Selling Real Estate Archives - macdonald realty
 
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/.

Okanagan Real Estate Market Statistics – March 2021

Okanagan Real Estate Market Statistics – March 2021

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

Central Okanagan: Kelowna and Lake Country

There were 413 sales, 414 active listings, and $829,400 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 267 sales and 373 active listings at the end of the month. The average sale price was $425,300.
Townhome sales were 149, active listings were 152 and the average sale price was $541,900.
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 $590,700. At the end of the month, there were 160 sales and 191 active listings.
There were 36 sales and 73 active listings for condos. The average sale price was $270,400.
In comparison, townhomes featured 65 sales, 49 active listings and a $402,500 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 – March 2021

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 2021.
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 1,173 properties sold in the Victoria Real Estate Board region this March, 92.9 per cent more than the 608 properties sold in March 2020 and 35.9 per cent more than the previous month of February. Sales of condominiums were up 111.8 per cent from March 2020 with 377 units sold. Sales of single family homes were up 88.2 per cent from March 2020 with 574 sold.”

“Limited supply with overwhelming demand has been the story for the first quarter of 2021,” said Victoria Real Estate Board President David Langlois. “This time last year was the beginning of the pandemic and most everything was shut down – so we cannot compare year over year numbers – but if we look at longer term trends, the average number of sales from the month of March in the past ten years before 2020 was 715 properties. Numbers from last month are close to the market trends we saw in 2016, but with an even greater imbalance in inventory due to a surge in consumer demand for homes in the Victoria area.”

 

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 – February 2021

Okanagan Real Estate Market Statistics – February 2021

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

Central Okanagan: Kelowna and Lake Country

There were 288 sales, 388 active listings, and $776,300 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 183 sales and 381 active listings at the end of the month. The average sale price was $414,400.
Townhome sales were 123, active listings were 175 and the average sale price was $529,500.
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 $561,500. At the end of the month, there were 103 sales and 162 active listings.
There were 24 sales and 69 active listings for condos. The average sale price was $262,900.
In comparison, townhomes featured 38 sales, 63 active listings and a $390,000 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 – February 2021

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

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in February 2021.
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 863 properties sold in the Victoria Real Estate Board region this February, 53.3 per cent more than the 563 properties sold in February 2020 and 33.6 per cent more than the previous month of January. Sales of condominiums were up 65.7 per cent from February 2020 with 290 units sold. Sales of single family homes were up 43.9 per cent from February 2020 with 390 sold.”

“Our early spring market is in full swing carrying on from a fast start in January,” said Victoria Real Estate Board President David Langlois.  “Our market remains one with tightly constrained inventory and high demand. The good news is that we have seen some stabilization in listings and condo pricing between January and February, but we continue to see huge pressure on single family homes – new listings are snapped up as soon as they are listed. As a result, the pressure on single family homes continues to ramp up. There is significant competition for desirable homes – and in our marketplace most homes are desirable – and people competing for properties pushes prices up.”

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.

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