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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 been following our blog, or the news, its no surprise that homes sales reached near record levels last month. Metro Vancouver's November 2015 residential real estate sales rank as the second hghest November on record. While the sales-to-listing ratio is the highest it's been in this market for nine years.

 

Here are some of the hightlights:

=We saw a 40% increase in residential property sales in November 2015 compared to November 2014

=November 2015's sales were 46.2% above the 10-year sales average for the month
=The November sales-to-active-listings ratio was 43.5% for all Metro Vancouver
=The November sales-to-active listings ratio for North Vancouver detached properties was 80%
=The November sales-to-active listings ratio for North Vancouver condos & townhouses was 70.5%
=The November sales-to-active listings ratio for West Vancouver detached properties was 23.8%
=The November sales-to-active listings ratio for Coal Harbour condos was 39.5%
=Sales of detached properties in November 2015 were 31.9% higher than November 2014 and 44.2% higher than November 2013
=Sales of apartment properties in November 2015 were 47.6% higher than November 2014 and 60.3% higher than November 2013
=Sales of attached properties in November 2015 were 40.7% higher than November 2014 and 49.3% higher than November 2013

 

In our markets comparing November 2015 to November 2014:

=We saw 36.9% more sales of detached properties in North Vancouver with 45% less inventory

=We saw 50.5% more sales of attached properties in North Vancouver with 48% less inventory

=We saw 32% more sales of detached properties in West Vancouver with 12.5% less inventory

 

Click here for your full report: REBGV Metro Vancouver November 2015 Residential Sales

 

If you would like to more about specific micro markets, neighbourhoods, or have any question on how to captialize on the current trends, we'd love to talk to you! 604.644.3634

 

Dodi and Rachael

 

*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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