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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 August 2015 Metro Vancouver Housing #'s are here and many buyers spent the summer searching for their new home. This year we did not see the tradtional seasonal slowdown in any of our residential markets. Between June and August home sales were 25-30% above the 10 year average. Buyers are motivated but facing stiff competition due to active listing inventory 26.2% below the same period in 2014.

 

Here are the hightlights

 

  • We saw a 21.3% increase in residential property sales in August 2015 compared to August 2014
  • August 2015's sales were 27.9% above the 10-year sales average for the month
  • The August sales-to-active-listings ratio was 30.9% for all Metro Vancouver, a strong seller's market
  • The August sales-to-active listings ratio for North Vancouver detached properties was 63.5%
  • The August sales-to-active listings ratio for North Vancouver condos & townhouses was 37.4%
  • The August sales-to-active listings ratio for West Vancouver detached properties was 19%
  • The August sales-to-active listings ratio for Coal Harbour condos was 40%
  • Sales of detached properties in August 2015 were 11.4% higher than August 2014 and 22.6% higher than August 2013
  • Sales of apartment properties in August 2015 were 32.7% higher than August 2014 and 46.8% higher than August 2013
  • Sales of attached properties in August 2015 were 18.7% higher than August 2014 and 30.2% higher than  August 2013

 

Click here for your full report: REBGV Metro Vancouver August 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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