Greater Vancouver Real Estate Market Statistics – October 2017

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

Vancouver

In the Vancouver Westside, there were 108 sales of detached homes and 852 active listings at the end of the month. The benchmark sale price was $3,626,300, with an average days on market of 49. The hottest market for sales was Dunbar with 16 sales.

In comparison, the condo market had 393 sales, 769 active listings and a benchmark sale price of $806,500 with an average of 21 days on market. The hottest market for sales was Downtown VW, 90 sales.

Townhome sales were 45, active listings were 136. The benchmark sale price was $1,265,100 with an average days on market of 29. Kitsliano with 15 sales was the hottest market of the month.

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

MarketHotSheet_October2017_VanWest

The Vancouver Eastside had 107 sales and 798 active listings for detached homes at the end of the month. The benchmark sales price was $1,566,700, and the average days on market were 26. The hottest sales markets were Collingwood VE, Fraser VE, Grandview VE, and Killarney VE with 11 sales each.

The condo market featured 151 sales, 202 active listing, and a benchmark sales price was $538,500. The average days on market were 15 days, and the hottest market for sales was Mount Pleasant VE with 69 sales.

The townhome market, on the other hand, had 30 sales and 79 active listings. The benchmark sale price was $855,200 with 23 average days on market. Champlain Heights, Mount Pleasant VE and Victoria VE, with 5 sales each, had the most sales of the month.

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

MarketHotSheet_October2017_VanEast

North Shore

In October, the North Vancouver market had 81 sales and 367 active listings for detached homes. The benchmark sale price was $1,700,200 with an average days on market of 26. Lynn Valley with 15 sales had the most sales activity.

There were 125 sales and 167 active listings for condos. The benchmark sale price was $556,900 with 18 average days on market. The neighbourhoods of Lower Lonsdale with 42 sales was the hottest sales market.

Townhome sales were 37, active listings were 52, the benchmark sale price was $977,000, and the average days on market were 26. Lynn Valley with 6 sales had the most sales activity.

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

MarketHotSheet_October2017_NorthVan

The West Vancouver market had 29 sales and 552 active listings for detached homes. The benchmark sale price was $3,095,300 with 37 average days on market. Ambleside with 6 sales was the neighbourhood with the most sales activity.

Condo sales were 8 and active listings were 59 at the end of the month. The benchmark sales price was $1,163,100 with an average days on market of 40. Ambleside had the most sales at 4.

In comparison, townhome market had 6 sales and 15 active listings.

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

MarketHotSheet_October2017_WestVan

Tri Cities

In the Coquitlam market, there were 89 sales and 447 active listings for detached homes at the end of the month. The benchmark sale price was $1,277,400, and the average days on market were 29. Central Coquitlam with 19 sales experienced the most sales activity.

The condo market had 116 sales and 152 active listings. The benchmark sale price was $486,700 with 17 average days on market. The hottest market for sales was North Coquitlam, 44 sales.

Townhome featured 37 sales and 65 active listings. The benchmark sales price was $650,600 with an average days on market of 23. Burke Mountain and Millardville, with 10 sales each, had the most sales activities.

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

MarketHotSheet_October2017_Coquitlam

The Port Coquitlam had 31 sales and 100 active listings for detached homes. The benchmark sale price was $994,600 with an average days on market of 25. Oxford Heights with 9 sales experienced the most sales activity of the month.

Condo featured 66 sales, 39 active listings, a $418,200 benchmark sales price, and 14 average days on market. Central Pt Coquitlam had the most sales activity at 52.

In comparison, townhome had 21 sales and 31 active listings. The benchmark sales price was $643,300 with an average days on market of 19. Riverwood was the hottest market with 11 sales.

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

MarketHotSheet_October2017_PortCoquitlam

There were 22 sales and 93 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,509,100, and the average days on market were 39. Heritage Woods PM with 6 sales each had the most sales activity.

The condo market featured 36 sales, 49 active listings, $613,300 benchmark sale price, and 14 average days on market. Port Moody Centre, 33 sales, had most sales activity.

In comparison, townhome sales were 15, active listings were 22 and the benchmark sale price was $606,300. The average days on market were 20. College Park PM, Heritage Mountain, Heritage Woods PM, North Shore Pt Moody, and Port Moody Centre, with 3 sales each, were the hottest markets for sales.

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

MarketHotSheet_October2017_PortMoody

Maple Ridge

In the Maple Ridge market, there were 115 sales and 357 active listings for detached homes at the end of the month. The benchmark sale price was $811,500, and the average days on market were 32. Albion, East Central, Northwest Maple Ridge, and Southwest Maple Ridge, with 17 sales each, experienced the most sales activities.

The condo market had 33 sales and 38 active listings. The benchmark sale price was $269,300 with 18 average days on market. The hottest market for sales was West Central, 14 sales.

Townhome featured 38 sales and 69 active listings. The benchmark sales price was $529,700 with an average days on market of 17. Cottonwood MR and East Central, with 11 sales each, had the most sales activities.

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

MarketHotSheet_October2017_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_October2017_BurnabyEast

Burnaby North

MarketHotSheet_October2017_BurnabyNorth

Burnaby South

MarketHotSheet_October2017_BurnabySouth

New Westminster

MarketHotSheet_October2017_NewWest

Richmond

MarketHotSheet_October2017_Richmond

Ladner

MarketHotSheet_October2017_Ladner

Tsawwassen

MarketHotSheet_October2017_Tsawwassen

Pitt Meadows

MarketHotSheet_October2017_PittMeadows

Bowen Island

MarketHotSheet_October2017_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