Greater Vancouver Real Estate Market Statistics – April 2019

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver market listings and sales in April 2019.

Vancouver-West

In the Vancouver Westside, there were 64 sales of detached homes and 787 active listings at the end of the month. The benchmark sale price was $2,948,400.

In comparison, the condo market had 233 sales, 1,712 active listings and a benchmark sale price of $764,600.

Townhome sales were 32, active listings were 284. The benchmark sale price was $1,167,700.

It’s a buyer’s market in Vancouver West.

MarketHotSheet_April_2019_VancouverWest

Vancouver-East

The Vancouver Eastside had 66 sales and 726 active listings for detached homes at the end of the month. The benchmark sales price was $1,357,200.

The condo market featured 115 sales, 498 active listings, and a benchmark sales price was $547,900.

The townhome market, on the other hand, had 26 sales and 96 active listings. The benchmark sale price was $816,500.

It’s a seller’s market for townhomes.

MarketHotSheet_April_2019_VancouverEast

North Vancouver

In April, the North Vancouver market had 53 sales and 447 active listings for detached homes. The benchmark sale price was $1,499,400.

There were 64 sales and 429 active listings for condos. The benchmark sale price was $567,500.

Townhome sales were 29, active listings were 140, the benchmark sale price was $957,700.

It’s a buyer’s market for homes and condos.

MarketHotSheet_April_2019_NorthVancouver

West Vancouver

The West Vancouver market had 38 sales and 544 active listings for detached homes. The benchmark sale price was $2,574,100.

Condo sales were 8 and active listings were 111 at the end of the month. The benchmark sales price was $1,128,500.

In comparison, townhome market had 0 sales and 37 active listings.

It’s a buyer’s market for homes and condos.

MarketHotSheet_April_2019_WestVancouver

Coquitlam

MarketHotSheet_April_2019_Coquitlam

Port Coquitlam

MarketHotSheet_April_2019_PortCoquitlam

Port Moody

MarketHotSheet_April_2019_PortMoody

Maple Ridge

MarketHotSheet_April_2019_MapleRidge

Burnaby East

MarketHotSheet_April_2019_BurnabyEast

Burnaby North

MarketHotSheet_April_2019_BurnabyNorth

Burnaby South

MarketHotSheet_April_2019_BurnabySouth

New Westminster

MarketHotSheet_April_2019_NewWestminster

Richmond

MarketHotSheet_April_2019_Richmond

Ladner

MarketHotSheet_April_2019_Ladner

Tsawwassen

MarketHotSheet_April_2019_Tsawwassen

Pitt Meadows

MarketHotSheet_April_2019_PittMeadows

Bowen Island

MarketHotSheet_April_2019_BowenIsland

Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?

Macdonald Realty has offices across the Greater Vancouver. Please email bijan@macrealty.com or call 1-604-365-0185.

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

Greater Vancouver Real Estate Market Statistics – March 2019

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver Real Estate Market listings and sales in March 2019.

Vancouver-West

In the Vancouver Westside, there were 64 sales of detached homes and 744 active listings at the end of the month. The benchmark sale price was $3,026,300.

In comparison, the condo market had 235 sales, 1,518 active listings and a benchmark sale price of $769,200.

Townhome sales were 28, active listings were 232. The benchmark sale price was $1,184,500.

It’s a buyer’s market in Vancouver West.

MarketHotSheet_March_2019_VancouverWest

Vancouver-East

The Vancouver Eastside had 53 sales and 683 active listings for detached homes at the end of the month. The benchmark sales price was $1,390,700.

The condo market featured 93 sales, 414 active listings, and a benchmark sales price was $547,700.

The townhome market, on the other hand, had 20 sales and 95 active listings. The benchmark sale price was $821,300.

It’s a buyer’s market for homes.

MarketHotSheet_March_2019_VancouverEast

North Vancouver

In March, the North Vancouver market had 70 sales and 393 active listings for detached homes. The benchmark sale price was $1,502,600.

There were 73 sales and 348 active listings for condos. The benchmark sale price was $567,000.

Townhome sales were 21, active listings were 121, the benchmark sale price was $952,700.

It’s a balanced market in North Vancouver.

MarketHotSheet_March_2019_NorthVancouver

West Vancouver

The West Vancouver market had 23 sales and 503 active listings for detached homes. The benchmark sale price was $2,583,600.

Condo sales were 8 and active listings were 115 at the end of the month. The benchmark sales price was $1,116,200.

In comparison, townhome market had 1 sale and 28 active listings.

It’s a buyer’s market in West Vancouver.

MarketHotSheet_March_2019_WestVancouver

Coquitlam

In the Coquitlam market, there were 48 sales and 481 active listings for detached homes at the end of the month. The benchmark sale price was $1,161,600.

The condo market had 61 sales and 306 active listings. The benchmark sale price was $522,800.

Townhomes featured 29 sales and 121 active listings. The benchmark sales price was $638,500.

MarketHotSheet_March_2019_Coquitlam

Port Coquitlam

Port Coquitlam had 16 sales and 157 active listings for detached homes. The benchmark sale price was $920,700.

