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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:

“After reaching record levels in 2015 and 2016, Metro Vancouver’s home sales moved toward more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity - especially in the condo and townhome categories. Metro Vancouver’s home sales were the third highest we’ve seen in the past ten years while the home listing total was the second lowest on record for the same period. 2017’s sales were 9.7% above the 10-year average, and home listings were 4.4% below the 10-year average."

 

With over 2,300 real estate transactions and over 28 years of helping generations of people realize a great life on the North Shore and in Coal Harbour, my business is you! Ensuring you make informed decisions for all your real estate needs is 2018 is my mission. I sincerely look forward to working for you. Regards, Dodi 604.644.3634

 

The MLS® HPI Benchmark Price of residential properties in December 2017 vs December 2016 were:

  • Metro Vancouver: +7.9% for a single family home, +25.9% for a condo, and +18.5% for a townhome
  • North Vancouver: +5.2% for a single family home, +22.2% for a condo, and +16.1% for a townhome
  • West Vancouver: +4% for a single family home and +19.5% for a condo
  • Coal Harbour +24.3% for a condo
 
 Market types for November 2017
  • Metro Vancouver's Detached properties is a balanced market at 15.6% with 630 sales out of 4,050 listings
  • Metro Vancouver's Condo properties is a seller's market at 61.3% with 1,034 sales out of 1,687 listings
  • Metro Vancouver's Townhome properties is a seller's market at 44.5% with 318 sales out of 714 listings
  • North Vancouver Detached properties is a seller's market at 32.7% with 70 sales out of 214 listings
  • North Vancouver Condo properties is a seller's market at 70.3% with 78 sales out of 111 listings
  • North Vancouver Townhome properties is a seller's market at 33.3% with 16 sales out of 48 listings
  • West Vancouver Detached properties is a buyer's market at 7.7% with 30 sales out of 388 listings
  • West Vancouver Condo properties is a seller's market at 18.9% with 10 sales out of 53 listings
  • Coal Harbour Condos are in a seller's market at 29% with 1034 sales out of 53 listings

Read your full October reports here: North Vancouver, West 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, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on January 3, 2017 from the Real Estate Board of Greater Vancouver 

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The Real Estate Board of Metro Vancouver reports:

Vancouver continues to experience above-average demand and below-average supply in our residential real estate markets. In November, Metro Vancouver* saw modest home listing changes and steady buyer demand. Last month, sales were 17% above the 10-year November average, and in-fact, home buyer activity has been operating above long-term averages throughout 2017, particulary in the condo and townhome markets. And, while we have seen an improvement in active listing levels in 2017, we have a longway to go before they rise back to more historically typical levels. 

The key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority. 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 November 2017 vs November 2016 were:

  • Metro Vancouver: +6.1% for a single family home, +23.9% for a condo, and +17.9% for a townhome
  • North Vancouver: +3.7% for a single family home, +23.5% for a condo, and +12.1% for a townhome
  • West Vancouver: +2.9% for a single family home and +17.4% for a condo
  • Coal Harbour +18.2% for a condo
 
 Market types for November 2017
  • Metro Vancouver's Detached properties is a balanced market at 15.3% with 852 sales out of 5,585 listings
  • Metro Vancouver's Condo properties is a seller's market at 67.4% with 1,514 sales out of 2,247 listings
  • Metro Vancouver's Townhome properties is a seller's market at 40.7% with 388 sales out of 953 listings
  • North Vancouver Detached properties is a seller's market at 21.3% with 76 sales out of 357 listings
  • North Vancouver Condo properties is a seller's market at 81% with 136 sales out of 168 listings
  • North Vancouver Townhome properties is a seller's market at 57.1% with 32 sales out of 56 listings
  • West Vancouver Detached properties is a buyer's market at 6.8% with 37 sales out of 541 listings
  • West Vancouver Condo properties is a seller's market at 20.3% with 13 sales out of 64 listings
  • Coal Harbour Condos are in a seller's market at 34% with 18 sales out of 53 listings

Read your full October 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, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on December 4, 2017 from the Real Estate Board of Greater Vancouver 

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The Real Estate Board of Metro Vancouver reports:

"Metro Vancouver* home sales exceeded historical levels in October with the majority concentrated in the townhouse and apartment markets; last month's sales were 15% above the 10-year averages for October. Market conditions vary significantly based on property type. The detached market is well supplied with homes for sale, which is relieving pressure on prices. It remains a much different story in the townhouse and apartment markets, buyers here continue to face a limited supply and are seeing upward pressure on prices." 

The Federal government's announcement of plans to tighten mortgage requirments for the seventh time in the last eight years also helped spur buyer activity in the short term. Many buyers are trying to enter the market before the changes are in place.

