Greater Vancouver Real Estate Market Statistics – September 2016

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

Vancouver

In the Vancouver Westside, there were 62 sales of detached homes and 699 active listings at the end of September. The benchmark sale price was $3,624,300, with an average days on market of 31. The hottest market for sales was Dunbar with 12 sales.

In comparison, the condo market had 331 sales, 931 active listings and a benchmark sale price of $683,200 with 21 average days on market. The hottest market for sales was Downtown VW, 69 sales.

Townhome sales were 31, active listings were 113. The benchmark sale price was $1,116,300 with an average days on market of 17. Fairview VW with 10 sales was the hottest market in September.

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

MarketHotSheet_September2016_VanWest

The Vancouver Eastside had 68 sales and 706 active listings for detached homes at the end of the month. The benchmark sales price was $1,537,300, and the average days on market were 33. The hottest sales market was Renfrew VE with 11 sales.

The condo market featured 113 sales, 223 active listing, and a benchmark sales price was $435,700. The average days on market were 19 days, and the hottest market for sales was Mount Pleasant VE with 39 sales.

The townhome market, on the other hand, had 20 sales and 55 active listings. The benchmark sale price was $776,400 with 16 average days on market. Champlain Heights and Mount Pleasant VE, 5 sales each, had the most sales in September.

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

MarketHotSheet_September2016_VanEast

North Shore

In September, the North Vancouver market had 55 sales and 355 active listings for detached homes. The benchmark sale price was $1,663,500 with an average days on market of 23. Canyon Heights NV, Lynn Valley, and Upper Lonsdale, 6 sales each, had the most sales activity.

There were 99 sales and 219 active listings for condos. The benchmark sale price was $453,600 with 22 average days on market. The neighbourhood of Lower Lonsdale with 29 sales was the hottest sales market.

Townhome sales were 28, active listings were 57, the benchmark sale price was $878,600, and the average days on market were 16. Central Lonsdale and Lower Lonsdale, 6 sales each, had the most sales activity.

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

MarketHotSheet_September2016_NorthVan

The West Vancouver market had 24 sales and 461 active listings for detached homes. The benchmark sale price was $3,363,700 with 45 average days on market. British Properties, Howe Sound, and Lions Bay, 3 sales each, were the neighbourhoods with the most sales activity.

Condo sales were 15 and active listings were 60 at the end of the month. The benchmark sales price was $901,200 with an average days on market of 15. Ambleside had the most sales in September at 10.

In comparison, townhome market had 2 sales and 12 active listings; the average days on market were 50.

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

MarketHotSheet_September2016_WestVan

Tri Cities

In the Coquitlam market, there were 65 sales and 396 active listings for detached homes at the end of September. The benchmark sale price was $1,211,000, and the average days on market were 28. Central Coquitlam, 18 sales, experienced the most sales activity.

The condo market had 82 sales and 200 active listings. The benchmark sale price was $346,500 with 26 average days on market. The hottest market for sales was North Coquitlam, 39 sales.

Townhome featured 22 sales and 68 active listings. The benchmark sales price was $524,000 with an average days on market of 15. Burke Mountain with 5 sales had the most sales activity in September

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

MarketHotSheet_September2016_Coquitlam

The Port Coquitlam had 27 sales and 161 active listings for detached homes. The benchmark sale price was $888,500 with an average days on market of 27. Glenwood PQ with 8 sales experienced the most sales activity of the month.

Condo featured 54 sales, 74 active listings, a $311,800 benchmark sales price, and 13 average days on market. Central Pt Coquitlam had the most sales activity at 38.

In comparison, townhome had 17 sales and 54 active listings. The benchmark sales price was $543,500 with an average days on market of 23. Citadel PQ was the hottest market with 5 sales.

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

MarketHotSheet_September2016_PortCoquitlam

There were 8 sales and 99 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,386,200, and the average days on market were 14. Glenayre had the most sales activity of 2.

The condo market featured 31 sales, 50 active listings, $480,200 benchmark sale price, and 19 average days on market. Port Moody Centre, 24 sales, had most sales activity.

In comparison, townhome sales were 20, active listings were 19 and the benchmark sale price was $545,600. The average days on market were 15, and North Shore Pt Moody with 8 sales was the hottest market for sales.

It’s a buyer’s market for detached homes.

MarketHotSheet_September2016_PortMoody

Maple Ridge

In the Maple Ridge market, there were 80 sales and 389 active listings for detached homes at the end of the month. The benchmark sale price was $719,900, and the average days on market were 22. Albion with 21 sales experienced the most sales activity.

The condo market had 29 sales and 82 active listings. The benchmark sale price was $203,900 with 23 average days on market. The hottest market for sales was East Central, 23 sales.

Townhome featured 35 sales and 83 active listings. The benchmark sales price was $398,000 with an average days on market of 11. Cottonwood MR with 12 sales had the most sales activity in September

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

MarketHotSheet_September2016_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_September2016_BurnabyEast

Burnaby North

MarketHotSheet_September2016_BurnabyNorth

Burnaby South

MarketHotSheet_September2016_BurnabySouth

New Westminster

MarketHotSheet_September2016_NewWest

Richmond

MarketHotSheet_September2016_Richmond

Ladner

MarketHotSheet_September2016_Ladner

Tsawwassen

MarketHotSheet_September2016_Tsawwassen

Pitt Meadows

MarketHotSheet_September2016_PittMeadows

Bowen Island

MarketHotSheet_September2016_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