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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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Once again residential sales in Metro Vancouver are outperforming the 10-year averages, with June 2016 the highest selling June on record. If you are considering selling or buying in the next six months, let's talk. The key to success in such an accelerated market is to be well prepared and getting you ready for all market conditions is my top priority! 

Regards, Dodi  604.644.3634

 

Here are the highlights: 

  • Overall for Metro Vancouver June 2016's sales were 28.1% above the 10 year average for the month
  • Sales of North Vancouver Detached Properties were 1.3% lower than June 2015 with 17.4% less inventory
  • Sales of North Vancouver Attached Properties were 3.4% higher than June 2015 with 57.4% less inventory
  • Sales of West Vancouver Detached Properties were 28.2% lower than June 2015 with 18.9% less inventory
  • Sales of West Vancouver Attached Properties were 12.5% higher than June 2015 with 38.9% less inventory
  • Sales of Downtown Condo Properties were 6.3% higher than June 2015 with 47% less inventory

Market types in June 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 56.3%, a seller's market, with 5.6 out of every 10 properties sold
  • The Sales-To-Active listings ratio for North Vancouver Detached properties 82%, a seller's market, with 156 sales out of 190 listings
  • The Sales-To-Active listings ratio for North Vancouver Attached properties was 112%, a seller's market, with 183 sales out of 164 listings
  • The Sales-To-Active listings ratio for West Vancouver Detached properties was 19%, a balanced market, with 74 sales out of 386 listings
  • The Sales-To-Active listings ratio for West Vancouver Attached properties was 49%, a seller's market, with 27 sales out of 55 listings
  • The Sales-To-Active listings ratio for Coal Harbour Condos was 39%, a seller's market, with 22 sales out of 57 listings

Read your full reports here: North Vancouver June 2016West Vancouver June 2016Vancouver West June 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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