Vancouver Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on Vancouver Westside and Eastside listings and sales in April 2017.

Vancouver Westside

In the Vancouver Westside, there were 111 sales of detached homes and 627 active listings at the end of the month. The benchmark sale price was $3,495,800, with an average days on market of 51. The hottest market for sales was Dunbar with 18 sales.

In comparison, the condo market had 441 sales, 641 active listings and a benchmark sale price of $718,400 with an average of 21 days on market. The hottest market for sales was Downtown VW, 101 sales.

Townhome sales were 57, active listings were 114. The benchmark sale price was $1,124,600 with an average days on market of 21. Fairview VW with 13 sales was the hottest market in April.

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

MarketHotSheet_April2017_VanWest

Vancouver Eastside

The Vancouver Eastside had 142 sales and 759 active listings for detached homes at the end of the month. The benchmark sales price was $1,474,400, and the average days on market were 32. The hottest sales market was Killarney with 17 sales.

The condo market featured 165 sales, 217 active listing, and a benchmark sales price was $480,300. The average days on market were 22 days, and the hottest markets for sales were Collingwood VE and Mount Pleasant VE with 37 sales each.

The townhome market, on the other hand, had 39 sales and 43 active listings. The benchmark sale price was $763,800 with 18 average days on market. Champlain Heights, 8 sales, had the most sales in April.

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

MarketHotSheet_April2017_VanEast

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 macrealty@macrealty.com or call 1-877-278-3888 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.rebgvkv.org