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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

More supply and less demand seen across Metro Vancouver Housing Market

The Real Estate Board of Metro Vancouver reports:

While the supply of homes for sale has increased across Metro Vancouver, home buyer demand has remained below typical levels for this time of year. Last month’s Metro Vancouver sales were 36.1% below the 10-year September average. Since spring 2018, home listings have risen to levels we haven’t seen in over four years. Despite better choice, one of the reasons buyer demand has moved away from the fast pace of 2015 to 2017 can be attributed to the new mortgage stress test rules. Prices have not adjusted, and buyer’s are now left with less buying power. It is important for both home buyers and sellers to understand what these trends mean to them and what strategies they can deploy in this market


The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. 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 September 2018 vs September 2017 were:

  • Metro Vancouver: - 4.5% for a single family home, +7.4% for a condo, and +6.4% for a townhome
  • North Vancouver: -5.4%% for a single family home, +6% for a condo, and +5.9% for a townhome
  • West Vancouver: -11.4% for a single family home and +5.2% for a condo
  • Coal Harbour +7.9% for a condo
 
 Market types for September 2018
  • Metro Vancouver's Detached properties is a buyer's market at 7.6% with 513 sales out of 6,787 listings
  • Metro Vancouver's Condo properties is a balanced market at 17.7% with 816 sales out of 4,616 listings
  • Metro Vancouver's Townhome properties is a balanced market at 16% with 253 sales out of 1,584 listings
  • North Vancouver Detached properties is a buyer's market at 8.2% with 41 sales out of 498 listings
  • North Vancouver Condo properties is a balanced market at 17.9% with 57 sales out of 318 listings
  • North Vancouver Townhome properties is a balanced market at 19.4% with 20 sales out of 103 listings
  • West Vancouver Detached properties is a buyer's market at 4.3% with 25 sales out of 582 listings
  • West Vancouver Condo properties is a buyer's market at 6.3% with 7 sales out of 111 listings
  • Coal Harbour Condos are in a buyer's market at 11% with 11 sales out of 100 listings

Read your full September 2018 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, Burnaby, Coquitlam, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on October 2nd, 2018 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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