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Greater Vancouver Real Estate Market Statistics – September 2020

Greater Vancouver Real Estate Market Statistics – September 2020

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in September 2020.
Find all the infographics by visiting the Facebook Album.

According to the Real Estate Board of Greater Vancouver, home sale and new listing activity reached record levels in Metro Vancouver in September.

“We’ve seen robust home sale and listing activity across Metro Vancouver throughout the summer months,” Colette Gerber, REBGV Chair said. “This increased activity can be attributed, in part, to lower interest rates and changing housing needs during the COVID-19 pandemic.”

Colette also has talked about the pressure on home prices:

“While the pace of new MLS® listings entering the market is increasing, the heightened demand from home buyers is keeping overall supply levels down,” Gerber said. “This is creating upward pressure on home prices, which have been edging up since the spring.”

 

Coquitlam

In September 2020, there were 127 sales of detached homes and 339 active listings in Squamish. The benchmark sale price was $1,240,900.

The condo market had 109 sales and 380 active listings at the end of the month.  The benchmark sale price was $531,700.

The townhome market had 62 sales and, the active listings were 129. The benchmark sale price was $696,300.

It’s a Seller’s Market in Coquitlam.

Port Coquitlam

In September 2020, there were 45 sales of detached homes and 82 active listings in Squamish. The benchmark sale price was $1,017,900.

The condo market had 38 sales and 115 active listings at the end of the month.  The benchmark sale price was $470,200.

The townhome market had 29 sales and, the active listings were 48. The benchmark sale price was $661,200.

It’s a Seller’s Market in Port Coquitlam.

Bowen Island

Burnaby East

 

Burnaby North

 

Burnaby South

 

 

Ladner

Maple Ridge

New Westminster

North Vancouver

Pitt Meadows

 

Port Moody

Richmond

Tsawwassen

Vancouver East

Vancouver West

West Vancouver

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.

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

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – September 2020

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – September 2020

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in September 2020.
Find all the infographics related to the May Market Statistics by visiting the Facebook Album.

Whistler 

In September 2020, there were 26 sales of detached homes and 93 active listings in Whistler. The benchmark sale price was $1,767,700.
The condo market had 35 sales and 132 active listings at the end of the month.  The benchmark sale price was $529,200.
The townhome market had 31 sales and, the active listings were 70. The benchmark sale price was $980,900.
It’s a Seller’s market in Whistler.

 

 

Sunshine Coast

In September 2020, there were 92 sales of detached homes and 284 active listings in Whistler. The benchmark sale price was $651,100.
The condo market had 13 sales and 47 active listings at the end of the month.
The townhome market had 20 sales and, the active listings were 40.
It’s a Seller’s market in Sunshine Coast.

Squamish

In September 2020, there were 27 sales of detached homes and 114 active listings in Whistler. The benchmark sale price was $1,020,400.
The condo market had 16 sales and 62 active listings at the end of the month.
The townhome market had 23 sales and, the active listings were 35.
It’s a Seller’s market for Condos and Townhomes in Squamish.

 


Looking for more information about the real estate market in specific neighbourhoods in Squamish, Whistler, and Sunshine Coast? 
Macdonald Realty has offices in Squamish, Whistler, and Sunshine Coast.  Please email macrealty@macrealty.com 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 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

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – September 2020

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – September 2020

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in September 2020.
Find all the infographics related to the February Market Statistics by visiting the Facebook Album.

Greater Victori

According to the Victoria Real Estate Board “A total of 989 properties sold in the Victoria Real Estate Board region this September, 60.6% more than the 616 properties sold in September 2019 and 1% more than the previous month of August 2020. Sales of condominiums were up 26.7 percent from September 2019 with 280 units sold. Sales of single-family homes were 91.9% rom September 2019 with 539 sold.

“Another month has passed where we have seen surprisingly high sales numbers – which included quite a few higher end properties,” says Victoria Real Estate Board President Sandi-Jo Ayers. “I don’t think that anyone who was trying to predict market outcomes in our area over the course of the pandemic expected that the pent up demand from dampened sales in April and May would result in this level of market activity. There’s no doubt that buyers are extremely motivated and this increased demand, coupled with limited inventory, fueled the September market.”

Nanaimo

Parksville / Qualicum


Looking for more information about the real estate market in specific neighbourhoods in Victoria, Parksville, Nanaimo, Vancouver Island and the Gulf Islands? 

Macdonald Realty has offices in downtown Victoria, Sidney, Parksville and on Salt Spring Island. Please email macrealty@macrealty.com 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 www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Victoria Real Estate Board (VREB) www.vreb.org and the Vancouver Island Real Estate Board (VIREB) www.vireb.com. Market data from the VIREB includes listings and sales in Campbell River, Comox Valley, Cowichan Valley Nanaimo, Parksville/Qualicum, Port Alberni/West, North Island, and the Islands.

