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

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

Greater Victoria

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

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

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

It’s a seller’s market in Victoria.

MarketHotSheet_August_2018_Victoria

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

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

Greater Victoria

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

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

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

It’s a seller’s market in Victoria.

MarketHotSheet_July_Victoria

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

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

Greater Victoria

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

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

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

It’s a seller’s market in Victoria.

MarketHotSheet_June2018_Victoria

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

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

Greater Victoria

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

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

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

It’s a seller’s market in Victoria.

MarketHotSheet_April2018_Victoria

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

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

Greater Victoria

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

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

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

It’s a seller’s market in Victoria.

MarketHotSheet_April2018_Victoria

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

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

Greater Victoria

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

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

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

It’s a seller’s market in Victoria.

MarketHotSheet_March2018_Victoria

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

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

Greater Victoria

In February 2018, there were 226 sales of single family homes and 455 active listings in the Greater Victoria. The benchmark sale price was $710,500 with an average days on market of 36. The hottest market for sales was Langford with 46 sales. There were also 3 sales and 98 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 174 sales, 243 active listings at the end of the month.  The benchmark sale price was $463,100 with an average days on market of 24. The hottest market for sales was Victoria, 64 sales.

Townhome sales were 77, active listings were 95 and the benchmark sale price was $557,200. The average days on market were 29, and the hottest market was Langford with 21 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_February2018_Victoria

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

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

Greater Victoria

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

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

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

It’s a seller’s market in Victoria.

MarketHotSheet_January2018_GreaterVictoria

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MoneySense names top 5 Victoria neighbourhoods to buy real estate

No. 1 wins for scenic views and proximity to downtown.

moneysensevictoriaIn April 2017 MoneySense.ca  selected their top Victoria neighbourhoods to buy real estate.

By the end of last year, the benchmark price had grown almost 24% for a single-family home in the Victoria area. According to Victoria’s Real Estate Board, this spike in sales price is due, in part, to dwindling listings. Listings were down 41%, when compared to 2015, even as the number of sales last year broke new records for this west coast city. As a result, buyers looking for a home in the Greater Victoria Area are beginning to look further afield.  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 5 Victoria neighbourhoods for buyers, according to MoneySense are:

  1. Sidney South-East, Sidney

  2. Saxe Point, Esquimalt

  3. Sidney North-East, Sidney

  4. Estevan, Oak Bay

  5. Uplands, Oak Bay

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 your area.

Active Victoria Real Estate Listings Slide Below 2,000 Mark | Times Colonist

  • vka-sold-1681-jpg
    The median sale price of a single-family home in the capital region was $759,000 last month, a 14.3 per cent increase from the $664,000 recorded in July last year. Photograph By BRUCE STOTESBURY, Times Colonist
  • 0802-realestate-jpg
    Strong sellers' market continues in Victoria Photograph By Times Colonist

With less than 2,000 active listings, Victoria’s real estate market remains firmly weighted in favour of the seller, according to data released Tuesday by the Victoria Real Estate Board.

There were 1,921 active listings at the end of last month, a drop from the 2,161 on the market in July 2016, which led to sellers getting excellent prices for their homes.

The median sale price of a single-family home in the region was $759,000 last month, a 14.3 per cent increase from the $664,000 recorded in July last year.

[Read more…]

Victoria ranked second in world for luxury real estate | CHEK News

A new report from Christie’s International lists Victoria as the second hottest luxury real estate market in the world.

When you think of a luxury home you probably picture a house on the ocean, or a large estate, but with the Victoria real estate market booming, the face of luxury is changing.

One townhouse in Oak Bay Village is about to go on the market for just over a million dollars.

“If this was a single family home we’d be talking about a much different number especially in today’s market,” said Jordy Harris, a realtor with Newport Realty.

Home prices, especially in desirable neighbourhoods like this one, have gone up.

“In the last three years has gone up by about 40 to 50 per cent,” said Ara Balabanian, President of the Victoria Real Estate Board.

And that may be why a new report from Christie’s International lists Victoria as the second hottest luxury market in the world, behind Toronto, and just ahead of San Francisco.

“Luxury can be something that is just over a million, and I say that with some respect, but our prices have risen to that point,” said Jack Petrie, Managing Partner of Newport Realty, a Christie’s International real estate firm.

