Greater Vancouver Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in April 2017.

Vancouver

In the Vancouver Westside, there were 111 sales of detached homes and 627 active listings at the end of the month. The benchmark sale price was $3,495,800, with an average days on market of 51. The hottest market for sales was Dunbar with 18 sales.

In comparison, the condo market had 441 sales, 641 active listings and a benchmark sale price of $718,400 with an average of 21 days on market. The hottest market for sales was Downtown VW, 101 sales.

Townhome sales were 57, active listings were 114. The benchmark sale price was $1,124,600 with an average days on market of 21. Fairview VW with 13 sales was the hottest market in April.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_April2017_VanWest

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in April 2017.

Squamish

In April 2017, there were 34 sales of detached homes and 119 active listings in Squamish. The benchmark sale price was $856,400 with an average days on market of 59.

The Condo market had 18 sales and 23 active listings at the end of the month.  The benchmark sale price was $394,700 with an average days on market of 24.

Townhome sales were 26, active listings were 44. The benchmark sale price was $751,400, and the average days on market were 42.

It’s a seller’s market for all product types.

MarketHotSheet_April2017_Squamish

[Read more…]

Okanagan Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2017.

Central Okanagan: Kelowna and Lake Country

There were 255 sales, 719 active listings, and a $667,105 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 42.

The condo market featured 162 sales and 347 active listings at the end of the month. The average sale price was $336,139 with 45 average days on market.

Townhome sales were 82, active listings were 223, average sale price was $453,658, and the average days on market were 43.

MarketHotSheet_April2017_CentralOkanagan

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in April 2017.

North Delta

In the North Delta market, the benchmark sale price was $844,300 for detached homes. At the end of April, there were 123 active listings and 71 sales.

The condo market had 6 sales and 13 active listings. The benchmark sale price was $230,300.

Townhomes featured 10 sales, 9 active listings and a $509,900 benchmark sale price.

It’s a seller’s market in North Delta.

MarketHotSheet_April2017_NDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in April 2017.

Greater Victoria

In April 2017, there were 382 sales of single family homes and 509 active listings in the Greater Victoria. The benchmark sale price was $663,500 with an average days on market of 21. The hottest market for sales was Langford with 69 sales. There were also 26 sales and 131 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 287 sales, 291 active listings at the end of the month.  The benchmark sale price was $408,600 with an average days on market of 20. The hottest market for sales was Victoria, 109 sales.

Townhome sales were 82, active listings were 74 and the benchmark sale price was $529,200. The average days on market were 23, and the hottest market was Langford with 15 sales each.

It’s a seller’s market in Victoria.

MarketHotSheet_April2017_Victoria

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – March 2017

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in March 2017.

Squamish

In March 2017, there were 30 sales of detached homes and 118 active listings in Squamish. The benchmark sale price was $836,100 with an average days on market of 66.

The Condo market had 17 sales and 22 active listings at the end of the month.  The benchmark sale price was $377,900 with an average days on market of 25.

Townhome sales were 18, active listings were 53. The benchmark sale price was $740,700, and the average days on market were 47.

It’s a seller’s market for all product types.

MarketHotSheet_March2017_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – March 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in March 2017.

Vancouver

In the Vancouver Westside, there were 95 sales of detached homes and 595 active listings at the end of March. The benchmark sale price was $3,461,700, with an average days on market of 35. The hottest market for sales was Dunbar with 23 sales.

In comparison, the condo market had 455 sales, 656 active listings and a benchmark sale price of $692,400 with an average of 24 days on market. The hottest market for sales was Downtown VW, 109 sales.

Townhome sales were 57, active listings were 111. The benchmark sale price was $1,079,100 with an average days on market of 57. Fairview VW with 13 sales was the hottest market in March.

It’s a buyer’s market for single family homes.

MarketHotSheet_March2017_VanWest

[Read more…]

Okanagan Real Estate Market Statistics – March 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2017.

Central Okanagan: Kelowna and Lake Country

There were 244 sales, 659 active listings, and a $640,513 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 45.

The condo market featured 165 sales and 340 active listings at the end of the month. The average sale price was $349,506 with 44 average days on market.

Townhome sales were 103, active listings were 201, average sale price was $453,619, and the average days on market were 53.

MarketHotSheet_March2017_CentralOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $459,861 with an average days on market of 74 days for detached homes. At the end of March, there were 107 sales and 327 active listings.

There were 20 sales and 108 active listings for condos. The average sale price was $204,030, and the average days on market were 162.

In comparison, townhome featured 38 sales, 79 active listings and a $304,127 average sale price with 69 average days on market.

MarketHotSheet_March2017_NorthOkanagan

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – March 2017

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in March 2017.

North Delta

In the North Delta market, the benchmark sale price was $820,000 for detached homes. At the end of March, there were 123 active listings and 60 sales.

The condo market had 11 sales and 12 active listings. The benchmark sale price was $215,700.

Townhomes featured 9 sales, 13 active listings and a $497,800 benchmark sale price.

It’s a seller’s market in North Delta.

MarketHotSheet_March2017_NDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – March 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 2017.

Greater Victoria

In March 2017, there were 396 sales of single family homes and 418 active listings in the Greater Victoria. The benchmark sale price was $652,700 with an average days on market of 25. The hottest market for sales was Saanich East with 80 sales. There were also 21 sales and 117 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 294 sales, 265 active listings at the end of the month.  The benchmark sale price was $399,900 with an average days on market of 16. The hottest market for sales was Victoria, 103 sales.

Townhome sales were 76, active listings were 71 and the benchmark sale price was $513,300. The average days on market were 20, and the hottest markets were Victoria and Langford with 14 sales each.

It’s a seller’s market in Victoria.

MarketHotSheet_March2017_Victoria

[Read more…]

Macdonald Realty nominated for Top Luxury Brokerage Award

VANCOUVER, B.C. – (March 28, 2017) –   Macdonald Realty was nominated for the Luxury Portfolio International® Top Luxury Brokerage Award, presented for overall engagement in Luxury Portfolio; embracement of tools, meetings, events, advertising and brand usage; and outstanding marketing strategy in the discerning market of affluent buyers and sellers.  They were nominated with Slifer, Smith & Frampton Real Estate of Colorado and, the winner, Houlihan Lawrence Real Estate of New York. The award was presented during the Leading Real Estate Companies of the World™ Conference Week, a series of events that drew an impressive audience of 2,000 real estate professionals from 25 countries.  The conference took place at Fontainebleau Miami Beach earlier this month.

Macdonald Realty's Luxury Home Marketing Team of Alyssa Mori and Rosey Hudson at the Luxury Portfolio Summit in Miami Beach.

Macdonald Realty’s Luxury Home Marketing Team of Alyssa Mori and Rosey Hudson at the Luxury Portfolio Summit in Miami Beach.

