Spring Market Trends Report here: Spring Market Update 2014

RICHMOND UPCOMING EVENTS
Richmond Days of Summer Events including:
ADDITIONAL UPCOMING Events for 2014 (Lower Mainland)
As tax time approaches a reminder to all first time buyer; you may have a Tax credit available to you!
You can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2013, if both of the following apply:
Source: http://www.cra-arc.gc.ca/tx/
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VANCOUVER, BC. - February 4, 2014 - The first month of 2014 saw home sale and listing totals outpace historical averages in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,760 on the Multiple Listing Service® (MLS®) in January 2014. This represents a 30.3 per cent increase compared to the 1,351 sales recorded in January 2013, and a 9.9 per cent decline compared to the 1,953 sales in December 2013.
Last month’s sales were 7.2 per cent above the 10-year sales average for the month.
“The Greater Vancouver housing market has been in a balanced market for nearly a year. This has meant steady home sale and listing activity accompanied by stable home prices,” Sandra Wyant, REBGV president said.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,345 in January. This represents a 4.2 per cent increase compared to the 5,128 new listings reported in January 2013.
Last month’s new listing count was 17.7 per cent higher than the region’s 10-year new listing average for the month.
The total number of properties currently listed for sale on the Greater Vancouver MLS® is 12,602, a 4.9 per cent decline compared to January 2013 and a nine per cent increase compared to December 2013.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $606,800. This represents a 3.2 per cent increase compared to January 2013.
With the sales-to-active-listings ratio at 14 per cent, the region remains in balanced market territory.
“If you’re looking to sell your home in a balanced market, it’s critical that your list price is reflective of current market conditions,” Wyant said.
Sales of detached properties in January 2014 reached 728, an increase of 34.3 per cent from the 542 detached sales recorded in January 2013, and a 10.5 per cent increase from the 659 units sold in January 2012. The benchmark price for a detached property in Greater Vancouver increased 3.2 per cent from January 2013 to $929,700.
Sales of apartment properties reached 753 in January 2014, an increase of 30.7 per cent compared to the 576 sales in January 2013, and an increase of 14.6 per cent compared to the 657 sales in January 2012. The benchmark price of an apartment property increased 3.7 per cent from January 2013 to $371,500.
Attached
property sales in January 2014 totalled 279, an increase of 19.7 per cent
compared to the 233 sales in January 2013, and a 6.9 per cent increase from the
261 attached properties sold in January 2012. The benchmark price of an
attached unit increased 1.7 per cent between January 2013 and 2014 to $457,700.
Download the complete stats package by clicking here.
Courtesy of the Real Estate Board of Greater Vancouver

Stand back and view your home as if you were seeing it for the first time. This is the ‘first impression’ stage. Depending on the season you may want to have pots of colourful and attractive flowers to greet buyers; a clean and inviting door mat; new and shiny door handles and/or knockers; a freshly painted door.
Start your pre-pack as soon as possible. You need to decide what you are going to keep, give away,
sell or
throw away/recycle. Many clients will rent storage lockers or have pods delivered so they can start to clear out what is not going to make the house look good.
You would think this one is common sense but let me assure you, I wish it was so! A clean home translates into ‘They must have really cared for their home.” Use environmentally friendly cleaners where you can, for hard cleaning areas tsp is a good product. Bathrooms and kitchens must be sparkling clean at the very least.
We know you love your family photos and your personal treasures and for living they are perfect. For selling
pack them up carefully so you can showcase them in your new home. For selling you want buyers to focus on the best features of your home and not your personal things or collections.
Choose only 3 colours or less to paint your house for selling. If you have an open floor plan then paint the main floor all the same colour. Bedrooms look good in light sage greens or warm blues like the new aqua.

Place your furniture in each room so that you have very obvious focal points that show off the home’s best selling features. For example, if you have a beautiful fireplace then place the furniture in a parallel grouping so that the eye is drawn to the fireplace.
7. Decide on the function in each roomIf you were using your guest bedroom as your den for living, for selling turn it back into a bedroom with bedroom furniture in it. If you do not have the right furniture for each room consider renting it. There are more and more rental furnishing companies opening up every day. If you don’t want to rent then borrow.
Spend money on new light fixtures in brushed nickel or stainless steel. Brass is out so don’t fight it. There are many low-cost lighting stores to select from so no excuses for having dated light fixtures.
The most popular on the market are the 2” faux woods in a white tone to go with your trim. Decorative side panels will do the trick if you need to add warmth and colour.

Tile or linoleum is great for entranceways, bathrooms, kitchens, laundry rooms; a good quality laminate or hardwood is perfect for living rooms and family rooms; bedrooms are attractive in a neutral carpet.
By planning and budgeting you can get yourself to the “OPEN HOUSE READY” stage.
Remember that over 79% of prospective buyers have already checked you out through the MLS listings. Will they like what they see?
Happy Selling!
Courtesy of http://www.remax-western.ca

Come visit me at our sales centre and learn more about The Pier at London Landing!

The Pier at London Landing: A unique waterfront development on the South shore of the Fraser river. Two buildings house 76 unique centerpiece homes featuring open concept floor plans, spacious living areas, entertainment style kitchens/ dining areas, and many enjoy double garages and direct-access, semi-private elevators. Marvel at the spectacular river, farmland and mountain vistas from generous terraces and balconies with BBQ hook-ups and year-round climate comfort indoors thanks to centralized air conditioning and heating (Geo-exchange). Discovery Centre open 1pm-5pm Mon-Fri & 12pm-4pm Sat-Sun at 12235 No 1 Rd.
Please come with any questions you may have. As always please do not hesitate to give me a call at 604.644.1044.
Alisa Sakamoto
RE/MAX Westcoast