While 2016 saw a big increase in homes that sold for a million or over, only a handful went above three million.

“We had approximately 16 homes in 2015, we had 20 homes sell in 2016,” said Balabanian.

The report lists offshore buyers, put off by Vancouver’s new foreign buyers tax, as one of the driving factors for the luxury sales boom, but local realtors aren’t seeing it.

“It’s not as if there was a sudden floodgate where all those buyers, foreign buyers, looking to buy in Vancouver, came over here, it just didn’t happen like that,” said Harris.

“It’s still a small component of the marketplace, it’s somewhere around 5 per cent,” said Balabanian.

They say the largest segment of home buyers remains locals, followed by those from elsewhere in Canada.

But if prices continue to soar, “luxury” may need to be re-defined.


 

The article was originally posted on CHEK News, May 10, 2017. Written by April Lawrence.

Macdonald Realty opens boutique offices in Sidney and Sechelt

Macdonald Realty has opened two new locations, the first in Sidney on Vancouver Island and the second in Sechelt on the Sunshine Coast.  These boutique offices join the province-wide network of 20 offices operated by Macdonald Realty, a B.C. owned and operated brokerage with a 70 year history of service and excellence.

“We’re focused on serving British Columbians in communities of all sizes” says Jonathan Cooper, Vice President, Operations. “Smaller offices like Sidney and Saanich, led by strong local REALTORS®, have become an important part of Macdonald Realty’s growth strategy over recent years.”

In Sidney, the new office opened with six agents and was spearheaded by Chace Whitson, a multiple MLS® Gold Award winner who has been with Macdonald Realty since 2013.  “Having our large office in Downtown Victoria, and now one in Sidney, allows us to serve our clients better across the whole region,” says Whitson. “Our affiliation with Luxury Portfolio International® gives our high-end clients a unique opportunity to market their home to the luxury elite across the globe, something that no other Victoria brokerage can offer.”

The Sechelt office is the result of a meeting between Managing Broker Patricia Place and Medallion Club REALTORS® Barbie Whitworth and Shay Moudahi who decided to switch their office to Macdonald Realty after being attracted by the company’s strong leadership, systems and brand positioning. “The new office is opening at just the right time with the Sunshine Coast market really heating up,” says Place, a part-time Sunshine Coast resident herself who also manages the company’s Squamish, West Vancouver and North Vancouver locations.  

Macdonald Realty Ltd. – Sidney | 2411 Bevan Avenue, Sidney, BC  V8L 4M9  |  Office: 778-426-2262

Macdonald Realty Ltd. – Sechelt | #3 – 5764 Wharf Road, Sechelt, BC  V0N 3A0  |  Office: 604-747-2222

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Macdonald Realty Victoria Alzheimer Donation

Alzheimer-2016-cheque-edit

Macdonald Realty Victoria is excited to make a donation to We Rage, WE Weep Alzheimer’s Foundation, a fantastic local charity providing support for families and caregivers of Alzheimer patients.  They provide tracking devices that help with wandering patients, most of which are then located within 15 minutes. 100% locally run by volunteers, ever dollar raised goes back into the community.  Our Victoria office raised $794.00 raised during their 1st annual Shredder Drive & BBQ back in June.

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. 

 

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.

 

2016 Chamber Award Nominees: Macdonald Realty Victoria and Branch Manager Nathalie Ghoos

This year our Macdonald Realty Victoria office was a finalist for Employer of the Year in the 2016 Greater Victoria Business Awards held by the Chamber of Commerce! In addition, Victoria office’s Branch Manager Nathalie Ghoos was a finalist for Employee of the Year.

129_Ara_Balabanian                     natalievictoria
Ara Balabanian                                                   Nathalie Ghoos
Managing Broker, Victoria                                Branch Manager, Victoria

Congratulations to all the nominees, finalists, and winners who were a part of this great event. Find out more info about the Victoria office in the video below.

[Read more…]

Victoria Realtors help TP the Town

October 11th to 17th marked this year’s Homelessness Action Week in Greater Victoria. Imagine yourself experiencing poverty, down to your last few dollars of the month and you need to make a choice between food for your family, or toilet paper. Guess what? Food always wins. This means many individuals and families in Victoria actually greatly appreciate the luxury of toilet paper. Something we flush down the toilet every single day can literally change lives. TP the Town aims to raise 50,000 rolls of toilet paper for people in need.

