Maria Mak 麥福玲 | 604-839-6368

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Maria Mak / Burnaby REALTOR® /Metro Vancouver Real Estate Consultant

 

My name is Maria Mak 麥福玲, a Burnaby REALTOR® / Metro Vancouver Real Estate Consultant with Sutton Centre Realty.
  

I approach real estate the same way I approach my art...with passion! When it comes to serving my clients, I always come with a big smile and, most importantly, a big heart!

 

Since 1989 I have made a point of ensuring each satisfied client is not only content with their purchase but does so with a heartfelt smile. While I’m proud to have been honoured with the Sutton President Award, it is more important that I serve and meet all your real estate needs.
 
For over 27 years I have not only been in the business of real estate but in the business of making dreams come true. This is not just any property, this is your home.
 

Residential, multi-family and project marketing are my specialties. I look forward to serving you in English, Cantonese or Mandarin. Let me take care of your most important real estate assets and I’ll make you smile...that’s a promise.

 

Contact me for my unique Real Estate Marketing Plan and my Cash Back Closing Cost Package. I can leverage the latest technology and marketing systems to maximize profitability and guarantee satisfaction for you.
 
 

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Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver.

     

 


Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent decrease compared to September 2016 when 2,253 homes sold. Last month’s sales were 15 per cent below the 10-year October sales average.


“Changing market conditions compounded by a series of government interventions this year have put home buyers and sellers in a holding pattern,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Potential buyers and sellers are taking a wait-and-see approach to try and better understand what these changes mean for them.”


New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,981 in October 2016. This represents a decrease of 3.5 per cent compared to the 4,126 units listed in October 2015 and a 17 per cent decrease compared to September 2016 when 4,799 properties were listed.


Last month’s new listing count was 9.5 per cent below the region’s 10-year new listing average for the month.


The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,143, a 4.5 per cent decrease compared to October 2015 (9,569) and a 2.3 per cent decrease compared to September 2016 (9,354).


The sales-to-active listings ratio for October 2016 is 24.4 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


“While sales are down across the different property types, it’s the detached market that’s seen the largest reduction in home buyer demand in recent months,” Morrison said. “It’s important to work with your local REALTOR® to help you navigate today’s changing trends.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $919,300. This represents a 24.8 per cent increase compared to October 2015 and a 0.8 per cent decline compared to September 2016.


Sales of detached properties in October 2016 reached 652, a decrease of 54.6 per cent from the 1,437 detached sales recorded in October 2015. The benchmark price for detached properties is $1,545,800. This represents a 28.9 per cent increase compared to October 2015 and a 1.4 per cent decrease compared to September 2016.


Sales of apartment properties reached 1,178 in October 2016, a decrease of 23.7 per cent compared to the 1,543 sales in October 2015.The benchmark price of an apartment property is $512,300. This represents a 20.5 per cent increase compared to October 2015 and a 0.3 per cent increase compared to September 2016.


Attached property sales in October 2016 totalled 403, a decrease of 39.5 per cent compared to the 666 sales in October 2015. The benchmark price of an attached unit is $669,200. This represents a 25.7 per cent increase compared to October 2015 and a 1.1 per cent decrease compared to September 2016.

 


Maria Mak
Cell:604-839-6368
Office:604-435-9477
Sutton Centre Realty
3010 Boundary Road
Burnaby, BC
V5M 4A1 CA
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Contact Info:
Cell:604-839-6368
Office:604-435-9477
Mailing Address:
Sutton Centre Realty
3010 Boundary Road
Burnaby, BC
V5M 4A1 CA
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