Greater Vancouver Real Estate Market Statistics – January 2016

Here are the latest real estate market statistics from Macdonald Realty on Vancouver, North Shore, Tri-Cities and other Greater Vancouver listings and sales in January 2016.

Vancouver

In the Vancouver Westside, there were 135 sales of detached homes and 502 active listings at the end of January. The benchmark sale price was $2,928,800, with an average days on market of 42. The hottest market for sales was Shaughnessy with 16 sales.

In comparison, the condo market had 307 sales, 768 active listings and a benchmark sale price of $599,200 with 32 average days on market. The hottest market for sales was Downtown VW, 75 sales.

Townhome sales were 31, active listings were 80. The benchmark sale price was $892,600 with an average days on market of 48. University VW, 5 sales, was the hottest market for sales in January.

Listings are down. Sales are up. It’s a seller’s market.

 

Jan2016_VanWest

 

The Vancouver Eastside had 98 sales and 314 active listings for detached homes at the end of the month. The benchmark sales price was $1,234,100, and the average days on market were 35. The hottest sales market was Killarney VE with 15 sales.
The condo market featured 88 sales, 209 active listing, and a benchmark sales price was $373,800. The average days on market were 43 days, and the hottest market for sales was Mount Pleasant VE with 21 sales.
The townhome market, on the other hand, had 10 sales and 36 active listings. The benchmark sale price was $661,200 with 36 average days on market. Champlain Heights had the most sales in January at 4.
Jan2016_VanEast

North Shore

In January, the North Vancouver market had 69 sales and 151 active listings for detached homes. The benchmark sale price was $1,351,900 with an average days on market of 21. Lynn Valley, 12 sales, had the most sales activity.
There were 62 sales and 167 active listings for condos. The benchmark sale price was $395,300 with 33 average days on market. The neighbourhood of Lower Lonsdale with 22 sales was the hottest sales market.
Townhome sales were 35, active listings were 36, the benchmark sale price was $701,500, and the average days on market were 31. Central Lonsdale with 5 sales had the most sales activity.
Listings are down. Sales are up. It’s a seller’s market.
Jan2016_NorthVan

 

The West Vancouver market had 82 sales and 345 active listings for detached homes. The benchmark sale price was $2,659,000 with 47 average days on market. Ambleside with 15 sales was the neighbourhoods with the most sales activity.
Condo sales were 17 and active listings were 79 at the end of the month. The benchmark sales price was $766,600 with an average days on market of 92. Same as detached homes, Ambleside had the most sales in January at 8.
In comparison, townhome market had 6 sales and 8 active listings; the average days on market were 7.
Listings are down. Sales are up. It’s a seller’s market.
Jan2016_WestVan

Tri Cities

In the Coquitlam market, there were 103 sales and 189 active listings for detached homes at the end of January. The benchmark sale price was $982,100, and the average days on market were 18. Central Coquitlam with 24 sales experienced the most sales activity.
The condo market had 94 sales and 191 active listings. The benchmark sale price was $304,300 with 38 average days on market. The hottest market for sales was North Coquitlam, 38 sales.
Townhome featured 27 sales and 40 active listings. The benchmark sales price was $454,000 with an average days on market of 46. Burke Mountain, 8 sales, was the neighbourhood with the most sales activity.
Listings are down. Sales are up. It’s a seller’s market.
Jan2016_Coquitlam

 

The Port Coquitlam had 27 sales and 52 active listings for detached homes. The benchmark sale price was $757,700 with an average days on market of 16. Glenwood PQ and Mary Hill, both with 7 sales, experienced the most sales activity of the month.
Condo featured 43 sales, 115 active listings, a $259,800 benchmark sales price, and 32 average days on market. Central Pt Coquitlam had the most sales activity at 38.
In comparison, townhome had 18 sales and 24 active listings. The benchmark sales price was $431,700 with an average days on market of 8. Riverwood was the hottest market with 7 sales.
Listings are down. Sales are up. It’s a seller’s market.
Jan2016_PortCoquitlam

 

There were 21 sales and 39 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,135,000, and the average days on market were 60. Anmore had the most sales activity of 8.
The condo market featured 19 sales, 38 active listings, $393,600 benchmark sale price, and 28 average days on market. Port Moody Centre, 12 sales, had most sales activity.
In comparison, townhome sales were 10, active listings were 9 and the benchmark sale price was $518,400. The average days on market were 12, and College Park PM with 4 sales was the hottest market for sales.
Listings are down. Sales are up. It’s a seller’s market.
Jan2016_PortMoody

 

The followings are the summaries of the surrounding areas:

Burnaby East

Jan2016_BurnabyEast

 

Burnaby North

Jan2016_BurnabyNorth

 

Burnaby South

Jan2016_BurnabySouth

New Westminster

Jan2016_NewWest

 

Richmond

Jan2016_Richmond

 

Maple Ridge

Jan2016_MapleRidge

 

Ladner

Jan2016_Ladner

 

Tsawwassen

Jan2016_Tsawwassen

 

Pitt Meadows

Jan2016_PittMeadows

 

Bowen Island

Jan2016_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