Hello and welcome to our Pinnacle Group Real Estate Marketing November 2015 Newsletter.
As always, thank you for taking the time to read our monthly PGREM update, we hope that it proves to be informative for you!
As always, thank you for taking the time to read our monthly PGREM update, we hope that it proves to be informative for you!
Hilights
Our latest video presentation is for a magnificent Oceanview property at 3905 Bedwell Bay Rd, Belcarra, BC. Offered at $1,288,000, this beautiful home has recently been sold. Please join us on the video tour.
SOLD - 3905 Bedwell Bay Rd, Belcarra, BC
Welcome to your own private paradise with stunning panoramic ocean views overlooking Bedwell Bay in beautiful Belcarra. This pristine gem of a home is situated on a manicured 27,600 sq. ft. double-lot with future building potential. Every inch of this spotless residence has been tastefully updated throughout the years including a new roof, fresh paint, designer flooring, updated kitchen, bathrooms and an addition to the lower level in 2005. The spacious bright open floor plan offers separate living areas including a one bedroom legal suite and a private one bedroom guest room/office. Soak up the sun and take in the spectacular ocean and mountain views all year round from the large nautical themed sunroom. This picturesque escape is just minutes from White Pine Beach, Buntzen Lake, walking and hiking trails, and the many shops at popular Newport Village in Port Moody.
For Sale – 18837 74th Ave, Surrey, BC - $2,988,888
Investment Alert: Gated estate living with future development potential. This gorgeous European built 5 bed and 4 bath 5,160 sq. ft. home is situated on a 2.41 acre manicured lot with fruit trees, substantial landscaping and beautiful mountain views. Featuring a circular driveway, separate three car garage + workshop and a bright one bedroom walkout legal suite. You will love the spacious open concept functional floorplan with generous sized bedrooms and plenty of room for a large family. Over $300,000 has been spent on renovations over the past 5 years, including a new gourmet kitchen, with top of the line stainless appliances and beautiful cabinetry, fresh paint and carpet. Back of lot has been properly cleared with minimal brush and small trees. Located adjacent to West Clayton NCP. Don’t miss this incredible opportunity. Call today!
Land Assembly Potential: Two next-door properties also offered For Sale for a total of 7.5 acres in this prime development neighborhood.
Land Assembly Potential: Two next-door properties also offered For Sale for a total of 7.5 acres in this prime development neighborhood.
For Sale – 18852 74th Ave, Surrey, BC - $2,988,888
Investor Alert: Future development potential with solid built 4bed/4 bath home with over 4,200 sq. ft. offering full basement with suite potential and bonus room upstairs. You will love the large gourmet kitchen, with huge center island and top of the line stainless appliances. Other great features include infloor heating, security system, steam room, wet bar and updated master ensuite with laundry shoot. Spectacular property with manicured landscaping. Additional Bonus: 32 x 30 separate outbuilding. Located adjacent to West Clayton NCP. Don’t miss this incredible opportunity. Call today!
Land Assembly Potential: Two next-door properties also offered For Sale for a total of 7.5 acres in this prime development neighborhood.
Land Assembly Potential: Two next-door properties also offered For Sale for a total of 7.5 acres in this prime development neighborhood.
For Sale – 510 9298 University Crescent, Burnaby, BC - $278,800
Absolutely Stunning! Enjoy the unobstructed breathtaking city views from this fabulous one bedroom & den south/east facing home! You will love the open concept floor plan, featuring gourmet kitchen with granite center island and loads of cupboard space, large living space with over sized windows and huge balcony allows you to take in the surrounding nature and spectacular views while offering privacy. The den/study space makes this the perfect investment opportunity. Located in the vibrant univerCity you can enjoy all the amenities just moments away while you find peace located next to forest and nature. Hurry don't miss this great opportunity!
Real Estate Update
VANCOUVER, B.C. – November 3, 2015 – Home buyers remain active across Metro Vancouver despite a reduced supply of homes for sale.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in *Metro Vancouver reached 3,646 on the Multiple Listing Service® (MLS®) in October 2015. This represents a 19.3 per cent increase compared to the 3,057 sales recorded in October 2014, and a 9 per cent increase compared to the 3,345 sales in September 2015.
Last month’s sales were 36.2 per cent above the 10-year sales average for the month.
“Home sales are more than one-third above what’s typical for this time of year yet the supply of homes for sale is the lowest we’ve seen in five years,” Darcy McLeod, REBGV president said. “This activity has created favourable market conditions for anyone considering selling their home today.”
New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,126 in October. This represents an 8 per cent decline compared to the 4,487 new listings reported in October 2014.
The total number of properties listed for sale on the real estate board’s MLS® is 9,569, a 30 per cent decline compared to October 2014 and an 11.4 per cent decline compared to September 2015.
