March 2022 – Lower Mainland Monthly Update (REBGV & FVREB)
Metro Vancouver sales are moderate in February but still above 10 year average, and standing inventory continues to be the biggest challenge
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
Metro Vancouver (combined @rebgv & @fvreb) sales continue to be strong, but show signs of slowing. 3rd highest February on record. 25% lower than in 2021, but 25% higher than the 10-year average.
Cumulative Year-to-date Sales
YTD sales have moderated from 2021, but are still the 3rd highest on record (2021 #1; 2016 #2).
Inventory
Standing inventory continues to be the biggest challenge. Lowest February inventory in a generation. 10,532 active listings are 20% below last year (12,478) and 40% below the 10-year average (17,039).
Sales to Active Listings
With a SAL of 50%, this indicates there is considerable support for higher prices.
Months of Inventory
Currently, there is only 2 months of inventory. Normally, there should be closer to 5 months.
Want to learn more about these stats or discuss your move to Macdonald Realty?
At Macdonald Realty, we’re proud to have a team of talented and experienced real estate agents who sell one of the best luxury listings currently available in the market.
Today we’re featuring a modern and unique farmhouse! This fantastic architectural masterpiece is everything you have imagined as a dream home. Perfectly situated on a private 6.23 acre, this south-facing residence has extraordinary landscape details including a dream kitchen, floor to ceiling solid copper fireplace and more.
Let’s take a tour and see how amazing this property is — listed at $5,550,000 by Emily Sandhack.
This cozy living room is the perfect space for lounging by the fireplace – sip a cup of hot chocolate on a cold winter day while you enjoy the peace and quiet. Read your favourite book or invite your friends over for a game night. Regardless of what you decide to do, this room surely radiates warmth as you hear the fire burning.
Don’t let another get together pass by as you prepare mom’s lasagna in the kitchen – those days are over! This open concept kitchen allows you to engage in a conversation without burning what’s in the oven. The natural colours of the cabinets with the minimalist décor welcome you as you entertain your family and friends.
Wine not? Never worry about wasting another bottle with this UV-controlled wine cellar.
Step out onto the massive green space and listen to birds chirping in the morning straight from the privacy of your own room. Embrace nature from every room and enjoy the dazzling sunlight all day long.
Need I say more? A piece of paradise in your own bathtub.
Ready to make this dream home yours? Click here for additional property details and request a private showing.
Want to see more beautiful homes like this? Check out www.macrealty.com today!
At Macdonald Realty, we’re proud to have a team of talented and experienced real estate agents who sell one of the best luxury listings currently available in the market.
Today we’re featuring a modern and unique farmhouse! This fantastic architectural masterpiece is everything you have imagined as a dream home. Perfectly situated on a private 6.23 acre, this south-facing residence has extraordinary landscape details including a dream kitchen, floor to ceiling solid copper fireplace and more.
Let’s take a tour and see how amazing this property is — listed under $6M by Emily Sandhack.
This cozy living room is the perfect space for lounging by the fireplace – sip a cup of hot chocolate on a cold winter day while you enjoy the peace and quiet. Read your favorite book or invite your friends over for a game night. Regardless of what you decide to do, this room surely radiates warmth as you hear the fire burning.
Don’t let another get together pass by as you prepare mom’s lasagna in the kitchen – those days are over! This open concept kitchen allows you to engage in a conversation without burning what’s in the oven. The natural colours of the cabinets with the minimalist décor welcome you as you entertain your family and friends.
Wine not? Never worry about wasting another bottle with this UV-controlled wine cellar.
Step out onto the massive green space and listen to birds chirping in the morning straight from the privacy of your own room. Embrace nature from every room and enjoy the dazzling sunlight all day long.
Need I say more? A piece of paradise in your own bathtub.
Ready to make this dream home yours? Click here for additional property details and request a private showing.
Want to see more beautiful homes like this? Check out www.macrealty.com today!
VANCOUVER, B.C., Oct. 2019 / Macdonald Realty, Western Canada’s largest independent full-service real estate company, today announced the re-opening of its office in North Vancouver, B.C., Canada. This office is one of Macdonald’s 20 offices throughout British Columbia.
The freshly renovated office in North Vancouver will bring to the team and clients more space and comfort. The space provides everything Macdonald’s real estate agents need to keep improving and growing their business.
