Anne's Real Estate Update - February 2021
Sotheby's International Realty Canada

Let me help you go from the life you have to the life you dream about.

• Low-interest rates
• Low inventory
• On-going local demand
• Demand for more outdoor space
• A change in lifestyle: we are spending more time at home.
• The need for more space, a gym, an outdoor jacuzzi, and a home theater are a few of the key buying trends
• Demand for bigger condos is allowing for potentially 2 home offices. Dens/flex spaces are becoming more valuable.
• The demand is NOW.  People used to be patient for the right property, but today they want it NOW.

• Condos between $500K and $700K
• Large condos under $1.2 million with outdoor space
• Homes below $3 Million

CLICK HERE to view the properties.

Anne Mainwaring has achieved
MLS MEDALLION CLUB Status 2018 & 2019

Anne Mainwaring has earned the
Certified Luxury Home Marketing Specialist® designation from
The Institute for Luxury Home Marketing®

Testimonials
Testimonial Letters from Home Buyers & Home Sellers

LIVE Inspired: Sotheby's International Realty Canada
Luxury is an experience, not a price.

My Commitment To You
How I will facilitate your property sales & acquisitions. It can be a great experience!

SnapStats - Metro Vancouver & Greater Vancouver January 2021
The Two New SnapStats Packages

Real Estate Board of Greater Vancouver - February 2, 2021
Homebuyer demand remains elevated across Metro Vancouver

Previous Issues
CLICK HERE to view previous issues of Anne's Real Estate Update

PRE-SALES   Contact me if you're interested in the pre-sale market.

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CBC News
Why detached home prices in Greater Vancouver have been rising,
while condo prices have stayed static

Single-family home prices increasing at level not seen since mid-2010s

COVID-19 doesn't affect all people equally — and it doesn't affect the housing market equally either.

The average selling price of a detached home in Greater Vancouver rose for the sixth straight month in January, the first time that had happened since 2013. 

At $1.83 million it's the third highest monthly figure in the history of the Greater Vancouver Real Estate Board. To the east, the Fraser Valley Real Estate Board saw a 23 per cent increase in the average value of a detached home in the last year, and is now at $1.28 million, its highest number ever.

[Continued...]

CLICK HERE to read the full article & video.

My Commitment To You

In addition to the standard service offered by Realtors®, I will write  a LIFESTYLE STORY, BRAND your house and SHOWCASE it. This includes:

1. FREE staging services: I will create an ideal environment for future buyers to imagine themselves in this new space and make it very inviting and welcoming.
2. HIGH-DEFINITION PICTURES: The use of a professional photographer and 20 High-definition pictures to showcase your home.
3. The creation of a HIGH-END VIDEO of your property, including drone imaging.  Having  Sight , Sound and Motion will allow to transport the consumers into your home.  This will highlight  the lifestyle associated to living in your neighbourhood area and features its benefits. A video tells best the story of your home. 
4. Thick glossy brochures with high-definition pictures, floor plan and description of your property

1. Helping you reach the Local, Asian, American and European markets with language proficiency in English, Mandarin and French.     .
2. Advertising  in the major local newspapers and send out newsletters and flyers to  promote your property. Putting a sign on your lawn is just the beginning: I spend lots of my costs to “PUSH” your property to get it sold in the fastest time frame. This includes comprehensive social media integration and direct email to the top 1,000 most active local realtors.
3. Offering “boutique” service, and am committed to personally (no realtor's assistant) showing your house at the Open Houses and each appointment request. 
4. Negotiating on your behalf to ensure that you receive the highest possible sale price for your home. 
5. Warranting you to receive full transparency and open communication through the entire process.
6. Providing a Personal & Courteous service. 

1. Arranging for owners rent back
2. Having access to architects/designers/ builders/ trade people (painting, flooring, plumbing and electrical). 
3. Leveraging my expanded referral network and partners:
   - CPA: Tax strategies and investment planning
   - LAWYERS: Advice and guidance for your investments
   - FINANCING: Creative loan solutions for local and international buyers
   

• In Q1 2020: Sothebyrealty.com reached 12,555,004 Avg Monthly Page Views. 
• Juwai.com. -  All our properties are featured on Juwai (the #1 real estate site in China for a total of 21,414 impressions in 2016 on our company page).
• in 2020, Sotheby’s International Realty® announced its exclusive sponsorship of a new, multi-lingual real estate portal on Expansión, a leading Mexican business publication, and the first luxury real estate brand to showcase its listings to prospective homebuyers through this kind of affiliation to more than 15 million readers
• Sotheby's offers a powerful network of 22,500 agents and over 1,000 offices in 71 countries worldwide giving access to affluent community of buyers.

In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a 52.1 per cent increase from the 1,571 sales recorded in January 2020, and a 22.8 per cent decrease from the 3,093 homes sold in December 2020.

Last month’s sales were 36.4 per cent above the 10-year January sales average.

"With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace. This is causing increased competition amongst home buyers and upward pressure on prices. "
- Colette Gerber, REBGV Chair

There were 4,480 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2021. This represents a 15.7 per cent increase compared to the 3,872 homes listed in January 2020 and an 86 per cent increase compared to December 2020 when 2,409 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,306, a 3.6 per cent decrease compared to January 2020 (8,617) and a 2.7 per cent decrease compared to December 2020 (8,538).

For all property types, the sales-to-active listings ratio for January 2021 is 28.8 per cent. By property type, the ratio is 26.3 per cent for detached homes, 37.6 per cent for townhomes, and 27.8 per cent for apartments.
 

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Shifting housing needs during the pandemic and historically low interest rates have been key drivers of demand in our market over the last six months,” Gerber said. “People who managed to enter the market a few years ago, and have seen their home values increase, are now looking to move up in the market to accommodate their changing needs.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,056,600. This represents a 5.5 per cent increase compared to January 2020 and a 0.9 per cent increase compared to December 2020.

Sales of detached homes in January 2021 reached 740, a 68.6 per cent increase from the 439 detached sales recorded in January 2020. The benchmark price of a detached home is $1,576,800. This represents a 10.8 per cent increase from January 2020 and a 1.4 per cent increase compared to December 2020.

Sales of apartment homes reached 1,195 in January 2021, a 46.8 per cent increase compared to the 814 sales in January 2020. The benchmark price of an apartment home is $680,800. This represents a 2.2 per cent increase from January 2020 and a 0.6 per cent increase compared to December 2020.

Attached home sales in January 2021 totalled 454, a 42.8 per cent increase compared to the 318 sales in January 2020. The benchmark price of an attached home is $815,800. This represents a 4.3 per cent increase from January 2020 and a 0.2 per cent increase compared to December 2020.