by Macrealty Marketing Team | Jan 7, 2021 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in December 2020.
Find the infographics by visiting the Facebook Album.
Central Okanagan: Kelowna and Lake Country
There were 193 sales, 410 active listings, and an $854,387 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 102 sales and 367 active listings at the end of the month. The average sale price was $406,994.
Townhome sales were 98, active listings were 170 and the average sale price was $560,782.
It’s a seller’s market in Central Okanagan.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area and the average sale price was $651,430. At the end of the month, there were 85 sales and 165 active listings.
There were 16 sales and 78 active listings for condos. The average sale price was $285,768.
In comparison, townhomes featured 32 sales, 49 active listings and a $371,186 average sale price.
It’s a seller’s market for Homes and Townhomes in North Okanagan.
Looking for more information about the real estate market in specific neighbourhoods in Okanagan?
Macdonald Realty has offices in Kelowna and across BC. Please email [email protected] or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.
by Macrealty Marketing Team | Jan 5, 2021 | Market Updates
According to the Fraser Valley Real Estate Board record‐shattering December caps an unexpected year in Fraser Valley real estate.
As released by the FVREB this January “in a year when the real estate market was at a standstill for months due to COVID‐19, total annual sales in the Fraser Valley still finished 12.4% above the 10‐year average due to unrelenting, pent‐up consumer demand during the second half of 2020. In December, the Board’s Multiple Listing Service® (MLS®) processed a staggering 2,086 sales, the strongest December on record and 81.2% above normal for the month. New listings in December, were the second-highest on record at 1,502. By month’s end, active inventory finished below typical levels, at 3,949 units.
Fraser Valley Real Estate Board reported the total sales volume for the year in Fraser Valley was 19,926; an increase of 28.7% compared to 2019’s 15,487 sales and placing it fourth-highest for annual sales since 2011.
Chris Shields, President of the Board, observes, “The pandemic upended everything in 2020 and how the real estate market responded to it was nothing short of remarkable. No one could have anticipated a six‐month stretch like we’ve just experienced. Typical seasonal cycles did not apply, how we conduct business had to change to keep the public safe; and most unexpected, has been the unwavering demand for family‐sized homes in our region and so far, there is no sign of it slowing down.”
Find all the infographics related to the May Market Statistics by visiting the Facebook Album.
Abbotsford
Cloverdale
Langley
Mission
North Delta
North Surrey
Surrey Central
White Rock / South Surrey
Looking for more information about the real estate market in specific neighbourhoods in Surrey, Langley and Fraser Valley?
Macdonald Realty has offices in North Delta, White Rock/South Surrey, and Langley. Please email [email protected] or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
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 Fraser Valley Real Estate Board (FVREB) www.fvreb.bc.ca
by Macrealty Marketing Team | Jan 5, 2021 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in December 2020.
Find all the infographics related to the February Market Statistics by visiting the Facebook Album.
Greater Victoria
According to the Victoria Real Estate Board “A total of 631 properties sold in the Victoria Real Estate Board region this December, 57% more than the 402 properties sold in December 2019 and a 20.6% decrease from November 2020. Sales of condominiums were up 61.2% from December 2019 with 195 units sold. Sales of single-family homes increased 58.6% from December 2019 with 314 sold.”
“This has been an unexpected year on many levels,” says 2020 Victoria Real Estate Board President Sandi-Jo Ayers. “The onset of the COVID-19 pandemic in March and April quickly swept away any illusions that our normal seasonal market patterns would persist. Equally surprising was the resurgence of our market in early summer when restrictions lightened and pent-up demand began pushing sales beyond expectations. The combination of the ongoing pandemic, historically low interest rates and a shift in consumer priorities towards properties that cater to a more home-based work / life / retirement balance resulted in record setting sales for the last several months of 2020.”
Nanaimo
Parksville / Qualicum
Looking for more information about the real estate market in specific neighbourhoods in Victoria, Parksville, Nanaimo, Vancouver Island and the Gulf Islands?
