the snapshot for august 2016 one year ......and are happy to help in any way we can so your...

Welcome To The Party!

The tax has influenced the foreign purchases here on the North Shore as well as in Greater Vancouver. However, it is interesting to note while prices dropped immediately following the Foreign Buyer Tax Announcement they have remained reasonably stable every since. The exception to this is in the ‘Attached’ housing market which includes both townhomes and condominiums. This market has remained incredibly hot!

Statistically, sales fell 8.2% from July of 2016 and we had a 10% increase in the supply of homes for sale. Both numbers are far closer to historical levels we see at this time of year and are bringing things back to more of a ‘balanced’ market. Things are not quite as frenzied in terms of multiple offers and very quick subject-free sales. But simply put, if our home is priced correctly it will sell in a reasonable length of time.

If you are interested to know the current market value of your home or want to chat more about the different option for buying and selling a home, please don’t hesitate to give us a call as we’d be happy to put together a complimentary evaluation. We truly believe our role is to provide our clients with service for all your real estate needs and are happy to help in any way we can so your questions and comments are always welcome.

Cheers,

Don Eilers

604.889.9449

[email protected]

THE SNAPSHOT FOR AUGUST 2016

DON EILERST. [email protected]

LAUREN KENTT. [email protected]

JILL WIERSMAT. [email protected]

1453 Bellevue Ave., West Vancouver, BC V7T 1C3“TALK TO DON”

N O R T H S H O R E N E W S B A N N E R

DON EILERST. [email protected]

LAUREN KENTT. [email protected]

JILL WIERSMAT. [email protected]

1453 Bellevue Ave., West Vancouver, BC V7T 1C3“TALK TO DON”

N O R T H S H O R E N E W S B A N N E R

ONE YEAR ANNIVERSARY(FOREIGN BUYER TAX)

WEST VANCOUVER - DETACHED NORTH VANCOUVER - DETACHED

WV-DET WV-ATT

WEST VANCOUVER - DETACHED WEST VANCOUVER - ATTACHED



Months with less than 20 sales are not shown. Months with less than 20 sales are not shown.

0

100

200

300

400

500

600

Jul-2

016

Aug

-201

6

Sep

-201

6

Oct

-201

6

Nov

-201

6

Dec

-201

6

Jan-

2017

Feb-

2017

Mar

-201

7

Apr

-201

7

May

-201

7

Jun-

2017

Jul-2

017

Units Listed Units Sold Active Listings

100

200

300

400

500

600

Jul-2

015

Sep

-201

5

Nov

-201

5

Jan-

2016

Mar

-201

6

May

-201

6

Jul-2

016

Sep

-201

6

Nov

-201

6

Jan-

2017

Mar

-201

7

May

-201

7

Jul-2

017

Dollar Volume

In Millions

0.00.51.01.52.02.53.03.54.04.5

Jul-2

015

Sep

-201

5

Nov

-201

5

Jan-

2016

Mar

-201

6

May

-201

6

Jul-2

016

Sep

-201

6

Nov

-201

6

Jan-

2017

Mar

-201

7

May

-201

7

Jul-2

017

Ave. Price MedianIn Millions

0

5

10

15

20

25

30

35

Jul-2

016

Aug

-201

6

Sep

-201

6

Oct

-201

6

Nov

-201

6

Dec

-201

6

Jan-

2017

Feb-

2017

Mar

-201

7

Apr

-201

7

May

-201

7

Jun-

2017

Jul-2

017


5

10

15

20

25

30

Jul-2

015

Sep

-201

5

Nov

-201

5

Jan-

2016

Mar

-201

6

May

-201

6

Jul-2

016

Sep

-201

6

Nov

-201

6

Jan-

2017

Mar

-201

7

May

-201

7

Jul-2

017

Dollar Volume

In Millions

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Jul-2

015

Sep

-201

5

Nov

-201

5

Jan-

2016

Mar

-201

6

May

-201

6

Jul-2

016

Sep

-201

6

Nov

-201

6

Jan-

2017

Mar

-201

7

May

-201

7

Jul-2

017

Ave. Price Median

All Months Below 20 Sales

ABOVE INFORMATION IS FROM SOURCES BELIEVED RELIABLE BUT SHOULD NOT BE RELIED UPON WITHOUT VERIFICATION.REAL ESTATE BOARD OF GREATER VANCOUVER ASSUMES NO RESPONSIBILITY FOR ITS ACCURACY.

WEST VANCOUVER - DETACHED NORTH VANCOUVER - DETACHED

NV-DET NV-ATT

NORTH VANCOUVER - DETACHED NORTH VANCOUVER - ATTACHED



Months with less than 20 sales are not shown. Months with less than 20 sales are not shown.

0

50

100

150

200

250

300

350

Jul-2

016

Aug

-201

6

Sep

-201

6

Oct

-201

6

Nov

-201

6

Dec

-201

6

Jan-

2017

Feb-

2017

Mar

-201

7

Apr

-201

7

May

-201

7

Jun-

2017

Jul-2

017


50

100

150

200

250

300

350

Jul-2

015

Sep

-201

5

Nov

-201

5

Jan-

2016

Mar

-201

6

May

-201

6

Jul-2

016

Sep

-201

6

Nov

-201

6

Jan-

2017

Mar

-201

7

May

-201

7

Jul-2

017

Dollar Volume

In Millions

0.0

0.5

1.0

1.5

2.0

2.5

Jul-2

015

Sep

-201

5

Nov

-201

5

Jan-

2016

Mar

-201

6

May

-201

6

Jul-2

016

Sep

-201

6

Nov

-201

6

Jan-

2017

Mar

-201

7

May

-201

7

Jul-2

017


0102030405060708090

Jul-2

016

Aug

-201

6

Sep

-201

6

Oct

-201

6

Nov

-201

6

Dec

-201

6

Jan-

2017

Feb-

2017

Mar

-201

7

Apr

-201

7

May

-201

7

Jun-

2017

Jul-2

017


10

20

30

40

50

60

70

Jul-2

015

Sep

-201

5

Nov

-201

5

Jan-

2016

Mar

-201

6

May

-201

6

Jul-2

016

Sep

-201

6

Nov

-201

6

Jan-

2017

Mar

-201

7

May

-201

7

Jul-2

017

Dollar Volume

In Millions

0.0

0.2

0.4

0.6

0.8

1.0

1.2

Jul-2

015

Sep

-201

5

Nov

-201

5

Jan-

2016

Mar

-201

6

May

-201

6

Jul-2

016

Sep

-201

6

Nov

-201

6

Jan-

2017

Mar

-201

7

May

-201

7

Jul-2

017


ABOVE INFORMATION IS FROM SOURCES BELIEVED RELIABLE BUT SHOULD NOT BE RELIED UPON WITHOUT VERIFICATION.REAL ESTATE BOARD OF GREATER VANCOUVER ASSUMES NO RESPONSIBILITY FOR ITS ACCURACY.

the snapshot for august 2016 one year ......and are happy to help in any way we can so your...

Documents