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Market Updates

During the process of buying or selling a home, countless questions are bound to surface regardless of how "seasoned" you are in Real Estate.  Some questions are easily answered, however others may require a bit of research and study.   I understand how difficult it can be to sift through the mountain of information out there in order to find answers that are relevant and meaningful to you.  

As a firm believer in "knowledge is power," I do my best to educate and inform my Buyers and Sellers about the current market conditions and the process involved once you have made the decision to move.     

If you would like to receive regular Market Updates or newsletters please contact me at dodi.t@shaw.ca or call me at 604-644-3634

Latest News

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While March 2016 set an all-time record, April's 2016 house sales were just as strong: 41.7% above the 10 year average, and the highest selling April on record. Supply is still chasing the unprecedented surge of Buyer demand in accelerated Seller's Market, while home Buyer competition remains intense across the region.  If you are considering selling, please give me a call 604.644.3634. If my sign is on your lawn you're moving! Regards, Dodi

 

Here are some highlights: 

  • Overal for Metro Vancouver April 2016's sales were 41.7% above the 10 year average for the month
  • Sales of North Vancouver Detached Properties were 4.2% lower than April 2015 with 34% less inventory
  • Sales of North Vancouver Attached Properties were 18.2% higher than April 2015 with 68.4% less inventory
  • Sales of West Vancouver Detached Properties were 5.5% higher than April 2015 with 27.5% less inventory
  • Sales of West Vancouver Attached Properties were 13% below April 2015 due to 43% less inventory
  • Sales of Downtown Condo Properties were 6.4% higher than April 2015 with 51.4% less inventory

Seller's Markets in April 2016:

  • The Sales-To-Active listings ratio for Metro Vancouver was 63.3%, with 6.3 out of every 10 properties sold
  • The Sales-To-Active listings ratio for North Vancouver Detached properties was 98%, with 9.8 out of every 10 homes sold
  • The Sales-To-Active listings ratio for North Vancouver Attached properties was 125%, with 10+ of every 10 homes sold
  • The Sales-To-Active listings ratio for West Vancouver Detached properties was 34%, with 3.4 out of every 10 homes sold
  • The Sales-To-Active listings ratio for West Vancouver Attached properties was 41%, with 4.1 out of every 10 homes sold
  • The Sales-To-Active listings ratio for Coal Harbour Condos was 71%, with 7.1 out of every 10 condos sold

Read your full reports here: North Vancouver April 2016, West Vancouver April 2016, Vancouver West April 2016.

 

*Areas covered in the Real Estate Board of Greater Vancouver's report include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta

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604–644–3634
dodi.t@shaw.ca

RE/MAX Dodi Thorhaug Realty
#101-2609 Westview Drive North Vancouver, BC V7N 4M2 Canada

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