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
February 23, 2017
by
Dodi Thorhaug
Please visit our Open House at 305 BEAVER RD in North Vancouver. Open House on Saturday, February 25, 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 14, 2017
by
Dodi Thorhaug
Please visit our Open House at 305 BEAVER RD in North Vancouver. Open House on Saturday, February 18, 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 13, 2017
by
Dodi Thorhaug
Due to largely reduced buyer activity in the detached home market, January 2017 residentail sales in Metro Vancouver were 10.3% below the 10-year January sales average. Overall conditions within the Metro market vary depending on property type. The sales of attached properties, condos/townhomes/duplexes, are still performing in strong seller's markets. And in most Metro Vancouver cities, for detached properties, we continue to see buyer cautiion and the after effects of the 15% foreign buyers tax resulting in buyer's market conditions, except for North Vancouver which currently sits in a balanced market.
Are we seeing price corrections after last year's tax and mortgage changes: Let's take a closer look at our micro markets to compare prices year-over-year. The median sale prices of a single family homes in Metro Vancouver* January 2017 vs January 2016 were::
- North Vancouver -1%
- West Vancouver -12.8%
- Vancouver West -19.4%
- Vancouver East -8%
- Richmond +1.3%
- Tsawwassen -14.8%
- Ladner -5%
Here are the highlights for January 2017:
- January 2017 Metro Vancouver sales were 10.3% below the 10-year-average for the month
- Sales of North Vancouver Detached Properties were 51% lower than January 2016 with 6.6% more inventory
- Sales of North Vancouver Attached Properties were 27% lower than January 2016 with 6% less inventory
- Sales of West Vancouver Detached Properties were 74% lower than January 2016 with 14% more inventory
- Sales of West Vancouver Attached Properties were 35% lower than January 2016 with 22% less inventory
- Sales of Downtown Properties were 28% lower than January 2016 with 62% more inventory
Market types in January 2017
- Despite slower sales, Metro Vancouver's market type is still a seller's market at 21% with 2.1 out of every 10 properties sold
- North Vancouver Detached properties is a balanced market at 16% with 34 sales out of 209 listings
- North Vancouver Attached properties is a seller's market at 47% with 71 sales out of 150 listings
- West Vancouver Detached properties is a buyer's market at 6% with 21 sales out of 330 listings
- West Vancouver Attached properties is a seller's market at 30% with 15 sales out of 50 listings
- Coal Harbour Condos are in a seller's market at 37% with 20 sales out of 54 listings
Read your full reports here: North Vancouver January 2017, West Vancouver January 2017, Vancouver West January 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 February 1, 2017 from the Real Estate Board of Greater Vancouver
Posted on
February 9, 2017
by
Dodi Thorhaug
I have sold a property at 5197 MADEIRA CRT in North Vancouver.
You’re on top of the world from this prime cul- du sac location, in Canyon Heights. Offering panoramic views of the harbour & city. An extremely well maintained 3508 sq.ft. 2 level home, gardens & poolside patios. You will appreciate the sundrenched south facing, 10.534 sq. ft. lot w/ complete privacy. Custom built "Crest Home". A welcoming tiled foyer w/vaulted ceiling. Open plan dining room w/ access to wrap around south facing sun decks. A highly utilized bright kitchen offers a centre island, ss appliances, eating area with vaulted ceiling & an abundance of light. Appreciate oversized master bedroom, deluxe ensuite & walk in closet. The main floor family room & powder room complete main level living. Two outstanding fireplaces. A pleasant surprise awaits the custom designed lower level w/ garden access to large patios surrounding the kidney shaped pool. Media room, rec room, change room, bedroom & 3 pc bath await your friends. Att. garage & flat driveway complete the classic curb appeal. By Appt
Posted on
February 7, 2017
by
Dodi Thorhaug
Please visit our Open House at 305 BEAVER RD in North Vancouver. Open House on Tuesday, February 7, 2017 10:00AM - 12:00PM 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!
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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.