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
September 7, 2016
by
Dodi Thorhaug
Lots happened in August 2015 in Metro Vancouver Real Estate - the introduction of a 15% tax foreign buyer's tax and the move, in just 4 weeks, from a seller's market in Metro Vancouver's* detached housing market, to a buyer's market except in North Vancouver, where buyer demand has kept it in a seller's market. Sales of Metro Vancouver attached properties, condos/townhomes/duplexes are still performing in a seller's market with strong buyer demand. So is the dramatic change in the sales of single family homes due to a summer slowdown, very low inventory, the new 15% tax, or a combination of all three? We will need to wait and see how the Fall market performs to answer that question.
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 August:
- For the first time in 2016 Metro Vancouver sales dropped below the 10-year-average for the month at -3.5%
- Sales of North Vancouver Detached Properties were 31% lower than August 2015 with 33% more inventory
- Sales of North Vancouver Attached Properties were 22.5% lower than August 2015 with 53% less inventory
- Sales of West Vancouver Detached Properties were 61% lower than August 2015 with 13% less inventory
- Sales of West Vancouver Attached Properties were 31.3% higher than August 2015 with 50% less inventory
- Sales of Downtown Condo Properties were 35% lower than August 2015 with 12.8% less inventory
Market types in August 2016:
- The Sales-To-Active listings ratio for Metro Vancouver was 29.3%, a seller's market, with 2.9 out of every 10 properties sold
- The Sales-To-Active listings ratio for North Vancouver Detached properties 33%, a seller's market, with 65 sales out of 197 listings
- The Sales-To-Active listings ratio for North Vancouver Attached properties was 62%, a seller's market, with 96 sales out of 156 listings
- The Sales-To-Active listings ratio for West Vancouver Detached properties was 8%, a buyer's market, with 32 sales out of 380 listings
- The Sales-To-Active listings ratio for West Vancouver Attached properties was 41%, a seller's market, with 21 sales out of 51 listings
- The Sales-To-Active listings ratio for Coal Harbour Condos was 25%, a seller's market, with 15 sales out of 61 listings
Read your full reports here: North Vancouver August 2016, West Vancouver August 2016, Vancouver West August 2016.
*Areas covered in Metro Vancovuer 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 September 1, 2016, from the Real Estate Board Of Greater Vancouver.
Posted on
September 7, 2016
by
Dodi Thorhaug
Please visit our Open House at 7 225 5 ST E in North Vancouver. Open House on Wednesday, September 7, 2016 10:00AM - 12:00PM Wow! This inviting townhome is a hidden gem within the Lower Lonsdale Neighbourhood. This attractive 1689 sq.ft. townhome offers privacy, southern exposure and views. Harbour views from the main level, inviting city views from the master bedroom and stunning views from the roof top deck. Complete with an attached oversized single garage and room to make your own wine. Enjoy a combined dining and living room with window seating, corner gas fireplace and hardwood flooring. A bright white traditional kitchen adjoins main floor family room. Easy access to southern exposed private patio. You will appreciate the tranquil atmosphere of the master bedroom with small balcony, 3 piece ensuite, nooks and crannies. The upper level design includes a home office/den and 2nd bedroom with full bath. Enjoy a glass of wine on the 266 sq. ft. roof top deck. St. James Place is 9 strata titled townhomes with a Proactive Council. New roof in 2015. Your North Shore lifestyle awaits.
Posted on
September 7, 2016
by
Dodi Thorhaug
Please visit our Open House at 7 225 5 ST E in North Vancouver. Open House on Sunday, September 11, 2016 2:00PM - 4:00PM Wow! This inviting townhome is a hidden gem within the Lower Lonsdale Neighbourhood. This attractive 1689 sq.ft. townhome offers privacy, southern exposure and views. Harbour views from the main level, inviting city views from the master bedroom and stunning views from the roof top deck. Complete with an attached oversized single garage and room to make your own wine. Enjoy a combined dining and living room with window seating, corner gas fireplace and hardwood flooring. A bright white traditional kitchen adjoins main floor family room. Easy access to southern exposed private patio. You will appreciate the tranquil atmosphere of the master bedroom with small balcony, 3 piece ensuite, nooks and crannies. The upper level design includes a home office/den and 2nd bedroom with full bath. Enjoy a glass of wine on the 266 sq. ft. roof top deck. St. James Place is 9 strata titled townhomes with a Proactive Council. New roof in 2015. Your North Shore lifestyle awaits.
Posted on
September 7, 2016
by
Dodi Thorhaug
I have listed a new property at 7 225 5 ST E in North Vancouver. Wow! This inviting townhome is a hidden gem within the Lower Lonsdale Neighbourhood. This attractive 1689 sq.ft. townhome offers privacy, southern exposure and views. Harbour views from the main level, inviting city views from the master bedroom and stunning views from the roof top deck. Complete with an attached oversized single garage and room to make your own wine. Enjoy a combined dining and living room with window seating, corner gas fireplace and hardwood flooring. A bright white traditional kitchen adjoins main floor family room. Easy access to southern exposed private patio. You will appreciate the tranquil atmosphere of the master bedroom with small balcony, 3 piece ensuite, nooks and crannies. The upper level design includes a home office/den and 2nd bedroom with full bath. Enjoy a glass of wine on the 266 sq. ft. roof top deck. St. James Place is 9 strata titled townhomes with a Proactive Council. New roof in 2015. Your North Shore lifestyle awaits.
Posted on
August 30, 2016
by
Dodi Thorhaug
Please visit our Open House at 1104 33 CHESTERFIELD PL in North Vancouver. Open House on Tuesday, August 30, 2016 10:00AM - 12:00PM 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. Make your appointment today.
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