Greater Vancouver Real Estate Market Statistics – October 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in October 2017.

Vancouver

In the Vancouver Westside, there were 108 sales of detached homes and 852 active listings at the end of the month. The benchmark sale price was $3,626,300, with an average days on market of 49. The hottest market for sales was Dunbar with 16 sales.

In comparison, the condo market had 393 sales, 769 active listings and a benchmark sale price of $806,500 with an average of 21 days on market. The hottest market for sales was Downtown VW, 90 sales.

Townhome sales were 45, active listings were 136. The benchmark sale price was $1,265,100 with an average days on market of 29. Kitsliano with 15 sales was the hottest market of the month.

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

MarketHotSheet_October2017_VanWest

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Greater Vancouver Real Estate Market Statistics – September 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in September 2017.

Vancouver

In the Vancouver Westside, there were 74 sales of detached homes and 871 active listings at the end of the month. The benchmark sale price was $3,653,500, with an average days on market of 59. The hottest market for sales was Dunbar with 12 sales.

In comparison, the condo market had 403 sales, 757 active listings and a benchmark sale price of $796,100 with an average of 26 days on market. The hottest market for sales was Downtown VW, 96 sales.

Townhome sales were 58, active listings were 129. The benchmark sale price was $1,265,100 with an average days on market of 29. Fairview VW and Kitsliano with 12 sales each were the hottest markets of the month.

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

MarketHotSheet_September2017_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – August 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in August 2017.

Vancouver

In the Vancouver Westside, there were 52 sales of detached homes and 789 active listings at the end of the month. The benchmark sale price was $3,654,500, with an average days on market of 36. The hottest market for sales was Dunbar with 12 sales.

In comparison, the condo market had 407 sales, 698 active listings and a benchmark sale price of $787,400 with an average of 21 days on market. The hottest market for sales was Downtown VW, 103 sales.

Townhome sales were 47, active listings were 136. The benchmark sale price was $1,254,200 with an average days on market of 22. Fairview VW and Kitsliano with 11 sales each were the hottest markets in August.

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

MarketHotSheet_August2017_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – July 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in July 2017.

Vancouver

In the Vancouver Westside, there were 74 sales of detached homes and 768 active listings at the end of the month. The benchmark sale price was $3,666,200, with an average days on market of 36. The hottest markets for sales were Dunbar and South Granville with 9 sales each.

In comparison, the condo market had 397 sales, 797 active listings and a benchmark sale price of $783,700 with an average of 17 days on market. The hottest market for sales was Downtown VW, 100 sales.

Townhome sales were 40, active listings were 146. The benchmark sale price was $1,232,000 with an average days on market of 14. Fairview VW with 9 sales was the hottest market in July.

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

MarketHotSheet_July2017_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – June 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in June 2017.

Vancouver

In the Vancouver Westside, there were 114 sales of detached homes and 744 active listings at the end of the month. The benchmark sale price was $3,627,200, with an average days on market of 29. The hottest markets for sales were Dunbar and Kitsilano with 17 sales each.

In comparison, the condo market had 462 sales, 685 active listings and a benchmark sale price of $772,900 with an average of 17 days on market. The hottest market for sales was Downtown VW, 96 sales.

Townhome sales were 61, active listings were 119. The benchmark sale price was $1,211,600 with an average days on market of 19. Fairview VW with 14 sales was the hottest market in June.

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

MarketHotSheet_June2017_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – May 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in May 2017.

Vancouver

In the Vancouver Westside, there were 188 sales of detached homes and 635 active listings at the end of the month. The benchmark sale price was $3,588,300, with an average days on market of 42. The hottest market for sales was Kitsilano with 25 sales.

In comparison, the condo market had 528 sales, 664 active listings and a benchmark sale price of $737,500 with an average of 20 days on market. The hottest market for sales was Downtown VW, 112 sales.

Townhome sales were 67, active listings were 110. The benchmark sale price was $1,154,200 with an average days on market of 24. Kitsilano with 19 sales was the hottest market in May.

It’s a seller’s market for all product types.

MarketHotSheet_May2017_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in April 2017.

Vancouver

In the Vancouver Westside, there were 111 sales of detached homes and 627 active listings at the end of the month. The benchmark sale price was $3,495,800, with an average days on market of 51. The hottest market for sales was Dunbar with 18 sales.

In comparison, the condo market had 441 sales, 641 active listings and a benchmark sale price of $718,400 with an average of 21 days on market. The hottest market for sales was Downtown VW, 101 sales.

Townhome sales were 57, active listings were 114. The benchmark sale price was $1,124,600 with an average days on market of 21. Fairview VW with 13 sales was the hottest market in April.

