Dan! Muzzin
604 813 3795
CA
www.danmuzzin.com
[email protected]
A Fresh Perspective
June 2015
In this issue:
•
•
•
•
market update
selected sales details
powerful first impression
great value – prepare yourself
market update
The Real Estate Board of Greater Vancouver (REBGV) reported total MLS® residential
property sales of 4,056 units in May, representing a 3% decrease from sales in April,
and an increase of 23% compared to May 2014. At 12,336, the total number of
residential property listings at May 31 was slightly fewer than at the end of April, and
23% fewer than at the end of May 2014. At 33%, the metro MLS® sales-to-activelistings ratio slipped from 34% in April; although, it remains at levels last seen in mid2007 and reflects very strong market conditions throughout the region.
North$Shore$units$sold$as$%$of$ac8ve$lis8ngs$
North Shore home sales in May, at 469
units, were 1 property sale fewer than the
470 properties sold in April, and 22%
higher than the 384 sold in May 2014.
40%#
The sales-to-active-listings ratio on the
Sellers$
30%#
35%$
North Shore increased slightly to 35%,
21%$
Market$↑$
16%$
from 34% in April, reflecting continued
20%#
Balanced$Market$
high sales for this time of year and 11%
10%#
Buyers$$↓$
fewer-than-normal number of properties
Market$$
0%#
for sale as at the end of May. North Shore
M# J# J# A# S# O# N# D# J# F# M# A# M# J# J# A# S# O# N# D# J# F# M# A# M#
houses that sold In May took an average
2013#
2014#
2015#
of 10 weeks to sell, 2 weeks longer than
for April’s sales, and the same as the average of 10 weeks it took for houses that sold
in May 2014. At May 31, there were 1,328 North Shore properties listed for sale (on
MLS®) or 3% less than the 1,363 listings at the end of April, and 26% fewer than the
1,806 units for sale at May 31, 2014. Benchmark prices of houses rose by 17% in North
Vancouver and by 14% in West Vancouver from those in May 2014.
Dan$Muzzin$$$$$Macdonald$Realty$Ltd.$$$$$danmuzzin.com$$$$$604781373795$
50%#
As prices and market conditions can vary dramatically by neighbourhood, feel free to
call me to better understand how the market is doing where YOU live. For the entire
May 2015 REBGV market report, visit www.danmuzzin.com/news.html.
!
If you find a property you love and you can afford it, you buy it regardless of
market conditions. You will be living in a home you really like and can pay for.!
1575 Marine Drive
West Vancouver BC
Canada V7V 1H9
!
!
The following charts show the inventory of North Shore homes for sale on the last day
of each month from May 2013 to May 2015, and the sales for each month.
North Vancouver!!
!
attached & apartments
detached
Dan Muzzin Macdonald Realty Ltd. danmuzzin.com 604-813-3795
Dan Muzzin Macdonald Realty Ltd. danmuzzin.com 604-813-3795
700
700$
ac.ve$lis.ngs$(at$month$end)$
units$sold$
497$
525
635$
672$
485$
525$
398$
350
350$
254$
175
175$
Units Sold
119$
149$
98$
133$
179$
ay
-1
Ju 3
l-1
Se 3
pN 13
ov
-1
Ja 3
nM 14
ar
M 14
ay
-1
Ju 4
l-1
Se 4
pN 14
ov
-1
Ja 4
nM 15
ar
M 15
ay
-1
5
ay
-1
Ju 3
l-1
Se 3
p
N -13
ov
-1
Ja 3
nM 14
ar
M -14
ay
-1
Ju 4
l-1
Se 4
p
N -14
ov
-1
Ja 4
nM 15
ar
M -15
ay
-1
5
0$
M
M
May 2013 - 119
May 2014 - 145
0
May 2015 - 149
145$
West Vancouver
attached & apartments
detached
Dan Muzzin Macdonald Realty Ltd. danmuzzin.com 604-813-3795
Dan Muzzin Macdonald Realty Ltd. danmuzzin.com 604-813-3795
700
700$
627$
Units For Sale
May 2013 - 627
May 2014 - 554
525
May 2015 - 467
554$
467# 525$
350
350$
175
The number of properties for sale on
the North Shore at the end of May
slipped by 3% from April 30, although
that was 26% fewer than at the end of
May 2014.
187$
182$
27$
24$
98#175$
82$
43#
2!!
ay
-1
Ju 3
l-1
Se 3
pN 13
ov
-1
Ja 3
nM 14
ar
M 14
ay
-1
Ju 4
l-1
Se 4
pN 14
ov
-1
Ja 4
nM 15
ar
M 15
ay
-1
5
ay
-1
Ju 3
l-1
Se 3
p
N -13
ov
-1
Ja 3
nM 14
ar
M -14
ay
-1
Ju 4
l-1
Se 4
p
N -14
ov
-1
Ja 4
nM 15
ar
M -15
ay
-1
5
0$
M
Chart!data!obtained!from!Real!Estate!Board!of!Greater!Vancouver.!
122#
M
71$
0
!