Affiliates of Luxury Portfolio market high-end homes to affluent consumers worldwide through the network’s strategic marketing program, including the award-winning website Luxuryportfolio.com, which marketed over 50,000 luxury homes to over three million high-net-worth visitors last year and featured a total inventory of available properties exceeding $54 billion.

Macdonald Realty is the largest British Columbia representative of LeadingRE (www.LeadingRE.com). With a global membership that spans six continents, LeadingRE connects more than 550 firms and 130,000 sales associates who produce over 1.2 million real estate transactions each year. As a member of LeadingRE, Macdonald Realty provides a quality real estate experience, global marketing reach and access to top real estate professionals in virtually any market worldwide.

Since 1944, Macdonald Realty has been helping British Columbians make some of the biggest decisions of their lifetime during real estate transactions. Beyond their dedicated team of nearly 1,000 residential real estate professionals operating in 20 offices across BC, they are also Western Canada’s largest integrated real estate firm who’s services include residential sales; commercial sales and leasing; project marketing; property and strata management; mortgage services; and luxury home marketing.

For more information about Macdonald Realty, please visit macrealty.com

# # #

About Macdonald Real Estate Group:
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $8 billion and over $2 billion in assets under management.  With 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the Canadian Real Estate Investment Centre in Shanghai, China.  Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

Macdonald Realty’s Rosey Hudson Presented at Global Luxury Real Estate Conference

VANCOUVER, B.C. – (March 23, 2017) – Rosey Hudson, Marketing Director with Macdonald Realty presented at the Luxury Portfolio SUMMIT on February 28th at the Fontainebleau Miami Beach. This invitation-only event was hosted by Luxury Portfolio International®, the luxury face of Leading Real Estate Companies of the World.

Rosey Hudson, Marketing Director, Macdonald Realty

Rosey Hudson, Marketing Director, Macdonald Realty

The 2017 Luxury Portfolio SUMMIT kicked off by exploring the changing expectations of luxury consumers and what sales associates can do to better serve their clients and provide them with the “wow” that they are looking for. Participants engaged in a collaborative program focused on how the high-net-worth buy today, the five secret languages of communication, leveraging their Luxury Portfolio relationship, marketing strategies in a mobile and digital world, growing business with global buyers and attracting attention in a world of noise by learning public relations best practices.

Hudson spoke on best practices of Presenting Luxury Portfolio Successfully, sharing insights on how luxury real estate specialists can leverage the international exposure and marketing power of their Luxury Portfolio affiliation to increase local and global interest in luxury listings.

“Vancouver is a global gateway city and our luxury homes appeal to international buyers from Europe, America, Asia and the Middle East. Everyone in our market is aware that prestigious residences need to be marketed both locally and globally. Macdonald Realty is fortunate to be one of only 5 Canadian brokerages with access to Luxury Portfolio’s extensive international reach,” said Hudson.

Macdonald Realty is the largest Canadian Luxury Portfolio affiliate, along with Profusion Realty in Montreal, Harvey Kalles Real Estate in Toronto, CIR Realty in Calgary and The Whistler Real Estate Company in Whistler, BC.

[Read more…]

North Vancouver home featured on Love It or List It hits the market!

Looking for a stylish starter home in North Vancouver?  This new listing from Bri Ragona of Macdonald Realty was featured on HTGV’s hit show Love It or List It and in Style at Home magazine.  It proves the old adage that good things come in small packages and will make a stunning place to call home for a lucky buyer!  Stop by the open house this weekend to see it in person – Saturday and Sunday, March 18th & 19th, 2-4 PM.

457 E 11th Street, North Vancouver  |   View the MLS® listing #R2146302 here.

List Price: $1,498,000  |  Bedrooms: 3  |  Bathrooms: 1  |  Living Space : 2,588 sq ft  |  Lot Size: 36 x 147 (5,292.00)

1J6A7003

This charming 1912 character home is located in desirable Central Lonsdale.

The gorgeous open concept main floor has engineered hardwood throughout.

 

Enjoy stunning navy blue kitchen cabinets with sparkling white quartz countertops. High end stainless steal appliances including 36″ gas range and an additional oven.  Solid home – over 200K spent in upgrades.

1J6A7029

 Family room off kitchen with gas fireplace and custom built ins.

 

1J6A7041

1 bed on main floor and 2 large bedrooms up.

 

1J6A7083

The brand new 24×15 ft cedar deck is  perfect for entertaining and overlooks a large backyard.

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457 E 11th Street, North Vancouver  |   View the MLS® listing #R2146302 here.
Listed by Bri Ragona, Macdonald Realty Ltd., 604-783-0627  www.briragona.com

Read designer Jillian Harris’ LOVE IT OR LIST IT take on this old charmer’s miraculous update over on her blog jillianharris.com

Macdonald Realty’s Alyssa Mori Addresses Global Real Estate Event

Alyssa Mori, Relocation Director on an international panel at LeadingRE Annual Conference

Alyssa Mori, Relocation Director on an international panel at LeadingRE Annual Conference

VANCOUVER, B.C. – (March 13, 2017) – Alyssa Mori, Relocation Director with Macdonald Realty, spoke at the Leading Real Estate Companies of the World Annual Conference, which took place March 1-3 at the Fontainebleau Miami Beach. The conference was part of the Leading Real Estate Companies of the World (LeadingRE) Conference Week, a series of events that drew an impressive audience of 2,000 real estate professionals from 25 countries.

The prestigious event was open only to brokers, managers and relocation professionals affiliated with LeadingRE, a selective global community of the highest quality independent real estate companies. Attendees examined the dynamic factors impacting today’s real estate market and explored ways to best meet the needs of home buyers and sellers.

Mori presented information on Creating a Local Global Mindset sharing insights on how international relocations work, how they differ from country to country and how to set up a successful relationship with the client and destination brokerage.

“The insights the panel provided and our wildly differing business culture worldwide were eye opening to the mostly American audience. Being able to share how important it is to be culturally competent and recognized as a leader in this type of transaction was an honour,” said Mori. [Read more…]

Luxury Homes Collection Magazine Spring 2017

The new season brings us a fresh new offering of Macdonald Realty luxury homes. We have a bright outlook for 2017 with our CEO Lynn Hsu providing our front line remarks on the market and our outlook.

We are delighted to present our spring edition with our cover feature from Bowen Island, a wonderful West Coast retreat perfectly situated to take in the gorgeous views and Zen atmosphere of the quiet landscape.

In this edition, in conjunction with our affiliate partners Luxury Portfolio International®, their MarketPulse® article gives a round up of wine regions of the world to invest in. From Oregon to South Africa, these are new market interests for investors and owners seeking a burgeoning market or new way of life. British Columbia’s own Okanagan Valley is included, where there is ripe opportunity for someone looking for a new venture or adventure.

click magazine cover to view

click magazine cover to view

Have a browse of our edition and enjoy the beautiful landscapes and properties from around the province.