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

MarketHotSheet_April2017_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – March 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in March 2017.

Vancouver

In the Vancouver Westside, there were 95 sales of detached homes and 595 active listings at the end of March. The benchmark sale price was $3,461,700, with an average days on market of 35. The hottest market for sales was Dunbar with 23 sales.

In comparison, the condo market had 455 sales, 656 active listings and a benchmark sale price of $692,400 with an average of 24 days on market. The hottest market for sales was Downtown VW, 109 sales.

Townhome sales were 57, active listings were 111. The benchmark sale price was $1,079,100 with an average days on market of 57. Fairview VW with 13 sales was the hottest market in March.

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

MarketHotSheet_March2017_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in February 2017.

Vancouver

In the Vancouver Westside, there were 93 sales of detached homes and 602 active listings at the end of February. The benchmark sale price was $3,422,700, with an average days on market of 35. The hottest market for sales was Dunbar with 18 sales.

In comparison, the condo market had 368 sales, 686 active listings and a benchmark sale price of $688,400 with an average of 21 days on market. The hottest market for sales was Downtown VW, 85 sales.

Townhome sales were 32, active listings were 108. The benchmark sale price was $1,069,800 with an average days on market of 24. Kitsilano with 8 sales was the hottest market in February.

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

MarketHotSheet_February2017_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Vancouver listings and sales in January 2017.

Vancouver

In the Vancouver Westside, there were 37 sales of detached homes and 595 active listings at the end of January. The benchmark sale price was $3,419,800, with an average days on market of 51. The hottest market for sales was Point Grey with 9 sales.

In comparison, the condo market had 213 sales, 691 active listings and a benchmark sale price of $662,400 with an average of 33 days on market. The hottest market for sales was Downtown VW, 54 sales.

Townhome sales were 19, active listings were 87. The benchmark sale price was $1,066,700 with an average days on market of 28. Kitsilano with 5 sales was the hottest market in January.

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

MarketHotSheet_January2017_VanWest

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Greater Vancouver Real Estate Market Statistics – December 2016

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

Vancouver

In the Vancouver Westside, there were 64 sales of detached homes and 402 active listings at the end of December. The benchmark sale price was $3,443,100, with an average days on market of 48. The hottest market for sales was Dunbar with 14 sales.

In comparison, the condo market had 238 sales, 549 active listings and a benchmark sale price of $666,800 with an average of 34 days on market. The hottest market for sales was Downtown VW, 67 sales.

Townhome sales were 20, active listings were 69. The benchmark sale price was $1,061,500 with an average days on market of 35. Kitsilano with 6 sales was the hottest market in December.

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

Vancouver real estate market stats

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Greater Vancouver Real Estate Market Statistics – November 2016

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

Vancouver

In the Vancouver Westside, there were 69 sales of detached homes and 586 active listings at the end of November. The benchmark sale price was $3,521,000, with an average days on market of 48. The hottest market for sales was Point Grey with 13 sales.

In comparison, the condo market had 296 sales, 831 active listings and a benchmark sale price of $686,300 with 26 average days on market. The hottest market for sales was Downtown VW, 71 sales.

Townhome sales were 37, active listings were 111. The benchmark sale price was $1,089,300 with an average days on market of 20. Kitsilano with 7 sales was the hottest market in November.

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

MarketHotSheet_November2016_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – October 2016

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

Vancouver

In the Vancouver Westside, there were 79 sales of detached homes and 650 active listings at the end of October. The benchmark sale price was $3,569,700, with an average days on market of 39. The hottest market for sales was Kitsilano with 10 sales.

In comparison, the condo market had 301 sales, 939 active listings and a benchmark sale price of $680,100 with 26 average days on market. The hottest market for sales was Downtown VW, 74 sales.

Townhome sales were 24, active listings were 140. The benchmark sale price was $1,123,800 with an average days on market of 24. Kitsilano with 5 sales was the hottest market in October.

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

MarketHotSheet_October2016_VanWest

[Read more…]

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

[Read more…]

Greater Vancouver Real Estate Market Statistics – August 2016

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

Vancouver

In the Vancouver Westside, there were 63 sales of detached homes and 634 active listings at the end of August. The benchmark sale price was $3,617,400, with an average days on market of 30. The hottest markets for sales were Dunbar and South Granville with 9 sales each.

In comparison, the condo market had 344 sales, 829 active listings and a benchmark sale price of $691,900 with 17 average days on market. The hottest market for sales was Downtown VW, 81 sales.

