Greater Vancouver Real Estate Market Statistics – October 2018

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

Vancouver-West

In the Vancouver Westside, there were 66 sales of detached homes and 849 active listings at the end of the month. The benchmark sale price was $3,267,800, with average days on market of 61. The hottest markets for sales was Dunbar with 13 sales.

In comparison, the condo market had 269 sales, 1,405 active listings and a benchmark sale price of $809,600 with an average of 27 days on market. The hottest market for sales was Downtown VW, 56 sales.

Townhome sales were 39, active listings were 214. The benchmark sale price was $1,232,500 with an average days on market of 24. Fairview VW with 13 sales was the hottest market of the month.

It’s a buyer’s market for homes.

MarketHotSheet_October_2018_VancouverWest

Vancouver-East

The Vancouver Eastside had 80 sales and 803 active listings for detached homes at the end of the month. The benchmark sales price was $1,480,700, and the average days on market were 47. The hottest sales market was Victoria VE with 11 sales.

The condo market featured 119 sales, 424 active listings, and a benchmark sales price was $569,100. The average days on market were 25 days, and the hottest market for sales was Mount Pleasant VE with 35 sales.

The townhome market, on the other hand, had 28 sales and 98 active listings. The benchmark sale price was $833,200 with 28 average days on market. The hottest market for sales was Champlain Heights with 8 sales.

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

MarketHotSheet_October_2018_VancouverEast

North Vancouver

In October, the North Vancouver market had 69 sales and 474 active listings for detached homes. The benchmark sale price was $1,594,700 with an average days on market of 43. Lynn Valley with 8 sales had the most sales activity.

There were 78 sales and 341 active listings for condos. The benchmark sale price was $582,000 with 18 average days on market. The neighborhood of Lower Lonsdale with 26 sales was the hottest sales market.

Townhome sales were 23, active listings were 115, the benchmark sale price was $1,026,400 and the average days on market were 23. Lynnmour had the most activity with 5 sales.

It’s a buyer’s market for homes.

MarketHotSheet_October_2018_NorthVancouver

West Vancouver

The West Vancouver market had 36 sales and 574 active listings for detached homes. The benchmark sale price was $2,758,400 with 54 average days on market. British Properties had the most sales at 6.

Condo sales were 15 and active listings were 112 at the end of the month. The benchmark sales price was $1,157,200 with an average days on market of 72. Ambleside and Dundarave had the most sales at 4.

In comparison, townhome market had 3 sales and 29 active listings.

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

MarketHotSheet_October_2018_WestVancouver

Coquitlam

In the Coquitlam market, there were 45 sales and 529 active listings for detached homes at the end of the month. The benchmark sale price was $1,252,200 and the average days on market were 41. Central Coquitlam with 9 sales experienced the most sales activity.

The condo market had 62 sales and 354 active listings. The benchmark sale price was $529,000 with 31 average days on market. The hottest market for sales was North Coquitlam and Coquitlam West with 22 sales each.

Townhomes featured 26 sales and 110 active listings. The benchmark sales price was $681,000 with an average days on market of 32. Burke Mountain, with 9 sales, had the most sales activity.

It’s a buyer’s market for homes.

MarketHotSheet_October_2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 17 sales and 170 active listings for detached homes. The benchmark sale price was $975,500 with an average days on market of 36. Riverwood with 5 sales experienced the most sales activities of the month.

Condo featured 37 sales, 103 active listings, a $458,200 benchmark sales price, and 30 average days on market. Central Pt Coquitlam had the most sales activity at 29.

In comparison, townhome had 19 sales and 84 active listings. The benchmark sales price was $646,400 with an average days on market of 19. Riverwood was the hottest markets with 9 sales.

It’s a seller’s market for condos.

MarketHotSheet_October_2018_PortCoquitlam

Port Moody

There were 11 sales and 119 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,489,100 and the average days on market were 29. College Park PM, Heritage Mountain, North Shore Pt Moody and Port Moody Centre had the most sales activities for the month with 2 sales each.

The condo market featured 15 sales, 83 active listings, $659,200 benchmark sale price, and 23 average days on market. Port Moody Centre, 10 sales, had most sales activity.

In comparison, townhome sales were 11, active listings were 31 and the benchmark sale price was $677,000. The average days on market were 20. College Park PM had the most sales activity with 5 sales.

It’s a seller’s market for townhomes.

MarketHotSheet_October_2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 74 sales and 422 active listings for detached homes at the end of the month. The benchmark sale price was $853,000 and the average days on market were 48. Albion experienced the most sales activity with 13 sales.

The condo market had 31 sales and 123 active listings. The benchmark sale price was $363,700 with 32 average days on market. The hottest market for sales was East Central, 18 sales.

Townhome featured 38 sales and 143 active listings. The benchmark sales price was $552,900 with an average days on market of 28. Cottonwood MR and East Central had the most sales activity with 10 sales each.

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

MarketHotSheet_October_2018_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_October_2018_BurnabyEast

 

Burnaby North

MarketHotSheet_October_2018_BurnabyNorth

 

Burnaby South

MarketHotSheet_October_2018_BurnabySouth

 

New Westminster

MarketHotSheet_October_2018_NewWestminster

 

Richmond

MarketHotSheet_October_2018_Richmond

 

Ladner

MarketHotSheet_October_2018_Ladner

 

Tsawwassen

MarketHotSheet_October_2018_Tsawwassen

 

Pitt Meadows

MarketHotSheet_October_2018_PittMeadows

 

Bowen Island

MarketHotSheet_October_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