Condo featured 24 sales, 112 active listings, a $459,900 benchmark sales price.

In comparison, townhome had 18 sales and 85 active listings. The benchmark sales price was $613,900.

It’s a buyer’s market for homes.

MarketHotSheet_March_2019_PortCoquitlam

Port Moody

There were 7 sales and 110 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,402,500.

The condo market featured 23 sales, 70 active listings, $635,200 benchmark sale price.

In comparison, townhome sales were 8, active listings were 35 and the benchmark sale price was $636,200.

It’s a seller’s market for condos.

MarketHotSheet_March_2019_PortMoody

Maple Ridge

In the Maple Ridge market, there were 53 sales and 410 active listings for detached homes at the end of the month. The benchmark sale price was $813,600.

The condo market had 24 sales and 107 active listings. The benchmark sale price was $352,500.

Townhome featured 37 sales and 122 active listings. The benchmark sales price was $534,200.

It’s a seller’s market for townhomes.

MarketHotSheet_March_2019_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_March_2019_BurnabyEast

Burnaby North

MarketHotSheet_March_2019_BurnabyNorth

Burnaby South

MarketHotSheet_March_2019_BurnabySouth

New Westminster

MarketHotSheet_March_2019_NewWestminster

Richmond

MarketHotSheet_March_2019_Richmond

Ladner

MarketHotSheet_March_2019_Ladner

Tsawwassen

MarketHotSheet_March_2019_Tsawwassen

Pitt Meadows

MarketHotSheet_March_2019_PittMeadows

Bowen Island

MarketHotSheet_March_2019_BowenIsland

Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?

Macdonald Realty has offices across the Greater Vancouver. Please email bijan@macrealty.com or call 1-604-365-0185 for more information.

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.

Macdonald Realty Luxury Homes Magazine | Spring 2019

The new Spring edition of Macdonald Realty’s Luxury Homes Collection has arrived!

Within the pages of this edition are opportunities for every taste, from a stunning condo with a big downtown view in Victoria, to a mountainside home in Britannia Beach, and an executive Vancouver home ripe for large families. Which one will you choose?

Grab your copy of the Luxury Homes magazine, both print and digital versions are available now.

luxury home vancouver

Greater Vancouver Real Estate Market Statistics – February 2019

Here are the latest Greater Vancouver real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in February 2019.

Vancouver-West

In the Vancouver Westside, there were 44 sales of detached homes and 759 active listings at the end of the month. The benchmark sale price was $3,029,200 with average days on market of 36. The hottest markets for sales was Kitsilano with 10 sales.

In comparison, the condo market had 186 sales, 1,355 active listings and a benchmark sale price of $784,300 with an average of 36 days on market. The hottest market for sales was Downtown VW, 37 sales.

Townhome sales were 21, active listings were 205. The benchmark sale price was $1,208,500 with an average days on market of 25. Kitsilano with 9 sales was the hottest market of the month.

It’s a buyer’s market in Vancouver West.
MarketHotSheet_February_2019_VancouverWest

Vancouver-East

The Vancouver Eastside had 54 sales and 632 active listings for detached homes at the end of the month. The benchmark sales price was $1,412,900, and the average days on market were 45. The hottest sales market was Collingwood VE with 10 sales.

The condo market featured 81 sales, 346 active listings, and a benchmark sales price was $545,200. The average days on market were 33 days, and the hottest market for sales was Mount Pleasant VE with 25 sales.

The townhome market, on the other hand, had 18 sales and 85 active listings. The benchmark sale price was $823,800 with 32 average days on market. The hottest market for sales was Grandview VE with 5 sales.

It’s a buyer’s market for homes.

MarketHotSheet_February_2019_VancouverEast

 

North Vancouver

In February, the North Vancouver market had 37 sales and 382 active listings for detached homes. The benchmark sale price was $1,492,400 with an average days on market of 47. Canyon Heights NV and Westlynn had the most sales activity with 4 sales each.

There were 59 sales and 317 active listings for condos. The benchmark sale price was $561,500 with 27 average days on market. Lower Lonsdale had the hottest sales market with 26 sales.

Townhome sales were 24, active listings were 105, the benchmark sale price was $956,500 and the average days on market were 18. Hamilton, Indian River, Lynn Valley and Roche Point had the most sales activity with 3 sales each.

It’s a buyer’s market in North Vancouver.

MarketHotSheet_February_2019_NorthVancouver

West Vancouver

The West Vancouver market had 25 sales and 497 active listings for detached homes. The benchmark sale price was $2,616,500 with 78 average days on market. British Properties, Caulfield and Lions Bay had the most sales activity with 3 sales each.

Condo sales were 11 and active listings were 103 at the end of the month. The benchmark sales price was $1,103,800 with an average days on market of 50. Ambleside had the most sales at 4.

In comparison, townhome market had 1 sale and 25 active listings.

It’s a buyer’s market in West Vancouver.

MarketHotSheet_February_2019_WestVancouver

Coquitlam

In the Coquitlam market, there were 39 sales and 448 active listings for detached homes at the end of the month. The benchmark sale price was $1,182,800 and the average days on market were 40. Central Coquitlam with 12 sales experienced the most sales activity.

