Blog

I’m glad to receive a review from my sellers :

We found Eva Li very helpful in the sale of our property.  She was always punctual and easily accessible.  As we were new to this process, in the closing of the sale of the property, Eva also helped us in matters which are new to us, for example: when to disconnect the hydro, cable, telephone, and cancel the insurance etc.  We would recommend Eva to all our friends and family.  She is “A+”.  Thank you Eva!

John Romanow, Donna and Cliff Mayoh

Metro Vancouver home sales return to historically typical levels

After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase from the 1,608 sales recorded in November 2018, and a 12.6 per cent decline from the 2,858 homes sold in October 2019.

Last month’s sales were four per cent above the 10-year November sales average.

Continue reading

Client Review

I have just received the best review / compliments from a seller client.
Often clients don’t have time to write a review though they appreciate your hard work and tell you verbally.
Click the link below to view the rest of the reviews.

We are US citizens trying to sell our mother’s property in Vancouver. We connected with Eva Li through a friend’s referral. We contacted Eva only through the phone and text messages. Though we have never met Eva face to face, she provided us with excellent service. She thought of many details that we have not thought about. For example, when it is best to list the property, what is needed to be done to the property for optimal showing etc. Eva was very understanding as well. She understood that we needed someone to guide us to sell this foreign property without hesitation. She listed the property for us, and was able to sell this property within the week with a great offer as well. With us being in the US all this time, Eva did everything for us like it is her own property. We appreciate all the time and effort that Eva has spent with and for us, and we will definitely recommend her to anyone who wants to sell or buy a house. Eva is truly a reliable and trustworthy agent. 5 stars all the way.”    May Fung

Chick the link below for the full review and my other reviews: 
https://rankmyagent.com/evali/

Contact Eva today!

I have listed a townhome at Jade Gardens (address: 20-7788 Ash Street, Richmond) on October 1; and I sold it within one week for over the asking price by $20,000-

When you are planning to put your home up for sale, give Eva Li a call. Let Eva’s expertise work for you. Contact Eva today!

Increased demand helps housing market reach balanced territory

Home buyer demand has returned to more historically typical levels in Metro Vancouver over the last three months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and a 4.6 per cent increase from the 2,231 homes sold in August 2019.

Last month’s sales were 1.7 per cent below the 10-year September sales average.

“We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,” Ashley Smith, REBGV president said. “Home buyers are more willing to make offers today, particularly in the townhome and apartment markets.”

There were 4,866 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2019. This represents a 7.8 per cent decrease compared to the 5,279 homes listed in September 2018 and a 29.9 per cent increase compared to August 2019 when 3,747 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,439, a 2.7 per cent increase compared to September 2018 (13,084) and a 0.3 per cent increase compared to August 2019 (13,396).

For all property types, the sales-to-active listings ratio for September 2019 is 17.4 per cent. By property type, the ratio is 12.7 per cent for detached homes, 18.9 per cent for townhomes, and 21.9 per cent for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“This is a more comfortable market for people on both sides of a real estate transaction,” said Smith. “Home sale and listing activity were both at typical levels for our region in September.”

The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $990,600. This represents a 7.3 per cent decrease over September 2018 and a 0.3 per cent decrease compared to August 2019.

Sales of detached homes in September 2019 reached 745, a 46.7 per cent increase from the 508 detached sales recorded in September 2018. The benchmark price for a detached home is $1,406,200. This represents an 8.6 per cent decrease from September 2018 and is virtually unchanged compared to August 2019.

Sales of apartment homes reached 1,166 in September 2019, a 43.6 per cent increase compared to the 812 sales in September 2018. The benchmark price of an apartment property is $651,500. This represents a 6.5 per cent decrease from September 2018 and a 0.4 per cent decrease compared to August 2019.

Attached home sales in September 2019 totalled 422, a 53.5 per cent increase compared to the 275 sales in September 2018. The benchmark price of an attached home is $767,500. This represents a 7.2 per cent decrease from September 2018 and a 0.6 per cent decrease compared to August 2019.

