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

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

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

Whistler 

In September 2021, there were 14 sales of detached homes and 39 active listings. The benchmark sale price was $2,472,500.
The condo market had 29 sales and 52 active listings at the end of the month.  The benchmark sale price was $611,300.
The townhome market had 21 sales and, the active listings were 13. The benchmark sale price was $1,286,500.
It’s a Seller’s market in Whistler.

 

Squamish

In September 2021, there were 20 sales of detached homes and 55 active listings. The benchmark sale price was $1,366,700.
The condo market had 11 sales and 23 active listings at the end of the month. The benchmark sale price was $587,400.
The townhome market had 17 sales and, the active listings were 18. The benchmark sale price was $880,900.
It’s a Seller’s Market in Squamish.

 

Sunshine Coast

In September 2021, there were 70 sales of detached homes and 145 active listings. The benchmark sale price was $867,700.
The condo market had 9 sales and 37 active listings at the end of the month.
The townhome market had 6 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

Okanagan Real Estate Market Statistics – September 2021

Okanagan Real Estate Market Statistics – September 2021

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

Central Okanagan: Kelowna and Lake Country

There were 244 sales, 484 active listings, and $923,500 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 161 sales and 248 active listings at the end of the month. The average sale price was $478,300.
Townhome sales were 75, active listings were 144 and the average sale price was $675,300.
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 $687,400. At the end of the month, there were 80 sales and 172 active listings.
There were 20 sales and 47 active listings for condos. The average sale price was $300,800.
In comparison, townhomes featured 32 sales, 65 active listings and a $434,400 average sale price.
It’s a seller’s market in North Okanagan.

South Okanagan

There were 98 sales, 260 active listings, and $675,600 average sale price for detached homes in the South Okanagan market.
The condo market featured 43 sales and 93 active listings at the end of the month. The average sale price was $354,900.
Townhome sales were 24, active listings were 69 and the average sale price was $447,200.
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 – September 2021

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

According to the Fraser Valley Real Estate Board demand for Fraser Valley real estate remained robust in September. While overall sales decreased compared to August, total sales reached the second‐highest levels for the month of September in the 100‐year history of the Board.

The Board processed a total of 1,866 property sales on its Multiple Listing Service® (MLS®) in September, a decrease of 10.6 per cent compared to August and a 16.4 per cent decrease compared to the same month last year.

Larry Anderson, President of the Board, said, “While we’ve seen a solid increase in new listings compared to August, market conditions continue to be challenging for buyers. Considering the demand across the region, the increase is simply not enough to bolster the inventory required to create greater balance in the market.

According to the Board release in September, the Board received 2,342 new listings, a decrease of 33.4 per cent compared to last year, and an increase of 11.2 per cent compared to August 2021. The month ended with a total active inventory of 3,812, which is a 6.5 per cent decrease compared to August, and a 48.3 percent decrease compared to September 2020.

Baldev Gill, Chief Executive Officer of the Board, added, “The pandemic continues to have an impact on current conditions and while the market remains steady, we are sensitive to ongoing health and safety concerns. Our members follow stringent protocols as mandated by the Public Health Officer, and we will continue to lead by example for the benefit of our members and their clients.”

Across Fraser Valley, in September, the average number of days to sell a single‐family detached home was 26 and a townhome was 19 days. Apartments took, on average, 26 days to sell.

Find all the infographics related to the September 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 – September 2021

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

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

According to the Victoria Real Estate Board a greater commitment to development required to balance local housing market.

A total of 761 properties sold in the Victoria Real Estate Board region this September, 23.1 per cent fewer than the 989 properties sold in September 2020 and 8.4 per cent fewer than the previous month of August. Condominium sales were up 9.3 per cent from September 2020 with 306 units sold. 11.3 per cent fewer condominiums sold in September 2021 than in the previous month of August. Sales of single family homes were down 38.6 per cent from September 2020 with 331 sold. 7.3 per cent fewer single family homes sold in September 2021 than in the previous month of August.

“We are in a situation this month that is very similar to last month,” said Victoria Real Estate Board President David Langlois. “We have seen a lot of demand for homes of all types, but very little inventory come onto the market. And just like last month, it would be inaccurate to say that the market has slowed down and certainly an oversimplification to say the market is experiencing traditional seasonal slowing. What we are experiencing is a continued response to long-term low inventory levels.”

 

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 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.

Greater Vancouver Real Estate Market Statistics – September 2021

Greater Vancouver Real Estate Market Statistics – September 2021

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

As released by the Board, home sale activity remains elevated across Metro Vancouver’s* housing market while the pace of homes being listed for sale continues to follow long-term averages.

“The summer trend of above-average home sales and historically typical new listings activity continued in Metro Vancouver last month. Although this is keeping the overall supply of homes for sale low, we’re not seeing the same upward intensity on home prices today as we did in the spring. Home price trends will, however, vary depending on property type and neighborhood, so it’s important to take a hyperlocal look at your location and property category of choice before making a home buying or selling decision,” said Keith Stewart, REBGV economist.

The Board also has informed:

“The total inventory of homes for sale remains insufficient to meet the demand in today’s market. This scarcity limits peoples’ purchasing options and ultimately adds upward pressure on home prices,” Stewart said. “With the federal election now behind us, we hope to see governments at all levels work with the construction industry to streamline the creation of a more abundant and diverse supply of housing options.”

*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. Check out the infographics of Squamish, Sunshine Coast and Whistler, HERE.

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

October 2021 – Lower Mainland Monthly Update

October 2021 – Lower Mainland Monthly Update

October 2021 – Lower Mainland Monthly Update (REBGV & FVREB)

Record low inventory and strong sales indicate prices will increase

The most reliable indicator of market prices is the Sales to Active Listings Ratio (SAL). This is the ratio between the number of sales in a given month and the number of active listings at month-end.

In hotter markets in BC, a long-term analysis has shown that prices will usually act in the following ways:

  • 7+ Months of Inventory (Under 14% SAL): Prices will likely DECLINE
  • 5 – 7 Months of Inventory (14% – 18% SAL): Prices will likely be STABLE
  • Less than 5.5 Months of Inventory (Over 18% SAL): Prices will likely RISE

Visit this link to learn more about house prices and inventory.

Sales

Monthly sales are significantly above the 10-year average.

Cumulative Year-to-date Sales

YTD sales are currently at the highest level ever recorded. Sales from Jan – Sept have already surpassed the total number of sales in years 2011 – 2015 and 2018 – 2020. We expect total sales by the end of 2021 to break all records.

Inventory

Inventory remains below the long-term average.

Sales to Active Listings

Sales to active listing is significantly elevated, indicating prices are expected to rise.

Months of Inventory

Months of Inventory is significantly depressed, indicating prices are expected to rise.

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