Industry Archives - macdonald realty
 
Okanagan Real Estate Market Statistics – March 2020

Okanagan Real Estate Market Statistics – March 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2020.   

Central Okanagan: Kelowna and Lake Country  

 

Central Okanagan: Kelowna and Lake Country

There were 176 sales, 903 active listings, and a $718,009 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 91 sales and 561 active listings at the end of the month. The average sale price was $331,953.

Townhome sales were 74, active listings were 320 and the average sale price was $516,250.

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

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $509,463. At the end of the month, there were 67 sales and 398 active listings.

There were 12 sales and 65 active listings for condos. The average sale price was $278,692.

In comparison, townhomes featured 28 sales, 119 active listings and a $356,337 average sale price.

It’s a balanced market in North Okanagan.

North Okanagan: Vernon and surrounding area

 

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.

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

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

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

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

 Greater Victoria

According to the Victoria Real Estate Board “A total of 608 properties sold in the Victoria Real Estate Board region this March, five per cent fewer than the 640 properties sold in March 2019 but eight per cent more than the previous month of February 2020. Sales of condominiums were down 9.2 per cent from March 2019 with 178 units sold. Sales of single family homes decreased by 5.3 per cent from March 2019 with 305 sold.

“Last month, we stated that we saw the spring market kicking off,” says Victoria Real Estate Board President Sandi-Jo Ayers. “The start of March continued that trend and we saw higher year over year sales for the first weeks of the month – spring had officially sprung with multiple offers, new listings and sales. And then the world changed. Since the COVID-19 pandemic was declared, we have tracked a predictable downturn of sales in our market. Moving forward it is hard to predict what our spring market will look like, but it will likely be very different than recent years as our entire community slows down to stay healthy.”

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 2020.

Nanaimo

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 2020.

Parksville / Qualicum

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 2020.

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 – February 2020

Okanagan Real Estate Market Statistics – February 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in February 2020.   

Central Okanagan: Kelowna and Lake Country  

There were 122 sales, 800 active listings, and a $734,799 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 88 sales and 495 active listings at the end of the month. The average sale price was $351,814.
Townhome sales were 50, active listings were 320 and the average sale price was $530,487.
It’s a buyer’s market for homes and townhomes in Central Okanagan. Updated monthly, real estate market statistics from Macdonald Realty on Okanagan listings and sales, including Kelowna and Vernon. February 2019

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $519,583. At the end of the month, there were 56 sales and 340 active listings.
There were 15 sales and 55 active listings for condos. The average sale price was $237,927.
In comparison, townhomes featured 22 sales, 105 active listings and a $360,547 average sale price.
It’s a seller’s market for condos in North Okanagan.
Updated monthly, real estate market statistics from Macdonald Realty on Okanagan listings and sales, including Kelowna and Vernon. February 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.

Greater Vancouver Real Estate Market Statistics – February 2020

Greater Vancouver Real Estate Market Statistics – February 2020

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in February 2020.

According to the Real Estate Board of Greater the Metro Vancouver residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020. In the report, the Board highlights that last month’s sales were 15.6 per cent below the 10-year February sales average.

Ashley Smith, REBGV president said:
“Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace -This was most pronounced in the condominium market.”

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.

Please check out the infographics for Squamish, Sunshine Coast and Whistler here.
Find all the infographics by visiting our Facebook Album.

Bowen Island

Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

Burnaby East

Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

 

Burnaby North

Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

 

Burnaby South

Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

Coquitlam

Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

Ladner

Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

Maple Ridge

New Westminster

Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

North Vancouver

Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

Pitt MeadowsUpdated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

Port Coquitlam
Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

Port MoodyUpdated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

RichmondUpdated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

TsawwassenUpdated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

Vancouver East

Updated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

Vancouver WestUpdated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

West VancouverUpdated monthly, real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales. February 2020

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 – February 2020

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

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

Squamish

In February 2020, there were 15 sales of detached homes and 84 active listings in Squamish. The benchmark sale price was $1,001,400.
The condo market had 16 sales and 39 active listings at the end of the month.  The benchmark sale price was $487,100.
The townhome market had 14 sales and, the active listings were 26. The benchmark sale price was $727,800.
It’s a seller’s market for townhomes in Squamish.

Updated monthly, real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales. February 2020.

Sunshine Coast

In February 2020, Sunshine Coast had 31 sales of detached homes and 279 active listings. The benchmark sale price was $556,900.
The condo market had 8 sales and 52 active listings at the end of the month.
Townhome sales were 2 sales while active listings were 67.
It’s a buyer’s market in Sunshine Coast.

Updated monthly, real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales. February 2020.

Whistler 

In February 2020, Whistler had 7 sales of detached homes and 94 active listings. The benchmark sale price was $1,680,000.
The condo market had 16 sales and 118 active listings at the end of the month.  The benchmark sale price was $494,200.
Townhome sales were 8 sales, active listings were 69. The benchmark sale price was $950,200.
It’s a buyer’s market in Whistler.

Updated monthly, real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales. February 2020.


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