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – September 2020

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – September 2020

According to the Fraser Valley Real Estate Board the housing market activity reaches historic levels in September.

The Fraser Valley Real Estate Board processed 2,231 sales on its Multiple Listing Service® (MLS®) in September, an increase of 66.1% compared to the same month last year and an increase of 9.4%t compared to August
2020. This is the highest recorded sales for September in the history of FVREB.

Fraser Valley Real Estate Board reported that in the last three months, Fraser Valley has seen a defined shift in demand towards single-family detached homes with sales in July through to September garnering 47% of the three main residential types, compared to 43% during the same period last year.

Chris Shields, President of the Board, observes, “Our homes have never been more important. Across the Fraser Valley,
we’re seeing a trend towards buyers looking for more space and livability in both single‐family homes and townhomes.
“For many existing homeowners and first‐time buyers, their buying power is greater than it’s been in a long time.
Interest rates are very low, people have saved money over the last few months, and they’re choosing to invest it in their
most important asset. Sellers are also recognizing that with lower than normal inventory, this is a smart time to list.”

Find all the infographics related to the May Market Statistics by visiting the Facebook Album.

Abbotsford

Cloverdale

Langley

Mission

North Delta

North Surrey

Surrey Centra

 

White Rock / South Surrey

 

Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley and Fraser Valley

Macdonald Realty has offices in North Delta, White Rock/South Surrey, and Langley.  Please email macrealty@macrealty.com 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 www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Fraser Valley Real Estate Board (FVREB) www.fvreb.bc.ca

Okanagan Real Estate Market Statistics – September 2020

Okanagan Real Estate Market Statistics – September 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in September 2020.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 356 sales, 827 active listings, and an $842,384 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 170 sales and 644  active listings at the end of the month. The average sale price was $392,286.
Townhome sales were 122, active listings were 327 and the average sale price was $564,103.
It’s a seller’s market in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $584,058. At the end of the month, there were 163 sales and 364 active listings.
There were 23 sales and 82 active listings for condos. The average sale price was $274,706.
In comparison, townhomes featured 40 sales, 119 active listings and a $446,863 average sale price.
It’s a seller’s market in North Okanagan. 

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – August 2020

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – August 2020

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in August 2020.
Find all the infographics related to the May Market Statistics by visiting the Facebook Album.

Whistler 

In August 2020, there were 18 sales of detached homes and 116 active listings in Whistler. The benchmark sale price was $1,685,100.
The condo market had 20 sales and 148 active listings at the end of the month.  The benchmark sale price was $506,200.
The townhome market had 27 sales and, the active listings were 85. The benchmark sale price was $922,400.
It’s a Buyer’s market for homes and condos in Whistler.

 

Sunshine Coast

 In August 2020, there were 105 sales of detached homes and 306 active listings in Whistler. The benchmark sale price was $639,100.
The condo market had 12 sales and 62 active listings at the end of the month.
The townhome market had 15 sales and, the active listings were 62.
It’s a Balanced market for condos and townhomes in Sunshine Coast.

Squamish

 

 


Looking for more information about the real estate market in specific neighbourhoods in Squamish, Whistler, and Sunshine Coast? 
Macdonald Realty has offices in Squamish, Whistler, and Sunshine Coast.  Please email macrealty@macrealty.com 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 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

Greater Vancouver Real Estate Market Statistics – August 2020

Greater Vancouver Real Estate Market Statistics – August 2020

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in August 2020.
Find all the infographics by visiting the Facebook Album.

According to the Real Estate Board of Greater Vancouver, home buyers and sellers remained active across Metro Vancouver in August, with home sale and new listing activity outpacing the region’s historical averages.

“People who put their home buying and selling plans on hold in the spring have been returning to the market throughout the summer,” Colette Gerber, REBGV Chair said. “Like everything else in our lives these days, the uncertainty COVID-19 presents makes it challenging to predict what will happen this fall.”

Colette also has talked about the impact of low interest rates:

“Low interest rates and limited overall supply of homes for sale are creating competition in today’s housing market,” Gerber said.

Bowen Island

In August 2020, Bowen Island had 11 sales of detached homes and 37 active listings. The benchmark sale price was $1,067,300.

While the condo market had  1 listing, there were no sales of condo or townhome market.

Burnaby East

In August 2020, there were 14 sales of detached homes and 42 active listings in Squamish. The benchmark sale price was $1,257,500.

The condo market had 13 sales and 45 active listings at the end of the month.  The benchmark sale price was $721,000.

The townhome market had 9 sales and, the active listings were 36. The benchmark sale price was $708,200.

