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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:

"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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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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