Greater Vancouver Real Estate Market Statistics – June 2021

Greater Vancouver Real Estate Market Statistics – June 2021

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

While still elevated, home sale and listing activity in Metro Vancouver* has eased back from the record-setting pace seen in March and April of this year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54 per cent increase from the 2,443 sales recorded in June 2020, and an 11.9 per cent decrease from the 4,268 homes sold in May 2021. Last month’s sales were 18.4 per cent above the 10-year June sales average.

“Metro Vancouver’s housing market continues to experience strong seller’s market conditions, although the intensity of demand has eased from what we saw throughout most of the spring,” Keith Stewart, REBGV economist said. “The past two months have shown a market that’s shifting toward more historically typical conditions.”

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 – June 2021

Okanagan Real Estate Market Statistics – June 2021

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

Central Okanagan: Kelowna and Lake Country

There were 344 sales, 489 active listings, and $915,100 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 207 sales and 315 active listings at the end of the month. The average sale price was $459,300.
Townhome sales were 100, active listings were 161 and the average sale price was $637,200.
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 $660,500. At the end of the month, there were 132 sales and 190 active listings.
There were 21 sales and 65 active listings for condos. The average sale price was $287,900.
In comparison, townhomes featured 39 sales, 61 active listings and a $430,000 average sale price.
It’s a seller’s market in North Okanagan.

South Okanagan

There were 113 sales, 358 active listings, and $749,376 average sale price for detached.
The condo market featured 52 sales and 106 active listings at the end of the month. The average sale price was $456,203.
Townhome sales were 26, active listings were 61 and the average sale price was $420,156.
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/.

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

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

According to the Fraser Valley Real Estate Board sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained robust in June however, for the first time since last September, monthly sales did not break a historical record.

In June, the Board processed 2,247 sales on its MLS®, a decrease of 24 per cent compared to May and a 31 per cent increase compared to June of last year. Sales continued to remain elevated compared to a typical June – 22 per cent above the ten‐year average.

Larry Anderson, President of the Board, said, “In June, we shifted from an extreme seller’s market to a strong seller’s market. Although demand for Fraser Valley homes remains very high – over 40 per cent of active listings
sold in June – we’re seeing the market settle down giving buyers and sellers more room to maneuver.

“We’re now seeing more subject offers and for the first time in months, we’re starting to see price reductions.” In June, the Board received 3,108 new listings, a decrease of 10 per cent compared to last year, and a decrease of 21 per cent compared to May 2021. The month ended with total active inventory sitting at 5,474, a 7 per cent decrease compared to May, and 22.5 per cent fewer than June 2020.

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

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

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in June 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 low inventory and strong demand continue in Victoria real estate market.

“We are at a point now where we can look at yearly comparisons with a new lens,” said Victoria Real Estate Board President David Langlois. “In recent months we have been unable to glean anything by comparing year over year numbers because of the sudden and unexpected impact of the pandemic on the 2020 market. But June last year was when the market started its reacceleration. Buyers came back into the market in droves even though listings were restrained compared to long-term averages.”

 

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.

Okanagan Real Estate Market Statistics – May 2021

Okanagan Real Estate Market Statistics – May 2021

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

Central Okanagan: Kelowna and Lake Country

There were 335 sales, 489 active listings, and $901,600 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 234 sales and 339 active listings at the end of the month. The average sale price was $455,400.
Townhome sales were 121, active listings were 163 and the average sale price was $621,800.
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 $641,100. At the end of the month, there were 134 sales and 194 active listings.
There were 33 sales and 63 active listings for condos. The average sale price was $285,400.
In comparison, townhomes featured 36 sales, 53 active listings and a $424,400 average sale price.
It’s a seller’s market in North Okanagan.

South Okanagan

There were 134 sales, 340 active listings, and $860,232 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 55 sales and 110 active listings at the end of the month. The average sale price was $374,404.
Townhome sales were 38, active listings were 53 and the average sale price was $477,303.
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/.

Greater Vancouver Real Estate Market Statistics – May 2021

Greater Vancouver Real Estate Market Statistics – May 2021

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

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold in April 2021.

Last month’s sales were 27.7 per cent above the 10-year May sales average.

“While home sale and listing activity remained above our long-term averages in May, conditions moved back from the record-setting pace experienced throughout Metro Vancouver in March and April of this year,” Keith Stewart, REBGV economist said. “With a little less intensity in the market today than we saw earlier in the spring, home sellers need to ensure they’re working with their REALTOR® to price their homes based on current market conditions.”

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

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