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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 July 2015 Metro Vancouver Housing #'s are here, and summer heat hasn't slowed buyer activity. Despite the news, buyer confidence continues to be strong, and when combined with low interest rates, many are not wating to find first home, their next step on the property ladder or their dream home.

 

Here are the hightlights

 

  • We saw a 30% increase in residential property sales in July 2015 compared to July 2014
  • July 2015's sales were 33.5% above the 10-year sales average for the month
  • Overall for Metro Vancouver there are 5,000-6,000 less properties for sale than any time over the last 5 to 6 years
  • The July sales-to-active-listings ratio was 34.6% for all Metro Vancouver, a strong seller's market
  • The July sales-to-active listings ratio for North Vancouver detached properties was 61.05%
  • The July sales-to-active listings ratio for North Vancouver condos & townhouses was 45.05%
  • The July sales-to-active listings ratio for West Vancouver detached properties was 17.53%
  • The July sales-to-active listings ratio for Coal Harbour condos was 38.46%
  • Sales of detached properties in July 2015 were 17.9% higher than July 2014 and 24.8% higher than July 2013
  • Sales of apartment properties in July 2015 were 42.7% higher than July 2014 and 42.9% higher than July 2013
  • Sales of attached properties in July 2015 were 30.9% higher than July 2014 and 41.7% higher than July 2013

 

Click here for your full report: REBGV Metro Vancouver July 2015 Residential Sales

 

If you have any question on how to captialize on the current trends in your micro market, don't hesitate to give us a call! 604.644.3634

 

With todays market conditions, now is a great time to make a move! If you are planning on changing your lifestyle this year, we want to help you maket the right move! Let's talk 604.644.3634

 

Dodi and Rachael

 

*Areas covered in the Real Estate Board of Greater Vancouver's report include: Whistler, Sunshine Coas, 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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