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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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Despite listing inventory well below historical averages, the 2015 residential sales in Metro Vancouver were the highest annual total in REBGV history.

 

Here are some of the hightlights:

  • We saw a 27.8% increase in residential property sales in 2015 compared to  2014, and a 48.4% increase compared to 2013
  • MLS® Home Price Index (HPI) saw double-digit year-over-year price increases
  • The sales-to-active listing ratio stayed above 25% for 11 months in Metro Vancouver -  a strong seller's market

North Vancouver outperformed the Metro Vancouver averages: 

  • The sales-to-active listing ratio averaged 67% for North Vancouver Detached Properties - a fast paced seller's market, with an average of 9 days-on-market 
  • The sales-to-active listing rato averaged 45% for North Vancouver Attached Properties - a very strong seller's market, with an average of 19 days-on-market

In our markets comparing December 2015 to December 2014:

  • We saw 21.9% more sales of detached properties in North Vancouver with 50% less inventory
  • We saw 58% more sales of attached properties in North Vancouver with 40% less inventory
  • We saw 34% more sales of detached properties in West Vancouver with 10.7% less inventory

 

Click here for your full report: REBGV Metro Vancouver December 2015 Residential Sales

 

 With no slow down expected in the marke during 2016, now is the time to sell. if you are considering a change in lifestyle, or you'd like more information on your specific micro market. I'd love to talk to you! Please call 604.644.3634

 

Dodi

 

*Areas covered in the Real Estate Board of Greater Vancouver's report include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta

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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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