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

The Vancouver Eastside had 80 sales and 634 active listings for detached homes at the end of the month. The benchmark sales price was $1,533,600, and the average days on market were 25. The hottest sales market was Grandview with 10 sales.

The condo market featured 192 sales, 115 active listing, and a benchmark sales price was $439,800. The average days on market were 14 days, and the hottest market for sales was Mount Pleasant VE with 33 sales.

The townhome market, on the other hand, had 18 sales and 49 active listings. The benchmark sale price was $785,900 with 22 average days on market. Mount Pleasant VE, 6 sales, had the most sales in August.

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

MarketHotSheet_August2016_VanEast

North Shore

In August, the North Vancouver market had 65 sales and 231 active listings for detached homes. The benchmark sale price was $1,689,900 with an average days on market of 28. Lynn Valley, 11 sales, had the most sales activity.

There were 77 sales and 166 active listings for condos. The benchmark sale price was $467,100 with 15 average days on market. The neighbourhood of Lower Lonsdale with 25 sales was the hottest sales market.

Townhome sales were 19, active listings were 43, the benchmark sale price was $900,400, and the average days on market were 18. Lower Lonsdale and Lynnmour, 4 sales each, had the most sales activity.

It’s a Seller’s Market in North Vancouver.

MarketHotSheet_August2016_NorthVan

The West Vancouver market had 33 sales and 424 active listings for detached homes. The benchmark sale price was $3,359,400 with 41 average days on market. Ambleside with 4 sales was the neighbourhood with the most sales activity.

Condo sales were 18 and active listings were 52 at the end of the month. The benchmark sales price was $906,700 with an average days on market of 33. Dundarave had the most sales in August at 8.

In comparison, townhome market had 3 sales and 11 active listings; the average days on market were 4.

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

MarketHotSheet_August2016_WestVan

Tri Cities

In the Coquitlam market, there were 58 sales and 364 active listings for detached homes at the end of August. The benchmark sale price was $1,228,600, and the average days on market were 27. Central Coquitlam, 10 sales, experienced the most sales activity.

The condo market had 105 sales and 174 active listings. The benchmark sale price was $346,700 with 19 average days on market. The hottest market for sales was North Coquitlam, 44 sales.

Townhome featured 32 sales and 54 active listings. The benchmark sales price was $516,600 with an average days on market of 18. Burke Mountain with 9 sales had the most sales activity in August.

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

MarketHotSheet_August2016_Coquitlam

The Port Coquitlam had 22 sales and 139 active listings for detached homes. The benchmark sale price was $907,300 with an average days on market of 16. Glenwood PQ with 6 sales experienced the most sales activity of the month.

Condo featured 53 sales, 64 active listings, a $310,700 benchmark sales price, and 14 average days on market. Central Pt Coquitlam had the most sales activity at 42.

In comparison, townhome had 15 sales and 49 active listings. The benchmark sales price was $550,100 with an average days on market of 11. Riverwood was the hottest market with 8 sales.

It’s a buyer’s market for detached houses.

MarketHotSheet_August2016_PortCoquitlam

There were 12 sales and 83 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,394,400, and the average days on market were 14. College Park had the most sales activity of 4.

The condo market featured 36 sales, 42 active listings, $474,700 benchmark sale price, and 13 average days on market. Port Moody Centre, 25 sales, had most sales activity.

In comparison, townhome sales were 15, active listings were 20 and the benchmark sale price was $538,200. The average days on market were 14, and North Shore Pt Moody with 5 sales was the hottest market for sales.

It’s a buyer’s market for detached homes.

MarketHotSheet_August2016_PortMoody

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_August2016_BurnabyEast

Burnaby North

MarketHotSheet_August2016_BurnabyNorth

Burnaby South

MarketHotSheet_August2016_BurnabySouth

New Westminster

MarketHotSheet_August2016_NewWest

Richmond

MarketHotSheet_August2016_Richmond

Maple Ridge

MarketHotSheet_August2016_MapleRidge

Ladner

MarketHotSheet_August2016_Ladner

Tsawwassen

MarketHotSheet_August2016_Tsawwassen

Pitt Meadows

MarketHotSheet_August2016_PittMeadows

Bowen Island

MarketHotSheet_August2016_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