Pinnacle Group Real Estate Marketing - June 2015 Real Estate Market Update

Hello and welcome to our Pinnacle Group Real Estate Marketing  June 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!

Highlights

The video presentation of our listing at 4515 Belcarra Bay Road in Belcarra, BC is here!  Join Marcus and Andrea as they tour this beautiful home on an absolutely waterfront lot in Belcarra.

For Sale - 3228 Norwood Court, Coquitlam, BC - $899,900

Here's the one you've been waiting for! This quality built home by "Moscone" is ideally located across from the Westwood Plateau Golf & Country Club in a serene private cul-de-sac. This exceptional 3,369 sq. ft. home has been updated from original with designer paint, lighting and carpets. You will love the open concept floor plan with a bright maple kitchen and a cozy great room. Upstairs you'll find 4 large bedrooms and an extra bonus room/den on the main with its very own ensuite. A fabulous fully finished daylight basement offers a delightful 1-bedroom in-law suite complete with its own access and patio area. The low maintenance backyard includes patio areas perfect for those evening BBQ's.

SOLD – 3491 Senkler Rd, Belcarra, BC

Sold in only 9 days on the market!!!

Perched high above Bedwell Bay on a pedestal park like 20,646 sq. ft. lot offering the BEST VIEWS in Belcarra, this stunning property overlooking Deep Cove and Indian Arm includes its own PRIVATE DOCK with DEEP WATER MOORAGE. The 3 three bedroom and loft West Coast Contemporary family home was built ahead of its time, offering extra wide staircase, 9ft ceilings and walkout basement. Renovated and well maintained throughout the years this fabulous home is sparkling clean and move in condition. You will love the cozy, open concept floorplan with vaulted ceilings, floor to ceiling rock gas fireplace, large kitchen featuring a 4 burner Viking stove, custom concrete countertops and Alder cabinetry.

SOLD – 3244 Belcarra Bay Road, Belcarra, BC

Sold on the first open house!!!

Welcome to your Private Natural Oasis just as you enter Belcarra. This beautiful custom Rusboune designed home perched high and tucked away on a serene 24,766 sq. ft. offering spectacular mountain views and manicured gardens. Over $70,000 has been spent on gorgeous Acacia hardwood flooring and a brand new gourmet Maple kitchen.  You will love the elegant open concept floorplan, a large master retreat complete with its own private balcony. The lower level offers an inlaw suite or mortgage helper.  Relax and enjoy the summer evenings on large outdoor patios complete with hot tub. Just steps from Recreation and Parks with hiking trails, Sasamat Lake and the ocean below to enjoy. 

SOLD – 97 Cranberry Court, Coquitlam, BC

Sold in multiple offers.

Welcome to this elegant executive three bedroom + loft family home situated on a large corner lot in August Views, Heritage Mountain's premier cul-de-sac neighborhood! Featuring spectacular panoramic skyline city and peak-a-boo ocean views,, you'll love the spacious open floorplan with finished basement, beautiful hardwood flooring, gourmet kitchen with stainless appliances, gorgeous cabinetry, butler station and large dining room. A spectacular built-in covered sunroom overlooks a perfectly manicured backyard with private hot tub! Upstairs features three oversized bedrooms and a huge luxurious master retreat complete with a cozy ensuite and your own private covered patio.

SOLD - 133 23925 116th Ave, Maple Ridge, BC

First time listed on the market. This immaculate almost like new 3 bed & 4 bath family home is so sparking clean, and tastefully decorated, that it could be featured in Better Home and Gardens Magazine. Located in the popular Cherry Hills gated community and quality built by Scott Charlton Construction. You will love the open concept floor plan featuring a gorgeous kitchen, dining and family room that walks out to a flat manicured backyard over looking a lush greenbelt making it a perfect place for evening barbeques. This fabulous home has been upgraded with beautiful hardwood flooring, extensive crown mouldings, and an energy efficient heat pump.  Upstairs offers a lavish master retreat featuring a spa like ensuite complete with separate tub, oversized shower and walk in closet.  You will appreciate the additional oversized bedrooms and the convenient laundry room upstairs. The lower level offers a finished bathroom and a large rec room awaiting your ideas.  

SOLD - 310 220 Newport Drive, Port Moody, BC

Sold in first weekend at a record-breaking price for the building!!!

