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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

Metro Vancouver | Better Selection for Home Buyer's in June 2018

The Real Estate Board of Metro Vancouver reports:

"Rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buyer activity today. With buyer’s less active, especially in the detached market, the supply of homes for sales has accumulated to levels we haven’t seen in the last few years. Last month’s overall residential sales for Metro Vancouver were 28.7% below the 10-year average for June. However, condo and townhome sales in Metro Vancouver are still performing in Seller’s markets."


The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. 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 June 2018 vs June 2017 were:

  • Metro Vancouver: +0.6% for a single family home, +17.2% for a condo, and +15.3% for a townhome
  • North Vancouver: +0% for a single family home, +14.1% for a condo, and +11.9% for a townhome
  • West Vancouver: -5.8% for a single family home and +10.1% for a condo
  • Coal Harbour +18.4% for a condo
 
 Market types for June 2018
  • Metro Vancouver's Detached properties is a buyer's market at 11.4% with 778 sales out of 6,796 listings
  • Metro Vancouver's Condo properties is a seller's market at 33% with 1,246 sales out of 3,769 listings
  • Metro Vancouver's Townhome properties is a seller's market at 27.7% with 373 sales out of 1,346 listings
  • North Vancouver Detached properties is a balanced market at 17% with 80 sales out of 470 listings
  • North Vancouver Condo properties is a seller's market at 37.9% with 81 sales out of 214 listings
  • North Vancouver Townhome properties is a seller's market at 34.4% with 33 sales out of 96 listings
  • West Vancouver Detached properties is a buyer's market at 5.4% with 34 sales out of 630 listings
  • West Vancouver Condo properties is a buyer's market at 14.1% with 13 sales out of 92 listings
  • Coal Harbour Condos are in a balanced market at 18% with 15 sales out of 82 listings

Read your full February reports here: North VancouverWest Vancouver, Vancouver 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, Burnaby, Coquitlam, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on July 5, 2018 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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