Market Overview

Vancouver Real Estate Sales Prices Reach New Record High

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As if homes in Vancouver are not expensive enough, one recent transaction may set the record higher in the city, a new report on CBC News said.

The report said that a home located at Vancouver’s East Side sold for a whopping $2,150,000. Four years ago, houses on the same block where the $2 million home stood sold for $1,395,000.

The realtors who closed the deal said the new homeowner upgraded from their West Side home, which is known for its higher property valuations. 

“It’s significant because it shows there is not that sort of same discrepancy between the East Side and the West Side as there once was. I think the gap has narrowed in terms of price,” RE/MAX Select Properties agent Paul Eviston told CBC News.

“There are many buyers that have sold their homes on the West Side and have moved to the East Side, put money in the bank, and there are many buyers that once would buy only on the West Side that are considering the East Side based on the value quotient,” he said.

Vancouver’s home price index, which is determined by calculating data from the Multiple Listing Service, rose by 9.9 percent to $2,273,600 in July compared with last year’s figures, according to a report on The Globe and the Mail. The price index revision was largely due to the resale of a detached house on the West Side.

Real estate agents who are selling multi-million dollar homes in the Vancouver area using disruptive technologies created by Realbiz Media Group, Inc. (OTCQB: RBIZ) to increase their sales.

Realbiz Media is a Florida-based digital media company that develops proprietary video marketing software that agents and their brokers can use to promote their virtual tour listings online.

Its Virtual Tour Program allows real estate sellers to create virtual tours and presentations that are optimized for mobile viewing and could be syndicated through social media for only $29.95 a month.

The program features a video search engine optimization (VSEO) tool that automatically generates meta tags and descriptions for virtual tours and listings that agents have uploaded to the platform so that they could be found easily by consumers online.

The program also has tools for creating QR codes, e-flyers, and seller reports as bonus features.

Realtors can also make use of the company’s listing platform Nestbuilder.com to market their listings with videos, slideshows and virtual tours. Nestbuilder.com is a consumer site based on Realbiz Media’s patented marketing technology Nestbuilder Agent.

The web site makes a great platform for hosting real estate agents’ listings and for their personalized agent profiles which help them widen their reach and build their online reputation. Nestbuilder.com’s agent and listing pages also features a contact form as well as social media buttons that connect agents with their consumers easily.

Realbiz Media’s platforms, applications and web sites feature social integration, which allow agents to cross-publish their posts to social networks like Twitter, Facebook, and Pinterest.

To learn more about Realbiz Media and its products, contact sales@realbizmediagroup.com or call 1.888.REAL.BIZ (888.732.5249).

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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