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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – December 2019

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – December 2019

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in December 2019.


Greater Victoria

“Overall, our market throughout 2019 can be characterized as still active, slow to grow and low in supply,” says 2019 Victoria Real Estate Board President Cheryl Woolley.

“Last year we saw many prospective buyers sit on the sidelines waiting for inventory to be added. As a result of this unmet demand, there was and continues to be a push from consumers to create townhomes and condos at accessible price points. We began 2019 discussing the potential impact of various taxes and lending rules introduced by the federal and provincial governments that were designed to calm housing market activity – although this activity had already begun to slow following our hyper-active market in 2016/17. The most impactful government change we saw was the tighter mortgage lending rules, which lowered consumer borrowing power and made many unable to qualify for the value of mortgages they had in the past, therefore compressing more demand into our mid- and lower-priced property market.”

In December 2019, there were 153 sales of single-family homes and 511 active listings in Greater Victoria. The benchmark sale price was $753,100.

In comparison, the Condo market had 121 sales and 453 active listings at the end of the month. The benchmark sale price was $510,800.

Townhome sales were 43, active listings were 157 and the benchmark sale price was $594,600.

It’s a seller’s market in Greater Victoria.

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in December 2019.

Parksville / Qualicum
Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in December 2019.

 

Nanaimo
Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in December 2019.

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.

Okanagan Real Estate Market Statistics – December 2019

Okanagan Real Estate Market Statistics – December 2019

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2019.

Central Okanagan: Kelowna and Lake Country

There were 118 sales, 721 active listings, and a $679,304 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 74 sales and 409 active listings at the end of the month. The average sale price was $363,855.

Townhome sales were 45, active listings were 267 and the average sale price was $489,376.

It’s a buyer’s market for homes in Central Okanagan.

 Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2019.


North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $479,227. At the end of the month, there were 52 sales and 293 active listings.

There were 12 sales and 62 active listings for condos. The average sale price was $222,333.

In comparison, townhomes featured 17 sales, 104 active listings and a $344,221 average sale price.

It’s a balanced market for homes and condos in North Okanagan.

 Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2019.

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 – December 2019

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – December 2019

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in December 2019.

Whistler

In November 2019, Whistler had 3 sales of detached homes and 93 active listings. The benchmark sale price was $1,629,700.

The condo market had 20 sales and 93 active listings at the end of the month.  The benchmark sale price was $493,500.

Townhome sales were 8 sales, active listings were 55. The benchmark sale price was $951,500.

It’s a buyer’s market for homes and townhomes in Whistler.

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in December 2019.


Squamish

In November 2019, there were 13 sales of detached homes and 66 active listings in Squamish. The benchmark sale price was $977,900.

The condo market had 12 sales and 44 active listings at the end of the month.  The benchmark sale price was $486,500.

The townhome market had 9 sales and, the active listings were 15. The benchmark sale price was $732,300.

It’s a seller’s market for condos and townhomes in Squamish.

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in December 2019. 


Sunshine Coast

In November 2019, Sunshine Coast had 32 sales of detached homes and 236 active listings. The benchmark sale price was $574,600.

The condo market had 4 sales and 55 active listings at the end of the month.

Townhome sales were 3 sales while active listings were 53.

It’s a buyer’s market in Sunshine Coast. 

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in December 2019.

 

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

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – December 2019

North Delta, Surrey, Langley and Fraser Valley Real Estate Market Statistics – December 2019

In December the Board processed a total of 1,247 sales, the third-best December since 2010. Active inventory finished at 4,686 units in December, 20.3% lower than the 10‐year average for the month, with a total of 948 new listings entering the market throughout the month.

Darin Germyn, President of the Board and Macdonald Realty real estate agent said that comparatively, 2019 was slower than normal for that region.  “Earlier in the year, we were still feeling the impact of the stress test introduced in 2018, but with steady job growth in our region and a stable economy, we’ve seen sales in the last few months return to above‐average levels.”

Germyn added, “Some sellers have been holding back on listing, waiting until the market improves, with the result that supply in many areas currently is quite tight; so if you’re looking to enter the market in 2020, now is a good time. Without a healthy supply of inventory in the coming months, we could see upward pressure on prices.”

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.

 

Cloverdale

In the Cloverdale market, there were 70 sales of detached homes and 30 active listings at the end of the month. The benchmark sale price was $998,100.

In comparison, the condo market had 21 sales, 29 active listings, and the benchmark sale price was $448,700.

Townhome market featured 37 sales, 55 active listings and a $560,700 benchmark sale price.

