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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 Home Buyers Show Caution Before 2018 Spring Market

The Real Estate Board of Metro Vancouver reports: In February, home buyers in North Vancouver remain active in all categories, however, home buyers across other Metro Vancouver cities are showing caution around property prices, new mortgage rules, rising interest rates and new tax rules. This buyer caution is mainly target at detchaed properties, while the supply of apartment and townhome properties is still unable to meet demand. Spring is traditionally the busiest time of year for home buyers and sellers inour market. We'll wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year."

 

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 February 2018 vs February 2017 were:

  • Metro Vancouver: +8.2% for a single family home, +27.2% for a condo, and +18.2% for a townhome
  • North Vancouver: +6.7% for a single family home, +24.3% for a condo, and +14.3% for a townhome
  • West Vancouver: +5.9% for a single family home and +26.2% for a condo
  • Coal Harbour +17.1% for a condo
 
 Market types for February 2017
  • Metro Vancouver's Detached properties is a buyer's market at 12.4% with 628 sales out of 5,061 listings
  • Metro Vancouver's Condo properties is a seller's market at 58.4% with 1,188 sales out of 2,034 listings
  • Metro Vancouver's Townhome properties is a seller's market at 40.7% with 342 sales out of 841 listings
  • North Vancouver Detached properties is a balanced market at 17.9% with 58 sales out of 324 listings
  • North Vancouver Condo properties is a seller's market at 62.4% with 88 sales out of 141 listings
  • North Vancouver Townhome properties is a seller's market at 39.1% with 18 sales out of 46 listings
  • West Vancouver Detached properties is a buyer's market at 5.9% with 24 sales out of 494 listings
  • West Vancouver Condo properties is a balanced market at 19.4% with 12 sales out of 62 listings
  • Coal Harbour Condos are in a balanced market at 19.6% with 11 sales out of 56 listings

Read your full February 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, Burnaby, Coquitlam, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on March 2, 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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