House and Home Archives - macdonald realty
 
Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – May 2020

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

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

 Greater Victoria

Greater Victoria had 214 sales and 739 active listings for detached homes at the end of the month. The benchmark sales price was $780,500.

The condo market featured 108 sales, 686 active listings, and a benchmark sales price was $519,600.

The townhome market had 61 sales and 214 active listings. The benchmark sale price was $595,300.

It’s a seller’s market for homes and Townhomes in Greater Victoria.

“Our market continues to respond to the current health crisis,” says Victoria Real Estate Board President Sandi-Jo Ayers. “Activity in real estate right now echoes the activity in our broader community – as restrictions gradually begin to lift – so too have our sales and listings numbers. Of course, like any industry, we do not expect a sudden shift back to any kind of normal. That said, one theme that persists in our market is that well-priced properties in high demand areas continue to see multiple offers. Demand exists and we continue to have motivated buyers searching for their perfect home.”

 


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 – May 2020

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

According to the Board, by the end of May, the Fraser Valley Real Estate Board (FVREB) processed a total of 805 sales on its Multiple Listing Service® (MLS®) in May, an increase of 17% compared to sales in April and a decrease of 47% compared to the 1,517 sales during May of last year.

Chris Shields, President of the Board, observes, “This is an encouraging sign. Real estate is an essential service and it’s one of the most important economic drivers in BC’s economy.

“Realtors and consumers deserve to be congratulated. It’s not easy to adapt quickly to physical distancing, virtual tools and strict personal safety protocols and yet we’re seeing more and more transactions happening daily as we all get more comfortable and confident with the new normal.”

Based on the board report “The Fraser Valley Board received 2,207 new listings in May, a 56% increase compared to April’s intake of 1,416 new listings and a 38% decrease compared to May of last year. May finished with 6,454 active listings, an increase of 8% compared to April’s inventory and a decrease of 24% year-over-year.”

In May, the average number of days to sell an apartment was 38; 36 for townhomes and 31 for single family detached.

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

4 Modern & Beautiful Homes You Will Never Want To Leave

4 Modern & Beautiful Homes You Will Never Want To Leave

Never in a million years did we think we would be spending so much time at home. Social distancing? Quarantine? All of this has become a reality, and we all have learned a new way of life.
More time at home means more time to spend with our family and more time to enjoy each corner of our place.

After a few months, we might be in need of looking for some inspiration, pictures from beautiful homes, decor trends and plants. You may need to bring a refresh into your home decor, or maybe you are thinking of how amazing it would be living in a bigger house to accommodate the new routine for the whole family. We’ve selected 4 places from Macdonald Realty’s listings that will get you inspired.

Neutral Colours

All the stunning finishes with this neutral tone palette work very nicely within this living room and dining area.  This modern decor invites us to stay here forever. 10-foot high ceilings are a charm, and we love the way it adds sophistication to the place.

SOLD by Karin Tham PREC* & Keturah Tam / MLS R2440769

 

SOLD by Karin Tham PREC* & Keturah Tam / MLS R2440769

 

Details in Every Corner

Stunningly designed and crafted by Satori Homes, this modern 5,835 sqft. home is trully masterpiece. You’re instantly taken by the functional and sophisticated open concept living space with eclipse doors leading to your covered outdoor living area. There’re so many great little details here, like the multi-level ceiling, central fireplace, and built-in shelving. The large windows highlight all of the distinct decors and flood the home with natural light.

Listed by Wes Hansen PREC* / MLS R2432038

 

Listed by Wes Hansen PREC* / MLS R2432038

 

Bold Kitchen Design

This ultra-luxe gourmet kitchen takes a bold approach with its bright tones and custom counter-top. The under and over cabinet lighting highlight the marble throughout. The views from the living room encourage you to spend your time on your terrace with a fire pit. Bringing indoor/outdoor living to a new level.

Listed by Team McKnight Real Estate / MLS R2442538

 

Listed by Team McKnight Real Estate / MLS R2442538

 

Touch of Gold

Designed for family living, this 3 bed home offers an integrated living space with minimalist decor. The touch gold plus the fully installed air conditioning will keep you cool on those hot summer days, while the radiant in-floor heat & fireplace will keep you cozy on cold winter nights.

Listed by Sean Stevens / MLS R2454667

 

Listed by Sean Stevens / MLS R2454667

 

Want to see more beautiful homes? Visit our website: http://macrealty.com/ and find more places to inspire you.