The condo market had 65 sales and 272 active listings. The benchmark sale price was $523,300 with 43 average days on market. The hottest market for sale was North Coquitlam with 21 sales.

Townhomes featured 28 sales and 95 active listings. The benchmark sales price was $656,200 with an average days on market of 27. Burke Mountain, with 17 sales, had the most sales activity.

MarketHotSheet_February_2019_Coquitlam

Port Coquitlam

Port Coquitlam had 17 sales and 138 active listings for detached homes. The benchmark sale price was $928,200 with an average days on market of 43. Birchland Manor, Lincoln Park PQ, Lower Mary Hill, and Mary Hill had the most sales activity with 3 each.

Condo featured 21 sales, 90 active listings, a $469,400 benchmark sales price, and 28 average days on market. Central Pt Coquitlam had the most sales activity at 14.

In comparison, townhome had 15 sales and 78 active listings. The benchmark sales price was $621,300 with an average days on market of 47. Glenwood PQ was the hottest market with 4 sales.

It’s a buyer’s market for homes.

MarketHotSheet_February_2019_PortCoquitlam

Port Moody

There were 10 sales and 98 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,404,100 and the average days on market were 55. Heritage Mountain had the most sales activity for the month with 4 sales.

The condo market featured 16 sales, 64 active listings, $622,500 benchmark sale price, and 43 average days on market. Port Moody Centre, 10 sales, had most sales activity.

In comparison, townhome sales were 5, active listings were 31 and the benchmark sale price was $637,100. The average days on market were 17. Heritage Mountain and North Shore Pt Moody had the most sales activity with 2 sales each.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_February_2019_PortMoody

 

Maple Ridge

In the Maple Ridge market, there were 51 sales and 379 active listings for detached homes at the end of the month. The benchmark sale price was $807,000 and the average days on market were 48. East Central experienced the most sales activity with 10 sales.

The condo market had 17 sales and 100 active listings. The benchmark sale price was $353,600 with 46 average days on market. The hottest market for sales was East Central, 11 sales.­­

Townhome featured 30 sales and 110 active listings. The benchmark sales price was $525,200 with an average days on market of 58. Albion, Cottonwood MR and East Central experienced the most sales activity with 8 sales each.

It’s a seller’s market for townhomes.

MarketHotSheet_February_2019_MapleRidge

 

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_February_2019_BurnabyEast

Burnaby North

MarketHotSheet_February_2019_BurnabyNorth

Burnaby South

MarketHotSheet_February_2019_BurnabySouth

New Westminster

MarketHotSheet_February_2019_NewWestminster

Richmond

MarketHotSheet_February_2019_Richmond

Ladner

MarketHotSheet_February_2019_Ladner

Tsawwassen

MarketHotSheet_February_2019_Tsawwassen

Pitt Meadows

MarketHotSheet_February_2019_PittMeadows

Bowen Island

MarketHotSheet_February_2019_BowenIsland

Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?

Macdonald Realty has offices across the Greater Vancouver. Please email bijan@macrealty.com or call 1-604-365-0185

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

Greater Vancouver Real Estate Market Statistics – January 2019

Here are the latest Greater Vancouver real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in January 2019.

Vancouver-West

In the Vancouver Westside, there were 36 sales of detached homes and 704 active listings at the end of the month. The benchmark sale price was $3,049,700 with average days on market of 69. The hottest markets for sales was Dunbar with 9 sales.

In comparison, the condo market had 133 sales, 1,194 active listings and a benchmark sale price of $783,400 with an average of 42 days on market. The hottest market for sales was Downtown VW, 34 sales.

Townhome sales were 15, active listings were 178. The benchmark sale price was $1,216,600 with an average days on market of 70. Fairview VW with 4 sales was the hottest market of the month.

It’s a buyer’s market in Vancouver West.

MarketHotSheet_January_2019_VancouverWest

Vancouver-East

The Vancouver Eastside had 45 sales and 634 active listings for detached homes at the end of the month. The benchmark sales price was $1,428,700, and the average days on market were 53. The hottest sales market was Renfrew VE with 7 sales.

The condo market featured 48 sales, 328 active listings, and a benchmark sales price was $530,500. The average days on market were 44 days, and the hottest market for sales was Mount Pleasant VE with 18 sales.

The townhome market, on the other hand, had 8 sales and 76 active listings. The benchmark sale price was $848,200 with 36 average days on market. The hottest market for sales was Champlain Heights with 3 sales.

It’s a buyer’s market in Vancouver East.

MarketHotSheet_January_2019_VancouverEast

North Vancouver

In January, the North Vancouver market had 35 sales and 354 active listings for detached homes. The benchmark sale price was $1,512,200 with an average days on market of 51. Upper Lonsdale with 5 sales had the most sales activity.

There were 41 sales and 274 active listings for condos. The benchmark sale price was $559,300 with 48 average days on market. Lower Lonsdale had the hottest sales market with 12 sales.

