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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

The Real Estate Board of Metro Vancouver reports:

While the supply of homes for sale has increased across Metro Vancouver, home buyer demand has remained below typical levels for this time of year. Last month’s Metro Vancouver sales were 36.1% below the 10-year September average. Since spring 2018, home listings have risen to levels we haven’t seen in over four years. Despite better choice, one of the reasons buyer demand has moved away from the fast pace of 2015 to 2017 can be attributed to the new mortgage stress test rules. Prices have not adjusted, and buyer’s are now left with less buying power. It is important for both home buyers and sellers to understand what these trends mean to them and what strategies they can deploy in this market


The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. If you are planning a change in lifestyle, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634


The MLS® HPI Benchmark Price of residential properties in September 2018 vs September 2017 were:

  • Metro Vancouver: - 4.5% for a single family home, +7.4% for a condo, and +6.4% for a townhome
  • North Vancouver: -5.4%% for a single family home, +6% for a condo, and +5.9% for a townhome
  • West Vancouver: -11.4% for a single family home and +5.2% for a condo
  • Coal Harbour +7.9% for a condo
 
 Market types for September 2018
  • Metro Vancouver's Detached properties is a buyer's market at 7.6% with 513 sales out of 6,787 listings
  • Metro Vancouver's Condo properties is a balanced market at 17.7% with 816 sales out of 4,616 listings
  • Metro Vancouver's Townhome properties is a balanced market at 16% with 253 sales out of 1,584 listings
  • North Vancouver Detached properties is a buyer's market at 8.2% with 41 sales out of 498 listings
  • North Vancouver Condo properties is a balanced market at 17.9% with 57 sales out of 318 listings
  • North Vancouver Townhome properties is a balanced market at 19.4% with 20 sales out of 103 listings
  • West Vancouver Detached properties is a buyer's market at 4.3% with 25 sales out of 582 listings
  • West Vancouver Condo properties is a buyer's market at 6.3% with 7 sales out of 111 listings
  • Coal Harbour Condos are in a buyer's market at 11% with 11 sales out of 100 listings

Read your full September 2018 reports here: North VancouverWest VancouverVancouver West


If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca


*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Burnaby, Coquitlam, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on October 2nd, 2018 from the Real Estate Board of Greater Vancouver 

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The Real Estate Board of Metro Vancouver reports:

The Federal Government’s B20 stress test continues to impact buyer's in our residential market, and has eroded buying power by approximately 20%. These changes have had strong impact on first time home buyers, people renewing their mortgages and buyer’s looking to move up the property ladder. The reality of lower buying power can clearly be seen in last month’s sales, which were 25.2% below the 10-year August sales average in Metro Vancouver, and are mainly the result of slow detached sales. Over the last 3 months we have seen less frenetic housing demand, more balanced conditions in many regions, fewer multiple offers and more choice for buyers. Metro Vancouver currently sits in a buyer’s market for detached houses and a seller’s market for condos and townhomes.


The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. If you are planning a change in lifestyle, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634


The MLS® HPI Benchmark Price of residential properties in August 2018 vs August 2017 were:

  • Metro Vancouver: - 3.1% for a single family home, +10.3% for a condo, and +7.9% for a townhome
  • North Vancouver: -3.6%% for a single family home, +6.7% for a condo, and +6.4% for a townhome
  • West Vancouver: -11.2% for a single family home and +5.5% for a condo
  • Coal Harbour +16% for a condo
 
 Market types for August 2018
  • Metro Vancouver's Detached properties is a buyer's market at 8.8% with 579 sales out of 6,577 listings
  • Metro Vancouver's Condo properties is a seller's market at 26.4% with 1,031 sales out of 3,905 listings
  • Metro Vancouver's Townhome properties is a seller's market at 20.5% with 295 sales out of 1,442 listings
  • North Vancouver Detached properties is a buyer's market at 7.6% with 32 sales out of 422 listings
  • North Vancouver Condo properties is a seller's market at 32.7% with 72 sales out of 111 listings
  • North Vancouver Townhome properties is a seller's market at 26% with 25 sales out of 96 listings
  • West Vancouver Detached properties is a buyer's market at 4.7% with 27 sales out of 579 listings
  • West Vancouver Condo properties is a balanced market at  15.4% with 14 sales out of 91 listings
  • Coal Harbour Condos are in a buyer's market at 12.6% with 11 sales out of 87 listings

Read your full August reports here: North VancouverWest VancouverVancouver West


If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca


*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Burnaby, Coquitlam, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on September 6, 2018 from the Real Estate Board of Greater Vancouver 

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The Real Estate Board of Metro Vancouver reports:

"Summer is traditionally a quieter time of year in real estate, this is particularly true this year. With increased mortgage rates and stricter lending requirements, buyers are opting to take a wait-and-see approach for the time being, and with fewer buyer’s active in today’s market, we’re seeing less upward pressure on home prices across the region. Last month’s sales were 29.3% below the 10-year July sales average. Overall Metro Vancouver sits in a balanced market at 17% of properties sold with opportunities for both buyer’s and seller’s. If we break it down by category: sales of detached homes sit in a buyer’s market at 9.7%, condo sales sit in a seller’s market at 27.2% and townhomes sit in a seller's market at 22%.

The market has begun to absorb and adjust to the new realities. We expect to an uptick in sals volumes and in some prices during the second half of 2018."


