Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in August 2019.
Vancouver-East had 73 sales and 648 active listings for detached homes at the end of the month. The benchmark sales price was $1,346,500.
The condo market featured 124 sales, 429 active listings, and a benchmark sales price was $552,300.
The townhome market had 24 sales and 80 active listings. The benchmark sale price was $838,100.
It’s a seller’s market for condos and townhomes.
In Vancouver-West, there were 60 sales of detached homes and 681 active listings at the end of the month. The benchmark sale price was $2,880,800.
In comparison, the condo market had 314 sales, 1,356 active listings and a benchmark sale price of $756,000.
Townhome sales were 36, active listings were 235. The benchmark sale price was $1,115,100.
It’s a buyer’s market for homes and townhomes.
In August, West Vancouver market had 41 sales and 501 active listings for detached homes. The benchmark sale price was $2,520,100.
There were 08 sales and 115 active listings for condos. The benchmark sale price was $1,062,100.
Townhome sales were 0, while the active listings were 43.
It’s a buyer’s market in West Vancouver.
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