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

The Vancouver Eastside had 181 sales and 422 active listings for detached homes at the end of the month. The benchmark sales price was $1,345,400, and the average days on market were 15. The hottest sales markets were Fraser VE with 24 sales and South Vancouver with 21 sales.

The condo market featured 196 sales, 200 active listing, and a benchmark sales price was $400,500. The average days on market were 17 days, and the hottest market for sales was Mount Pleasant VE with 50 sales.

The townhome market, on the other hand, had 29 sales and 25 active listings. The benchmark sale price was $720,300 with 11 average days on market. Fraser VE and Victoria VE, 5 sales each, had the most sales in April.

MarketHotSheet_April2016_VanEast

North Shore

In April, the North Vancouver market had 160 sales and 178 active listings for detached homes. The benchmark sale price was $1,487,600 with an average days on market of 17. Canyon Heights NV and Upper Lonsdale, 20 sales each, had the most sales activity.

There were 142 sales and 153 active listings for condos. The benchmark sale price was $417,900 with 15 average days on market. The neighbourhood of Lower Lonsdale with 47 sales was the hottest sales market.

Townhome sales were 46, active listings were 45, the benchmark sale price was $753,300, and the average days on market were 14. Central Lonsdale and Lynnmour, with 8 sales each, had the most sales activity.

MarketHotSheet_April2016_NorthVan

The West Vancouver market had 113 sales and 372 active listings for detached homes. The benchmark sale price was $2,928,200 with 30 average days on market. British Properties with 15 sales was the neighbourhoods with the most sales activity.

Condo sales were 22 and active listings were 82 at the end of the month. The benchmark sales price was $854,100 with an average days on market of 65. Ambleside had the most sales in April at 11.

In comparison, townhome market had 4 sales and 8 active listings; the average days on market were 71.

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

 

MarketHotSheet_April2016_WestVan

Tri Cities

In the Coquitlam market, there were 180 sales and 311 active listings for detached homes at the end of April. The benchmark sale price was $1,085,300, and the average days on market were 15. Central Coquitlam, 35 sales, experienced the most sales activity.

The condo market had 167 sales and 177 active listings. The benchmark sale price was $316,300 with 16 average days on market. The hottest market for sales was Coquitlam West, 56 sales.

Townhome featured 51 sales and 62 active listings. The benchmark sales price was $510,400 with an average days on market of 12. Westwood Plateau, 17 sales, was the neighbourhood with the most sales activity.

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

MarketHotSheet_April2016_Coquitlam

The Port Coquitlam had 86 sales and 96 active listings for detached homes. The benchmark sale price was $846,100 with an average days on market of 12. Glenwood PQ with 19 sales experienced the most sales activity of the month.

Condo featured 72 sales, 81 active listings, a $276,000 benchmark sales price, and 24 average days on market. Central Pt Coquitlam had the most sales activity at 56.

In comparison, townhome had 43 sales and 34 active listings. The benchmark sales price was $489,400 with an average days on market of 13. Riverwood was the hottest market with 12 sales.

MarketHotSheet_April2016_PortCoquitlam

There were 46 sales and 65 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,255,700, and the average days on market were 22. Anmore had the most sales activity of 12.

The condo market featured 46 sales, 54 active listings, $433,200 benchmark sale price, and 15 average days on market. Port Moody Centre, 32 sales, had most sales activity.

In comparison, townhome sales were 30, active listings were 25 and the benchmark sale price was $533,800. The average days on market were 10, and Port Moody Centre with 11 sales was the hottest market for sales.

MarketHotSheet_April2016_PortMoody

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_April2016_BurnabyEast

Burnaby North

MarketHotSheet_April2016_BurnabyNorth

Burnaby South

MarketHotSheet_April2016_BurnabySouth

New Westminster

MarketHotSheet_April2016_NewWest

Richmond

MarketHotSheet_April2016_Richmond

Maple Ridge

MarketHotSheet_April2016_MapleRidge

Ladner

MarketHotSheet_April2016_Ladner

Tsawwassen

MarketHotSheet_April2016_Tsawwassen

Pitt Meadows

MarketHotSheet_April2016_PittMeadows

Bowen Island

MarketHotSheet_April2016_BowenIsland

Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver

Macdonald Realty has offices across the Greater Vancouver.  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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MLS® Home Price Index (HPI) Benchmark Price

Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org