Dare We Admit We’re Happy?

Dare We Admit We're Happy?

If ever there was a headline that was tough to top, it is that in the Tuesday Oct 5th edition of the Vancouver Sun. Quote    Want to be happy?

Move to the North Shore  This was an article on the recently released 2010 Vital Signs Report by the Vancouver Foundation and its byline stated  Survey shows residents there are Metro’s most satisfied . Comments included the following  Throughout the region, North Shore residents appeared to be the happiest of the lot, with 37% saying the quality of life is excellent here, compared with those in the Tri-Cities and Maple Ridge, who said it was only fair to poor. North Shore residents also made up a fair chunk of the 60% of Metro residents who described themselves as  unusually happy and interested in life.  [read all] (Want to be happy? Move to the North Shore)

Why I used this month’s heading hints at two things   i) our Canadian reticence to make categorical and unqualified statements, and ii) letting out our secret lest we trigger (provoke?) an influx!  The region’s  physical beauty  followed by  the weather, climate and year-round recreation , factors to which North and West Van contribute significantly, are cited as the strong points. So too are Belonging, Health and Wellness and Environmental Sustainability.

Then, why   says this scribe     aren’t we being inundated with wannabe North Shore residents?  The answers are twofold   economically we are in an overall  lower confidence  (call it nervous) phase which tempers the ‘acquisition’ (or ‘move-up’) mode and the second answer is not an answer at all, but a statement  . We are at a lull in an extended period of high demand for North Shore residency. It will return and we will see continued evidence of this desire to live  north of the bridges  [1st and 2nd narrows]. Some geographic sub sectors of  Metro  may be seeing prices sliding back from ’09 but do look at the actual Real Estate Board stats (below) for North Shore average prices year over year.

I have been tracking the graph of the number of listings in both N and W Vancouver. Over this calendar year we have witnessed the steady increase in properties for sale from around February to late June and then a relatively stable period with, latterly, some uptick in September. Early October numbers show indication of some decline   will this continue as a trend? The next few weeks will tell. It remains true, however, that the supply level when faced with the demand will dictate price stability (or fluctuation). My 2¢ – the North Shore will likely not be affected by a decline in values.
I remain of the opinion that the current market presents opportunities for judicious bargain buys as many properties languish on the market with motivated owners and many buyers continue to be reticent to test this motivation.
With our  Indian  summer – full sunshine and 17° outside as I write this – what am I doing indoors? To all, a most Happy Thanksgiving   (Dare we admit we’re happy!)
Again, visit my website to see and  hear  the new developments.  I continue my commitment to keep you… www.OnTopOfTheMarket.ca – the  go to  site for North Shore Real Estate analysis and jumping off point for FULL market listing information.
To join the group getting the e-mail version of this  update  – send a request now toalanskinner@shaw.ca and you’ll be assured receipt; phone me at (604) 988-7368 or visit www.OnTopOfTheMarket.ca

 

October 2010 Numbers

October 2010 Numbers

Now September 2010 YTD figures for our North Shore. North Van

detached homes sold are off by 12% from the same period of the previous year, attached (t/hses) down 17% from ’09 and apartments down 9% from ’09. Detached average prices up 8% and inventory Sept 30th, up by 32%. Average prices up 8% (t/hses) and up 10% (apts). Inventory (t/hse) 43% higher than ‘09 and (apt) up 25% from ’09. N/Van inventory at Sept 30th is still significantly higher than 2009 (but is below/maintaining the earlier 2010 levels). 

In West Van, detached number of sales is up by 8% from ’09.  Average price up by 20% and inventory Sept 30th up by 20% from ’09. On the condo side   attached (t/hses) sold are up from 2009 to 59 vs. 35 units; average price up 37%. Active listings up from Sept 30th (53 vs. 48).  Apartments reflect 126 sold vs. 121 during ‘09; with average price 14% higher than ’09 and active listings up 41% from Sept 30th 09. 

I remain of the opinion that the current market presents opportunities for judicious bargain buys as many properties languish on the market with motivated owners and many buyers continue to be reticent to test this motivation.  

