Josh Mulherin & Michael McWilliams - Marinaside - January 2019

1428 West 7th Vancouver BC V6H 1C1

MARINASIDE HOMES A Q UA R I U S | C R E S T M A R K | M A R I N A S I D E R E S O RT

JOSH MULHERIN

P E N I N S U L A | Q UAY W E S T R E S O RT

MICHAEL MCWILLIAMS

REALTOR®

Personal Real Estate Corporation

778.772.9254

778.688.4444

Josh@MarinasideHomes.com

Michael@MarinasideHomes.com

J a n u a r y 2 019 R e a l E s t a t e M a r k e t R e p o r t

W W W. M A R I N A S I D E H O M E S . C O M

2018 HOME SALE PRICES FOR MARINASIDE HOMES Marinaside 2018 Year-End Review - Condos and Townhomes

$

Average Sold Price

2018 AVERAGE: $1,420,062

2018 AVERAGE: $1,392

Low: $659,900 • High: $3,425,000

Low: $1,003 • High: $2,365

2017 AVERAGE: $1,556,140 Low: $665,000 • High: $4,250,000

Average Price per Square Foot

2017 AVERAGE: $1,402 Low: $1,031 • High: $2,064

2018 PERCENTAGE OF MARINASIDE HOMES SOLD IN 2016: 68

Number of Homes Sold

Marinaside Turnover

Average Days on Market

Avg. Sold Price /List Price Ratio

56

3.5%

24

98.4%

21 FEWER HOMES SOLD THAN 2017

PERCENTAGE OF MARINASIDE HOMES SOLD IN 2018

LOW: 0 / HIGH: 158 11 DAYS LONGER THAN 2017

LOW: 80.4% / HIGH: 118.9% 3.2% LOWER THAN 2017

Jonathan and Angela-Marie, Marinaside, and 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 us today at 778.772.9254 or 778.688.4444 to find out how we will help you maximize your home’s selling potential!

Reflects data from the REBGV from January 1st through December 17th, 2017 and 2018. Deemed accurate but not guaranteed.

PRESENTED BY Josh Mulherin and Michael McWilliams Your Marinaside Homes Real Estate Specialists

HOME VALUES HAVE CHANGED, BUT REMAIN RELATIVELY HIGH! DO YOU KNOW YOUR HOME’S NEW VALUE? www.MARINASIDEHOMES.com YOUR HOME'S VALUE WILL BE BASED ON SEVERAL KEY FACTORS: Home Sales in Marinaside for the past six months, square footage, views, location, special features, renovations that set your home apart, and other active comparables that will factor into pricing.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 604.841.1739 | ©2019

P R E PA R E D E S P E C I A L LY F O R

Jonathan and Angela-Marie Williams

MARINASIDE HOMES MARKET REPORT

CLIENT TESTIMONIAL

JOSH MULHERIN

MICHAEL MCWILLIAMS

REALTOR®

Personal Real Estate Corporation

778.772.9254 Josh@MarinasideHomes.com

“In our initial meeting with Josh, he was confident, informed, and willing to listen to our points of view. He also presented a ‘Comparative Market Analysis’ which gave a detailed description of the market we were selling into. Josh helped with staging our condo in a way that maximized its potential. During the course of the sale, up until completion, Josh worked tirelessly to keep us informed throughout the process and ensured our expectations were communicated.

We would wholeheartedly recommend Josh Mulherin without hesitation, as a dedicated and hardworking Realtor who has your best interests in mind.” -G & G

778.688.4444

Michael@MarinasideHomes.com

W W W. M A R I N A S I D E H O M E S . C O M

MARINASIDE | 2018 MARKET ACTIVITY 1

AQUARIUS

$1.2M AVG. SOLD PRICE $1,333 AVG. PRICE PER SQFT 98% AVG. SP/LP RATIO

2

3

CRESTMARK

1

$1.7M AVG. SOLD PRICE $1,449 AVG. PRICE PER SQFT 99% AVG. SP/LP RATIO

3

5

4

MARINASIDE RESORT

$1.5M AVG. SOLD PRICE $1,395 AVG. PRICE PER SQFT 97% AVG. SP/LP RATIO

4

PENINSULA

$1.3M AVG. SOLD PRICE $1,381 AVG. PRICE PER SQFT 99% AVG. SP/LP RATIO

5

2

AQUARIUS | CRESTMARK | MARINASIDE RESORT PENINSULA | QUAYWEST RESORT Dear Jonathan and Angela-Marie, If you want to know to know what your home would sell for in the current market, contact us today for your free Comparative Market Analysis.

