Congratulations to Sheila Aujla for her election yesterday as a new Director at VREB!

Sheila joins David Langlois from our Victoria office to fill two positions on a nine member board – the maximum number of Directors an Office is permitted to have on the Board of Directors.

We are very proud to have such high representation at this level of governance. This illustrates that our Office members have the skills and the confidence of their colleagues to guide the Board through these challenging times.

Congratulations again Sheila!

Luxury Homes Collection – Fall 2018

New Fall edition of Macdonald Realty’s Luxury Homes Collection has arrived!

For six consecutive years the magazine has been featuring a wide variety of luxury properties from all over the province. The collection of luxury homes keeps surprising us with the range of amenities that high-end homes have to offer. Whether it is a well-equipped wine room, yoga studio, karaoke stage or even a slide, there is always something special for an affluent home buyer.

[Read more…]

Okanagan Real Estate Market Statistics – September 2018

Central Okanagan: Kelowna and Lake Country

There were 180 sales, 1,241 active listings, and a $720,824 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 58.

The condo market featured 94 sales and 536 active listings at the end of the month. The average sale price was $346,102 with 64 average days on market.

Townhome sales were 46, active listings were 385, average sale price was $510,426, and the average days on market were 71.

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

MarketHotSheet_September_2018_CentralOkanagan

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – September 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in September 2018.

North Delta

In the North Delta market, the benchmark sale price was $931,000 for detached homes. At the end of the month, there were 196 active listings and 25 sales.

The condo market had 3 sales and 34 active listings. The benchmark sale price was $429,700.

Townhomes featured 4 sales, 22 active listings and a $571,900 benchmark sale price.

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

MarketHotSheet_September_2018_NorthDelta

[Read more…]

Okanagan Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2018.

Central Okanagan: Kelowna and Lake Country

There were 190 sales, 1,265 active listings, and a $687,413 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 60.

The condo market featured 116 sales and 554 active listings at the end of the month. The average sale price was $354,728 with 60 average days on market.

Townhome sales were 75, active listings were 359, average sale price was $504,574, and the average days on market were 67.

MarketHotSheet_August_2018_CentralOkanagan

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area, the average sale price was $483,666 with an average days on market of 62 days for detached homes. At the end of the month, there were 93 sales and 500 active listings.

There were 14 sales and 78 active listings for condos. The average sale price was $256,089, and the average days on market were 47.

In comparison, townhome featured 32 sales, 138 active listings and a $355,447 average sale price with 68 average days on market.

MarketHotSheet_August_2018_NorthOkanagan

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in August 2018.

Squamish

In August 2018, there were 22 sales of detached homes and 151 active listings in Squamish. The benchmark sale price was $1,000,500 with an average days on market of 80.

The condo market had 16 sales and 46 active listings at the end of the month.  The benchmark sale price was $513,400 with an average days on market of 40.

Townhome sales were 8 sales, active listings were 42. The benchmark sale price was $709,100 and the average days on market were 25.

It’s a seller’s market for condos.

MarketHotSheet_August_2018_Squamish

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in August 2018.

North Delta

In the North Delta market, the benchmark sale price was $949,900 for detached homes. At the end of the month, there were 182 active listings and 30 sales.

The condo market had 4 sales and 34 active listings. The benchmark sale price was $432,400.

Townhomes featured 6 sales, 18 active listings and a $598,700 benchmark sale price.

It’s a seller’s market for townhomes in North Delta.

MarketHotSheet_August_2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – August 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in August 2018.

Greater Victoria

In August 2018, there were 246 sales of single family homes and 890 active listings in Greater Victoria. The benchmark sale price was $766,000 with an average days on market of 39. The hottest markets for sales were Saanich East and Langford with 47 and 54 sales respectively. There were also 14 sales and 173 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 195 sales and 378 active listings at the end of the month. The benchmark sale price was $494,200 with an average days on market of 35. The hottest market for sales was Victoria, 79 sales.

Townhome sales were 59, active listings were 215 and the benchmark sale price was $587,200. The average days on market were 37, and the hottest market was Langford with 20 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_August_2018_Victoria

[Read more…]

Okanagan Real Estate Market Statistics – July 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in July 2018.

Central Okanagan: Kelowna and Lake Country

There were 201 sales, 1,230 active listings, and a $782,398 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 44.