To find more about Macdonald Realty’s offices in British Columbia – please visit macrealty.com/offices.
About Macdonald Realty
Macdonald Realty was founded in Vancouver back in 1944 and has continued to grow through the years and the changes in the real estate market. We’re solid, established and respected, with 20 offices throughout British Columbia. Today, we’re Western Canada’s largest independent full-service real estate company, with Residential, Commercial, Property Management, and Project Marketing divisions. And we’re still proudly BC owned and operated.
There is no doubt Vancouver is one of the most beautiful cities in the world. The city of West Vancouver is nestled between Burrard Inlet and the North Shore Mountains and offers city, water and mountain views from its many high-end neighbourhoods.
The lower mainland has also developed unique architectural and design styles that benefits from the natural beauty of our environment. Beautiful homes decorate the neighbourhoods and it’s not difficult to find prestigious design projects around town.
Today we’re bringing to the blog, this incredible property – a stunning, custom-built 5 bedroom home designed by Georgie Award Winner Marque Thompson.
Marque is the Principal of Design Marque Consulting Ltd and has won both silver and gold design awards at the Georgie Awards. He has been featured in countless design magazines and has completed more than 1,200 projects from small cottages to multi-million-dollar homes throughout Canada, United States, England and Singapore.
This home is situated on a large property with south-facing back gardens and beautiful views of the ocean, city and Stanley Park. As you walk through the front doors, you’ll find a modern, open-concept space, with 20’ ceilings in the living room.
The kitchen is equipped for family dinners and entertaining, featuring Wolf & Sub-Zero appliances.
Walkout on to a large covered heated deck, built-in BBQ, & outdoor gas fireplace. Perfect for entertaining on long summer nights.
The private master suite is a romantic escape with a fireplace and large deck from which to enjoy views.
Ready to make this dream home yours! Click here to request a private showing and view more property details.
Enjoy some of the best views around the city with these fantastic waterfront properties currently listed by Macdonald Realty.
#2601- 277 Thurlow Street, Vancouver, BC Listed by Juliana Jiao Personal Real Estate Corporation
Imagine living with one of the world’s most majestic waterfront views of the ocean, mountains, Stanley Park, the Lions Gate Bridge, Coal Harbour Marina & Park, plus a 360-degree city view. Amazing terraces covering 688 square feet with two fireplaces.
#1102 – 1139 W Cordova Street, Vancouver, BC Listed by Lucie Ingoldby
Sensational waterfront home at Two Harbour Green. This 2400 square feet home with unobstructed views of the ocean, Stanley Park and Harbour Green Park plus the North Shore mountains has a great entertainment size family room with direct access to the wrap-around balcony.
2707 Point Grey Road, Vancouver, BC Listed by Manyee Lui
Everlasting views on the prestigious Point Grey Road. With its waterfront location, this property captures the best of water, mountain and city. Enjoy the rooftop decks and incredible family living spaces.
#2101 – 1077 W Cordova Street, Vancouver, BC Listed by Joseph Chiang
Amazing views of Coal Harbour, mountains and city from all windows. This open layout features an entertainment-size living room, fabulous gourmet chef’s kitchen and more. Relax in the spacious master bedroom with a spa only for you.
#1605 – 1328 Marinaside Crescent, Vancouver, BC Listed by Murphy Costello Personal Real Estate Corporation and Jodi Norrison
180-degree views to the South, East & North of False Creek, Science World and the city. Floor to ceiling windows, elegant interior floor plan, updated kitchen, and hardwood flooring. Everything with fabulous resort-level amenities.
1418 Haywood Avenue, Vancouver, BC Listed by Jennie Frizzo Personal Real Estate Corporation
Situated on south-facing back gardens and beautiful views of Stanley Park, the city, and ocean and well designed with modern, open-concept and 20’ ceilings in the living room in a beautiful and functional floor plan.
#5604 – 1128 W Georgia Street, Vancouver, BC Listed by Frank Ye Personal Real Estate Corporation
Incredible views of English Bay and the Gulf Islands. This Shangri-La 5-star home has updated Italian closets, entertainment center, and multiple amenities.
In the market for a new ocean view? Search listings on our website www.macrealty.com and find your dream home today. Partner with one of our real estate agents.
