reflect all of the residential real estate sold in the area.

- See more at: http://www.rew.ca/news/home-sales-rise-37-in-vancouver-s-sellers-market-rebgv-1.1873771?utm_source=Business%20Information%20Group&utm_medium=email&utm_campaign=Consumer-Newsletter-May%208%202015#sthash.pXUzWpWj.dpuf

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TRI CITY/BURNABY TOP SPESIALIST.

``Mr. MIKE -  Real Estate" @

One Percent Realty ltd.

 

As a Full Time REALTOR® and  a member on Greater Vancouver Real Estate Board,  I was involved in over 6.5 million dollars of sales in 2012, 7.5 million dollars of sales in 2013,

 and over 8 million of sales  for now in 2014.

 

_{My clients saved in real estate transactions*}

_{In 2014- $153,100; 2013 - $141,000; 2012 - $85,100.}

_{*based on NOVEMBER 2014  MLS} ® 

 

My name is Mike Skvortsov or  like my clients  call me  "Mr. Mike-Real Estate" @ One Percent realty .  I am a FULL TIME REALTOR®, A MEMBER OF CANADIAN AND BC'S REAL ESTATE ASSOSIASIONS.  

I will tell you about the Magic of One Percent realty. And answer the most popular questions.

First time I heard about this agency in 2003. Even I had been involved  in real estate industry  since 2005, and been a member of Real Estate Action Group of Vancouver's investor since 2009, only in 2010 after have been a client of this fantastic real estate agency and saw how successfully works this idea  and  like insider I made  decision to be a part of One Percent realty.

The Magic of  One Percent realty.

15 YEARS IN THE INDUSTRY. OVER $1.1 BILLION SOLD ACROSS CANADA IN 2013.

The main question which my clients, friends, and even agents from the another companies usually ask me is -

Why is  One Percent realty so successful?

With the help of  the  new  technological advances such as the Internet, cell phones , social media, One Percent Realty was able to reduce the typical real estate office overhead as well as leverage the productivity advances of its agents to create a successful discount commission business model.

So our success is success of our clients when they get Full Service Real Estate agency, at a Fraction of the Cost!

Whereby our agents earn less per house sold they make it up in volume of sales at the end of year. It works great for us, and it works great for our Sellers. We say at One Percent Realty, the more deals we do the more money we are saving our clients!

 

I like this philosophy and as a former client

of One Percent realty can confirm this fact:

it's work perfectly well.

 

So How does it work?

 

You want full service on MLS® from a professional salesperson at a low commission – that's One Percent Realty.

For all homes under $600,000  we provide you full real estate services at a discount commission rate of only $6,900 ( $3,000 of that $6,900 flat fee goes to the real estate agent that represents the Buyer. Another $3,000 - to One Percent realty, and the $900 disbursement portion of the commission pays for the typical costs associated with marketing and selling a property. Those costs include MLS® fees, real estate office conveyancing to handle the office paperwork once you have a sale on the property, and of course an advertising and marketing budget.

Houses over $600,000 are 1% + $900. (0.5% - to each agencies,  and the same  $900 for admin fees ).

 

We have full cooperation with other real estate agents who sell approximately three quarters of our MLS® listing sales.
 

Why Sell Your House Through One Percent Realty?

 $6,900 versus $17,000 - the savings are HUGE!

 

  A $500,000 home can typically cost $17,000 to sell (assuming a 7% commission on the 1st $100,000 and 2.5% on the balance) in British Columbia through a full commission  company.

  Sell it through One Percent Realty, we will charge you $6,900 for this same $500,000 home, with all the services and exposure that you would receive from the traditional higher commission companies. This fee also includes payment to the buyer's agent (usually $3,000). We do open houses, handle the showings, negotiations, and paperwork that you would expect from any full service real estate company.

So selling your $500,000 home with us you can save ($17,000-$6,900=$10,100 ) $10,100 on commissions.

Usually at this moment of my listing presentation, the sellers mostly ask me

"Will Other Agents Show My Home?"

The simple answer is yes. Our MLS® listings are shown, and sold by lots of Cooperating REALTORS®  from full commission agenises all of the time. Logic would dictate that if our system was unable to attract Cooperating REALTORS® to sell our MLS® listings then we would be selling most of our own listings to our own Buyers. In fact, it's quite the opposite. Over 70% of our listing sales are sold by Cooperating REALTORS® representing the Buyer which is in line with industry standards. That is the proof in the pudding that our system works great. 

Why is that. We believe it is two reasons. Firstly, our listings (under $600,000) typically offer $3000 commission to Cooperating Brokers. While $3000 might not be as much as some of other listings, it still is a decent amount of money for a paycheque for Canadians these days including a lot of sales professionals. The more important reason why other agents cooperate and sell our listings is that it is the Buyers who are dictating the shots these days. Please see the 2 minuts video from One Percent realty Founder- Ian Bailey, and call me soon

https://www.youtube.com/watch?v=CXe9S0cVIsM&list=UUqeLrfMVgCItSOqy1t-tb9g

If the Buyer loves the home does the amount of commission matter to  the Buyer.