The condo market featured 129 sales and 571 active listings at the end of the month. The average sale price was $343,315 with 49 average days on market.

Townhome sales were 61, active listings were 361, average sale price was $518,211, and the average days on market were 60.MarketHotSheet_July2018_CentralOkanagan

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – July 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in July 2018.

Squamish

In July 2018, there were 21 sales of detached homes and 157 active listings in Squamish. The benchmark sale price was $1,038,600 with an average days on market of 51.

The Condo market had 14 sales and 45 active listings at the end of the month.  The benchmark sale price was $536,300 with an average days on market of 28.

Townhome sales were 12 sales, active listings were 40. The benchmark sale price was $874,200 and the average days on market were 31.

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

MarketHotSheet_July2018_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – July 2018

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

Vancouver-West

In the Vancouver Westside, there were 57 sales of detached homes and 858 active listings at the end of the month. The benchmark sale price was $3,356,500, with average days on market of 54. The hottest markets for sales were Dunbar, Kitsilano and Southlands with 7 sales each.

In comparison, the condo market had 295 sales, 1,203 active listings and a benchmark sale price of $835,200 with an average of 26 days on market. The hottest market for sales was Downtown VW, 55. sales.

Townhome sales were 39, active listings were 198. The benchmark sale price was $1,288,600 with an average days on market of 29. Kitsilano with 8 sales was the hottest market of the month.

It’s a buyer’s market for houses in Vancouver-West.

MarketHotSheet_July2018_VancouverWest

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – July 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in July 2018.

North Delta

In the North Delta market, the benchmark sale price was $949,200 for detached homes. At the end of the month, there were 208 active listings and 34 sales.

The condo market had 2 sales and 29 active listings. The benchmark sale price was $434,700.

Townhomes featured 6 sales, 18 active listings and a $642,300 benchmark sale price.

It’s a seller’s market for townhomes in North Delta.

MarketHotSheet_July_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – July 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in July 2018.

Greater Victoria

In July 2018, there were 285 sales of single family homes and 926 active listings in the Greater Victoria. The benchmark sale price was $741,000 with an average days on market of 36. The hottest markets for sales were Saanich East and Langford with 60 and 48 sales respectively. There were also 15 sales and 180 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 188 sales, 420 active listings at the end of the month.  The benchmark sale price was $485,200 with an average days on market of 32. The hottest market for sales was Victoria, 70 sales.

Townhome sales were 67, active listings were 192 and the benchmark sale price was $586,100. The average days on market were 42, and the hottest market was Langford with 19 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_July_Victoria

[Read more…]

How to Buy in Vancouver

First, you’ll want to understand the taxes you’re going to pay

It is impossible to think about buying in Vancouver as a foreigner without considering the now- infamous tax on foreign buyers and speculators introduced in 2016 to make housing in the region more affordable and cool down an extremely hot market.

In Vancouver, foreigners pay a 20% tax on top of the purchase price. The tax was introduced because of the perception that Vancouver, the most expensive market in Canada, was becoming a parking ground for global capital.

Now approaching the end of the second year, many say the tax has not had its intended effect. Jerry Wang, of MacDonald Realty, a luxury brokerage in Vancouver, said that although the tax slowed the market at the beginning, foreign buyers are back in the game.

The largest island offers proximity to a 180-mile long For the luxury “Buyers can get a mortgage fairly easily, and relatively speaking, the price point for the Vancouver area is still very reasonable,” Mr. Wang said, compared to other large cities around the world.

He said his clients have just shifted to a slightly lower price bracket to account for the tax, and are still “buying at a discount.” They also still buy at the high end. “This year we have seen so many properties over C$10 million (US$7.7 million) sold in Vancouver,” he said. “Most of them are to Chinese families still wanting to be here.”

Because of the tax, he added, it is “properties in the middle that are suffering,” referring to those in the “affordable luxury” range.

[Read more…]

Big Fat Deal: $11 Million to be a Minimalist in Kerrisdale

BigFatDealKerrisdale

Each week, BCBusiness takes you inside one of the most outrageously upmarket real estate offerings in the province

Address: 6485 Cedarhurst Street, Kerrisdale

Price: $10,998,000

Listing: R2234536

The skinny: Five-bedroom, seven-bathroom, 6,481-square-foot house on a 15,847-square-foot lot in Kerrisdale.

