Dan Muzzin CA

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1 Dan Muzzin CA www. August A Fresh Perspective In this issue: market update wildfires and insurance great value FireSmart Canada selected sales details market update The Real Estate Board of Greater Vancouver (REBGV) reported total MLS residential property sales of, units in y, representing % fewer sales than in June, and % lower than in y. Housing demand is inconsistent across the region at the moment as pockets of the market are still receiving multiple offers and others are struggling to get any offers at all. At,, the total number of residential property listings at y was about % more than at the end of June, and about more than at the end of y. At %, the metro MLS sales-to-active-listings ratio was % lower than in June. % % % North Shore units sold as % of acve lisngs % % Balanced Market Sellers Market Buyers Market % North Shore home sales in y, at units, were % lower than the properties sold in June, and % fewer than the sold in y. The sales-to-active-listings ratio on the North Shore stumbled to %, from % in June, reflecting % lower-than-normal sales for y and % fewer listings than the normal # of properties for sale as at the end of y. The North Shore houses that did sell In y took an average of weeks to sell, week longer than it took for those that sold in June, and weeks less than the average of weeks it took for houses that sold in y. At y, there were, North Shore properties listed for sale on MLS or % more than the, listings at the end of June, and % more than the units for sale at y,. Benchmark prices of houses are slightly higher by less than % in and are lower by % in, from months ago. As prices and market conditions can vary dramatically by neighbourhood, feel free to call Dan to better understand how the market is doing where YOU live. For the entire y REBGV market report, visit If you find a property you love and you can afford it, it s ok to buy it regardless of market conditions. You will be living in a home you really like and can pay for. Marine Drive BC Canada VV H

2 a Parent s Guide to Raising Money-Smart kids published by the Canadian Institute of Chartered Accountants for a free copy of this marvelous booklet, call Dan at -- or go to /resources.html wildfires and insurance Wildfires are burning across our province, with evacuation orders and alerts affecting thousands of people. As a homeowner or a homebuyer, it s important to understand how you may be affected in times of crisis. Firstly, it's important to know that existing insurance policies and renewals aren t affected when disasters strike. Secondly, while insurance underwriters follow their own companies guidelines, expect that where evacuation orders or alerts exist, it s unlikely new insurance policies will be approved until the threat eases. Some companies may also restrict new policies based on proximity to fires, even when no evacuation orders or alerts have been declared. Changes to insurance policies, such as requested increases to coverage limits, may also be declined. Thirdly, insurance for properties in unprotected fire districts is more expensive than in protected fire districts. An unprotected fire district is an area without fire hydrants and a fire department. When purchasing a property, to protect yourself, consider including in your offer the Subject to Fire/Property Insurance clause developed by the Real Estate Council of BC: This offer is subject to the Buyer obtaining approval for fire/property insurance, on terms and at rates, satisfactory to the Buyer, on or before [ date ]. This condition is for the sole benefit of the Buyer. Occasionally you may experience difficulty obtaining insurance. If so, contact several insurance providers as they may have different approaches and criteria. In areas where you are unable to obtain insurance get legal advice before you purchase. great value FireSmart Canada FireSmart is living with and managing for wildfire on our landscape. Preparing for the threat of wildfire is a responsibility shared by homeowners, industry and government, to lessen the effects of wildfires. Wildland Urban Interface is a popular term used to describe an area where structures and forested areas meet, that is, where the urban lifestyle meets environments that are prone to wildfire. By choosing to extend our lifestyle and communities further into forested areas, we become more exposed to the danger of wildfire. FireSmart Canada helps us understand the potential of wildfire affecting our homes and our communities. Some very helpful information can be found at For other related useful material Tips and information about fire safety from Insurance Bureau of Canada after clicking on the above link, be sure to scroll down the page to Information on evacuation orders and alerts from Emergency Info BC this communication is not intended to cause or induce breach of an existing agency agreement