North Shore residential property sales in
May were 1 property sale fewer than in
April! A sales level that is about 21%
higher than usual for the month of May.
danmuzzin.com!!
selected sales details
properties sold, as a % of # of properties for sale at end of the month
West$Vancouver$
North$Vancouver$
Dan$Muzzin$$$$$Macdonald$Realty$Ltd.$$$$$danmuzzin.com$$$$$604781373795$
Dan$Muzzin$$$$$Macdonald$Realty$Ltd.$$$$$danmuzzin.com$$$$$6047813.3795$
50%#
50%#
40%#
40%#
44%$
26%$
Sellers$
Market$↑$
30%#
30%#
0%#
24%$
14%$
20%#
20%#
10%#
#units#sold#as#%#of#ac<ve#lis<ngs#
Balanced$Market$
19%$
Buyers$$↓$
Market$$
10%#
detached#A#59%#
aBached##A#37%#
12%$
detached#A#21%#
aBached##A#35%#
0%#
M# J# J# A# S# O# N# D# J# F# M# A# M# J# J# A# S# O# N# D# J# F# M# A# M#
M# J# J# A# S# O# N# D# J# F# M# A# M# J# J# A# S# O# N# D# J# F# M# A# M#
2013#
2014#
2013#
2015#
2014#
2015#
average # of weeks it took for houses to sell
North%Vancouver%
weeks%
West%Vancouver%
weeks%
Dan Muzzin Macdonald Realty Ltd. danmuzzin.com 604-813-3795
25"
Dan Muzzin Macdonald Realty Ltd. danmuzzin.com 604-813-3795
25"
avg # weeks to sell
(detached houses)
20"
20"
15"
15"
10"
10"
5"
5"
0"
8 10 12 17 11 14 16 11 15 15 9
M" J"
J" A" S" O" N" D" J"
8
7
9
F" M" A" M" J"
2013"
10 10
9
10 11 14
9
J" A" S" O" N" D" J"
9
J" A" S" O" N" D" J"
F" M" A" M" J"
J" A" S" O" N" D" J"
F" M" A" M"
2014"
2015"
Ambleside%
$000%
Dan$Muzzin$$$Macdonald$Realty$Ltd.$$$$danmuzzin.com$$$604.813.3795%
2,000$$
75$
1,600$$
60$
2,629%
2,199$
45$ 1,953$
800$$
21$
34$
400$$
0$
2014$
1,200$$
13$
11$
600$$
0$$
M$ J$ J$ A$ S$ O$ N$ D$ J$ F$ M$ A$ M$ J$ J$ A$ S$ O$ N$ D$ J$ F$ M$ A$ M$
2013$
2015$
Chart!data!obtained!from!Real!Estate!Board!of!Greater!Vancouver.!
15$
1,800$$
17$
0$
0$$
M$ J$ J$ A$ S$ O$ N$ D$ J$ F$ M$ A$ M$ J$ J$ A$ S$ O$ N$ D$ J$ F$ M$ A$ M$
2013$
30$
19$
12$
3,000$$
2,400$$
66$
62$
941$
20$
!
M" J"
2013"
1,172%
26$ 1,200$$
27$
874$
10$
14 18 20 21 24 19 22 21 23 24 16 15 15 16 17 18 19 16 27 19 14 15 13 12 15
$000%
$average$selling$price$
$#$houses$for$sale$at$end$of$month$
$#$houses$sold$each$month$
30$
0"
like to know how sales are doing in your neighbourhood? …call Dan
Lynn%Valley%
40$
8
2015"
Dan$Muzzin$$$Macdonald$Realty$Ltd.$$$$danmuzzin.com$$$604.813.3795%
41$
6
F" M" A" M"
2014"
house sales by neighbourhood
50$
5
3!!
2014$
2015$
danmuzzin.com!!
a Parent’s Guide to Raising Money-Smart kids !!!!!
for
!! a
free copy of this marvelous booklet,
Dan at 604-813-3795 or go to
call
published by the Canadian Institute of Chartered Accountants
danmuzzin.com/resources.html
powerful first impression
Even in a strong sellers’ market, there are strategic matters to attend to when
preparing to sell a home such as pricing, a thoughtful marketing plan and showing
it to buyers. As they say, you only get one chance to make a great first impression.
Here are some home selling hints for creating that powerful first impression with
prospective buyers…
•
Open curtains to allow sunlight in;
this enlarges the room.
•
Air out rooms before a showing.
•
Keep floors vacuumed;
steam-clean carpets so they show
clean and fresh!
•
Have live plants or flower
arrangements around …flowers add
freshness, colour, and help make a
house a home.
•
Spot-clean walls …especially by light
switches and doors.
•
Remove from countertops as many
objects as possible such as toaster,
blender, coffee pot & knife block.
•
Remove items you don’t need from
your closets …buyers like to see
ample storage.
•
Don’t burn incense.
•
Empty clothes hampers.
•
Turn on all lights throughout the
house before showing.
•
Find a temporary home for pets.
•
If it’s a cold day, have a cozy fire
burning; if it’s warm out, try keeping
the indoor temperature comfortable.
•
Open shower curtain to enlarge the
bathroom; replace curtain if needed.
•
Keep lawn in good repair …cut,
fertilize, and edge regularly.
•
Mend fences as needed.
•
Remove any debris cluttering the
yard.
•
Paint as needed …shutters, trim,
entire house, and especially the
front door!
•
Keep cars in garage – put your home
in the spotlight!
•
TAKE OUT THE GARBAGE!
•
Clean appliances, especially the
oven …new burner pans are good!
•
Clean the windows.
•
Fix leaky faucets & running toilets.
•
Clean the light fixtures and put in
bright bulbs.
•
Tighten all doorknobs.
•
Remove or replace worn rugs.
•
•
Keep a set of guest towels on hand
to put out before showing.
Clean out the garage for the look of
more space.
•
Remove grease spots from driveway
and garage floor.
•
Fix any damaged doors or drawers.
great value – prepare yourself
Whether you are thinking of selling your home, purchasing a new home, or both,
chances are you will be most successful if you are well prepared.
This year, throughout the Greater Vancouver region, good properties that are
appropriately priced and market-ready have been selling quickly.
Buyers and sellers, who understand current market conditions and have a plan for
achieving their housing objectives, are enjoying much success. Call Dan, for more.
[email protected]!!
!
4!!
This communication is not intended to cause or induce breach of an existing agency agreement
danmuzzin.com!!