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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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2014 proved to be a busy year for residential sales in Greater Vancouver. Overall resiidential listing sales ranked 5th when compared to the last 10 years of activity.

 

The Real Estate Board of Greater Vancouver reports that 2014 total sales of detached, attached and apartment properties increased by 16.1% compared to 2013, and a 32.3% increase compared to 2012. Active listings in Greater Vancouver increased by 2.4% when compared to 2013, and declined by 4% when compared to 2012. Overall market conditions were balanced, for both buyers and sellers, even though we experienced some upward pressure on home prices over the course of the year. 

 

If we look closely at our North Vancouver market we experienced a very strong seller's market for single family homes, and in the second half of 2014 sales and listing activity for attached properties (condos and townhoused) kept this segment firmly in a balanced market with strong momentum into 2015. With Buyer demand outpacing current listing inventory for detached homes in North Vancouver, if you are planning to sell your home, 2015 is shaping up to be a great year to do it.

 

North Vancouver:

Deatched home sales were: +13.9% over 2013, and +4.8% over 2012

Deatched listing inventory was: 19.8% lower than 2013, and 13.9% lower than 2012

North Vancouver:

Attached homes sales were: +15.9% over 2013, and +21.6% over 2012

Attached listings was: +3% over 2013 and even to 2012

 

In West Vancouver we saw continued improvement in sales, especially when compared to 2012.

 

West Vancouver: 

Detached home sales were:+7.9% to 213 and +37.2% to 2012

Detached listing inventory was: 8.1% lower than 2013 and even to 2012

 

Click here REBGV December 2014 for your full stats package. If you are planning a lifestyle change or have any questions on how your micro market is performing, we'd love to talk to you. 2015 could be your year to make a move!

Regards, Dodi and Rachael

 

 

 

 

 

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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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