Greater Vancouver Real Estate Market Statistics – February 2019

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in February 2019.

Vancouver-West

In the Vancouver Westside, there were 44 sales of detached homes and 759 active listings at the end of the month. The benchmark sale price was $3,029,200 with average days on market of 36. The hottest markets for sales was Kitsilano with 10 sales.

In comparison, the condo market had 186 sales, 1,355 active listings and a benchmark sale price of $784,300 with an average of 36 days on market. The hottest market for sales was Downtown VW, 37 sales.

Townhome sales were 21, active listings were 205. The benchmark sale price was $1,208,500 with an average days on market of 25. Kitsilano with 9 sales was the hottest market of the month.

It’s a buyer’s market in Vancouver West.  
MarketHotSheet_February_2019_VancouverWest

Vancouver-East

The Vancouver Eastside had 54 sales and 632 active listings for detached homes at the end of the month. The benchmark sales price was $1,412,900, and the average days on market were 45. The hottest sales market was Collingwood VE with 10 sales.

The condo market featured 81 sales, 346 active listings, and a benchmark sales price was $545,200. The average days on market were 33 days, and the hottest market for sales was Mount Pleasant VE with 25 sales.

The townhome market, on the other hand, had 18 sales and 85 active listings. The benchmark sale price was $823,800 with 32 average days on market. The hottest market for sales was Grandview VE with 5 sales.

It’s a buyer’s market for homes.

MarketHotSheet_February_2019_VancouverEast

 

North Vancouver

In February, the North Vancouver market had 37 sales and 382 active listings for detached homes. The benchmark sale price was $1,492,400 with an average days on market of 47. Canyon Heights NV and Westlynn had the most sales activity with 4 sales each.

There were 59 sales and 317 active listings for condos. The benchmark sale price was $561,500 with 27 average days on market. Lower Lonsdale had the hottest sales market with 26 sales.

Townhome sales were 24, active listings were 105, the benchmark sale price was $956,500 and the average days on market were 18. Hamilton, Indian River, Lynn Valley and Roche Point had the most sales activity with 3 sales each.

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

MarketHotSheet_February_2019_NorthVancouver

West Vancouver

The West Vancouver market had 25 sales and 497 active listings for detached homes. The benchmark sale price was $2,616,500 with 78 average days on market. British Properties, Caulfield and Lions Bay had the most sales activity with 3 sales each.

Condo sales were 11 and active listings were 103 at the end of the month. The benchmark sales price was $1,103,800 with an average days on market of 50. Ambleside had the most sales at 4.

In comparison, townhome market had 1 sale and 25 active listings.

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

 MarketHotSheet_February_2019_WestVancouver

Coquitlam

In the Coquitlam market, there were 39 sales and 448 active listings for detached homes at the end of the month. The benchmark sale price was $1,182,800 and the average days on market were 40. Central Coquitlam with 12 sales experienced the most sales activity.

The condo market had 65 sales and 272 active listings. The benchmark sale price was $523,300 with 43 average days on market. The hottest market for sale was North Coquitlam with 21 sales.

Townhomes featured 28 sales and 95 active listings. The benchmark sales price was $656,200 with an average days on market of 27. Burke Mountain, with 17 sales, had the most sales activity.

 MarketHotSheet_February_2019_Coquitlam

Port Coquitlam

Port Coquitlam had 17 sales and 138 active listings for detached homes. The benchmark sale price was $928,200 with an average days on market of 43. Birchland Manor, Lincoln Park PQ, Lower Mary Hill, and Mary Hill had the most sales activity with 3 each.

Condo featured 21 sales, 90 active listings, a $469,400 benchmark sales price, and 28 average days on market. Central Pt Coquitlam had the most sales activity at 14.

In comparison, townhome had 15 sales and 78 active listings. The benchmark sales price was $621,300 with an average days on market of 47. Glenwood PQ was the hottest market with 4 sales.

It’s a buyer’s market for homes.

 MarketHotSheet_February_2019_PortCoquitlam

Port Moody

There were 10 sales and 98 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,404,100 and the average days on market were 55. Heritage Mountain had the most sales activity for the month with 4 sales.

The condo market featured 16 sales, 64 active listings, $622,500 benchmark sale price, and 43 average days on market. Port Moody Centre, 10 sales, had most sales activity.

In comparison, townhome sales were 5, active listings were 31 and the benchmark sale price was $637,100. The average days on market were 17. Heritage Mountain and North Shore Pt Moody had the most sales activity with 2 sales each.

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

MarketHotSheet_February_2019_PortMoody

 

Maple Ridge

In the Maple Ridge market, there were 51 sales and 379 active listings for detached homes at the end of the month. The benchmark sale price was $807,000 and the average days on market were 48. East Central experienced the most sales activity with 10 sales.

The condo market had 17 sales and 100 active listings. The benchmark sale price was $353,600 with 46 average days on market. The hottest market for sales was East Central, 11 sales.­­

Townhome featured 30 sales and 110 active listings. The benchmark sales price was $525,200 with an average days on market of 58. Albion, Cottonwood MR and East Central experienced the most sales activity with 8 sales each.

It’s a seller’s market for townhomes.

MarketHotSheet_February_2019_MapleRidge

 

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_February_2019_BurnabyEast

Burnaby North

MarketHotSheet_February_2019_BurnabyNorth

Burnaby South

MarketHotSheet_February_2019_BurnabySouth

New Westminster

MarketHotSheet_February_2019_NewWestminster

Richmond

MarketHotSheet_February_2019_Richmond

Ladner

MarketHotSheet_February_2019_Ladner

Tsawwassen

MarketHotSheet_February_2019_Tsawwassen

Pitt Meadows

MarketHotSheet_February_2019_PittMeadows

Bowen Island

MarketHotSheet_February_2019_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