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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

Please visit our Open House at 1008 1327 KEITH RD E in North Vancouver.
Open House on Sunday, November 19, 2017 2:00PM - 4:00PM
You will appreciate this 1 bedroom East facing condo at the Carlton! You will enjoy the use of the covered balcony all year round. Featuring: An open plan dining and living room with floor to ceiling windows; Bright white kitchen; Spacious master with deluxe ensuite and in-suite laundry. The Carlton at The Club is an adult 50+ building with extraordinary amenities: swimming pool, recreation centre, sauna, steam room, entertainment facilities, workshop, guest suite and onsite caretaker! Handicapped accessible. Steps to everything the North Shore has to offer: trails, skiing, parks, The North Shore Winter Club, shopping and movie theatres. Beautifully landscaped. 1 car secured underground parking and 1 locker. Immediate possession!
Read Full Story

Please visit our Open House at 1401 1327 KEITH RD E in North Vancouver.
Open House on Sunday, November 19, 2017 2:00PM - 4:00PM
This is your chance to own something special Stunning sunsets, city & water views are yours from this immaculate 1,088 sq. ft. corner unit in the sought after "Carlton At The Club!" This well planned 2 bedroom & 2 bathroom comes with 2 parking spaces & a storage locker! Sun drenched with floor-to-ceiling windows. Spacious master with deluxe ensuite. In-suite laundry. The Carlton At The Club is an adult 50+ building with extraordinary amenities: swimming pool, recreation centre, sauna, steam room, entertainment facilities, workshop, guest suite & onsite caretaker! Handicapped accessible. Steps to everything the North Shore has to offer: trails, skiing, parks, The North Shore Winter Club, shopping & movie theatres. Beautifully landscaped. Immediate possession!
Read Full Story

The Real Estate Board of Metro Vancouver reports:

"Metro Vancouver* home sales exceeded historical levels in October with the majority concentrated in the townhouse and apartment markets; last month's sales were 15% above the 10-year averages for October. Market conditions vary significantly based on property type. The detached market is well supplied with homes for sale, which is relieving pressure on prices. It remains a much different story in the townhouse and apartment markets, buyers here continue to face a limited supply and are seeing upward pressure on prices." 

The Federal government's announcement of plans to tighten mortgage requirments for the seventh time in the last eight years also helped spur buyer activity in the short term. Many buyers are trying to enter the market before the changes are in place.

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, let's work together to make it happen. I look forward to working for you. Regards, Dodi 604.644.3634

 

The MLS® HPI Benchmark Price of residential properties in October 2017 vs October 2016 were:

  • Metro Vancouver: +4% for a single family home, +22.7% for a condo, and +17.7% for a townhome
  • North Vancouver: +2.1% for a single family home, +21.5% for a condo, and +15% for a townhome
  • West Vancouver: -5.4% for a single family home and +18.5% for a condo
  • Coal Harbour +11% for a condo
 
 Market types for October 2017
  • Metro Vancouver's Detched properties is a balanced market at 16.4% with 955 sales out of 5,830 listings
  • Metro Vancouver's Condo properties is a seller's market at 65.3% with 1,538 sales out of 2,355 listings
  • Metro Vancouver's Townhome properties is a seller's market at 52.9% with 495 sales out of 936 listings
  • North Vancouver Detached properties is a seller's market at 22.1% with 81 sales out of 367 listings
  • North Vancouver Condo properties is a seller's market at 74.9% with 125 sales out of 167 listings
  • North Vancouver Townhome properties is a seller's market at 71.2% with 37 sales out of 52 listings
  • West Vancouver Detached properties is a buyer's market at 5.3% with 29 sales out of 552 listings
  • West Vancouver Condo properties is a buyer's market at 13.6% with 8 sales out of 59 listings
  • Coal Harbour Condos are in a seller's market at 48% with 26 sales out of 54 listings

Read your full October reports here: North VancouverWest VancouverVancouver West

 

If you are interested in a report for another market don't hesitate to contact me: 604.644.3634 or dodi.t@shaw.ca

 

*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 current on November 2, 2017 from the Real Estate Board of Greater Vancouver 

Read Full Story

Please visit our Open House at 1008 1327 KEITH RD E in North Vancouver.
Open House on Sunday, November 12, 2017 2:00PM - 4:00PM
You will appreciate this 1 bedroom East facing condo at the Carlton! You will enjoy the use of the covered balcony all year round. Featuring: An open plan dining and living room with floor to ceiling windows; Bright white kitchen; Spacious master with deluxe ensuite and in-suite laundry. The Carlton at The Club is an adult 50+ building with extraordinary amenities: swimming pool, recreation centre, sauna, steam room, entertainment facilities, workshop, guest suite and onsite caretaker! Handicapped accessible. Steps to everything the North Shore has to offer: trails, skiing, parks, The North Shore Winter Club, shopping and movie theatres. Beautifully landscaped. 1 car secured underground parking and 1 locker. Immediate possession!
Read Full Story

Please visit our Open House at 1401 1327 KEITH RD E in North Vancouver.
Open House on Sunday, November 12, 2017 2:00PM - 4:00PM
This is your chance to own something special Stunning sunsets, city & water views are yours from this immaculate 1,088 sq. ft. corner unit in the sought after "Carlton At The Club!" This well planned 2 bedroom & 2 bathroom comes with 2 parking spaces & a storage locker! Sun drenched with floor-to-ceiling windows. Spacious master with deluxe ensuite. In-suite laundry. The Carlton At The Club is an adult 50+ building with extraordinary amenities: swimming pool, recreation centre, sauna, steam room, entertainment facilities, workshop, guest suite & onsite caretaker! Handicapped accessible. Steps to everything the North Shore has to offer: trails, skiing, parks, The North Shore Winter Club, shopping & movie theatres. Beautifully landscaped. Immediate possession!
Read Full Story

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604–644–3634
dodi.t@shaw.ca

RE/MAX Dodi Thorhaug Realty
#101-2609 Westview Drive North Vancouver, BC V7N 4M2 Canada

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