Congratulations to Sheila Aujla for her election yesterday as a new Director at VREB!

Sheila joins David Langlois from our Victoria office to fill two positions on a nine member board – the maximum number of Directors an Office is permitted to have on the Board of Directors.

We are very proud to have such high representation at this level of governance. This illustrates that our Office members have the skills and the confidence of their colleagues to guide the Board through these challenging times.

Congratulations again Sheila!

Luxury Homes Collection – Fall 2018

New Fall edition of Macdonald Realty’s Luxury Homes Collection has arrived!

For six consecutive years the magazine has been featuring a wide variety of luxury properties from all over the province. The collection of luxury homes keeps surprising us with the range of amenities that high-end homes have to offer. Whether it is a well-equipped wine room, yoga studio, karaoke stage or even a slide, there is always something special for an affluent home buyer.

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – September 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in September 2018.

Squamish

In September 2018, there were 11 sales of detached homes and 151 active listings in Squamish. The benchmark sale price was $985,100 with an average days on market of 68.

The condo market had 8 sales and 46 active listings at the end of the month.  The benchmark sale price was $482,700 with an average days on market of 61.

Townhome sales were 3 sales, active listings were 54. The benchmark sale price was $726,700 and the average days on market were 71.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_September_2018_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – September 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in September 2018.

Vancouver-West

In the Vancouver Westside, there were 39 sales of detached homes and 858 active listings at the end of the month. The benchmark sale price was $3,254,200, with average days on market of 59. The hottest markets for sales was Kerrisdale with 7 sales.

In comparison, the condo market had 209 sales, 1,347 active listings and a benchmark sale price of $804,100 with an average of 30 days on market. The hottest market for sales was Downtown VW, 52 sales.

Townhome sales were 28, active listings were 227. The benchmark sale price was $1,229,300 with an average days on market of 33. Fairview VW with 6 sales was the hottest market of the month.

It’s a buyer’s market in Vancouver West.

MarketHotSheet_September_2018_VancouverWest

[Read more…]

Okanagan Real Estate Market Statistics – September 2018

Central Okanagan: Kelowna and Lake Country

There were 180 sales, 1,241 active listings, and a $720,824 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 58.

The condo market featured 94 sales and 536 active listings at the end of the month. The average sale price was $346,102 with 64 average days on market.

Townhome sales were 46, active listings were 385, average sale price was $510,426, and the average days on market were 71.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_September_2018_CentralOkanagan

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – September 2018

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 September 2018.

North Delta

In the North Delta market, the benchmark sale price was $931,000 for detached homes. At the end of the month, there were 196 active listings and 25 sales.

The condo market had 3 sales and 34 active listings. The benchmark sale price was $429,700.

Townhomes featured 4 sales, 22 active listings and a $571,900 benchmark sale price.

It’s a buyer’s market for homes and condos.

MarketHotSheet_September_2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – September 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in September 2018.

Greater Victoria

In September 2018, there were 222 sales of single family homes and 951 active listings in Greater Victoria. The benchmark sale price was $768,000 with an average days on market of 46. The hottest markets for sales was Saanich East with 46 sales. There were also 20 sales and 160 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 149 sales and 413 active listings at the end of the month. The benchmark sale price was $495,000 with an average days on market of 33. The hottest market for sales was Victoria, 59 sales.

Townhome sales were 59, active listings were 220 and the benchmark sale price was $586,000. The average days on market were 43, and the hottest market was Langford with 16 sales.

It’s a seller’s market for Condos & Townhomes.

MarketHotSheet_September_2018_Victoria

[Read more…]

Okanagan Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2018.

Central Okanagan: Kelowna and Lake Country

There were 190 sales, 1,265 active listings, and a $687,413 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 60.

The condo market featured 116 sales and 554 active listings at the end of the month. The average sale price was $354,728 with 60 average days on market.

Townhome sales were 75, active listings were 359, average sale price was $504,574, and the average days on market were 67.

MarketHotSheet_August_2018_CentralOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $483,666 with an average days on market of 62 days for detached homes. At the end of the month, there were 93 sales and 500 active listings.

There were 14 sales and 78 active listings for condos. The average sale price was $256,089, and the average days on market were 47.

In comparison, townhome featured 32 sales, 138 active listings and a $355,447 average sale price with 68 average days on market.

MarketHotSheet_August_2018_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.

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

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in August 2018.

Squamish

In August 2018, there were 22 sales of detached homes and 151 active listings in Squamish. The benchmark sale price was $1,000,500 with an average days on market of 80.

The condo market had 16 sales and 46 active listings at the end of the month.  The benchmark sale price was $513,400 with an average days on market of 40.

Townhome sales were 8 sales, active listings were 42. The benchmark sale price was $709,100 and the average days on market were 25.

It’s a seller’s market for condos.

MarketHotSheet_August_2018_Squamish

[Read more…]