Greater Vancouver Real Estate Market Statistics – September 2018

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

Vancouver-West

In the Vancouver Westside, there were 39 sales of detached homes and 858 active listings at the end of the month. The benchmark sale price was $3,254,200, with average days on market of 59. The hottest markets for sales was Kerrisdale with 7 sales.

In comparison, the condo market had 209 sales, 1,347 active listings and a benchmark sale price of $804,100 with an average of 30 days on market. The hottest market for sales was Downtown VW, 52 sales.

Townhome sales were 28, active listings were 227. The benchmark sale price was $1,229,300 with an average days on market of 33. Fairview VW with 6 sales was the hottest market of the month.

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

MarketHotSheet_September_2018_VancouverWest

Vancouver-East

The Vancouver Eastside had 73 sales and 854 active listings for detached homes at the end of the month. The benchmark sales price was $1,502,900, and the average days on market were 46. The hottest sales market was Killarney VE with 13 sales.

The condo market featured 95 sales, 447 active listings, and a benchmark sales price was $575,700. The average days on market were 27 days, and the hottest market for sales was Mount Pleasant VE with 28 sales.

The townhome market, on the other hand, had 21 sales and 101 active listings. The benchmark sale price was $873,400 with 20 average days on market. The hottest market for sales was Champlain Heights with 8 sales.

It’s a buyer’s market for homes.

MarketHotSheet_September_2018_VancouverEast

North Vancouver

In September, the North Vancouver market had 41 sales and 498 active listings for detached homes. The benchmark sale price was $1,620,300 with an average days on market of 38. Lynn Valley with 7 sales had the most sales activity.

There were 57 sales and 318 active listings for condos. The benchmark sale price was $595,700 with 24 average days on market. The neighborhood of Lower Lonsdale with 19 sales was the hottest sales market.

Townhome sales were 20, active listings were 103, the benchmark sale price was $1,021,900 and the average days on market were 27. Lynn Valley and Northlands with 3 sales each had the most sales activity.

It’s a buyer’s market for homes.

MarketHotSheet_September_2018_NorthVancouver

West Vancouver

The West Vancouver market had 25 sales and 582 active listings for detached homes. The benchmark sale price was $2,777,500 with 93 average days on market. Altamont, Ambleside, Caulfeild and British Properties each had the most sales at 3.

Condo sales were 7 and active listings were 111 at the end of the month. The benchmark sales price was $1,213,900 with an average days on market of 25. Ambleside had the most sales at 3.

In comparison, townhome market had 2 sales and 33 active listings.

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

MarketHotSheet_September_2018_WestVancouver

Coquitlam

In the Coquitlam market, there were 49 sales and 554 active listings for detached homes at the end of the month. The benchmark sale price was $1,285,100 and the average days on market were 38. Burke Mountain with 9 sales experienced the most sales activity.

The condo market had 56 sales and 357 active listings. The benchmark sale price was $537,600 with 31 average days on market. The hottest market for sales was North Coquitlam, 20 sales.

Townhomes featured 24 sales and 113 active listings. The benchmark sales price was $686,200 with an average days on market of 22. Burke Mountain, with 12 sales, had the most sales activity.

It’s a buyer’s market for homes and condos.MarketHotSheet_September_2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 23 sales and 171 active listings for detached homes. The benchmark sale price was $984,500 with an average days on market of 42. Citadel PQ with 7 sales experienced the most sales activities of the month.

Condo featured 35 sales, 93 active listings, a $457,300 benchmark sales price, and 27 average days on market. Central Pt Coquitlam had the most sales activity at 28.

In comparison, townhome had 14 sales and 77 active listings. The benchmark sales price was $660,400 with an average days on market of 36. Citadel PQ was the hottest markets with 6 sales.

It’s a seller’s market for condos.

MarketHotSheet_September_2018_PortCoquitlam

Port Moody

There were 9 sales and 115 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,504,300 and the average days on market were 36. Port Moody Centre with 3 sales had the most sales activities for the month.

The condo market featured 17 sales, 85 active listings, $666,400 benchmark sale price, and 34 average days on market. Port Moody Centre, 14 sales, had most sales activity.

In comparison, townhome sales were 7, active listings were 32 and the benchmark sale price was $676,100. The average days on market were 34. Port Moody Centre had the most sales activity with 5 sales.

It’s a buyer’s market for homes.

MarketHotSheet_September_2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 42 sales and 423 active listings for detached homes at the end of the month. The benchmark sale price was $864,500, and the average days on market were 34. Cottonwood MR and East Central experienced the most sales activity with 9 sales each.

The condo market had 22 sales and 127 active listings. The benchmark sale price was $364,100 with 37 average days on market. The hottest market for sales was East Central, 14 sales.

Townhome featured 23 sales and 144 active listings. The benchmark sales price was $558,800 with an average days on market of 28. East Central with 9 sales had the most sales activity.

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

MarketHotSheet_September_2018_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_September_2018_BurnabyEast

Burnaby North

MarketHotSheet_September_2018_BurnabyNorth

Burnaby South

MarketHotSheet_September_2018_BurnabySouth

Ladner

 

MarketHotSheet_September_2018_Ladner

New Westminster

MarketHotSheet_September_2018_NewWestminster

Richmond

MarketHotSheet_September_2018_Richmond

 

Tsawwassen

MarketHotSheet_September_2018_Tsawwassen

Bowen Island

MarketHotSheet_September_2018_BowenIsland

Pitt Meadows

MarketHotSheet_September_2018_PittMeadows

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