You Owe it to Yourself & Your Hard Earned Equity. 
 

Spending $12,000-$20,000 or more to sell your home is a lot of money. If you are thinking about selling your home call your regular agent that you used last time, but this time also call me to compare our services and commission rates. Being full service agent, I provide free no obligation market evaluations just like the other guys. Please don't let someone else tell you about our system and how One Percent raelty works, let us tell you exactly what we will do to sell your home. You and your hard earned equity will be glad you did.

 

 

Choosing the REALTOR® with working for, you can always ask about experiance the results.

Due to my 22+ years of management,  real estate sales, customer service experience, I'll sell your property for the best possible price, time, and conditions while saving thousands on commission. This is my goal.

As a Full Time REALTOR® and  a member on Greater Vancouver Real Estate Board,  I was involved in over 6.5 million dollars of sales in 2012, 7.5 million dollars of sales in 2013,

 and over 8 million of sales  for now in 2014.

_{My clients saved in real estate transactions*}

_{In 2014- $153,100; 2013 - $141,000; 2012 - $85,100.}

_{*based on NOVEMBER 2014  MLS} ®   

 

JUST CALL ME OR TEXT NOW

 604-644-6430 TO SET UP

AN APPOINTMENT

 

What you save with One Percent Realty?   

 

Your House	1%	Full commission MLS® Broker*	Savings
$ 200,000	$ 6,900*	$ 9,500	$ 2,600
$ 300,000	$ 6,900*	$ 12,000	$ 5,100
$ 400,000	$ 6,900*	$ 14,500	$ 7,600
$ 500,000	$ 6,900*	$ 17,000	$ 10,100
$ 600,000	$ 6,900*	$ 19,500	$ 12,600
$ 700,000	$ 7,900*	$ 22,000	$ 14,300
$ 800,000	$ 8,900*	$ 24,500	$ 15,600
$ 900,000	$ 9,900*	$ 27,000	$ 17,100
$ 1,000,000	$ 10,900*	$ 29,500	$ 18,600
*compared with a broker charging 7% on the first $100,000 and 2.5% on the balance, not all brokers charge the same.

 

What the Sellers get with Mr. Mike-

Real Estate@ One Percent realty ltd ?

•     Full  Exposure on the MLS® system

•    World Wide Internet Exposure on REALTOR.ca

•    Advertisements on Craigslist.com and Kijiji.ca

•    Ads on http://fullservicelesscommissions.ca/

•    Ads on Onepercentrealry.com

•    Top Producer's results of Full Time REALTOR®

•    Free Local  Market Evaluation

•    Professional Photography and Virtual Tour

•    Responding to Consumer & REALTOR® Inquires

•    Weekly Sales Reports

•    Showing the Property to Prospective Buyers

•    Assisting the Seller in Negotiating

•    Cooperating & Assisting Other Brokerages

•    Assisting in the Completion & Possession process

•    Ads in Newspaper (if applicable)

•    Direct  Advertising

•    Mega Open Houses, lock boxes

•    Signage (if applicable)

•    Full Service Brokerage at a Fraction of the Cost

          Just added  2 new services

•    Advertisements in Social Media

•    Basic Staging

• JUST CALL ME OR TEXT ME NOW

604-644-6430 TO START

SAVING...TODAY.

 

What the Buyers get with Mr. Mike-

Real Estate@ One Percent realty ?

• Access to advanced MLS® on http://fullservicelesscommissions.ca/login.html

• Automatic notification of new coming listings

• Personal showing

• Market analysis

• Price negotiation

• Monthly stats with recommendations for buyers

 

_{My clients saved in real estate transactions*}

_{In 2014- $153,100; 2013 - $141,000; 2012 - $85,100.}

_{*based on NOVEMBER 2014  MLS} ® 

 

You can save thousands buying  or selling your home  when start use my marketing MEGA OPEN HOUSE system.

 

For TESTIMONIAL  please see this link -

 http://fullservicelesscommissions.ca/testimonials.html

Please  see the example of  professionally done Professional Photography -

 http://fullservicelesscommissions.ca/mylistings.html/details-35510263

Please see the example of  professionally done Virtual Tour-

  https://www.youtube.com/watch?v=pyb4OMVl5xw&list=UUqeLrfMVgCItSOqy1t-tb9g

 

CALL MIKE FOR FREE MARKET EVALUATION OF YOUR HOME AND FULL MLS®  SERVICE NOW.

604-644-6430.

mike@onepercentrealty.com

3 EASY WAYS HOW TO GET YOUR HOME EVALYATION ... TODAY

 

 1) BY PHONE  — CALL OR TEXT  MIKE 604-644-6430.

 2) BY EMAIL — SEND YOUR REQUEST TO MIKE@ONEPERCENTREALTY.COM.

 3) ONLINE—GO to

http://fullservicelesscommissions.ca/home-evaluation.html       

_{My clients saved in real estate transactions*}

_{In 2014- $153,100; 2013 - $141,000; 2012 - $85,100.}

_{*based on NOVEMBER 2014  MLS} ® 

 

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