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
March 12, 2018
by
Dodi Thorhaug
The Real Estate Board of Metro Vancouver reports: In February, home buyers in North Vancouver remain active in all categories, however, home buyers across other Metro Vancouver cities are showing caution around property prices, new mortgage rules, rising interest rates and new tax rules. This buyer caution is mainly target at detchaed properties, while the supply of apartment and townhome properties is still unable to meet demand. Spring is traditionally the busiest time of year for home buyers and sellers inour market. We'll wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year."
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 February 2018 vs February 2017 were:
- Metro Vancouver: +8.2% for a single family home, +27.2% for a condo, and +18.2% for a townhome
- North Vancouver: +6.7% for a single family home, +24.3% for a condo, and +14.3% for a townhome
- West Vancouver: +5.9% for a single family home and +26.2% for a condo
- Coal Harbour +17.1% for a condo
Market types for February 2017
- Metro Vancouver's Detached properties is a buyer's market at 12.4% with 628 sales out of 5,061 listings
- Metro Vancouver's Condo properties is a seller's market at 58.4% with 1,188 sales out of 2,034 listings
- Metro Vancouver's Townhome properties is a seller's market at 40.7% with 342 sales out of 841 listings
- North Vancouver Detached properties is a balanced market at 17.9% with 58 sales out of 324 listings
- North Vancouver Condo properties is a seller's market at 62.4% with 88 sales out of 141 listings
- North Vancouver Townhome properties is a seller's market at 39.1% with 18 sales out of 46 listings
- West Vancouver Detached properties is a buyer's market at 5.9% with 24 sales out of 494 listings
- West Vancouver Condo properties is a balanced market at 19.4% with 12 sales out of 62 listings
- Coal Harbour Condos are in a balanced market at 19.6% with 11 sales out of 56 listings
Read your full February 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 March 2, 2018 from the Real Estate Board of Greater Vancouver
Posted on
March 6, 2018
by
Dodi Thorhaug
Please visit our Open House at 210 252 2ND ST W in North Vancouver. Open House on Wednesday, March 7, 2018 10:00AM - 12:00PM Incredible value! Enjoy the Lower Lonsdale Lifestyle from this 1 bedroom and den condominium. Privacy and tranquility pervade 640 sq. ft. with north facing balcony! Renovated kitchen, bathroom, new carpets, lighting and stainless steel appliances. Appreciate the office nook to work from home! Sandringham Mews allows rentals, 1 cat or 1 dog and your barbecue! Completely updated with fire protection equipment, new elevator, updated plumbing and roof. 1 underground secured parking and 1 storage locker available. Currently tenanted with very clean and cooperative tenants until May 31, 2018. Public Open House Wednesday March 7th from 5-7 p.m. and Saturday March 10th from 1-5 p.m.
Posted on
March 6, 2018
by
Dodi Thorhaug
Please visit our Open House at 210 252 2ND ST W in North Vancouver. Open House on Wednesday, March 7, 2018 5:00PM - 7:00PM Incredible value! Enjoy the Lower Lonsdale Lifestyle from this 1 bedroom and den condominium. Privacy and tranquility pervade 640 sq. ft. with north facing balcony! Renovated kitchen, bathroom, new carpets, lighting and stainless steel appliances. Appreciate the office nook to work from home! Sandringham Mews allows rentals, 1 cat or 1 dog and your barbecue! Completely updated with fire protection equipment, new elevator, updated plumbing and roof. 1 underground secured parking and 1 storage locker available. Currently tenanted with very clean and cooperative tenants until May 31, 2018. Public Open House Wednesday March 7th from 5-7 p.m. and Saturday March 10th from 1-5 p.m.
Posted on
March 6, 2018
by
Dodi Thorhaug
Please visit our Open House at 210 252 2ND ST W in North Vancouver. Open House on Saturday, March 10, 2018 1:00PM - 5:00PM Incredible value! Enjoy the Lower Lonsdale Lifestyle from this 1 bedroom and den condominium. Privacy and tranquility pervade 640 sq. ft. with north facing balcony! Renovated kitchen, bathroom, new carpets, lighting and stainless steel appliances. Appreciate the office nook to work from home! Sandringham Mews allows rentals, 1 cat or 1 dog and your barbecue! Completely updated with fire protection equipment, new elevator, updated plumbing and roof. 1 underground secured parking and 1 storage locker available. Currently tenanted with very clean and cooperative tenants until May 31, 2018. Public Open House Wednesday March 7th from 5-7 p.m. and Saturday March 10th from 1-5 p.m.
Posted on
March 6, 2018
by
Dodi Thorhaug
Please visit our Open House at 4245 MADELEY RD in North Vancouver. Open House on Tuesday, March 6, 2018 10:00AM - 12:00PM … 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.
|
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.