CLICK HERE to view the digital edition on your computer or tablet

Greater Vancouver Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in February 2017.

Vancouver

In the Vancouver Westside, there were 93 sales of detached homes and 602 active listings at the end of February. The benchmark sale price was $3,422,700, with an average days on market of 35. The hottest market for sales was Dunbar with 18 sales.

In comparison, the condo market had 368 sales, 686 active listings and a benchmark sale price of $688,400 with an average of 21 days on market. The hottest market for sales was Downtown VW, 85 sales.

Townhome sales were 32, active listings were 108. The benchmark sale price was $1,069,800 with an average days on market of 24. Kitsilano with 8 sales was the hottest market in February.

It’s a buyer’s market for single family homes.

MarketHotSheet_February2017_VanWest

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in February 2017.

Squamish

In February 2017, there were 16 sales of detached homes and 111 active listings in Squamish. The benchmark sale price was $810,900 with an average days on market of 59.

The Condo market had 14 sales and 23 active listings at the end of the month.  The benchmark sale price was $369,800 with an average days on market of 69.

Townhome sales were 12, active listings were 51. The benchmark sale price was $729,400, and the average days on market were 28.

It’s a buyer’s market for single family homes.

MarketHotSheet_February2017_Squamish

[Read more…]

Okanagan Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in February 2017.

South Okanagan: Osoyoos, Oliver, and Penticton

In February 2017, there were 71 sales of detached homes and 450 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $498,404 with an average days on market of 95.

The Condo market had 34 sales and 128 active listings at the end of the month.  The average sale price was $227,035 with an average days on market of 97.

Townhome sales were 30, active listings were 77. The average sale price was $328,774, and the average days on market were 67.

MarketHotSheet_February2017_SouthOkanagan

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in February 2017.

North Delta

In the North Delta market, the benchmark sale price was $819,600 for detached homes. At the end of February, there were 118 active listings and 37 sales.

The condo market had 4 sales and 13 active listings. The benchmark sale price was $202,800.

Townhomes featured 7 sales, 15 active listings and a $482,900 benchmark sale price.

It’s a seller’s market in North Delta.

MarketHotSheet_February2017_NDelta

North Surrey

In February 2017, there were 49 sales of detached homes and 277 active listings in North Surrey. The benchmark sale price was $821,600.

The condo market had 97 sales and 196 active listings at the end of the month.  The benchmark sale price was $244,800.

In comparison, townhome sales were 26, active listings were 33 and the benchmark sale price was $355,500.

It’s a seller’s market for condos and townhomes in North Surrey.

MarketHotSheet_February2017_NSurrey

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum and Nanaimo listings and sales in February 2017.

Greater Victoria

In February 2017, there were 283 sales of single family homes and 396 active listings in the Greater Victoria. The benchmark sale price was $642,300 with an average days on market of 34. The hottest market for sales was Langford with 66 sales. There were also 22 sales and 114 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 206 sales, 229 active listings at the end of the month.  The benchmark sale price was $386,200 with an average days on market of 24. The hottest market for sales was Victoria, 98 sales.

Townhome sales were 71, active listings were 64 and the benchmark sale price was $515,600. The average days on market were 30, and the hottest market was Langford with 15 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_February2017_Victoria

[Read more…]

BC Market Report 2016-17: Our Annual Review and Forecast

MarketReportCover

It would be an understatement to say 2016 was a memorable year for BC real estate. The recent spate of policy changes, along with a looming provincial election, have given buyers and sellers much information to absorb as we enter the 2017 spring market. The Feature Story of our 2016-17 Market Report, “The BC real estate market in 2016: a year with many chapters“, offers an industry insiders look at these important changes.

The BC Market Report contains a 2016 review and 2017 forecast for each of our geographic markets across B.C., contributed by our local managers, as well as summaries from our residential, commercial, property management, project marketing and global relocation divisions.

Click to view:

PDF BC Market Report (English)  |  (中文)

Digital brochure BC Market Report (English) 

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Media: For further comment please contact Dan Scarrow, VP Macdonald Real Estate Group, dscarrow@macrealty.com

Greater Vancouver Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in January 2017.

Vancouver

In the Vancouver Westside, there were 37 sales of detached homes and 595 active listings at the end of January. The benchmark sale price was $3,419,800, with an average days on market of 51. The hottest market for sales was Point Grey with 9 sales.

In comparison, the condo market had 213 sales, 691 active listings and a benchmark sale price of $662,400 with an average of 33 days on market. The hottest market for sales was Downtown VW, 54 sales.

Townhome sales were 19, active listings were 87. The benchmark sale price was $1,066,700 with an average days on market of 28. Kitsilano with 5 sales was the hottest market in January.

It’s a buyer’s market for single family homes.

MarketHotSheet_January2017_VanWest

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in January 2017.

Squamish

In January 2017, there were 16 sales of detached homes and 102 active listings in Squamish. The benchmark sale price was $816,200 with an average days on market of 74.

The Condo market had 8 sales and 46 active listings at the end of the month.  The benchmark sale price was $371,200 with an average days on market of 90.

Townhome sales were 9, active listings were 47. The benchmark sale price was $704,100, and the average days on market were 78.

It’s a buyer’s market for single family homes.

MarketHotSheet_January2017_Squamish

[Read more…]

Okanagan Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2017.

South Okanagan: Osoyoos, Oliver, and Penticton

In January 2017, there were 41 sales of detached homes and 426 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $493,227 with an average days on market of 100.

The Condo market had 24 sales and 122 active listings at the end of the month.  The average sale price was $246,708 with an average days on market of 68.

Townhome sales were 18, active listings were 84. The average sale price was $335,430, and the average days on market were 87.

MarketHotSheet_January2017_SouthOkanagan

[Read more…]

Surrey, Langley and Fraser Valley Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, Langley, and Fraser Valley listings and sales in January 2017.

North Delta

In the North Delta market, the benchmark sale price was $828,200 for detached homes. At the end of January, there were 120 active listings and 23 sales.

The condo market had 4 sales and 10 active listings. The benchmark sale price was $198,000.

Townhomes featured 2 sales, 19 active listings and a $474,500 benchmark sale price.

It’s a buyer’s market for townhomes in North Delta.

MarketHotSheet_January2017_NDelta

North Surrey

In January 2017, there were 45 sales of detached homes and 257 active listings in North Surrey. The benchmark sale price was $821,900.

The condo market had 72 sales and 174 active listings at the end of the month.  The benchmark sale price was $239,900.

In comparison, townhome sales were 12, active listings were 37 and the benchmark sale price was $348,300.

It’s a seller’s market for condos and townhomes in North Surrey.

MarketHotSheet_January2017_NSurrey

[Read more…]

Greater Victoria and Vancouver Island Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in January 2017.

