Greater Vancouver Real Estate Market Statistics – February 2017

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

Vancouver

In the Vancouver Westside, there were 93 sales of detached homes and 602 active listings at the end of February. The benchmark sale price was $3,422,700, with an average days on market of 35. The hottest market for sales was Dunbar with 18 sales.

In comparison, the condo market had 368 sales, 686 active listings and a benchmark sale price of $688,400 with an average of 21 days on market. The hottest market for sales was Downtown VW, 85 sales.

Townhome sales were 32, active listings were 108. The benchmark sale price was $1,069,800 with an average days on market of 24. Kitsilano with 8 sales was the hottest market in February.

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

MarketHotSheet_February2017_VanWest

The Vancouver Eastside had 83 sales and 666 active listings for detached homes at the end of the month. The benchmark sales price was $1,425,600, and the average days on market were 40. The hottest sales market was Renfrew VE with 18 sales.

The condo market featured 122 sales, 200 active listing, and a benchmark sales price was $446,200. 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 19 sales and 53 active listings. The benchmark sale price was $741,000 with 24 average days on market. Champlain Heights, 5 sales, had the most sales in February.

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

MarketHotSheet_February2017_VanEast

North Shore

In February, the North Vancouver market had 88 sales and 258 active listings for detached homes. The benchmark sale price was $1,556,600 with an average days on market of 27. Upper Lonsdale with 13 sales had the most sales activity.

There were 96 sales and 130 active listings for condos. The benchmark sale price was $463,200 with 14 average days on market. The neighbourhood of Lower Lonsdale with 40 sales was the hottest sales market.

Townhome sales were 28, active listings were 30, the benchmark sale price was $854,000, and the average days on market were 19. Central Lonsdale and Hamilton, 4 sales each, had the most sales activity.

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

MarketHotSheet_February2017_NorthVan

The West Vancouver market had 35 sales and 390 active listings for detached homes. The benchmark sale price was $2,936,500 with 51 average days on market. Caulfeild and Dundarave, with 6 sales each, were the neighbourhoods with the most sales activities.

Condo sales were 16 and active listings were 45 at the end of the month. The benchmark sales price was $936,000 with an average days on market of 41. Ambleside had the most sales in February at 6.

In comparison, townhome market had 3 sales and 13 active listings; the average days on market were 12.

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

MarketHotSheet_February2017_WestVan

Tri Cities

In the Coquitlam market, there were 66 sales and 266 active listings for detached homes at the end of February. The benchmark sale price was $1,120,800, and the average days on market were 41. Burke Mountain and Central Coquitlam, with 13 sales each, experienced the most sales activities.

The condo market had 99 sales and 132 active listings. The benchmark sale price was $359,100 with 24 average days on market. The hottest market for sales was North Coquitlam, 43 sales.

Townhome featured 26 sales and 45 active listings. The benchmark sales price was $527,200 with an average days on market of 37. Burke Mountain and Westwood Plateau, with 9 sales each, had the most sales activities in February.

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

MarketHotSheet_February2017_Coquitlam

The Port Coquitlam had 27 sales and 98 active listings for detached homes. The benchmark sale price was $860,000 with an average days on market of 22. Glenwood PQ with 7 sales experienced the most sales activity of the month.

Condo featured 37 sales, 57 active listings, a $319,400 benchmark sales price, and 11 average days on market. Central Pt Coquitlam had the most sales activity at 30.

In comparison, townhome had 14 sales and 32 active listings. The benchmark sales price was $535,100 with an average days on market of 17. Central Pt Coquitlam was the hottest market with 4 sales.

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

MarketHotSheet_February2017_PortCoquitlam

There were 12 sales and 62 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,342,900, and the average days on market were 50. Heritage Mountain and Heritage Woods PM, 3 sales each, had the most sales activities.

The condo market featured 31 sales, 40 active listings, $498,400 benchmark sale price, and 13 average days on market. Port Moody Centre, 27 sales, had most sales activity.

In comparison, townhome sales were 6, active listings were 16 and the benchmark sale price was $516,300. The average days on market were 6. College Park PM and Heritage Woods PM, with 2 sales each, were the hottest markets for sales.

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

MarketHotSheet_February2017_PortMoody

Maple Ridge

In the Maple Ridge market, there were 73 sales and 275 active listings for detached homes at the end of the month. The benchmark sale price was $710,400, and the average days on market were 37. Albion with 16 sales experienced the most sales activity.

The condo market had 31 sales and 78 active listings. The benchmark sale price was $209,100 with 27 average days on market. The hottest market for sales was West Central, 20 sales.

Townhome featured 43 sales and 80 active listings. The benchmark sales price was $395,600 with an average days on market of 32. Cottonwood MR with 15 sales had the most sales activity in February.

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

MarketHotSheet_February2017_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_February2017_BurnabyEast

Burnaby North

MarketHotSheet_February2017_BurnabyNorth

Burnaby South

MarketHotSheet_February2017_BurnabySouth

New Westminster

MarketHotSheet_February2017_NewWest

Richmond

MarketHotSheet_February2017_Richmond

Ladner

MarketHotSheet_February2017_Ladner

Tsawwassen

MarketHotSheet_February2017_Tsawwassen

Pitt Meadows

MarketHotSheet_February2017_PittMeadows

Bowen Island

MarketHotSheet_February2017_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