Download the September 2019 stats package

Client Reviews

When you are planning to sell or buy real estate, you may like to check your realtors reviews.


Here is a recent review from my client / seller:


“Eva Li is patient, caring and very knowledgeable about the real estate market. She is a hard worker and available promptly to answer all our questions. Eva provided to us with valuable real estate advice and suggestions for the sale of our home and genuinely protecting our best interest. We have recommended Eva to our family and friends for their real estate needs. We will certainly engage Eva’s expertise and service again for our next purchase. “


Chick the link below for the full review and my other reviews: 
https://rankmyagent.com/evali/

Feel free to contact Eva Li for a free comparative market analysis of your home or investment properties.

Commercial real estate sales down from last year’s pace

Article from the Real Estate Board of Greater Vancouver on Friday, September 13, 2019

Sales activity in the Lower Mainland’s commercial real estate market declined in the second quarter (Q2) of 2019 compared to the more active market experienced in the region last year.

There were 407 commercial real estate sales in the Lower Mainland in Q2 2019, a 32.6 per cent decrease over the 604 sales in Q2 2018, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV).

The total dollar value of commercial real estate sales in the Lower Mainland was $1.463 billion in Q2 2019, a 65.6 per cent decrease from the $4.253 billion in Q2 2018.

“The reduced activity in the commercial market has largely mirrored what we saw in the residential market through the first half of 2019. Residential demand did pick up in the summer months. How this change will affect the commercial market remains to be seen.”

Q2 2019 activity by category

Land: There were 103 commercial land sales in Q2 2019, which is a 54.8 per cent decrease from the 228 land sales in Q2 2018. The dollar value of land sales was $738 million in Q2 2019, a 69.1 per cent decrease from $2.388 billion in Q2 2018.

Office and Retail: There were 179 office and retail sales in the Lower Mainland in Q2 2019, which is down 12.3 per cent from the 204 sales in Q2 2018. The dollar value of office and retail sales was $367 million in Q2 2019, a 57.8 per cent decrease from $870 million in Q2 2018.

Industrial: There were 112 industrial land sales in the Lower Mainland in Q2 2019, which is down 15.8 per cent from the 133 sales in Q2 2018. The dollar value of industrial sales was $206 million in Q2 2019, a 49.9 per cent decrease from $412 million in Q2 2018.

Multi-Family: There were 13 multi-family land sales in the Lower Mainland in Q2 2019, which is down 66.7 per cent over the 39 sales in Q2 2018. The dollar value of multi-family sales was $152 million in Q2 2019, a 73.9 per cent decrease from $583 million in Q2 2018.

When you have questions in regards to the Vancouver real estate market, please contact your trusted real estate advisor, Eva Li.
Phone: 604-351-0789
Email: Eva@EvaLi.ca

REALTORS® across Canada urge governments to reduce costs and remove barriers to home ownership

The following article is from the REBGV on September 12, 2019

REALTOR® associations from Canada’s largest real estate markets are calling on all levels of government to take meaningful action to make home ownership more accessible to people across the country.

With the federal election on October 21, the Toronto, Calgary and Vancouver real estate boards, together with the Quebec Professional Association of Real Estate Brokers, the REALTORS® Association of Edmonton and the Nova Scotia Association of REALTORS® are urging the federal political parties to commit to policies that will help remove barriers and reduce the cost of home ownership.

These organizations are asking the federal political parties to adopt the following housing affordability recommendations: Continue reading

Homeowner Tips

Do you find that your heating cost is getting higher than last year?

Here are a few steps to lower the heating cost.

The furnace or boiler in your home is a large energy user. Consider the following:

  • Keep your thermostat at around 20°C
  • Lowering your thermostat when no one’s home
  • Checking the furnace filter once a month during the heating season (change or clean when dirty)
  • Having a professional tune-up of the heating system at least every other year
  • Replace the older furnace with a high efficiency model. Check with BC Hydro if they have an incentive