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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

Steady Sales Characterize 2016 Metro Vancouver Housing Market

The Real Estate Board of Metro Vancouver reports:

“After reaching record levels in 2015 and 2016, Metro Vancouver’s home sales moved toward more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity - especially in the condo and townhome categories. Metro Vancouver’s home sales were the third highest we’ve seen in the past ten years while the home listing total was the second lowest on record for the same period. 2017’s sales were 9.7% above the 10-year average, and home listings were 4.4% below the 10-year average."

 

With over 2,300 real estate transactions and over 28 years of helping generations of people realize a great life on the North Shore and in Coal Harbour, my business is you! Ensuring you make informed decisions for all your real estate needs is 2018 is my mission. I sincerely look forward to working for you. Regards, Dodi 604.644.3634

 

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

  • Metro Vancouver: +7.9% for a single family home, +25.9% for a condo, and +18.5% for a townhome
  • North Vancouver: +5.2% for a single family home, +22.2% for a condo, and +16.1% for a townhome
  • West Vancouver: +4% for a single family home and +19.5% for a condo
  • Coal Harbour +24.3% for a condo
 
 Market types for November 2017
  • Metro Vancouver's Detached properties is a balanced market at 15.6% with 630 sales out of 4,050 listings
  • Metro Vancouver's Condo properties is a seller's market at 61.3% with 1,034 sales out of 1,687 listings
  • Metro Vancouver's Townhome properties is a seller's market at 44.5% with 318 sales out of 714 listings
  • North Vancouver Detached properties is a seller's market at 32.7% with 70 sales out of 214 listings
  • North Vancouver Condo properties is a seller's market at 70.3% with 78 sales out of 111 listings
  • North Vancouver Townhome properties is a seller's market at 33.3% with 16 sales out of 48 listings
  • West Vancouver Detached properties is a buyer's market at 7.7% with 30 sales out of 388 listings
  • West Vancouver Condo properties is a seller's market at 18.9% with 10 sales out of 53 listings
  • Coal Harbour Condos are in a seller's market at 29% with 1034 sales out of 53 listings

Read your full October reports here: North Vancouver, West 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 January 3, 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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