by Macrealty Marketing Team | Nov 3, 2023 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in October 2023.
Find all the infographics related to the October Market Statistics by visiting the Facebook Album.
Whistler
In October 2023, there were 9 sales of detached homes and 87 active listings. The benchmark sale price was $2,423,200.
The condo market had 37 sales and 61 active listings at the end of the month. The benchmark sale price was $730,000.
The townhome market had 8 sales and the active listings were 64. The benchmark sale price was $1,545,400.
It’s a seller’s market for condos in Whistler.
Squamish
In October 2023, there were 8 sales of detached homes and 102 active listings. The benchmark sale price was $1,571,300.
The condo market had 8 sales and 40 active listings at the end of the month. The benchmark sale price was $629,000.
The townhome market had 12 sales and the active listings were 41. The benchmark sale price was $1,064,400.
It’s a seller’s market for townhomes in Squamish.
Sunshine Coast
In October 2023, there were 22 sales of detached homes and 349 active listings. The benchmark sale price was $880,400.
The condo market had 4 sales and 34 active listings at the end of the month. The townhome market had 2 sales and the active listings were 26.
It’s a buyer’s market in Sunshine Coast.
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 | Nov 2, 2023 | Market Updates
November 2023 – Lower Mainland Monthly Update
At 6.1 Months of Inventory, Prices are expected to Remain Flat.
The most reliable indicator of market prices is the Sales to Active Listings Ratio (SAL). This is the ratio between the number of sales in a given month and the number of active listings at month-end.
In hotter markets in BC, a long-term analysis has shown that prices will usually act in the following ways:
- 7+ Months of Inventory (Under 14% SAL): Prices will likely DECLINE
- 5 – 7 Months of Inventory (14% – 18% SAL): Prices will likely be STABLE
- Less than 5.5 Months of Inventory (Over 18% SAL): Prices will likely RISE
Visit this link to learn more about house prices and inventory.
Sales
Sales (2,966) were 5% higher than a year ago (2,804), and were 30% below the 10-year average (4,082).
Cumulative Year-to-date Sales
2023 continues to be slower as sales (36,163) remain below the 10-year average (45,215).
Inventory
Inventory (18,179 active listings) increased slightly from the previous month, and are now above the 10-year average for the first time since Nov 2020 (19,041 average).
Sales to Active Listings
Low sales but modest inventory kept the Sales to Active Listing Ratio at 16%, indicating flat prices.
Months of Inventory
Similarly, Months of Inventory rose to 6.1 MOI, indicating a balanced market and flat prices.
Want to learn more about these stats or discuss your move to Macdonald Realty?
Check out careersinbcrealestate.com to connect today!
by Macrealty Marketing Team | Jan 31, 2022 | Company
KELOWNA, B.C. – (February 1, 2022) – Macdonald Realty Kelowna, an award-winning brokerage in the Okanagan, is excited to announce that it has converted to a Macdonald Realty corporate office, joining one of Canada’s largest independent brokerages and a market leader in British Columbia. The merger further strengthens Macdonald Realty’s position as BC’s premiere independent brokerage, and fills a key need for Macdonald in the growing Okanagan market.
“We are excited to have a company with the quality and history of Macdonald Realty Kelowna join us as a corporate office,” says Dan Scarrow, President of Macdonald Realty. “We continue to be open to working with great BC companies and agents who want to take their business to the next level.”
Founded in 1995, Macdonald Realty Kelowna has been the premier real estate brokerage in the Okanagan for nearly 30 years. With over 40 licensed real estate agents and nearly $1 billion in sales in 2021, Macdonald Realty Kelowna has a sterling reputation and significant market share throughout the Okanagan. Wayne Judiesch, part owner of Macdonald Realty Kelowna and a stalwart in the community, was instrumental in the merger negotiations.
“We are thrilled to be converting to a corporate office,” says Judiesch, “we have known and respected the leaders at Macdonald for over 30 years, this merger gives us a direct pipeline of business to-and-from the Lower Mainland and rest of BC, and provides a long-term future for our agents, staff, and clients.”
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by Macrealty Marketing Team | Aug 22, 2019 | Other
With so many wonderful homes listed by Macdonald Realty, it was difficult to choose a few to feature.
Let’s get inspired by these six sophisticated and inviting rooms we’ll never want to leave.
Bright & Blue Kitchen
Here is a clean & bright kitchen. The happy blue color invites us to stay here forever. The custom wood cabinetry is classic and we love the way it adds charm and sophistication to this fantastic space.
Listed by Sean Stevens Personal Real Estate Corporation – Price $1,799,000 – Macdonald Realty / MLS® R2389170
Living Room with a Charm
If there’s anything that can make us stop mid-scroll on Instagram or Facebook, it’s a well-designed living room with a touch of blue! There’re so many great little details here, like the blue cushions that don’t compete with the rest of the decor and this amazing fireplace. It is all clean, and the natural light brings this feeling of a cozy home.
Listed by James McKenny – Price $739,000 – Macdonald Realty / MLS® R2397788
A Palette of Wood & Greys
We love when the color palette of a house works so seamlessly through the entire space. This combination of greys and wood tones gives this space a very warm look! The natural light coming through the window boosts all the tones and textures of the fabric and wood grain. The dining table is also gorgeous and these dark modern chairs bring a touch of classic decor to a contemporary space.
Listed by Richie Huang Personal Real Estate Corporation & Lucia Wang Personal Real Estate Corporation & Jerry Y. Wang Personal Real Estate Corporation – Macdonald Realty / MLS® R2398149
Office & Accessories
All the clean colours work very nicely with the white desk! We love the super soft rug draped across the chair. Accessories can make a big difference and can give a home character and personality. The bright floor and pale grey walls could give to this space an almost clinical look; however, everything in this room is perfect. So clean, so natural, so ready to work!
Listed by Julie Phoenix – Macdonald Realty / MLS® R2365716
Open Plan Kitchen & Living Room
This kitchen looks so luxurious with the white lower cupboards and the custom countertop. The living room is also stunning – it looks straight out of a home magazine. Unique!
Listed by Emily Sandhack – Macdonald Realty / MLS® R2391231
Gorgeous Bathroom
The neutral floors and walls really stand out! It’s simple and sophisticated at the same time. This beautiful bathroom has an open feel of a contemporary space. The bathtub adds charm to the everyday routine, with its minimalist yet functional style.
Listed by Lynn Johnson & Vita Kalns Personal Real Estate Corporation & Bruce Warner – Macdonald Realty / MLS® R2390880
Want to see more? Search listings on macrealty.com and find more homes today to inspire you. Partner with one of our agents!
by Macrealty Marketing Team | Oct 5, 2018 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in September 2018.
Vancouver-West
In the Vancouver Westside, there were 39 sales of detached homes and 858 active listings at the end of the month. The benchmark sale price was $3,254,200, with average days on market of 59. The hottest markets for sales was Kerrisdale with 7 sales.
In comparison, the condo market had 209 sales, 1,347 active listings and a benchmark sale price of $804,100 with an average of 30 days on market. The hottest market for sales was Downtown VW, 52 sales.
Townhome sales were 28, active listings were 227. The benchmark sale price was $1,229,300 with an average days on market of 33. Fairview VW with 6 sales was the hottest market of the month.
It’s a buyer’s market in Vancouver West.
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