Greater Vancouver Real Estate Market Statistics – February 2018

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

Vancouver – Westside

In the Vancouver Westside, there were 53 sales of detached homes and 772 active listings at the end of the month. The benchmark sale price was $3,500,600, with an average days on market of 52. The hottest market for sales was Dunbar with 8 sales.

In comparison, the condo market had 331 sales, 665 active listings and a benchmark sale price of $835,800 with an average of 21 days on market. The hottest market for sales was Downtown VW, 84 sales.

Townhome sales were 34, active listings were 129. The benchmark sale price was $1,250,100 with an average days on market of 21. Fairview and Kitsilano with 7 sales each were the hottest markets of the month.

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

MarketHotSheet_February2018_Vancouver-West

Vancouver – Eastside

The Vancouver Eastside had 77 sales and 661 active listings for detached homes at the end of the month. The benchmark sales price was $1,560,400, and the average days on market were 45. The hottest sales markets were Renfrew Heights and Renfrew VE with 11 sales each.

The condo market featured 127 sales, 184 active listing, and a benchmark sales price was $565,300. The average days on market were 16 days, and the hottest market for sales was Mount Pleasant with 38 sales.

The townhome market, on the other hand, had 26 sales and 71 active listings. The benchmark sale price was $868,900 with 22 average days on market. Mount Pleasant VE, with 7 sales, had the most sales of the month.

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

MarketHotSheet_February2018_Vancouver-East

North Shore

In February, the North Vancouver market had 58 sales and 324 active listings for detached homes. The benchmark sale price was $1,686,800 with an average days on market of 37. Upper Lonsdale and Lynn Valley with 6 sales each had the most sales activityThere were 88 sales and 141 active listings for condos. The benchmark sale price was $580,700 with 32 average days on market. The neighborhoods of Lower Lonsdale with 36 sales was the hottest sales market.

Townhome sales were 18, active listings were 46, the benchmark sale price was $998,400, and the average days on market were 45. Lower Lonsdale with 4 sales had the most sales activity.

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

MarketHotSheet_February2018_North-Vancouver

West Vancouver

The West Vancouver market had 24 sales and 494 active listings for detached homes. The benchmark sale price was $3,141,900 with 33 average days on market. Ambleside, Caulfeild, Cedardale and Chartwell with 3 sales each, were the neighbourhoods with the most sales activities.

Condo sales were 12 and active listings were 62 at the end of the month. The benchmark sales price was $1,237,100 with an average days on market of 31. Dundarave and Panorama Village had the most sales at 5 each.

In comparison, townhome market had 2 sales and 22 active listings.

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

MarketHotSheet_February2018_West-Vancouver

Tri Cities:

Coquitlam

In the Coquitlam market, there were 61 sales and 353 active listings for detached homes at the end of the month. The benchmark sale price was $1,277,900, and the average days on market were 29. Central Coquitlam with 15 sales experienced the most sales activity.

The condo market had 87 sales and 100 active listings. The benchmark sale price was $525,300 with 14 average days on market. The hottest market for sales was North Coquitlam, 35 sales.

Townhome featured 25 sales and 34 active listings. The benchmark sales price was $680,600 with an average days on market of 13. Burke Mountain, with 8 sales, had the most sales activity.

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

MarketHotSheet_February2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 27 sales and 98 active listings for detached homes. The benchmark sale price was $986,400 with an average days on market of 19. Glenwood PQ and Citadel PQ with 6 sales each, experienced the most sales activities of the month.

Condo featured 40 sales, 36 active listings, a $468,000 benchmark sales price, and 13 average days on market. Central Pt Coquitlam had the most sales activity at 30.

In comparison, townhome had 16 sales and 33 active listings. The benchmark sales price was $656,100 with an average days on market of 18. Riverwood was the hottest market with 7 sales.

It’s a seller’s market in Port Coquitlam.

MarketHotSheet_February2018_Port-Coquitlam

Port Moody

There were 8 sales and 80 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,483,700, and the average days on market were 48. College Park PM, with 3 sales, had the most sales activity.

The condo market featured 22 sales, 30 active listings, $668,300 benchmark sale price, and 23 average days on market. Port Moody Centre, 17 sales, had most sales activity.

In comparison, townhome sales were 12, active listings were 20 and the benchmark sale price was $644,800. The average days on market were 10. College Park PM, North Shore Pt Moody and Port Moody Centre, with 3 sales each, were the hottest markets for sales.

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

MarketHotSheet_February2018_Port-Moody

Maple Ridge

In the Maple Ridge market, there were 82 sales and 266 active listings for detached homes at the end of the month. The benchmark sale price was $847,700, and the average days on market were 35. East Central with 14 sales experienced the most sales activity.

The condo market had 44 sales and 41 active listings. The benchmark sale price was $307,800 with 16 average days on market. The hottest market for sales was East Central, 31 sales.

Townhome featured 31 sales and 70 active listings. The benchmark sales price was $551,400 with an average days on market of 22. Cottonwood MR with 9 sales had the most sales activity.

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

MarketHotSheet_February2018_Maple-Ridge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_February2018_Burnaby-East

Burnaby North

MarketHotSheet_February2018_Burnaby-North

Burnaby South

MarketHotSheet_February2018_Burnaby-South

New Westminster

MarketHotSheet_February2018_New-Westminster

Richmond

MarketHotSheet_February2018_Richmond

Ladner

MarketHotSheet_February2018_Ladner

Tsawwassen

MarketHotSheet_February2018_Tsawwassen

Pitt Meadows

MarketHotSheet_February2018_Pitt-Meadows

Bowen Island

MarketHotSheet_February2018_Bowen-Island

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