Pinnacle Group Real Estate Marketing - September 2015 Real Estate Market Update
Hello and welcome to our Pinnacle Group Real Estate Marketing September 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!
Our video presentations for the $3.98 million 3451 Senkler Road, Belcarra, BC and the $6.98 million Still Waters Estate in Anmore, BC are here! Join us on a video tour of these magnificent properties.
Woodhaven - 3451 Senkler Road, Belcarra, BC - For Sale - $3,988,000
Welcome to the "Woodhaven" a spectacular Daryl Evans and J Norris Construction west coast waterfront masterpiece perched high on the banks of Bedwell Bay. Featuring a private dock with deep-water moorage and your own old growth cedar forest framing breathtaking blue water ocean views. Offered as a completed redeveloped project and priced accordingly, this 3,300 sq. home is set to be finished to the ultra luxurious standard inspired by the $600 sq. ft. Paggio Residence at Roberts Creek. $700,000 has already been spent to date undertaking this substantial project with extreme attention to detail and thought. Some special features include a complete re-design by master architect Sue Webster, a state of the art drainage system, top of the line commercial grade mechanical systems, Loewen wood window package, sophisticated VTF septic system, finishing materials such as Indiana limestone, porcelain, hardwood flooring, quartzite, Napoli tub, Hansgrohe faucets to name a few. Call today for your private viewing.
Still Waters Estate, Anmore, BC - For Sale - $6,988,000
Welcome to the incomparable Still Waters Estate in picturesque Anmore, BC. An extraordinary resort-style 1.3-acre private luxury sanctuary, Still Waters is a stunning estate residence set in a spectacularly serene natural setting within the very heart of Vancouver, BC. An oasis of lush verdant landscaping harmoniously embraces the romantic beauty of the estates own private lake with cascading waterfalls, vertiginous fountains and majestic bridges. A place of enchantment and wonder, Still Waters is a remarkable luxury haven within the city that suspends the boundaries of ordinary life. It is a place to rest, relax and indulge in life’s true pleasures of peace and harmony with resplendent living. Generous in scale and intimate in comfort, this is an estate designed foremost as a home: inviting, warm, private and spectacularly beautiful. A sanctuary of comfort and privacy combined with remarkable liveability. Call today to enquire about this spectacular luxury residence.
SOLD - 3228 Norwood Court, Coquitlam, BC
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 – 1388 Rhine Close, Port Coquitlam, BC
Welcome to this beautiful 4bedroom family home situated on a large 6124 sq. ft. lot in a quiet cul de sac in the popular Riverwood neighbourhood. This lovingly cared for home is in immaculate move right in condition. You will love the open concept floorplan featuring an elegant 18 ft. great room, large dining area, beautiful laminate flooring and generous bedrooms upstairs. The gourmet kitchen is sure to impress overlooking the spacious family room with cozy fireplace all leading out to your fabulous patio and large backyard perfect for the evening summer BBQ's Bonus lane access to park your RV or Boat, storage shed, air conditioning and much much more!
Real Estate Update
VANCOUVER, B.C. – September 2, 2015 – Metro Vancouver home buyers spent the summer months searching for their next home. Between June and August, home sales were between 25 and 30 per cent above the ten-year sales average.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,362 on the Multiple Listing Service® (MLS®) in August 2015. This represents a 21.3 per cent increase compared to the 2,771 sales recorded in August 2014, and a
decrease of 15.5 per cent compared to the 3,978 sales in July 2015.
Last month’s sales were 27.9 per cent above the 10-year sales average for the month.
“There was no summer lull in our market this year. Home buyers have been working with their REALTORS® throughout the summer months,” Darcy McLeod, REBGV president said. “They’re motivated, but they’re competing for a smaller supply of homes for sale than is typical for this time of year — that’s the dynamic driving our market right now.”
New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,281 in August. This represents an 8.7 per cent increase compared to the 3,940 new listings reported in August 2014.
