Gautam Arora Realtor

08/09/2023

The July stats from the Real Estate Board of Greater Vancouver are out. Let’s dive into the details! 🏘️

As Metro Vancouver’s limited levels of housing inventory continue to be challenged by robust sales numbers, home prices across all property types increased once more in July. 🤔

The July sales are almost about a 30% increase over a year (1,904 in July 2022 to 2,455 in July 2023), which is definitely significant, while sales remain about 15% below the 10-year average. Last July marked the point when the Bank of Canada announced their ‘super-sized’ increase to the policy rate of one full percent, catching buyers and sellers off guard and putting a chill on market activity at that time. Considering the sales from June 2023, the sales have gone down in all the segments.💥

This completely shows that we are slowly shifting towards a balanced market at the moment. The sales-to-active ratio for all property types for July 2023 had a dip to 24.9% from 31.4% last month, whereas for individual segments, see below:

- Detached- Sales-to-active ratio: 16.5%
- Townhouses- Sales-to-active ratio: 32.0%
- Apartments- Sales-to-active ratio: 30.6%

According to historical data, the buyers market is when the sales-to-active ratio is below 12% and the sellers market is anything over 20% sales-to-active ratio. Might be wondering, what about 12% - 20%? - this situation is considered a balanced market. 💁‍♂️

Benchmark prices in each segment have increased as compared to last month. See details below for each property type:

- Detached- $2,012,3900 (1.1% increase as compared to June 2023)📉
- Townhouses- $1,104,600 (0.5% increase as compared to June 2023)📉
- Apartments- $771,600 (0.6% increase as compared to June 2023) 📉

Well, what does that mean? It shows that the prices are increasing (but not at a very high percentage), the detached house market is already in a balanced market situation and the other two are pretty far from a balanced market situation but had a good dip from last month. My advice to you will be: act quick, make the decision now and don’t wait for the next interest announcement on September 06, 2023. 🤩🎖️

All we have to decide is what to do with the time that is given to us. Let’s catch up for a coffee and discuss your path towards buying or selling a house. I look forward to the opportunity of working with you and exceeding your expectations. 💫 😇

Gautam Arora, REALTOR®
📲 778-855-9036
📩 [email protected]
🌐 Homesbygautam.ca

07/15/2023

I will be helping Bridgewell Real Estate Group to host an Open House from 1PM-3PM for their latest listing this weekend.

1908 3080 LINCOLN AVENUE, COQUITLAM

- $788,000 Listing price
- 2 Bed and 2 Bath 🛏️ 🛀
- 865 Sqft 📐
- 2016 built
- 1 Parking stall and 1 Storage locker 🅿️
- Corner unit with the open view of the city and treed park area 🤩
- Don’t forget the resort style amenities🏋️‍♂️🧘‍♂️🚴🪩
-
https://bridgewellgroup.ca/1908-3080-lincoln-avenue-coquitlam/

So don’t miss on this one.😇 Feel free to come checkout during the Open House or book a private showing. Give me a call at +1 (778) 855-9036 for more details. 📲

07/07/2023

Wondering why house prices in Metro Vancouver are skyrocketing? 💹

Well, the June stats from the Real Estate Board of Greater Vancouver are out and explains us the situation in detail. Let’s dive into the details! 🏘️

Despite the higher interest rate, there's still a shortage of resale inventory relative to the number of buyers in Metro Vancouver and that’s why we see prices increasing month by month across all segments (Apartments, Townhouses and Detached houses). 📈

This completely shows that we are in the sellers market at the moment. The sales to active ratio for all property types for June 2023 was 31.4%, whereas for individual segments, see below:

- Detached- Sales to active ratio: 20.9%
- Townhouses- Sales to active ratio: 38.5%
- Apartments- Sales to active ratio: 39.4%

Might be wondering what’s the sales to active ratio? - It’s basically Sales divided by Active Listings in each segment.🌟

Benchmark prices in each segment have increased as compared to last month. See details below for each property type:

- Detached- $1,991,300 (1.3% increase as compared to May 2023)
- Townhouses- $1,098,900 (1.5% increase as compared to May 2023)
- Apartments- $767,000 (0.8% increase as compared to May 2023)

Well, what does that mean? It shows that the prices are increasing, the detached house market is close to a balanced market situation and the other two are pretty far from a balanced market situation. My advice to you will be: don’t wait and sit in a corner for a dip (what if we don’t get it anytime soon); rather, make the decision now. 🤩🎖️

All we have to decide is what to do with the time that is given to us. Let’s meet up for a coffee and discuss your path towards buying or selling a house. I look forward to the opportunity of working with you and exceeding your expectations. 💫 😇

Gautam Arora, REALTOR®
📲 778-855-9036
📩 [email protected]

06/26/2023

What are your Real Estate Goals? 🏡💸
Whether you’re looking to buy your dream home, sell for a profitable return, or invest for long-term financial gains, I’ve got you covered! 💰🏦
Reach out to me today to help you navigate the current real estate market and find your dream home. Contact me today. 📲 💫
Gautam Arora, Realtor
Blue West Realty
P: +1 (778) 855-9036
E: [email protected]

06/16/2023

I have some tea for your timeline ☕️

I heard there’s a new realtor who has entered the Real Estate market. GUESS WHO? That’s me! 😇

I'm excited to bring a prospective to the Greater Vancouver and Fraser Valley real estate scene. 💫

I have been working for a real estate firm as an Administrative Assistant for the last 2 years, which has given me a lot of exposure to how things work. I’m passionate about helping individuals like you find their dream homes or make wise investments in the ever-evolving market. 🏠

I’m here to help you find your dream home, whether you're a first time home buyer, looking for an upgrade, a presale, or a sale.🗝️ I’m here to guide you every step of the way! 👋🏼

Beyond my expertise, I believe in building long-lasting relationships with my clients based on trust, transparency, and open communication. I take the time to listen to your unique needs, preferences, and goals, tailoring my approach to suit your specific requirements. Together, we will navigate the real estate landscape and achieve your desired outcomes. 🙌🏻

Let’s connect and start turning your real estate dreams into realty.🤝

Send me all the love and tips.💟

P: (778) 855-9036
E- [email protected]
Instagram- the.batman.returns

Don't keep me a secret... As your "Friend in Business.".
Please feel comfortable introducing me to your family, friends, and neighbours!

Licensed Real Estate Agent � Interlink Realty!