Greater Vancouver Real Estate Market Statistics – January 2017

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

Vancouver

In the Vancouver Westside, there were 37 sales of detached homes and 595 active listings at the end of January. The benchmark sale price was $3,419,800, with an average days on market of 51. The hottest market for sales was Point Grey with 9 sales.

In comparison, the condo market had 213 sales, 691 active listings and a benchmark sale price of $662,400 with an average of 33 days on market. The hottest market for sales was Downtown VW, 54 sales.

Townhome sales were 19, active listings were 87. The benchmark sale price was $1,066,700 with an average days on market of 28. Kitsilano with 5 sales was the hottest market in January.

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

MarketHotSheet_January2017_VanWest

The Vancouver Eastside had 52 sales and 623 active listings for detached homes at the end of the month. The benchmark sales price was $1,440,500, and the average days on market were 55. The hottest sales market was South Vancouver with 7 sales.

The condo market featured 76 sales, 182 active listing, and a benchmark sales price was $438,800. The average days on market were 23 days, and the hottest market for sales was Mount Pleasant VE with 30 sales.

The townhome market, on the other hand, had 8 sales and 35 active listings. The benchmark sale price was $739,200 with 42 average days on market. Champlain Heights, 5 sales, had the most sales in January.

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

MarketHotSheet_January2017_VanEast

North Shore

In January, the North Vancouver market had 35 sales and 243 active listings for detached homes. The benchmark sale price was $1,564,200 with an average days on market of 39. Upper Lonsdale with 6 sales had the most sales activity.

There were 60 sales and 130 active listings for condos. The benchmark sale price was $455,300 with 26 average days on market. The neighbourhood of Lower Lonsdale with 26 sales was the hottest sales market.

Townhome sales were 11, active listings were 36, the benchmark sale price was $831,000, and the average days on market were 45. Indian River, Lower Lonsdale and Upper Lonsdale, 2 sales each, had the most sales activity.

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

MarketHotSheet_January2017_NorthVan

The West Vancouver market had 21 sales and 368 active listings for detached homes. The benchmark sale price was $2,907,100 with 68 average days on market. Lions Bay with 6 sales was the neighbourhood with the most sales activity.

Condo sales were 13 and active listings were 46 at the end of the month. The benchmark sales price was $915,800 with an average days on market of 38. Ambleside had the most sales in January at 4.

In comparison, townhome market had 2 sales and 10 active listings; the average days on market were 11.

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

MarketHotSheet_January2017_WestVan

Tri Cities

In the Coquitlam market, there were 35 sales and 259 active listings for detached homes at the end of January. The benchmark sale price was $1,107,700, and the average days on market were 36. Central Coquitlam with 9 sales experienced the most sales activity.

The condo market had 60 sales and 140 active listings. The benchmark sale price was $348,200 with 26 average days on market. The hottest market for sales was North Coquitlam, 22 sales.

Townhome featured 15 sales and 46 active listings. The benchmark sales price was $504,600 with an average days on market of 31. Westwood Plateau with 5 sales had the most sales activity in January.

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

MarketHotSheet_January2017_Coquitlam

The Port Coquitlam had 14 sales and 101 active listings for detached homes. The benchmark sale price was $833,000 with an average days on market of 31. Citadel PQ, with 4 sales, experienced the most sales activity of the month.

Condo featured 31 sales, 46 active listings, a $307,400 benchmark sales price, and 26 average days on market. Central Pt Coquitlam had the most sales activity at 25.

In comparison, townhome had 14 sales and 22 active listings. The benchmark sales price was $529,500 with an average days on market of 31. Riverwood was the hottest market with 5 sales.

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

MarketHotSheet_January2017_PortCoquitlam

There were 9 sales and 57 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,344,000, and the average days on market were 31. Anmore, Glenayre and North Shore Pt Moody, 2 sales each, had the most sales activities.

The condo market featured 22 sales, 33 active listings, $493,400 benchmark sale price, and 32 average days on market. Port Moody Centre, 14 sales, had most sales activity.

In comparison, townhome sales were 13, active listings were 12 and the benchmark sale price was $512,200. The average days on market were 29, and North Shore Pt Moody with 5 sales was the hottest market for sales.

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

MarketHotSheet_January2017_PortMoody

Maple Ridge

In the Maple Ridge market, there were 52 sales and 276 active listings for detached homes at the end of the month. The benchmark sale price was $711,800, and the average days on market were 42. East Central with 12 sales experienced the most sales activity.

The condo market had 27 sales and 62 active listings. The benchmark sale price was $207,300 with 42 average days on market. The hottest market for sales was West Central, 16 sales.

Townhome featured 20 sales and 69 active listings. The benchmark sales price was $396,200 with an average days on market of 64. Cottonwood MR with 8 sales had the most sales activity in January.

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

MarketHotSheet_January2017_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_January2017_BurnabyEast

Burnaby North

MarketHotSheet_January2017_BurnabyNorth

Burnaby South

MarketHotSheet_January2017_BurnabySouth

New Westminster

MarketHotSheet_January2017_NewWest

Richmond

MarketHotSheet_January2017_Richmond

Ladner

MarketHotSheet_January2017_Ladner

Tsawwassen

MarketHotSheet_January2017_Tsawwassen

Pitt Meadows

MarketHotSheet_January2017_PittMeadows

Bowen Island

MarketHotSheet_January2017_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