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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 October 2016 Sales Report

Property sales in Metro Vancouver dipped 15% below the 10-year average in October, however prices continue to trend above 2015. Overall detached property sales have seen the largest reduction in home buyer demand in recent months, while attached property sales continue to perform in seller's markets.  The Real Estate Board of Greater Vancouver reports that "changing market conditions compounded by a series of government interventions this year have put home buyers and sellers in a holding pattern.Potential buyers and sellers are taking a wait-and-see approach to try and better understand what these changes mean for them."


The median price of a single family home in Metro Vancouver* October 2016 vs October 2015 was:

  • North Vancouver 7.3% higher
  • West Vancouver 26.9% higher
  • Vancouver West 10.2% higher
  • Vancouver East 10% higher
  • Richmond 14% higher
  • Tsawwassen 6.5% higher
  • Ladner 4.8% higher

 The key to success in any 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, let's work together to make it happen. Let's talk! Regards, Dodi 604.644.3634


Here are the highlights for October: 

  • October 2016 Metro Vancouver sales dropped 15% below the 10-year-average for the month 
  • Sales of North Vancouver Detached Properties were 52.3% lower than October 2015 with 109% more inventory
  • Sales of North Vancouver Attached Properties were 32.7% lower than October 2015 with 32.7% less inventory
  • Sales of West Vancouver Detached Properties were 79% lower than October 2015 with 1% more inventory
  • Sales of West Vancouver Attached Properties were 48% lower than October 2015 with 33.7% less inventory
  • Sales of Downtown Condo Properties were 42.3% lower than October 2015 with 5.4% more inventory

Market types in October 2016: 

  • Despite slower sales, Metro Vancouver's market type is a seller's market at 24.4% with 2.4 out of every 10 properties sold
  • North Vancouver Detached properties is a balanced market at 20% with 62 sales out of 312 listings
  • North Vancouver Attached properties is a seller's market at 52% with 103 sales out of 197 listings
  • West Vancouver Detached properties is a buyer's market at 6% with 24 sales out of 418 listings
  • West Vancouver Attached properties is a seller's market at 24% with 13 sales out of 55 listings
  • Coal Harbour Condos are in a seller's market at 29% with 18 sales out of 63 listings

Read your full reports here: North Vancouver October 2016West Vancouver October 2016Vancouver West October 2016.


*Areas covered in Metro Vancouver include: Downtown Vancouver, Vancouver West, Vancouver East, North Vancouver, West Vancouver, Richmond, Tsawwassen, Ladner


The accuracy and completeness of the information is not guaranteed. Data was captured on November 1, 2016, from the Real Estate Board Of Greater Vancouver.


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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.