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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

The Real Estate Board of Metro Vancouver reports:

"Summer is traditionally a quieter time of year in real estate, this is particularly true this year. With increased mortgage rates and stricter lending requirements, buyers are opting to take a wait-and-see approach for the time being, and with fewer buyer’s active in today’s market, we’re seeing less upward pressure on home prices across the region. Last month’s sales were 29.3% below the 10-year July sales average. Overall Metro Vancouver sits in a balanced market at 17% of properties sold with opportunities for both buyer’s and seller’s. If we break it down by category: sales of detached homes sit in a buyer’s market at 9.7%, condo sales sit in a seller’s market at 27.2% and townhomes sit in a seller's market at 22%.

The market has begun to absorb and adjust to the new realities. We expect to an uptick in sals volumes and in some prices during the second half of 2018."

The key to success in any market is to be well prepared. My top priority is to help you navigate these changes in all types of market conditions. 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 July 2018 vs July 2017 were:

  • Metro Vancouver: -1.5 % for a single family home, +13.6% for a condo, and +12.1% for a townhome
  • North Vancouver: -2.4%% for a single family home, +10% for a condo, and +8.7% for a townhome
  • West Vancouver: -8.2% for a single family home and +8.5% for a condo
  • Coal Harbour +16% for a condo
 Market types for July 2018
  • Metro Vancouver's Detached properties is a buyer's market at 9.7% with 651 sales out of 6,713 listings
  • Metro Vancouver's Condo properties is a seller's market at 27% with 1,084 sales out of 3,985 listings
  • Metro Vancouver's Townhome properties is a seller's market at 22% with 314 sales out of 1,413 listings
  • North Vancouver Detached properties is a buyer's market at 11.4% with 52 sales out of 470 listings
  • North Vancouver Condo properties is a seller's market at 33% with 76 sales out of 228 listings
  • North Vancouver Townhome properties is a balanced market at 20% with 19 sales out of 95 listings
  • West Vancouver Detached properties is a buyer's market at 5.4% with 32 sales out of 596 listings
  • West Vancouver Condo properties is a balanced market at 18.4% with 18 sales out of 98 listings
  • Coal Harbour Condos are in a balanced market at 16% with 14 sales out of 87 listings

Read your full July 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, Burnaby, Coquitlam, Tsawwassen, Ladner

 The accuracy and completeness of the information is not guaranteed. Data was current on August 2nd, 2018 from the Real Estate Board of Greater Vancouver 

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Please visit our Open House at 3105 33 CHESTERFIELD PL in North Vancouver.
Open House on Wednesday, August 8, 2018 5:00PM - 7:00PM
Where your perfect location and your desired lifestyle connect! Rent no longer. You will love the modern renovation in this trendy 2 level condo. Just 3 minutes to catch the Seabus with access to the street from your own private gate! Appreciate the open plan kitchen with centre island and stainless steel appliances and granite counters. Bright white entrance with custom built-in cabinetry. The main level open plan office can easily be used as a second bedroom. The lower level has been completely renovated to include: an generous master bedroom and adjoining dressing room, new 3 piece bathroom with oversized shower, an inviting family room - perfect for your big screen TV, a laundry room and storage area. Most important, you can work from home in the attractive east facing den. Attention to detail is everywhere! Your cat will feel right at home! No rentals. Immediate Possession! ACT NOW!
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Please visit our Open House at 2204 33 CHESTERFIELD PL in North Vancouver.
Open House on Wednesday, August 8, 2018 5:00PM - 7:00PM
Enjoy the lifestyle of North Vancouver’s waterfront. This 1,473 sq.ft. south facing condo provides peek-a-boo views of the water & city lights & overlooks the quiet centre court yard. Enjoy a south facing patio w/accessibility from the dining room. Downsizing is made easy w/one level living & generous room sizes. An inviting open plan dining/living room w/gas fireplace, custom blinds, crown moldings &hardwood flooring. An oversized laundry room is receptive to creative ideas. An abundance of cabinetry throughout the kitchen. Two full bathrooms are renovated. A king size bedroom suite will fit comfortably in this south facing master bedroom. This unique private location is foot steps from the sea bus & all amenities of the Lower Lonsdale corridor. Appreciate 2 car underground secured parking, ample visitor parking & 1 storage locker. 1 cat allowed. No rentals. Proactive council. This unique location is foot steps from the sea bus & all amenities of the Lower Lonsdale corridor. Immediate Possession.
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Please visit our Open House at 502 3606 ALDERCREST DR in North Vancouver.
Open House on Wednesday, August 1, 2018 5:00PM - 7:00PM Wine Draw! Wine and cheese served!
Spectacular corner penthouse w/tranquility & serenity from this magnificent forest setting. With high end finishing, this 1,345 sq.ft. penthouse features 10' to 14' ceilings. A modern open floor plan with over-sized living areas. Classy kitchen. Floor to ceiling gas fireplace. Expansive windows. Hardwood floors. Under cabinet lighting. The impressive balcony runs full length of the unit with access from all principal rooms. Three generous sized bedrooms include a spacious master with full ensuite & walk-in closet. Appreciate 2 car side x side parking, exercise centre & meeting room. Enjoy barbecues & pets. Rentals allowed. Destiny is part of the Raven Woods growing community with hiking, biking, boating & skiing at your doorstep. Make the move today to enjoy your North Shore Lifestyle. Open House Wednesday August 1st 5pm to 7pm - Wine Draw!
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Please visit our Open House at 863 ROCHE POINT DR in North Vancouver.
Open House on Wednesday, August 1, 2018 5:00PM - 7:00PM Wine Draw!
A pleasant surprise awaits at Salish Estates! Pristine & newly renovated. An inviting southern exposed 1,848 sq.ft. duplex style 2 level townhouse. This timeless floor plan offers vaulted ceilings, an abundance of windows, gas fireplace & ground level access to a southern exposed private garden patio. You will appreciate the open plan dining/living room for entertaining & highly utilized kitchen, eating area & open plan family room. Main floor laundry room & 2 pc bath are newly renovated. The upper level features 4 bedrooms & open stairwell overlooking the living room. Southern exposed master bedroom w/window seat & custom cabinetry. Master bath designed w a separate shower & soaker tub designed for handicapped accessibility. Two car attached garage. All new water lines installed throughout. Pets are welcome. Located within walking distance to Parkgate Mall, Seymour Golf Club & sits at the base of Seymour Mountain for easy accessibility for skiing. You won’t miss any North Shore Activities!
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RE/MAX Dodi Thorhaug Realty
#101-2609 Westview Drive North Vancouver, BC V7N 4M2 Canada

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