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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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If you've been following the real estate trends, or listening to the news,  then it should be no surprise Metro Vancouver's residential real estate sales set an all-time record in March. For the first time ever, sales eclipsed 5,000, with a total of 5,173 residential sales. In our North Vancouver Detached and Attached markets we saw sales-to-listing ratios of +100% of listings sold, due to listings selling faster than the listing were replenished. In such an accelerated market, now reallly is the opportune time to sell a property in our markets. If you are considering selling, give me a call 604.644.3634, If my sign is on your lawn you're moving! Regards, Dodi

 

Here are some highlights: 

  • Overal for Metro Vancouver March 2016's sales were 56% above the 10 year average for the month
  • Sales of North Vancouver Detached Properties were 4% lower than March 2015 with 36% less inventory
  • Sales of North Vancouver Attached Properties were 3% higher than March 2015 with 66.7% less inventory
  • Sales of West Vancouver Detached Properties were 44.6% higher than March 2015 with 31.5% less inventory
  • Sales of West Vancouver Attached Properties were 7% below March 2015 due to 43% less inventory
  • Sales of Downtown condo properties were 22% higher than March 2015 with 53% less inventory

Seller's Markets in March 2016:

  • The Sales-To-Active listings ratio for Metro Vancouver was 70%, with 7 out of every 10 properties sold
  • The Sales-To-Active listings ratio for North Vancouver Detached properties was 108%, with 10+ out of every 10 homes sold
  • The Sales-To-Active listings ratio for North Vancouver Attached properties was 126%, with 10+ of every 10 homes sold
  • The Sales-To-Active listings ratio for West Vancouver Detached properties was 46%, with 4.6 out of every 10 homes sold
  • The Sales-To-Active listings ratio for West Vancouver Attached properties was 49%, with 4.9 out of every 10 homes sold
  • The Sales-To-Active listings ratio for Coal Harbour Condos was 118%, with 10+ out of every 10 homes sold

Read your full report here: REBGV March 2016 Residential Stats Package.

 

*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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