Industry Archives - macdonald realty
 
Greater Vancouver Real Estate Market Statistics – April 2021

Greater Vancouver Real Estate Market Statistics – April 2021

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in April 2021.
Find all the infographics by visiting the Facebook Album.

According to The Real Estate Board of Greater Vancouver (REBGV) “home sellers have become increasingly active in Metro Vancouver’s* housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic.

The Board reports that residential home sales in the region totalled 4,908 in April 2021, a 342.6% increase from the 1,109 sales recorded in April 2020, and a 14% decrease from the 5,708 homes sold in March 2021.

“Last month’s sales were 56.2% above the 10-year April sales average and are the highest total on record for the month.” – said the REBGV.

“Our housing market has changed considerably from one year ago when COVID-19 concerns brought activity to a near standstill,” Keith Stewart, REBGV’s economist said. “This was followed by a well-documented spike in home buyer demand across the region. So far this spring, we’ve seen a corresponding supply response from home sellers.”

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 – April 2021

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – April 2021

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in April 2021.
Find all the infographics related to the May Market Statistics by visiting the Facebook Album.

Whistler 

In April 2021, there were 13 sales of detached homes and 49 active listings. The benchmark sale price was $2,008,600.
The condo market had 35 sales and 95 active listings at the end of the month.  The benchmark sale price was $571,800.
The townhome market had 19 sales and, the active listings were 18. The benchmark sale price was $1,124,800.
It’s a Seller’s market in Whistler.

 

Squamish

In April 2021, there were 32 sales of detached homes and 73 active listings. The benchmark sale price was $1,062,300.
The condo market had 35 sales and 39 active listings at the end of the month. The benchmark sale price was $542,500.
The townhome market had 25 sales and, the active listings were 24. The benchmark sale price was $845,200.
It’s a Seller’s Market in Squamish.

 

Sunshine Coast

In April 2021, there were 80 sales of detached homes and178 active listings. The benchmark sale price was $821,800.
The condo market had 20 sales and 33 active listings at the end of the month.
The townhome market had 10 sales and, the active listings were 14.
It’s a Seller’s market on 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 Victoria, Parksville and Nanaimo Real Estate Market Statistics – April 2021

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – April 2021

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in April 2021.
Find all the infographics related to the April Market Statistics by visiting the Facebook Album.

Greater Victoria

According to the Victoria Real Estate Board the housing market in Greater Victoria remains in high demand.

“Comparing last year’s April market to 2021 does not provide us any real insight into long term market trends,” said Victoria Real Estate Board President David Langlois. “Instead of comparing to last year’s numbers, we need to look at years before the pandemic to see how April 2021 compares to average. In the most recent five years pre-pandemic, the average number of sales in the month of April was 896. April 2016 holds the record for sales with 1,286 properties sold. The five-year average for active listings was 2,596, so we sit at more than one thousand homes fewer than a recent average level of inventory.”

A total of 1,116 properties sold in the Victoria Real Estate Board region this April, 288.9% more than the 287 properties sold in April 2020, but 4.9% fewer than the previous month of March. Sales of
condominiums were up 353.4% from April 2020 with 331 units sold. 12.2% fewer condominiums sold in April 2021 than in the previous month of March. Sales of single-family homes were up 246% from
April 2020 with 564 sold. 1.7% fewer single-family homes sold in April 2021 than in the previous month of March.


 

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 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 2021

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – April 2021

According to the Fraser Valley Real Estate Board “monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices”.

According to the board, for the 8th consecutive month, Fraser Valley real estate saw record‐breaking sales with April topping the previous monthly high set in 2016. The 2020/2021 pandemic seller’s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record‐breaking months, last set in 2015/2016.

In April, also released by the Fraser Valley Real Estate Board (FVREB) processed 3,016 sales on its Multiple Listing Service® (MLS®), an increase of 338% compared to April 2020 and a 9% decrease compared to March. (Note that sales and new listings in April 2020 were significantly restricted due to the pandemic lockdown.) The previous record high for sales in April was 2,969 in 2016.

Larry Anderson, President of the Board, said of this month’s statistics, “Although it remains very competitive and challenging for buyers, April could be the turning point in this historic market. In the last couple of weeks, we have seen evidence of a change in pace.

“In general, we’re seeing fewer multiple offers, fewer subject‐free offers, and homes over‐priced are starting to sit longer. These are positive signs that the market is responding to near‐record levels of new inventory.”

Find all the infographics related to the April 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

Okanagan Real Estate Market Statistics – April 2021

Okanagan Real Estate Market Statistics – April 2021

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2021.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 398 sales, 450 active listings, and $974,471 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 249 sales and 365 active listings at the end of the month. The average sale price was $435,301.
Townhome sales were 127, active listings were 148 and the average sale price was $641,003.
It’s a seller’s market in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $665,625. At the end of the month, there were 177 sales and 196 active listings.
There were 32 sales and 70 active listings for condos. The average sale price was $281,986.
In comparison, townhomes featured 53 sales, 49 active listings and a $456,914 average sale price.
It’s a seller’s market in North Okanagan.

South Okanagan

There were185 sales, 454 active listings, and $718,851 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 76 sales and 102 active listings at the end of the month. The average sale price was $432,279.
Townhome sales were 44, active listings were 52 and the average sale price was $444,606.
It’s a seller’s 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/.

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – March 2021

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – March 2021

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in March 2021.
Find all the infographics related to the May Market Statistics by visiting the Facebook Album.

Whistler 

In March 2021, there were 20 sales of detached homes and 53 active listings. The benchmark sale price was $1,874,100.
The condo market had 51 sales and 97 active listings at the end of the month.  The benchmark sale price was $535,300.
The townhome market had 24 sales and, the active listings were 26. The benchmark sale price was $1,084,600.
It’s a Seller’s market in Whistler.

 

Squamish

In March 2021, there were 46 sales of detached homes and 66 active listings. The benchmark sale price was $1,094,800.
The condo market had 27 sales and 51 active listings at the end of the month. The benchmark sale price was $510,600.
The townhome market had 24 sales and, the active listings were 21. The benchmark sale price was $826,600.
It’s a Seller’s Market in Squamish.

 

Sunshine Coast

In March 2021, there were 106 sales of detached homes and 158 active listings. The benchmark sale price was $765,000.
The condo market had 13 sales and 33 active listings at the end of the month.
The townhome market had 13 sales and, the active listings were 18.
It’s a Seller’s market on 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

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