3 The following charts show the inventory of North Shore homes for sale on the last day of each month from y to y, and the sales for each month. ac*ve lis*ngs (at month end) units sold Units Sold Sep- Nov- Jan- Mar- May- - Sep- Nov- Jan- Mar- May- - - Sep- Nov- Jan- Mar- May- - Sep- Nov- Jan- Mar- May- - Units For Sale At in total, North Shore residential property sales in y were % fewer than in June and represents a sales level that is % fewer than is usual for the month of y. At,, the # of properties for sale on the North Shore at the end of y increased by % from June, to a level that remains % lower than is usual for the end of y. - Sep- Nov- Jan- Mar- May- - Sep- Nov- Jan- Mar- May- - - Sep- Nov- Jan- Mar- May- - Sep- Nov- Jan- Mar- May- -

4 # of North Shore properties for sale at y, (on MLS ) () avached/apts () () avached/apts () Blueridge - BL Boulevard - BD Braemar - BR Calverhall - CV Canyon Heights - CY Capilano NV - CA Central Lonsdale - CL Deep Cove - DC Delbrook - DE Dollarton - DO Edgemont - ED Forest Hills - FH Grouse Woods - GW Hamilton - HM Hamilton Heights - HH Indian Arm - IA Indian River - IR Lower Lonsdale - LL Lynn Valley - LV Lynnmour - LY Norgate - NG Northlands - NL Pemberton Heights - PH Pemberton NV - PN Princess Park - PP Queensbury - QU Roche Point - RP Seymour - SY Tempe - TE Upper Delbrook - UD Upper Lonsdale - UL Westlynn - WL Westlynn Terrace - WT Windsor Park - WP Woodlands-Sunshine - WS Dan Muzzin Macdonald Realty Ltd. -- Altamont - AL Ambleside - AM Bayridge - BR BriXsh ProperXes - BP Canterbury WV - CB Caulfeild - CA Cedardale - CD Chartwell - CW Chelsea Park - CP Cypress - CY Cypress Park Estates - CE Deer Ridge WV - DR Dundarave - DU Eagle Harbour - EH Eagleridge - ER Furry Creek - FC Gleneagles - GL Glenmore - GM Horseshoe Bay WV - HB Howe Sound - HS Lions Bay - LB Olde Caulfeild - OC Panorama Village - PV Park Royal - PR Porteau Cove - PO Queens - QU Rockridge - RR Sandy Cove - SC SenXnel Hill - SH Upper Caulfeild - UC West Bay - WB Westhill - WH Westmount WV - WM Whitby Estates - WE Whytecliff - WC Dan Muzzin Macdonald Realty Ltd. --

5 properties sold during the month, as a % of properties for sale at end of the month Dan Muzzin Macdonald Realty Ltd % acached - % - % acached - % % % % % % % Sellers Market % Balanced Market Buyers Market units sold as % of ac<ve lis<ngs % % average # of weeks it took for houses to sell weeks avg # weeks to sell ( houses) weeks

6 do housing conditions in your neighbourhood favour sellers, buyers or are they in balance? single-family houses sold in y, as % of the number of houses for sale at y, Sellers Market Balanced Market Buyers Market Blueridge % % % % % % % % % % % % % % % % % % % Boulevard Braemar Calverhall Canyon Heights Capilano NV Central Lonsdale Deep Cove Delbrook Dollarton Edgemont Forest Hills Grouse Woods Hamilton Hamilton Heights Indian Arm Indian River Lower Lonsdale Lynn Valley Lynnmour Norgate Northlands Pemberton Heights Pemberton NV Princess Park Queensbury Roche Point Seymour Tempe Upper Delbrook Upper Lonsdale Westlynn Westlynn Terrace Windsor Park Woodlands-Sunshine North Van Total % % % % % % % % % % % % % % % % Altamont Ambleside Bayridge BriVsh ProperVes Canterbury WV Caulfeild Cedardale Chartwell Chelsea Park Cypress Cypress Park Estates Deer Ridge WV Dundarave Eagle Harbour Eagleridge Furry Creek Gleneagles Glenmore Horseshoe Bay WV Howe Sound Lions Bay Olde Caulfeild Panorama Village Park Royal Porteau Cove Queens Rockridge Sandy Cove SenVnel Hill Upper Caulfeild West Bay Westhill Westmount WV Whitby Estates Whytecliff West Van Total