Macdonald Realty has offices in downtown Victoria, Sidney, Parksville and Salt Spring Island. Please email [email protected] or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
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 Victoria Real Estate Board (VREB) www.vreb.org and the Vancouver Island Real Estate Board (VIREB) www.vireb.com. Market data from the VIREB includes listings and sales in Campbell River, Comox Valley, Cowichan Valley Nanaimo, Parksville/Qualicum, Port Alberni/West, North Island, and the Islands.
by Macrealty Marketing Team | Dec 7, 2020 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in November 2020.
Find all the infographics related to the May Market Statistics by visiting the Facebook Album.
Whistler
In November 2020, there were 19 sales of detached homes and 68 active listings. The benchmark sale price was $1,769,200.
The condo market had 49 sales and 109 active listings at the end of the month. The benchmark sale price was $500,400.
The townhome market had 29 sales and, the active listings were 41. The benchmark sale price was $1,011,600.
It’s a Seller’s market in Whistler.
Sunshine Coast
In November 2020, there were 84 sales of detached homes and 184 active listings. The benchmark sale price was $688,200.
The condo market had 6 sales and 39 active listings at the end of the month.
The townhome market had 15 sales and, the active listings were 39.
It’s a Seller’s market for homes and townhomes in Sunshine Coast.
Squamish
In November 2020, there were 72 sales of detached homes and 29 active listings. The benchmark sale price was $1,048,500.
The condo market had 25 sales and 54 active listings at the end of the month.
The townhome market had 26 sales and, the active listings were 16.
It’s a Seller’s in Squamish.
Looking for more information about the real estate market in specific neighbourhoods in Squamish, Whistler, and Sunshine Coast? Macdonald Realty has offices in Squamish, Whistler, and Sunshine Coast. Please email [email protected] or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
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
by Macrealty Marketing Team | Dec 7, 2020 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in November 2020.
Find all the infographics by visiting the
Facebook Album.
According to the Real Estate Board of Greater Vancouver, housing demand in Metro Vancouver continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015.
“Home buyer demand has been at near record levels in our region since the summer,” Colette Gerber, REBGV Chair said.
“This is putting upward pressure on home prices, particularly in our detached and townhome markets.”
Colette also has mentioned homes’ supply and price trends:
“The supply of homes for sale are a critical factor in understanding home price trends,” Gerber said.
“The total number of homes for sale in Metro Vancouver is lagging behind the pace of demand right now. This trend favours home sellers in today’s market.”
Bowen Island
Burnaby East
Burnaby North
Burnaby South
Ladner
Maple Ridge
New Westminster
North Vancouver
Pitt Meadows
Coquitlam
Port Coquitlam
Port Moody
Richmond
Tsawwassen
Vancouver East
Vancouver West
West Vancouver
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 [email protected] or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
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
by Macrealty Marketing Team | Dec 3, 2020 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on Okanagan listings and sales in November 2020.
Find the infographics by visiting the Facebook Album.
Central Okanagan: Kelowna and Lake Country
There were 291 sales, 504 active listings, and an $856,956 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country.
The condo market featured 169 sales and 460 active listings at the end of the month. The average sale price was $361,082.
Townhome sales were 106, active listings were 241 and the average sale price was $583,920.
It’s a seller’s market in Central Okanagan.
North Okanagan: Vernon and surrounding area
In North Okanagan, including Vernon and the surrounding area and the average sale price was $605,708. At the end of the month, there were 97 sales and 227 active listings.
There were 15 sales and 87 active listings for condos. The average sale price was $229,617.
In comparison, townhomes featured 38 sales, 82 active listings and a $413,157 average sale price.
It’s a seller’s market in North Okanagan.
Looking for more information about the real estate market in specific neighbourhoods in Okanagan?
Macdonald Realty has offices in Kelowna and across BC. Please email [email protected] or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
This blog post is based on market data provided by Okanagan Mainline Real Estate Board (OMREB) www.omreb.com.