The bling: OK, it’s time to get with the times and leave the frou-frou behind. Yes, we know you love your frills and fancies, your chintz and your shag, but being a person of high net worth brings with it responsibilities. What? This is news to you? Don’t panic, we aren’t coming after your non-declared income or your shady shell companies. There’s no shorting your market up our sleeves, honest. We just think you should be aware that if you really want to look good around town right now, you should try living in a sleek, modern box with sliding windows for walls and (extremely expensive) natural materials that downplay your wealth rather than all that Italian marble and Svarowski crystal you’ve been bedecking your space with for decades. Seriously, dude, minimalism shows you’ve got so much money to burn you don’t have to prove it. You can clad your walls with wood and shower among lumps of raggedy rock, and people will think you have style. Sure, the through draft of indoor/outdoor living and that fabulous skinny pool are only really of value maybe two months of a Vancouver year, but that in itself shows your reserves are bottomless. And anyway, a dozen more patio heaters screwing up the environment isn’t your problem. Right? Rich people responsible? We were only joking.

The hidden extras: Wok room, media room, wine cellar, gym, air conditioning (because you might not want to, you know, open one of those great big wall windows and you deserve to live in a climate-controlled world).

This article was originally posted on BCBusiness on May 17, 2018. Written by Fiona Morrow 

 

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – June 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in June 2018.

Squamish

In June 2018, there were 11 sales of detached homes and 156 active listings in Squamish. The benchmark sale price was $1,039,000 with an average days on market of 49.

The Condo market had 14 sales and 52 active listings at the end of the month.  The benchmark sale price was $530,300 with an average days on market of 57.

Townhome sales were 13 sales, active listings were 39. The benchmark sale price was $899,800 and the average days on market were 23.

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

MarketHotSheet_June2018_Squamish

[Read more…]

Okanagan Real Estate Market Statistics – June 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in June  2018.

Central Okanagan: Kelowna and Lake Country

There were 228 sales, 1,195 active listings, and a $717,720 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 42.

The condo market featured 122 sales and 551 active listings at the end of the month. The average sale price was $359,860 with 40 average days on market.

Townhome sales were 72, active listings were 341, average sale price was $501,989, and the average days on market were 51.

MarketHotSheet_June2018_CentralOkanagan

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – June 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in June 2018.

North Delta

In the North Delta market, the benchmark sale price was $957,800 for detached homes. At the end of the month, there were 220 active listings and 32 sales.

The condo market had 6 sales and 21 active listings. The benchmark sale price was $433,200.

Townhomes featured 7 sales, 21 active listings and a $627,700 benchmark sale price.

It’s a seller’s market for condos and townhomes in North Delta.

MarketHotSheet_June2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – June 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in June 2018.

Greater Victoria

In June 2018, there were 292 sales of single family homes and 920 active listings in the Greater Victoria. The benchmark sale price was $745,100 with an average days on market of 29. The hottest markets for sales were Saanich East and Langford with 51 and 60 sales respectively. There were also 12 sales and 169 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 230 sales, 445 active listings at the end of the month.  The benchmark sale price was $486,100 with an average days on market of 28. The hottest market for sales was Victoria, 89 sales.

Townhome sales were 81, active listings were 195 and the benchmark sale price was $594,300. The average days on market were 26, and the hottest market was Langford with 14 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_June2018_Victoria

[Read more…]

Luxury Homes Collection Magazine – Summer 2018

New Summer edition of Macdonald Realty’s Luxury Homes Collection has arrived!

For the six consecutive years the magazine has been featuring a wide variety of luxury properties from all over the province. The collection of luxury homes keeps surprising us with the range of amenities that high-end homes have to offer. Whether it is a well-equipped wine room, yoga studio, karaoke stage or even a slide, there is always something special for an affluent home buyer.

The cover story of this edition is an oceanfront beach home in Victoria Cordova Bay with a 180-degree view and floor to ceiling windows to enjoy the waterfront scenery. The home has an array of amenities to make you feel on a retreat, including spa inspired shower, smart wired indoor and outdoor sound system, media room with wet and of course private sandy beach.

Grab your copy of the magazine, both print and digital versions are available now.

Summer2018coverthumb

click cover image to view magazine

CLICK HERE to view the digital edition on your computer or tablet

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – May 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in May 2018.

