Greater Vancouver Real Estate News from The Pearce Team November 2017   

 
Having your home broken into is a traumatic experience that you definitely want to avoid so this month's article shares some tips on how to increase your home's security.

There are also some great feng shui ideas to help you create a harmonious home environment as well as a few tips on how to build a more close-knit community.

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...
Rememberance Day Services 
No matter where you are on November 11th take a few moments silence at 11:00 AM to remember those who made the ultimate sacrifice for our freedom.  
                      

Maple Ridge Remembrance Day Ceremony

Location:  Memorial Peace Park - 11925 Haney Place, Maple Ridge

The Remembrance Day Ceremony takes place in Maple Ridge at 10:30 after the parade from the Legion Building to the Cenotaph in Memorial Peace Park. There will be a laying of wreaths and at 11 a.m., there will be a fly past, and two minutes of silence.

Pitt Meadows Remembrance Day Ceremony

Location: Spirit Square - 12007 Harris Road, Pitt Meadows

The Remembrance Day Ceremony takes place in Pitt Meadows at 10:30am. There will be a procession to the Spirit Square Cenotaph at 12007 Harris Rd, speeches and prayers, playing of The Last Post.
 

Port Coquitlam

Location: 2580 Shaughnessy Street

This is an outdoor service. Seating is limited and reserved for the veterans in attendance. Those attending the Cenotaph Remembrance Day Service are encouraged to dress warmly and to bring an umbrella in the event of rain.

There are over 30 different Remembrance Day events in the Lower Mainland every November 11th. Below is a list of just some of this year’s events including ones at the following locations:

Abbotsford | Burnaby | Coquitlam | Delta | Fort Langley |

Langley | Maple Ridge | New Westminster | North Vancouver |

Richmond | Surrey | Vancouver | West Vancouver

 

 

 



Realtors Care Blanket Drive 

The 23rd annual REALTORS Care® Blanket Drive kicks off November 14. It’s the largest and longest running blanket drive in the Lower Mainland.

 

Between November 14 and 21, REALTOR® volunteers will collect warm clothing and blankets across the region. The donations are then distributed to partner charities from the same community where the item was donated.

 

The public can make donations at more than 100 participating real estate offices across the Lower Mainland. Click here for a list of drop off locations.

 

“Each year, the Blanket Drive helps more than 20,000 residents keep warm during the winter months,” Jill Oudil, Real Estate Board of Greater Vancouver president said. “The need is real and we’re asking for the public’s support to help our partner charities meet this need again this year.”

 

Since beginning in 1995, the program has helped provide warmth to more than 300,000 people. To follow this year’s drive on social media, use #RCBD2017 or go to www.facebook.com/BlanketDrive.

 

“So many people in need, from Whistler to Hope, have received a blanket or warm clothing over the years through the Blanket Drive,” Gopal Sahota, Fraser Valley Real Estate Board president said. “Our donations are distributed directly to those who need it so please give what you can this year.”

Items we need:

  • Blankets or sleeping bags, gently used or new
  • Warm clothing, coats
  • Hats, gloves, scarves
  • New socks and underwear

The REALTORS Care® Blanket Drive is a partnership between the REALTORS® of the Fraser Valley, Greater Vancouver, and Chilliwack and District Real Estate Boards and their communities.

Vancouver Real Estate Market Update 

October home sales exceed historical average.

Metro Vancouver home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and apartment markets.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,022 in October 2017, a 35.3 per cent increase from the 2,233 sales recorded in October 2016, and an increase of 7.1 per cent compared to September 2017 when 2,821 homes sold.  Last month’s sales were 15 per cent above the 10-year October sales average.

Conditions continue to vary significantly based on property type and area. In some areas the detached home market is well supplied with homes for sale, which is relieving pressure on prices. It remains a much different story in the townhouse and apartment markets.  Buyers of these properties continue to have limited supply to choose from and are seeing upward pressure on prices.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,137, a 0.1 per cent decrease compared to October 2016 (9,143) and a 3.5 per cent decrease compared to September 2017 (9,466).

"The growth in our provincial economy and job market is contributing to today's demand," Oudil said.  "The federal government's announcement of plans to tighten mortgage requirements for the seventh time in the last eight years also helped spur activity in the short term.  Many buyers are trying to enter the market before the changes are in place."

