Vancouver Real Estate Market Statistics – May 2017

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

Vancouver Westside

In the Vancouver Westside, there were 188 sales of detached homes and 635 active listings at the end of the month. The benchmark sale price was $3,588,300, with an average days on market of 42. The hottest market for sales was Kitsilano with 25 sales.

In comparison, the condo market had 528 sales, 664 active listings and a benchmark sale price of $737,500 with an average of 20 days on market. The hottest market for sales was Downtown VW, 112 sales.

Townhome sales were 67, active listings were 110. The benchmark sale price was $1,154,200 with an average days on market of 24. Kitsilano with 19 sales was the hottest market in May.

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

MarketHotSheet_May2017_VanWest

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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

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Vancouver Real Estate Market Statistics – March 2017

Here are the latest real estate market statistics from Macdonald Realty on Vancouver West and Vancouver East listings and sales in March 2017.

Vancouver West

In the Vancouver Westside, there were 95 sales of detached homes and 595 active listings at the end of March. The benchmark sale price was $3,461,700, with an average days on market of 35. The hottest market for sales was Dunbar with 23 sales.

In comparison, the condo market had 455 sales, 656 active listings and a benchmark sale price of $692,400 with an average of 24 days on market. The hottest market for sales was Downtown VW, 109 sales.

Townhome sales were 57, active listings were 111. The benchmark sale price was $1,079,100 with an average days on market of 57. Fairview VW with 13 sales was the hottest market in March.

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

MarketHotSheet_March2017_VanWest

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Vancouver Real Estate Market Statistics – February 2017

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

Vancouver West

In the Vancouver Westside, there were 93 sales of detached homes and 602 active listings at the end of February. The benchmark sale price was $3,422,700, with an average days on market of 35. The hottest market for sales was Dunbar with 18 sales.

In comparison, the condo market had 368 sales, 686 active listings and a benchmark sale price of $688,400 with an average of 21 days on market. The hottest market for sales was Downtown VW, 85 sales.

Townhome sales were 32, active listings were 108. The benchmark sale price was $1,069,800 with an average days on market of 24. Kitsilano with 8 sales was the hottest market in February.

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

MarketHotSheet_February2017_VanWest

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Macdonald Realty listings get extra exposure on international website LeadingRE.com

PrintMacdonald Realty offers consumers an easy way to search home listings and identify top real estate firms in markets worldwide through its participation in the new LeadingRE.com.

The site also brings global exposure for our BC real estate listings and provides consumer resources, such as cost of living comparisons, school information, recent home sales and other local resources and statistics. LeadingRE.com can be accessed via macrealty.com by clicking the Global Home Search logo on the homepage.

“LeadingRE.com now provides home buyers and sellers an easy way to identify the top-performing real estate companies in a given market by searching over 400,000 member listings or by using our comprehensive member directory,” notes Leading Real Estate Companies of the World Director of Strategic Development Rhett Damon. “Our network linking strategy connects many of our high-traffic member sites to LeadingRE.com’s national or global search, providing valuable listing exposure to home sellers.”

LeadingRE-homepage-2017

We're_Local_Global_Horizontal_RGB_Color_TM

For more information about Macdonald Realty and our LeadingRE partnership please email macrealty@macrealty.com or call 1-877-278-3888.  Looking to buy or sell, locally or globally?  Allow us to make a quality introduction to be matched with an independent brokerage and REALTOR® working in your area.

Vancouver Real Estate Market Statistics – January 2017

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

Vancouver Westside

In the Vancouver Westside, there were 37 sales of detached homes and 595 active listings at the end of January. The benchmark sale price was $3,419,800, with an average days on market of 51. The hottest market for sales was Point Grey with 9 sales.

In comparison, the condo market had 213 sales, 691 active listings and a benchmark sale price of $662,400 with an average of 33 days on market. The hottest market for sales was Downtown VW, 54 sales.

Townhome sales were 19, active listings were 87. The benchmark sale price was $1,066,700 with an average days on market of 28. Kitsilano with 5 sales was the hottest market in January.