One of the most fabulous and spacious condo's on the on the market today in popular Whistler inspired Newport Village. Completely renovated, this stunning home has been updated with outstanding features such as Bosh S/Ssoft closing kitchen cabinet doors, designer paint granite vanity, brand new lighting fixtures, beautiful brushed engineered oak hardwood flooring & gorgeous porcelain tile. You will love the spacious open concept floor plan with built in custom maple shelving, cozy gas fireplace, extra large master bedroom with walk in closet & private patio, a second covered patio off the dining room perfect for those evening BBQ'S & large windows throughout allowing an abundance of natural light.

SOLD - 106 3065 Primrose Lane, Coquitlam, BC

Welcome to this bright & beautiful ground level condo located in the popular Lakeside Terrace featuring a huge covered private patio with convenient separate private street level entry onto Primrose Lane. The open layout floor plan includes 2 large bedrooms separated by a bright spacious living room next to the large open kitchen. You'll love the cozy, corner gas fireplace, large windows, beautiful tile, laminate flooring, and designer touches throughout. This resort style complex comes with a beautiful setting with fountains & pristine landscaping, top-notch amenities such as indoor pool, gym, and sauna/hot tub. Just a short walk to Lafarge Lake, Aquatic Centre & New Evergreen Line

Real Estate Update

VANCOUVER, B.C. – June 2, 2015 – It continues to be a competitive spring market for Metro Vancouver home buyers. This competition continues to put upward pressure on home prices, particularly in the detached home market. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,056 on the Multiple Listing Service® (MLS®) in May 2015. This represents a 23.4 per cent increase compared to the 3,286 sales recorded in May 2014, and a decrease of 2.9 per cent compared to the 4,179 sales in April 2015.

Last month’s sales were 16.7 per cent above the 10-year sales average for the month.

“We continue to see strong competition for homes that are priced right for today’s market,” Darcy McLeod, REBGV president said. “It’s important to remember that real estate is hyper local, particularly in a seller’s market. This means that conditions and prices vary depending on property type, neighbourhood, and other factors."

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,641 in May. This represents a 5 per cent decrease compared to the 5,936 new listings reported in May 2014.

The total number of properties currently listed for sale on the region’s MLS® is 12,336, a 23.2 per cent decline compared to May 2014 and a 0.8 per cent decline compared to April 2015.

“While the supply of homes for sale remains below what’s typical for this time of year, our region continues to offer a diverse selection of housing options at different price points,” McLeod said. “This diversity within the housing stock is part of what’s driving today’s home sale activity.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $684,400. This represents a 9.4 per cent increase compared to May 2014.The sales-to-active-listings ratio in May was 32.9 per cent. This is the highest that this ratio has been in Metro Vancouver since June 2007.

Sales of detached properties in May 2015 reached 1,723, an increase of 18.6 per cent from the 1,453 detached sales recorded in May 2014, and a 42.2 per cent increase from the 1,212 units sold in May 2013. The benchmark price for a detached property in Metro Vancouver increased 14.1 per cent from May 2014 to $1,104,900.

Sales of apartment properties reached 1,600 in May 2015, an increase of 24.4 per cent compared to the 1,286 sales in May 2014, and an increase of 40.8 per cent compared to the 1,136 sales in May 2013. The benchmark price of an apartment property increased 4.6 per cent from May 2014 to $396,900.

Attached property sales in May 2015 totalled 733, an increase of 34 per cent compared to the 547 sales in May 2014, and a 37.3 per cent increase from the 534 attached properties sold in May 2013. The benchmark price of an attached unit increased 6.4 per cent between May 2014 and 2015 to $501,000.

Another Successful "Ladies Night In" Event in 2015

The 5th annual Ladies Night In with Wine, Women & Shoes was another SOLD OUT event! This year the fundraiser was held at Open Road Lexus in Port Moody. We would like to thank everyone that came out to enjoy the festivities this year. This fabulous charity event was held in support of the Eagle Ridge hospital Foundation with funds being raised for the Areola Tattoo Clinic at the hospital. If you weren’t able to attend this year, be sure to look out for the nest “Ladies Night In” event in 2016.    

Radio Real Estate

This month Andrea Jauck of PGREM had the pleasure of co-hosting the Radio Real Estate Show with Tom Lucas and Bill Macklem live in-studio on CISL650 across the Lower MainlandAM650.

Listen to Andrea weekly, on the Radio Real Estate Show with Tom Lucas and Sheri Brown, every Saturday morning from 10:00-11:00am on CISL650 across the Lower Mainland.

Contact

At PGREM, 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.

I look forward to hearing from you!

Andrea Jauck / Pinnacle Group
email: [email protected]
phone: 604-783-3124t