This year two agents from the Macdonald Realty Victoria office, Tracy Keenan-Whyte and Dane Kingsbury, participated in this wonderful community event!

Here Tracey shares their experience:
“My colleague Dane & I got out there early this morning to collect rolls of toilet paper – yes you read correctly – to support Homelessness Action Week in Victoria. Last year over 48,000 rolls were raised, and together we are hoping to reach 50,000 this year. A HUGE THANK YOU!! to all the households that donated – we applaud you. Something as simple as TP that we take for granted everyday is a luxury for many folks. And when it comes to making budget decisions as the month nears its end – food always comes first. Big thanks again to all of our donors…Dane & I picked up over 400 rolls of TP this morning!”

Stay tuned for more spotlights on our REALTORS® active in British Columbia communities!

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Macdonald Realty Nominees for HGTV’s House Hunt 2015

The HGTV House Hunt is on once again! This year we are nominated under 3 categories, with 4 of our listings in beautiful BC. Tour amazing homes across the globe, vote for your favorites, and enter for your chance to win a $10,000 cash prize! And remember you can vote for your favorites once a day. Follow the instructions below to vote for Macdonald Realty Nominees for HGTV’s House Hunt 2015:

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.

Amazing Kitchens: Country Estate in Vancouver
HGTV_1

A mix of contemporary style and country charm brings this spacious, eat-in kitchen to life. Charcoal gray cabinets and gray stone countertops blend seamlessly together, while a gray and white chevron tile backsplash breaks up the monochromatic space. The large island pairs with country-style barstools to provide additional seating for dining. Click here to vote for this listing as your favorite Amazing Kitchen!

 

Privacy, Please: Luxe Chateau in Victoria
HGTV_2

Sprawling mountain views and a luxurious infinity-edge pool and spa, what’s not to love? Relax, unwind and take in the incredible views of the natural Fiord of Finlayson Arm and the Saanich Inlet. Click here to vote for this listing as your favorite Privacy, Please candidate!

 

Rustic Lodge in Chilko
HGTV_3

Located on 25 acres of deeded land with a private 10-acre lake, the Huston Family Estate offers an unparalleled atmosphere with breathtaking views of the majestic Chilko Valley. Click here to vote for this listing as your favorite Privacy, Please candidate!

 

Timber-Frame Home in Squamish

 

HGTV_4
This backyard view of the home shows off the pairing of stone and neutral siding that were used for the exterior. The landscape and hardscape includes a small pond and evergreen trees. Click here to vote for this listing as your favorite International Homes candidate!

 

Thank you to our global partners Luxury Portfolio International for bringing attention to our amazing collection of luxury homes listed across British Columbia by our Macdonald Realty agents.

2014 charitable donation to BC Heart and Stroke Foundation | Macdonald Real Estate Group

Jonathon_Cooper_-_Print_MG_2979-Edit-Edit_2

Dear Friends, Clients, and Colleagues,

In lieu of cards or gifts this Christmas, Macdonald Real Estate Group (MREG) will be making a financial contribution to the British Columbia Heart and Stroke Foundation.

Many families across Canada are impacted by heart disease, and in the last few years MREG has been affected in several distinct ways. Firstly, two of our long-time managers had major heart surgery; thankfully, both are now recovered and living active lives.

Secondly, on two separate occasions, agents in the Macdonald Realty Victoria office were able to administer life-saving CPR to clients who suffered massive heart attacks. We are thrilled that as a company we were, in the words of the Heart and Stroke Foundation, able to help ‘create more survivors’.

Our contribution will specifically go to support research and education in British Columbia.

If you would like more information about the work of the BC Heart and Stroke Foundation, you can visit their website heartandstroke.com.

Merry Christmas/Season’s Greetings,

Jonathan Cooper
Vice President, Operations
Macdonald Real Estate Group Inc.

Subterranean Garage in the 2014 Doory Awards with HGTV


love_it
This year it is our pleasure to have a Macdonald Realty listing nominateed in the 2014 Doory Awards by HGTV’s FrontDoor.com! VOTE for our nomination in the category “Your House Has What?!” Click the Love it button to vote for this Victoria home with a James Bond style Subterranean Garage.

Subterranean Garage in Victoria, British Columbia, Canada

 

 

 

Make sure to check out the other great nominees!


doory