Townhome sales were 12, active listings were 103, the benchmark sale price was $979,900 and the average days on market were 48. Hamilton, Lynnmour, Northlands Roche Point had the most sales activity with 2 sales each.

It’s a buyer’s market in North Vancouver.

MarketHotSheet_January_2019_NorthVancouver

West Vancouver

The West Vancouver market had 18 sales and 475 active listings for detached homes. The benchmark sale price was $2,622,800 with 84 average days on market. Ambleside and British Properties had the most sales at 4 each.­

Condo sales were 7 and active listings were 89 at the end of the month. The benchmark sales price was $1,108,800 with an average days on market of 17. Horseshoe Bay WV had the most sales at 4.

In comparison, townhome market had 1 sale and 20 active listings.

It’s a buyer’s market in West Vancouver.

MarketHotSheet_January_2019_WestVancouver

Coquitlam

In the Coquitlam market, there were 27 sales and 402 active listings for detached homes at the end of the month. The benchmark sale price was $1,195,000 and the average days on market were 50. Central Coquitlam with 7 sales experienced the most sales activity.

The condo market had 42 sales and 276 active listings. The benchmark sale price was $515,500 with 54 average days on market. The hottest market for sale was North Coquitlam with 16 sales.

Townhomes featured 13 sales and 91 active listings. The benchmark sales price was $672,300 with an average days on market of 45. Burke Mountain, with 3 sales, had the most sales activity.

It’s a buyer’s market in Coquitlam.

MarketHotSheet_January_2019_Coquitlam

Port Coquitlam

Port Coquitlam had 13 sales and 126 active listings for detached homes. The benchmark sale price was $943,200 with an average days on market of 55. Lincoln Park PQ and Oxford Heights with 3 sales each experienced the most sales activities of the month.

Condo featured 16 sales, 90 active listings, a $458,700 benchmark sales price, and 34 average days on market. Central Pt Coquitlam had the most sales activity at 9.

In comparison, townhome had 7 sales and 73 active listings. The benchmark sales price was $637,700 with an average days on market of 70. Riverwood was the hottest markets with 3 sales.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_January_2019_PortCoquitlam

Port Moody

There were 8 sales and 89 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,454,500 and the average days on market were 29. Heritage Woods PM and Port Moody Centre had the most sales activity for the month with 2 sales each.

The condo market featured 18 sales, 59 active listings, $629,400 benchmark sale price, and 66 average days on market. Port Moody Centre, 11 sales, had most sales activity.

In comparison, townhome sales were 5, active listings were 21 and the benchmark sale price was $643,900. The average days on market were 57. Heritage Woods PM and North Shore Pt Moody had the most sales activity with 2 sales each.

It’s a seller’s market for condos.

MarketHotSheet_January_2019_PortMoody

Maple Ridge

In the Maple Ridge market, there were 36 sales and 368 active listings for detached homes at the end of the month. The benchmark sale price was $804,500 and the average days on market were 47. Albion experienced the most sales activity with 9 sales.

The condo market had 16 sales and 97 active listings. The benchmark sale price was $359,500 with 59 average days on market. The hottest market for sales was East Central, 11 sales.­­

Townhome featured 28 sales and 110 active listings. The benchmark sales price was $538,700 with an average days on market of 43. Cottonwood MR had the most sales activity with 9 sales each.

It’s a seller’s market for townhomes.

MarketHotSheet_January_2019_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_January_2019_BurnabyEast

Burnaby North

MarketHotSheet_January_2019_BurnabyNorth

Burnaby South

MarketHotSheet_January_2019_BurnabySouth

New Westminster

MarketHotSheet_January_2019_NewWestminster

Richmond

MarketHotSheet_January_2019_Richmond

Ladner

MarketHotSheet_January_2019_Ladner

Tsawwassen

MarketHotSheet_January_2019_Tsawwassen

Pitt Meadows

MarketHotSheet_January_2019_PittMeadows

Bowen Island

MarketHotSheet_January_2019_BowenIsland

Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?

Macdonald Realty has offices across the Greater Vancouver. Please email bijan@macrealty.com or call 1-604-365-0185.

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

Greater Vancouver Real Estate Market Statistics – December 2018

Here are the latest Greater Vancouver real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in December 2018.

Vancouver-West

In the Vancouver Westside, there were 34 sales of detached homes and 611 active listings at the end of the month. The benchmark sale price was $3,135,400 with average days on market of 43. The hottest markets for sales was Dunbar with 8 sales.

In comparison, the condo market had 139 sales, 1,015 active listings and a benchmark sale price of $783,700 with an average of 47 days on market. The hottest market for sales was Downtown VW, 34 sales.

Townhome sales were 16, active listings were 137. The benchmark sale price was $1,236,500 with an average days on market of 36. Kitsilano with 6 sales was the hottest market of the month.

It’s a buyer’s market in Vancouver West.

MarketHotSheet_December_2018_VancouverWest

Vancouver-East

The Vancouver Eastside had 43 sales and 559 active listings for detached homes at the end of the month. The benchmark sales price was $1,447,300, and the average days on market were 50. The hottest sales market was Grandview VE with 7 sales.

