… Maple Ridge Family Home. Stay tuned for more details.
Blog
Top 10 – June 2017
Wow!! what a great surprise – making the top 10 individuals in June for the office. I work with a great group of top producing realtors so making the top 10 is really cool! I wanted to say ‘thanks’ to everyone i had the opportunity to help make a move. It’s great when you love what you do for work.
– Tony
Demand for condominiums continues to outstrip supply
The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold.
Last month’s sales were 14.5 per cent above the 10-year June sales average.
“Two distinct markets have emerged this summer. The detached home market has seen demand ease back to more typical levels while competition for condominiums is creating multiple offer scenarios and putting upward pressure on prices for that property type,” Jill Oudil, REBGV president said.
There were 5,721 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2017. This represents a 2.6 per cent decrease compared to the 5,875 homes listed in June 2016 and a 5.3 per cent decrease compared to May 2017 when 6,044 homes were listed.
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,515, a nine per cent increase compared to June 2016 (7,812) and a 4.2 per cent increase compared to May 2017 (8,168).
“Home buyers have more selection to choose from in the detached market today while condominium listings are near an all-time low on the MLS®,” Oudil said. “Detached home listings have increased every month this year, while the number of condominiums for sale has decreased each month since February.”
For all property types, the sales-to-active listings ratio for June 2017 is 45.7 per cent. By property type, the ratio is 24.5 per cent for detached homes, 62 per cent for townhomes, and 93.2 per cent for condominiums.
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“Market conditions will vary today depending on area and property type,” Oudil said. “It’s important to work with your local REALTOR® to help you understand the trends that are occurring in your community.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $998,700. This represents a 7.9 per cent increase over June 2016 and a 1.8 per cent increase compared to May 2017.
Sales of detached properties in June 2017 reached 1,320, a decrease of 15.5 per cent from the 1,562 detached sales recorded in June 2016. The benchmark price for detached properties is $1,587,900. This represents a 1.4 per cent increase from June 2016 and a 1.1 per cent increase compared to May 2017.
Sales of apartment properties reached 1,905 in June 2017, a decrease of 9.6 per cent compared to the 2,108 sales in June 2016. The benchmark price of an apartment property is $600,700. This represents a 17.6 per cent increase from June 2016 and a 2.9 per cent increase compared to May 2017.
Attached property sales in June 2017 totalled 668, a decrease of 8.5 per cent compared to the 730 sales in June 2016. The benchmark price of an attached unit is $745,700. This represents a 10.7 per cent increase from June 2016 and a 0.6 per cent increase compared to May 2017.
Download the June 2017 Stats Package
Content provided by the Real Estate Board of Greater Vancouver
Appreciation Gift From a Client
Wow!! How cool is this. A hand written note thanking me for getting the job done. They even enclosed a gift card to Long and McQuade ( you know I love music). It’s moments like these that make your day a lot brighter. A big thank you to the Goodridge family for being so kind.
” I love what I do”
Today marks my 30th anniversary in Real Estate!
Wow!! What a great day. Today marks my 30th anniversary in Real Estate. Boy time does fly by. It’s great having a career doing something you love- here’s to 30 more years. Special thanks to all the professional Realtors I work with, friends and family. Without you it wouldn’t have been possible!
Certificate of Achievement 2016
I am very proud of this achievement and thankful to Kim Taverna (the office manager) for these kind words:
“CONGRATS TO TONY FILIPPELLI. FINISHED #18 OUT OF 220 REALTORS IN THE OFFICE. Continued success year after year. Proud to have you as a team member.”
REALTORS Care® Blanket Drive helps 30,000 people stay warm
More than 30,000 Lower Mainland residents will receive blankets and warm clothing this winter thanks to donations collected during the 22nd annual REALTORS Care® Blanket Drive.
Between November 14 and 21, over 100 real estate offices served as drop-off locations for donations. Realtor volunteers then collected, sorted and delivered the donations to local charities last week.
“The Blanket Drive partners each year with a network of over 50 charities across the Lower Mainland to get the donations to the people who need them the most,” Dan Morrison, Real Estate Board of Greater Vancouver president said. “We’d like to thank our volunteers and the thousands of people who donated this year.”
All donations to the program remain in the community in which they were collected. “Warm clothing and blankets are in such high demand since the weather turned. It’s hard to keep up and we’re grateful for the continued support from the Blanket Drive program—it makes a real difference,” said Wes Everaars of the Lookout Emergency Aid Society.
The REALTORS Care® Blanket Drive is a partnership between the Realtors of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board and the Chilliwack and District Real Estate Board and their communities.
The program is the largest and longest running blanket drive in British Columbia. Since it began in 1994, it has helped more than 300,000 people in our communities keep warm and dry during the winter months.
Go to www.blanketdrive.ca for more information. For photos from the Blanket Drive, visit www.facebook.com/BlanketDrive