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

MarketHotSheet_January2017_VanWest

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Quality | Connections | Independence

PrintMacdonald Realty is a member of Leading Real Estate Companies of the World™, a global community of real estate companies awarded membership based on rigorous standards for service and performance.

This LeadingRE distinction ensures that you can count on a quality real estate experience when working with us and will benefit from our global connections to buyers and high quality real estate professionals around the world.

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Vancouver Real Estate Market Statistics – December 2016

Here are the latest real estate market statistics from Macdonald Realty on Vancouver Westside and Eastside listings and sales in December 2016.

 

Vancouver – Westside

In the Vancouver Westside, there were 64 sales of detached homes and 402 active listings at the end of December. The benchmark sale price was $3,443,100, with an average days on market of 48. The hottest market for sales was Dunbar with 14 sales.

In comparison, the condo market had 238 sales, 549 active listings and a benchmark sale price of $666,800 with an average of 34 days on market. The hottest market for sales was Downtown VW, 67 sales.

Townhome sales were 20, active listings were 69. The benchmark sale price was $1,061,500 with an average days on market of 35. Kitsilano with 6 sales was the hottest market in December.

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

Vancouver real estate market stats

Vancouver – Eastside

The Vancouver Eastside had 64 sales and 545 active listings for detached homes at the end of the month. The benchmark sales price was $1,456,700, and the average days on market were 52. The hottest sales market was Killarney VE with 11 sales.

The condo market featured 95 sales, 129 active listing, and a benchmark sales price was $435,500. The average days on market were 26 days, and the hottest market for sales was Mount Pleasant VE with 35 sales.

The townhome market, on the other hand, had 20 sales and 35 active listings. The benchmark sale price was $731,000 with 34 average days on market. Champlain Heights, 6 sales, had the most sales in December.

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

East Vancouver real estate market statistics

 

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.rebgv.org

Vancouver Real Estate Market Statistics – November 2016

Here are the latest real estate market statistics from Macdonald Realty on Vancouver Westside and Eastside listings and sales in November 2016.

Vancouver Westside

In the Vancouver Westside, there were 69 sales of detached homes and 586 active listings at the end of November. The benchmark sale price was $3,521,000, with an average days on market of 48. The hottest market for sales was Point Grey with 13 sales.

In comparison, the condo market had 296 sales, 831 active listings and a benchmark sale price of $686,300 with 26 average days on market. The hottest market for sales was Downtown VW, 71 sales.

Townhome sales were 37, active listings were 111. The benchmark sale price was $1,089,300 with an average days on market of 20. Kitsilano with 7 sales was the hottest market in November.

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

MarketHotSheet_November2016_VanWest

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Our Certified Negotiation Experts in East Vancouver

These REALTORS® from our Vancouver East office have completed extra training in negotiation tactics to become Certified Negotiation Experts, earning the CNE® designation.

Think about it – Savvy negotiation skills help both parties in a real estate transaction. REALTORS® keep deals on track. Macdonald Realty is committed to providing our agents with industry leading negotiation training, thereby putting them in the best position to provide protection for our clients during a negotiation.

Vancouver East CNE

Learn more at macrealty.com   OVER 300 MACDONALD REALTY AGENTS ACHIEVE THE CERTIFIED NEGOTIATION EXPERT DESIGNATION

See more about these amazing real estate professionals by clicking their name to see their profile and contact information:

Brandon Cherrington
Shauna Gold
Lyn Hart
Sara Henke
Shawn Smiley Nesbitt
Kim Parish
Sean Patterson
Pauline Rilcof
Karlis Silins
Ivana Smolcic
Peter Vanderkooy


About Certified Negotiation Expert (CNE®) designation:
Offered by the Real Estate Negotiation Institute (RENI), the CNE® course applies up-to-date research in negotiation dynamics to the real estate sales process.  It provides agents with tangible tools and insights to achieve better outcomes for their clients during negotiations. Canadian Director of the RENI says, “I would like to congratulate Macdonald Realty on being the only brokerage in Canada to have successfully certified over 300 of their real estate professionals in this critical area of expertise.  Their commitment to a higher level of service excellence proves that they are leaders in the real estate industry.”