by Macrealty Marketing Team | Jun 7, 2018 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in May 2018.
Vancouver-West
In the Vancouver Westside, there were 91 sales of detached homes and 898 active listings at the end of the month. The benchmark sale price was $3,430,500, with average days on market of 39. The hottest markets for sales were Point Grey and Cambie with 10 sales each and and Dunbar with 12 sales.
In comparison, the condo market had 359 sales, 1,149 active listings and a benchmark sale price of $845,400 with an average of 16 days on market. The hottest market for sales was Downtown VW, 71 sales.
Townhome sales were 42, active listings were 215. The benchmark sale price was $1,304,500 with an average days on market of 26. Fairview VW with 10 sales was the hottest market of the month.
It’s a seller’s market for condos in Vancouver-West.
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by Macrealty Marketing Team | May 7, 2018 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in April 2018.
Vancouver-West
In the Vancouver Westside, there were 71 sales of detached homes and 874 active listings at the end of the month. The benchmark sale price was $3,404,200, with average days on market of 50. The hottest markets for sales were Point Grey and Dunbar with 10 and 11 sales respectively.
In comparison, the condo market had 351 sales, 928 active listings and a benchmark sale price of $841,700 with an average of 19 days on market. The hottest market for sales was Downtown VW, 72 sales.
Townhome sales were 42, active listings were 169. The benchmark sale price was $1,302,200 with an average days on market of 21. Kitsilano with 12 sales was the hottest market of the month.
It’s a seller’s market for condos and townhomes in Vancouver-West.
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by Macrealty Marketing Team | Apr 6, 2018 | Market Updates
Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in March 2018.
Squamish
In March 2018, there were 25 sales of detached homes and 113 active listings in Squamish. The benchmark sale price was $1,006,100 with an average days on market of 47.
The Condo market had 8 sales and 32 active listings at the end of the month. The benchmark sale price was $491,000 with an average days on market of 19.
Townhome sales were 14, active listings were 18. The benchmark sale price was $851,300, and the average days on market were 16.
It’s a buyer’s market for single family homes and condos.
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by Macrealty Marketing Team | Aug 30, 2017 | In The News
Metro Vancouver is heading for a rental housing crisis this fall as a “perfect storm” of factors pushes an already record low vacancy rate even lower, says a leading Vancouver-based real estate firm.
“There has traditionally been a shortage of rental housing for students when they start school in the fall, but this year it looks like that shortage is going to be a lot worse,” said Nick Marini, vice-president at Macdonald Property Management.
Based on government statistics, Macdonald is forecasting a seven-per-cent increase this year in international students attending B.C. educational institutions. Meanwhile, the market-dampening 15-per-cent foreign buyers’ tax and tighter mortgage qualification requirements mean that parents of students are less likely to buy homes for their children, said Marini. As a result, a larger number of students will be hunting for rental housing this fall, increasing demand for accommodation.
Marini said the government steps to cool the red-hot housing market — such as the 15-per-cent foreign buyers’ tax and mortgage restrictions requiring that first-time buyers have higher incomes — have only pushed the housing affordability crisis to the rental market.
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by Macrealty Marketing Team | Aug 11, 2017 | In The News
No. 1 wins for scenic views and proximity to downtown.
In April 2017 MoneySense.ca selected their top Victoria neighbourhoods to buy real estate.
By the end of last year, the benchmark price had grown almost 24% for a single-family home in the Victoria area. According to Victoria’s Real Estate Board, this spike in sales price is due, in part, to dwindling listings. Listings were down 41%, when compared to 2015, even as the number of sales last year broke new records for this west coast city. As a result, buyers looking for a home in the Greater Victoria Area are beginning to look further afield. Read the rest of the article here.
We’ve rounded up homes for sale in each of these Where to Buy neighbourhoods to make it easy for you.
The top 5 Victoria neighbourhoods for buyers, according to MoneySense are:
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To view all active listings currently for sale in one of these areas simply click the neighbourhood links above or call our head office at 1-877-278-3888 to be matched to an expert real estate agent in your area.
