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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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Metro Vanouver's residential real estate continues to sell at an uprecedented rate, resulting in last month's sales ranking as the hightest May on record.  We have started to see a few more home seller's enter the market place in recent months, however buyer demand continues to outpace this new supply. Sellers should fee secure that there are many property options in our micro markets for them to move up or down the property ladder.  If you are considering selling, please give me a call 604.644.3634. If my sign is on your lawn you're moving! Regards, Dodi

 

Here are some highlights: 

  • Overall for Metro Vancouver May 2016's sales were 35.3% above the 10 year average for the month
  • Sales of North Vancouver Detached Properties were 7% lower than May 2015 with 15.7% less inventory
  • Sales of North Vancouver Attached Properties were 14.8% higher than May 2015 with 68.9% less inventory
  • Sales of West Vancouver Detached Properties were 4% higher than May 2015 with 18.5% less inventory
  • Sales of West Vancouver Attached Properties were 23.5% higher than May 2015 with 53.9% less inventory
  • Sales of Downtown Condo Properties were 13.9% higher than May 2015 with 49.6% less inventory

Seller's Markets in May 2016: (note, when a sales to listing ratio exceeds 100%, properties are selling faster than the listing inventory is being replenished.)

  • The Sales-To-Active listings ratio for Metro Vancouver was 61.7%, with 6.1 out of every 10 properties sold
  • The Sales-To-Active listings ratio for North Vancouver Detached properties was 65%, with 6.5 out of every 10 homes sold
  • The Sales-To-Active listings ratio for North Vancouver Attached properties was 132%, with 13.2 of every 10 homes sold
  • The Sales-To-Active listings ratio for West Vancouver Detached properties was 27%, with 2.7 out of every 10 homes sold
  • The Sales-To-Active listings ratio for West Vancouver Attached properties was 89%, with 4.1 out of every 10 homes sold
  • The Sales-To-Active listings ratio for Coal Harbour Condos was 103%, with 10.3 out of every 10 condos sold

Read your full reports here: North Vancouver May 2016West Vancouver May 2016Vancouver West May 2016.

 

*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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