FEBRUARY 2019
1428 West 7th Vancouver BC V6H 1C1
JOSH MULHERIN | 778.772.9254 REALTOR® | Listing Specialist | Neighbour Josh@LifeInTheCove.com
REAL ESTATE MARKET REPORT
W W W . L I F E I N T H EC OV E . C O M
DESPITE A SLOWER MARKET IN 2018, BOTH MEDIAN AND AVERAGE PRICES ARE UP Y-O-Y (MEDIAN +$214,000 & AVERAGE +$250,999) Deep Cove 2018 Year-End Review
$
Average Sold Price
2018 AV E R AGE: $2,106,113
2018 AV E R AGE: $804
Low: $1,162,500 • High: $5,500,000
Low: $436• High: $1,650
2017 AV E R AGE: $1,855,114 Low: $1,028,000 • High: $4,025,000
Average Price per Square Foot
2017 AV E R AGE: $758 Low: $467 • High: $1,332
2018
Number of Homes Sold
Deep Cove Turnover
Average Days on Market
Avg. Sold Price /List Price Ratio
23
2.3%
37
96.0%
5 F E W E R HOM E S SOL D T H A N 2017
PE RC E N TAG E OF DE E P COV E HOM E S SOL D I N 2018
L OW: 4 / H IG H: 163 11 DAY S L ONG E R T H A N 2017
L OW: 85.4% / H IG H: 103.9% 1.3% L OW E R T H A N 2017
Johnathan and Angela-Marie, Deep Cove, and Metro Vancouver in general, experienced an adjustment in its real estate market in 2018, and it is now especially important to accurately price and properly present and market your property if you’re considering selling. Call Josh today at 778.772.9254 to find out how he will help you maximize your home’s selling potential! Reflects data from the REBGV from January 1st through December 31st, 2017 and 2018. Deemed accurate but not guaranteed.
DO YOU KNOW YOUR HOME’S NEW VALUE? W W W . L I F E I N T H E C OV E . C O M YOUR HOME'S VALUE WILL BE BASED ON SEVERAL KEY FACTORS: Home Sales in Deep Cove for the past six months, square footage, views, location, special features and renovations that set your home apart, and other active comparables that will factor into pricing.
PREPARED ESPECIALLY FOR
Johnathan and Angela-Marie Williams PRESENTED BY JOSH MULHERIN
Your Deep Cove Listing Specialist and Neighbour
www. L ife i n t he c ove.com
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REALTOR® | Listing Specialist | Neighbour Josh@LifeInTheCove.com
W W W . L I F E I N T H EC OV E . C O M
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This market report was created especially for you. Want to know the value of your home? For your free Comparative Market Analysis, call Josh Mulherin at 778.772.9254.
HOMES CURRENTLY LISTED IN DEEP COVE
HOW DOES DEEP COVE COMPARE?
Beds
Baths
*Interior SF
Lot Size
List Price
Interior Price/SF
DOM
List Month
3
2
1,471
8,525
$1,299,000
$883
82
November
3
2
1,950
9,512
$1,329,000
$682
125
September
3
2
1,570
6,000
$1,498,800
$955
125
September
N/A
N/A
9,709
N/A
$1,499,000
N/A
141
September
4
2
2,104
8,158
$1,545,000
$734
100
October
3
3
2,643
6,000
$1,799,000
$681
91
October
5
4
2,916
6,000
$1,848,800
$634
2
January
4
3
1,872
30,709
$1,988,000
$1,062
106
October
5
3
2,723
8,144
$1,998,000
$734
84
October
YEAR OVER YEAR
HOMES SOLD IN DEEP COVE IN THE LAST 4 MONTHS
Sold Price Range
Deep Cove 2017
Deep Cove 2018
Dollarton 2017
Dollarton 2018
Indian River 2017
Indian River 2018
$1,028,000$4,025,000
$1,162,500$5,500,000
$1,350,000$11,100,000
$1,325,000$5,200,000
$1,250,000$2,119,000
$1,025,500$1,800,00
Sold Price Per Foot Average
$758
$804
$744
$781
$578
$572
Average SP/LP
97%
96%
96%
95%
98%
98%
Average Days on Market
26
37
49
28
16
19
Reflects data from the REBGV from January 1st through December 31st, 2017 and 2018. Deemed accurate but not guaranteed.
Beds
Baths
*Interior SF
Lot Size
Sold Price
Interior Price/SF Sold Date
DOM
SP/LP %
5
5
4,042
11,588
$5,500,000
$1,361
12/08/18
163
93%
5
3
2,625
7,345
$1,365,000
$520
11/24/18
10
85%
3
2
2,000
8,250
$3,300,000
$1,650
10/25/18
111
87%
3
3
2,884
16,650
$2,550,000
$884
09/22/18
10
93%
Josh Mulherin, The RE/MAX Collection, and RE/MAX Crest Realty do not imply that this is in any way an official advertisement or publication of Deep Cove. © 2019 All rights reserved. This representation is based on data reported as of January 23rd, 2019 by multiple brokers/agents to the Real Estate Board of Greater Vancouver (REBGV). This information is not intended to represent any existing listings but is general marketing information based on REBGV data, however, neither RE/MAX Crest Realty, REBGV nor its MLS® guarantees the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor is it intended to cause or induce a breach of an existing agency agreement. If you do not wish to receive any further newsletter correspondence, please contact me by email or telephone. Each office independently owned and operated. * Interior SF is defined as heated living space.
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Proudly donating a portion of all remuneration to this great cause. Published by REAL Marketing (REM) | www.REALMarketing4You.com | 604.841.1739 | ©2019
certainly wasn’t the case when I asked Josh experienced. My property sold very quickly and Mulherin to list my property. Josh delivered at a price much higher than I anticipated. I am a value proposition that far exceeded my certainly going to recommend Josh’s services to expectations. His professional services and my friends and family.”