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

Okanagan Real Estate Market Statistics – May 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May 2020.   

Central Okanagan: Kelowna and Lake Country

There were 139 sales, 1,040 active listings, and a $724,767 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 54 sales and 615 active listings at the end of the month. The average sale price was $321,526.

Townhome sales were 54, active listings were 396 and the average sale price was $480,139.

It’s a buyer’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 $505,044. At the end of the month, there were 70 sales and 459 active listings.

There were 11 sales and 68 active listings for condos. The average sale price was $156,309.

In comparison, townhomes featured 18 sales, 141 active listings and a $347,075 average sale price.

It’s a buyer’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 – May 2020

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in May 2020.
Find all the infographics related to the February Market Statistics by visiting the Facebook Album.

 Greater Victoria

Greater Victoria had 214 sales and 739 active listings for detached homes at the end of the month. The benchmark sales price was $780,500.

The condo market featured 108 sales, 686 active listings, and a benchmark sales price was $519,600.

The townhome market had 61 sales and 214 active listings. The benchmark sale price was $595,300.

It’s a seller’s market for homes and Townhomes in Greater Victoria.

“Our market continues to respond to the current health crisis,” says Victoria Real Estate Board President Sandi-Jo Ayers. “Activity in real estate right now echoes the activity in our broader community – as restrictions gradually begin to lift – so too have our sales and listings numbers. Of course, like any industry, we do not expect a sudden shift back to any kind of normal. That said, one theme that persists in our market is that well-priced properties in high demand areas continue to see multiple offers. Demand exists and we continue to have motivated buyers searching for their perfect home.”

 


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.

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

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in April 2020.
Find all the infographics related to the February Market Statistics by visiting the Facebook Album.

 Greater Victoria

A total of 287 properties sold in the Victoria Real Estate Board region this April, 58.8 per cent fewer than the 696 properties sold in April 2019 and 52.8 per cent fewer than the previous month of March 2020. Sales of condominiums were down 64 per cent from April 2019 with 73 units sold. Sales of single family homes were down 55.8 per cent from April 2019 with 163 sold.

“We continue to see the impact of the COVID-19 pandemic on the local real estate market,” says Victoria Real Estate Board President Sandi-Jo Ayers. “Sales numbers are much lower than what we expected to see this spring and new listings are slow to come to market as owners wait to see what our community’s trajectory is over the course of this pandemic. As a result, the available inventory of properties for sale remains lower than in April last year. Like so many other industries, much of the real estate market is watching, waiting and adapting.”

Greater Victoria had 133 sales and 666 active listings for detached homes at the end of the month. The benchmark sales price was $775,900.

The condo market featured 32 sales, 209 active listings, and a benchmark sales price was $608,900.

The townhome market had 73 sales and 581 active listings. The benchmark sale price was $520,900.

It’s a buyer’s market for Condos and Townhomes in 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 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 – April 2020

Okanagan Real Estate Market Statistics – April 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2020.   

Central Okanagan: Kelowna and Lake Country

There were 102 sales, 941 active listings, and a $713,450 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 37 sales and 571 active listings at the end of the month. The average sale price was $335,673.

Townhome sales were 40, active listings were 363 and the average sale price was $498,853.

It’s a buyer’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 $509,083. At the end of the month, there were 40 sales and 407 active listings.

There were 7 sales and 73 active listings for condos. The average sale price was $251,022.

In comparison, townhomes featured 8 sales, 132 active listings and a $294,831 average sale price.

It’s a Buyer’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.

Okanagan Real Estate Market Statistics – March 2020

Okanagan Real Estate Market Statistics – March 2020

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in March 2020.   

Central Okanagan: Kelowna and Lake Country  

 

Central Okanagan: Kelowna and Lake Country

There were 176 sales, 903 active listings, and a $718,009 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.

The condo market featured 91 sales and 561 active listings at the end of the month. The average sale price was $331,953.

Townhome sales were 74, active listings were 320 and the average sale price was $516,250.

It’s a buyer’s market for Condos in Central Okanagan.

North Okanagan: Vernon and surrounding area

In North Okanagan, including Vernon and the surrounding area and the average sale price was $509,463. At the end of the month, there were 67 sales and 398 active listings.

There were 12 sales and 65 active listings for condos. The average sale price was $278,692.

In comparison, townhomes featured 28 sales, 119 active listings and a $356,337 average sale price.

It’s a balanced market in North Okanagan.

North Okanagan: Vernon and surrounding area

 

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 – March 2020

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 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 608 properties sold in the Victoria Real Estate Board region this March, five per cent fewer than the 640 properties sold in March 2019 but eight per cent more than the previous month of February 2020. Sales of condominiums were down 9.2 per cent from March 2019 with 178 units sold. Sales of single family homes decreased by 5.3 per cent from March 2019 with 305 sold.

“Last month, we stated that we saw the spring market kicking off,” says Victoria Real Estate Board President Sandi-Jo Ayers. “The start of March continued that trend and we saw higher year over year sales for the first weeks of the month – spring had officially sprung with multiple offers, new listings and sales. And then the world changed. Since the COVID-19 pandemic was declared, we have tracked a predictable downturn of sales in our market. Moving forward it is hard to predict what our spring market will look like, but it will likely be very different than recent years as our entire community slows down to stay healthy.”

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

Nanaimo

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