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

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

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

 Greater Victoria

A total of 287 properties sold in the Victoria Real Estate Board region this April, 58.8 per cent fewer than the 696 properties sold in April 2019 and 52.8 per cent fewer than the previous month of March 2020. Sales of condominiums were down 64 per cent from April 2019 with 73 units sold. Sales of single family homes were down 55.8 per cent from April 2019 with 163 sold.

“We continue to see the impact of the COVID-19 pandemic on the local real estate market,” says Victoria Real Estate Board President Sandi-Jo Ayers. “Sales numbers are much lower than what we expected to see this spring and new listings are slow to come to market as owners wait to see what our community’s trajectory is over the course of this pandemic. As a result, the available inventory of properties for sale remains lower than in April last year. Like so many other industries, much of the real estate market is watching, waiting and adapting.”

Greater Victoria had 133 sales and 666 active listings for detached homes at the end of the month. The benchmark sales price was $775,900.

The condo market featured 32 sales, 209 active listings, and a benchmark sales price was $608,900.

The townhome market had 73 sales and 581 active listings. The benchmark sale price was $520,900.

It’s a buyer’s market for Condos and Townhomes in Greater Victoria.

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 – April 2020

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

According to the Board, by the end of April, the FVREB processed a total of 688 sales on its Multiple Listing Service® (MLS®) in April, a decrease of 52 per cent compared to sales in March and a decrease of 50 per cent compared to April of last year.   According to FVREB historical data, last month’s sales were on par with April sales in 1983 through to 1985; and new listings are in line with numbers last seen in April 1981.

Chris Shields, President of the Board, observes, “Even though March’s initial numbers promised a banner spring, we expected the market to respond this way in April. Both sales and listings contracted in tandem as we all moved swiftly to embrace the measures necessary to respond to this global pandemic.  Given that the volume of new listings coming on stream fell even faster than sales in April, the market remains stable.”

Based on the board report “The Fraser Valley Board received 1,416 new listings in April, a 47 per cent decrease compared to March’s intake of 2,666 new listings and a 58 per cent decrease compared to April of last year. April finished with 5,997 active listings, a decrease of 1 per cent compared to March’s inventory and a decrease of 24 per cent year‐over‐year.”

In April, the average number of days to sell an apartment was 31; 30 for townhomes and 33 for single family detached.

Find all the infographics related to the February 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

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

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

According to the Fraser Valley Real Estate Board, by the end of March, a total of 1,441 sales on its MLS® were processed, a 7% increase compared to sales in February 2020, and an 18% increase compared to the 1,221 sales in March 2019.

Chris Shields, President of the Board, observes, “Sales were steadily increasing as is typical moving into spring, and then understandably and necessarily, they started to decline. We serve the public and we understand it is very challenging to buy or list a home while maintaining physical distancing, however if you need us, know that we are here for you.”

Based on the board report “The Board received 2,666 new listings in March, a 4 per cent increase compared to February’s intake of 2,557 new listings. In the lead up to March 10, new listings were tracking 3 per cent higher compared to the same period last year.

By month-end, new listings finished 7 per cent lower compared to March of last year taking the number of active listings to 6,083, an increase of 6 per cent compared to February’s inventory and a decrease of 13 per cent year‐over‐year.”

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

Abbotsford

Updated monthly, real estate market statistics from Macdonald Realty on the North Delta, Surrey, Langley and Fraser Valley listings and sales. March 2020

Cloverdale

Updated monthly, real estate market statistics from Macdonald Realty on the North Delta, Surrey, Langley and Fraser Valley listings and sales. March 2020

LangleyUpdated monthly, real estate market statistics from Macdonald Realty on the North Delta, Surrey, Langley and Fraser Valley listings and sales. March 2020

Mission

Updated monthly, real estate market statistics from Macdonald Realty on the North Delta, Surrey, Langley and Fraser Valley listings and sales. March 2020

North Delta

Updated monthly, real estate market statistics from Macdonald Realty on the North Delta, Surrey, Langley and Fraser Valley listings and sales. March 2020

 

North Surrey
Updated monthly, real estate market statistics from Macdonald Realty on the North Delta, Surrey, Langley and Fraser Valley listings and sales. March 2020

Surrey Central

Updated monthly, real estate market statistics from Macdonald Realty on the North Delta, Surrey, Langley and Fraser Valley listings and sales. March 2020

White Rock / South Surrey

Updated monthly, real estate market statistics from Macdonald Realty on the North Delta, Surrey, Langley and Fraser Valley listings and sales. March 2020

 

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

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