Greater Vancouver Real Estate Market Statistics – July 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in July 2016.

Vancouver

In the Vancouver Westside, there were 110 sales of detached homes and 651 active listings at the end of July. The benchmark sale price was $3,591,200, with an average days on market of 27. The hottest market for sales was Dunbar with 19 sales.

In comparison, the condo market had 435 sales, 848 active listings and a benchmark sale price of $698,000 with 18 average days on market. The hottest market for sales was Downtown VW, 105 sales.

Townhome sales were 48, active listings were 87. The benchmark sale price was $1,088,400 with an average days on market of 12. Kitsilano, 12 sales, was the hottest markets in July.

Listings are down. Prices are up. It’s a seller’s market.

MarketHotSheet_July2016_VanWest

The Vancouver Eastside had 117 sales and 599 active listings for detached homes at the end of the month. The benchmark sales price was $1,528,200, and the average days on market were 29. The hottest sales market was Killarney with 19 sales.

The condo market featured 131 sales, 173 active listing, and a benchmark sales price was $435,500. The average days on market were 14 days, and the hottest market for sales was Mount Pleasant VE with 47 sales.

The townhome market, on the other hand, had 26 sales and 44 active listings. The benchmark sale price was $769,800 with 19 average days on market. Mount Pleasant VE, 10 sales, had the most sales in July.

MarketHotSheet_July2016_VanEast

North Shore

In July, the North Vancouver market had 99 sales and 241 active listings for detached homes. The benchmark sale price was $1,699,200 with an average days on market of 20. Lynn Valley, 12 sales, had the most sales activity.

There were 114 sales and 176 active listings for condos. The benchmark sale price was $456,300 with 12 average days on market. The neighbourhood of Lower Lonsdale with 41 sales was the hottest sales market.

Townhome sales were 25, active listings were 38, the benchmark sale price was $868,200, and the average days on market were 12. Roche Point with 12 sales had the most sales activity.

MarketHotSheet_July2016_NorthVan

The West Vancouver market had 45 sales and 460 active listings for detached homes. The benchmark sale price was $3,365,600 with 34 average days on market. Dundarave with 8 sales was the neighbourhoods with the most sales activity.

Condo sales were 17 and active listings were 61 at the end of the month. The benchmark sales price was $894,300 with an average days on market of 45. Ambleside had the most sales in July at 8.

In comparison, townhome market had 4 sales and 11 active listings; the average days on market were 39.

MarketHotSheet_July2016_WestVan

Tri Cities

In the Coquitlam market, there were 106 sales and 371 active listings for detached homes at the end of July. The benchmark sale price was $1,226,700, and the average days on market were 18. Westwood Plateau, 18 sales, experienced the most sales activity.

The condo market had 134 sales and 191 active listings. The benchmark sale price was $339,900 with 16 average days on market. The hottest market for sales was North Coquitlam, 58 sales.

Townhome featured 47 sales and 66 active listings. The benchmark sales price was $520,400 with an average days on market of 15. Burke Mountain with 15 sales had the most sales activity in July.

MarketHotSheet_July2016_Coquitlam

The Port Coquitlam had 42 sales and 124 active listings for detached homes. The benchmark sale price was $919,600 with an average days on market of 16. Glenwood PQ with 9 sales experienced the most sales activity of the month.

Condo featured 66 sales, 60 active listings, a $301,000 benchmark sales price, and 16 average days on market. Central Pt Coquitlam had the most sales activity at 52.

In comparison, townhome had 29 sales and 28 active listings. The benchmark sales price was $539,600 with an average days on market of 18. Riverwood was the hottest market with 11 sales.

MarketHotSheet_July2016_PortCoquitlam

There were 27 sales and 78 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,397,100, and the average days on market were 25. North Shore Pt Moody had the most sales activity of 6.

The condo market featured 31 sales, 46 active listings, $460,000 benchmark sale price, and 19 average days on market. Port Moody Centre, 24 sales, had most sales activity.

In comparison, townhome sales were 14, active listings were 19 and the benchmark sale price was $542,100. The average days on market were 23, and Colleage Park PM with 4 sales was the hottest market for sales.

MarketHotSheet_July2016_PortMoody

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_July2016_BurnabyEast

Burnaby North

MarketHotSheet_July2016_BurnabyNorth

Burnaby South

MarketHotSheet_July2016_BurnabySouth

New Westminster

MarketHotSheet_July2016_NewWest

Richmond

MarketHotSheet_July2016_Richmond

Maple Ridge

MarketHotSheet_July2016_MapleRidge

Ladner

MarketHotSheet_July2016_Ladner

Tsawwassen

MarketHotSheet_July2016_Tsawwassen

Pitt Meadows

MarketHotSheet_July2016_PittMeadows

Bowen Island

MarketHotSheet_July2016_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