Greater Vancouver Real Estate Market Statistics – July 2017

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

Vancouver

In the Vancouver Westside, there were 74 sales of detached homes and 768 active listings at the end of the month. The benchmark sale price was $3,666,200, with an average days on market of 36. The hottest markets for sales were Dunbar and South Granville with 9 sales each.

In comparison, the condo market had 397 sales, 797 active listings and a benchmark sale price of $783,700 with an average of 17 days on market. The hottest market for sales was Downtown VW, 100 sales.

Townhome sales were 40, active listings were 146. The benchmark sale price was $1,232,000 with an average days on market of 14. Fairview VW with 9 sales was the hottest market in July.

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

MarketHotSheet_July2017_VanWest

The Vancouver Eastside had 110 sales and 822 active listings for detached homes at the end of the month. The benchmark sales price was $1,561,700, and the average days on market were 22. The hottest sales market was Renfrew Heights with 15 sales.

The condo market featured 151 sales, 178 active listing, and a benchmark sales price was $524,700. The average days on market were 15 days, and the hottest market for sales was Mount Pleasant VE with 43 sales.

The townhome market, on the other hand, had 32 sales and 58 active listings. The benchmark sale price was $854,900 with 20 average days on market. Mount Pleasant VE, 9 sales, had the most sales in July.

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

MarketHotSheet_July2017_VanEast

North Shore

In June, the North Vancouver market had 81 sales and 344 active listings for detached homes. The benchmark sale price was $1,716,800 with an average days on market of 23. Canyon Heights NV and Lynn Valley with 10 sales had the most sales activity.

There were 79 sales and 136 active listings for condos. The benchmark sale price was $545,100 with 10 average days on market. The neighbourhoods of Lower Lonsdale with 27 sales was the hottest sales market.

Townhome sales were 37, active listings were 61, the benchmark sale price was $950,300, and the average days on market were 12. Central Lonsdale with 6 sales had the most sales activity.

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

MarketHotSheet_July2017_NorthVan

The West Vancouver market had 41 sales and 500 active listings for detached homes. The benchmark sale price was $3,180,000 with 64 average days on market. Ambleside with 6 sales was the neighbourhood with the most sales activity.

Condo sales were 11 and active listings were 56 at the end of the month. The benchmark sales price was $1,137,400 with an average days on market of 21. Ambleside had the most sales at 5.

In comparison, townhome market had 4 sales and 15 active listings; the average days on market were 14.

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

MarketHotSheet_July2017_WestVan

Tri Cities

In the Coquitlam market, there were 92 sales and 405 active listings for detached homes at the end of the month. The benchmark sale price was $1,276,500, and the average days on market were 25. Central Coquitlam with 27 sales experienced the most sales activity.

The condo market had 139 sales and 147 active listings. The benchmark sale price was $459,400 with 15 average days on market. The hottest market for sales was North Coquitlam, 60 sales.

Townhome featured 40 sales and 60 active listings. The benchmark sales price was $631,000 with an average days on market of 23. Burke Mountain with 14 sales had the most sales activity.

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

MarketHotSheet_July2017_Coquitlam

The Port Coquitlam had 44 sales and 115 active listings for detached homes. The benchmark sale price was $995,400 with an average days on market of 23. Glenwood PQ with 10 sales experienced the most sales activity of the month.

Condo featured 46 sales, 37 active listings, a $401,000 benchmark sales price, and 13 average days on market. Central Pt Coquitlam had the most sales activity at 30.

In comparison, townhome had 26 sales and 25 active listings. The benchmark sales price was $625,300 with an average days on market of 9. Riverwood was the hottest market with 12 sales.

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

MarketHotSheet_July2017_PortCoquitlam

There were 18 sales and 104 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,446,300, and the average days on market were 60. Anmore with 4 sales had the most sales activity.

The condo market featured 36 sales, 34 active listings, $576,600 benchmark sale price, and 14 average days on market. Port Moody Centre, 29 sales, had most sales activity.

In comparison, townhome sales were 21, active listings were 18 and the benchmark sale price was $597,400. The average days on market were 11. North Shore Pt Moody with 8 sales was the hottest market for sales.

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

MarketHotSheet_July2017_PortMoody

Maple Ridge

In the Maple Ridge market, there were 118 sales and 388 active listings for detached homes at the end of the month. The benchmark sale price was $793,600, and the average days on market were 21. Southwest Maple Ridge with 20 sales experienced the most sales activity.

The condo market had 38 sales and 30 active listings. The benchmark sale price was $236,900 with 26 average days on market. The hottest market for sales was East Central, 18 sales.

Townhome featured 52 sales and 39 active listings. The benchmark sales price was $500,600 with an average days on market of 10. Cottonwood MR with 17 sales had the most sales activity.

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

MarketHotSheet_July2017_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_July2017_BurnabyEast

Burnaby North

MarketHotSheet_July2017_BurnabyNorth

Burnaby South

MarketHotSheet_July2017_BurnabySouth

New Westminster

MarketHotSheet_July2017_NewWest

Richmond

MarketHotSheet_July2017_Richmond

Ladner

MarketHotSheet_July2017_Ladner

Tsawwassen

MarketHotSheet_July2017_Tsawwassen

Pitt Meadows

MarketHotSheet_July2017_PittMeadows

Bowen Island

MarketHotSheet_July2017_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