This past weekend at our annual Trafalgar Elementary School Pumpkin Patch Fundraiser Event we raised $2300 with 100% collected going towards cancer research and treatment options (BC Cancer Foundation) and for Trafalgar Elementary School (PAC). Thanks to you and all your neighbours who came out to support this annual event and once again make it a success! The infamous white witch is still alive and kicking, the popular ghoul in a coffin, the popcorn, and healthier treats and toys, all made the patch fun for all!
See more photos at: www.pospischilrealty.com/community/ or https://www.facebook.com/PospischilRealtyGroup/
This past weekend Adam and I once again had the pleasure of participating in the annual Ride To Conquer Cancer. Over two days we rode from Vancouver to Hope covering 230 km of gorgeous landscape. The new route to Hope is beautiful and winds through quaint country roads, farms, and cute townships. It winds from Cloverdale through Abbotsford to Chilliwack where our overnight camp was situated. Then the next day we crossed over the Fraser River into Agassiz, and onto our final destination in Hope. Overnight accommodations were tiny two-man tents which certainly do the job, as long as you are shorter than 6′ and enjoy a firm sleeping surface. Over 1100 tents filled a field of tired cyclists, we were in the blue tent hahaha (see back side picture). Of course, the ride organizers shipped our mats and sleeping bags to camp for us, thankfully we didn’t need to carry those on our bikes.
Our bikes are stored in a gigantic orange barn, and the fairway at camp is filled with food stops, freebie souvenirs from Ride sponsors, a massage tent (if you get there early enough to sign up), loads of snacks including fresh tomatoes & cucumbers, apples and oranges, and pretty well any refreshment known to man from Pellegrino’s to chilled wines.
The new caterer at camp (Peake Catering) had some great food this year from fabulous Quinoa salads, to Tofu Stir-fry, and tables of desserts. Red Truck Brewing once again supplied the riders with cold lagers and summer ales to quench their thirst at the overnight camp.
Our sincere thanks to all of you that generously supported our fundraising efforts over the past 12 months! Because of you, I am proud to announce, Pospischil Realty Group has now raised over $340,000 in total over the past 11 years of The Ride. This year along with 2200 other riders, we helped raise $9.1 million towards cancer research and treatment options right here in BC. Over the past 11 years the Ride To Conquer Cancer has raised $105.1 million for the BC Cancer Foundation. The monies raised by your donations over the years has led to dozens of breakthroughs in the ongoing battle with cancer and allows BC to lead the world in research and treatments.
As a cancer survivor myself I know the challenges cancer patients and their families face in their journey through diagnoses, treatments, and the roller coaster of emotions towards the finish line. Our annual ride reminds me personally of my past challenges and enables me, and those that joined us through their support, to help push the boundaries of research and treatments to help those on the journey today, and in the future. And perhaps one day we can celebrate a victory in a cure to cancer.
If you would like to support us in next year’s 2020 Ride To Conquer Cancer, we have just setup our donations link on our home page and welcome any online donations. Every dollar makes a difference! Please go the link on our home page and support this great cause.
MARKET UPDATE – SPRING 2015 As I predicted last fall, we have had one of the busiest Spring Market’s on record. March activity was up 38% compared to the same month last year. And detached house prices have been on a steep climb on both the Westside and Eastside. The offshore market is back at full strength for large Westside lots, and the local market has exploded creating a feeding frenzy on Westside entry-level homes, half duplexes, and Eastside houses.
The best way to follow the pricing in our market is to look at the Housing Price Index (*HPI). So, in summary, here is a snap shot of what happened the first three months of 2015:
* The HPI benchmarks represent the price of a typical property within each market. The HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. These features become the composite of the ‘typical house’ in a given area.
While sales are increasing, the new listings are decreasing further feeding the rise in prices. This increasing Sales/Listings ratio creates the perfect opportunity to list. If you look at the graphs below you can see how our market pricing is rapidly climbing this year.
Why are prices climbing so rapidly? Here are some factors to consider when we speak about Vancouver’s real estate market:
» The fall in oil prices negatively impacts Alberta’s economy and housing market. When the going gets tough in Alberta, residents flock to BC in droves. » The lower Canadian Dollar attracts investors from Asia and the United States » BC currently has the number 1 economic growth of all provinces in Canada forecasted at 3% for 2015 »BC has delivered a balanced budget for the third year in a row paying its debt down this year by one billion dollars, while the annual deficit of the remaining provinces is expected to break 15 billion dollars » Rock bottom interest rates make borrowing money so cheap it makes no sense to buy with cash even if you have it. » Consumer confidence is rising and buyers are much more confident in our economy and the stability of the long-term real estate market in Vancouver. » When the sun finally shines in Vancouver, there really is no better place on earth to be. We have the ocean, the mountains, good schools, safe neighbourhoods, clean drinking water, a booming free enterprise economy, rock solid banking system, and an ethnic mix creating the flavors and colours we Vancouverites have come to enjoy!
Marty’s magic window – What can we expect? If we have already seen 5% increases in detached prices across Vancouver, it is not unreasonable to expect house prices to increase at least 10-15% this year. As long as that external demand for land continues, and interest rates stay low (and there is no sign they won’t), we can expect a good 3 year run on this market surge.
The Real Estate Timing Analysis When should I be selling my home? One of the things we cover when we meet with you is our Real Estate Timing Analysis. We track all the sales data over the past 5 years and tabulate this data into one easy to follow Stats Package that enables us to make informed timing decisions for our clients. When the sales activity patterns are graphed year after year we see definite patterns defining ‘Sellers Markets’ and ‘Buyers Markets’ throughout the year. The interesting point is that the patterns repeat themselves year after year.
Why is timing important? Well, for example, if you were able to time the sale of your existing home in a Seller’s Market and offset the purchase of your new home to a Buyer’s market it will mean substantial gains in both the sell and buy, in some cases amounting to hundreds of thousands of dollars. When we meet with you we will point out these cyclical markets, advise the best timing approach, and show you the tools we use to make this possible without you having to move twice. Its great stuff!
Whether you are buying or selling Vancouver Westside real estate, if you are planning on hiring a professional, having a great agent can make all the difference in the world. After all, it can mean selling your old house for top dollar or losing the home of your dreams and ending up with the bottom scraps. To help you differentiate between the top-dogs and the floundering beginners, we have compiled five questions for you to ask when looking for your superstar agent.