......  

How will the BC Election change future home prices and your income? How many cities have had price increases in the last month?

Not sure what marketing is working today? , you are invited  to join our Market Analysis and Business Coaching Webinars every evening at 8:00 pm Mon- Thurs. (details)

Price Reductions Work! In April, in the Vancouver area, 49% of the single family home sales over 30 Days On Market REDUCED their list price by $49,000 (median)
At the same time 48% of the April single family sales in FV/Chilliwack that were over 30 DOM REDUCED their list price by $20,000 (median) 

    Note: 66% of the listings now expiring have no price reduction at all!  Last year 63.5% of the listing expired!  All that time, money and future client lifetime value is GONE!
  , may we help you sell more homes?  (Yes)
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North Vancouver  May 1, 2013
gas gauge

Current:  North Vancouver is a Stable - Sellers Market with its record listings inventory and a 18 %SOLD rate. Meaning 18 homes out of 100 sold in the last month with an avg of $20,750 discount on sale from the original list price.

Most Active Range: Homes between $1 million-$1.25 million have 26.0 %SOLD rate.
Least Active Range: Homes above $2 million-$1.5 million have a 3.3 %SOLD rate.

History: North Vancouver RMR HPI* shows that prices decreased $64,315 in 2012.
                   *The RMR HPI (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: North Vancouver has high Listing Supply; 471 homes are for sale and with the 18 %SOLD monthly rate gives us a ~5.5 months of inventory. At this sell through rate, approximately 324 of these listings will not sell. 22% of the Active Listings have reduced their price by $71,618 on average or 50,000 on median. The next few weeks will see increased sales in the local real estate market. The Spring Fever and the Election Resolve should inspire a new buyers confidence. With 5 year mortgage rates near 3%, at levels not seen in decades, makes this a GREAT time to buy.

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Hello  , fellow RE/MAX Agent.
These Re/MAX Market Share Reports are sponsored by
the Canada's Most Referred Referral Network! we thank  them for their support and please refer to them in your appreciation.

West Van - Steve Burk North Van - steve Burk Downtown Westend - Steve Burk Van Westside - Sharon Lum Coquiltam - Phil Haig Port Coquiltam and Port Moody -Phil Haig Mission - Bill Coughlin Chilliwack - Corney Les Cultus Lake - Bill Coughlin Abbotsford - Bill Coughlin North Langley - Jorda Langley - Bill Coughlin East Surrey - Greg Mark West Surrey - Greg Mark Burnaby - Albert Yen New West - John Mackenzie North Delta - Tom Edwards White Rock - Team Claude Richmond Multi Family - Larry and Taylor Biggar Richmond - Larry and Taylor Biggar Coal Harbour - Steve Burk N. Burr..by - Charlie Kiers Maple Ridge - Lori Blake Ladner Delta - Gurdial Badh East Van Multi Fmly - Gurdial Badh East Van -Charile Kiers Powell River - Ross Cooper Whistler Edmonton - John Carle Calgary - 1 Calgary - 2 Calgary - 3 Kelowna Edmonton - Jogn Carle 2 Calgary - 4 Calgary - 5 Calgary - 6 Calgary - 7 Calgary - 8 Calgary - 9 Calgary - 10 Calgary - 11 Calgary - 12 Calgary - 13 Nanaimo - Rudi Widdershoven Victoria RMR Referral Network The Network is growing and growing !
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Remax Report ...If you cannot see this image   you need to click through the top link

Remax Report ...If you cannot see this image   you need to click through the top link

NOTE: This representation is based in whole or in part on data generated by the Real Estate Boards of Greater Vancouver, Fraser Valley, Chilliwack which assume no responsibility for its accuracy.           

Previous Quarterly Report        Year 2011 Cumulative report.. the BEST REPORT for your CMA to help you win the listings.   Copyright © 2011 by Bill Coughlin             

We thank Steve Burk for his support of these North Vancouver Market Updates which includes sub areas such as Canyon Heights NV, Lynn Valley, Upper Lonsdale, Deep Cove, Hamilton etc. Contact Steve as the Local Expert.... more details.

all the sub-areas of North Vancouver - Lynn Valley, Upper Lonsdale, Hamilton, Deep Cove, Canyon Heights NV.

all the sub-areas of North Vancouver - Lynn Valley, Upper Lonsdale, Hamilton, Deep Cove, Canyon Heights NV.

Download the full NorthVancouverMarketupdatereport.PDF

North Vancouver Market update includes the sub areas Canyon Heights NV, Hamilton, Lynn Valley, Deep Cove, Upper Lonsdale etc.

This North Vancouver Real Estate Market update includes the sub areas Deep Cove, Canyon Heights NV, Hamilton, Lynn Valley, Upper Lonsdale etc.

 

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