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
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