December 2023 – Lower Mainland Monthly Update

December 2023 – Lower Mainland Monthly Update

November 2023 – Lower Mainland Monthly Update

At 6.6 Months of Inventory, Prices have traditionally softened.

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 (2,593) were about the same as a year ago (2,453), and were 25% below the 10-year average (3,988).

Cumulative Year-to-date Sales

2023 will likely end up as one of the slowest years in recent memory as sales (38,756) remain far below the 10-year average (49,202).

 

Inventory

Inventory (17,185 active listings) fell slightly from the previous month, but remain above the 10-year average for the first time since Nov 2020 (16,397 average).e).

Sales to Active Listings

Low sales and rising inventory have the Sales to Active Listing Ratio at 15%, indicating softening prices.

Months of Inventory

Similarly, Months of Inventory rose to 6.6 MOI, indicating a slow market and softening prices.

Want to learn more about these stats or discuss your move to Macdonald Realty?

Check out careersinbcrealestate.com to connect today!

Squamish, Whistler And Sunshine Coast Real Estate Market Statistics – November 2023

Squamish, Whistler And Sunshine Coast Real Estate Market Statistics – November 2023

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in November 2023.

Find all the infographics related to the November Market Statistics by visiting the Facebook Album.

Whistler 

In November 2023, there were 11 sales of detached homes and 71 active listings. The benchmark sale price was $2,417,400.
The condo market had 13 sales and 69 active listings at the end of the month. The benchmark sale price was $770,200.
The townhome market had 9 sales and the active listings were 65. The benchmark sale price was $1,527,300.
It’s a buyer’s market for houses and townhomes in Whistler.

Squamish

In November 2023, there were 14 sales of detached homes and 91 active listings. The benchmark sale price was $1,572,700.
The condo market had 8 sales and 39 active listings at the end of the month. The benchmark sale price was $660,900.
The townhome market had 14 sales and the active listings were 33. The benchmark sale price was $1,062,400.
It’s a seller’s market for townhomes in Squamish.

 

Sunshine Coast

In November 2023, there were 28 sales of detached homes and 313 active listings. The benchmark sale price was $864,300.
The condo market had 4 sales and 31 active listings at the end of the month. The townhome market had 4 sales and the active listings were 23.
It’s a buyer’s market for houses and condos 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

Squamish, Whistler And Sunshine Coast Real Estate Market Statistics – October 2023

Squamish, Whistler And Sunshine Coast Real Estate Market Statistics – October 2023

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

November 2023 – Lower Mainland Monthly Update

November 2023 – Lower Mainland Monthly Update

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!

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – September 2018

Squamish, Whistler and Sunshine Coast Real Estate Market Statistics – September 2018

Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in September 2018.

Squamish

In September 2018, there were 11 sales of detached homes and 151 active listings in Squamish. The benchmark sale price was $985,100 with an average days on market of 68.

The condo market had 8 sales and 46 active listings at the end of the month.  The benchmark sale price was $482,700 with an average days on market of 61.

Townhome sales were 3 sales, active listings were 54. The benchmark sale price was $726,700 and the average days on market were 71.

It’s a buyer’s market for homes and townhomes.

MarketHotSheet_September_2018_Squamish

(more…)