It’s a Seller’s Market for Homes and Condos in Burnaby East.

Burnaby North

In August 2020, there were 58 sales of detached homes and 132 active listings in Squamish. The benchmark sale price was $1,477,400.

The condo market had 104 sales and 397 active listings at the end of the month.  The benchmark sale price was $614,400.

The townhome market had 27 sales and, the active listings were 55. The benchmark sale price was $732,500.

It’s a Seller’s Market in Burnaby North.

Burnaby South

In August 2020, there were 26 sales of detached homes and 182 active listings in Squamish. The benchmark sale price was $1,555,100.

The condo market had 81 sales and 397 active listings at the end of the month.  The benchmark sale price was $656,300.

The townhome market had 19 sales and, the active listings were 67. The benchmark sale price was $802,400.

It’s a Buyer’s Market in for Homes in Burnaby South.

Coquitlam

Ladner

Maple Ridge

New Westminster

North Vancouver

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

Tsawwassen

Vancouver East

Vancouver West

West Vancouver

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.

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

Okanagan Real Estate Market Statistics – August 2020

Okanagan Real Estate Market Statistics – August 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2020.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 317 sales, 961 active listings, and an $816,767 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 146 sales and 667 active listings at the end of the month. The average sale price was $370,620.
Townhome sales were 110, active listings were 364 and the average sale price was $582,185.
It’s a seller’s market for homes and townhomes in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $643,995. At the end of the month, there were 139 sales and 451 active listings.
There were 18 sales and 90 active listings for condos. The average sale price was $256,889.
In comparison, townhomes featured 47 sales, 114 active listings and a $371,089 average sale price.
It’s a seller’s market for homes and townhomes in North Okanagan. 

Looking for more information about the real estate market in specific neighbourhoods in Okanagan? 

Macdonald Realty has offices in Kelowna and across BC. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – August 2020

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – August 2020

According to the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) saw the second-highest number of property sales and the highest number of new listings in August within the last two decades, when 2,298 sales were recorded in August 2005.

The FVREB processed a total of 2,039 sales in August, a decrease of 2.9% compared to sales in July, but an increase of 57.2% compared to the 1,297 sales during August of last year. Last month’s sales were 39% above the ten-year average for August, representing the highest August in the last decade and second only to what was recorded back in August 2005.

Chris Shields, President of the Board, indicated that, “we are seeing better sales volumes increase month over month because buyers are recognizing that the Fraser Valley offers increased choice and diversified housing opportunities, while offering more value as well.”

“In an unusual situation given the pandemic, we remain cautiously optimistic and are encouraged by the numbers we are
seeing,” added Shields.

Find all the infographics related to the May Market Statistics by visiting the Facebook Album.

Abbotsford

Cloverdale

Langley

Mission

North Delta

North Surrey

Surrey Central

White Rock / South Surrey

 

 

Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley and Fraser Valley

Macdonald Realty has offices in North Delta, White Rock/South Surrey, and Langley.  Please email macrealty@macrealty.com 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 www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Fraser Valley Real Estate Board (FVREB) www.fvreb.bc.ca

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – August 2020

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – August 2020

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in August 2020.
Find all the infographics related to the February Market Statistics by visiting the Facebook Album.

 Greater Victoria

According to the Victoria Real Estate Board “Once again we saw a very active month in terms of property transactions”. On September 1, 2020, the board released a total of 979 properties sold in the Victoria Real Estate Board region this August, 48.1% more than the 661 properties sold in August 2019 and exactly the same total as the previous month of July 2020. Sales of condominiums were up 29.1% from August 2019 with 262 units sold. Sales of single-family homes were up 45% from August 2019 with 509 sold.

“Once again we saw a very active month in terms of property transactions,” says Victoria Real Estate Board President Sandi-Jo Ayers. “And once again I will note that this is not a trend, but that this is our market at this moment in time during a unique situation. It is a challenging time to define what is happening in the market given so many factors that don’t exist in a normal year. We have been surprised by the pace of the summer market and are grappling with the evolving socio-economic effects of the pandemic and how these underlying factors will influence our fall real estate market.”

Nanaimo

Parksville / Qualicum


Looking for more information about the real estate market in specific neighbourhoods in Victoria, Parksville, Nanaimo, Vancouver Island and the Gulf Islands? 

Macdonald Realty has offices in downtown Victoria, Sidney, Parksville and on Salt Spring Island. Please email macrealty@macrealty.com 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 www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Victoria Real Estate Board (VREB) www.vreb.org and the Vancouver Island Real Estate Board (VIREB) www.vireb.com. Market data from the VIREB includes listings and sales in Campbell River, Comox Valley, Cowichan Valley Nanaimo, Parksville/Qualicum, Port Alberni/West, North Island, and the Islands.

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