Cheering you on! Two thumbs up!
I hope you're all doing okay and if things aren't so sparkly at the moment, I hope this newsletter can brighten up your day.
For more encouragement and information, you can follow me on Instagram and Facebook: @makingresimple
Market Trend - January 2021 Highlights
2021 will rival the 2016 boom year, according to the B.C. Real Estate Association! Vancouver prices made headlines all over the world for their massive increase in 2016. The market is so hot right now...
As we are heading into spring, the market is continuing to boom. The BCREA is forecasting close to around 110,000 sales this coming year! The only thing preventing sales from going higher are people who are at risk and won't be able to move during the pandemic; therefore, it is keeping supply down and prices high.
"Shifting housing needs during the pandemic and historically low-interest rates have been key drivers of demand in our market over the last six months. People who managed to enter the market a few years ago, and have seen their home values increase, are now looking to move up in the market to accommodate their changing needs." Gerber (REBGV Chair) said.
The activity in January has been high and the supply of homes aren't able to keep pace, it's "causing increased competition amongst home buyers and upward pressure on prices."
The MLS® HPI, which is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices.The trend of prices has consistently been increasing.
"This is causing increased competition amongst home buyers and upward pressure on prices."
The above prices are based on the MLS® HPI. These are the TOP 5 price increases in the past year. The demand was elevated across the region, home buyer activity was focused more on remote areas like the Sunshine Coast.
Annie and her team have such a vibrant personality and will bring a smile to your face. They have fantastic products you can purchase for yourself or as gifts! Also, their iconic, fun photo white brick wall. Follow them on Instagram: @theheartcloverdale to be up to date with all the new arrivals and updates!
Pay It Forward
Thank Somebody Today
___ for being them
___ something they did
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___ something they said
You can send a quick text message or even give them a call to thank them.
Movie The Big Short (2015)
This movie may be the most detailed and understandable explanation for the financial crisis I've seen. I've learned a lot from that movie but one that stood out was: Don't blindly follow "the professionals" without doing your homework. It's important to hire a professional when purchasing a home, but it's also critical for you to do your homework.
I love doing my research and calculations, so whether you are buying, selling or investing in real estate, let me know if there is a way I can support and guide you.
What My Fans Say
Heather is an OUTSTANDING realtor! I was very impressed with her skills during a stressful time in my life and she was successful in closing my condo purchase SMOOTHLY and EFFICIENTLY! I highly recommend Heather as your realtor. Thanks so much Heather! ~ Christine K.
Click below to download the full FEBRUARY 2021 Newsletter!
Keep Smiling, 😊
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