The condo market featured 53 sales, 271 active listings, and a benchmark sales price was $538,000. The average days on market were 25 days, and the hottest market for sales was Mount Pleasant VE with 23 sales.

The townhome market, on the other hand, had 15 sales and 68 active listings. The benchmark sale price was $850,000 with 36 average days on market. The hottest market for sales was Main and Collingwood VE with 3 sales each.

It’s a buyer’s market for homes.

MarketHotSheet_December_2018_VancouverEast

North Vancouver

In December, the North Vancouver market had 41 sales and 284 active listings for detached homes. The benchmark sale price was $1,542,200 with an average days on market of 59. Edgemont with 8 sales had the most sales activity.

There were 35 sales and 203 active listings for condos. The benchmark sale price was $567,300 with 36 average days on market. Lower Lonsdale had the hottest sales market with 10 sales.

Townhome sales were 20, active listings were 78, the benchmark sale price was $994,300 and the average days on market were 41. Central Lonsdale had the most activity with 5 sales.

It’s a seller’s market for townhomes.

MarketHotSheet_December_2018_NorthVancouver

West Vancouver

The West Vancouver market had 15 sales and 411 active listings for detached homes. The benchmark sale price was $2,674,700 with 68 average days on market. British Properties had the most sales at 5.­

Condo sales were 10 and active listings were 79 at the end of the month. The benchmark sales price was $1,140,900 with an average days on market of 40. Dundarave had the most sales at 6.

In comparison, townhome market had 2 sales and 21 active listings.

It’s a buyer’s market in West Vancouver.

MarketHotSheet_December_2018_WestVancouver

Coquitlam

In the Coquitlam market, there were 28 sales and 364 active listings for detached homes at the end of the month. The benchmark sale price was $1,214,300 and the average days on market were 43. Central Coquitlam with 10 sales experienced the most sales activity.

The condo market had 43 sales and 242 active listings. The benchmark sale price was $519,000 with 46 average days on market. The hottest market for sale was Coquitlam West with 14 sales.

Townhomes featured 16 sales and 76 active listings. The benchmark sales price was $667,900 with an average days on market of 47. Burke Mountain, with 6 sales, had the most sales activity.

It’s a buyer’s market for homes.

MarketHotSheet_December_2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 18 sales and 117 active listings for detached homes. The benchmark sale price was $947,000 with an average days on market of 48. Citadel PQ with 5 sales experienced the most sales activities of the month.

Condo featured 18 sales, 60 active listings, a $451,200 benchmark sales price, and 32 average days on market. Central Pt Coquitlam had the most sales activity at 11.

In comparison, townhome had 13 sales and 67 active listings. The benchmark sales price was $633,700 with an average days on market of 52. Riverwood was the hottest markets with 5 sales.

It’s a seller’s market for condos.

MarketHotSheet_December_2018_PortCoquitlam

Port Moody

There were 6 sales and 79 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,485,300 and the average days on market were 50. Anmore had the most sales activity for the month with 2 sales.

The condo market featured 13 sales, 53 active listings, $627,300 benchmark sale price, and 33 average days on market. Port Moody Centre, 11 sales, had most sales activity.

In comparison, townhome sales were 10, active listings were 18 and the benchmark sale price was $661,000. The average days on market were 47. Port Moody Centre had the most sales activity with 4 sales.

It’s a seller’s market for townhomes.

MarketHotSheet_December_2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 46 sales and 329 active listings for detached homes at the end of the month. The benchmark sale price was $824,200 and the average days on market were 67. East Central experienced the most sales activity with 9 sales.

The condo market had 18 sales and 84 active listings. The benchmark sale price was $360,800 with 49 average days on market. The hottest market for sales was West Central, 9 sales.­­

Townhome featured 8 sales and 101 active listings. The benchmark sales price was $552,300 with an average days on market of 38. Albion and Cottonwood MR had the most sales activity with 2 sales each.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_December_2018_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby EastMarketHotSheet_December_2018_BurnabyEast

Burnaby North

MarketHotSheet_December_2018_BurnabyNorth

Burnaby South

MarketHotSheet_December_2018_BurnabySouth

New Westminster

MarketHotSheet_December_2018_NewWestminster

Richmond

MarketHotSheet_December_2018_Richmond

Ladner

MarketHotSheet_December_2018_Ladner

Tsawwassen

MarketHotSheet_December_2018_Tsawwassen

Pitt Meadows

MarketHotSheet_December_2018_PittMeadows

Bowen Island

MarketHotSheet_December_2018_BowenIsland

Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?

Macdonald Realty has offices across the Greater Vancouver. Please email bijan@macrealty.com or call 1-604-365-0185 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.

Macdonald Realty Luxury Homes Magazine | Winter 2018

New Winter edition of Macdonald Realty’s Luxury Homes Collection has arrived!

As 2018 comes to a close, we’re pleased to share this first edition of our new look magazine with our readers.

For six consecutive years the magazine has been featuring a wide variety of luxury properties from all over the province. The collection of luxury homes keeps surprising us with the range of amenities that high-end homes have to offer. Whether it is a well-equipped wine room, yoga studio, karaoke stage or even a slide, there is always something special for an affluent home buyer.

