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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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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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