Locally in Maple Ridge    

Sales of detached houses for October were 111 which is a 9% increase over last Octobers 10. The number of houses for sale is 329 which is a decrease of 5% over last years 348.  The average price for the month of October  was $921,232 compared to last years October of $782,782. This represents an average price  increase this October of  17%  over last October. Average sale price year to date is $841,000 which is 10% higher than last years $759,966.  

Sales of  townhouses for October were 38 which is an 11% increase over  last Octobers 34 while the number of townhouses for sale is 69 which is a increase of 14% over last years 91. The average price for October was $481,996 compared to last years October of $422,973. This represents an average price increase of 14% over the last  12 months. Average sale price year to date is $473,761 which is an incease over last years by 18%
  
Sales of condos for October were 33 which is a 57% decrease over last Octobers of 21 while the number of condos for sale is 37 which is a decrease of 51% over last years 77. The average price  this October was $325,757 compared to last years October of $272,052. This represents an average price increase of 18% .  Average sale price year to date is $303,861 which is an incease over last years 241,001 of 26%.


Smart Home Security Made Simple 
A fully secure home will provide you with peace of mind.

Whether you’re at home sleeping or away on vacation, it’s important to know that your home is secure.  A secure home is also much more attractive to potential buyers when it comes time to sell.

Smart lighting, remote locks and wireless cameras can all make your home safer; however, the issue of cyber criminals hacking into smart home systems is a valid concern so homeowners shouldn’t forget about the basics.

Eliminate potential hiding spots by trimming down bushes that are around your windows and doors.  Most thieves are opportunists who see an open door or window and decide to take a chance and see what they can make off with.

Next, install strike plates on your doors to help protect the deadbolt from crowbars or kick attacks.  Thieves want to get into your home as quickly as possible so if one forceful kick doesn't work, they’ll likely turn and run.

Windows are also popular break in points so install heavy sash or keyed locks.  Installing an eyebolt in window corners also prevents the window from being opened from the outside.  Glass block windows are an excellent choice as they look attractive, can't be opened and are extremely difficult to break.

Give the impression your home is lived in while you're away on vacation by installing a dusk-to-dawn porch light.  Although technology allows you to control blinds and lights right from your smartphone, you'll still need to find someone to rake your leaves as there isn’t an app for that yet!


When it comes to home security, paying attention to the little things can often make a huge difference so take time to "case the joint" and list all the security failures that burglars would appreciate.  Potential buyers will prefer a secure home as it's one less thing for them to worry about so you may as well do it sooner than later so that you can enjoy the benefits as well.

The Feng Shui Way 
Creating good feng shui around your home is easier than you think!

Feng shui is an ancient Chinese practice that helps achieve a harmonious living environment in order to promote happiness and prosperity.  Here are a few ideas to enhance the energy flow around your home:


  1. Think Outside the Nest - Birds bring great energy so add a few feeders and a bird bath in your backyard.

  2. The Right Path - Place a few plants and wind chimes on your porch and make sure the path to your front door is unobstructed.


  3. Fire & Ice - Essential oils, crystals, candles and water features such as fountains and fish bowls will bring calm and balance into your home.

  4. Mirror, Mirror - The strategic placement of mirrors helps improve feng shui by drawing more sunlight into otherwise murky rooms and by expanding narrow areas such as hallways.

  5. De-clutter - Clearing your home of clutter will introduce a smoother flow of energy.  Clutter is a sign of trapped energy so be ruthless and get rid of everything you don’t need.

Feng shui emphasizes that our physical surroundings have an impact on our emotional well-being so it’s important to be aware of how we arrange our space.  Buyers often feel certain vibes when they enter a home so a "harmonious feel" could be the difference between a quick sale and one that drags on.

Building a Better Community 
Getting to know the people living around you offers plenty of benefits!

Research shows that there are many physical and mental health benefits to enjoying a sense of belonging.  Here are a few ideas to help you build community spirit:

  1. Rags to Riches - Organize a garage sale or clothing swap in your ‘hood.  It’s also a great way to get rid of clutter!


  2. Clean Green - Coordinate a park clean-up and then enjoy drinks and snacks that will hopefully be donated by a local business.


  3. Book Smart - Build a “Little Library” at your local park or on your front lawn and enjoy watching people gather to exchange books.


Getting to know people who live close by will really improve your quality of life and foster a sense of belonging.  Social media can also help build a safe, connected, friendly place to live by providing a platform to share events and ideas.



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.