Greater Victoria

In January 2017, there were 184 sales of single family homes and 382 active listings in the Greater Victoria. The benchmark sale price was $636,100 with an average days on market of 34. The hottest market for sales was Langford with 45 sales. There were also 9 sales and 128 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 170 sales, 203 active listings at the end of the month.  The benchmark sale price was $377,900 with an average days on market of 34. The hottest market for sales was Victoria, 34 sales.

Townhome sales were 43, active listings were 65 and the benchmark sale price was $509,500. The average days on market were 47, and the hottest market was Langford with 11 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_January2017_Victoria

[Read more…]

Macdonald Realty listings get extra exposure on international website LeadingRE.com

 PrintMacdonald Realty offers consumers an easy way to search home listings and identify top real estate firms in markets worldwide through its participation in the new LeadingRE.com.

The site also brings global exposure for our BC real estate listings and provides consumer resources, such as cost of living comparisons, school information, recent home sales and other local resources and statistics. LeadingRE.com can be accessed via macrealty.com by clicking the Global Home Search logo on the homepage.

“LeadingRE.com now provides home buyers and sellers an easy way to identify the top-performing real estate companies in a given market by searching over 400,000 member listings or by using our comprehensive member directory,” notes Leading Real Estate Companies of the World Director of Strategic Development Rhett Damon. “Our network linking strategy connects many of our high-traffic member sites to LeadingRE.com’s national or global search, providing valuable listing exposure to home sellers.”

 

LeadingRE-homepage-2017

 

 

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For more information about Macdonald Realty and our LeadingRE partnership please email macrealty@macrealty.com or call 1-877-278-3888.  Looking to buy or sell, locally or globally?  Allow us to make a quality introduction to be matched with an independent brokerage and REALTOR® working in your area.

Applying for the BC Home Partnership Program into 5 EASY STEPS!

BC Home Partnership

5 Steps to Your Application

 

  1. Get a pre-approval from your mortgage broker.
  2. Apply to the Program and receive confirmation of eligibility.

The BC Home Partnership applications takes about 15 minutes to complete and about 5 business days for confirmation. Supporting documentation is as follows.

Provide one of: Canadian Citizenship Card, Permanent Resident Card (must have PR for at least 5 years), or Canadian Birth Certificate.

Also one piece of Government ID, proof of income by way of Notice of Assessment and the pre-approval from your mortgage broker.

  1. Find your home – make an offer “Subject to Financing”.
  2. Apply back to the program and lender with your accepted offer. This should only take at the most 2-3 days.
  3. Upon funding, the lawyer/notary will register the loan as a second mortgage.

 

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[Read more…]

First Time Home Buyers’ Program

On Monday the BC Government launched their First Time Home Buyers’ Program.  For assistance in determining if you qualify read their program information below (copied from their website) or speak to a Mortgage Adviser.  Click here to view a search of all lower mainland homes under $750,000 that qualify for this new program.

BC Home Partnership

[Read more…]

Quality | Connections | Independence

PrintMacdonald Realty is a member of Leading Real Estate Companies of the World™, a global community of real estate companies awarded membership based on rigorous standards for service and performance.

This LeadingRE distinction ensures that you can count on a quality real estate experience when working with us and will benefit from our global connections to buyers and high quality real estate professionals around the world.

 

[Read more…]

Okanagan Real Estate Market Statistics – December 2016

 

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In December 2016, there were 55 sales of detached homes and 389 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $440,761 with an average days on market of 103.

The Condo market had 20 sales and 1130 active listings at the end of the month.  The average sale price was $239,777 with an average days on market of 70.

Townhome sales were 17, active listings were 80. The average sale price was $258,990, and the average days on market were 97.

South Okanagan real estate market stats

 

Central Okanagan: Kelowna and Lake Country

There were 131 sales, 496 active listings, and a $618,631 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 57.

The condo market featured 78 sales and 231 active listings at the end of the month. The average sale price was $272,330 with 54 average days on market.

Townhome sales were 61, active listings were 164, average sale price was $437,463, and the average days on market were 53.

Central Okanagan real estate market

 

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $429,597 with an average days on market of 77 days for detached homes. At the end of December, there were 77 sales and 262 active listings.

There were 10 sales and 76 active listings for condos. The average sale price was $147,475, and the average days on market were 56.

In comparison, townhome featured 16 sales, 73 active listings and a $303,559 average sale price with 59 average days on market.

North Okanagan real estate market stats

 

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Osoyoos and Kelowna. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

—–

This blog post is based on market data provided by the South Okanagan Real Estate Board (SOREB) www.soreb.org and Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

 

 

Greater Vancouver Real Estate Market Statistics – December 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in December 2016.

Vancouver

In the Vancouver Westside, there were 64 sales of detached homes and 402 active listings at the end of December. The benchmark sale price was $3,443,100, with an average days on market of 48. The hottest market for sales was Dunbar with 14 sales.

In comparison, the condo market had 238 sales, 549 active listings and a benchmark sale price of $666,800 with an average of 34 days on market. The hottest market for sales was Downtown VW, 67 sales.

Townhome sales were 20, active listings were 69. The benchmark sale price was $1,061,500 with an average days on market of 35. Kitsilano with 6 sales was the hottest market in December.

It’s a buyer’s market for single family homes.

Vancouver real estate market stats

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – December 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in December 2016.

Squamish

In December 2016, there were 7 sales of detached homes and 93 active listings in Squamish. The benchmark sale price was $813,500 with an average days on market of 68.

The Condo market had 16 sales and 52 active listings at the end of the month.  The benchmark sale price was $371,000 with an average days on market of 70.

Townhome sales were 11, active listings were 40. The benchmark sale price was $649,400, and the average days on market were 48.

It’s a buyer’s market for single family homes in Squamish.

Squamish real estate market

[Read more…]

Surrey, Langley and Fraser Valley Real Estate Market Statistics – December 2016

 

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, Langley, and Fraser Valley listings and sales in December 2016.

North Delta

In the North Delta market, the benchmark sale price was $833,300 for detached homes. At the end of December, there were 125 active listings and 20 sales.

The condo market had 6 sales and 7 active listings. The benchmark sale price was $196,700.

Townhomes featured 5 sales, 12 active listings and a $477,700 benchmark sale price.

It’s a balanced market for single family homes in North Delta.

North Delta real estate stats

[Read more…]

Greater Victoria and Vancouver Island Real Estate Market Statistics – December 2016

 

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in December 2016.

Greater Victoria

In December 2016, there were 199 sales of single family homes and 344 active listings in the Greater Victoria. The benchmark sale price was $625,600 with an average days on market of 36. The hottest market for sales was Langford with 43 sales. There were also 8 sales and 132 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 141 sales, 186 active listings at the end of the month.  The benchmark sale price was $373,700 with an average days on market of 31. The hottest market for sales was Victoria, 40 sales.