Who knows luxury lifestyle? We do. In this Winter edition of Macdonald Luxury Collection we’re shining a spotlight on the unconventional and bespoke in our curated feature (page 40), as well as highlighting three brands bringing talented textile artists to the forefront in our Artisan feature (page 6). Our resident sommelier makes her recommendations for Vancouver Island wines what will pair well with your holiday entertaining.

Grab your copy of the magazine, both print and digital versions are available now.

Macdonald Realty Luxury Collection Magazine - Winter 2018

Macdonald Realty Luxury Collection Magazine – Winter 2018

CLICK HERE to view the digital edition on your computer or tablet

Province moves forward on condo, strata assignment registry

bc condo flipping registry

The British Columbia government has released regulations to create a new condo and strata assignment registry.

This register is designed to crack down on tax evasion and make B.C.’s real estate market more transparent and fair for British Columbians.

“We will not allow real estate speculators and tax frauds to take advantage of loopholes in the system any longer, and this register sends a clear message. The days of avoiding taxes through condo flipping are over,” said Carole James, Minister of Finance. “This register will help bring fairness and integrity back to B.C.’s real estate market, so that people can afford homes in the communities where they live and work.”

The existing real estate regime in British Columbia was vulnerable to those involved in flipping pre-sale condo assignments without paying the appropriate taxes. To crack down on tax evasion, the B.C. government is creating the Condo and Strata Assignment Integrity Register (CSAIR). The government will collect comprehensive information on condo and strata assignments through the register and help tax authorities find people who are not paying the appropriate taxes.

Effective Jan. 1, 2019, developers who sell strata lots in development properties must:

  • include terms and a notice in their contracts to inform buyers of the new collection and reporting requirements;
  • collect information, including the terms of the assignment and the name and social insurance number or business information of the parties to the assignment; and
  • report this information in the online register.  

The B.C. government will provide this information to the Canada Revenue Agency so that transactions can be traced back to the assigner’s income tax return. This will ensure that people who assign condos are paying the appropriate income taxes.

The government will use this information to ensure that buyers accurately report the final purchase price of a condo unit, including all assignment amounts, and pay the appropriate property transfer tax. The government will also use the information to inform future housing and tax policy.

The Land Title and Survey Authority of British Columbia will manage the online register system. In order to comply with the new assignment reporting requirements, developers must update their contracts by Jan. 1, 2019, and must have a myLTSA Enterprise account by March 31, 2019. The first assignment reporting period ends March 31, 2019, and the report is due on April 30, 2019.

The register is one part of the B.C. government’s 30-Point Housing Plan to address housing affordability. Already, the government has taken several actions to address tax fraud and close loopholes in the real estate market, including:

  • Convened an Expert Panel on Money Laundering in Real Estate to identify systemic risks that leave the real estate and financial services sectors open to money laundering.
  • Consulting on legislation to establish a new, publicly accessible registry of beneficial owners of real estate in B.C.
  • Updating the property transfer tax return to uncover beneficial owners behind corporations and trusts.
  • Enacting legislation to allow information sharing on the homeowner grant with federal tax officials to improve tax enforcement.
  • Strengthening property transfer tax auditors’ ability to take action on tax evasion.
  • Establishing a federal-provincial working group on tax fraud and money laundering.

Learn More:

Read the regulation: https://www2.gov.bc.ca/gov/content?id=344E710339E24E1C8C13F9409C154127

Information on the Condo and Strata Assignment Integrity Register for developers:
https://www2.gov.bc.ca/gov/content/governments/organizational-structure/ministries-organizations/central-government-agencies/office-of-the-superintendent-of-real-estate/news

30-Point Plan for Housing Affordability: http://bcbudget.gov.bc.ca/2018/homesbc/2018_Homes_For_BC.pdf

Original post by https://news.gov.bc.ca/releases/2018FIN0081-002123

Greater Vancouver Real Estate Market Statistics – November 2018

Here are the latest Greater Vancouver real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in November 2018.

Vancouver-West

In the Vancouver Westside, there were 62 sales of detached homes and 813 active listings at the end of the month. The benchmark sale price was $3,205,500 with average days on market of 58. The hottest markets for sales was Kitsilano with 9 sales.

In comparison, the condo market had 207 sales, 1,354 active listings and a benchmark sale price of $781,900 with an average of 31 days on market. The hottest market for sales was Downtown VW, 47 sales.

Townhome sales were 25, active listings were 203. The benchmark sale price was $1,247,400 with an average days on market of 37. Fairview VW with 9 sales was the hottest market of the month.

It’s a buyer’s market in Vancouver West.

MarketHotSheet_November_2018_VancouverWest

Vancouver-East

The Vancouver Eastside had 58 sales and 773 active listings for detached homes at the end of the month. The benchmark sales price was $1,470,800, and the average days on market were 49. The hottest sales market was Grandview VE with 10 sales.

The condo market featured 90 sales, 389 active listings, and a benchmark sales price was $551,400. The average days on market were 30 days, and the hottest market for sales was Mount Pleasant VE with 26 sales.

