Selling Real Estate Archives - macdonald realty
 
Okanagan Real Estate Market Statistics – December 2020

Okanagan Real Estate Market Statistics – December 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2020.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 193 sales, 410 active listings, and an $854,387 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 102 sales and 367 active listings at the end of the month. The average sale price was $406,994.
Townhome sales were 98, active listings were 170 and the average sale price was $560,782.
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 $651,430. At the end of the month, there were 85 sales and 165 active listings.
There were 16 sales and 78 active listings for condos. The average sale price was $285,768.
In comparison, townhomes featured 32 sales, 49 active listings and a $371,186 average sale price.
It’s a seller’s market for Homes and Townhomes 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.

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

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in December 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 631 properties sold in the Victoria Real Estate Board region this December, 57% more than the 402 properties sold in December 2019 and a 20.6% decrease from November 2020. Sales of condominiums were up 61.2% from December 2019 with 195 units sold. Sales of single-family homes increased 58.6% from December 2019 with 314 sold.”

“This has been an unexpected year on many levels,” says 2020 Victoria Real Estate Board President Sandi-Jo Ayers. “The onset of the COVID-19 pandemic in March and April quickly swept away any illusions that our normal seasonal market patterns would persist. Equally surprising was the resurgence of our market in early summer when restrictions lightened and pent-up demand began pushing sales beyond expectations. The combination of the ongoing pandemic, historically low interest rates and a shift in consumer priorities towards properties that cater to a more home-based work / life / retirement balance resulted in record setting sales for the last several months of 2020.”


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 – November 2020

Okanagan Real Estate Market Statistics – November 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in November 2020.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 291 sales, 504 active listings, and an $856,956 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 169 sales and 460 active listings at the end of the month. The average sale price was $361,082.
Townhome sales were 106, active listings were 241 and the average sale price was $583,920.
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 $605,708. At the end of the month, there were 97 sales and 227 active listings.
There were 15 sales and 87 active listings for condos. The average sale price was $229,617.
In comparison, townhomes featured 38 sales, 82 active listings and a $413,157 average sale price.
It’s a seller’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.

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

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in November 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 795 properties sold in the Victoria Real Estate Board region this November, 37.8% more than the 577 properties sold in November 2019 but 19.7% fewer than the previous month of October 2020. Sales of condominiums were up 62.7% from November 2019 with 262 units sold. Sales of single-family homes were up 21.8% from November 2019 with 375 sold.”

“Once again, we’ve tracked an unexpectedly busy month for the Victoria area real estate market,” said Victoria Real Estate Board President Sandi-Jo Ayers. “With near 800 total sales last month, we came close to the record for sales in a November – which was 892 sales in 1989.”

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 – October 2020

Okanagan Real Estate Market Statistics – October 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in October 2020.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 354 sales, 666 active listings, and an $850,634 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 165 sales and 571 active listings at the end of the month. The average sale price was $387,803.
Townhome sales were 136, active listings were 261and the average sale price was $558,749.
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 $624,801. At the end of the month, there were 143 sales and 293 active listings.
There were 24 sales and 82 active listings for condos. The average sale price was $280,815.
In comparison, townhomes featured 35 sales, 101 active listings and a $412,183 average sale price.
It’s a seller’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.

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

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in October 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 990 properties sold in the Victoria Real Estate Board region this October, 59.9% more than the 619 properties sold in October 2019 and 0.1% more than the previous month of September 2020. Sales of condominiums were up 70.8% from October 2019 with 304 units sold. Sales of single-family homes were up 53.1% from October 2019 with 487 sold.”

“Once again, another month concluded with numbers that surprised many of us,” said Victoria Real Estate Board President Sandi-Jo Ayers. “Sales for October broke the record for the month and inventory continues to be snapped up quickly. Due to this high demand, low supply environment, we are seeing many multiple offer situations. Condos and single family homes both continue to be popular choices for buyers.”

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 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.

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