Vancouver Real Estate Market Keeping me Busy

by Maggie Chandler on November 2, 2009

in Uncategorized

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October was a busy month in Vancouver Real Estate and I’ve been working seven days a week and too busy to blog!

Three of my listings sold and I had one transaction as a buyer agent. In addition I received four other offers. One was accepted but the buyer changed their mind, the second one just got accepted and the other two are still under negotiation. I’ve observed an increase in verbal offers – a method of negotiating i dont partake in. On average it takes about 30 showings to sell a million dollar property.

So who’s buying Vancouver Real Estate? Based on my experience regarding the showings on my listings and the offers, the city is full of Mainland Chinese Buyers. They are either investors or they have immigrated here and they purchase luxury condos over $1M and west side homes. There are still quite a few first time buyers, the odd trade up buyer, a few local investors buying inexpensive condos to rent out and a smattering of investors from the US and Alberta.

Some buyers are waiting to buy after the Olympics and some sellers are waiting to sell after 2010 Olympics. CMHC and BC Central Credit Union are predicting an increase in sales for 2010 and a further rise in prices. The pent-up demand is expected to taper off in 2011.

I have noticed the waterfront prices in Coal Harbour are slowly creeping up, perhaps due to insufficient inventory. The flippers in Two Harbour Green have flipped, same with Shangri-la. Bank of Canada recently announced that interest rates would remain flat til next summer.

when you’re ready to buy vancouver real estate, contact maggie

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Tagged as: buyers, coal harbour condos, real estate, Vancouver Real Estate

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WELCOME! And thanks for checking out my site, and wanting to know a little bit about me. I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello! The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver. I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums. I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion. Providing trustworthy real estate services in the Vancouver area for over 30 years

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