This is the lowest active listing total in Metro Vancouver since December 2010.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $736,000. This represents a 15.3 per cent increase compared to October 2014.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in *Metro Vancouver reached 3,646 on the Multiple Listing Service® (MLS®) in October 2015. This represents a 19.3 per cent increase compared to the 3,057 sales recorded in October 2014, and a 9 per cent increase compared to the 3,345 sales in September 2015.
Last month’s sales were 36.2 per cent above the 10-year sales average for the month.
“Home sales are more than one-third above what’s typical for this time of year yet the supply of homes for sale is the lowest we’ve seen in five years,” Darcy McLeod, REBGV president said. “This activity has created favourable market conditions for anyone considering selling their home today.”
New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,126 in October. This represents an 8 per cent decline compared to the 4,487 new listings reported in October 2014.
The total number of properties listed for sale on the real estate board’s MLS® is 9,569, a 30 per cent decline compared to October 2014 and an 11.4 per cent decline compared to September 2015.
This is the lowest active listing total in Metro Vancouver since December 2010.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $736,000. This represents a 15.3 per cent increase compared to October 2014.
The sales-to-active-listings ratio in October was 38.1 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio declines below the 12 per cent mark, while home prices often experience upward pressure when it reaches 20 per cent, or higher, in a particular community for a sustained period of time.
Sales of detached properties in October 2015 reached 1,437, an increase of 13.1 per cent fromthe 1,271 detached sales recorded in October 2014, and a 34.7 per cent increase from the 1,067 units sold in October 2013. The benchmark price for a detached property in Metro Vancouver increased 20.1 per cent from October 2014 to $1,197,600.
Sales of apartment properties reached 1,543 in October 2015, an increase of 21.7 per cent compared to the 1,268 sales in October 2014, and an increase of 40.5 per cent compared to the 1,098 sales in October 2013. The benchmark price of an apartment property increased 11.4 per cent from October 2014 to $425,800.
Attached property sales in October 2015 totalled 666, an increase of 28.6 per cent compared to the 518 sales in October 2014, and a 34.3 per cent increase from the 496 attached properties sold in October 2013. The benchmark price of an attached unit increased 9.3 per cent between October 2014 and 2015 to $526,700.
Sales of detached properties in October 2015 reached 1,437, an increase of 13.1 per cent fromthe 1,271 detached sales recorded in October 2014, and a 34.7 per cent increase from the 1,067 units sold in October 2013. The benchmark price for a detached property in Metro Vancouver increased 20.1 per cent from October 2014 to $1,197,600.
Sales of apartment properties reached 1,543 in October 2015, an increase of 21.7 per cent compared to the 1,268 sales in October 2014, and an increase of 40.5 per cent compared to the 1,098 sales in October 2013. The benchmark price of an apartment property increased 11.4 per cent from October 2014 to $425,800.
Attached property sales in October 2015 totalled 666, an increase of 28.6 per cent compared to the 518 sales in October 2014, and a 34.3 per cent increase from the 496 attached properties sold in October 2013. The benchmark price of an attached unit increased 9.3 per cent between October 2014 and 2015 to $526,700.
Radio Real Estate Show
Listen to Andrea Jauck from Pinnacle Group Real Estate Marketing, on the Radio Real Estate Show with Tom Lucas, Saturday mornings from 10:00-11:00am on CISL650 across the Lower Mainland.
Testimonial
Our goal at Pinnacle Group is to provide a higher level of customer service with a results driven approach to real estate. Our client care is a top priority and it is testimonials such a this one that reaffirm our commitment to the amazing people that we have the privilege of working with.
Hi Andrea and Kris,
Kim and myself are greatly appreciative to both of you for assisting us in finding our home in Vancouver where we can thrive as a family.
As first-time home buyers in Vancouver, we are definitely in unfamiliar and somewhat frightening territory, but you put us at ease at once! Thanks for all your patience in answering our questions over the phone and email, and for your expert advice and presence along the way. It is very comforting to know that you are truly looking out for our family's best interest and not simply trying to sell us any house that come along.
Kim & Grace
Hi Andrea and Kris,
Kim and myself are greatly appreciative to both of you for assisting us in finding our home in Vancouver where we can thrive as a family.
As first-time home buyers in Vancouver, we are definitely in unfamiliar and somewhat frightening territory, but you put us at ease at once! Thanks for all your patience in answering our questions over the phone and email, and for your expert advice and presence along the way. It is very comforting to know that you are truly looking out for our family's best interest and not simply trying to sell us any house that come along.
Kim & Grace
Contact
At PGM, our marketing efforts are geared to helping you achieve your real estate buying and selling goals. Whether you're looking to invest, downsize, upsize, or relocate, we can help.
If you, a family member or a friend have any questions or would like to discuss your real estate needs, please do not hesitate to contact me directly.
We look forward to hearing from you!
If you, a family member or a friend have any questions or would like to discuss your real estate needs, please do not hesitate to contact me directly.
We look forward to hearing from you!