It’s a seller’s market in Cloverdale.

 Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


North Surrey

In the North Surrey market, the benchmark sale price was $933,400 for detached homes. At the end of the month, there were 196 active listings and 48 sales.

The condo market had 91 sales and 241 active listings. The benchmark sale price was $395,700.

Townhomes featured 22 sales, 60 active listings and a $552,200 benchmark sale price.

It’s a seller’s market for condos and townhomes in North Surrey.

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.

Surrey Central

In the Surrey Central market, the benchmark sale price was $999,200 for detached homes. At the end of the month, there were 118 active listings and 329 sales.

The condo market had 28 sales and 53 active listings. The benchmark sale price was $409,300.

Townhomes 69 12 sales, 202 active listings and a $554,400 benchmark sale price.

It’s a seller’s market in Surrey Central. 

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


White Rock/South Surrey

In the White Rock/South Surrey market, there were 61 sales of detached homes and 359 active listings at the end of the month. The benchmark sale price was $1,299,500.

In comparison, the condo market had 49 sales, 178 active listings, and the benchmark sale price was $475,800.

Townhome market featured 43 sales, 147 active listings and a $625,000 benchmark sale price.

It’s a seller’s market for condos and townhomes in White Rock/South Surrey.

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


Abbotsford

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


Langley

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


Mission

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


North Delta

Here are the latest real estate market statistics from Macdonald Realty on Abbotsford, Cloverdale, Langley, Mission, North Delta, North Surrey, Surrey Central, White Rock/South Surrey listings and sales in December 2019.


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 Vancouver Real Estate Market Statistics – December 2019

Greater Vancouver Real Estate Market Statistics – December 2019

According to the Real Estate Board of Greater the Metro Vancouver housing market experienced below-average sales activity and moderate price declines in 2019.

“We didn’t see typical seasonal patterns in 2019. Homebuyer demand was quieter in the normally busy spring season and it picked up in the second half of the year,” Ashley Smith, REBGV president said. “In terms of home values, prices dipped between two and four percent across the region last year depending on the property type.”

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in December 2019.

Vancouver-East

Vancouver-East had 74 sales and 348 active listings for detached homes at the end of the month. The benchmark sales price was $1,390,100.

The condo market featured 98 sales, 252 active listings, and a benchmark sales price was $559,300.

The townhome market had 17 sales and 37 active listings. The benchmark sale price was $880,800.

It’s a seller’s market for condos and townhomes in Vancouver-East.

 Greater Vancouver Real Estate Market Statistics – December 2019

Vancouver West

In December, Vancouver West market had 60 sales and 497 active listings for detached homes. The benchmark sale price was $2,920,800.

There were 260 sales and 847 active listings for condos. The benchmark sale price was $760,300.

The townhome market had 30 sales and 177 active listings. The benchmark sale price was $1,135,600.

It’s a buyer’s market for homes in Vancouver West.

 Greater Vancouver Real Estate Market Statistics – December 2019


West Vancouver

In West Vancouver, there were 28 sales of detached homes and 324 active listings at the end of the month. The benchmark sale price was $2,588,900.

In comparison, the condo market had 11 sales, 82 active listings and a benchmark sale price of $1,009,900.

The townhome market had 5 sales and 15 active listings.

It’s a buyer’s market for homes and condos in West Vancouver .

  Greater Vancouver Real Estate Market Statistics – December 2019


Bowen Island

 Greater Vancouver Real Estate Market Statistics – December 2019

Burnaby East

 Greater Vancouver Real Estate Market Statistics – December 2019


Burnaby North

 Greater Vancouver Real Estate Market Statistics – December 2019


Burnaby South

 Greater Vancouver Real Estate Market Statistics – December 2019


Coquitlam

 Greater Vancouver Real Estate Market Statistics – December 2019


Ladner

 Greater Vancouver Real Estate Market Statistics – December 2019


Pitt Meadows

 Greater Vancouver Real Estate Market Statistics – December 2019


Port Coquitlam

 Greater Vancouver Real Estate Market Statistics – December 2019


Port Moody

 Greater Vancouver Real Estate Market Statistics – December 2019


Richmond

 Greater Vancouver Real Estate Market Statistics – December 2019


Tsawwassen

 Greater Vancouver Real Estate Market Statistics – December 2019


Maple Ridge

 Greater Vancouver Real Estate Market Statistics – December 2019


New Westminster

 Greater Vancouver Real Estate Market Statistics – December 2019


North Vancouver

 Greater Vancouver Real Estate Market Statistics – December 2019

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

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