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
October 19, 2016
by
Dodi Thorhaug
Please visit our Open House at 3064 FROMME RD in North Vancouver. Open House on Saturday, October 22, 2016 2:00PM - 4:00PM Stunning is the only way to describe this one year old detached strata titled garden home. A detached property with an attached price! Incredible value offered in this 2,232 sq.ft. modern design. From vaulted ceilings, gourmet kitchen, gas cook top, heated hardwood & tile flooring, i-phone enabled Led lighting, gas fireplace, high efficiency Navian heating system, California shutters & custom mill work. You will appreciate the privacy, the abundance of sunlight & a highly utilized 4 bedroom, 4 bathroom floor plan. The lower level features oversized family room with direct access to a sun filled patio, 4th bedroom and bathroom. Enjoy high end finishings, 9' ceilings, your own garage plus parking pad. Meticulously landscaped. Low maintenance exterior. No GST. Located within the heart of Lynn Valley Centre. Act Now. Showings commence October 12, 2016 at 10:00 a.m.
Posted on
October 12, 2016
by
Dodi Thorhaug
Since August 1, 2016 we've seen some drastic changes in buyer demand for real estate in Metro Vancouver*. While attached propeties continue to perform in strong seller's markets, In just over two months Metro Vancouver* Detached properties moved from accellerated seller's markets to buyer's markets, the only exception was in North Vancouver which is now balanced. While we have seen a slow down in sales for single family homes, we are not seeing the same for sales prices.
The median price of a single family home in September 2016 vs September 2015
- North Vancouver 18% higher
- West Vancouver 13.3% higher
- Vancouver West 3.5% higher
- Vancouver East 20% higher
- Richmond 31.4% higher
- Tsawwassen 29.6% higher
- Ladner 17% higher
The key to success in any market is to be well prepared, and getting you ready for all market conditions is my top priority! If you are planning a change in lifestyle this Fall, let's work together to make it happen. Dodi 604.644.3634
Here are the highlights for September:
- September 2016 Metro Vancouver sales dropped 9.6% below the 10-year-average for the month
- Sales of North Vancouver Detached Properties were 50% lower than September 2015 with 56.3% more inventory
- Sales of North Vancouver Attached Properties were 12.4% lower than September 2015 with 38.6% less inventory
- Sales of West Vancouver Detached Properties were 66% lower than September 2015 with 12.5% less inventory
- Sales of West Vancouver Attached Properties were 43% lower than September 2015 with 34.4% less inventory
- Sales of Downtown Condo Properties were 26.7% lower than September 2015 with 10.9% less inventory
Market types in September 2016:
- Metro Vancouver's Sales-to-Active listing ratio is the lowest since February 2015
- Metro Vancouver's market type is a seller's market at 24.1% with 2.4 out of every 10 properties sold
- North Vancouver Detached properties is a balanced market at 17% with 54 sales out of 311 listings
- North Vancouver Attached properties is a seller's market at 61% with 127 sales out of 207 listings
- West Vancouver Detached properties is a buyer's market at 6% with 23 sales out of 412 listings
- West Vancouver Attached properties is a seller's market at 29% with 17 sales out of 59 listings
- Coal Harbour Condos are in a seller's market at 39% with 24 sales out of 62 listings
Read your full reports here: North Vancouver September 2016, West Vancouver September 2016, Vancouver West September 2016.
*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 October 3, 2016, from the Real Estate Board Of Greater Vancouver.
Posted on
October 12, 2016
by
Dodi Thorhaug
Please visit our Open House at 3064 FROMME RD in North Vancouver. Open House on Sunday, October 16, 2016 2:00PM - 4:00PM Stunning is the only way to describe this one year old detached strata titled garden home. A detached property with an attached price! Incredible value offered in this 2,232 sq.ft. modern design. From vaulted ceilings, gourmet kitchen, gas cook top, heated hardwood & tile flooring, i-phone enabled Led lighting, gas fireplace, high efficiency Navian heating system, California shutters & custom mill work. You will appreciate the privacy, the abundance of sunlight & a highly utilized 4 bedroom, 4 bathroom floor plan. The lower level features oversized family room with direct access to a sun filled patio, 4th bedroom and bathroom. Enjoy high end finishings, 9' ceilings, your own garage plus parking pad. Meticulously landscaped. Low maintenance exterior. No GST. Located within the heart of Lynn Valley Centre. Act Now. Showings commence October 12, 2016 at 10:00 a.m.
Posted on
October 12, 2016
by
Dodi Thorhaug
Please visit our Open House at 1104 33 CHESTERFIELD PL in North Vancouver. Open House on Saturday, October 15, 2016 2:00PM - 4:00PM 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. Public Open House Saturday, October 15th 2-4 p.m.
Posted on
October 12, 2016
by
Dodi Thorhaug
I have listed a new property at 3064 FROMME RD in North Vancouver. Stunning is the only way to describe this one year old detached strata titled garden home. A detached property with an attached price! Incredible value offered in this 2,232 sq.ft. modern design. From vaulted ceilings, gourmet kitchen, gas cook top, heated hardwood & tile flooring, i-phone enabled Led lighting, gas fireplace, high efficiency Navian heating system, California shutters & custom mill work. You will appreciate the privacy, the abundance of sunlight & a highly utilized 4 bedroom, 4 bathroom floor plan. The lower level features oversized family room with direct access to a sun filled patio, 4th bedroom and bathroom. Enjoy high end finishings, 9' ceilings, your own garage plus parking pad. Meticulously landscaped. Low maintenance exterior. No GST. Located within the heart of Lynn Valley Centre. Act Now. Showings commence October 12, 2016 at 10:00 a.m.
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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.