The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. If you are planning a change in lifestyle, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634


The MLS® HPI Benchmark Price of residential properties in July 2018 vs July 2017 were:

  • Metro Vancouver: -1.5 % for a single family home, +13.6% for a condo, and +12.1% for a townhome
  • North Vancouver: -2.4%% for a single family home, +10% for a condo, and +8.7% for a townhome
  • West Vancouver: -8.2% for a single family home and +8.5% for a condo
  • Coal Harbour +16% for a condo
 
 Market types for July 2018
  • Metro Vancouver's Detached properties is a buyer's market at 9.7% with 651 sales out of 6,713 listings
  • Metro Vancouver's Condo properties is a seller's market at 27% with 1,084 sales out of 3,985 listings
  • Metro Vancouver's Townhome properties is a seller's market at 22% with 314 sales out of 1,413 listings
  • North Vancouver Detached properties is a buyer's market at 11.4% with 52 sales out of 470 listings
  • North Vancouver Condo properties is a seller's market at 33% with 76 sales out of 228 listings
  • North Vancouver Townhome properties is a balanced market at 20% with 19 sales out of 95 listings
  • West Vancouver Detached properties is a buyer's market at 5.4% with 32 sales out of 596 listings
  • West Vancouver Condo properties is a balanced market at 18.4% with 18 sales out of 98 listings
  • Coal Harbour Condos are in a balanced market at 16% with 14 sales out of 87 listings

Read your full July reports here: North VancouverWest VancouverVancouver West


If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca


*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Burnaby, Coquitlam, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on August 2nd, 2018 from the Real Estate Board of Greater Vancouver 

Read full post

The Real Estate Board of Metro Vancouver reports:

"Rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buyer activity today. With buyer’s less active, especially in the detached market, the supply of homes for sales has accumulated to levels we haven’t seen in the last few years. Last month’s overall residential sales for Metro Vancouver were 28.7% below the 10-year average for June. However, condo and townhome sales in Metro Vancouver are still performing in Seller’s markets."


The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. If you are planning a change in lifestyle, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634


The MLS® HPI Benchmark Price of residential properties in June 2018 vs June 2017 were:

  • Metro Vancouver: +0.6% for a single family home, +17.2% for a condo, and +15.3% for a townhome
  • North Vancouver: +0% for a single family home, +14.1% for a condo, and +11.9% for a townhome
  • West Vancouver: -5.8% for a single family home and +10.1% for a condo
  • Coal Harbour +18.4% for a condo
 
 Market types for June 2018
  • Metro Vancouver's Detached properties is a buyer's market at 11.4% with 778 sales out of 6,796 listings
  • Metro Vancouver's Condo properties is a seller's market at 33% with 1,246 sales out of 3,769 listings
  • Metro Vancouver's Townhome properties is a seller's market at 27.7% with 373 sales out of 1,346 listings
  • North Vancouver Detached properties is a balanced market at 17% with 80 sales out of 470 listings
  • North Vancouver Condo properties is a seller's market at 37.9% with 81 sales out of 214 listings
  • North Vancouver Townhome properties is a seller's market at 34.4% with 33 sales out of 96 listings
  • West Vancouver Detached properties is a buyer's market at 5.4% with 34 sales out of 630 listings
  • West Vancouver Condo properties is a buyer's market at 14.1% with 13 sales out of 92 listings
  • Coal Harbour Condos are in a balanced market at 18% with 15 sales out of 82 listings

Read your full June reports here: North VancouverWest Vancouver, Vancouver West


If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca


*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Burnaby, Coquitlam, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on July 5, 2018 from the Real Estate Board of Greater Vancouver 

Read full post

The Real Estate Board of Metro Vancouver reports:

Buyer caution, high prices, new tax announcements, rising interest rates and stricter mortgage requirements are among the factors affecting home buyer and seller activity today. March 2018's residential sales were 23% below the 10-year March average. Despite that, even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low. Last month was the quietest March for home listings since 2009, and the total inventory, particularly in the condo and townhome segments, of homes for sale, remains well below historical norms."


The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. If you are planning a change in lifestyle, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634


The MLS® HPI Benchmark Price of residential properties in March 2018 vs March 2017 were:

  • Metro Vancouver: +7.4% for a single family home, +26.2% for a condo, and +17.7% for a townhome
  • North Vancouver: +7.8% for a single family home, +24.3% for a condo, and +10.7% for a townhome
  • West Vancouver: +4.5% for a single family home and +18.5% for a condo
  • Coal Harbour +19.4% for a condo
 
 Market types for March 2018
  • Metro Vancouver's Detached properties is a buyer's market at 13.7% with 734 sales out of 5,346 listings
  • Metro Vancouver's Condo properties is a seller's market at 61% with 1,356 sales out of 2,224 listings
  • Metro Vancouver's Townhome properties is a seller's market at 45.6% with 395 sales out of 867 listings
  • North Vancouver Detached properties is a balanced market at 19.6% with 67 sales out of 341 listings
  • North Vancouver Condo properties is a seller's market at 92.1% with 117 sales out of 127 listings
  • North Vancouver Townhome properties is a seller's market at 53.7% with 29 sales out of 54 listings
  • West Vancouver Detached properties is a buyer's market at 5.4% with 26 sales out of 479 listings
  • West Vancouver Condo properties is a seller's market at 22.6% with 14 sales out of 62 listings
  • Coal Harbour Condos are in a seller's market at 35.7% with 20 sales out of 56 listings

Read your full March reports here: North VancouverWest VancouverVancouver West


If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca


*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Burnaby, Coquitlam, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on April 3, 2018 from the Real Estate Board of Greater Vancouver 

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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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