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

Okanagan Real Estate Market Statistics – August 2020

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

Central Okanagan: Kelowna and Lake Country

There were 317 sales, 961 active listings, and an $816,767 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 146 sales and 667 active listings at the end of the month. The average sale price was $370,620.
Townhome sales were 110, active listings were 364 and the average sale price was $582,185.
It’s a seller’s market for homes and townhomes in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $643,995. At the end of the month, there were 139 sales and 451 active listings.
There were 18 sales and 90 active listings for condos. The average sale price was $256,889.
In comparison, townhomes featured 47 sales, 114 active listings and a $371,089 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 – August 2020

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in August 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 “Once again we saw a very active month in terms of property transactions”. On September 1, 2020, the board released a total of 979 properties sold in the Victoria Real Estate Board region this August, 48.1% more than the 661 properties sold in August 2019 and exactly the same total as the previous month of July 2020. Sales of condominiums were up 29.1% from August 2019 with 262 units sold. Sales of single-family homes were up 45% from August 2019 with 509 sold.

“Once again we saw a very active month in terms of property transactions,” says Victoria Real Estate Board President Sandi-Jo Ayers. “And once again I will note that this is not a trend, but that this is our market at this moment in time during a unique situation. It is a challenging time to define what is happening in the market given so many factors that don’t exist in a normal year. We have been surprised by the pace of the summer market and are grappling with the evolving socio-economic effects of the pandemic and how these underlying factors will influence our fall real estate market.”

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.

Okanagan Real Estate Market Statistics – July 2020

Okanagan Real Estate Market Statistics – July 2020

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

Central Okanagan: Kelowna and Lake Country

There were 336 sales, 1,055 active listings, and an $812,875 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 150 sales and 707 active listings at the end of the month. The average sale price was $360,253.
Townhome sales were 123, active listings were 383 and the average sale price was $550,230.
It’s a seller’s market for homes and townhomes in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $594,644. At the end of the month, there were 148 sales and 452 active listings.
There were 18 sales and 82 active listings for condos. The average sale price was $274,450.
In comparison, townhomes featured 47 sales, 129 active listings and a $380,798 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 – July 2020

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in July 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 “Victoria real estate market continues to adapt in the changing times”. In August 4, 2020, the Board released that a total of 979 properties sold in the Victoria Real Estate Board region this July, 38.7% more than the 706 properties sold in July 2019 and 21.2% more than the previous month of June 2020. Sales of condominiums were up 11.2% from July 2019 with 239 units sold. Sales of single-family homes were up 61.1% from July 2019 with 559 sold.

“If we look at the numbers alone, June and July were unseasonably busy months and the number of sales this month are on the higher end of our market for a typical July,” says Victoria Real Estate Board President Sandi-Jo Ayers. “But we are not in a typical season. We cannot derive an ongoing trend nor forecast by looking at the activity because we know the market is subjected to unusual factors amidst a health crisis. Our spring market was delayed because of the pandemic. It is likely that our spring demand moved into summer now that folks are moving around our community more freely. Time will tell if these factors are resulting in a very compressed cycle of activity or if this trend will persist in the fall.”

 

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.

Custom “Modern Farmhouse” in Campbell Valley, Langley, BC

Custom “Modern Farmhouse” in Campbell Valley, Langley, BC

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!

Okanagan Real Estate Market Statistics – June 2020

Okanagan Real Estate Market Statistics – June 2020

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

Central Okanagan: Kelowna and Lake Country

There were 261 sales, 1,070 active listings, and a $748,428 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 97 sales and 702 active listings at the end of the month. The average sale price was $339,241.
Townhome sales were 77, active listings were 408 and the average sale price was $524,638.
It’s a buyer’s market for Condos in Central Okanagan.

central and north okanagan real estate market stats

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $563,028. At the end of the month, there were 106 sales and 463 active listings.
There were 17 sales and 67 active listings for condos. The average sale price was $221,215.
In comparison, townhomes featured 34 sales, 144 active listings and a $385,894 average sale price.
It’s a seller’s market for condos 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.

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