Vancouver Real Estate Market Statistics – June 2017

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

Vancouver West

In the Vancouver Westside, there were 114 sales of detached homes and 744 active listings at the end of the month. The benchmark sale price was $3,627,200, with an average days on market of 29. The hottest markets for sales were Dunbar and Kitsilano with 17 sales each.

In comparison, the condo market had 462 sales, 685 active listings and a benchmark sale price of $772,900 with an average of 17 days on market. The hottest market for sales was Downtown VW, 96 sales.

Townhome sales were 61, active listings were 119. The benchmark sale price was $1,211,600 with an average days on market of 19. Fairview VW with 14 sales was the hottest market in June.

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

MarketHotSheet_June2017_VanWest

Vancouver East

The Vancouver Eastside had 159 sales and 802 active listings for detached homes at the end of the month. The benchmark sales price was $1,534,100, and the average days on market were 26. The hottest sales market was Renfrew VE with 19 sales.

The condo market featured 237 sales, 153 active listing, and a benchmark sales price was $507,700. The average days on market were 15 days, and the hottest market for sales was Collingwood VE with 69 sales.

The townhome market, on the other hand, had 42 sales and 60 active listings. The benchmark sale price was $813,400 with 17 average days on market. Mount Pleasant VE, 11 sales, had the most sales in June.

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

MarketHotSheet_June2017_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