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
May 1, 2018
by
Dodi Thorhaug
I have listed a new property at 1049 CLOVERLEY ST in North Vancouver. Welcome Home! From the minute you enter the front door you will love this southern exposed hillside bungalow. Enjoy evening sunsets, harbour views and barbeques from the oversized sundeck. Magnificent open plan dining and living room w/gas fireplace and centre island breakfast bar. 3 bedrooms and 2 new bathrooms complete the main level living. 2 sets of laundry facilities. The lower level is designed for extended family accommodation and/or a 3 bedroom suite. Garden level accessibility. Quality workmanship is evident throughout both levels including: new windows, doors, hardwood floors, custom cabinetry, quality tile, paint, lighting and mill work. Views from both levels. There is room for the swing set and the sand box in the flat garden area. Dad will love the 2 car garage, carport & additional parking. (Pssst bring your check book!) Open House Wednesday May 2nd 10:00 to Noon, Wednesday May 2nd 6:00 to 7:00 and Sunday May 6, 2018 2-4 p.m.
Posted on
April 29, 2018
by
Dodi Thorhaug
Please visit our Open House at 6 2160 EASTERN AVE in North Vancouver. Open House on Sunday, April 29, 2018 2:00PM - 4:00PM This is your opportunity to own a charming townhome in a rarely available 9 unit complex! East Pointe Lane is Brody-built and well-run with little turnover. Your bright 1,717 sq.ft. end unit is the largest in the complex & has an abundance of windows & many updates throughout all 3 levels: gas fireplace, hardwood floors, crisp white kitchen cabinetry, fresh paint & new carpet. The well designed floorplan includes: an eat-in kitchen, dining room, 2 generous bedrooms, 3 bathrooms , a living room & an oversized recreation room. The bottom level is perfect for home office. Highly utilized outdoor spaces include: an oversized patio on the ground level, a balcony perfect for BBQs & a lower level garden patio just waiting for your ides! Close to schools, recreation centre, green spaces & every amenity. Direct access from your unit to the secured underground parking. Mountain views from the upper floor. One dog or cat is OK. This pristine home is move-in ready with immediate possession! Open House Sunday 2-4 p.m.
Posted on
April 24, 2018
by
Dodi Thorhaug
Please visit our Open House at 4245 MADELEY RD in North Vancouver. Open House on Sunday, April 29, 2018 2:00PM - 4:00PM … Where harbour views, expansive sunsets and privacy pervade! This prime Upper Delbrook location is perfect to raise your family within a stones throw of Braemar school. An immaculate 3500 sq. ft. renovated 4 bedroom, 2 level home plus a 3rd level, 1 bedroom garden suite. You will appreciate the oversized master bedroom with his and her walk in closets, air conditioning and adjoining sitting area. An open plan kitchen with breakfast bar and eating area designed to capture the views. An inviting sundrenched deck to entertain your friends in the warm weather and a traditional dining room for your winter gatherings. Your private living room features hardwood floors, vaulted ceiling and cozy gas fireplace. The lower level offers an abundance of storage. A newly renovated 1 bedroom furnished suite presently rented at $1575. per month will service a $340,000.00 Mortgage. Immaculate manicured gardens. Incredible value with immediate Possession.
Posted on
April 17, 2018
by
Dodi Thorhaug
Please visit our Open House at 6 2160 EASTERN AVE in North Vancouver. Open House on Sunday, April 22, 2018 2:00PM - 4:00PM This is your opportunity to own a charming townhome in a rarely available 9 unit complex! East Pointe Lane is Brody-built and well-run with little turnover. Your bright 1,717 sq.ft. end unit is the largest in the complex & has an abundance of windows & many updates throughout all 3 levels: gas fireplace, hardwood floors, crisp white kitchen cabinetry, fresh paint & new carpet. The well designed floorplan includes: an eat-in kitchen, dining room, 2 generous bedrooms, 3 bathrooms , a living room & an oversized recreation room. The bottom level is perfect for home office. Highly utilized outdoor spaces include: an oversized patio on the ground level, a balcony perfect for BBQs & a lower level garden patio just waiting for your ides! Close to schools, recreation centre, green spaces & every amenity. Direct access from your unit to the secured underground parking. Mountain views from the upper floor. One dog or cat is OK. This pristine home is move-in ready with immediate possession!
Posted on
April 16, 2018
by
Dodi Thorhaug
The Real Estate Board of Metro Vancouver reports:
Buyer caution, high prices, new tax announcements, rising interest rates and stricter mortgage requirements are among the factors affecting home buyer and seller activity today. March 2018's residential sales were 23% below the 10-year March average. Despite that, even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low. Last month was the quietest March for home listings since 2009, and the total inventory, particularly in the condo and townhome segments, of homes for sale, remains well below historical norms."
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 March 2018 vs March 2017 were:
- Metro Vancouver: +7.4% for a single family home, +26.2% for a condo, and +17.7% for a townhome
- North Vancouver: +7.8% for a single family home, +24.3% for a condo, and +10.7% for a townhome
- West Vancouver: +4.5% for a single family home and +18.5% for a condo
- Coal Harbour +19.4% for a condo
Market types for March 2018
- Metro Vancouver's Detached properties is a buyer's market at 13.7% with 734 sales out of 5,346 listings
- Metro Vancouver's Condo properties is a seller's market at 61% with 1,356 sales out of 2,224 listings
- Metro Vancouver's Townhome properties is a seller's market at 45.6% with 395 sales out of 867 listings
- North Vancouver Detached properties is a balanced market at 19.6% with 67 sales out of 341 listings
- North Vancouver Condo properties is a seller's market at 92.1% with 117 sales out of 127 listings
- North Vancouver Townhome properties is a seller's market at 53.7% with 29 sales out of 54 listings
- West Vancouver Detached properties is a buyer's market at 5.4% with 26 sales out of 479 listings
- West Vancouver Condo properties is a seller's market at 22.6% with 14 sales out of 62 listings
- Coal Harbour Condos are in a seller's market at 35.7% with 20 sales out of 56 listings
Read your full March 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 April 3, 2018 from the Real Estate Board of Greater Vancouver
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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.