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

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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

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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.

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

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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

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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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How my agent found the perfect home in a hot seller’s market

A real estate company vice president on his homebuying journey

Posted on Inman News  December 14, 2016

  • In North America, where everyone knows 10-plus agents, the ones who do it right set themselves apart.
  • Good agents don’t just wait for their clients to ask them questions: They are pro-active to ensure the client is getting the information they need.
  • When trying to buy a home in a hot market, it helps immensely to have an agent with a positive, steady attitude.

Selling my home was, of course, just the first of two chapters.

In part one of this series, I wrote about my experience listing my home and the many ways that our agent helped make the selling process easier and more successful.

When my wife and I woke up the next morning, we found ourselves buyers in the red-hot Vancouver housing market.

We wanted to stay, broadly, in the same Kitsilano area — close to my office, the kids’ grandparents and family-friendly community amenities.

We were searching for a three-bedroom condo, ground-oriented, hopefully with some outdoor space: essentially, the same thing every young family was eyeing in that neighborhood.

[Read more…]

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

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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

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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

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Macdonald Realty sponsors InspiredHealth cookbook

We are delighted to announce the beginCMYKorangeIHvectorning of a new charitable partnership between Macdonald Real Estate Group and InspireHealth, a local not-for-profit supportive cancer care organization with centres in Vancouver, Victoria and Kelowna.  They provide important programs and services to enhance quality of life, health and well-being of people living with cancer and their families.

Macdonald Real Estate Group has signed on to be the presenting sponsor of InspireHealth’s new cookbook ‘Inspired Cooking‘ featuring 50 exclusive recipes from 20 of Canada’s top chefs including BC’s Vikram Vij (Vij’s Restaurant Group), Ned Bell (Yew at Four Seasons Hotel), Warren Barr (The Pointe Restaurant at Wickaninnish Inn), James Walt (Araxi) and many more.

Last year, InspireHealth welcomed more than 2,400 new members, provided 2,000+ classes and more than 25,000 patient visits – all completely free of charge.  This InspiredHealth cookbook is an important fundraising venture and we are so proud to be a leading sponsor of this project. Watch for the cookbook is stores this holiday season and if you wish to make a donation to the project you can ​visit their Kickstarter page here. 

 

Condos in Downtown Vancouver

The residential areas of Downtown Vancouver comprise 3 main areas:

  1. Yaletown – which borders the north side of False Creek and much of it originally was developed by Concord Pacific after the Expo 86 World’s Fair;
  2. Coal Harbour – which is the strip of newly developed condos north of West Georgia Street and West of Burrard Street; and
  3. The West End – which comprises the downtown core and west of Burrard Street.

It seems that the new 15% tax on “foreign” buyers has had very little impact on this market, especially with condos where the asking price is under $2 million.  There are many reasons for this:

  • Only 1-5% of the buyers in this segment traditionally have been “foreign”;
  • More and more “empty nesters” from the West Side of Vancouver sell their homes after their children have moved out and downsize by moving downtown and retire on the capital gains earned by selling their detached homes;
  • The buyers are from all backgrounds: local retired people, young singles and married couples (usually with no children or with small families), Chinese immigrants, Koreans, Iranians, Americans, Eastern Europeans, Middle Easterners, etc. In other words there is strong demand from all segments of the market;
  • There seems to be increasing interest in this area from “foreigners” from the USA, typically young hi-tech professionals from San Francisco and San Jose, and older couples from Seattle and Los Angeles, all of them attracted by the diversity, safety, cuisine, scenery and recreational opportunities downtown Vancouver has to offer.
  • Being close to the Central Business District is extremely convenient for the tens of thousands of professionals of all kinds who work downtown.

What’s so special about the Downtown core of Vancouver?  Well, it depends on the specific neighbourhood:

[Read more…]

Are Prices Down, or Not? Average Price vs. Benchmark Price

Why are some articles saying prices are going down, and others saying that for the same product category, they’re not? How is that even possible? Whenever you read real estate reports, it is important to understand how the data used is interpreted by the author. With the high price points of Vancouver’s heated real estate market, conversations about predicting where property values will go next seems to have become a daily conversation wherever we go. In this video, I discuss the difference between the two common ways of measuring price points: Average Price vs. (HPI) Benchmark Price.

 Are prices down, or not? Two ways to measure prices.

When looking at activity for a given period of time, the Average Price per unit is exactly that – an average of all of the sales for that period within a certain market segment.