Squamish

In May 2018, there were 15 sales of detached homes and 150 active listings in Squamish. The benchmark sale price was $1,042,900 with an average days on market of 35.

The Condo market had 25 sales and 54 active listings at the end of the month.  The benchmark sale price was $516,800 with an average days on market of 21.

Townhome sales were 15 sales, active listings were 30. The benchmark sale price was $935,000 and the average days on market were 15.

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

MarketHotSheet_April2018_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – May 2018

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

Vancouver-West

In the Vancouver Westside, there were 91 sales of detached homes and 898 active listings at the end of the month. The benchmark sale price was $3,430,500, with average days on market of 39. The hottest markets for sales were Point Grey and Cambie with 10 sales each and and Dunbar with 12 sales.

In comparison, the condo market had 359 sales, 1,149 active listings and a benchmark sale price of $845,400 with an average of 16 days on market. The hottest market for sales was Downtown VW, 71 sales.

Townhome sales were 42, active listings were 215. The benchmark sale price was $1,304,500 with an average days on market of 26. Fairview VW with 10 sales was the hottest market of the month.

It’s a seller’s market for condos in Vancouver-West.

MarketHotSheet_May2018_VancouverWest

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – May 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in May 2018.

North Delta

In the North Delta market, the benchmark sale price was $958,500 for detached homes. At the end of the month, there were 200 active listings and 38 sales.

The condo market had 8 sales and 24 active listings. The benchmark sale price was $433,400.

Townhomes featured 9 sales, 17 active listings and a $610,000 benchmark sale price.

It’s a seller’s market for condos and townhomes in North Delta.

MarketHotSheet_April2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – May 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in May 2018.

Greater Victoria

In May 2018, there were 333 sales of single family homes and 803 active listings in the Greater Victoria. The benchmark sale price was $738,500 with an average days on market of 26. The hottest markets for sales were Saanich East and Langford with 67 and 52 sales respectively. There were also 21 sales and 60 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 237 sales, 445 active listings at the end of the month.  The benchmark sale price was $485,600 with an average days on market of 24. The hottest market for sales was Victoria, 93 sales.

Townhome sales were 72, active listings were 165 and the benchmark sale price was $592,300. The average days on market were 22, and the hottest market was Langford with 20 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_April2018_Victoria

[Read more…]

Okanagan Real Estate Market Statistics – April 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2018.

Central Okanagan: Kelowna and Lake Country

There were 225 sales, 919 active listings, and a $726,926 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 50.

The condo market featured 129 sales and 464 active listings at the end of the month. The average sale price was $362,600 with 41 average days on market.

Townhome sales were 76, active listings were 268, average sale price was $492,929, and the average days on market were 58.

MarketHotSheet_April2018_CentralOkanagan

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – April 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in April 2018.

Squamish

In April 2018, there were 24 sales of detached homes and 125 active listings in Squamish. The benchmark sale price was $1,024,900 with an average days on market of 36.

The Condo market had 12 sales and 51 active listings at the end of the month.  The benchmark sale price was $544,400 with an average days on market of 31.

Townhome sales were 16 sales, active listings were 21. The benchmark sale price was $937,800 and the average days on market were 18.

It’s a seller’s market for townhomes.

MarketHotSheet_April2018_Squamish

[Read more…]

Greater Vancouver Real Estate Market Statistics – April 2018

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

Vancouver-West

In the Vancouver Westside, there were 71 sales of detached homes and 874 active listings at the end of the month. The benchmark sale price was $3,404,200, with average days on market of 50. The hottest markets for sales were Point Grey and Dunbar with 10 and 11 sales respectively.

In comparison, the condo market had 351 sales, 928 active listings and a benchmark sale price of $841,700 with an average of 19 days on market. The hottest market for sales was Downtown VW, 72 sales.

Townhome sales were 42, active listings were 169. The benchmark sale price was $1,302,200 with an average days on market of 21. Kitsilano with 12 sales was the hottest market of the month.

It’s a seller’s market for condos and townhomes in Vancouver-West.

MarketHotSheet_April2018_VancouverWest

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – April 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in April 2018.

North Delta

In the North Delta market, the benchmark sale price was $944,800 for detached homes. At the end of the month, there were 160 active listings and 36 sales.

The condo market had 8 sales and 15 active listings. The benchmark sale price was $424,500.

