Buying Real Estate Archives - Page 3 of 11 - macdonald realty
 
Greater Vancouver Real Estate Market Statistics – June 2020

Greater Vancouver Real Estate Market Statistics – June 2020

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

According to the Real Estate Board of Greater Vancouver, “home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6% increase from the 2,077 sales recorded in June 2019, and a 64.5% increase from the 1,485 homes sold in May 2020. Last month’s sales were 21.9% below the 10-year June sales average.

“REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way. Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place.”

“Much more of the real estate transaction is happening virtually today. Before considering an in-person showing, REALTORS® are helping potential buyers pre-screen homes more thoroughly by taking video tours, reviewing floorplans and an increased number of high-resolution images, as well as often driving through the neighborhood.”

Colette Gerber, REBGV Chair

Bowen Island

Burnaby East

Burnaby North

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

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

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

According to the Board, by the end of June, the Fraser Valley real estate market saw a resurgence in activity in June as the industry and consumers continue to successfully adapt to doing business during a pandemic.

Chris Shields, President of the Board, observes, “We’re cautiously optimistic. June’s numbers clearly indicate that the market is functioning in this challenging new environment and we’re returning to more typical activity levels.”

“It’s due to a combination of factors. Obviously, very low interest rates, pent-up demand from the previous three months when the market was on hold, and the new CMHC rules that came into effect on July 1st making it harder to qualify for mortgage insurance. Also, consumers have told us that they respect and appreciate the safety protocols and use of technology we’ve implemented and they’re getting more comfortable with the new buying and selling process.”

Based on the board report “The Fraser Valley Real Estate Board (FVREB) processed a total of 1,718 sales on its Multiple Listing Service® (MLS®) in June, an increase of 113.4% compared to sales in May and an increase of 31.5% compared to the 1,306 sales during June of last year. Last month’s sales were 6.4% below the ten-year average for June.”

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

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

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

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

Squamish

In June 2020, there were 17 sales of detached homes and 109 active listings in Squamish. The benchmark sale price was $977,100.
The condo market had 17 sales and 64 active listings at the end of the month.  The benchmark sale price was $502,700.
The townhome market had 16 sales and, the active listings were 43. The benchmark sale price was $681,500.
It’s a seller’s market for condos and townhomes in Squamish.

 

Sunshine Coast

Whistler 

 

 


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

Okanagan Real Estate Market Statistics – June 2020

Okanagan Real Estate Market Statistics – June 2020

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

Central Okanagan: Kelowna and Lake Country

There were 261 sales, 1,070 active listings, and a $748,428 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 97 sales and 702 active listings at the end of the month. The average sale price was $339,241.
Townhome sales were 77, active listings were 408 and the average sale price was $524,638.
It’s a buyer’s market for Condos in Central Okanagan.

central and north okanagan real estate market stats

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $563,028. At the end of the month, there were 106 sales and 463 active listings.
There were 17 sales and 67 active listings for condos. The average sale price was $221,215.
In comparison, townhomes featured 34 sales, 144 active listings and a $385,894 average sale price.
It’s a seller’s market for condos 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.

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

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

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

 Greater Victoria

Greater Victoria had 371 sales and 734 active listings for detached homes at the end of the month. The benchmark sales price was $790,900.
The condo market featured 209 sales, 764 active listings, and a benchmark sales price was $512,800.
The townhome market had 100 sales and 250 active listings. The benchmark sale price was $590,100.
It’s a seller’s market in Greater Victoria.

“This June we saw competing factors from all different sides of the real estate equation,” says Victoria Real Estate Board President Sandi-Jo Ayers. “If all we do is look at numbers, we see a fairly normal June, in the midst of a very not normal world. The impact of COVID-19 on our entire economy continues. And while some buyers and sellers are slow to emerge from isolation, others have been highly active since the start of Phase 2 of BC’s Restart Plan. Because of the pandemic, an eviction order that prohibited a landlord from ending a tenancy was introduced. The order may have kept some homes from going to market. The portion of this order that prevented a seller from providing vacant possession of a tenanted home was lifted late this month, which may bring some listings to market that had been stalled. Due to the pandemic alone, we have multiple factors influencing the inventory and sales in our market.”

Victoria real estate market stats

 

Nanaimo

Victoria real estate market stats

Parksville / Qualicum

Victoria real estate market stats

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.

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

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

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

Squamish

In May 2020, there were 12 sales of detached homes and 99 active listings in Squamish. The benchmark sale price was $952,780.

The condo market had 4 sales and 74 active listings at the end of the month.  The benchmark sale price was $480,000.

The townhome market had 5 sales and, the active listings were 39. The benchmark sale price was $683,100.

It’s a buyer’s market in Squamish.

 

Sunshine Coast

In May 2020, Sunshine Coast had 28 sales of detached homes and 319 active listings. The benchmark sale price was $586,300.

The condo market had 1 sale and 52 active listings at the end of the month.

Townhome sales were 1 sale while active listings were 50.

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

 

Whistler 

In May 2020, Whistler had 1 sale of detached homes and 83 active listings. The benchmark sale price was $1,665,700.

The condo market had 6 sales and 139 active listings at the end of the month.  The benchmark sale price was $479,700.

Townhome sales were 4 sales, active listings were 83.
The benchmark sale price was $907,900.

It’s a buyer’s market in Whistler.

 

 

 


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