Townhome sales were 35, active listings were 65 and the benchmark sale price was $502,200. The average days on market were 30, and the hottest market was Langford with 8 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_Dec2016_Victoria

[Read more…]

Greater Vancouver Real Estate Market Statistics – November 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in November 2016.

Vancouver

In the Vancouver Westside, there were 69 sales of detached homes and 586 active listings at the end of November. The benchmark sale price was $3,521,000, with an average days on market of 48. The hottest market for sales was Point Grey with 13 sales.

In comparison, the condo market had 296 sales, 831 active listings and a benchmark sale price of $686,300 with 26 average days on market. The hottest market for sales was Downtown VW, 71 sales.

Townhome sales were 37, active listings were 111. The benchmark sale price was $1,089,300 with an average days on market of 20. Kitsilano with 7 sales was the hottest market in November.

It’s a buyer’s market for single family homes.

MarketHotSheet_November2016_VanWest

[Read more…]

Okanagan Real Estate Market Statistics – November 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in November 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In November 2016, there were 83 sales of detached homes and 463 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $432,449 with an average days on market of 92.

The Condo market had 27 sales and 130 active listings at the end of the month.  The average sale price was $200,595 with an average days on market of 94.

Townhome sales were 20, active listings were 85. The average sale price was $288,275, and the average days on market were 56.

MarketHotSheet_November2016_SouthOkanagan

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – November 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in November 2016.

Squamish

In November 2016, there were 14 sales of detached homes and 117 active listings in Squamish. The benchmark sale price was $792,100 with an average days on market of 74.

The Condo market had 12 sales and 65 active listings at the end of the month.  The benchmark sale price was $361,200 with an average days on market of 47.

Townhome sales were 12, active listings were 53. The benchmark sale price was $628,000, and the average days on market were 32.

It’s a buyer’s market for single family homes in Squamish.

MarketHotSheet_November2016_Squamish

[Read more…]

Luxury Homes Collection Magazine Winter 2016

The winter edition of the Luxury Homes Collection Magazine features some exceptional homes from across British Columbia that are part of the Macdonald Realty Luxury Program. With a diverse collection of properties, from downtown Penthouses to island waterfront cabins there is plenty to see.

Featured in this edition is a message from the President of Luxury Portfolio International®, Paul Boomsma, our network affiliate partner on the global brand. Their LuxeTrends® gives us a look into the future of exploration, innovation and relaxation, with touchscreen fridges and underwater resorts.

Winter 2016 Luxury Homes Collection Magazine

Click magazine cover to view

Gracing our pages this edition are some beautiful locations, with stunning views of the Okanagan vineyards, Georgia Strait beaches, and Squamish mountain ranges. Our cover story denotes the growing luxury properties in the Squamish Valley with 10 properties featured from the region. The Sea-to-Sky corridor is fast becoming a haven for city escapers, first time homeowners and outdoor enthusiasts looking to find affordable luxury and plenty of gorgeous scenery. You can always see our latest luxury property listings online at luxuryhomescollection.ca 

Click Here to View the digital edition on your computer or tablet

Surrey, Langley and Fraser Valley Real Estate Market Statistics – November 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, Langley, and Fraser Valley listings and sales in November 2016.

North Surrey

In November 2016, there were 46 sales of detached homes and 352 active listings in North Surrey. The benchmark sale price was $836,200.

The condo market had 82 sales, 170 active listings at the end of the month.  The benchmark sale price was $237,300.

In comparison, townhome sales were 28, active listings were 44 and the benchmark sale price was $336,900.

It’s a buyer’s market for single family homes.

MarketHotSheet_November2016_NSurrey

[Read more…]

Greater Victoria and Vancouver Island Real Estate Market Statistics – November 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in November 2016.

Greater Victoria

In November 2016, there were 264 sales of single family homes and 458 active listings in the Greater Victoria. The benchmark sale price was $620,100 with an average days on market of 30. The hottest market for sales was Langford with 50 sales. There were also 25 sales and 138 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 170 sales, 255 active listings at the end of the month.  The benchmark sale price was $371,300 with an average days on market of 33. The hottest market for sales was Victoria, 73 sales.

Townhome sales were 56, active listings were 80 and the benchmark sale price was $501,300. The average days on market were 29, and the hottest market was Langford with 10 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_November2016_Victoria

[Read more…]

Okanagan Real Estate Market Statistics – October 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in October 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In October 2016, there were 84 sales of detached homes and 538 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $536,283 with an average days on market of 109.

The Condo market had 34 sales and 139 active listings at the end of the month.  The average sale price was $240,829 with an average days on market of 65.

Townhome sales were 26, active listings were 94. The average sale price was $272,162, and the average days on market were 99.

MarketHotSheet_October2016_SouthOkanagan

[Read more…]

Greater Vancouver Real Estate Market Statistics – October 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in October 2016.

Vancouver

In the Vancouver Westside, there were 79 sales of detached homes and 650 active listings at the end of October. The benchmark sale price was $3,569,700, with an average days on market of 39. The hottest market for sales was Kitsilano with 10 sales.

In comparison, the condo market had 301 sales, 939 active listings and a benchmark sale price of $680,100 with 26 average days on market. The hottest market for sales was Downtown VW, 74 sales.

Townhome sales were 24, active listings were 140. The benchmark sale price was $1,123,800 with an average days on market of 24. Kitsilano with 5 sales was the hottest market in October.

It’s a buyer’s market for single family homes.

MarketHotSheet_October2016_VanWest

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – October 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in October 2016.

Squamish

In October 2016, there were 11 sales of detached homes and 128 active listings in Squamish. The benchmark sale price was $770,300 with an average days on market of 53.

The Condo market had 10 sales and 58 active listings at the end of the month.  The benchmark sale price was $357,500 with an average days on market of 26.

Townhome sales were 12, active listings were 51. The benchmark sale price was $625,200, and the average days on market were 29.

It’s a buyer’s market for single family homes in Squamish.

MarketHotSheet_October2016_Squamish

[Read more…]

Surrey, Langley and Fraser Valley Real Estate Market Statistics – October 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, Langley, and Fraser Valley listings and sales in October 2016.

North Surrey

In October 2016, there were 45 sales of detached homes and 382 active listings in North Surrey. The benchmark sale price was $860,200.

The condo market had 85 sales, 190 active listings at the end of the month.  The benchmark sale price was $231,300.

In comparison, townhome sales were 28, active listings were 54 and the benchmark sale price was $344,100.

It’s a buyer’s market for single family homes.

MarketHotSheet_September2016_NSurrey

[Read more…]

Greater Victoria and Vancouver Island Real Estate Market Statistics – October 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in October 2016.

Greater Victoria

In October 2016, there were 333 sales of single family homes and 499 active listings in the Greater Victoria. The benchmark sale price was $618,700 with an average days on market of 28. The hottest market for sales was Langford with 78 sales. There were also 21 sales and 161 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 215 sales, 276 active listings at the end of the month.  The benchmark sale price was $367,800 with an average days on market of 29. The hottest market for sales was Victoria, 85 sales.

