Kristy Mattiazzo, Realtor & Home Stager

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Today’s session

2021 to be another record-setting year in Canadian real estate https://www.roomvu.com/agent/kristy-mattiazzo

ASKING WHAT CRAZY HOME OWNERS DO FOR A LIVING

MARKET UPDATE 2021 https://kristymattiazzo.com/market-update-march-2021/

NAVIGATING A COMPETITIVE MARKET https://www.recbc.ca/consumers/your-home-your-decision

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Vancouver, BC February 11, 2021 It was once again a record-setting month for the provincial housing market, said BCREA Chief Economist Brendon Ogmundson. While sales were strong across all regions of the province, the Fraser Valley, Interior and Vancouver Island regions shattered previous sales records and pushed January sales to new heights. Total active residential listings were down 21.5 per cent to 20,254 units in January, the lowest level of provincial active listi...ngs on record, going back to 2000. With strong sales and so few listings, market conditions are exceptionally tight with less than three months of total supply. The supply of listings continues to be held back by the pandemic, added Ogmundson. With so few listings, markets are starved for supply and prices are under extraordinary pressure.

https://www.rew.ca/news/7-home-staging-tips-for-a-quick-sale

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MARKET UPDATE - JANUARY 2021 https://kristymattiazzo.com/market-update-january-2021/

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Home buyer demand remains elevated across Metro Vancouver In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a 52.1 per cent increase from the 1,571 sales recorded in January 2020, and a 22.8 per cent decrease from... the 3,093 homes sold in December 2020. Last month’s sales were 36.4 per cent above the 10-year January sales average. With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace, Colette Gerber, REBGV Chair said. This is causing increased competition amongst home buyers and upward pressure on prices. There were 4,480 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service (MLS) in Metro Vancouver in January 2021. This represents a 15.7 per cent increase compared to the 3,872 homes listed in January 2020 and an 86 per cent increase compared to December 2020 when 2,409 homes were listed. For all property types, the sales-to-active listings ratio for January 2021 is 28.8 per cent. By property type, the ratio is 26.3 per cent for detached homes, 37.6 per cent for townhomes, and 27.8 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. 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, Gerber said. 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.