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