Townhome sales were 78, active listings were 102 and the benchmark sale price was $491,500. The average days on market were 31, and the hottest market was Langford with 20 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_September2016_Victoria

[Read more…]

Greater Vancouver Real Estate Market Statistics – September 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in September 2016.

Vancouver

In the Vancouver Westside, there were 62 sales of detached homes and 699 active listings at the end of September. The benchmark sale price was $3,624,300, with an average days on market of 31. The hottest market for sales was Dunbar with 12 sales.

In comparison, the condo market had 331 sales, 931 active listings and a benchmark sale price of $683,200 with 21 average days on market. The hottest market for sales was Downtown VW, 69 sales.

Townhome sales were 31, active listings were 113. The benchmark sale price was $1,116,300 with an average days on market of 17. Fairview VW with 10 sales was the hottest market in September.

It’s a buyer’s market for single family homes.

MarketHotSheet_September2016_VanWest

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – September 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in September 2016.

Squamish

In September 2016, there were 19 sales of detached homes and 123 active listings in Squamish. The benchmark sale price was $787,200 with an average days on market of 75.

The Condo market had 13 sales and 51 active listings at the end of the month.  The benchmark sale price was $367,800 with an average days on market of 48.

Townhome sales were 7, active listings were 49. The benchmark sale price was $636,200, and the average days on market were 13.

It’s a buyer’s market for single family homes and townhomes in Squamish.

MarketHotSheet_September2016_Squamish

[Read more…]

Surrey, Langley and Fraser Valley Real Estate Market Statistics – September 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, Langley, and Fraser Valley listings and sales in September 2016.

North Surrey

In September 2016, there were 40 sales of detached homes and 418 active listings in North Surrey. The benchmark sale price was $870,700.

The condo market had 90 sales, 214 active listings at the end of the month.  The benchmark sale price was $229,200.

In comparison, townhome sales were 28, active listings were 53 and the benchmark sale price was $345,300.

It’s a buyer’s market for single family homes.

MarketHotSheet_September2016_NSurrey

[Read more…]

Greater Victoria Real Estate Market Statistics – September 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in September 2016.

Greater Victoria

In September 2016, there were 341 sales of single family homes and 560 active listings in the Greater Victoria. The benchmark sale price was $615,600 with an average days on market of 33. The hottest market for sales was Saanich East with 80 sales. There were also 24 sales and 179 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 205 sales, 303 active listings at the end of the month.  The benchmark sale price was $362,800 with an average days on market of 31. The hottest market for sales was Victoria, 72 sales.

Townhome sales were 81, active listings were 116 and the benchmark sale price was $486,800. The average days on market were 40, and the hottest market was Langford with 30 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_September2016_Victoria

[Read more…]

Macdonald Realty sponsors InspiredHealth cookbook

We are delighted to announce the beginCMYKorangeIHvectorning of a new charitable partnership between Macdonald Real Estate Group and InspireHealth, a local not-for-profit supportive cancer care organization with centres in Vancouver, Victoria and Kelowna.  They provide important programs and services to enhance quality of life, health and well-being of people living with cancer and their families.

Macdonald Real Estate Group has signed on to be the presenting sponsor of InspireHealth’s new cookbook ‘Inspired Cooking‘ featuring 50 exclusive recipes from 20 of Canada’s top chefs including BC’s Vikram Vij (Vij’s Restaurant Group), Ned Bell (Yew at Four Seasons Hotel), Warren Barr (The Pointe Restaurant at Wickaninnish Inn), James Walt (Araxi) and many more.

Last year, InspireHealth welcomed more than 2,400 new members, provided 2,000+ classes and more than 25,000 patient visits – all completely free of charge.  This InspiredHealth cookbook is an important fundraising venture and we are so proud to be a leading sponsor of this project. Watch for the cookbook is stores this holiday season and if you wish to make a donation to the project you can ​visit their Kickstarter page here. 

 

BNN interview about tax evasion in B.C. real estate market

B.C.’s finance minister, Mike de Jong, urges Canada Revenue Agency to “diligently” enforce the law following a report that speculators are flipping homes in B.C. without paying tax. Business News Network (BNN) invites Jonathan Cooper, Vice President of Operations at Macdonald Real Estate Group to share his opinions.

Tax evasion in B.C. real estate market happening but rare

(To view the video on mobile devices, please click here for direct play on BNN.)

 

About Macdonald Real Estate Group
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $7 billion and over $2 billion in assets under management. With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China. Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

Condos in Downtown Vancouver

The residential areas of Downtown Vancouver comprise 3 main areas:

  1. Yaletown – which borders the north side of False Creek and much of it originally was developed by Concord Pacific after the Expo 86 World’s Fair;
  2. Coal Harbour – which is the strip of newly developed condos north of West Georgia Street and West of Burrard Street; and
  3. The West End – which comprises the downtown core and west of Burrard Street.

It seems that the new 15% tax on “foreign” buyers has had very little impact on this market, especially with condos where the asking price is under $2 million.  There are many reasons for this:

  • Only 1-5% of the buyers in this segment traditionally have been “foreign”;
  • More and more “empty nesters” from the West Side of Vancouver sell their homes after their children have moved out and downsize by moving downtown and retire on the capital gains earned by selling their detached homes;
  • The buyers are from all backgrounds: local retired people, young singles and married couples (usually with no children or with small families), Chinese immigrants, Koreans, Iranians, Americans, Eastern Europeans, Middle Easterners, etc. In other words there is strong demand from all segments of the market;
  • There seems to be increasing interest in this area from “foreigners” from the USA, typically young hi-tech professionals from San Francisco and San Jose, and older couples from Seattle and Los Angeles, all of them attracted by the diversity, safety, cuisine, scenery and recreational opportunities downtown Vancouver has to offer.
  • Being close to the Central Business District is extremely convenient for the tens of thousands of professionals of all kinds who work downtown.

What’s so special about the Downtown core of Vancouver?  Well, it depends on the specific neighbourhood:

[Read more…]

Are Prices Down, or Not? Average Price vs. Benchmark Price

Why are some articles saying prices are going down, and others saying that for the same product category, they’re not? How is that even possible? Whenever you read real estate reports, it is important to understand how the data used is interpreted by the author. With the high price points of Vancouver’s heated real estate market, conversations about predicting where property values will go next seems to have become a daily conversation wherever we go. In this video, I discuss the difference between the two common ways of measuring price points: Average Price vs. (HPI) Benchmark Price.

 Are prices down, or not? Two ways to measure prices.

When looking at activity for a given period of time, the Average Price per unit is exactly that – an average of all of the sales for that period within a certain market segment.

[Read more…]

Okanagan Real Estate Market Statistics – August 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In August 2016, there were 124 sales of detached homes and 646 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $457,550 with an average days on market of 94.

