Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in September 2019.
North Vancouver had 59 sales and 371 active listings for detached homes at the end of the month. The benchmark sales price was $1,463,200.
The condo market featured 83 sales, 342 active listings, and a benchmark sales price was $546,500.
The townhome market had 21 sales and 115 active listings. The benchmark sale price was $937,100.
It’s a balanced market for condos in North Vancouver.
In New Westminster, there were 22 sales of detached homes and 114 active listings at the end of the month. The benchmark sale price was $1,025,800.
In comparison, the condo market had 79 sales, 304 active listings and a benchmark sale price of $511,000.
Townhome sales were 08, active listings were 51. The benchmark sale price was $706,200.
It’s a seller’s market for condos in New Westminster.
In September, Maple Ridge market had 85 sales and 496 active listings for detached homes. The benchmark sale price was $808,000.
There were 29 sales and 122 active listings for condos. The benchmark sale price was $348,500.
Townhome sales were 42, while the active listings were 120.
It’s a balanced market for homes and condos in Maple Ridge.
Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?
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 Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org