Greater Vancouver Real Estate News from The Pearce Team August 2019   

 
It’s important to create a thorough plan prior to moving day for both you and your pet’s sake. This month’s article shares a few strategies that will help keep your pets at ease during this stressful time.

There are also a few great ideas to help transition your family back into the school routine as well as a delicious, healthy frozen treat that’s perfect for these hot summer days!

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. It'd be great to hear from you!

The Pearce Team

In this issue...
Vancouver Real Estate Market Update 
Home sales up compared to same time last year.

Home buyer demand picked up across Metro Vancouver last month, making July, a traditionally quieter month in real estate, the second highest selling month so far this year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,557 in July 2019.

This was a 23.5 per cent increase from the 2,070 sales recorded in July 2018, and a 23.1 per cent increase from the 2,077 homes sold in June 2019. Last month’s sales were 7.8 per cent below the 10-year July sales average.

“While home sale activity remains below long-term averages, we saw an increase in sales in July compared to the less active spring we experienced,” Ashley Smith, REBGV president said.

“Those looking to buy today continue to benefit from low interest rates, increased selection, and reduced prices compared to the heated market a few years ago.”

There were 4,613 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2019. This represents a 3.3 per cent decrease compared to the 4,770 homes listed in July 2018 and a 2.9 per cent decrease compared to June 2019 when 4,751 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,240, a 17.3 per cent increase compared to July 2018 (12,137) and a 4.9 per cent decrease compared to June 2019 (14,968).

For all property types, the sales-to-active listings ratio for July 2019 is 18 per cent. By property type, the ratio is 13.5 per cent for detached homes, 20 per cent for townhomes, and 22 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.

“To better understand conditions in your property type or neighbourhood of choice, it’s important to work with your local REALTOR®. They can help you develop a strategy to reach your long-term real estate goals,” Smith said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $995,200. This represents a 9.4 per cent decrease over July 2018 and a 0.3 per cent decrease compared to June 2019.

Sales of detached homes in July 2019 reached 841, a 32 per cent increase from the 637 detached sales recorded in July 2018. The benchmark price for detached properties is $1,417,000. This represents a 10.5 per cent decrease from July 2018, and a 0.5 per cent decrease compared to June 2019.

Sales of apartment homes reached 1,243 in July 2019, a 15.2 per cent increase compared to the 1,079 sales in July 2018. The benchmark price of an apartment property is $653,200. This represents an 8.8 per cent decrease from July 2018, and a 0.2 per cent decrease compared to June 2019.

Attached home sales in July 2019 totalled 473, a 33.6 per cent increase compared to the 354 sales in July 2018. The benchmark price of an attached unit is $770,000. This represents a nine per cent decrease from July 2018, and a 0.6 per cent decrease compared to June 2019.

Make Your Move, For Pet's Sake 
Pets feel the stress of moving just like any other family member.

When you move, it’s important that your pets feel relaxed and content. Here are a few tips to help ensure your move goes smoothly:

  1. List It - Create a detailed checklist to help avoid any last-minute stress that your pets may pick up on.


  2. Vet the Vet - If you’re moving out of town, ask your vet for a referral and make sure to update your pet’s tags and microchips with your new contact details.


  3. Old Habits - Stick to their usual routine as much as possible before, during and after the move to help keep their anxiety at bay.


  4. Keep Calm - Have someone look after your pets on moving day but if that’s not possible, set them up in a quiet room to help keep them calm.


  5. Doggie Bag - Prepare a well-marked and easily accessible overnight bag with everything you need to help keep your pets happy and relaxed.

  6. Changing Room - Cats especially don’t like change so once you’re in your new home, set up a room with all their familiar essentials so they can slowly get used to their new surroundings.

Once you’re all moved in, give your pets lots of extra TLC to help calm their frayed nerves! Also, don’t forget to pet-proof your new home and do a quick sweep to make sure there aren’t any poisonous pest control traps left lying around by the previous owners.

Back to School Survival Tips 
Those “back to school” days are right around the corner!

Adjusting to “back to school” mode can be a breeze if you prepare in advance and set up a regular routine. Here are a few tips that will help make the transition a little easier:

  1. Back to Bedtimes - Your little night owls will benefit from having bedtimes rolled back a few weeks before school starts.


  2. Post It - Designate a central “information station” where schedules are posted and school notes can be processed.


  3. Chore Change - Responsibilities may need to be adjusted depending on the types of chores and the new morning routine.


  4. Preplan - Get in the habit of doing as much as you can the night before. The morning routine will be much smoother if you lay out clothes and make lunches in advance.


  5. Child Support - Returning to school is an emotional adjustment for children so help them stay positive and ensure you’re around to help put them at ease.

Back to school doesn’t have to be about forgotten lunches, unlabelled belongings and lost permission slips. With a little organization and planning, you'll be able to enjoy the rest of the summer knowing that September will be smooth sailing.

Frozen Grape Treats 
Frozen grapes make a refreshing snack that curb candy cravings!

Frozen grapes are a natural healthy food choice that contain potassium, pectin and vitamin C. The best part is they’re a cinch to prepare! Here's all you need to do:

  • pull the grapes from their stems
  • wash and pat dry with a paper towel
  • place on a cookie sheet and freeze

Frozen grapes are like mini popsicles without the artificial ingredients! You can even use them as ice cubes in your summer drinks to help fancy things up without watering them down. Enjoy!



PS

 

 We have ALL the MLS listings on our site, no need to go anywhere else.   Sit back, relax and let us do the work for you! Just visit www.ThePearceTeam.com and use our preset searches in $50,000 increments for Maple Ridge & Pitt Meadows. If you want to be more specific use the "other communities feature". Either way, save your search and whenever a home matching your criteria hits the market, it'll be automatically emailed to you so you'll never have to worry about missing your dream home. Go to www.ThePearceTeam.com  to get started. Our site is a virtual office so if you sign up as a member (no obligation)  then the MLS information you receive will be current to the minute with twice the detail ( room sizes, time on market, previous prices, etc). SEE IT FIRST ON OUR SITE!! Sites like realtor.ca and mls.ca have a built in 24 to 48 hour delay on all their listings. Use our Google maps interface to get a  "birds eye" view of the listing and of the neighborhood. Check out the amenities in the area with the "walk to" score. If English is not your first language then use the translate feature on the home page. Want a feature that is not there, give us a call or email and we will see if we can add the feature. We look forward to hearing from you.

Not meant to solicit clients already under contract.