Dan Muzzin
604 813 3795
CA
www.danmuzzin.com
[email protected]
A Fresh Perspective
March 2015
In this issue:
•
•
•
•
market update
selected sales details
preparing to sell your home
great value – Dan’s room-by-room review
market update
The Real Estate Board of Greater Vancouver (REBGV) reported total MLS® residential
property sales of 3,061 units in February, representing a 60% increase from sales in
January, and an increase of 21% compared to February 2014. At 11,898, the total
number of residential property listings at February 28 was about 10% more than at
the end of January, and 11% fewer than at the end of February 2014. At 26%, the
metro MLS® sales-to-active-listings ratio was the highest this ratio has been since
March 2011 and is consistent with strong market conditions throughout the region.
North$Shore$units$sold$as$%$of$ac7ve$lis7ngs$
North Shore home sales in February, at
417 units, were 103% more than the 205
properties sold in January, and 44%
31%$
35%#
higher than the 289 sold in February
30%#
Sellers$
2014. The sales-to-active-listings ratio on
25%#
20%$
Market$↑$
the North Shore soared to 31%, from 18%
20%#
in January, reflecting very high sales for
15%#
Balanced$Market$
this time of year and a normal number of
10%# 13%$
Buyers$$↓$
5%#
properties for sale as at the end of
Market$$
0%#
February. North Shore houses that sold In
F# M# A# M# J# J# A# S# O# N# D# J# F# M# A# M# J# J# A# S# O# N# D# J# F#
February took an average of 11 weeks to
2013#
2014#
2015#
sell, the same as for January’s sales, and
about 8 weeks quicker than the average of 19 weeks it took for houses that sold in
February 2014. At February 28, there were 1,357 North Shore properties listed for sale
(on MLS®) or 21% more than the 1,124 listings at the end of January, and 6% fewer than
the 1,445 units for sale at February 28, 2014. Benchmark prices of houses rose by 12%
in North Vancouver and by 10% in West Vancouver from those in February 2014.
40%#
Dan$Muzzin$$$$$Macdonald$Realty$Ltd.$$$$$danmuzzin.com$$$$$604781373795$
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
February 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 Feb 2013 to Feb 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$
532$
525
525$
497$
492$
312$
350 375$
175
350$
260$
North Shore residential property sales
in February increased by 103% from
January, to levels that are about
49% higher than usual for the month.
175$
124$
147$
Units Sold
95$
76$
79$
0$
110$
Fe
b1
Ap 3
r-1
Ju 3
nAu 13
gO 13
ct
D 13
ec
-1
Fe 3
b1
Ap 4
r-1
Ju 4
nAu 14
gO 14
ct
D 14
ec
-1
Fe 4
b15
Fe
bAp 13
r-1
Ju 3
nAu 13
gO 13
ct
D 13
ec
Fe 13
bAp 14
r-1
Ju 4
nAu 14
gO 14
ct
D 14
ec
Fe 14
b15
Feb 2013 - 76
Feb 2014 - 95 0
Feb 2015 - 124
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$
Although the number of
properties for sale on the North
Shore at the end of February was
21% higher than at January 31,
it was 6% fewer than at the end
of February 2014.
Units For Sale
Feb 2013 - 499
Feb 2014 - 451
525
Feb 2015 - 473
499$
525$
473#
451$
350
350$
175$
175
31$
15$
63$
Chart data obtained from Real Estate Board of Greater Vancouver. 150$
127#
21$
28#
0$
Fe
b
-1
Ap 3
r-1
Ju 3
nAu 13
gO 13
ct
D 13
ec
-1
Fe 3
b1
Ap 4
r-1
Ju 4
nAu 14
gO 14
ct
D 14
ec
-1
Fe 4
b15
Fe
bAp 13
r-1
Ju 3
nAu 13
gO 13
ct
D 13
ec
Fe 13
bAp 14
r-1
Ju 4
nAu 14
gO 14
ct
D 14
ec
Fe 14
b15
0
118#175$
2 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$$$$$Macdonald$Realty$Ltd.$$$$$danmuzzin.com$$$$$6047813.3795$
40%#
Dan$Muzzin$$$$$Macdonald$Realty$Ltd.$$$$$danmuzzin.com$$$$$604781373795$
40%#
36%#
30%#
Sellers#
Market#↑#
#units#sold#as#%#of#ac<ve#lis<ngs#
30%#
24%#
20%#
20%#
14%#
Balanced#Market#
18%#
10%#
10%#
detached#A#48%#
aBached##A#30%#
Buyers##↓#