With our  Indian  summer – full sunshine and 17° outside as I write this – what am I doing indoors? To all, a most Happy Thanksgiving   (Dare we admit we’re happy!)

Again, visit my website to see and  hear  the new developments.  I continue my commitment to keep you… www.OnTopOfTheMarket.ca – the  go to  site for North Shore Real Estate analysis and jumping off point for FULL market listing information.

To join the group getting the e-mail version of this  update  – send a request now toalanskinner@shaw.ca and you’ll be assured receipt; phone me at (604) 988-7368 or visit www.OnTopOfTheMarket.ca

Podcasts

North Shore Real Estate Radio

This year I pledge to continue my personalized service and further reduce my business ecological “footprint”. A new initiative is the radio (podcast) library which I am creating.

All North Vancouver Real Estate “Updates”, reports and information articles, checklists etc. will be archived on my website and available for download or desktop listening 24/7. You can access the information you seek when the spirit moves and not when someone pushes yet another flyer into your mailbox. I am most excited about these developments. Input as to the topics for “programming” you feel would be of interest is strongly sought. Please e-mail This email address is being protected from spam bots, you need JavaScript enabled to view it or call me 604 988-7368

Click on the “Launch Podcast Player” Icon in the top right of this website to listen now

North Vancouver Real Estate

Podcasts

Selecting Your Real Estate Agent

Selecting Your Real Estate Agent

Selecting Your Real Estate Agent. The Agent brings the market to you. The market decides the price.

The right Agent is the one who knows the market and can get you the best price possible – not the one who promises you the highest price just to get you to list with them!
Many of the same questions, hesitations and strategies connected with seeking out professional assistance in any field – whether you’re looking for a doctor, dentist, lawyer or accountant – come into play when you’re selecting a real estate agent.

Some people find an agent through a family member or friend. This is often a reliable approach. However, you might not always find the most compatible assistance this way. In a transaction as important and intensive as buying and selling a home, that can be critical.

A referral from a family member or friend doesn’t guarantee a perfect match. Just think of something as simple as a movie or restaurant recommendation. Your close friends rave about a new Chinese food place downtown – so you check it out. Could this possibly be the same restaurant they were describing? Mediocre service. No chopsticks. Bland flavors. It’s the same restaurant. Same cook. Same waiters. Just different perceptions.

Regardless of how you get an agent’s name, it might be worth interviewing at least a couple before you make a final decision – or at least arming yourself with some criteria to go over with any agent who has been recommended to you.

A few things to look for:

If you’re looking for an agent to list your home, be wary of anyone who suggests they can get an unreasonably high sales price. An agent might use a high listing price to secure a contract, only to seek a lower price later, after little traffic is generated at the initial price level.

Meanwhile, you’ve lost what can be the most critical time period in selling a home – the first weeks immediately after it’s listed.

Check on experience and productivity. As with most professions, experience pays in real estate.Experienced agents know the market and the marketing process. They’ll have the best chance of quickly and smoothly helping you to buy or sell your home.

The number of transactions an agent is handling monthly or yearly is going to give you an indication of how committed the agent is to the profession. Is the agent a part-timer who’s just dabbling in real estate sales – or is the agent a full-time professional whose livelihood depends entirely on an ability to successfully and repeatedly close real estate transactions?

Does the agent know the market ?

Is the agent part of a national network? This can be especially important if you’re selling in one city in preparation of moving to another. Your selling agent can refer you to a professional,compatible agent in your destination city – and keep in close contact with that agent so both your selling and buying efforts are closely coordinated. It is no secret that Re/Max sells more North Shore property than any other realty company; many of those buyers coming directly from Re/Max agents in other geographic locations.

And a final point: Does the agent seem primarily interested in sharing expertise and market knowledge in an honest and straightforward manner? Or does the agent seem more interested in telling you what you want to hear ? Or worse still are they getting you to sign up with them just to pass you off to an assistant who will deal with the “trivia” of actually selling your home ? The worst time to secure the services of a “yes-man” or an agent who seems to have too many irons in the fire is when you’re entering a transaction involving something as important as your home. You need straightforward, reliable information – even if it’s not necessarily flattering – regarding the home you’re selling – or very encouraging regarding a home you think you might want to buy.

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