The Condo market had 38 sales and 161 active listings at the end of the month.  The average sale price was $197,717 with an average days on market of 108.

Townhome sales were 37, active listings were 113. The average sale price was $291,574, and the average days on market were 62.

MarketHotSheet_August2016_SouthOkanagan

[Read more…]

Greater Vancouver Real Estate Market Statistics – August 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in August 2016.

Vancouver

In the Vancouver Westside, there were 63 sales of detached homes and 634 active listings at the end of August. The benchmark sale price was $3,617,400, with an average days on market of 30. The hottest markets for sales were Dunbar and South Granville with 9 sales each.

In comparison, the condo market had 344 sales, 829 active listings and a benchmark sale price of $691,900 with 17 average days on market. The hottest market for sales was Downtown VW, 81 sales.

Townhome sales were 38, active listings were 87. The benchmark sale price was $1,107,000 with an average days on market of 15. Fairview VW and Kitsilano with 8 sales each were the hottest markets in August.

It’s a buyer’s market for single family homes.

MarketHotSheet_August2016_VanWest

[Read more…]

Surrey, Langley and Fraser Valley Real Estate Market Statistics – June 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, White Rock, Langley, and Fraser Valley listings and sales in June 2016.

North Surrey

In June 2016, there were 132 sales of detached homes and 329 active listings in North Surrey. The benchmark sale price was $878,300, an increase of 46.6% compared to June 2015.

The condo market had 137 sales, 290 active listings at the end of the month.  The benchmark sale price was $219,800.

In comparison, townhome sales were 39, active listings were 55 and the benchmark sale price was $306,000.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_June2016_NSurrey

[Read more…]

Greater Victoria Real Estate Market Statistics – June 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in June 2016.

Greater Victoria

In June 2016, there were 543 sales of single family homes and 581 active listings in Greater Victoria. The benchmark sale price was $593,700 with an average days on market of 32. The hottest market for sales was Saanich East with 103 sales. There were also 38 sales and 207 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 338 sales, 401 active listings at the end of the month.  The benchmark sale price was $342,200 with an average days on market of 33. The hottest market for sales was Victoria, 130 sales.

Townhome sales were 92, active listings were 113 and the benchmark sale price was $461,900. The average days on market were 31, and the hottest market was Langford with 38 sales.

Listings are down. Prices are up. It’s a seller’s market.

MarketHotSheet_June2016_Victoria

[Read more…]

BNN interview about the Vancouver housing supply problem

Business News Network (BNN) speaks with Jonathan Cooper, Vice President of Operations at Macdonald Real Estate Group about David Rosenberg of Gluskin Sheff + Associates comments on policymakers and housing supply constraints and how they would relate to the Vancouver real estate market.  What change are needed to address the Vancouver housing supply problem?

 

Best policy levers to address Vancouver’s housing supply constraints


(To view the video on mobile devices, please click here for direct play on BNN.)

[Read more…]

Greater Vancouver Real Estate Market Statistics – May 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in May 2016.

Vancouver

In the Vancouver Westside, there were 191 sales of detached homes and 587 active listings at the end of May. The benchmark sale price was $3,442,100, with an average days on market of 30. The hottest market for sales was Fairview VW with 37 sales.

In comparison, the condo market had 573 sales, 764 active listings and a benchmark sale price of $673,000 with 22 average days on market. The hottest market for sales was Downtown VW, 115 sales.

Townhome sales were 74, active listings were 83. The benchmark sale price was $1,035,400 with an average days on market of 16. Kitsilano, 14 sales, was the hottest market for sales in May.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_May2016_VanWest

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – May 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in May 2016.

Squamish

In May 2016, there were 40 sales of detached homes and 84 active listings in Squamish. The benchmark sale price was $729,300 with an average days on market of 36.

The Condo market had 22 sales and 43 active listings at the end of the month.  The benchmark sale price was $330,900 with an average days on market of 41.

Townhome sales were 23, active listings were 18. The benchmark sale price was $575,700, and the average days on market were 19.

MarketHotSheet_May2016_Squamish

[Read more…]

Okanagan Real Estate Market Statistics – May 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In May 2016, there were 192 sales of detached homes and 684 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $469,692 with an average days on market of 77.

The Condo market had 41 sales and 179 active listings at the end of the month.  The average sale price was $242,459 with an average days on market of 112.

Townhome sales were 46, active listings were 101. The average sale price was $252,502, and the average days on market were 77.

MarketHotSheet_May2016_SouthOkanagan

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Surrey, Langley and Fraser Valley Real Estate Market Statistics – May 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, Langley, and Fraser Valley listings and sales in May 2016.

North Surrey

In May 2016, there were 154 sales of detached homes and 292 active listings in North Surrey. The benchmark sale price was $853,600, an increase of 45.0% compared to May 2015.

The condo market had 119 sales, 348 active listings at the end of the month.  The benchmark sale price was $216,800.

In comparison, townhome sales were 34, active listings were 53 and the benchmark sale price was $289,400.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_May2016_NSurrey

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Macdonald Realty nominated for HGTV’s Ultimate House Hunt 2016

It is time for HGTV.com’s Ultimate House Hunt once again!

This year Macdonald Realty is nominated in the Best International Home category for a spectacular Three-Level Penthouse in Vancouver, Canada.  This is the category we won last year for The Sanctuary, a luxury home we listed and sold in Squamish B.C.

spectacular Three-Level Penthouse in Vancouver

SENSATIONAL TROPHY VANCOUVER PENTHOUSE – Atop a 32 storey skyscraper this three level sky mansion sprawls over 6,000 square feet of living space and 1,700 square feet of terraces. Outstanding first impressions from the direct elevator access leading to a grand living room featuring soaring 16 foot ceilings, panoramic English Bay views and a grand curved staircase. Master boasts gas fireplace, large steam shower and a two person jetted tub situated mid room. Main level offers second master suite with fireplace and numerous built-in cabinets. Bespoke chef’s kitchen with 48 inch Décor six burner range, numerous built-in ovens and appliances anchored by huge granite island and access to 700 square foot terrace with fireplace and built-in Viking BBQ. Family room with grand wet bar, air conditioning, concierge and six-car private garage. LP $7,838,000

Macdonald Realty nominated for HGTV luxury home contest

Tour amazing homes across the globe, vote for your favourites, and enter for your chance to win a $10,000 cash prize! And remember you can vote for your favourites once a day. Follow the instructions below to vote for Macdonald Realty’s Nominee for HGTV’s Ultimate House Hunt 2016:

Step 1: Tour the homes in the category.
Step 2: When you’ve found your favorite, click “I’m Ready to Vote.”
Step 3: Choose your favorite by clicking “Vote.”
Step 4: Click “Continue to Next Category” to tour more homes.

Click here to vote.

Vote for HGTV's Ultimate House Hunt 2016

Greater Victoria Real Estate Market Statistics – May 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in May 2016.