Townhomes featured 10 sales, 12 active listings and a $604,800 benchmark sale price.

It’s a seller’s market for condos and townhomes in North Delta.

MarketHotSheet_April2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – April 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in April 2018.

Greater Victoria

In April 2018, there were 348 sales of single family homes and 654 active listings in the Greater Victoria. The benchmark sale price was $732,600 with an average days on market of 24. The hottest markets for sales were Saanich East and Sooke with 69 and 50 sales respectively. There were also 28 sales and 47 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 225 sales, 377 active listings at the end of the month.  The benchmark sale price was $485,000 with an average days on market of 21. The hottest market for sales was Victoria, 89 sales.

Townhome sales were 74, active listings were 119 and the benchmark sale price was $575,600. The average days on market were 32, and the hottest market was Langford with 22 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_April2018_Victoria

[Read more…]

Greater Vancouver Real Estate Market Statistics – March 2018

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

Vancouver – West

In the Vancouver Westside, there were 54 sales of detached homes and 800 active listings at the end of the month. The benchmark sale price was $3,449,000, with average days on market of 37. The hottest markets for sales were Kitsliano and Dunbar with 11 and 8 sales respectively.

In comparison, the condo market had 352 sales, 719 active listings and a benchmark sale price of $844,700 with an average of 18 days on market. The hottest market for sales was Downtown VW, 72 sales.

Townhome sales were 31, active listings were 142. The benchmark sale price was $3,449,000 with an average days on market of 16. Fairview VW with 6 sales was the hottest market of the month.

It’s a seller’s market for condos in Vancouver-West.

MarketHotSheet_March2018_VancouverWest

[Read more…]

Okanagan Real Estate Market Statistics – March 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2018.

Central Okanagan: Kelowna and Lake Country

There were 183 sales, 801 active listings, and a $734,197 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 53.

The condo market featured 129 sales and 416 active listings at the end of the month. The average sale price was $364,062 with 42 average days on market.

Townhome sales were 63, active listings were 244, average sale price was $499,413, and the average

MarketHotSheet_March2018_CentralOkanagan

[Read more…]

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – March 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in March 2018.

Squamish

In March 2018, there were 25 sales of detached homes and 113 active listings in Squamish. The benchmark sale price was $1,006,100 with an average days on market of 47.

The Condo market had 8 sales and 32 active listings at the end of the month.  The benchmark sale price was $491,000 with an average days on market of 19.

Townhome sales were 14, active listings were 18. The benchmark sale price was $851,300, and the average days on market were 16.

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

MarketHotSheet_March2018_Squamish

[Read more…]

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – March 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in March 2018.

North Delta

In the North Delta market, the benchmark sale price was $950,200 for detached homes. At the end of the month, there were 119 active listings and 42 sales.

The condo market had 6 sales and 15 active listings. The benchmark sale price was $425,900.

Townhomes featured 3 sales, 16 active listings and a $591,300 benchmark sale price.

It’s a seller’s market for condos and single family homes in North Delta.

MarketHotSheet_March2018_NorthDelta

[Read more…]

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – March 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 2018.

Greater Victoria

In March 2018, there were 287 sales of single family homes and 549 active listings in the Greater Victoria. The benchmark sale price was $724,000 with an average days on market of 31. The hottest market for sales was Saanich East and Langford with 64 and 53 sales respectively. There were also 10 sales and 36 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 211 sales, 311 active listings at the end of the month.  The benchmark sale price was $479,000 with an average days on market of 21. The hottest market for sales was Victoria, 81 sales.

Townhome sales were 92, active listings were 84 and the benchmark sale price was $567,700. The average days on market were 28, and the hottest market was Langford with 22 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_March2018_Victoria

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Luxury Homes Collection Magazine – Spring 2018

CoverOur Luxury Homes Collection Magazine has reached its sixth year of production and continues to showcase fantastic properties from across our regions in British Columbia. We are proud to present this Spring 2018 edition featuring a diverse range of specialized homes, luxury living and custom details, there is something for everyone.

It’s been interesting to observe all the changes in ever-evolving BC real estate industry and how the market was able to adjust to the numerous shifts. These changes will likely continue to happen in 2018 as well with the new government policies, advancement of the industry standards and the economy itself. Only time will tell the impact of the new property tax rate on the real estate luxury market and the industry on the whole.