Townhome sales were 38, active listings were 87. The benchmark sale price was $1,107,000 with an average days on market of 15. Fairview VW and Kitsilano with 8 sales each were the hottest markets in August.

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

MarketHotSheet_August2016_VanWest

[Read more…]

Housing tax not as painful in Maple Ridge | Maple Ridge News

Currently, the real estate industry is in the middle of its usual summer slowdown. - Phil Melnychuk/THE NEWS

Currently, the real estate industry is in the middle of its usual summer slowdown. — Image Credit: Phil Melnychuk/THE NEWS

Slapping another 15-per-cent sales tax on homes to foreign buyers could cool the red-hot real estate market in higher priced areas of Richmond or Vancouver, but it might take longer to learn of any effect in Maple Ridge and Pitt Meadows.

The announcement by the B.C. government last week saw a rush to complete deals by the Aug. 2 deadline, but Tom Garvey, managing broker with Macdonald Realty, says it will be at least a month before the full effect of the tax is known in Maple Ridge.

“There’s not a huge amount of foreign buyers who are coming out to Maple Ridge,” said Garvey, who said he hasn’t noticed any effect so far in the local market.

But it’s early yet and time will tell.

“Let’s see what happens over the next two to four weeks.”

[Read more…]

Greater Vancouver Real Estate Market Statistics – July 2016

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

Vancouver

In the Vancouver Westside, there were 110 sales of detached homes and 651 active listings at the end of July. The benchmark sale price was $3,591,200, with an average days on market of 27. The hottest market for sales was Dunbar with 19 sales.

In comparison, the condo market had 435 sales, 848 active listings and a benchmark sale price of $698,000 with 18 average days on market. The hottest market for sales was Downtown VW, 105 sales.

Townhome sales were 48, active listings were 87. The benchmark sale price was $1,088,400 with an average days on market of 12. Kitsilano, 12 sales, was the hottest markets in July.

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

MarketHotSheet_July2016_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – June 2016

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

Vancouver

In the Vancouver Westside, there were 154 sales of detached homes and 620 active listings at the end of June. The benchmark sale price was $3,547,300, with an average days on market of 24. The hottest market for sales was Dunbar with 17 sales.

In comparison, the condo market had 579 sales, 760 active listings and a benchmark sale price of $696,200 with 18 average days on market. The hottest market for sales was Downtown VW, 157 sales.

Townhome sales were 64, active listings were 87. The benchmark sale price was $1,092,900 with an average days on market of 15. Fairview VW and Kitsilano, 12 sales each, were the hottest markets in June.

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

MarketHotSheet_June2016_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – May 2016

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

Vancouver

In the Vancouver Westside, there were 191 sales of detached homes and 587 active listings at the end of May. The benchmark sale price was $3,442,100, with an average days on market of 30. The hottest market for sales was Fairview VW with 37 sales.

In comparison, the condo market had 573 sales, 764 active listings and a benchmark sale price of $673,000 with 22 average days on market. The hottest market for sales was Downtown VW, 115 sales.

Townhome sales were 74, active listings were 83. The benchmark sale price was $1,035,400 with an average days on market of 16. Kitsilano, 14 sales, was the hottest market for sales in May.

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

MarketHotSheet_May2016_VanWest

[Read more…]

Greater Vancouver Real Estate Market Statistics – April 2016

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

Vancouver

In the Vancouver Westside, there were 231 sales of detached homes and 590 active listings at the end of April. The benchmark sale price was $3,199,600, with an average days on market of 29. The hottest market for sales was Dunbar with 42 sales.

In comparison, the condo market had 559 sales, 763 active listings and a benchmark sale price of $656,900 with 23 average days on market. The hottest market for sales was Downtown VW, 129 sales.

Townhome sales were 75, active listings were 84. The benchmark sale price was $966,400 with an average days on market of 18. Kitsilano, 19 sales, was the hottest market for sales in April.

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

MarketHotSheet_April2016_VanWest

[Read more…]

Macdonald Realty sponsoring Maple Ridge Home Show

Our Maple Ridge office is sponsoring the Ridge Meadows Home Show this weekend,  and providing  shuttle service from the Albion Sports Complex parking to Albion Fairgrounds event space.  Say hi to our team driving the golf carts!

Shuttle service at Maple Ridge Home Show

 

HOME SHOW: ‘Wheely’ good fun on tap in Maple Ridge this weekend

Source:  Maple Ridge & Pitt Meadows Times

Feeling sporty this weekend?

Then head down to Albion Fairgrounds where you can take in high-flying BMXers and bubble ball soccer demos during the Ridge Meadows Home Show.

