What are the Top 25 Greater Vancouver neighbourhoods to buy real estate according to MoneySense?

Yes, good value real estate is possible in Vancouver.

moneysensevancouverIn April 2017, in their annual Where to Buy Now coverage MoneySense.ca selected their top Greater Vancouver neighbourhoods to buy real estate to see the best return on investment.

What’s a buyer to do? The best way is to buy based on solid fundamentals. In real estate this means finding good-value neighbourhoods that offer a good chance of continued momentum in the future. That’s not easy in a hot market, but this year’s Where to Buy Vancouver list shows it is possible.   Read the rest of the article here. 

We’ve rounded up homes for sale in each of these Where to Buy neighbourhoods to make it easy for you.

The top 25 Greater Vancouver neighbourhoods for Buyers, according to MoneySense are:

  1. Cedardale, West Vancouver

  2. Port Moody Centre, Port Moody

  3. Lower Lonsdale, North Vancouver

  4. Pemberton NV, North Vancouver

  5. Glenmore, West Vancouver

  6. Glenayre, Port Moody

  7. River Springs, Coquitlam

  8. Cypress Park Estates, West Vancouver

  9. Edmonds BE, Burnaby

  10. Meadow Brook, Coquitlam

  11. Cape Horn, Coquitlam

  12. Hastings, Vancouver East

  13. Horseshoe Bay WV, West Vancouver

  14. Burke Mountain, Coquitlam

  15. Norgate, North Vancouver

  16. Eagle Harbour, West Vancouver

  17. Sapperton, New Westminster

  18. Ambleside, West Vancouver

  19. Mountain Meadows, Port Moody

  20. Steveston Village, Richmond

  21. Queensbury, North Vancouver

  22. Renfrew VE, Vancouver East

  23. Mount Pleasant VE, Vancouver East

  24. Windsor Park NV, North Vancouver

  25. Westwind, Richmond

To view all active listings currently for sale in one of these areas simply click the neighbourhood links above or call our head office at 1-877-278-3888 to be matched to an expert real estate agent in the area of your choosing.

MoneySense names top Vancouver neighbourhoods to buy real estate

While not cheap, these are great options in a crazy market…

Renfew detached home

Renfew detached home

In their April 2016 edition MoneySense magazine selected their top Vancouver neighbourhoods to buy real estate to see the best return on investment.

 After analyzing more than 200 neighbourhoods, we found several communities that offer a chance for future appreciation, all of which have average prices above $1 million. In ­­Ambleside in West Vancouver—our top neighbourhood—a single detached home sold for an average of $2.25 million last year. Even at these prices, homes are still about 14% cheaper, on average, compared to surrounding communities. Moreover, these top neighbourhoods boast a 68% average five-year return—compared to the city’s 51% return for the same time period. While not cheap, our top picks are great options in a crazy market. See the full rankings below.  Read the rest of the article here. 

The top 10 Metro Vancouver neighbourhoods to look for well-priced homes, according to MoneySense are:

Brentwood Park condo

Brentwood Park condo

  1. Ambleside, West Vancouver

  2. Brentwood Park, Burnaby

  3. Hastings, East Vancouver

  4. New Horizons, Coquitlam

  5. Renfrew, East Vancouver

  6. Vancouver Heights, Burnaby

  7. Victoria, East Vancouver

  8. Mount Pleasant, East Vancouver

  9. Ladner Elementary, Ladner

  10. Sapperton, New Westminster

To view all active listings in one of these areas simply click the neighbourhood links above.

 

Greater Vancouver Real Estate Market Statistics – February 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 February 2016.

 

Vancouver

In the Vancouver Westside, there were 226 sales of detached homes and 591 active listings at the end of February. The benchmark sale price was $3,003,800, with an average days on market of 20. The hottest market for sales was Dunbar with 40 sales.

In comparison, the condo market had 551 sales, 802 active listings and a benchmark sale price of $624,800 with 24 average days on market. The hottest market for sales was Downtown VW, 152 sales.

Townhome sales were 56, active listings were 86. The benchmark sale price was $907,200 with an average days on market of 31. Kitsilano, 10 sales, was the hottest market for sales in February.

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

MarketHotSheet_Feb2016_VanWest
The Vancouver Eastside had 168 sales and 349 active listings for detached homes at the end of the month. The benchmark sales price was $1,265,800, and the average days on market were 19. The hottest sales market was Grandview VE with 22 sales.

The condo market featured 140 sales240 active listing, and a benchmark sales price was $385,300. The average days on market were 24 days, and the hottest market for sales was Mount Pleasant VE with 40 sales.

The townhome market, on the other hand, had 25 sales and 30 active listings. The benchmark sale price was $683,600 with 22 average days on market. Champlain Heights and Mount Pleasant had the most sales in February at 5 each.

