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
June 7, 2016
by
Dodi Thorhaug
Metro Vanouver's residential real estate continues to sell at an uprecedented rate, resulting in last month's sales ranking as the hightest May on record. We have started to see a few more home seller's enter the market place in recent months, however buyer demand continues to outpace this new supply. Sellers should fee secure that there are many property options in our micro markets for them to move up or down the property ladder. If you are considering selling, please give me a call 604.644.3634. If my sign is on your lawn you're moving! Regards, Dodi
Here are some highlights:
- Overall for Metro Vancouver May 2016's sales were 35.3% above the 10 year average for the month
- Sales of North Vancouver Detached Properties were 7% lower than May 2015 with 15.7% less inventory
- Sales of North Vancouver Attached Properties were 14.8% higher than May 2015 with 68.9% less inventory
- Sales of West Vancouver Detached Properties were 4% higher than May 2015 with 18.5% less inventory
- Sales of West Vancouver Attached Properties were 23.5% higher than May 2015 with 53.9% less inventory
- Sales of Downtown Condo Properties were 13.9% higher than May 2015 with 49.6% less inventory
Seller's Markets in May 2016: (note, when a sales to listing ratio exceeds 100%, properties are selling faster than the listing inventory is being replenished.)
- The Sales-To-Active listings ratio for Metro Vancouver was 61.7%, with 6.1 out of every 10 properties sold
- The Sales-To-Active listings ratio for North Vancouver Detached properties was 65%, with 6.5 out of every 10 homes sold
- The Sales-To-Active listings ratio for North Vancouver Attached properties was 132%, with 13.2 of every 10 homes sold
- The Sales-To-Active listings ratio for West Vancouver Detached properties was 27%, with 2.7 out of every 10 homes sold
- The Sales-To-Active listings ratio for West Vancouver Attached properties was 89%, with 4.1 out of every 10 homes sold
- The Sales-To-Active listings ratio for Coal Harbour Condos was 103%, with 10.3 out of every 10 condos sold
Read your full reports here: North Vancouver May 2016, West Vancouver May 2016, Vancouver West May 2016.
*Areas covered in the Real Estate Board of Greater Vancouver's report include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta
Posted on
June 7, 2016
by
Dodi Thorhaug
Please visit our Open House at 1260 ELDON RD in North Vancouver. Open House on Tuesday, June 7, 2016 10:00AM - 12:00PM …Where Tradition & Old World Charm are Everything! If you enjoy the character of wainscotting, leaded glass windows, nooks & crannies, this is meant to be your Home! Custom built 2800 sq. ft. 2 storey home w/ the classic 4 bedrooms on the upper level. The Master bedroom enjoys full ensuite, walk in closet & a private den featuring gas fireplace & skylight. An oversized south facing living room & dining room. Appreciate the cozy family room w/ fireplace & leaded glass windowed nook. Your own personal library and/or office awaits. A highly utilized bright white kitchen, breakfast nook, mudroom & main floor laundry are the essentials to raise your children. Easy access to a very private mature landscaped garden. Outdoor space includes private patio, a hobby room & covered area for a hot tub. An ideal location w/Cleveland elementary School located across the street. 12,500 sq. ft. lot. This property can comfortably host family gatherings, annual office barbecues & your North Shore Lifestyle.
Posted on
June 4, 2016
by
Dodi Thorhaug
Please visit our Open House at 1260 ELDON RD in North Vancouver. Open House on Sunday, June 5, 2016 2:00PM - 4:00PM …Where Tradition & Old World Charm are Everything! If you enjoy the character of wainscotting, leaded glass windows, nooks & crannies, this is meant to be your Home! Custom built 2800 sq. ft. 2 storey home w/ the classic 4 bedrooms on the upper level. The Master bedroom enjoys full ensuite, walk in closet & a private den featuring gas fireplace & skylight. An oversized south facing living room & dining room. Appreciate the cozy family room w/ fireplace & leaded glass windowed nook. Your own personal library and/or office awaits. A highly utilized bright white kitchen, breakfast nook, mudroom & main floor laundry are the essentials to raise your children. Easy access to a very private mature landscaped garden. Outdoor space includes private patio, a hobby room & covered area for a hot tub. An ideal location w/Cleveland elementary School located across the street. 12,500 sq. ft. lot. This property can comfortably host family gatherings, annual office barbecues & your North Shore Lifestyle.
Posted on
May 28, 2016
by
Dodi Thorhaug
Please visit our Open House at 3465 SUNSET BLVD in North Vancouver. Open House on Sunday, May 29, 2016 2:00PM - 4:00PM Charming Edgemont Rancher located west side of Edgemont Village and filled with lots of love. This 3 bedroom home offers a mature garden and a sun drenched south facing sun deck. Appreciate the open plan living & dining rooms, gas fireplace, original hardwood floors and french garden doors opening onto the south facing sundeck. Newly renovated main bathroom with heated tile flooring. Single attached garage and a small storeroom behind the garage could be renovated. The 7,910 sq. ft. corner lot is rectangular shaped and offers a mature garden. You may wish to renovate, hold or build new. This is your opportunity to enjoy the North Shore Lifestyle. First showings commence Thursday evening, May 12th from 5-7:00 p.m. and a Public Open House Sunday May 15, 2016 from 2:00 to 4:00 p.m. Don't wait!
Posted on
May 27, 2016
by
Dodi Thorhaug
Please visit our Open House at 3488 CARNARVON AVE in North Vancouver. Open House on Saturday, May 28, 2016 2:00PM - 4:00PM A pleasant surprise awaits your North Shore Lifestyle. Enjoy the evening sunsets and harbour views from this spectacular west coast contemporary home. Great curb appeal. Immaculately maintained throughout the home and professionally landscaped gardens. Enjoy the features of vaulted ceilings, skylights, oversized living room windows, gas fireplace and hardwood floors. Contemporary styled ash cabinets. Open plan dining and living room. Inviting tiled front foyer. Oversized laundry room offers ground floor access to the garden. The second bedroom is presently used as a cozy den overlooking harbour views. Your 3rd bedroom is located on the ground level and offer great privacy for you mother in law. Save the maintenance fees when you downsize to this 1636 sq. ft, 2 level, 3 bedroom/ 2 bathroom home in desirable Upper Lonsdale. First showings commence Tuesday May 23rd: 10:00 a.m. to Noon. See you then!
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