Greater Vancouver Real Estate Market Statistics – December 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in December 2018.

Vancouver-West

In the Vancouver Westside, there were 34 sales of detached homes and 611 active listings at the end of the month. The benchmark sale price was $3,135,400 with average days on market of 43. The hottest markets for sales was Dunbar with 8 sales.

In comparison, the condo market had 139 sales, 1,015 active listings and a benchmark sale price of $783,700 with an average of 47 days on market. The hottest market for sales was Downtown VW, 34 sales.

Townhome sales were 16, active listings were 137. The benchmark sale price was $1,236,500 with an average days on market of 36. Kitsilano with 6 sales was the hottest market of the month.

It’s a buyer’s market in Vancouver West.

MarketHotSheet_December_2018_VancouverWest

Vancouver-East

The Vancouver Eastside had 43 sales and 559 active listings for detached homes at the end of the month. The benchmark sales price was $1,447,300, and the average days on market were 50. The hottest sales market was Grandview VE with 7 sales.

The condo market featured 53 sales, 271 active listings, and a benchmark sales price was $538,000. The average days on market were 25 days, and the hottest market for sales was Mount Pleasant VE with 23 sales.

The townhome market, on the other hand, had 15 sales and 68 active listings. The benchmark sale price was $850,000 with 36 average days on market. The hottest market for sales was Main and Collingwood VE with 3 sales each.

It’s a buyer’s market for homes.

MarketHotSheet_December_2018_VancouverEast

North Vancouver

In December, the North Vancouver market had 41 sales and 284 active listings for detached homes. The benchmark sale price was $1,542,200 with an average days on market of 59. Edgemont with 8 sales had the most sales activity.

There were 35 sales and 203 active listings for condos. The benchmark sale price was $567,300 with 36 average days on market. Lower Lonsdale had the hottest sales market with 10 sales.

Townhome sales were 20, active listings were 78, the benchmark sale price was $994,300 and the average days on market were 41. Central Lonsdale had the most activity with 5 sales.

It’s a seller’s market for townhomes.

MarketHotSheet_December_2018_NorthVancouver

West Vancouver

The West Vancouver market had 15 sales and 411 active listings for detached homes. The benchmark sale price was $2,674,700 with 68 average days on market. British Properties had the most sales at 5.­

Condo sales were 10 and active listings were 79 at the end of the month. The benchmark sales price was $1,140,900 with an average days on market of 40. Dundarave had the most sales at 6.

In comparison, townhome market had 2 sales and 21 active listings.

It’s a buyer’s market in West Vancouver.

MarketHotSheet_December_2018_WestVancouver

Coquitlam

In the Coquitlam market, there were 28 sales and 364 active listings for detached homes at the end of the month. The benchmark sale price was $1,214,300 and the average days on market were 43. Central Coquitlam with 10 sales experienced the most sales activity.

The condo market had 43 sales and 242 active listings. The benchmark sale price was $519,000 with 46 average days on market. The hottest market for sale was Coquitlam West with 14 sales.

Townhomes featured 16 sales and 76 active listings. The benchmark sales price was $667,900 with an average days on market of 47. Burke Mountain, with 6 sales, had the most sales activity.

It’s a buyer’s market for homes.

MarketHotSheet_December_2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 18 sales and 117 active listings for detached homes. The benchmark sale price was $947,000 with an average days on market of 48. Citadel PQ with 5 sales experienced the most sales activities of the month.

Condo featured 18 sales, 60 active listings, a $451,200 benchmark sales price, and 32 average days on market. Central Pt Coquitlam had the most sales activity at 11.

In comparison, townhome had 13 sales and 67 active listings. The benchmark sales price was $633,700 with an average days on market of 52. Riverwood was the hottest markets with 5 sales.

It’s a seller’s market for condos.

MarketHotSheet_December_2018_PortCoquitlam

Port Moody

There were 6 sales and 79 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,485,300 and the average days on market were 50. Anmore had the most sales activity for the month with 2 sales.

The condo market featured 13 sales, 53 active listings, $627,300 benchmark sale price, and 33 average days on market. Port Moody Centre, 11 sales, had most sales activity.

In comparison, townhome sales were 10, active listings were 18 and the benchmark sale price was $661,000. The average days on market were 47. Port Moody Centre had the most sales activity with 4 sales.

It’s a seller’s market for townhomes.

MarketHotSheet_December_2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 46 sales and 329 active listings for detached homes at the end of the month. The benchmark sale price was $824,200 and the average days on market were 67. East Central experienced the most sales activity with 9 sales.

The condo market had 18 sales and 84 active listings. The benchmark sale price was $360,800 with 49 average days on market. The hottest market for sales was West Central, 9 sales.­­

Townhome featured 8 sales and 101 active listings. The benchmark sales price was $552,300 with an average days on market of 38. Albion and Cottonwood MR had the most sales activity with 2 sales each.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_December_2018_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby EastMarketHotSheet_December_2018_BurnabyEast

Burnaby North

MarketHotSheet_December_2018_BurnabyNorth

Burnaby South

MarketHotSheet_December_2018_BurnabySouth

New Westminster

MarketHotSheet_December_2018_NewWestminster

Richmond

MarketHotSheet_December_2018_Richmond

Ladner

MarketHotSheet_December_2018_Ladner

Tsawwassen

MarketHotSheet_December_2018_Tsawwassen

Pitt Meadows

MarketHotSheet_December_2018_PittMeadows

Bowen Island

MarketHotSheet_December_2018_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.

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