Greater Victoria

In May 2016, there were 597 sales of single family homes and 628 active listings in Greater Victoria. The benchmark sale price was $584,700 with an average days on market of 29. The hottest market for sales was Saanich East with 125 sales. There were also 42 sales and 192 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 379 sales, 459 active listings at the end of the month.  The benchmark sale price was $332,900 with an average days on market of 32. The hottest market for sales was Victoria, 142 sales.

Townhome sales were 126, active listings were 132 and the benchmark sale price was $457,000. The average days on market were 39, and the hottest markets were Victoria and Langford with 28 sales each.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_May2016_Victoria

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Okanagan Real Estate Market Statistics – April 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In April 2016, there were 133 sales of detached homes and 666 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $456,129 with an average days on market of 107.

The Condo market had 24 sales and 224 active listings at the end of the month.  The average sale price was $212,250 with an average days on market of 105.

Townhome sales were 30, active listings were 115. The average sale price was $252,505, and the average days on market were 54.

MarketHotSheet_April2016_SouthOkanagan

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Greater Vancouver Real Estate Market Statistics – April 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in April 2016.

Vancouver

In the Vancouver Westside, there were 231 sales of detached homes and 590 active listings at the end of April. The benchmark sale price was $3,199,600, with an average days on market of 29. The hottest market for sales was Dunbar with 42 sales.

In comparison, the condo market had 559 sales, 763 active listings and a benchmark sale price of $656,900 with 23 average days on market. The hottest market for sales was Downtown VW, 129 sales.

Townhome sales were 75, active listings were 84. The benchmark sale price was $966,400 with an average days on market of 18. Kitsilano, 19 sales, was the hottest market for sales in April.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_April2016_VanWest

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Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – April 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in April 2016.

Squamish

In April 2016, there were 47 sales of detached homes and 74 active listings in Squamish. The benchmark sale price was $687,100 with an average days on market of 25.

The Condo market had 36 sales and 41 active listings at the end of the month.  The benchmark sale price was $323,800 with an average days on market of 26.

Townhome sales were 14, active listings were 20. The benchmark sale price was $574,000, and the average days on market were 16.

MarketHotSheet_April2016_Squamish

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Surrey, Langley and Fraser Valley Real Estate Market Statistics – April 2016

Here are the latest real estate market statistics from Macdonald Realty on Surrey, Langley, and Fraser Valley listings and sales in April 2016.

North Surrey

In April 2016, there were 144 sales of detached homes and 263 active listings in North Surrey. The benchmark sale price was $776,900, an increase of 34.1% compared to April 2015.

The condo market had 94 sales, 382 active listings at the end of the month.  The benchmark sale price was $214,500.

In comparison, townhome sales were 46, active listings were 45 and the benchmark sale price was $281,800.

Listings are down. Sales are up. It’s a seller’s market.

 

MarketHotSheet_April2016_NSurrey
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Greater Victoria Real Estate Market Statistics – April 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in April 2016.

Greater Victoria

In April 2016, there were 653 sales of single family homes and 693 active listings in Greater Victoria. The benchmark sale price was $568,100 with an average days on market of 33. The hottest market for sales was Saanich East with 142 sales followed by Langford with 114 sales. There were also 30 sales and 198 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 293 sales, 553 active listings at the end of the month.  The benchmark sale price was $326,800 with an average days on market of 41. The hottest market for sales was Victoria, 117 sales.

Townhome sales were 122, active listings were 145 and the benchmark sale price was $442,200. The average days on market were 44, and the hottest markets were Victoria and Langford with 18 sales each.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_April2016_Victoria

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Okanagan Real Estate Market Statistics – March 2016

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2016.

South Okanagan: Osoyoos, Oliver, and Penticton

In March 2016, there were 107 sales of detached homes and 637 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $394,113 with an average days on market of 89.

The Condo market had 38 sales and 214 active listings at the end of the month.  The average sale price was $223,574 with an average days on market of 86.

Townhome sales were 25, active listings were 99. The average sale price was $276,880, and the average days on market were 85.

MarketHotSheet_March2016_SouthOkanagan

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Greater Vancouver Real Estate Market Statistics – March 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in March 2016.

Vancouver

In the Vancouver Westside, there were 221 sales of detached homes and 571 active listings at the end of March. The benchmark sale price was $3,072,000, with an average days on market of 25. The hottest market for sales was Dunbar with 36 sales.

In comparison, the condo market had 683 sales, 722 active listings and a benchmark sale price of $635,300 with 22 average days on market. The hottest market for sales was Downtown VW, 168 sales.

Townhome sales were 77, active listings were 88. The benchmark sale price was $939,000 with an average days on market of 19. Kitsilano, 14 sales, was the hottest market for sales in March.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_March2016_VanWest

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Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – March 2016

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler and Sunshine Coast listings and sales in March 2016.

Squamish

In March 2016, there were 34 sales of detached homes and 64 active listings in Squamish. The benchmark sale price was $658,600 with an average days on market of 36.

The Condo market had 26 sales and 55 active listings at the end of the month.  The benchmark sale price was $310,500 with an average days on market of 23.

Townhome sales were 19, active listings were 21. The benchmark sale price was $550,900, and the average days on market were 24.

MarketHotSheet_March2016_Squamish

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Greater Victoria Real Estate Market Statistics – March 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in March 2016.

Greater Victoria

In March 2016, there were 537 sales of single family homes and 766 active listings in Greater Victoria. The benchmark sale price was $552,800 with an average days on market of 30. The hottest market for sales was Saanich East with 134 sales followed by Langford with 81 sales. There were also 25 sales and 181 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 276 sales, 479 active listings at the end of the month.  The benchmark sale price was $322,600 with an average days on market of 52. The hottest market for sales was Victoria, 110 sales.

Townhome sales were 132, active listings were 160 and the benchmark sale price was $432,400. The average days on market were 40, and the hottest markets was Victoria with 24 sales.

Listings are down. Sales are up. It’s a seller’s market.

 

MarketHotSheet_March2016_Victoria

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Surrey, Langley and Fraser Valley Real Estate Market Statistics – March 2016

Macdonald Realty’s offices from Surrey, White Rock/South Surrey, and Langley present these real estate reports of the residential markets for the Fraser Valley areas last month. For a full breakdown on inventory and sales for both detached homes and condos, as well as the type of market, please click the link below.

North Surrey

In March 2016, there were 153 sales of detached homes and 227 active listings in North Surrey. The benchmark sale price was $735,100, an increase of 29.0% compared to March 2015.

The condo market had 118 sales, 373 active listings at the end of the month.  The benchmark sale price was $211,700.

In comparison, townhome sales were 39, active listings were 57 and the benchmark sale price was $279,100.

Listings are down. Sales are up. It’s a seller’s market.

MarketHotSheet_March2016_NSurrey

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