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

North Delta

In the North Delta market, the benchmark sale price was $913,600 for detached homes. At the end of the month, there were 164 active listings and 53 sales.

The condo market had 9 sales and 32 active listings. The benchmark sale price was $324,100.

Townhomes featured 10 sales, 21 active listings and a $556,200 benchmark sale price.

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

MarketHotSheet_August2017_NDelta

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

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

Greater Victoria

In August 2017, there were 314 sales of single family homes and 585 active listings in the Greater Victoria. The benchmark sale price was $694,500 with an average days on market of 30. The hottest market for sales was Sannich East with 62 sales. There were also 24 sales and 145 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 206 sales, 328 active listings at the end of the month.  The benchmark sale price was $435,200 with an average days on market of 22. The hottest market for sales was Victoria, 75 sales.

Townhome sales were 78, active listings were 90 and the benchmark sale price was $554,400. The average days on market were 21, and the hottest market was Langford with 13 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_August2017_Victoria

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Luxury Homes Collection Magazine Autumn 2017

These three quarters of 2017 have been quite interesting in the real estate market of British Columbia. Between regulations, rising housing costs, global investors and a changing provincial government, the landscape is ever shifting. Throughout the year our advisors have worked tirelessly for their clients and are marketing some exceptional properties within our Luxury Collection.

The Economist’s Economist Intelligence Unit once again named Vancouver the third most livable city in the world. This continues to foster the interest in British Columbia as a world class destination. We are fortunate to have a variety of landscapes and climate regions, and an abundance of land to satisfy discerning tastes.

Our Cover Story is a beautifully renovated condo in Downtown Vancouver, with an exceptional view and state of the art technology including a ensuite wall that turns into a window from the bedroom. This summer I stopped through the Similkameen Valley to sample wines from this beautiful region of the province. It is one of the best fruit growing areas with its rich soils, hot days and cool nights for exceptionally tasty fruit and sip-able wines. Please check out my recommendations for delicious wines in Wine Not for some great expressions of the district.

MacdonaldRealtyLuxMag_Autumn2017 - FINAL COVER

click magazine cover to view

 

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

Macdonald Realty REALTOR® Supports North Shore Schizophrenia Society

Carolyn Hill

North Shore Schizophrenia Society is the latest recipient of a Real Estate Association of Whistler (REAW) Community Grant. This organization meets regularly on Thursday nights in Whistler, and provides outreach, support and education to families supporting a relative with mental illness. Carolyn Hill, member of the REAW Board of Directors and REALTOR® of Macdonald Realty Whistler office, is pleased to present the donation cheque.

To learn more about North Shore Schizophrenia Society and find out what you can help, please visit:
http://www.northshoreschizophrenia.org/

Already-tight student rental picture expected to worsen this fall | Vancouver Sun

Metro Vancouver is heading for a rental housing crisis this fall as a “perfect storm” of factors pushes an already record low vacancy rate even lower, says a leading Vancouver-based real estate firm.

“There has traditionally been a shortage of rental housing for students when they start school in the fall, but this year it looks like that shortage is going to be a lot worse,” said Nick Marini, vice-president at Macdonald Property Management.

Based on government statistics, Macdonald is forecasting a seven-per-cent increase this year in international students attending B.C. educational institutions. Meanwhile, the market-dampening 15-per-cent foreign buyers’ tax and tighter mortgage qualification requirements mean that parents of students are less likely to buy homes for their children, said Marini. As a result, a larger number of students will be hunting for rental housing this fall, increasing demand for accommodation.

Marini said the government steps to cool the red-hot housing market — such as the 15-per-cent foreign buyers’ tax and mortgage restrictions requiring that first-time buyers have higher incomes — have only pushed the housing affordability crisis to the rental market.

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MoneySense names top 5 Victoria neighbourhoods to buy real estate

No. 1 wins for scenic views and proximity to downtown.

moneysensevictoriaIn April 2017 MoneySense.ca  selected their top Victoria neighbourhoods to buy real estate.

By the end of last year, the benchmark price had grown almost 24% for a single-family home in the Victoria area. According to Victoria’s Real Estate Board, this spike in sales price is due, in part, to dwindling listings. Listings were down 41%, when compared to 2015, even as the number of sales last year broke new records for this west coast city. As a result, buyers looking for a home in the Greater Victoria Area are beginning to look further afield.  Read the rest of the article here. 

We’ve rounded up homes for sale in each of these Where to Buy neighbourhoods to make it easy for you.

The top 5 Victoria neighbourhoods for buyers, according to MoneySense are:

  1. Sidney South-East, Sidney

  2. Saxe Point, Esquimalt

  3. Sidney North-East, Sidney

  4. Estevan, Oak Bay

  5. Uplands, Oak Bay

To view all active listings currently for sale in one of these areas simply click the neighbourhood links above or call our head office at 1-877-278-3888 to be matched to an expert real estate agent in your area.

Greater Vancouver Real Estate Market Statistics – July 2017

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

Vancouver

In the Vancouver Westside, there were 74 sales of detached homes and 768 active listings at the end of the month. The benchmark sale price was $3,666,200, with an average days on market of 36. The hottest markets for sales were Dunbar and South Granville with 9 sales each.

In comparison, the condo market had 397 sales, 797 active listings and a benchmark sale price of $783,700 with an average of 17 days on market. The hottest market for sales was Downtown VW, 100 sales.

Townhome sales were 40, active listings were 146. The benchmark sale price was $1,232,000 with an average days on market of 14. Fairview VW with 9 sales was the hottest market in July.

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

MarketHotSheet_July2017_VanWest

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

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

Squamish

In July 2017, there were 23 sales of detached homes and 131 active listings in Squamish. The benchmark sale price was $970,100 with an average days on market of 43.

The Condo market had 16 sales and 28 active listings at the end of the month.  The benchmark sale price was $445,800 with an average days on market of 20.

Townhome sales were 26, active listings were 39. The benchmark sale price was $669,400, and the average days on market were 25.

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

MarketHotSheet_July2017_Squamish

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Okanagan Real Estate Market Statistics – July 2017

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

Central Okanagan: Kelowna and Lake Country

There were 282 sales, 898 active listings, and a $692,838 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 41.

The condo market featured 169 sales and 424 active listings at the end of the month. The average sale price was $326,770 with 38 average days on market.

Townhome sales were 100, active listings were 263, average sale price was $464,463, and the average days on market were 41.

MarketHotSheet_July2017_CentralOkanagan

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

North Delta

In the North Delta market, the benchmark sale price was $907,700 for detached homes. At the end of the month, there were 176 active listings and 49 sales.

The condo market had 13 sales and 28 active listings. The benchmark sale price was $325,300.

Townhomes featured 9 sales, 23 active listings and a $555,400 benchmark sale price.

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

MarketHotSheet_July2017_NDelta

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