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Real Estate

Vancouver Housing Prices


Real estate is a tricky business that scares off anyone other than those who work in it. Like the stock market, it plummets and sky rockets with very little control and can be a source of frustration for many out there who are looking to sell or buy a home. In the Vancouver area, real estate companies as well as clients are amazed at the fact that the housing prices are continuing to rise, causing all sorts of ripples in the pond of real estate. As you can imagine, there are all sorts of varying opinions on the topic.

As the prices climb higher, those looking for homes in the Vancouver area are getting frustrated. Any homes that they are interested in tend to out of their price range by a lot, meaning that the hunt for the perfect house is becoming much harder for anyone but the top 1%. This time of year typically sees the price for homes dropping, but the prices are continuing to stay constant and rise with each new listing. Competitor houses are having to raise their prices too to stay in the market, and that causes a headache for clients and home owners alike. It’s only a matter of time until something has to change.

Moreover, part of the problem with the Vancouver real estate market is that demand is starting to overtake supply. As people flock to the busy city looking for careers and lives, they aren’t able to find a place to live. The population is booming and with the prices high, people aren’t able to buy or sell, so they stay put.

The fact that there is so few homes is what is causing the hike in price. Buyers are being brought into the market with low mortgage rates and are ignoring the huge increase in home sales prices. The entirety of Vancouver is seeing a price hike, not just the typical hike that occurs in the west side. Every corner of Vancouver with a real estate market is seeing a price hike that is making the statistics go off the charts – or pretty close. With the small supply, customers looking for a place to live are starting to consider other parts of Vancouver, like the east side as well as Burnaby.

Interestingly enough, the market out there for the clients looking for homes is very active and a vocal part of the community. Because finding a home is so hard in this mega area, potential buyers are keeping a close eye on the housing market to watch for when something pops up that is within their price range and the area they’re searching for.

It’s a great thing to see for the city of Vancouver, but it is troublesome that the demand for housing is so vastly overtaking the supply of housing available. Even apartment rates have gone up, meaning that quality of life is becoming a problem for those with lower incomes and part time jobs. With the fact that prices are still continuing to rise at a time of year when they normally plummet to a troublesome low, many are worried about how the market will be a year from now. There’s only so much people can do to survive, after all.

While other housing markets have seem a large decrease in asking prices, Toronto and Vancouver are still climbing as the demand rises and rises for a place to live. With all eyes on the business of real estate of this busy city, we will all have to wait with bated breath for the peak to arrive. It’ll be interesting to see what it is when it does come.

An interesting aspect to understand what you’re getting in Vancouver for your one million dollars is to compare it to what you’d be getting for the same amount of money in other cities around the world. Vancouver will provide you with a family home that is as close to the city as possible and has a backyard space that is livable for the entire family. Paying one million dollars will also land you in a good neighbourhood for the kids. Here is comparison around North America.

The interesting example is New York City. For paying around one million dollars, you’ll get a 3 bedroom home in Brooklyn that is approximately 11km from the centre of the city. The home is 1520 square feet and is notably tiny when you compare it to other regions around the world. Take a home in Minneapolis, Minnesota for example. This is a 4 bedroom home with a spacious layout of 4021 square feet. It’s on a beautiful piece of land and has a great interior. More elaborate still is the home in Winnipeg, Manitoba that has a large square feet area of 3124 and has 6 bedrooms. As you can see, the choice and style seems to vary with the region. Now, a million dollars in Los Angeles, California will get you a 3 bedroom home that is close to par with the house in New York City. It’s prime location, at 8 km from the centre of the city, but you’ll pay for it with a high price tag and a somewhat shabby exterior. You can really see the difference that the market makes as you travel from region to region. The homes in Vancouver have the lovely layouts that you’re looking for, but the high one million dollar price range.

As the market continues to shift in Vancouver, residents, potential buyers, as real estate members are keeping a close eye on what’s what. As people flock to the city for a better life and a fulfilling job, homes continue to be snatched up with a higher price tag every week. All eyes remain on the vivacious city and there are all sorts of wonderings of when the price will finally peak and begin to fall back down to the range that many of the newcomers are looking in. Time will tell.

Social Marketing for Real Estate Agents – How to Use Social Networking Websites for Your Business?

The growth in the number of social networking websites means a major part of the population is online, and real estate agents are falling over each other to tap this market. Facebook, Twitter, Myspace, Google Plus and Instagram are some of the popular ones out there which are being used for real estate promotion. However, before you jump onto the social marketing bandwagon, these are some important tips to keep in mind to ensure optimal success of your social campaigns. A Vancouver SEO company says, ‘besides SEO, social media is extremely crucial for real estate agents’.

Choose relevant social media sites

This simply means you need to shun those that are too flippant in style and tone. Facebook and Twitter are two major social sites which are frequented by millions of users. There is no restriction on what kind of things can be promoted. The look, feel and tone of these sites ensures that everyone from clothing sellers to software app manufacturers and property agents are using them for promotional purposes. Tumblr and Pinterest are mainly about picture posts, and you can use them to publish images of properties available for sale or purchase.

Be a regular contributor

You can hardly hope to grab eyeballs with infrequent posts. Plan a schedule and stick to it regularly. Even if you cannot post everyday, there is no reason to worry about. Posting every alternate day or on 4 days of the week can be good enough. With regular tweets and posts, you can get a sizable number of followers waiting for your next posts.

Post Property Videos

Property videos are important for first-time viewers. These save a lot of time and money on the part of buyers, real estate agents and property developers due to wasted property showings. You can embed these videos onto Facebook and video-blogging platforms like YouTube, and link them back to your own real estate agent website. You may also email the URL links to existing and potential clients to view at some other time.

Interact as much as possible

Whenever you get a positive post, reply to it and build a rapport with your users. The greater the level of interaction, the more you will be able to strike relationships with social media users and get many of them interested in what you have on offer for sale or purchase. Users can find out which properties you represent and contact you immediately if you happen to be interested. Do not forget to share your contact details for public viewing.