There’ll be high flying action in the corral, as some of the top-ranked riders in the world take bring big air jumps and half pipe demos to the home show.

This is a get-active “try it zone” with bicycles and safety gear provided and patrons encouraged to give the sport of BMX a try.

There will also be a scooter course for scooter enthusiasts.

Returning to the fairgrounds this weekend is the Action Sports Extreme Stunt Show.

Sponsored by Macdonald Realty (which also provides a shuttle service from the Albion Sports Complex to Albion Fairgrounds during the weekend), and presented by Maple Ridge Cycle, Ridge Meadows BMX, Big Steel Box, Timberline Ranch, and The Creative Ride, the stunt show is always popular.

The Stunt Show:

• Friday at 7 p.m.,

• Saturday at 11 a.m. and 4 p.m., and

• Sunday at 11 a.m. and 2 p.m.

From its formative years in the early 1970s to today, BMX is still flourishing.

“If it wasn’t for these people doing [jumps and racing] I wouldn’t have gotten into this business,” said Troy Scott, the owner-manager of Maple Ridge Cycle, which is helping present the stunt show.

“Dirt jumping has always been exciting – that’s why my shop’s been around so long. A lot of the stuff we sell are involved with these types of [BMX] bicycles.”

Scott said BMX’s staying power remains strong, in a world where most kids are drawn to computers and iGadgets.

“It [BMX’ing] competes with iPads and iPods,” Scott said. “When parents get Christmas lists and bikes are in front of iPads – you don’t see that very often anymore.”

The passion for BMX locally is part of the reason why this showcase returns each year to the home show.

“We need something for the kids and grandkids to do while parents are looking at renos,” Scott said.

Since it’s an outdoor display, “Mother Nature plays a big part in it,” Scott said.

Former professional BMXer Nate Berkheimer plays a big role in the BMX show.

Berkheimer, who has more than two decades of BMX experience, made several dirt jumping finals at the Dew Tour.

The Maple Ridge resident competed professionally in both racing and freestyle (stunt riding).

“Nate has a lot of his guest riders come out and they put on a good show,” said Travis Franklin, who along with fellow realtor John Johnson helps organize the shuttles and stunt show on behalf of Macdonald Realty.

“They do stunts, back flips… everything on the ramps. It’s quite exciting to watch.”

Meanwhile, for little ones anxious to try bike riding, check out Tykes for Tots.

Bubble soccer

For soccer fans, West Coast Auto Group Football Club (WCAGFC) is bringing a unique twist on the “beautiful game” to the home show.

Bubble soccer demos will be happening throughout the weekend.

According to Bubble Soccer Vancouver, players are outfitted in “zorb-like inflatable bubble suits” which keep them safe “as they roll around, flip right over and collide with each other – all while trying to score goals.”

WCAGFC offers its own bubble soccer programs for U8 players right up to adults (visit westcoastfc.ca/Bubble_Soccer).

“People have a chance to give it a go,” WCAGFC executive director Misty Thomas said. “It’s exhausting, actually, to play it. It’s quite active and mostly people spend a lot of energy laughing. As we keep saying, it’s one of the few sports where spectators can actually have as much fun as the actual participants.

Watching bubble soccer is hilarious.”

Greater Vancouver Real Estate Market Statistics – March 2016

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

Vancouver

In the Vancouver Westside, there were 221 sales of detached homes and 571 active listings at the end of March. The benchmark sale price was $3,072,000, with an average days on market of 25. The hottest market for sales was Dunbar with 36 sales.

In comparison, the condo market had 683 sales, 722 active listings and a benchmark sale price of $635,300 with 22 average days on market. The hottest market for sales was Downtown VW, 168 sales.

Townhome sales were 77, active listings were 88. The benchmark sale price was $939,000 with an average days on market of 19. Kitsilano, 14 sales, was the hottest market for sales in March.

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

MarketHotSheet_March2016_VanWest

[Read more…]

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
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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

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Tom Garvey joins Macdonald Realty


Tom_Garvey_web
VANCOUVER, B.C., Canada (October 29, 2015) – Macdonald Realty has hired Tom Garvey as the new full-time Managing Broker for their Coquitlam and Maple Ridge offices. He will be the go-to resource for transaction-related questions, and responsible for retention, recruitment and training in those offices.

“Macdonald Realty is fortunate to add Tom to our Management Team.” says Jonathan Cooper, Vice President, Operations for Macdonald Real Estate Group. “He brings several decades of industry experience to this role, both in sales and in management, and is well respected in the Greater Vancouver real estate community.  Tom will be a tremendous resource to his offices and our company as a whole.”

