Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in March 2019.
Vancouver-West
In the Vancouver Westside, there were 64 sales of detached homes and 744 active listings at the end of the month. The benchmark sale price was $3,026,300.
In comparison, the condo market had 235 sales, 1,518 active listings and a benchmark sale price of $769,200.
Townhome sales were 28, active listings were 232. The benchmark sale price was $1,184,500.
It’s a buyer’s market in Vancouver West.
Vancouver-East
The Vancouver Eastside had 53 sales and 683 active listings for detached homes at the end of the month. The benchmark sales price was $1,390,700.
The condo market featured 93 sales, 414 active listings, and a benchmark sales price was $547,700.
The townhome market, on the other hand, had 20 sales and 95 active listings. The benchmark sale price was $821,300.
It’s a buyer’s market for homes.
North Vancouver
In March, the North Vancouver market had 70 sales and 393 active listings for detached homes. The benchmark sale price was $1,502,600.
There were 73 sales and 348 active listings for condos. The benchmark sale price was $567,000.
Townhome sales were 21, active listings were 121, the benchmark sale price was $952,700.
It’s a balanced market in North Vancouver.
West Vancouver
The West Vancouver market had 23 sales and 503 active listings for detached homes. The benchmark sale price was $2,583,600.
Condo sales were 8 and active listings were 115 at the end of the month. The benchmark sales price was $1,116,200.
In comparison, townhome market had 1 sale and 28 active listings.
It’s a buyer’s market in West Vancouver.
Coquitlam
In the Coquitlam market, there were 48 sales and 481 active listings for detached homes at the end of the month. The benchmark sale price was $1,161,600.
The condo market had 61 sales and 306 active listings. The benchmark sale price was $522,800.
Townhomes featured 29 sales and 121 active listings. The benchmark sales price was $638,500.
Port Coquitlam
Port Coquitlam had 16 sales and 157 active listings for detached homes. The benchmark sale price was $920,700.
Condo featured 24 sales, 112 active listings, a $459,900 benchmark sales price.
In comparison, townhome had 18 sales and 85 active listings. The benchmark sales price was $613,900.
It’s a buyer’s market for homes.
Port Moody
There were 7 sales and 110 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,402,500.
The condo market featured 23 sales, 70 active listings, $635,200 benchmark sale price.
In comparison, townhome sales were 8, active listings were 35 and the benchmark sale price was $636,200.
It’s a seller’s market for condos.
Maple Ridge
In the Maple Ridge market, there were 53 sales and 410 active listings for detached homes at the end of the month. The benchmark sale price was $813,600.
The condo market had 24 sales and 107 active listings. The benchmark sale price was $352,500.
Townhome featured 37 sales and 122 active listings. The benchmark sales price was $534,200.
It’s a seller’s market for townhomes.
The followings are the summaries of the surrounding areas:
Burnaby East
Burnaby North
Burnaby South
New Westminster
Richmond
Ladner
Tsawwassen
Pitt Meadows
Bowen Island
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 [email protected] or call 1.877.278.3888 to be matched with a REALTOR® working in your area.
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 housepriceindex.ca for more information.
This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) rebgv.org.
