Market Insights Archives - macdonald realty
 
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

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – February 2020

Abbotsford, Mission, Surrey and Fraser Valley Real Estate Market Statistics – February 2020

In February, property sales in the Fraser Valley finished slightly above the 10‐year average for the month, while new listings came in 3 per cent below, keeping overall inventory at historically below‐average levels.

According to the Board, The Fraser Valley Real Estate Board processed 1,352 sales of all property types on its Multiple Listing Service® (MLS®) in February, a 39 per cent increase compared to sales in January 2020, and a 38 per cent increase compared to the 982 sales in February of last year. Darin Germyn, President of the Board and Macdonald Realty real estate agent said Supply is a challenge currently in some areas and for certain property types. In February, in Langley for example, for every 10 active townhomes, six sold. In Cloverdale, there were 26 active condo listings last month; and 20 sold.”

Based on the board report “There were 5,741 active listings available in the Fraser Valley at the end of February, an increase of 12 per cent compared to January’s inventory and a decrease of 10 per cent year‐over‐year. Additionally, 2,557 new listings were received by the Board for the month, a 15 per cent increase compared to January’s intake of 2,216 new listings and a 15 per cent decrease compared to February of last year.”

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

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

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in February 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 563 properties sold in the Victoria Real Estate Board region this February, 33.7 per cent more than the 421 properties sold in February 2019 and 37 per cent more than in January 2020. Sales of condominiums were up 35.7 per cent from February 2019 with 175 units sold. Sales of single family homes increased 23.7 per cent from January 2020 with 271 sold.”

“February brought the bloom of an early spring market,” says Victoria Real Estate Board President Sandi-Jo Ayers. According to their website “sales numbers are up substantially from last year, which in part indicates that our spring market may have arrived a bit earlier than a lot of our local blossoms. Additionally, we need to consider that last year’s sales activity was quite weak until April and May. Despite a thirty plus percent increase in total sales over last year, our ten-year average for total sales in February is 537, so we are within less than five per cent of our long-term average for the month.”

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

Nanaimo

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

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

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

 

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in January 2020.

Squamish

In January 2020, there were 12 sales of detached homes and 72 active listings in Squamish. The benchmark sale price was $988,100.   

The condo market had 11 sales and 45 active listings at the end of the month.  The benchmark sale price was $478,800.   

The townhome market had 5 sales and, the active listings were 24. The benchmark sale price was $733,500.

It’s a balanced market in Squamish.

Sunshine Coast

In January 2020, Sunshine Coast had 21 sales of detached homes and 245 active listings. The benchmark sale price was $564,900.   

The condo market had 3 sales and 56 active listings at the end of the month. 

Townhome sales were 3 sales while active listings were 56.

It’s a buyer’s market in Sunshine Coast.

Whistler

In January 2020, Whistler had 6 sales of detached homes and 91 active listings. The benchmark sale price was $1,611,700.   

The condo market had 16 sales and 108 active listings at the end of the month.  The benchmark sale price was $482,000.   

Townhome sales were 14 sales, active listings were 59. The benchmark sale price was $971,400. 

It’s a buyer’s market for homes and condos 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

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