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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 Residential Sales 17% Above The 10-Year Avg For November

The Real Estate Board of Metro Vancouver reports:

Vancouver continues to experience above-average demand and below-average supply in our residential real estate markets. In November, Metro Vancouver* saw modest home listing changes and steady buyer demand. Last month, sales were 17% above the 10-year November average, and in-fact, home buyer activity has been operating above long-term averages throughout 2017, particulary in the condo and townhome markets. And, while we have seen an improvement in active listing levels in 2017, we have a longway to go before they rise back to more historically typical levels. 

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. I look forward to working for you. Regards, Dodi 604.644.3634

 

The MLS® HPI Benchmark Price of residential properties in November 2017 vs November 2016 were:

  • Metro Vancouver: +6.1% for a single family home, +23.9% for a condo, and +17.9% for a townhome
  • North Vancouver: +3.7% for a single family home, +23.5% for a condo, and +12.1% for a townhome
  • West Vancouver: +2.9% for a single family home and +17.4% for a condo
  • Coal Harbour +18.2% for a condo
 
 Market types for November 2017
  • Metro Vancouver's Detached properties is a balanced market at 15.3% with 852 sales out of 5,585 listings
  • Metro Vancouver's Condo properties is a seller's market at 67.4% with 1,514 sales out of 2,247 listings
  • Metro Vancouver's Townhome properties is a seller's market at 40.7% with 388 sales out of 953 listings
  • North Vancouver Detached properties is a seller's market at 21.3% with 76 sales out of 357 listings
  • North Vancouver Condo properties is a seller's market at 81% with 136 sales out of 168 listings
  • North Vancouver Townhome properties is a seller's market at 57.1% with 32 sales out of 56 listings
  • West Vancouver Detached properties is a buyer's market at 6.8% with 37 sales out of 541 listings
  • West Vancouver Condo properties is a seller's market at 20.3% with 13 sales out of 64 listings
  • Coal Harbour Condos are in a seller's market at 34% with 18 sales out of 53 listings

Read your full November reports here: North VancouverWest VancouverVancouver West

 

If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca

 

*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 current on December 4, 2017 from the Real Estate Board of Greater Vancouver 

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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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