Tom has served the Fraser Valley and Greater Vancouver Real Estate boards on a number of committees including Education, Technology, MLS®, and Professional Conduct. Moreover, he has also been a part of the BCREA education committee and acts as a Student Advisor for The Real Estate Institute of British Columbia.

 

For more information, please contact:
Jonathan Cooper, Vice President, Operations
Macdonald Real Estate Group, Inc.
Phone – 604 264 6789
Email – jcooper@macrealty.com
Tom Garvey FRI, RI(BC)
Managing Broker,  Macdonald Realty Ltd.
Phone – 604 931 5551
Email – tgarvey@macrealty.com

About Macdonald Real Estate Group:
Based in Vancouver, Canada, Macdonald Real Estate Group (MREG) has an annual sales volume of over $6.3 billion and just under $2 billion in assets under management.  With more than 20 offices and nearly 1,000 staff and REALTORS®, MREG offers a full range of real estate services, including residential and commercial brokerage, property and strata management, project marketing, and the MREG Canadian Real Estate Investment Centre in Shanghai, China.  Macdonald Realty is the residential division of Macdonald Real Estate Group. For more information, visit www.macrealty.com.

Maple Ridge balanced conditions provide stable backdrop for buyers, sellers | Maple Ridge News

Balanced conditions provide stable backdrop for buyers, sellers

Stable and balanced. Those are the descriptors used by the managing brokers for two local real estate companies when it comes to the Maple Ridge and Pitt Meadows housing market today. Which means it’s a good time to be buying or selling because there’s finally some predictability in the marketplace after several years of ups and downs.

The Real Estate Board of Greater Vancouver (REBGV) concurs, noting in its July market report that, across the region, “balanced conditions provide a stable backdrop for today’s home buyers and sellers.”

The report’s benchmark price index bear this out, showing that Maple Ridge’s residential composite one-year change from June 2012 to June 2013 was a meagre minus two per cent, while in Pitt Meadows prices increased 1.5 per cent.

For single-family detached homes, the drop in Maple Ridge was 1.1 per cent, while in Pitt Meadows it was just 0.1 per cent.

Townhomes were similar, with Maple Ridge experiencing a 2.7 per cent drop in the benchmark price and Pitt Meadows a 0.1 per cent again.

The greatest fluctuation was in apartments, which was at minus 5.6 per cent in Maple Ridge and plus 5.5 per cent in Pitt Meadows.

“To me, this is the sign of a stable market,” says Harvey Exner, managing broker with Macdonald Realty Maple Ridge.
“There have not been huge changes in any pricing [for the past year], which is a good thing for buyers and sellers because it creates some predictability for both.”

Glenn Chivers, managing broker at Re/Max Lifestyles Realty, likes what he sees right now because “a balanced market is fair for everybody.

“You don’t have to play the lowball game as much if you’re a seller, and buyers are getting a fair price provided the home is priced right.”

Of course, price is just one factor in determining market conditions, and both Chivers and Exner agree that balance and stability can only be achieved if there’s adequate inventory available.

Year-over-year statistics from the REBGV show that for the months of January through June, combined numbers for the two communities show detached home listings down 11 per cent, at 1,234;  townhouse listings down three per cent, at 407; and apartments down less than one per cent, at 369.
Those numbers are good enough for Exner, who says there’s an adequate amount of inventory in both Maple Ridge and Pitt Meadows to supply the needs of both local residents and those looking from outside of the community.
The sales numbers are equally promising, says Chivers, who suggests low interest rates and stable prices are the main reasons for sales right now.

REBGV stats show there were 540 detached homes sold in the two communities from January through June, down about 11 per cent.

Townhouse sales have dropped quite a bit, with 183 being sold compared to 228 over the same time period in 2012.

Apartment sales dropped about 13 per cent, with 129 getting a sold sticker so far this year.
The median selling price for detached homes through June was $474,900; for townhouses it was $302,750; and for apartments, $210,000.
Both brokers agree that things are generally good in the market right now, and probably will be for at least the rest of the year.

If there is a weakness going forward, they also agree that it’s in the apartment market, where a “glut” of new apartment units has hit the market recently.

Chivers figures there’s about an eight- to 10-month supply – “maybe more” – of apartments on the market, with many of them brand new, meaning anyone trying to sell an apartment over the course of the next year will face some stiff competition.

However, don’t panic, he adds, because as long as you price your house, townhouse or apartment well, it will likely sell.

His best advice?

“Listen to your realtor. He or she knows the market.”

Article Written By Robert Prince – Maple Ridge News
Published: July 26, 2013 Article is available for viewing http://www.mapleridgenews.com

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