The townhome market, on the other hand, had 23 sales and 89 active listings. The benchmark sale price was $830,800 with 40 average days on market. The hottest market for sales was Champlain Heights and Collingwood VE with 5 sales each.

It’s a seller’s market for townhomes.

MarketHotSheet_November_2018_VancouverEast

North Vancouver

In November, the North Vancouver market had 40 sales and 429 active listings for detached homes. The benchmark sale price was $1,569,100 with an average days on market of 33. Canyon Heights NV with 7 sales had the most sales activity.

There were 76 sales and 297 active listings for condos. The benchmark sale price was $574,000 with 27 average days on market. Lower Lonsdale and Central Lonsdale with 18 sales each were the hottest sales markets.

Townhome sales were 22, active listings were 113, the benchmark sale price was $1,014,900 and the average days on market were 50. Central Lonsdale had the most activity with 4 sales.

It’s a seller’s market for condos.

MarketHotSheet_November_2018_NorthVancouver

West Vancouver

The West Vancouver market had 25 sales and 545 active listings for detached homes. The benchmark sale price was $2,738,300 with 62 average days on market. Ambleside had the most sales at 4.

Condo sales were 5 and active listings were 107 at the end of the month. The benchmark sales price was $1,207,500 with an average days on market of 23. Ambleside had the most sales at 4.

In comparison, townhome market had 1 sale and 29 active listings.

It’s a buyer’s market in West Vancouver.

MarketHotSheet_November_2018_WestVancouver

Coquitlam

In the Coquitlam market, there were 52 sales and 478 active listings for detached homes at the end of the month. The benchmark sale price was $1,230,100 and the average days on market were 41. Central Coquitlam with 13 sales experienced the most sales activity.

The condo market had 56 sales and 316 active listings. The benchmark sale price was $522,300 with 34 average days on market. The hottest market for sale was North Coquitlam with 15 sales.

Townhomes featured 22 sales and 113 active listings. The benchmark sales price was $670,400 with an average days on market of 24. Burke Mountain, with 16 sales, had the most sales activity.

It’s a buyer’s market for homes.

MarketHotSheet_November_2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 21 sales and 157 active listings for detached homes. The benchmark sale price was $978,100 with an average days on market of 49. Mary Hill with 6 sales experienced the most sales activities of the month.

Condo featured 36 sales, 96 active listings, a $451,700 benchmark sales price, and 24 average days on market. Central Pt Coquitlam had the most sales activity at 23.

In comparison, townhome had 12 sales and 84 active listings. The benchmark sales price was $639,000 with an average days on market of 22. Riverwood was the hottest markets with 8 sales.

It’s a seller’s market for condos.

MarketHotSheet_November_2018_PortCoquitlam

Port Moody

There were 13 sales and 102 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,498,900 and the average days on market were 69. North Shore Pt Moody and Port Moody Centre had the most sales activities for the month with 3 sales each.

The condo market featured 15 sales, 77 active listings, $646,000 benchmark sale price, and 34 average days on market. Port Moody Centre, 11 sales, had most sales activity.

In comparison, townhome sales were 5, active listings were 33 and the benchmark sale price was $673,800. The average days on market were 28. Port Moody Centre had the most sales activity with 3 sales.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_November_2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 57 sales and 406 active listings for detached homes at the end of the month. The benchmark sale price was $830,100 and the average days on market were 41. East Central experienced the most sales activity with 12 sales.

The condo market had 18 sales and 125 active listings. The benchmark sale price was $359,000 with 29 average days on market. The hottest market for sales was West Central, 10 sales.­­

Townhome featured 31 sales and 119 active listings. The benchmark sales price was $550,100 with an average days on market of 50. East Central had the most sales activity with 11 sales.

It’s a seller’s market for townhomes.

MarketHotSheet_November_2018_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_November_2018_BurnabyEast

Burnaby North

MarketHotSheet_November_2018_BurnabyNorth

Burnaby South

MarketHotSheet_November_2018_BurnabySouth

New Westminster

MarketHotSheet_November_2018_NewWestminster

Richmond

MarketHotSheet_November_2018_Richmond

Ladner

MarketHotSheet_November_2018_Ladner

Tsawwassen

MarketHotSheet_November_2018_Tsawwassen

Pitt Meadows

MarketHotSheet_November_2018_PittMeadows

Bowen Island

MarketHotSheet_November_2018_BowenIsland

Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?

Macdonald Realty has offices across the Greater Vancouver. Please email bijan@macrealty.com or call 1-604-365-0185.

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

Greater Vancouver Real Estate Market Statistics – October 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver real estate market in October 2018.

Vancouver-West

In the Vancouver Westside, there were 66 sales of detached homes and 849 active listings at the end of the month. The benchmark sale price was $3,267,800, with average days on market of 61. The hottest markets for sales was Dunbar with 13 sales.

In comparison, the condo market had 269 sales, 1,405 active listings and a benchmark sale price of $809,600 with an average of 27 days on market. The hottest market for sales was Downtown VW, 56 sales.

Townhome sales were 39, active listings were 214. The benchmark sale price was $1,232,500 with an average days on market of 24. Fairview VW with 13 sales was the hottest market of the month.

