MY MISSION
"Bradley Wattum is my agent. He stepped up as a salesman, worked very hard and got my house sold for a good price. One can't go wrong enlisting him as listing agent. Great agent and a friend."
by John"We have worked with Bradley as our realtor in 2014 purchasing our first home and the experience was excellent so when we decided to sell in 2017 the decision to contact Brad again was easy to make. His professionalism and easy going personality make you feel comfortable through every step of the buying/selling process and not once did we feel pressured to make any decisions we were not comfortable with. Bradley was able to get us in contact with a mortgage broker and home inspector that have both saved us money and enabled us to purchase the home we desired in the neighborhood we have started our family in. If you are looking for someone you can feel 100% confident in them we would highly recommend contacting Bradley."
by Mark & Tomo"I had an outstanding experience when purchasing my first home and cannot thank Bradley enough for his professional help. Bradley guided me through every step, laid out everything very clearly and gave great advice. I especially appreciated Bradley’s non-pressure approach, his patience, and him giving his honest opinion about each place that we viewed. Thanks to his knowledge and experience, I found my perfect home in my desired location and within my budget. I feel very fortunate to have him as my realtor, and it was a pleasure to work with him. I would highly recommend Bradley to anyone."
by Sigrid"We have known Bradley for over 10 years. He has assisted us with the purchase and sale of several properties, including a townhouse and condominium, as well as the most recent purchase of a home in Kerrisdale, as well as the sale of our home in Arbutus. Bradley is always very professional, prompt and answers all of our questions fully and without delay. He cares, understands our requirements, and consistently meets our expectations when either selling or buying a home. We would use Bradley’s services again in the future. Thanks Bradley!"
by Anna and James"Bradley was hard working and very prompt with his service.He was courteous and professional in every aspect. I will definitely recommend him as a Realtor and now consider him my Realtor for future dealings."
by Laura M.Market shifting in buyers’ favour, though hesitation remains
June 2024 - Market Bullet Points
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Sales and Competition:
- Metro Vancouver home sales in June remained below seasonal and historical averages.
- Reduced competition among buyers led to increased inventory levels, not seen since spring 2019.
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Residential Sales Data:
- June 2024: 2,418 sales, a 19.1% decrease from June 2023.
- Sales were 23.6% below the 10-year seasonal average.
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Market Dynamics:
- Buyers hesitant to transact in typical volumes.
- Sellers eager to list properties, leading to balanced market conditions.
- Inventory levels reached a healthy range, providing buyers with more selection.
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New Listings:
- June 2024: 5,723 newly listed properties, a 7% increase from June 2023.
- Listings were 3% above the 10-year seasonal average.
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Current Listings:
- Total properties listed: 14,182, a 42% increase from June 2023.
- Listings were 20.3% above the 10-year seasonal average.
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Sales-to-Active Listings Ratio:
- Overall: 17.6%
- Detached homes: 13.1%
- Attached homes: 21.1%
- Apartments: 20.3%
- Downward pressure on prices if the ratio stays below 12% for a sustained period.
- Upward pressure on prices if the ratio exceeds 20% for several months.
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Interest Rates and Market Impact:
- Potential for an interest rate cut by the Bank of Canada in July.
- Even a modest boost to affordability could tilt the market in favour of buyers.
- Lower-than-normal transaction volumes allow inventory to accumulate, limiting price increases.
- Well-priced properties still sell quickly, indicating that astute buyers can spot value.
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Home Price Index:
- Composite benchmark price: $1,207,100.
- 0.5% increase over June 2023.
- 0.4% decrease compared to May 2024.
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Detached Homes:
- Sales: 694 in June 2024, an 18.2% decrease from June 2023.
- Benchmark price: $2,061,000.
- 3.7% increase from June 2023.
- 0.1% decrease compared to May 2024.
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Apartment Homes:
- Sales: 1,245 in June 2024, a 20.9% decrease from June 2023.
- Benchmark price: $773,400.
- 1% increase from June 2023.
- 0.4% decrease compared to May 2024.
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Attached Homes:
- Sales: 456 in June 2024, a 16.6% decrease from June 2023.
- Benchmark price: $1,138,100.
- 3% increase from June 2023.
- 0.6% decrease compared to May 2024