Greater Vancouver Real Estate Market Statistics – January 2018

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in January 2018.

Vancouver

In the Vancouver Westside, there were 46 sales of detached homes and 672 active listings at the end of the month. The benchmark sale price was $3,548,400, with an average days on market of 68. The hottest markets for sales were Dunbar and Point Grey with 8 sales each.

In comparison, the condo market had 245 sales, 579 active listings and a benchmark sale price of $812,400 with an average of 28 days on market. The hottest market for sales was Downtown VW, 54 sales.

Townhome sales were 18, active listings were 105. The benchmark sale price was $1,247,900 with an average days on market of 26. Yaletown with 6 sales was the hottest market of the month.

It’s a seller’s market for condos.

MarketHotSheet_January2018_Vancouver-West

The Vancouver Eastside had 45 sales and 625 active listings for detached homes at the end of the month. The benchmark sales price was $1,564,000, and the average days on market were 48. The hottest sales market was Grandview with 9 sales.

The condo market featured 68 sales, 162 active listing, and a benchmark sales price was $552,300. The average days on market were 21 days, and the hottest markets for sales were Champlain Heights with 14 sales.

The townhome market, on the other hand, had 20 sales and 61 active listings. The benchmark sale price was $857,600 with 40 average days on market. Mount Pleasant VE, with 5 sales, had the most sales of the month.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_January2018_Vancouver-East

North Shore

In January, the North Vancouver market had 30 sales and 267 active listings for detached homes. The benchmark sale price was $1,670,100 with an average days on market of 30. Upper Lonsdale with 6 sales had the most sales activity.

There were 76 sales and 118 active listings for condos. The benchmark sale price was $567,200 with 32 average days on market. The neighbourhoods of Lower Lonsdale with 20 sales was the hottest sales market.

Townhome sales were 25, active listings were 37, the benchmark sale price was $991,800, and the average days on market were 27. Central Lonsdale with 5 sales had the most sales activity.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_January2018_NorthVancouver

The West Vancouver market had 15 sales and 424 active listings for detached homes. The benchmark sale price was $3,099,500 with 72 average days on market. British Properties and Caulfeild, with 3 sales each, were the neighbourhoods with the most sales activities.

Condo sales were 23 and active listings were 50 at the end of the month. The benchmark sales price was $1,179,400 with an average days on market of 49. Ambleside had the most sales at 8.

In comparison, townhome market had 1 sales and 16 active listings.

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

MarketHotSheet_January2018_WestVancouver

Tri Cities

In the Coquitlam market, there were 56 sales and 326 active listings for detached homes at the end of the month. The benchmark sale price was $1,280,600, and the average days on market were 52. Central Coquitlam with 10 sales experienced the most sales activity.

The condo market had 80 sales and 88 active listings. The benchmark sale price was $512,600 with 29 average days on market. The hottest market for sales was North Coquitlam, 34 sales.

Townhome featured 18 sales and 28 active listings. The benchmark sales price was $662,600 with an average days on market of 22. Westwood Plateau, with 6 sales, had the most sales activity.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_January2018_Coquitlam

The Port Coquitlam had 13 sales and 93 active listings for detached homes. The benchmark sale price was $978,500 with an average days on market of 29. Glenwood PQ with 3 sales, experienced the most sales activities of the month.

Condo featured 29 sales, 32 active listings, a $451,700 benchmark sales price, and 16 average days on market. Central Pt Coquitlam had the most sales activity at 21.

In comparison, townhome had 14 sales and 30 active listings. The benchmark sales price was $635,600 with an average days on market of 22. Riverwood was the hottest market with 5 sales.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_January2018_PortCoquitlam

There were 3 sales and 65 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,494,500, and the average days on market were 22. Heritage Mountain, with 2 sales, had the most sales activity.

The condo market featured 32 sales, 23 active listings, $642,600 benchmark sale price, and 21 average days on market. North Shore Port Moody, 7 sales, had most sales activity.

In comparison, townhome sales were 11, active listings were 16 and the benchmark sale price was $632,600. The average days on market were 29. Heritage Woods PM and Port Moody Centre, with 4 sales each, were the hottest markets for sales.

It’s a seller’s market for condos and townhomes.

MarketHotSheet_January2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 70 sales and 248 active listings for detached homes at the end of the month. The benchmark sale price was $833,600, and the average days on market were 50. Silver Valley with 15 sales experienced the most sales activity.

The condo market had 72 sales and 34 active listings. The benchmark sale price was $291,500 with 13 average days on market. The hottest market for sales was West Central, 51 sales.

Townhome featured 38 sales and 65 active listings. The benchmark sales price was $533,800 with an average days on market of 25. East Central with 10 sales had the most sales activity.

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

MarketHotSheet_January2018_MapleRidge

 

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_January2018_Burnaby-East

Burnaby North

 

 

MarketHotSheet_January2018_Burnaby-North

Burnaby South

 

 

MarketHotSheet_January2018_Burnaby-South

 

 

Bowen Island

 

MarketHotSheet_January2018_BowenIsland

MarketHotSheet_January2018_NewWestminister

 

Ladner

 

 

MarketHotSheet_January2018_Lander

 

Tsawwassen

 

 

MarketHotSheet_January2018_Tsawwassen

 

Richmond

MarketHotSheet_January2018_Richmond

Pitt Meadows

MarketHotSheet_January2018_PittMeadows

 

 

New Westminster

MarketHotSheet_January2018_NewWestminister

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.

—–

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