Vancouver Real Estate Market Statistics – September 2017

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

Vancouver West

In the Vancouver Westside, there were 74 sales of detached homes and 871 active listings at the end of the month. The benchmark sale price was $3,653,500, with an average days on market of 59. The hottest market for sales was Dunbar with 12 sales.

In comparison, the condo market had 403 sales, 757 active listings and a benchmark sale price of $796,100 with an average of 26 days on market. The hottest market for sales was Downtown VW, 96 sales.

Townhome sales were 58, active listings were 129. The benchmark sale price was $1,265,100 with an average days on market of 29. Fairview VW and Kitsliano with 12 sales each were the hottest markets of the month.

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

MarketHotSheet_September2017_VanWest

Vancouver East

The Vancouver Eastside had 95 sales and 801 active listings for detached homes at the end of the month. The benchmark sales price was $1,564,900, and the average days on market were 32. The hottest sales market was Killarney VE with 13 sales.

The condo market featured 129 sales, 184 active listing, and a benchmark sales price was $535,600. The average days on market were 17 days, and the hottest market for sales was Mount Pleasant VE with 37 sales.

The townhome market, on the other hand, had 32 sales and 50 active listings. The benchmark sale price was $851,200 with 23 average days on market. Champlain Heights and Mount Pleasant VE, with 6 sales each, had the most sales of the month.

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

MarketHotSheet_September2017_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