Call Josh Mulherin at 778.772.9254 or Michael McWilliams at 778.688.4444.

H o m es C u rren t l y L i st ed i n Marin as ide Status Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active

Development Aquarius Aquarius Aquarius Aquarius Aquarius Aquarius Aquarius Aquarius Crestmark Crestmark Crestmark Marinaside Resort Marinaside Resort Marinaside Resort Marinaside Resort Peninsula Quaywest Resort Quaywest Resort Quaywest Resort Quaywest Resort Quaywest Resort Quaywest Resort

Beds 1 1 1 1 2 2 2 3 1 2 2 1 2 2 2 2 1 2 2 2 3 2

Baths 1 1 1 1 2 2 2 2 1 2 2 1 2 2 3 2 1 2 2 2 2 2

List Price $699,000 $799,800 $828,000 $989,000 $999,900 $1,039,000 $1,430,000 $1,968,000 $719,000 $1,399,000 $1,889,000 $948,000 $1,275,000 $1,329,000 $1,830,000 $1,475,000 $735,000 $1,398,000 $1,549,000 $1,589,000 $2,138,000 $2,280,000

Price Per Sq Ft $1,329 $1,112 $1,145 $1,286 $1,130 $1,174 $1,429 $1,545 $1,331 $1,330 $1,608 $1,350 $1,259 $1,284 $1,366 $1,507 $1,263 $1,434 $1,450 $1,518 $1,650 $1,797

Days on Market 195 26 76 48 34 55 96 49 18 14 75 94 56 27 90 63 58 39 31 56 56 73

Mo st R ecen t H o m es S o l d i n Ma r in as ide

QUAYWEST RESORT

$1.1M AVG. SOLD PRICE $1,385 AVG. PRICE PER SQFT 98% AVG. SP/LP RATIO Reflects data from the REBGV from January 1st, 2018 through December 17th, 2018.

Deemed accurate but not guaranteed.

Approx.

Square Feet 526 719 723 769 885 885 1,001 1,274 540 1,052 1,175 702 1,013 1,035 1,340 979 582 975 1,068 1,047 1,296 1,269

© 2019 Google

A visual representation of the MLS data on the right page..

Jonathan and Angela-Marie, Our marketing is representative of the time, effort, and money you have spent in obtaining and maintaining your home. If you are looking to sell, let us help you achieve exceptional results. Call us today at 778.772.9254 or 778.688.4444.

Status Sold Sold Sold Sold Sold Sold Sold Sold

Development Aquarius Crestmark Crestmark Marinaside Resort Marinaside Resort Quaywest Resort Quaywest Resort Quaywest Resort

Beds 2 1 1 2 2 1 1 3

Baths 2 1 1 2 2 1 1 2

Approx.

Square Feet 1,000 620 565 1,223 1,009 776 570 1,286

Sold Price $1,210,000 $660,000 $660,000 $1,880,000 $1,487,450 $778,000 $729,000 $2,210,000

Price Per Sq Ft $1,210 $1,065 $1,168 $1,537 $1,474 $1,003 $1,279 $1,719

SP/LP 89% 99% 99% 90% 99% 97% 99% 93%

Sold Date 10/25/18 10/27/18 10/24/18 11/28/18 10/19/18 11/26/18 11/22/18 11/01/18

Days on Market 16 12 9 68 1 20 38 10

Josh Mulherin, Michael McWilliams, The RE/MAX Collection, and RE/MAX Crest Realty do not imply that this is in any way an official advertisement or publication of RE/MAX®. © 2019 All rights reserved. This representation is based on data reported as of December 17th, 2018 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.