Okanagan Real Estate Market Statistics – June 2021

Okanagan Real Estate Market Statistics – June 2021

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in June 2021.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 344 sales, 489 active listings, and $915,100 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 207 sales and 315 active listings at the end of the month. The average sale price was $459,300.
Townhome sales were 100, active listings were 161 and the average sale price was $637,200.
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 $660,500. At the end of the month, there were 132 sales and 190 active listings.
There were 21 sales and 65 active listings for condos. The average sale price was $287,900.
In comparison, townhomes featured 39 sales, 61 active listings and a $430,000 average sale price.
It’s a seller’s market in North Okanagan.

South Okanagan

There were 113 sales, 358 active listings, and $749,376 average sale price for detached.
The condo market featured 52 sales and 106 active listings at the end of the month. The average sale price was $456,203.
Townhome sales were 26, active listings were 61 and the average sale price was $420,156.
It’s a seller’s market in South 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 the Association Of Interior REALTORS® https://www.interiorrealtors.ca/.

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – June 2021

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – June 2021

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in June 2021.
Find all the infographics related to the April Market Statistics by visiting the Facebook Album.

Greater Victoria

According to the Victoria Real Estate Board low inventory and strong demand continue in Victoria real estate market.

“We are at a point now where we can look at yearly comparisons with a new lens,” said Victoria Real Estate Board President David Langlois. “In recent months we have been unable to glean anything by comparing year over year numbers because of the sudden and unexpected impact of the pandemic on the 2020 market. But June last year was when the market started its reacceleration. Buyers came back into the market in droves even though listings were restrained compared to long-term averages.”

 

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 – May 2021

Okanagan Real Estate Market Statistics – May 2021

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in May 2021.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 335 sales, 489 active listings, and $901,600 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 234 sales and 339 active listings at the end of the month. The average sale price was $455,400.
Townhome sales were 121, active listings were 163 and the average sale price was $621,800.
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 $641,100. At the end of the month, there were 134 sales and 194 active listings.
There were 33 sales and 63 active listings for condos. The average sale price was $285,400.
In comparison, townhomes featured 36 sales, 53 active listings and a $424,400 average sale price.
It’s a seller’s market in North Okanagan.

South Okanagan

There were 134 sales, 340 active listings, and $860,232 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 55 sales and 110 active listings at the end of the month. The average sale price was $374,404.
Townhome sales were 38, active listings were 53 and the average sale price was $477,303.
It’s a seller’s market in South 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 the Association Of Interior REALTORS® https://www.interiorrealtors.ca/.

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – May 2021

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – May 2021

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in May 2021.
Find all the infographics related to the April Market Statistics by visiting the Facebook Album.

Greater Victoria

According to the Victoria Real Estate Board the Victoria market continued to show its strength through the month of May, with a near record-setting pace for sales and ongoing record low inventory levels. A total of 1,049 properties sold in the Victoria Real Estate Board region this May, 129.5 per cent more than the 457 properties sold in May 2020, but 6 per cent fewer than the previous month of April. Sales of condominiums were up 200.9 per cent from May 2020 with 325 units sold. 1.8 per cent fewer condominiums sold in May 2021 than in the previous month of April. Sales of single family homes were up 111.4 per cent from May 2020 with 537 sold. 4.8 per cent fewer single-family homes sold in May 2021 than in the previous month of April.

“Victoria is an amazing place to live and we will continue to see demand for property here,” said Victoria Real Estate Board President David Langlois. “In the future we need to support the creation of a housing market that can respond to demand and population growth and evolve with community needs. Adding inventory to the Greater Victoria market should be the focus of every municipal council across the region.”

As released by the board “there were 1,450 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2021, 43 per cent fewer properties than the total available at the end of May 2020 and just 4 properties fewer than the 1,454 active listings for sale at the end of April 2021.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May 2020 was $855,900. The benchmark value for the same home in May 2021 increased by 17 per cent to $1,036,100, a 3.9 per cent increase from the previous month of April. The MLS® HPI benchmark value for a condominium in the Victoria Core in May 2020 was $500,000, while the benchmark value for the same condominium in May 2021 was $526,000, a 5.2 per cent increase.

“Recently the City of Victoria moved to fast-track non-profit developments, which is an exciting step in the right direction,” added Langlois. “But continued attention needs to be paid on housing of all types. By supporting an increase in urban density, we can ensure attainable housing, address missing middle family housing, increase tax revenues for community amenities and protect green space by slowing sprawl. If you are concerned about attainable housing and the future of homes in Greater Victoria, consider supporting the next housing development proposal in your neighbourhood.”

 

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.

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – April 2021

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – April 2021

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in April 2021.
Find all the infographics related to the April Market Statistics by visiting the Facebook Album.

Greater Victoria

According to the Victoria Real Estate Board the housing market in Greater Victoria remains in high demand.

“Comparing last year’s April market to 2021 does not provide us any real insight into long term market trends,” said Victoria Real Estate Board President David Langlois. “Instead of comparing to last year’s numbers, we need to look at years before the pandemic to see how April 2021 compares to average. In the most recent five years pre-pandemic, the average number of sales in the month of April was 896. April 2016 holds the record for sales with 1,286 properties sold. The five-year average for active listings was 2,596, so we sit at more than one thousand homes fewer than a recent average level of inventory.”

A total of 1,116 properties sold in the Victoria Real Estate Board region this April, 288.9% more than the 287 properties sold in April 2020, but 4.9% fewer than the previous month of March. Sales of
condominiums were up 353.4% from April 2020 with 331 units sold. 12.2% fewer condominiums sold in April 2021 than in the previous month of March. Sales of single-family homes were up 246% from
April 2020 with 564 sold. 1.7% fewer single-family homes sold in April 2021 than in the previous month of March.


 

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 – April 2021

Okanagan Real Estate Market Statistics – April 2021

Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in April 2021.
Find the infographics by visiting the Facebook Album.

Central Okanagan: Kelowna and Lake Country

There were 398 sales, 450 active listings, and $974,471 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 249 sales and 365 active listings at the end of the month. The average sale price was $435,301.
Townhome sales were 127, active listings were 148 and the average sale price was $641,003.
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 $665,625. At the end of the month, there were 177 sales and 196 active listings.
There were 32 sales and 70 active listings for condos. The average sale price was $281,986.
In comparison, townhomes featured 53 sales, 49 active listings and a $456,914 average sale price.
It’s a seller’s market in North Okanagan.

South Okanagan

There were185 sales, 454 active listings, and $718,851 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 76 sales and 102 active listings at the end of the month. The average sale price was $432,279.
Townhome sales were 44, active listings were 52 and the average sale price was $444,606.
It’s a seller’s market in South 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 the Association Of Interior REALTORS® https://www.interiorrealtors.ca/.

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