7 compare Sales and Listings for the month of y units sold monthend listings units sold monthend listings Dan Muzzin Macdonald Realty Ltd... Dan Muzzin Macdonald Realty Ltd... Dan Muzzin Macdonald Realty Ltd... Dan Muzzin Macdonald Realty Ltd... average average average average Dan Muzzin Macdonald Realty Ltd... Dan Muzzin Macdonald Realty Ltd... Dan Muzzin Macdonald Realty Ltd... Dan Muzzin Macdonald Realty Ltd... total Dan Muzzin Macdonald Realty Ltd..., total Dan Muzzin Macdonald Realty Ltd... total Dan Muzzin Macdonald Realty Ltd... total Dan Muzzin Macdonald Realty Ltd...,,,,

8 Lynn Valley housing snapshot y, For a housing snapshot of your neighbourhood call Dan Lynn Valley Dan Muzzin Macdonald Realty Ltd... average selling price # houses for sale at end of month # houses sold each month, $,,, weeks Lynn Valley avg # weeks to sell ( houses),, Sellers Market Balanced Market Buyers Market % % % % % % % % % % % % % % % % % % % Blueridge Boulevard Braemar Calverhall Canyon Heights Capilano NV Central Lonsdale Deep Cove Delbrook Dollarton Edgemont Forest Hills Grouse Woods Hamilton Hamilton Heights Indian Arm Indian River Lower Lonsdale Lynn Valley Lynnmour Norgate Northlands balanced market units sold as % of liswngs at month end Pemberton Heights Pemberton NV Princess Park Queensbury Roche Point Seymour Tempe Upper Delbrook Upper Lonsdale Westlynn Westlynn Terrace Windsor Park Woodlands-Sunshine North Van Total

9 sales details for selected neighbourhoods,, $" "average"selling"price" "#"houses"for"sale"at"end"of"month" "#"house"sales"for"month" " J" F" Blueridge Dan Muzzin Macdonald Realty Ltd...,,, Boulevard Dan Muzzin Macdonald Realty Ltd..., $,,,, $,,,,,, Deep Cove Dan Muzzin Macdonald Realty Ltd... Forest Hills Dan Muzzin Macdonald Realty Ltd...,,, $,,,, $,,,, Canyon Heights Dan Muzzin Macdonald Realty Ltd...,,, $,,,, Lynn Valley Dan Muzzin Macdonald Realty Ltd...,,, $,,,, Central Lonsdale Dan Muzzin Macdonald Realty Ltd..., Edgemont Dan Muzzin Macdonald Realty Ltd...,,, $,,,,, $,,,,, Upper Delbrook Dan Muzzin Macdonald Realty Ltd..., Upper Lonsdale Dan Muzzin Macdonald Realty Ltd...,,, $,,,,, $,,,

10 sales details for selected neighbourhoods $" "average"selling"price" "#"houses"for"sale"at"end"of"month" "#"house"sales"for"month" " Altamont J" $ F" Dundarave Dan Muzzin Macdonald Realty Ltd..., Dan Muzzin Macdonald Realty Ltd... $,, Ambleside Dan Muzzin Macdonald Realty Ltd...,,,, $,,,,,,,, Eagle Harbour $ Dan Muzzin Macdonald Realty Ltd...,,,,,, Bri;sh Proper;es Dan Muzzin Macdonald Realty Ltd..., Caulfeild Dan Muzzin Macdonald Realty Ltd...,,,,,,,,, $,,, $,,,,,,,,, Lions Bay Dan Muzzin Macdonald Realty Ltd... Sen;nel Hill Dan Muzzin Macdonald Realty Ltd...,,,,,,, $,,,,, $,,,, dan@ Chartwell Dan Muzzin Macdonald Realty Ltd...,,,, $,,,, This communication is not intended to cause or induce breach of an existing agency agreement Whitby Estates Dan Muzzin Macdonald Realty Ltd...,, $,,,,