by Alyssa | Feb 5, 2019 | Market Insights
Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in January 2019.
Greater Victoria
In January 2019, there were 127 sales of single family homes and 688 active listings in Greater Victoria. The benchmark sale price was $742,000 with an average days on market of 59. The hottest market for sales was Langford with 28 sales. There were also 6 sales and 110 active listings at the end of the month for waterfront homes.
In comparison, the Condo market had 111 sales and 388 active listings at the end of the month. The benchmark sale price was $491,700 with an average days on market of 48. The hottest market for sales was Victoria, 45 sales.
Townhome sales were 37, active listings were 177 and the benchmark sale price was $587,500. The average days on market were 47, and the hottest market was Langford with 9 sales.
It’s a seller’s market for condos.
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by Alyssa | Feb 5, 2019 | Newsroom
Think back for a moment to 1959, a Year of the Pig in the Chinese Zodiac calendar.
Canada was basking in the glow of post-Second World War prosperity. The average annual salary of $5,000 could buy you a new house for $12,500 and a new Chevy for $2,200, while just $1 would get you a night at the movies to watch Marilyn Monroe.
Now, 60 years later, with the return of the Year of the Pig, you could hunt for a long time in Vancouver to find a new house for under $1 million, a Chevy for less than $20,000 or a movie viewing for $10 a head. But if that depresses you a bit, Andrew Leong, a Richmond realtor and occasional adherent to the world of Chinese astrology, has some encouraging words for the coming year.
“The pig has always been blessed with good fortune,” the 35-year veteran realtor says.
He said that even though the real estate market has experienced somewhat of a downturn in recent months, “it really can’t get any worse.”
“Those born under the pig sign are very realistic people. They don’t go with the trends. They go with the basics. They tend to approach challenges in a cooperative way with other people. “
They are also born optimists, he said, a good trait to possess in the context of the past year. He himself predicts real estate will show signs of recovery. “That’s how I see this market, even without the horoscopes.”
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by Alyssa | Jan 7, 2019 | Market Insights
Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in December 2018.
Squamish
In December 2018, there were 7 sales of detached homes and 95 active listings in Squamish. The benchmark sale price was $975,600 with an average days on market of 68.
The condo market had 3 sales and 52 active listings at the end of the month. The benchmark sale price was $455,900 with an average days on market of 36.
Townhome sales were 3 sales, active listings were 46. The benchmark sale price was $666,300 and the average days on market were 96.
It’s a buyer’s market in Squamish.
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by Alyssa | Jan 7, 2019 | Market Insights
Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in December 2018.
Vancouver-West
In the Vancouver Westside, there were 34 sales of detached homes and 611 active listings at the end of the month. The benchmark sale price was $3,135,400 with average days on market of 43. The hottest markets for sales was Dunbar with 8 sales.
In comparison, the condo market had 139 sales, 1,015 active listings and a benchmark sale price of $783,700 with an average of 47 days on market. The hottest market for sales was Downtown VW, 34 sales.
Townhome sales were 16, active listings were 137. The benchmark sale price was $1,236,500 with an average days on market of 36. Kitsilano with 6 sales was the hottest market of the month.
It’s a buyer’s market in Vancouver West.
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by Alyssa | Jan 3, 2019 | Market Insights
Here are the latest real estate market statistics from Macdonald Realty on North Delta, Surrey, White Rock, Langley, and Fraser Valley listings and sales in December 2018.
North Delta
In the North Delta market, the benchmark sale price was $887,800 for detached homes. At the end of the month, there were 142 active listings and 16 sales.
The condo market had 7 sales and 32 active listings. The benchmark sale price was $400,000.
Townhomes featured 8 sales, 18 active listings and a $603,600 benchmark sale price.
It’s a seller’s market for townhomes.
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