It’s a buyer’s market for homes.

MarketHotSheet_October_2018_VancouverWest

Vancouver-East

The Vancouver Eastside had 80 sales and 803 active listings for detached homes at the end of the month. The benchmark sales price was $1,480,700, and the average days on market were 47. The hottest sales market was Victoria VE with 11 sales.

The condo market featured 119 sales, 424 active listings, and a benchmark sales price was $569,100. The average days on market were 25 days, and the hottest market for sales was Mount Pleasant VE with 35 sales.

The townhome market, on the other hand, had 28 sales and 98 active listings. The benchmark sale price was $833,200 with 28 average days on market. The hottest market for sales was Champlain Heights with 8 sales.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_October_2018_VancouverEast

North Vancouver

In October, the North Vancouver market had 69 sales and 474 active listings for detached homes. The benchmark sale price was $1,594,700 with an average days on market of 43. Lynn Valley with 8 sales had the most sales activity.

There were 78 sales and 341 active listings for condos. The benchmark sale price was $582,000 with 18 average days on market. The neighborhood of Lower Lonsdale with 26 sales was the hottest sales market.

Townhome sales were 23, active listings were 115, the benchmark sale price was $1,026,400 and the average days on market were 23. Lynnmour had the most activity with 5 sales.

It’s a buyer’s market for homes.

MarketHotSheet_October_2018_NorthVancouver

West Vancouver

The West Vancouver market had 36 sales and 574 active listings for detached homes. The benchmark sale price was $2,758,400 with 54 average days on market. British Properties had the most sales at 6.

Condo sales were 15 and active listings were 112 at the end of the month. The benchmark sales price was $1,157,200 with an average days on market of 72. Ambleside and Dundarave had the most sales at 4.

In comparison, townhome market had 3 sales and 29 active listings.

It’s a buyer’s market in West Vancouver.

MarketHotSheet_October_2018_WestVancouver

Coquitlam

In the Coquitlam market, there were 45 sales and 529 active listings for detached homes at the end of the month. The benchmark sale price was $1,252,200 and the average days on market were 41. Central Coquitlam with 9 sales experienced the most sales activity.

The condo market had 62 sales and 354 active listings. The benchmark sale price was $529,000 with 31 average days on market. The hottest market for sales was North Coquitlam and Coquitlam West with 22 sales each.

Townhomes featured 26 sales and 110 active listings. The benchmark sales price was $681,000 with an average days on market of 32. Burke Mountain, with 9 sales, had the most sales activity.

It’s a buyer’s market for homes.

MarketHotSheet_October_2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 17 sales and 170 active listings for detached homes. The benchmark sale price was $975,500 with an average days on market of 36. Riverwood with 5 sales experienced the most sales activities of the month.

Condo featured 37 sales, 103 active listings, a $458,200 benchmark sales price, and 30 average days on market. Central Pt Coquitlam had the most sales activity at 29.

In comparison, townhome had 19 sales and 84 active listings. The benchmark sales price was $646,400 with an average days on market of 19. Riverwood was the hottest markets with 9 sales.

It’s a seller’s market for condos.

MarketHotSheet_October_2018_PortCoquitlam

Port Moody

There were 11 sales and 119 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,489,100 and the average days on market were 29. College Park PM, Heritage Mountain, North Shore Pt Moody and Port Moody Centre had the most sales activities for the month with 2 sales each.

The condo market featured 15 sales, 83 active listings, $659,200 benchmark sale price, and 23 average days on market. Port Moody Centre, 10 sales, had most sales activity.

In comparison, townhome sales were 11, active listings were 31 and the benchmark sale price was $677,000. The average days on market were 20. College Park PM had the most sales activity with 5 sales.

It’s a seller’s market for townhomes.

MarketHotSheet_October_2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 74 sales and 422 active listings for detached homes at the end of the month. The benchmark sale price was $853,000 and the average days on market were 48. Albion experienced the most sales activity with 13 sales.

The condo market had 31 sales and 123 active listings. The benchmark sale price was $363,700 with 32 average days on market. The hottest market for sales was East Central, 18 sales.

Townhome featured 38 sales and 143 active listings. The benchmark sales price was $552,900 with an average days on market of 28. Cottonwood MR and East Central had the most sales activity with 10 sales each.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_October_2018_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_October_2018_BurnabyEast

 

Burnaby North

MarketHotSheet_October_2018_BurnabyNorth

 

Burnaby South

MarketHotSheet_October_2018_BurnabySouth

 

New Westminster

MarketHotSheet_October_2018_NewWestminster

 

Richmond

MarketHotSheet_October_2018_Richmond

 

Ladner

MarketHotSheet_October_2018_Ladner

 

Tsawwassen

MarketHotSheet_October_2018_Tsawwassen

 

Pitt Meadows

MarketHotSheet_October_2018_PittMeadows

 

Bowen Island

MarketHotSheet_October_2018_BowenIsland

 

Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?

Macdonald Realty has offices across the Greater Vancouver. Please email bijan@macrealty.com or call 1-604-365-0185.

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