The total number of properties currently listed for sale on the region’s MLS® is 10,897, a 26.2 per cent decline compared to August 2014 and a 5.3 per cent decline compared to July 2015.
“Those who have a sound buying strategy and an understanding of current price trends are having the most success in today’s market,” McLeod said.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $708,500. This represents a 12 per cent increase compared to August 2014.
The sales-to-active-listings ratio in August was 30.9 per cent. This is the sixth consecutive month that this ratio has been above 30 per cent in Metro Vancouver.
Sales of detached properties in August 2015 reached 1,290, an increase of 11.4 per cent from the 1,158 detached sales recorded in August 2014, and a 22.6 per cent increase from the 1,052 units sold in August 2013. The benchmark price for a detached property in Metro Vancouver increased 17.5 per cent from August 2014 to $1,159,600.
Sales of apartment properties reached 1,494 in August 2015, an increase of 32.7 per cent compared to the 1,126 sales in August 2014, and an increase of 46.8 per cent compared to the 1,018 sales in August 2013. The benchmark price of an apartment property increased 6.3 per cent from August 2014 to $405,400.
Attached property sales in August 2015 totalled 578, an increase of 18.7 per cent compared to the 487 sales in August 2014, and a 30.2 per cent increase from the 444 attached properties sold in August 2013. The benchmark price of an attached unit increased 7.3 per cent between August 2014 and 2015 to $511,500.
Eagle Ridge Hospital Foundation - Evening of Caring Gala 2015
Please join us at this Saturday, September 26, 2015 at 5:30pm for the Evening of Caring Gala at the Theatre at the Hard Rock Casino Vancouver. Andrea will be there fundraising in support of the the Eagle Ridge Hospital foundation. This Tri-Cities’ premier fundraising event will feature Fund-A-Need Campaign in support new equipment for the Hospitals growing Emergency Department.
Purchase your tickets by: Clicking Here
Date: Saturday, September 26, 2015
Place: The Theatre at the Hard Rock Casino Vancouver
Tickets: $175 each or $1,350 for a Table of 8
Radio Real Estate
Andrea Jauck of PGREM recently had the pleasure of co-hosting the Radio Real Estate Show with Tom Lucas and Bill Macklem live in-studio on the CISL650 radio network.
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.
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.
"All can say is WOW! Andrea, Kris and the PGREM team made our vision a reality. Our story is amazing. We met Andrea at an open house she was showing and to our surprise, shortly after, we received an email from Andrea with a new listing of a home that matched our criteria but there were no pictures available yet. Coincidentally we were driving in that area so we made a detour and when we pulled up to the house on the listing we were blown away and knew this spectacular home was going to be ours. We contacted Andrea and she showed us the home and told us the neighbourhood was up and coming and it would be a great investment. Andrea used her negotiating skills and worked very hard for us in a stressful situation to secure us a price under market value. We have lived in our new home for one year now and recently had it assessed and its value has increased by over $300,000!! Our home is beautiful and we are extremely happy and we have Andrea and her team to thank.
Now that we had secured our new home we had another challenge for Andrea and her team and this is where we really saw her team shine and fly into action. Most impressively the photos Kris captured of our little rancher were stunning and I knew this would set our listing apart from other homes on the market and make it more desirable. The team made our home look like it was out of a magazine. Andrea and Kris were so professional and went above and beyond to help us with staging advice and one of them was always at our home for every single showing, which made all the difference. In the end we were able to get the highest price in the neighbourhood for our home compared to similar homes sold in the area and Andrea was also able to make the possession dates work for us as well.
Hands down Andrea, Kris and the PGREM team are the best in the industry and stand out from the rest. If you are looking for professional, knowledgeable, hard working, classy and above all, friendly realtors to market your home for sale or to find you the home of your dreams you have chosen the right team so look no further."
Jennifer & Ryan
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.
We look forward to hearing from you!
Pinnacle Group Real Estate Marketing
Andrea Jauck Kris Cyganiak
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