Read the inside cover message from our CEO Lynn Hsu and her insights on the market trends and how Macdonald Real Estate Group showcased outstanding growth and an incredible number of sales over the years. We are inspired for another great year of new achievements and success for our clients, realtors, staff and management teams.

Our Cover Story is a custom designed modern dream home in Vancouver Point Grey. This contemporary home is a collective effort of designers and landscapers featuring open-space concept, simple yet elegant details and quality of materials. Among the modern amenities are; covered and outdoor patios, infinity pool, entertainment room and gym, private yards and in-home hi-tech systems. Conveniently located in a close proximity to renowned private schools, UBC and golf course.

CLICK HERE to view the digital edition on your computer or tablet

Luxury Brokers in Vancouver Wary as Property Taxes Hiked | Mansion Global

Parliament

Vancouver’s luxury market, already experiencing a downturn since 2016, will likely take another hit with the introduction of higher tax rates for foreign and luxury home buyers, experts say.

The provincial government of British Columbia on Tuesday announced a basket of measures as part of its 2018 budget; among them was a hike, effective immediately, on property transfer taxes for foreign buyers and buyers of $3-million-plus homes (US$2.36 million and above).

Starting Wednesday, tax rates for foreign buyers were raised to 20% from 15%, while all C$3-million-plus home purchasers must now pay 5%, instead of the current 3% property transfer tax.

Not only will these taxes be applied to homes in Metro Vancouver, but they’ll also be levied in the Capital Regional District, the Fraser Valley, the Central Okanagan and the Nanaimo Regional District.

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Greater Vancouver Real Estate Market Statistics – January 2018

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

Vancouver

In the Vancouver Westside, there were 46 sales of detached homes and 672 active listings at the end of the month. The benchmark sale price was $3,548,400, with an average days on market of 68. The hottest markets for sales were Dunbar and Point Grey with 8 sales each.

In comparison, the condo market had 245 sales, 579 active listings and a benchmark sale price of $812,400 with an average of 28 days on market. The hottest market for sales was Downtown VW, 54 sales.

Townhome sales were 18, active listings were 105. The benchmark sale price was $1,247,900 with an average days on market of 26. Yaletown with 6 sales was the hottest market of the month.

It’s a seller’s market for condos.

MarketHotSheet_January2018_Vancouver-West

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Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in January 2018.

Squamish

In January 2018, there were 6 sales of detached homes and 99 active listings in Squamish. The benchmark sale price was $1,003,000 with an average days on market of 104.

The Condo market had 6 sales and 27 active listings at the end of the month. The benchmark sale price was $490,400 with an average days on market of 28.

Townhome sales were 9, active listings were 18. The benchmark sale price was $786,900, and the average days on market were 34.

It’s a buyer’s market for houses.

MarketHotSheet_January2018_Squamish

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Okanagan Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2018.

Central Okanagan: Kelowna and Lake Country

There were 143 sales, 609 active listings, and a $699,352 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 75.

The condo market featured 110 sales and 284 active listings at the end of the month. The average sale price was $322,183 with 65 average days on market.

Townhome sales were 37, active listings were 157, average sale price was $446,054, and the average days on market were 69.

MarketHotSheet_January2018_CentralOkanagan

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North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in January 2018.

North Delta

In the North Delta market, the benchmark sale price was $941,000 for detached homes. At the end of the month, there were 101 active listings and 20 sales.

The condo market had 10 sales and 14 active listings. The benchmark sale price was $375,000.

Townhomes featured 4 sales, 10 active listings and a $561,400 benchmark sale price.

It’s a seller’s market in North Delta for Condos and Townhomes.

MarketHotSheet_January2018_NorthDelta

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in January 2018.

Greater Victoria

In January 2018, there were 175 sales of single family homes and 429 active listings in the Greater Victoria. The benchmark sale price was $702,200 with an average days on market of 42. The hottest market for sales was Langford with 32 sales. There were also 12 sales and 90 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 118 sales, 229 active listings at the end of the month.  The benchmark sale price was $450,600 with an average days on market of 23. The hottest market for sales was Victoria, 43 sales.

Townhome sales were 62, active listings were 94 and the benchmark sale price was $567,400. The average days on market were 46, and the hottest market was Langford with 17 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_January2018_GreaterVictoria

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