Trends in the Luxury Home Market

The Luxury Home Council recently released the The 2007 Membership Survey of Luxury Housing Market Trends* While the survey is excellent and the information useful I thought I might uncover a few secrets here that might change the way I recommend marketing to high end clients, but there were really no surprises. If you only…

Guess How Many Houses Are Sold Each Year in Canada?

Between 2004 and 2006 an average of 476,063* homes changed hands annually through the Multiple Listing Service® of real estate Boards across Canada. According to the Economic Impact of MLS Home Sales in Canada commissioned by the Canadian Real Estate Association (CREA) and conducted by Altus Clayton- Division of Altus Group Limited for release June…

Most Expensive Property For Sale in the U.S.

The most expensive property for sale in the United States is the Hala Ranch, asking price is $ 135 million, located northwest of Downtown Aspen, Colo. The current owner is the family of Prince Bandar bin Sultan, the former ambassador to the United States form Saudi Arabia. Joshua Saslove, principal of Joshua Inc., which has…

The Five Key Factors in Selling A Home

There are more than 5 key factors that influence the sale of your home and the order is not as important as considering all of them when you are selling and pricing a home. You have all heard the most important factor in selling a home is location, location, location, but there are four others…

Five Reasons Why Good Houses Perform Like Bad Houses

There are probably as many reasons as there are buyers for why some homes don’t sell as quickly as others, but here are what I think are the top 5! 1) Poor Location Regardless of how much you disguise a poor location in photos and copy, if a house is in a bad location it…

Open Houses in North and West Vancouver

I am trying a little experiment to see how many people in my area search for open houses on the internet. If you found this marketing blog while searching for open houses in West and North Vancouver then it was a success. For more information and current open house listings go to my West Vancouver…

Real Estate Photos

There was great article on February 11, 2007 in the New York Times real estate section titled “Making Every Pixel Count” written by Vivian S. Toy. She reported that 80% of people use the internet in their house buying search as reported in the National Association of Realtors Technology survey. The article correctly pointed out…

Remodel or Move?

There is a great web site called Remodel Estimates that is worth a look if you are considering a renovation. It requires a US Zip Code so I used 98009 which is the city of Bellevue, a suburb of Seattle. My sample renovation was to finish a 750 sq. ft. basement of a $ 500,000…

What does $ 18.2 Million Get You in Vancouver

Not as much as it used to. The most expensive home in Vancouver if not all of Canada was listed yesterday at $ 18.2 million. Click here for the MLS listing if you don’t believe me. I did my “guzintas” and that is $ 2,362 per square foot but I forgot it includes: Boat slip…

How Consumers Choose a Realtor

You might find the results of this survey by House Values in the U.S. interesting. To start with, 76.39% of the home buyers and 79% of home sellers surveyed used a real estate agent during their last purchase or sale. Of those who did hire an agent, the majority of home buyers chose their agent…

Income Required to Buy a Home in Greater Vancouver May 2007

I live in Vancouver and it never ceases to amaze me how hot the real estate market is. To put it into perspective for readers outside of Vancouver following are some sobering statistics: Property Type – Single detached Benchmark Price – $ 653,616 Annual Income Required – $ 172,299 Property Type – Townhouse Benchmark Price…

Buy it, Fix it, Flip it?

There are more reality TV shows about by flipping houses than ever before and I am sure everybody has seen at least one and thought “I could do that”. I know I am always tempted, but the shows don’t tell the whole story. The biggest problem is they over-simplify the math. While I am no…