Greater Vancouver Real Estate Market Statistics – November 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in November 2018.

Vancouver-West

In the Vancouver Westside, there were 62 sales of detached homes and 813 active listings at the end of the month. The benchmark sale price was $3,205,500 with average days on market of 58. The hottest markets for sales was Kitsilano with 9 sales.

In comparison, the condo market had 207 sales, 1,354 active listings and a benchmark sale price of $781,900 with an average of 31 days on market. The hottest market for sales was Downtown VW, 47 sales.

Townhome sales were 25, active listings were 203. The benchmark sale price was $1,247,400 with an average days on market of 37. Fairview VW with 9 sales was the hottest market of the month.

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

MarketHotSheet_November_2018_VancouverWest

Vancouver-East

The Vancouver Eastside had 58 sales and 773 active listings for detached homes at the end of the month. The benchmark sales price was $1,470,800, and the average days on market were 49. The hottest sales market was Grandview VE with 10 sales.

The condo market featured 90 sales, 389 active listings, and a benchmark sales price was $551,400. The average days on market were 30 days, and the hottest market for sales was Mount Pleasant VE with 26 sales.

The townhome market, on the other hand, had 23 sales and 89 active listings. The benchmark sale price was $830,800 with 40 average days on market. The hottest market for sales was Champlain Heights and Collingwood VE with 5 sales each.

It’s a seller’s market for townhomes.

MarketHotSheet_November_2018_VancouverEast

North Vancouver

In November, the North Vancouver market had 40 sales and 429 active listings for detached homes. The benchmark sale price was $1,569,100 with an average days on market of 33. Canyon Heights NV with 7 sales had the most sales activity.

There were 76 sales and 297 active listings for condos. The benchmark sale price was $574,000 with 27 average days on market. Lower Lonsdale and Central Lonsdale with 18 sales each were the hottest sales markets.

Townhome sales were 22, active listings were 113, the benchmark sale price was $1,014,900 and the average days on market were 50. Central Lonsdale had the most activity with 4 sales.

It’s a seller’s market for condos.

MarketHotSheet_November_2018_NorthVancouver

West Vancouver

The West Vancouver market had 25 sales and 545 active listings for detached homes. The benchmark sale price was $2,738,300 with 62 average days on market. Ambleside had the most sales at 4.

Condo sales were 5 and active listings were 107 at the end of the month. The benchmark sales price was $1,207,500 with an average days on market of 23. Ambleside had the most sales at 4.

In comparison, townhome market had 1 sale and 29 active listings.

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

MarketHotSheet_November_2018_WestVancouver

Coquitlam

In the Coquitlam market, there were 52 sales and 478 active listings for detached homes at the end of the month. The benchmark sale price was $1,230,100 and the average days on market were 41. Central Coquitlam with 13 sales experienced the most sales activity.

The condo market had 56 sales and 316 active listings. The benchmark sale price was $522,300 with 34 average days on market. The hottest market for sale was North Coquitlam with 15 sales.

Townhomes featured 22 sales and 113 active listings. The benchmark sales price was $670,400 with an average days on market of 24. Burke Mountain, with 16 sales, had the most sales activity.

It’s a buyer’s market for homes.

MarketHotSheet_November_2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 21 sales and 157 active listings for detached homes. The benchmark sale price was $978,100 with an average days on market of 49. Mary Hill with 6 sales experienced the most sales activities of the month.

Condo featured 36 sales, 96 active listings, a $451,700 benchmark sales price, and 24 average days on market. Central Pt Coquitlam had the most sales activity at 23.

In comparison, townhome had 12 sales and 84 active listings. The benchmark sales price was $639,000 with an average days on market of 22. Riverwood was the hottest markets with 8 sales.

It’s a seller’s market for condos.

MarketHotSheet_November_2018_PortCoquitlam

Port Moody

There were 13 sales and 102 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,498,900 and the average days on market were 69. North Shore Pt Moody and Port Moody Centre had the most sales activities for the month with 3 sales each.

The condo market featured 15 sales, 77 active listings, $646,000 benchmark sale price, and 34 average days on market. Port Moody Centre, 11 sales, had most sales activity.

In comparison, townhome sales were 5, active listings were 33 and the benchmark sale price was $673,800. The average days on market were 28. Port Moody Centre had the most sales activity with 3 sales.

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

MarketHotSheet_November_2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 57 sales and 406 active listings for detached homes at the end of the month. The benchmark sale price was $830,100 and the average days on market were 41. East Central experienced the most sales activity with 12 sales.

The condo market had 18 sales and 125 active listings. The benchmark sale price was $359,000 with 29 average days on market. The hottest market for sales was West Central, 10 sales.­­

Townhome featured 31 sales and 119 active listings. The benchmark sales price was $550,100 with an average days on market of 50. East Central had the most sales activity with 11 sales.

It’s a seller’s market for townhomes.

MarketHotSheet_November_2018_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_November_2018_BurnabyEast

Burnaby North

MarketHotSheet_November_2018_BurnabyNorth

Burnaby South

MarketHotSheet_November_2018_BurnabySouth

New Westminster

MarketHotSheet_November_2018_NewWestminster

Richmond

MarketHotSheet_November_2018_Richmond

Ladner

MarketHotSheet_November_2018_Ladner

Tsawwassen

MarketHotSheet_November_2018_Tsawwassen

Pitt Meadows

MarketHotSheet_November_2018_PittMeadows

Bowen Island

MarketHotSheet_November_2018_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