[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

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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

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Soaring property values push businesses out of Vancouver’s west side | The Globe and Mail

Vancouver’s sky-high real estate prices are changing the shape of its retail districts – with pricey neighbourhoods feeling some pain, and formerly neglected pockets of the city getting a boost.

Several long-time businesses on the city’s expensive west side are either closing down or moving as retail strips transform under the pressures of rent and tax increases, redevelopment and a shifting demographic. The shopping strip along West Broadway, in the once-trendy heart of Upper Kitsilano, suddenly has vacant storefronts. Long-time shops are moving or shutting down.

“There is something wrong with West Broadway – an unprecedented number of businesses are closing their doors,” said Marion Jamieson, director of the Upper Kitsilano Residents Association. “I think the kinds of issues we’re facing in the residential areas of gentrification are also having an impact on commercial areas.”

[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

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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

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Macdonald Realty nominated for HGTV’s Ultimate House Hunt 2016

It is time for HGTV.com’s Ultimate House Hunt once again!

This year Macdonald Realty is nominated in the Best International Home category for a spectacular Three-Level Penthouse in Vancouver, Canada.  This is the category we won last year for The Sanctuary, a luxury home we listed and sold in Squamish B.C.

spectacular Three-Level Penthouse in Vancouver

SENSATIONAL TROPHY VANCOUVER PENTHOUSE – Atop a 32 storey skyscraper this three level sky mansion sprawls over 6,000 square feet of living space and 1,700 square feet of terraces. Outstanding first impressions from the direct elevator access leading to a grand living room featuring soaring 16 foot ceilings, panoramic English Bay views and a grand curved staircase. Master boasts gas fireplace, large steam shower and a two person jetted tub situated mid room. Main level offers second master suite with fireplace and numerous built-in cabinets. Bespoke chef’s kitchen with 48 inch Décor six burner range, numerous built-in ovens and appliances anchored by huge granite island and access to 700 square foot terrace with fireplace and built-in Viking BBQ. Family room with grand wet bar, air conditioning, concierge and six-car private garage. LP $7,838,000

Macdonald Realty nominated for HGTV luxury home contest

Tour amazing homes across the globe, vote for your favourites, and enter for your chance to win a $10,000 cash prize! And remember you can vote for your favourites once a day. Follow the instructions below to vote for Macdonald Realty’s Nominee for HGTV’s Ultimate House Hunt 2016:

Step 1: Tour the homes in the category.
Step 2: When you’ve found your favorite, click “I’m Ready to Vote.”
Step 3: Choose your favorite by clicking “Vote.”
Step 4: Click “Continue to Next Category” to tour more homes.

Click here to vote.

Vote for HGTV's Ultimate House Hunt 2016

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…]

Loonie Driving American Home Buyers Interest in BC

Jonathan Cooper, Vice President, Operations of Macdonald Real Estate Group, was on Business News Network (BNN) speaking about the pick-up in American home buyers in BC and how the loonie has been driving that interest.

Click the video to watch.

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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British Columbia Earthquake Preparedness

earthquake-plates

Vancouver and British Columbia are at a high-risk of having an earthquake. Be prepared, and learn what you can do to keep you, your family, and your home safe.

For your family:

  • Identify objects in your home that could be dangerous during an emergency
  • Plan evacuation routes from every room in your home
  • Pick two meeting places where you and your family can get back together if you get separated – one close to your home, and one a little further away
  • Ask an out-of-province relative or friend to be your family contact person
  • Prepare your emergency kits
  • Teach family members how to turn off utilities, use a fire extinguisher, and call 9-1-1
  • Make arrangements for seniors and family members with special needs
  • Save digital copies of important documents — such as birth certificates and financial records — on a memory stick, or make photocopies of them
  • Think about what you might be able to contribute to your community; sharing a meal, tools, or a phone charger are especially meaningful in the days after an emergency

For your home:

  • Install latches on cupboards
  • Refer to emergency preparedness manuals that are available in bookstores and libraries.
  • Place large and heavy objects on lower shelves
  • Fasten tall furniture to the walls
  • Store breakable items, such as glass jars and china, in low closed cabinets with latches
  • Hang heavy items, such as pictures and mirrors, away from beds, couches, or anywhere people sit
  • Anchor overhead lighting fixtures securely to the ceiling
  • Know the locations of electric fuse or circuit breaker box, water service shut-off, and natural gas main shut-off as you may need to turn them off after the earthquake
  • Purchase earthquake insurance

 

Find more tips at the City of Vancouver website