Greater Vancouver Real Estate Market Statistics – April 2020

Greater Vancouver Real Estate Market Statistics – April 2020

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

“Predictably, the number of home sales and listings declined in April given the physical distancing measures in place,” Colette Gerber, REBGV’s president-elect said. “People are, however, adapting. They’re working with their Realtors to get information, advice and to explore their options so that they’re best positioned in the market during and after this pandemic.”

Find all the infographics by visiting the Facebook Album.

Bowen Island

Bowen Island had 3 sales and 23 active listings for detached homes at the end of the month. The benchmark sales price was $934,500.

 

Burnaby East

Burnaby East had 4 sales and 38 active listings for detached homes at the end of the month. The benchmark sales price was $1,220,400.

The condo market featured 4 sales, 31 active listings, and a benchmark sales price was $750,400.

The townhome market had 3 sales and 15 active listings. The benchmark sale price was $657,000.

It’s a buyer’s market for Homes and Condos in Burnaby East.

Burnaby North

Burnaby North had 14 sales and 96 active listings for detached homes at the end of the month. The benchmark sales price was $1,470,100.

The condo market featured 19 sales, 240 active listings, and a benchmark sales price was $619,100.

The townhome market had 4 sales and 53 active listings. The benchmark sale price was $727,100.

It’s a buyer’s market for in 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

Okanagan Real Estate Market Statistics – April 2020

Okanagan Real Estate Market Statistics – April 2020

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

Central Okanagan: Kelowna and Lake Country

There were 102 sales, 941 active listings, and a $713,450 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 37 sales and 571 active listings at the end of the month. The average sale price was $335,673.

Townhome sales were 40, active listings were 363 and the average sale price was $498,853.

It’s a buyer’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 $509,083. At the end of the month, there were 40 sales and 407 active listings.

There were 7 sales and 73 active listings for condos. The average sale price was $251,022.

In comparison, townhomes featured 8 sales, 132 active listings and a $294,831 average sale price.

It’s a Buyer’s market 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.

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

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

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

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

Squamish

In March 2020, there were 18 sales of detached homes and924 active listings in Squamish. The benchmark sale price was $996,500.
The condo market had 7 sales and499 active listings at the end of the month.  The benchmark sale price was $486,300.
The townhome market had 9 sales and, the active listings were 28. The benchmark sale price was $726,500.
It’s a seller’s market for townhomes in Squamish.


Sunshine Coast

In March 2020, Sunshine Coast had 44 sales of detached homes and 293 active listings. The benchmark sale price was $569,200.
The condo market had 3 sales and 72 active listings at the end of the month.
Townhome sales were 9 sales while active listings were 59.
It’s a buyer’s market in Sunshine Coast.

Whistler 

In March 2020, Whistler had 10 sales of detached homes and 86 active listings. The benchmark sale price was $1,670,000.
The condo market had 15 sales and 125 active listings at the end of the month.  The benchmark sale price was $484,800.
Townhome sales were 8 sales, active listings were 68. The benchmark sale price was $944,800.
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

Greater Vancouver Real Estate Market Statistics – March 2020

Greater Vancouver Real Estate Market Statistics – March 2020

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

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,524 in March 2020, a 46.1% increase from the 1,727 sales recorded in March 2019, and a 17.4% increase from the 2,150 homes sold in February 2020.

Ashley Smith, REBGV president said:

“The first two weeks of the month were the busiest days of the year for our region with heightened demand and multiple offers becoming more common. Like other aspects of our lives, this changed as concerns over the COVID-19 situation in our province grew.”

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.

Burnaby East

In March 2020, there were 6 sales of detached homes and 40 active listings in Burnaby East. The benchmark sale price was $1,225,300.
The condo market had 11 sales and 29 active listings at the end of the month. The benchmark sale price was $768,900.
The townhome market had 6 sales and, the active listings were 17. The benchmark sale price was $658,100.
It’s a seller’s market for condos and townhomes in Burnaby East.

Burnaby North

In March 2020, there were 31 sales of detached homes and 105 active listings in Burnaby East. The benchmark sale price was $1,453,100.
The condo market had 71 sales and 229 active listings at the end of the month. The benchmark sale price was $616,500.
The townhome market had 18 sales and, the active listings were 42. The benchmark sale price was $727,700.
It’s a seller’s market in Burnaby North.

Burnaby South

In March 2020, there were 32 sales of detached homes and 132 active listings in Burnaby East. The benchmark sale price was $1,493,500.
The condo market had 88 sales and 254 active listings at the end of the month. The benchmark sale price was $768,400.
The townhome market had 13 sales and, the active listings were 47. The benchmark sale price was $768,400.
It’s a seller’s market for condos and townhomes in Burnaby North.

 

Bowen Island

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

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.