Greater Vancouver Real Estate Market Statistics – March 2016

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

Vancouver

In the Vancouver Westside, there were 221 sales of detached homes and 571 active listings at the end of March. The benchmark sale price was $3,072,000, with an average days on market of 25. The hottest market for sales was Dunbar with 36 sales.

In comparison, the condo market had 683 sales, 722 active listings and a benchmark sale price of $635,300 with 22 average days on market. The hottest market for sales was Downtown VW, 168 sales.

Townhome sales were 77, active listings were 88. The benchmark sale price was $939,000 with an average days on market of 19. Kitsilano, 14 sales, was the hottest market for sales in March.

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

MarketHotSheet_March2016_VanWest

The Vancouver Eastside had 210 sales and 382 active listings for detached homes at the end of the month. The benchmark sales price was $1,288,400, and the average days on market were 18. The hottest sales market was Renfrew VE with 26 sales.

The condo market featured 209 sales, 207 active listing, and a benchmark sales price was $390,200. The average days on market were 17 days, and the hottest market for sales was Mount Pleasant VE with 66 sales.

The townhome market, on the other hand, had 32 sales and 27 active listings. The benchmark sale price was $714,000 with 15 average days on market. Mount Pleasant VE, 8 sales, had the most sales in March.

MarketHotSheet_March2016_VanEast

North Shore

In March, the North Vancouver market had 182 sales and 188 active listings for detached homes. The benchmark sale price was $1,422,900 with an average days on market of 13. Upper Lonsdale, 29 sales, had the most sales activity.

There were 156 sales and 176 active listings for condos. The benchmark sale price was $403,200 with 15 average days on market. The neighbourhood of Lower Lonsdale with 58 sales was the hottest sales market.

Townhome sales were 46, active listings were 34, the benchmark sale price was $734,500, and the average days on market were 17. Central Lonsdale with 14 sales had the most sales activity.

MarketHotSheet_March2016_NorthVan

The West Vancouver market had 147 sales and 351 active listings for detached homes. The benchmark sale price was $2,799,900 with 35 average days on market. Ambleside with 22 sales was the neighbourhoods with the most sales activity.

Condo sales were 25 and active listings were 75 at the end of the month. The benchmark sales price was $822,000 with an average days on market of 45. Bayridge had the most sales in March at 10.

In comparison, townhome market had 5 sales and 6 active listings; the average days on market were 24.

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

 

MarketHotSheet_March2016_WestVan

Tri Cities

In the Coquitlam market, there were 195 sales and 271 active listings for detached homes at the end of March. The benchmark sale price was $1,046,100, and the average days on market were 17. Central Coquitlam, 52 sales, experienced the most sales activity.

The condo market had 164 sales and 151 active listings. The benchmark sale price was $313,800 with 18 average days on market. The hottest market for sales was North Coquitlam, 70 sales.

Townhome featured 68 sales and 45 active listings. The benchmark sales price was $491,600 with an average days on market of 18. Burke Mountain, 23 sales, was the neighbourhood with the most sales activity.

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

MarketHotSheet_March2016_Coquitlam

The Port Coquitlam had 87 sales and 82 active listings for detached homes. The benchmark sale price was $804,900 with an average days on market of 10. Glenwood PQ with 21 sales experienced the most sales activity of the month.

Condo featured 85 sales, 95 active listings, a $265,200 benchmark sales price, and 17 average days on market. Central Pt Coquitlam had the most sales activity at 67.

In comparison, townhome had 45 sales and 37 active listings. The benchmark sales price was $485,200 with an average days on market of 15. Riverwood was the hottest market with 16 sales.

MarketHotSheet_March2016_PortCoquitlam

There were 58 sales and 68 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,210,800, and the average days on market were 15. Heritage Mountain had the most sales activity of 10.

The condo market featured 46 sales, 51 active listings, $427,900 benchmark sale price, and 16 average days on market. Port Moody Centre, 39 sales, had most sales activity.

In comparison, townhome sales were 20, active listings were 21 and the benchmark sale price was $521,700. The average days on market were 13, and Heritage Woods PM with 8 sales was the hottest market for sales.

 

MarketHotSheet_March2016_PortMoody

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_March2016_BurnabyEast

Burnaby North

MarketHotSheet_March2016_BurnabyNorth

Burnaby South

 

MarketHotSheet_March2016_BurnabySouth

New Westminster

 

MarketHotSheet_March2016_NewWest

Richmond

 

MarketHotSheet_March2016_Richmond

Maple Ridge

 

MarketHotSheet_March2016_MapleRidge

Ladner

 

MarketHotSheet_March2016_Ladner

Tsawwassen

 

MarketHotSheet_March2016_Tsawwassen

Pitt Meadows

 

MarketHotSheet_March2016_PittMeadows

Bowen Island

 

MarketHotSheet_March2016_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