Market##
2013#
2014#
detached#A#25%#
aBached##A#22%#
7%#
0%#
F# M# A# M# J# J# A# S# O# N# D# J# F# M# A# M# J# J# A# S# O# N# D# J# F#
0%#
24%#
F# M# A# M# J# J# A# S# O# N# D# J# F# M# A# M# J# J# A# S# O# N# D# J# F#
2013#
2015#
2014#
2015#
average # of weeks it took for houses to sell
North%Vancouver%
weeks%
West%Vancouver%
weeks%
Dan Muzzin Macdonald Realty Ltd. danmuzzin.com 604-813-3795
25"
Dan Muzzin Macdonald Realty Ltd. danmuzzin.com 604-813-3795
25"
avg # weeks to sell
(detached houses)
20"
20"
15"
15"
10"
10"
5"
5"
0"
15 9
9
8
10 12 17 11 14 16 11 15 15
F" M" A" M" J"
J" A" S" O" N" D" J"
9
8
7
9
F" M" A" M" J"
2013"
9
9
J" A" S" O" N" D" J"
F"
10 10
9
10 11 14
2014"
Lynn%Valley%
%#%houses%sold%each%month%
20%
921%
13%
20%
10%
2,000%%
75%
1,600%%
60% 2,122%
$000%
1,200%%
45%
800%%
30%
400%%
43%
54%
46%
1,800%%
1,200%%
16%
11%
600%%
4%
0%
0%%
0%%
F% M% A% M% J% J% A% S% O% N% D% J% F% M% A% M% J% J% A% S% O% N% D% J% F%
F% M% A% M% J% J% A% S% O% N% D% J% F% M% A% M% J% J% A% S% O% N% D% J% F%
2013%
2015%
Chart data obtained from Real Estate Board of Greater Vancouver. 15%
2,173% 2,400%%
2,132%
19%
0%
F"
2015"
3,000%%
20%
2014%
J" A" S" O" N" D" J"
2014"
Ambleside%
1,231%
4%
2013%
F" M" A" M" J"
Dan$Muzzin$$$Macdonald$Realty$Ltd.$$$$danmuzzin.com$$$604.813.3795%
%#%houses%for%sale%at%end%of%month%
1,020%
J" A" S" O" N" D" J"
2013"
$000%
%average%selling%price%
30%
F" M" A" M" J"
like to know how sales are doing in your neighbourhood? …call Dan
Dan$Muzzin$$$Macdonald$Realty$Ltd.$$$$danmuzzin.com$$$604.813.3795%
40% 37%
12 17 14 14 18 20 21 24 19 22 21 23 24 16 15 15 16 17 18 19 16 27 19 14 15
2015"
house sales by neighbourhood
50%
0"
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
preparing to sell your home
Thinking of selling your home soon? If so, one of the two key essentials for
obtaining the highest possible selling price is preparing it so well that prospective
buyers can’t wait to make their offers.
Some thoughts for preparing to show your property to buyers…
•
Make them want to come inside.
•
It’s in the entryway that you set the stage for their experience throughout the rest
of the house.
•
The kitchen is the heart of the home, and it’s the most highly valued room by
buyers.
•
The living and family rooms are where your buyers will do most of their living.
•
Next to the kitchen, the bathroom is the room that gets the most scrutiny.
•
Bedrooms are a key part of the home buying experience. Bigger is better.
•
A functional home office space can give your home a competitive advantage.
•
Make the most of the laundry space and basement by brightening them up and
making sure they’re clean and inviting.
Oh, and the other key essential? …pricing the home realistically and strategically.
For more, call Dan at 604-813-3795.
great value – Dan’s room-by-room review
If you’re serious about preparing to sell your home in the next few months, and
being confident of maximizing your sales proceeds, feel free to
contact Dan for a copy of his Room-By-Room Review booklet.
What’s Inside
Dan Muzzin’s Home Seller
!
Room-By-Room Review
It All Starts with Creating Curb Appeal
Page 3
The Entryway Sets the Stage
Page 5
Tips for Every Room In the House
Page 6
Making the Most of Your Kitchen and Dining Room
Page 8
Can Buyers See Themselves Living In the Living Room?
Page 10
Make the Bathroom Sparkle
Page 11
Look at These Big, Beautiful Bedrooms!
Page 12
Create a Clutter-Free and Functional Home office
Page 13
Making the Most Of the Basement/Laundry Spaces
Page 14
!
101 Quick and Easy Tips to Make Your
House Show Like a Model Home
[email protected] !!!
4 This communication is not intended to cause or induce breach of an existing agency agreement
danmuzzin.com