Greater Vancouver Real Estate Market Statistics – July 2019
Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in July 2019.
In the Coquitlam, there were 86 sales of detached homes and 537 active listings at the end of the month. The benchmark sale price was $1,169,300.
In comparison, the condo market had 94 sales, 378 active listings and a benchmark sale price of $516,400.
Townhome sales were 49, active listings were 145. The benchmark sale price was $653,200.
It’s a seller’s market for townhomes.
Port Coquitlam had 32 sales and 158 active listings for detached homes at the end of the month. The benchmark sales price was $919,200.
The condo market featured 29 sales, 126 active listings, and a benchmark sales price was $446,000.
The townhome market had 22 sales and 91 active listings. The benchmark sale price was $631,800.
It’s a balanced market in Port Coquitlam.
In July, Port Moody market had 11 sales and 116 active listings for detached homes. The benchmark sale price was $1,442,000.
There were 29 sales and 55 active listings for condos. The benchmark sale price was $628,700.
Townhome sales were 15, active listings were 51, the benchmark sale price was $656,900.
It’s a seller’s market for condos and townhomes in Port Moody.
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