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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 Sales Resemble A More Typical July

For the first time since January, July 2016's home sales registered below 4,000 units for Metro Vancouver. So after several months of record-breaking residential sales, are we just seeing a traditional summer slow down, the effects of historically low inventory levels, the first effects of the new 15% foreign buyer's tax, or a combination of all three? Too soon to tell most likely. We will have to wait and watch over the next few months to see if we are begining to see a return to more normal market trends.


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! If you are planning a change in lifestyle this fall, let's work together to make it happen. Let's talk, Dodi  604.644.3634


Here are the highlights: 

  • Overall for Metro Vancouver July 2016's sales were 6.5% above the 10 year average for the month
  • Sales of North Vancouver Detached Properties were 17.2% lower than July 2015 with 11.6% more inventory
  • Sales of North Vancouver Attached Properties were 15.2% lower than July 2015 with 56.6% less inventory
  • Sales of West Vancouver Detached Properties were 45.7% lower than July 2015 with 10.4% less inventory
  • Sales of West Vancouver Attached Properties were 10.5% higher than July 2015 with 41% less inventory
  • Sales of Downtown Condo Properties were 31.8% lower than July 2015 with 30% less inventory

Market types in July 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 38.6%, a seller's market, with 3.9 out of every 10 properties sold
  • The Sales-To-Active listings ratio for North Vancouver Detached properties 45%, a seller's market, with 96 sales out of 212 listings
  • The Sales-To-Active listings ratio for North Vancouver Attached properties was 88%, a seller's market, with 139 sales out of 158 listings
  • The Sales-To-Active listings ratio for West Vancouver Detached properties was 11%, a buyer's market, with 44 sales out of 414 listings
  • The Sales-To-Active listings ratio for West Vancouver Attached properties was 36%, a seller's market, with 21 sales out of 59 listings
  • The Sales-To-Active listings ratio for Coal Harbour Condos was 53%, a seller's market, with 28 sales out of 53 listings

Read your full reports here: North Vancouver July 2016, West Vancouver July 2016Vancouver West July 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


The accuracy and completeness of the information is not guaranteed.

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Dodi Thorhaug Realty Inc.
Serving North Vancouver, West Vancouver and Coal Harbour

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.