TeamW flew to Charleston, South Carolina for a training session and mini vacation! We’ve signed up for an all-in-one customer relationship management and consumer website platform to take our business to the next level. This platform allows us to be more interactive with our friends and client’s, and creates an informative platform and system for our client’s to view desired properties and to keep in touch with us. Check out our new website http://www.teamwrealty.ca! You will receive a welcome email from us once we’re fully set up with our new system, stay tuned.
Market update Reduced demand is allowing housing supply to accumulate
According to the Real Estate Board of Greater Vancouver (REGBV), statistics have displayed that the month of May has shown a decreasing trend in Home buyer demand. Compared to May 2017 with home sales totalling 4,364, the total residential properties sold in May 2018 was 2,833, a 35.1 per cent decrease.
With fewer homes selling today in comparison to other years, the number of homes available for sale is rising. Phil Moore, REBGV President said “The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.”
We are also seeing a 40.2 per cent decrease in detached home sales from May 2018, in comparison to May 2017. “For home sellers to be successful in today’s market, it’s important to price your property competitively given the shifting dynamics we’re experiencing, “Moore said. “It’s also important to work with your local Realtor to better understand these changing conditions.”
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New disclosure and agency forms coming June 15th, 2018
The Real Estate Board of Greater Vancouver has conducted a few changes regarding disclosure and agency. New forms have been introduced requiring Realtors® to provide increased disclosure information and further discussions on agency. The existing Working With a Realtor form will be replaced with a new form. The purpose of these changes are designed to provide the general public with more clarity surrounding agency relationships and renumeration. For more information on these changes, please feel free to contact us.
DO YOU KNOW A BUYER FOR THIS HOME? 905 – 1887 Crowe Street – The Ultimate Modern condo lifestyle with huge picture windows, neutral relaxing palette, spa like bathrooms and location, location, location, heart of “The Village”. Well thought out corner unit with floor to ceiling windows and spectacular views of City, Mountain and Water. Contact us now to view this listing. Press Play below to watch video.