Greater Vancouver Real Estate Market Statistics – November 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 84 sales of detached homes and 796 active listings at the end of the month. The benchmark sale price was $3,573,700, with an average days on market of 47. The hottest market for sales was Dunbar with 15 sales.

In comparison, the condo market had 381 sales, 717 active listings and a benchmark sale price of $811,200 with an average of 22 days on market. The hottest market for sales was Downtown VW, 87 sales.

Townhome sales were 40, active listings were 128. The benchmark sale price was $1,268,200 with an average days on market of 16. Kitsliano with 14 sales was the hottest market of the month.

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

MarketHotSheet_November2017_VanWest

The Vancouver Eastside had 94 sales and 801 active listings for detached homes at the end of the month. The benchmark sales price was $1,573,500, and the average days on market were 30. The hottest sales market was Renfrew VE with 15 sales.

The condo market featured 172 sales, 182 active listing, and a benchmark sales price was $540,300. The average days on market were 16 days, and the hottest market for sales was Mount Pleasant VE with 59 sales.

The townhome market, on the other hand, had 30 sales and 85 active listings. The benchmark sale price was $861,900 with 19 average days on market. Mount Pleasant VE, with 8 sales each, had the most sales of the month.

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

MarketHotSheet_November2017_VanEast

North Shore

In November, the North Vancouver market had 76 sales and 357 active listings for detached homes. The benchmark sale price was $1,697,600 with an average days on market of 24. Lynn Valley with 10 sales had the most sales activity.

There were 136 sales and 168 active listings for condos. The benchmark sale price was $566,500 with 19 average days on market. The neighbourhoods of Lower Lonsdale with 45 sales was the hottest sales market.

Townhome sales were 32, active listings were 56, the benchmark sale price was $983,600, and the average days on market were 12. Lynn Valley with 7 sales had the most sales activity.

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

MarketHotSheet_November2017_NorthVan

The West Vancouver market had 37 sales and 541 active listings for detached homes. The benchmark sale price was $3,146,100 with 37 average days on market. British Properties with 7 sales was the neighbourhood with the most sales activity.

Condo sales were 13 and active listings were 64 at the end of the month. The benchmark sales price was $1,154,700 with an average days on market of 17. Ambleside had the most sales at 4.

In comparison, townhome market had 3 sales and 16 active listings.

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

MarketHotSheet_November2017_WestVan

Tri Cities

In the Coquitlam market, there were 81 sales and 421 active listings for detached homes at the end of the month. The benchmark sale price was $1,284,200, and the average days on market were 35. Central Coquitlam with 22 sales experienced the most sales activity.

The condo market had 108 sales and 127 active listings. The benchmark sale price was $493,500 with 21 average days on market. The hottest market for sales was North Coquitlam, 49 sales.

Townhome featured 38 sales and 52 active listings. The benchmark sales price was $658,000 with an average days on market of 28. Burke Mountain, with 12 sales, had the most sales activity.

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

MarketHotSheet_November2017_Coquitlam

The Port Coquitlam had 27 sales and 104 active listings for detached homes. The benchmark sale price was $1,000,300 with an average days on market of 20. Glenwood PQ with 7 sales experienced the most sales activity of the month.

Condo featured 43 sales, 30 active listings, a $435,900 benchmark sales price, and 14 average days on market. Central Pt Coquitlam had the most sales activity at 33.

In comparison, townhome had 22 sales and 33 active listings. The benchmark sales price was $636,200 with an average days on market of 12. Riverwood was the hottest market with 6 sales.

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

MarketHotSheet_November2017_PortCoquitlam

There were 18 sales and 87 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,501,000, and the average days on market were 44. Heritage Woods PM with 4 sales each had the most sales activity.

The condo market featured 39 sales, 36 active listings, $622,700 benchmark sale price, and 18 average days on market. Port Moody Centre, 32 sales, had most sales activity.

In comparison, townhome sales were 15, active listings were 24 and the benchmark sale price was $620,200. The average days on market were 25. Heritage Mountain with 4 sales was the hottest market for sales.

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

MarketHotSheet_November2017_PortMoody

Maple Ridge

In the Maple Ridge market, there were 105 sales and 334 active listings for detached homes at the end of the month. The benchmark sale price was $815,000, and the average days on market were 41. East Central with 25 sales experienced the most sales activity.

The condo market had 40 sales and 28 active listings. The benchmark sale price was $279,600 with 17 average days on market. The hottest market for sales was East Central, 21 sales.

Townhome featured 33 sales and 67 active listings. The benchmark sales price was $532,900 with an average days on market of 23. Cottonwood MR with 13 sales had the most sales activity.

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

MarketHotSheet_November2017_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_November2017_BurnabyEast

Burnaby North

MarketHotSheet_November2017_BurnabyNorth

Burnaby South

MarketHotSheet_November2017_BurnabySouth

New Westminster

MarketHotSheet_November2017_NewWest

Richmond

MarketHotSheet_November2017_Richmond

Ladner

MarketHotSheet_November2017_Ladner

Tsawwassen

MarketHotSheet_November2017_Tsawwassen

Pitt Meadows

MarketHotSheet_November2017_PittMeadows

Bowen Island

MarketHotSheet_November2017_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.

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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.rebgv.org