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
Posted on
March 9, 2017
by
Dodi Thorhaug
I have sold a property at 1104 33 CHESTERFIELD PL in North Vancouver.
This is Your opportunity to own a one of a kind “waterfront property." This unit offers well planned one level living, featuring 1503 sq. ft. 2 bedroom, 2 bathroom, and an extremely open plan living room, dining room and kitchen. Tucked away on the west side of "Harbour View Park”, this convenient and private location offers everything you could want. You will appreciate floor to ceiling windows and 2 southwestern facing patios with accessibility from 4 sets of patio doors. Oversized living spaces, gas fireplace, hardwood floors, insuite laundry room and much much more! "Harbourview Park" has been a well maintained complex with a proactive Council. 2 underground secured parking spaces. An abundance of Visitor Parking. Rentals are not allowed. You are welcome to bring your cat. This convenient location provide easy walking distance to the Quay and rapid transportation. Immediate Possession.
Posted on
March 7, 2017
by
Dodi Thorhaug
Despite slower sales than 2016's hot market, Metro Vancouver is still performing in a seller's market.The sales-to-active listing ratio for February 2017 is 31.9%, a 10-point increase from January. The Real Estate Board of Greater Vancouver reports, "While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today's demand. This is why we've seen little downward pressure on home prices, particularly in the condominium and townhome markets."
The MLS HPI Benchmark Price of residential properties in Metro Vancouver* February 2017 vs February 2016 were::
- North Vancouver +12.6% for a single family home, +16.1% for a condo, +17.3% for a townhome
- West Vancouver +8.3% for a single family home, +22.9% for a condo
- Vancouver West +13.9% for a single family home, +10.2% for a condo, +17.9% for a townhome
- Vancouver East +12.6% for a single family home, +15.8% for a condo, +8.4% for a townhome
- Richmond +14% for a single family home, +20.3% for a condo, +19.4% for a townhome
- Tsawwassen +7.5% for a single family home, +17.8% for a condo, +16.7% for a townhome
- Ladner +6.8% for a single family home, +13.5% for a condo, +14.3% for a townhome
Market types in February 2017
- Despite slower sales, Metro Vancouver's market type is still a seller's market at 31.9% with 3.2 out of every 10 properties sold
- North Vancouver Detached properties is a sellers market at 34.1% with 88 sales out of 258 listings
- North Vancouver Attached properties is an accelerated seller's market at 77.5% with 124 sales out of 160 listings
- West Vancouver Detached properties is a buyer's market at 9% with 35 sales out of 390 listings
- West Vancouver Attached properties is a seller's market at 35% with 19 sales out of 54 listings
- Coal Harbour Condos are in a seller's market at 52% with 25 sales out of 48 listings
Read your full reports here: North Vancouver February 2017, West Vancouver February 2017, Vancouver West February 2017.
The key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority in 2017! 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
*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 captured on March 2, 2017 from the Real Estate Board of Greater Vancouver
Posted on
March 7, 2017
by
Dodi Thorhaug
Please visit our Open House at 305 BEAVER RD in North Vancouver. Open House on Sunday, March 12, 2017 2:00PM - 4:00PM You're on top of the world in this magnificent family home! Enjoy the expansive views, sunsets, mountain air & southern exposure from this custom built Upper Delbrook home. Architecturally designed w/a highly utilized floor plan to raise a growing family. Approx. 3850 sq. ft. 3 level hillside house boasts 6 bedrooms & 2 home offices. Expansive windows throughout south facing kitchen, eating area & main floor family room. All principal rooms open onto southern exposed covered sundecks. Vaulted ceilings, hardwood flooring, gas fireplaces, new blinds. You will enjoy new bright white kitchen w/centre island, gas cooktop, steam oven, ss refrigerator & computer nook. Raise your family w/3 bedrooms located on the upper level. 4th bedroom on main, 5th & 6th bedroom in lower level. This comfortable design provides his & her home offices. Oversized recreation room w/3rd gas fireplace, abundance of windows & access onto private southern exposed gardens. Retire to a generous sized master w/ expansive views. ACT NOW!
Posted on
March 2, 2017
by
Dodi Thorhaug
Please visit our Open House at 305 BEAVER RD in North Vancouver. Open House on Sunday, March 5, 2017 2:00PM - 4:00PM You're on top of the world in this magnificent family home! Enjoy the expansive views, sunsets, mountain air & southern exposure from this custom built Upper Delbrook home. Architecturally designed w/a highly utilized floor plan to raise a growing family. Approx. 3850 sq. ft. 3 level hillside house boasts 6 bedrooms & 2 home offices. Expansive windows throughout south facing kitchen, eating area & main floor family room. All principal rooms open onto southern exposed covered sundecks. Vaulted ceilings, hardwood flooring, gas fireplaces, new blinds. You will enjoy new bright white kitchen w/centre island, gas cooktop, steam oven, ss refrigerator & computer nook. Raise your family w/3 bedrooms located on the upper level. 4th bedroom on main, 5th & 6th bedroom in lower level. This comfortable design provides his & her home offices. Oversized recreation room w/3rd gas fireplace, abundance of windows & access onto private southern exposed gardens. Retire to a generous sized master w/ expansive views. ACT NOW!
Posted on
February 28, 2017
by
Dodi Thorhaug
I have sold a property at 1908 151 2ND ST W in North Vancouver.
Your ideal opportunity to live in Lower Lonsdale! Incredible views from this fabulous 1 bedroom condo @ Sky. Enjoy the sunrise and an evening barbecue from this fabulous unit. Approx. 610 sq. ft. 1 bedroom condo features new hardwood flooring, 9’ ceilings & floor to ceiling windows. An open plan dining & living room with electric fireplace. Appreciate a highly utilized bright white kitchen, centre island and gas cook top. 70 sq. ft. south east covered balcony. 1 parking stall, 1 locker. Rentals are allowed and pets are restricted. You won’t be disappointed.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.