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Home staging is a very important part of the selling process. The better your home looks, the more appealing it is to Buyer's. People make home decisions using a lot of factors, the "feel" of a place is one of them, and if you show them how good your place "can" look, they'll be much more inclined to want to live there.

Home staging doesn't mean going overboard with furniture or cleanliness; as long...

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Here's what you've been waiting for - the interior shots of my Vancouver Special Renovation! I was finally able to organize enough to take some pictures, without my kids toys scattered everywhere. Also, it took us sometime to choose things like the light fixtures, and without those the space really isn't complete.


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Finishing touches still need to be done, including hanging art, but these photos should...

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Market Update

JUNE 2012

This month's statistics follow the trends we noted last month: A consistent rise in inventory across the board with sales volumes and average prices varying greatly between markets. There is still a lot of Buyer activity in the marketplace, and the banks are processing mortgage pre-approval applications in spades at the moment, but there is a noticeable shift towards exercising patience and ensuring that good value is being received on the buying side. This is leading to slower selling cycles and a longer average time on market for most listings.

As a whole, Vancouver saw listing inventory rise 28% over May of 2011 to just over 5000 active listings. For perspective, this is still below the over 5400 active listings we saw in May 2010 and well below the over 6100 listings in May of 2008. The most notable change here is in the Westside Detached market, where listings are up an astounding 83% over last year with many Seller's looking to cash in on the recent increase in prices in this market. Throughout Vancouver, Detached listings are up 43.1% over last year compared to 25.2% for townhomes and 21.3% for condos.

Sales volume is down 18% and lowest we have seen since 2008. This number fluctuates greatly across different markets however, with Vancouver East and North Vancouver Attached market actually showing substantial increases in sales over last year. Most of the sales decline is actually stemming from the Detached market, which could be due to a combination of decreasing affordability and a gentle decline in foreign investment. Broken down in product types, the Detached market in down 37.1% over last year, while townhomes and condos are only down 6.6% and 5.2% respectively.

Average sales prices are down in all 3 product classes, with Detached seeing the most marked effect down 10.8%. This is due almost exclusively to a dip on the Westside, as both Vancouver East and North Vancouver are actually showing prices increases over last year. Townhomes prices across Vancouver have dipped 5.6% and condos just 1.5%. These smaller decreases are likely due to the fact that the Attached market has been flatter over the past 2 years without the same prices increases experienced in the Detached market.

Look for activity to increase through the Summer as Buyer's take advantage of increased selection, more favourable pricing and appealing mortgage rates.

Rob

Unique Homes Blog

THE SHIELD HOUSE

Not just a style element, the curved wall - the "Shield" - provides privacy from the nearby three story triplex. Surely a creative way to recognize and work with your surroundings. See more photos on my Unique Homes Blog >>

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MARKET STATISTICS



Featured ListingS



2954 TURNER STREET

  • SOLD! Offered at $848,000
  • 5 Bedrooms, 3 Bathrooms, 2 Kitchens
  • 2,150 sq ft
  • Newly Renovated Vancouver Special located near the PNE

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2301-108 W CORDOVA STREET

  • SOLD! Offered at $545,000
  • 1 Bedrooms, 1 Bathroom
  • 765 sq ft
  • Only North Facing 1 bedroom unit in the Woodwards Buidling

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4988 CHANCELLOR BOULEVARD

  • SOLD! Offered at $2,688,000
  • 2 Bedrooms, 3 Bathrooms
  • 7700 sq.ft. lot
  • Valued for it's lot and private location
  • A renovators dream!

More Details
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There is lots of talk regarding Real Estate in Canada (and Worldwide) as the Market is going through a shift. Prices are down compared to the same quarter last year, and demand is slightly lower. Experts expect the Market to flatten for the rest of 2012. Though some good news is Canada is on the better end of the Worldwide Real Estate Market.

Read the full article from the Vancouver Sun here:

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Check out this very cool Thermostat from a company called NEST (http://www.nest.com/). This is a Smart Thermostat that was designed to work with the owner's lives, therefore cutting costs on your energy bill. It's small, modern, technologically capable, and programs itself to your lifestyle and preferences.

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This thermostat has many cool features:

- Auto-Schedule: NEST automatically programs...

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What would you do if there was an old, Sycamore tree the the property where you are to build your dream home? Incorporate it into the design, of course!

This 1950's Los Angeles post and beam house was redesigned with more square footage and modern design details. Given some challenges of the land, including the tree and the slope, this property had to maintain a certain shape. The designers, Aaron Neubert...

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Take a look at the latest Market Statistics for Detached Homes in Vancouver West:


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Take a look at the latest Market Statistics for Attached Homes in Vancouver West:


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Take a look at the latest Market Statistics for Detached Homes in Vancouver East:


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Take a look at the latest Market Statistics for Attached Homes in Vancouver East:


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