The key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority. 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 October 2017 vs October 2016 were:

  • Metro Vancouver: +4% for a single family home, +22.7% for a condo, and +17.7% for a townhome
  • North Vancouver: +2.1% for a single family home, +21.5% for a condo, and +15% for a townhome
  • West Vancouver: -5.4% for a single family home and +18.5% for a condo
  • Coal Harbour +11% for a condo
 
 Market types for October 2017
  • Metro Vancouver's Detached properties is a balanced market at 16.4% with 955 sales out of 5,830 listings
  • Metro Vancouver's Condo properties is a seller's market at 65.3% with 1,538 sales out of 2,355 listings
  • Metro Vancouver's Townhome properties is a seller's market at 52.9% with 495 sales out of 936 listings
  • North Vancouver Detached properties is a seller's market at 22.1% with 81 sales out of 367 listings
  • North Vancouver Condo properties is a seller's market at 74.9% with 125 sales out of 167 listings
  • North Vancouver Townhome properties is a seller's market at 71.2% with 37 sales out of 52 listings
  • West Vancouver Detached properties is a buyer's market at 5.3% with 29 sales out of 552 listings
  • West Vancouver Condo properties is a buyer's market at 13.6% with 8 sales out of 59 listings
  • Coal Harbour Condos are in a seller's market at 48% with 26 sales out of 54 listings

Read your full October 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, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on November 2, 2017 from the Real Estate Board of Greater Vancouver 

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The Real Estate Board of Metro Vancouver reports:

"Apartment and townhome activity is outpacing the detached home market across Metro Vancouver*. This activity helped push total residentail sales above the historical averages for September 2017. Last month we saw a 25.2% increase in sales over September 2016, and sales 13.1% above the 10-year September average. Detached sales made up 30% of all sales in September and represented 62% of all homes listed for sale on the MLS. This dynamic for detached homes has slowed the pace of upward pressure that we've seen on detached home prices over the last few years. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, currently we sit at 14.5% for detached homes in Metro Vancouver."

 

The key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority. 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 2017 vs September 2016 were:

  • Metro Vancouver: +2.9% for a single family home, +21.7% for a condo, and +14.5% for a townhome
  • North Vancouver: +1.9% for a single family home, +19.5% for a condo, and +7% for a townhome
  • West Vancouver: -8.5% for a single family home and +15.2% for a condo
  • Coal Harbour +11% for a condo
 

Market types for September 2017

  • Metro Vancouver's Detched properties is a balanced market at 14.6% with 870 sales out of 6,093 listings
  • Metro Vancouver's Condo properties is a seller's market at 59.6% with 1,456 sales out of 2,445 listings
  • Metro Vancouver's Townhome properties is a seller's market at 48.2% with 459 sales out of 953 listings
  • North Vancouver Detached properties is a balanced market at 19.7% with 74 sales out of 376 listings
  • North Vancouver Condo properties is a seller's market at 69.2% with 108 sales out of 156 listings
  • North Vancouver Townhome properties is a seller's market at 44.2% with 23 sales out of 52 listings
  • West Vancouver Detached properties is a buyer's market at 6.4% with 35 sales out of 551 listings
  • West Vancouver Condo properties is a seller's market at 31.5% with 17 sales out of 54 listings
  • Coal Harbour Condos are in a seller's market at 35% with 21 sales out of 60 listings

 

Read your full September 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, Tsawwassen, Ladner

 

The accuracy and completeness of the information is not guaranteed. Data was current on October 6th, 2017 from the Real Estate Board of Greater Vancouver                                 

Read Full Story

The Real Estate Board of Metro Vancouver reports

"Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August. First-time home buyers have led a surge this summer in demand for our condominium and townhome markets, with homes priced between $350,000 and $750,000 the subject of intense competition and multiple offers across the region."

 

The key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority. 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 2017 vs August 2016 were:

  • Metro Vancouver: +2.2% for a single family home, +19.4% for a condo, and +12.8% for a townhome
  • North Vancouver: +0.4% for a single family home, +15.9% for a condo, and +5.7% for a townhome
  • West Vancouver: -6.3% for a single family home and +10.9% for a condo
  • Coal Harbour +3.2% for a condo
 

Market types for August 2017

  • Metro Vancouver's Detched properties is a balanced market at 16% with 918 sales out of 5,732 listings
  • Metro Vancouver's Condo properties is a seller's market at 75.3% with 1,620 sales out of 2,150 listings
  • Metro Vancouver's Townhome properties is a seller's market at 50.9% with 469 sales out of 922 listings
  • North Vancouver Detached properties is a sellers market at 24.5% with 75 sales out of 306 listings
  • North Vancouver Condo properties is a seller's market at 105.7% with 112 sales out of 106 listings
  • North Vancouver Townhome properties is a seller's market at 53.1% with 26 sales out of 49 listings
  • West Vancouver Detached properties is a buyer's market at 6% with 30 sales out of 501 listings
  • West Vancouver Condo properties is a seller's market at 40.4% with 19 sales out of 47 listings
  • Coal Harbour Condos are in a seller's market at 41.2% with 25 sales out of 60 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, Tsawwassen, Ladner

 

The accuracy and completeness of the information is not guaranteed. Data was current on August 2, 2017 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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