-----------------------------------------------------------------
D’Arcy Harris – Weekly Real Estate Update November 7, 2005
-----------------------------------------------------------------
For anyone who says that prices can’t get any higher, I would recommend a trip to New York City. While strolling down the street I saw a sign for a one bedroom apartment for $725,000. That’s U.S Dollars people. Granted, this ain’t New York, and I expect New York will always be more expensive than Vancouver, but when you take into consideration what one can buy for $400,000 on a worldwide comparison, it’s CHEAP here. Condo in Sidney, Australia on the water? Minimum $600 per sq. ft. . House in Los Angeles? Minimum $350,000. And that’s in Watts, the home of the race riots and one of the most dangerous places in North America. If South Central L.A costs that much, it makes the house you love in Burnaby seem cheap. We’re the best city in the world (officially); just wait for everyone else to realize it and start moving here.
Mark my words: long-term, this market has not yet begun to rise.
D'Arcy Harris
Real Estate Broker
Sutton Group - Westcoast Realty
Tel: (604) 771 1637
Fax: (604) 488 0885
P.S. Wondering what your home is worth? Probably more than you think! Find out with an Over the Phone Market Evaluation, sign up here:
http://www.vancouverrealestateinfo.ca/redir.asp?page=homeeval.asp&t=list1
P.P.S Each month, I publish a series of articles of interest to homeowners – money saving tips, household safety checklists, home improvement advice, real estate insider secrets, and much more.
http://www.vancouverrealestateinfo.ca/redir.asp?page=gold_newsletter.asp&t=list1
-----------------------------------------------------------------
Success Story of the Week
-----------------------------------------------------------------
Congratulations to J. and B. who I helped find, negotiate and close on a beautiful home in Kerrisdale. It’s always a good feeling to get an accepted offer $37,000 under the listed price. Just goes to show you that the list price is NOT what something is worth. It’s worth what a buyer is willing to pay, which is sometimes less and sometimes more than the listed price. Congrats!
-----------------------------------------------------------------
Weekly Real Estate Listings
-----------------------------------------------------------------
Have you been by to see my listing on W. 6th? This is one helluva deal at $188,000. It’s already tenanted at $1,050 a month which means that it’s cash flow positive with only $20,000 down. Plunk your money down and collect the checks, it doesn’t get any easier than this. Email me to set up a private showing. No open house this weekend for remembrance day. Check it out: http://vancouverrealestateinfo.ca/silver_listingDetail.asp?ID=196293
These are all the current listing out right now; in fact, some of them are so new they’re not even posted on Realtylink or MLS.ca. Want to get them before they’re even in the newsletter? Sign up for the VIP Buyers Program. (http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list1) If they don’t load, cut and paste the links into your browser.
Vancouver Lofts:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1507043675&s=BRC&t=BRC
Investment and Revenue Properties:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=241297715&s=BRC&t=BRC
Vancouver House Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=699976437&s=BRC&t=BRC
Vancouver Apartment Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1375900972&s=BRC&t=BRC
If you see any listings that interest you, simply reply to this email with the MLS number and the time that you’re available to view it and we’ll set up a private tour just for you. Or have them emailed to you daily rather than weekly, sign up for the VIP Buyers Program:
http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list1
-----------------------------------------------------------------
Insider Secret Revealed
-----------------------------------------------------------------
Would you like to have access to all the new listings that match your home buying criteria, including area, price range and style of home, emailed to you directly? Tired of leafing through hundreds of listings to find what you’re looking for? This is a free service and will allow you to view only the homes that you're interested in seeing. Become a VIP Buyer and beat other buyers to all the hot new listings in Vancouver. How does it work? Visit:
http://www.vancouverrealestateinfo.ca/redir.asp?page=vip_buyer.asp&t=list1
-----------------------------------------------------------------
Market Tidbit
-----------------------------------------------------------------
Real estate outlook:
Residential growth won't squeeze office space out, planner says
Thursday, November 03, 2005
Vancouver's co-director of planning, Larry Beasley, wants to dispel the myth that downtown is close to residential capacity, and that housing units are squeezing office space out of the city's core.
Read it all:
-----------------------------------------------------------------
From the News
-----------------------------------------------------------------
KING OF REAL ESTATE
Barrack’s Big Bets
http://www.fortune.com/fortune/investing/articles/0,15114,1117914,00.html
-----------------------------------------------------------------
Contact Info
-----------------------------------------------------------------
I supply this information to you free of charge and without obligation with the hope that when you do decide to buy or sell your home, you’ll call me to help make it a reality.
If I do all this for free, imagine what I do when we’re working together!
I invite you to forward this newsletter on to friends and family.
Comments and suggestions are always welcome, thanks for reading!
D'Arcy R. Harris
Real Estate Broker
Sutton Group - Westcoast Realty
No comments:
Post a Comment