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

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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.

 

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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.

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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

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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

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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

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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

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How my agent found the perfect home in a hot seller’s market

A real estate company vice president on his homebuying journey

Posted on Inman News  December 14, 2016

  • In North America, where everyone knows 10-plus agents, the ones who do it right set themselves apart.
  • Good agents don’t just wait for their clients to ask them questions: They are pro-active to ensure the client is getting the information they need.
  • When trying to buy a home in a hot market, it helps immensely to have an agent with a positive, steady attitude.

Selling my home was, of course, just the first of two chapters.

In part one of this series, I wrote about my experience listing my home and the many ways that our agent helped make the selling process easier and more successful.

When my wife and I woke up the next morning, we found ourselves buyers in the red-hot Vancouver housing market.

We wanted to stay, broadly, in the same Kitsilano area — close to my office, the kids’ grandparents and family-friendly community amenities.

We were searching for a three-bedroom condo, ground-oriented, hopefully with some outdoor space: essentially, the same thing every young family was eyeing in that neighborhood.

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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

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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

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