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 11, 2018
by
Dodi Thorhaug
Please visit our Open House at 1875 ARBORLYNN DR in North Vancouver. Open House on Sunday, September 16, 2018 2:00PM - 4:00PM Your opportunity to own this immaculate family home located in Westlynn. This split entry bungalow offers 2094 sq. ft. on a 9800 sq. ft. completely landscaped lot with inviting curb appeal. Modern features include an open plan dining and living room with gas fireplace. A highly utilized bright modern kitchen with access to a private sundeck. 3 bedrooms and an updated 4 pc bathroom complete the main level. The lower level is a pleasant surprise with a bright oversized family room hosting gas fireplace, 2 more bedrooms, 3 pc bath, laundry room, storage room, and a 2nd kitchen area. Potential for a suite. Direct entry to single attached garage. Many improvements include kitchen, bathrooms, shingles, water line, windows, furnace. Easy access to public transit, hiking trails, skiing, shopping. Your North Shore Lifestyle awaits! Call Now to make your appointment. OPEN HOUSE Sunday September 16th 2pm-4pm
Posted on
September 10, 2018
by
Dodi Thorhaug
The Real Estate Board of Metro Vancouver reports:
The Federal Government’s B20 stress test continues to impact buyer's in our residential market, and has eroded buying power by approximately 20%. These changes have had strong impact on first time home buyers, people renewing their mortgages and buyer’s looking to move up the property ladder. The reality of lower buying power can clearly be seen in last month’s sales, which were 25.2% below the 10-year August sales average in Metro Vancouver, and are mainly the result of slow detached sales. Over the last 3 months we have seen less frenetic housing demand, more balanced conditions in many regions, fewer multiple offers and more choice for buyers. Metro Vancouver currently sits in a buyer’s market for detached houses and a seller’s market for condos and townhomes.
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 August 2018 vs August 2017 were:
- Metro Vancouver: - 3.1% for a single family home, +10.3% for a condo, and +7.9% for a townhome
- North Vancouver: -3.6%% for a single family home, +6.7% for a condo, and +6.4% for a townhome
- West Vancouver: -11.2% for a single family home and +5.5% for a condo
- Coal Harbour +16% for a condo
Market types for August 2018
- Metro Vancouver's Detached properties is a buyer's market at 8.8% with 579 sales out of 6,577 listings
- Metro Vancouver's Condo properties is a seller's market at 26.4% with 1,031 sales out of 3,905 listings
- Metro Vancouver's Townhome properties is a seller's market at 20.5% with 295 sales out of 1,442 listings
- North Vancouver Detached properties is a buyer's market at 7.6% with 32 sales out of 422 listings
- North Vancouver Condo properties is a seller's market at 32.7% with 72 sales out of 111 listings
- North Vancouver Townhome properties is a seller's market at 26% with 25 sales out of 96 listings
- West Vancouver Detached properties is a buyer's market at 4.7% with 27 sales out of 579 listings
- West Vancouver Condo properties is a balanced market at 15.4% with 14 sales out of 91 listings
- Coal Harbour Condos are in a buyer's market at 12.6% with 11 sales out of 87 listings
Read your full August reports here: North Vancouver, West Vancouver, Vancouver 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 September 6, 2018 from the Real Estate Board of Greater Vancouver
Posted on
September 6, 2018
by
Dodi Thorhaug
Please visit our Open House at 1961 CEDAR VILLAGE CRES in North Vancouver. Open House on Saturday, September 8, 2018 2:00PM - 4:00PM "Sought after Bayberry Place"! This perfect town house features quality inside & incredible outdoor space, This 3 bedroom 2,569 sq.ft. end unit is adjacent to a private greenbelt and features: an open plan living room w/fireplace, oversized dining room and a highly utilized kitchen with contemporary cabinets, loads of built-ins, gas cooktop, upgraded appliances & breakfast nook. The family room w/gas fireplace adjoins the outdoor gardens. Extras include: hardwood floors, crown moldings, upgraded lighting & an updated main bathroom. The Master features a walk-in closet & ensuite w/heated tile flooring. The lower level is fully finished with TV room, home office area, laundry & sewing room. You’ll be impressed with the abundance of built in storage & the attached two car garage. “Bayberry Place” is just steps to Eastview School & Park. This is perfect for the family who loves to play, but has no time for garden maintenance. Easy access to parks & recreation. OPEN Saturday September 8th 2-4pm
Posted on
September 5, 2018
by
Dodi Thorhaug
Please visit our Open House at 863 ROCHE POINT DR in North Vancouver. Open House on Sunday, September 9, 2018 2:00PM - 4:00PM 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!
Posted on
September 4, 2018
by
Dodi Thorhaug
Please visit our Open House at 1006 151 2ND ST W in North Vancouver. Open House on Tuesday, September 4, 2018 10:00AM - 12:00PM Your ideal opportunity to reside in vibrant Lower Lonsdale or perhaps own a Pied-A Terre! You will love the convenience to restaurants, shops and public transportation. Immaculate and updated studio suite with immediate possession. An abundance of light from floor to ceiling windows. Impressive mountain views. Barbecue year round on your covered balcony! Features include: an oversized island with granite counter top, open plan bright white kitchen with gas cook top, 9' ceilings, upgraded flooring, new bathroom vanity, sink, taps, lighting and tile flooring. Insuite laundry with extra storage cabinets. One parking stall and one storage locker included. Rentals are welcome. Pets are restricted. Public Open House on Sept. 8 and 9th from 1 - 4 p.m. You won't be disappointed.
|
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.