Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver Real Estate Market in May 2019.
In the Vancouver Westside, there were 86 sales of detached homes and 803 active listings at the end of the month. The benchmark sale price was $2,927,600.
In comparison, the condo market had 320 sales, 1,708 active listings and a benchmark sale price of $758,500 .
Townhome sales were 48 , active listings were 297 . The benchmark sale price was $1,116,000 .
It’s a buyer’s market for homes and townhomes in Vancouver West.
The Vancouver Eastside had 124 sales and 743 active listings for detached homes at the end of the month. The benchmark sales price was $1,347,000.
The condo market featured 141 sales, 511 active listings, and a benchmark sales price was $569,300 .
The townhome market, on the other hand, had 40 sales and 106 active listings. The benchmark sale price was $873,700.
It’s a seller’s market for condos and townhomes.
In May, the North Vancouver market had 105 sales and 473 active listings for detached homes. The benchmark sale price was $1,508,300.
There were 106 sales and 430 active listings for condos. The benchmark sale price was $557,100.
Townhome sales were 41, active listings were 139, the benchmark sale price was $953,200.
It’s a seller’s market for townhomes.
The West Vancouver market had 56 sales and 563 active listings for detached homes. The benchmark sale price was $2,518,000.
Condo sales were 11 and active listings were 126 at the end of the month. The benchmark sales price was $1,022,700.
In comparison the townhome market had only 2 sales and 40 active listings.
It’s a buyer’s market for homes and condos.
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