Okanagan Real Estate Market Statistics – August 2022

Okanagan Real Estate Market Statistics – August 2022

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in August 2022.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 170 sales, 1,091 active listings, and $1,017,500 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 126 sales and 497 active listings at the end of the month. The average sale price was $526,700. Townhome sales were 54, active listings were 291 and the average sale price was $772,700. It’s a buyer’s market for single family homes in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $739,000. At the end of the month, there were 69 sales and 349 active listings. There were 17 sales and 49 active listings for condos. The average sale price was $328,100. In comparison, townhomes featured 29 sales, 79 active listings and a $559,700 average sale price. It’s a balanced market for single family homes in North Okanagan.

South Okanagan

There were 64 sales, 361 active listings, and $791,000 average sale price for detached homes in the South Okanagan market.
The condo market featured 29 sales and 112 active listings at the end of the month. The average sale price was $459,400. Townhome sales were 17, active listings were 112 and the average sale price was $557,400. It’s a balanced market for single family homes in South 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 the Association Of Interior REALTORS® https://www.interiorrealtors.ca/.

Greater Vancouver Real Estate Market Statistics – August 2022

Greater Vancouver Real Estate Market Statistics – August 2022

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in August 2022. Find all the infographics by visiting the Facebook Album.

Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales recorded in August 2021, and a 0.9 per cent decrease from the 1,887 homes sold in July 2022.

Last month’s sales were 29.2 per cent below the 10-year August sales average.

“With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages this summer,” Andrew Lis, REBGV’s director, economics and data analytics said. “This shift in market conditions caused prices to edge down over the past four months.”

There were 3,328 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2022. This represents a 17.5 per cent decrease compared to the 4,032 homes listed in August 2021 and a 16 per cent decrease compared to July 2022 when 3,960 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,662, a 7.3 per cent increase compared to August 2021 (9,005) and a 6.1 per cent decrease compared to July 2022 (10,288).

*Areas covered by the Real Estate Board of Greater Vancouver include Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler. Check out the infographics of Squamish, Sunshine Coast and Whistler, HERE.

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Ladner

Maple Ridge

New Westminster

North Vancouver

Pitt Meadows

Coquitlam

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

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – August 2022

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – August 2022

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in August 2022.

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

Whistler 

In August 2022, there were 7 sales of detached homes and 67 active listings. The benchmark sale price was $2,737,600.
The condo market had 21 sales and  90 active listings at the end of the month.  The benchmark sale price was $711,500.
The townhome market had 11 sales and the active listings were 44. The benchmark sale price was $1,487,800.
It’s a buyer’s market for single family homes in Whistler.

 

Squamish

In August 2022, there were 8 sales of detached homes and 104 active listings. The benchmark sale price was $1,763,100.
The condo market had 6 sales and 45 active listings at the end of the month. The benchmark sale price was $621,200.
The townhome market had 6 sales and, the active listings were 37. The benchmark sale price was $1,032,400.
It’s a buyer’s market in Squamish.

 

Sunshine Coast

In August 2022, there were 29 sales of detached homes and 273 active listings. The benchmark sale price was $957,200.
The condo market had 4 sales and 25 active listings at the end of the month.
The townhome market had 2 sales and, the active listings were 16.
It’s a buyer’s market in Sunshine Coast.

 


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

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – July 2022

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – July 2022

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in July 2022.

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

Whistler 

In July 2022, there were 5 sales of detached homes and 72 active listings. The benchmark sale price was $2,805,600.
The condo market had 6 sales and  95 active listings at the end of the month.  The benchmark sale price was $758,600.
The townhome market had 8 sales and the active listings were 49. The benchmark sale price was $1,536,400.
It’s a buyer’s market in Whistler.

 

Squamish

In July 2022, there were 14 sales of detached homes and 107 active listings. The benchmark sale price was $1,787,300.
The condo market had 3 sales and 46 active listings at the end of the month. The benchmark sale price was $672,100.
The townhome market had 7 sales and, the active listings were 41. The benchmark sale price was $1,077,700.
It’s a buyer’s market for single family homes and condos in Squamish.

 

Sunshine Coast

In July 2022, there were 34 sales of detached homes and 275 active listings. The benchmark sale price was $997,000.
The condo market had 5 sales and 21 active listings at the end of the month.
The townhome market had 2 sales and, the active listings were 14.
It’s a Buyer’s market for single family homes and townhomes in Sunshine Coast.

 


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 – July 2022

Greater Vancouver Real Estate Market Statistics – July 2022

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in July 2022. Find all the infographics by visiting the Facebook Album.

Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 in July 2022, a 43.3 per cent decrease from the 3,326 sales recorded in July 2021, and a 22.8 per cent decrease from the 2,444 homes sold in June 2022.

Last month’s sales were 35.2 per cent below the 10-year July sales average.

“Home buyers are exercising more caution in today’s market in response to rising interest rates and inflationary concerns,” Daniel John, REBGV Chair said. “This allowed the selection of homes for sale to increase and prices to edge down in the region over the last three months.”

There were 3,960 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2022. This represents a 9.5 per cent decrease compared to the 4,377 homes listed in July 2021 and a 24.7 per cent decrease compared to June 2022 when 5,256 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,288, a 4.4 per cent increase compared to July 2021 (9,850) and a 1.3 per cent decrease compared to June 2022 (10,425).

*Areas covered by the Real Estate Board of Greater Vancouver include Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler. Check out the infographics of Squamish, Sunshine Coast and Whistler, HERE.

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Ladner

Maple Ridge

New Westminster

North Vancouver

Pitt Meadows

Coquitlam

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 – July 2022

Okanagan Real Estate Market Statistics – July 2022

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in July 2022.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 124 sales, 1,126 active listings, and $1,060,400 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 85 sales and 461 active listings at the end of the month. The average sale price was $522,100. Townhome sales were 52, active listings were 281 and the average sale price was $783,500. It’s a buyer’s market for single family homes in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $774,400. At the end of the month, there were 86 sales and 330 active listings. There were 18 sales and 51 active listings for condos. The average sale price was $325,900. In comparison, townhomes featured 24 sales, 73 active listings and a $593,600 average sale price. It’s a seller’s market in North Okanagan.

South Okanagan

There were 77 sales, 379 active listings, and $817,900 average sale price for detached homes in the South Okanagan market.
The condo market featured 21 sales and 119 active listings at the end of the month. The average sale price was $452,900. Townhome sales were 18, active listings were 91 and the average sale price was $585,600. It’s a balanced market in South 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 the Association Of Interior REALTORS® https://www.interiorrealtors.ca/.