MarketHotSheet_Feb2016_VanEast

 

North Shore

In February, the North Vancouver market had 159 sales and 210 active listings for detached homes. The benchmark sale price was $1,382,000 with an average days on market of 16. Upper Lonsdale, 24 sales, had the most sales activity.

There were 129 sales and 173 active listings for condos. The benchmark sale price was $399,000 with 25 average days on market. The neighbourhood of Lower Lonsdale with 43 sales was the hottest sales market.

Townhome sales were 42active listings were 46, the benchmark sale price was $728,200, and the average days on market were 22. Hamilton with 5 sales had the most sales activity.

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

MarketHotSheet_Feb2016_NorthVan
The West Vancouver market had 141 sales and 388 active listings for detached homes. The benchmark sale price was $2,710,500 with 29 average days on market. Ambleside with 26 sales was the neighbourhoods with the most sales activity.

Condo sales were 17 and active listings were 85 at the end of the month. The benchmark sales price was $761,600 with an average days on market of 38. Same as detached homes, Ambleside had the most sales in February at 11.

In comparison, townhome market had 3 sales and 6 active listings; the average days on market were 29.

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

MarketHotSheet_Feb2016_WestVan

 

Tri Cities

In the Coquitlam market, there were 177 sales and 232 active listings for detached homes at the end of February. The benchmark sale price was $1,006,900, and the average days on market were 25. Burke Mountain and Central Coquitlam, with 35 sales each, experienced the most sales activity.

The condo market had 136 sales and 170 active listings. The benchmark sale price was $312,700 with 31 average days on market. The hottest market for sales was North Coquitlam, 60 sales.

Townhome featured 52 sales and 45 active listings. The benchmark sales price was $471,500 with an average days on market of 16. Burke Mountain, 21 sales, was the neighbourhood with the most sales activity.

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

MarketHotSheet_Feb2016_Coquitlam
The Port Coquitlam had 80 sales and 61 active listings for detached homes. The benchmark sale price was $776,800 with an average days on market of 12. Glenwood PQ with 20 sales experienced the most sales activity of the month.

Condo featured 76 sales96 active listings, a $263,500 benchmark sales price, and 23 average days on market. Central Pt Coquitlam had the most sales activity at 67.

In comparison, townhome had 30 sales and 36 active listings. The benchmark sales price was $462,500 with an average days on market of 15. Riverwood was the hottest market with 12 sales.

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

MarketHotSheet_Feb2016_PortCoquitlam
There were 31 sales and 64 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,164,800, and the average days on market were 29. Heritage Mountain had the most sales activity of 7.

The condo market featured 34 sales49 active listings$413,000 benchmark sale price, and 21 average days on market. Port Moody Centre, 23 sales, had most sales activity.

In comparison, townhome sales were 15active listings were 12 and the benchmark sale price was $526,100. The average days on market were 12, and Heritage Woods PM with 4 sales was the hottest market for sales.

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

MarketHotSheet_Feb2016_PortMoody
The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_Feb2016_BurnabyEast

 

Burnaby North

MarketHotSheet_Feb2016_BurnabyNorth

 

Burnaby South

MarketHotSheet_Feb2016_BurnabySouth

 

New Westminster

MarketHotSheet_Feb2016_NewWest

 

Richmond

MarketHotSheet_Feb2016_Richmond

 

Maple Ridge

MarketHotSheet_Feb2016_MapleRidge

 

Ladner

MarketHotSheet_Feb2016_Ladner

 

Tsawwassen

MarketHotSheet_Feb2016_Tsawwassen

 

Pitt Meadows

MarketHotSheet_Feb2016_PittMeadows

 

Bowen Island

MarketHotSheet_Feb2016_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
Categories:

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

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Greater Vancouver Real Estate Market Statistics – December 2015

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 December 2015.

Vancouver

In the Vancouver Westside, there were 135 sales of detached homes and 376 active listings at the end of December. The benchmark sale price was $2,885,000, with an average days on market of 42. The hottest market for sales was Dunbar with 24 sales.

In comparison, the condo market had 336 sales, 593 active listings and a benchmark sale price of $590,400 with 41 average days on market. The hottest market for sales was Downtown VW, 72 sales.

Townhome sales were 39, active listings were 79. The benchmark sale price was $897,400 with an average days on market of 35. Kitsilano, 10 sales, was the hottest market for sales in December.

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

Dec2015_VanWest

The Vancouver Eastside had 122 sales and 229 active listings for detached homes at the end of the month. The benchmark sales price was $1,222,900, and the average days on market were 28. The hottest sales market was South Vancouver with 18 sales.

The condo market featured 108 sales, 171 active listing, and a benchmark sales price was $364,500. The average days on market were 36 days, and the hottest market for sales was Mount Pleasant with 30 sales.

The townhome market, on the other hand, had 19 sales and 25 active listings. The benchmark sale price was $651,200 with 39 average days on market. Champlain Heights had the most sales in December at 7.

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

Dec2015_VanEast

[Read more…]