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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:

"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 Detched 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                                 

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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                                             

Read Full Story

The Real Estate Board of Metro Vancouver reports

"Home buyer activity returned to more typical summer levels in Metro Vancouver* in July, with sales 0.7% above the 10-year average for the month. Housing demand is inconsistent across the region right now, with pockets of the market still receiving multiple offers while others are not. This varying market-by-market demand is due to a combination of price, property type and location. With a normal summer slow down in buyer activity, we saw the selection of homes for sale in the region edge above 9,000 properties for the first time in 2017. 

 

The key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority in 2017! If you are planning a change in lifestyle this fall, 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 2017 vs July 2016 were:

  • Metro Vancouver: +1.9% for a single family home, +18.5% for a condo, and +11.9% for a townhome
  • North Vancouver: +0.5% for a single family home, +17.2% for a condo, and +6.1% for a townhome
  • West Vancouver: -6.1% for a single family home and +14.7% for a condo
  • Coal Harbour -0.7% for a condo
 

Market types for July 2017

  • Metro Vancouver's Detched properties is a balanced market at 16.4% with 987 sales out of 5,838 listings
  • Metro Vancouver's Condo properties is a seller's market at 61.3% with 1,473 sales out of 2,401 listings
  • Metro Vancouver's Townhome properties is a seller's market at 53.2% with 500 sales out of 940 listings
  • North Vancouver Detached properties is a sellers market at 23.5% with 81 sales out of 344 listings
  • North Vancouver Condo properties is a seller's market at 58.1% with 79 sales out of 136 listings
  • North Vancouver Townhome properties is a seller's market at 60.7% with 37 sales out of 61 listings
  • West Vancouver Detached properties is a buyer's market at 8.2% with 41 sales out of 500 listings
  • West Vancouver Condo properties is a balanced market at 19.6% with 11 sales out of 56 listings
  • West Vancouver Townhome properties is a seller's market at 26.7% with 4 sales out of 15 listings
  • Coal Harbour Condos are in a seller's market at 30.8% with 20 sales out of 65 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, 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                                             

Read Full Story

The Real Estate Board of Metro Vancouver reports

The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver. Two distinct markets have emerged this summer. The detached home market has seen demand ease back to more typical levels while competition for condominiums is creating multiple offer scenarios and putting upward pressure on prices for that property type. Home buyers have more selection to choose from in the detached market today while condominium listings are near an all-time low on MLS®. Detached listings have increased every month this year, while the number of condominiums for sale has decreased each month since February"

 

With such strong condiitons for Seller's, the key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority in 2017! 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 2017 vs June 2016 were:

  • North Vancouver +1.2% for a single family home, +16.6% for a condo, and +8% for a townhome
  • West Vancouver -4.4% for a single family home, +21.5% for a condo
  • Coal Harbour -4% for a condo

Market types in June 2017

  • Metro Vancouver's Detched properties is a seller's market at 24.5% with 2.5 out of every 10 properties sold.
  • Metro Vancouver's Condo properties is a seller's market at 93.2% with 9.2 out of every 10 properties sold
  • Metro Vancouver's Townhome properties is a seller's market at 62% with 6.2 out of every 10 properties sold
  • North Vancouver Detached properties is a sellers market at 36.6% with 122 sales out of 333 listings
  • North Vancouver Condo properties is an accelerated seller's market at 127% with 127 sales out of 100 listings
  • North Vancouver Townhome properties is an strong seller's market at 78.8% with 41 sales out of 52 listings
  • West Vancouver Detached properties is a buyer's market at 13.1% with 64 sales out of 490 listings
  • West Vancouver Condo properties is a seller's market at 38.9% with 21 sales out of 54 listings
  • West Vancouver Townhome properties is a seller's market at 23.8% with 5 sales out of 21 listings
  • Coal Harbour Condos are in a seller's market at 50% with 26 sales out of 52 listings

 Read your full June 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 captured on July 4, 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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