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

The Vancouver Eastside had 64 sales and 545 active listings for detached homes at the end of the month. The benchmark sales price was $1,456,700, and the average days on market were 52. The hottest sales market was Killarney VE with 11 sales.

The condo market featured 95 sales, 129 active listing, and a benchmark sales price was $435,500. The average days on market were 26 days, and the hottest market for sales was Mount Pleasant VE with 35 sales.

The townhome market, on the other hand, had 20 sales and 35 active listings. The benchmark sale price was $731,000 with 34 average days on market. Champlain Heights, 6 sales, had the most sales in December.

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

East Vancouver real estate market statistics

 

North Shore

In December, the North Vancouver market had 48 sales and 179 active listings for detached homes. The benchmark sale price was $1,578,000 with an average days on market of 41. Lynn Valley with 9 sales had the most sales activity.

There were 73 sales and 89 active listings for condos. The benchmark sale price was $452,600 with 25 average days on market. The neighbourhood of Lower Lonsdale with 34 sales was the hottest sales market.

Townhome sales were 15, active listings were 26, the benchmark sale price was $831,400, and the average days on market were 25. Lower Lonsdale and Hamilton, 3 sales each, had the most sales activity.

It’s a seller’s market for all product types in North Vancouver.

North Vancouver real estate market stats

The West Vancouver market had 31 sales and 278 active listings for detached homes. The benchmark sale price was $2,948,200 with 48 average days on market. Ambleside with 7 sales was the neighbourhood with the most sales activity.

Condo sales were 11 and active listings were 48 at the end of the month. The benchmark sales price was $912,700 with an average days on market of 38. Ambleside had the most sales in November at 7.

In comparison, townhome market had 2 sales and 8 active listings; the average days on market were 48.

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

West Vancouver real estate market stats

 

Tri Cities

In the Coquitlam market, there were 47 sales and 229 active listings for detached homes at the end of December. The benchmark sale price was $1,125,400, and the average days on market were 47.  Coquitlam West with 8 sales experienced the most sales activity.

The condo market had 62 sales and 105 active listings. The benchmark sale price was $346,900 with 32 average days on market. The hottest market for sales was North Coquitlam, 30 sales.

Townhome featured 16 sales and 45 active listings. The benchmark sales price was $504,100 with an average days on market of 33. Burke Mountain with 5 sales had the most sales activity in December.

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

Coquitlam real estate market stats

The Port Coquitlam had 23 sales and 88 active listings for detached homes. The benchmark sale price was $848,400 with an average days on market of 33. Lincoln Park PQ, with 8 sales, experienced the most sales activity of the month.

Condo featured 26 sales, 36 active listings, a $303,500 benchmark sales price, and 23 average days on market. Central Pt Coquitlam had the most sales activity at 18.

In comparison, townhome had 9 sales and 23 active listings. The benchmark sales price was $527,900 with an average days on market of 36. Riverwood was the hottest market with 5 sales.

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

Port Coquitlam real estate market stats

There were 10 sales and 55 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,354,800, and the average days on market were 47. College Park PM had the most sales activity of 3.

The condo market featured 22 sales, 26 active listings, $488,400 benchmark sale price, and 27 average days on market. Port Moody Centre, 16 sales, had most sales activity.

In comparison, townhome sales were 8, active listings were 20 and the benchmark sale price was $510,100. The average days on market were 12, and Port Moody Centre with 5 sales was the hottest market for sales.

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

Port Moody real estate market stats

 

Maple Ridge

In the Maple Ridge market, there were 65 sales and 245 active listings for detached homes at the end of the month. The benchmark sale price was $708,000, and the average days on market were 41. East Central with 17 sales experienced the most sales activity.

The condo market had 23 sales and 57 active listings. The benchmark sale price was $208,300 with 36 average days on market. The hottest market for sales was West Central, 13 sales.

Townhome featured 26 sales and 44 active listings. The benchmark sales price was $391,000 with an average days on market of 49. East Central with 10 sales had the most sales activity in December.

It’s a seller’s market in Maple Ridge for all product types.

Maple Ridge real estate market stats

 

The followings are the summaries of the surrounding areas across Metro Vancouver:

Burnaby East

East Burnaby real estate market stats

Burnaby North

North Burnaby real estate market stats

Burnaby South

South Burnaby real estate market stats

New Westminster

New Westminster real estate market stats

Richmond

Richmond real estate market stats

Ladner

Ladner real estate market stats

Tsawwassen

Tsawwassen real estate market stats

Pitt Meadows

Pitt Meadows real estate market stats

Bowen Island

Bowen Island real estate market stats

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