Greater Vancouver Real Estate Market Statistics – December 2017

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in November 2017.

Vancouver

In the Vancouver Westside, there were 37 sales of detached homes and 553 active listings at the end of the month. The benchmark sale price was $3,556,100, with an average days on market of 64. The hottest markets for sales were Kerrisdale and Kitsliano with 5 sales each.

In comparison, the condo market had 253 sales, 511 active listings and a benchmark sale price of $807,100 with an average of 22 days on market. The hottest market for sales was Downtown VW, 65 sales.

Townhome sales were 22, active listings were 98. The benchmark sale price was $1,242,400 with an average days on market of 29. Downtown VW with 3 sales was the hottest market of the month.

It’s a seller’s market for condos.

MarketHotSheet_December2017_VanWest

The Vancouver Eastside had 88 sales and 575 active listings for detached homes at the end of the month. The benchmark sales price was $1,559,900, and the average days on market were 39. The hottest sales market was Grandview with 14 sales.

The condo market featured 116 sales, 127 active listing, and a benchmark sales price was $545,600. The average days on market were 16 days, and the hottest markets for sales were Collingwood VE and Mount Pleasant VE with 21 sales each.

The townhome market, on the other hand, had 20 sales and 68 active listings. The benchmark sale price was $879,200 with 21 average days on market. Collingwood VE and Mount Pleasant VE, with 4 sales each, had the most sales of the month.

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

MarketHotSheet_December2017_VanEast

North Shore

In December, the North Vancouver market had 70 sales and 214 active listings for detached homes. The benchmark sale price was $1,679,700 with an average days on market of 35. Lynn Valley with 13 sales had the most sales activity.

There were 78 sales and 111 active listings for condos. The benchmark sale price was $560,600 with 22 average days on market. The neighbourhoods of Lower Lonsdale with 38 sales was the hottest sales market.

Townhome sales were 16, active listings were 48, the benchmark sale price was $982,800, and the average days on market were 36. Central Lonsdale with 5 sales had the most sales activity.

It’s a seller’s market for all product types.

MarketHotSheet_December2017_NorthVan

The West Vancouver market had 30 sales and 388 active listings for detached homes. The benchmark sale price was $3,093,200 with 71 average days on market. British Properties with 6 sales was the neighbourhood with the most sales activity.

Condo sales were 10 and active listings were 53 at the end of the month. The benchmark sales price was $1,171,000 with an average days on market of 29. Dundarave had the most sales at 4.

In comparison, townhome market had 1 sales and 14 active listings.

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

MarketHotSheet_December2017_WestVan

Tri Cities

In the Coquitlam market, there were 50 sales and 302 active listings for detached homes at the end of the month. The benchmark sale price was $1,282,800, and the average days on market were 34. Central Coquitlam with 10 sales experienced the most sales activity.

The condo market had 80 sales and 106 active listings. The benchmark sale price was $502,900 with 19 average days on market. The hottest market for sales was North Coquitlam, 31 sales.

Townhome featured 30 sales and 27 active listings. The benchmark sales price was $662,600 with an average days on market of 15. Westwood Plateau, with 9 sales, had the most sales activity.

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

MarketHotSheet_December2017_Coquitlam

The Port Coquitlam had 20 sales and 82 active listings for detached homes. The benchmark sale price was $995,800 with an average days on market of 18. Glenwood PQ and Lincoln Park PQ, with 5 sales each, experienced the most sales activities of the month.

Condo featured 33 sales, 25 active listings, a $411,600 benchmark sales price, and 12 average days on market. Central Pt Coquitlam had the most sales activity at 21.

In comparison, townhome had 16 sales and 24 active listings. The benchmark sales price was $632,700 with an average days on market of 13. Citadel PQ and Glenwood PQ were the hottest markets with 4 sales each.

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

MarketHotSheet_December2017_PortCoquitlam

There were 10 sales and 55 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,501,600, and the average days on market were 53. Glenayre and Port Moody Centre, with 2 sales each, had the most sales activities.

The condo market featured 11 sales, 28 active listings, $632,800 benchmark sale price, and 19 average days on market. Port Moody Centre, 9 sales, had most sales activity.

In comparison, townhome sales were 14, active listings were 20 and the benchmark sale price was $629,100. The average days on market were 15. College Park PM with 4 sales was the hottest market for sales.

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

MarketHotSheet_December2017_PortMoody

Maple Ridge

In the Maple Ridge market, there were 72 sales and 258 active listings for detached homes at the end of the month. The benchmark sale price was $827,000, and the average days on market were 38. Albion with 13 sales experienced the most sales activity.

The condo market had 25 sales and 66 active listings. The benchmark sale price was $282,200 with 12 average days on market. The hottest market for sales was East Central, 16 sales.

Townhome featured 30 sales and 58 active listings. The benchmark sales price was $527,500 with an average days on market of 19. Cottonwood MR with 9 sales had the most sales activity.

It’s a seller’s market for all product types.

MarketHotSheet_December2017_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_December2017_BurnabyEast

Burnaby North

MarketHotSheet_December2017_BurnabyNorth

Burnaby South

MarketHotSheet_December2017_BurnabySouth

New Westminster

MarketHotSheet_December2017_NewWest

Richmond

MarketHotSheet_December2017_Richmond

Ladner

MarketHotSheet_December2017_Ladner

Tsawwassen

MarketHotSheet_December2017_Tsawwasen

Pitt Meadows

MarketHotSheet_December2017_PittMeadows

Bowen Island

MarketHotSheet_December2017_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 speak with Bijan Nagy, the local expert in your area!

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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.rebgvkv.org