Greater Vancouver Real Estate Market Statistics – April 2018

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.

MarketHotSheet_April2018_VancouverWest

Vancouver-East

The Vancouver Eastside had 104 sales and 823 active listings for detached homes at the end of the month. The benchmark sales price was $1,544,100, and the average days on market were 32. The hottest sales market was Renfrew VE with 15 sales.

The condo market featured 145 sales, 262 active listing, and a benchmark sales price was $574,700. The average days on market were 20 days, and the hottest market for sales was Mount Pleasant VE with 36 sales each.

The townhome market, on the other hand, had 35 sales and 85 active listings. The benchmark sale price was $933,500 with 19 average days on market. Champlain Heights, with 9 sales had the most sales of the month.

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

MarketHotSheet_April2018_VancouverEast

North Shore

In April, the North Vancouver market had 78 sales and 406 active listings for detached homes. The benchmark sale price was $1,703,400 with an average days on market of 29. Lynn Valley and Upper Lonsdale with 9 sales each had the most sales activity.

There were 101 sales and 160 active listings for condos. The benchmark sale price was $611,900 with 15 average days on market. The neighbourhood of Lower Lonsdale with 34 sales was the hottest sales market.

Townhome sales were 35, active listings were 61, the benchmark sale price was $1,030,900, and the average days on market were 16. Lynnmour and Central Lonsdale with 6 and 5 sales respectively had the most sales activity.

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

MarketHotSheet_April2018_NorthVancouver

West Vancouver

The West Vancouver market had 32 sales and 543 active listings for detached homes. The benchmark sale price was $3,054,400 with 42 average days on market. Ambleside with 5 sales was the neighborhood with the most sales activity.

Condo sales were 20 and active listings were 72 at the end of the month. The benchmark sales price was $1,295,900 with an average days on market of 30. Ambleside had the most sales at 11.

In comparison, townhome market had 1 sales and 28 active listings.

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

MarketHotSheet_April2018_WestVancouver

Coquitlam

In the Coquitlam market, there were 77 sales and 445 active listings for detached homes at the end of the month. The benchmark sale price was $1,304,900, and the average days on market were 29. Central Coquitlam with 19 sales experienced the most sales activity.

The condo market had 93 sales and 152 active listings. The benchmark sale price was $543,600 with 13 average days on market. The hottest market for sales was Coquitlam West, 29 sales.

Townhome featured 24 sales and 54 active listings. The benchmark sales price was $701,600 with an average days on market of 17. Burke Mountain, with 8 sales, had the most sales activity.

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

MarketHotSheet_April2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 34 sales and 122 active listings for detached homes. The benchmark sale price was $1,037,000 with an average days on market of 16. Glenwood PQ with 10 sales experienced the most sales activities of the month.

Condo featured 48 sales, 41 active listings, a $481,400 benchmark sales price, and 12 average days on market. Central Pt Coquitlam had the most sales activity at 34.

In comparison, townhome had 18 sales and 38 active listings. The benchmark sales price was $688,900 with an average days on market of 19. Central Pt Coquitlam was the hottest markets with 6 sales.

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

MarketHotSheet_April2018_PortCoquitlam

Port Moody

There were 21 sales and 87 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,510,200, and the average days on market were 44. Anmore and Port Moody Centre with 5 sales each had the most sales activities.

The condo market featured 17 sales, 37 active listings, $692,300 benchmark sale price, and 19 average days on market. Port Moody Centre, 12 sales, had most sales activity.

In comparison, townhome sales were 15, active listings were 25 and the benchmark sale price was $662,200. The average days on market were 9. Port Moody Centre with 5 sales each were the hottest market for sales.

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

MarketHotSheet_April2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 112 sales and 327 active listings for detached homes at the end of the month. The benchmark sale price was $868,400, and the average days on market were 32. East Central with 20 sales experienced the most sales activity.

The condo market had 48 sales and 88 active listings. The benchmark sale price was $316,100 with 9 average days on market. The hottest market for sales was East Central, 18 sales.

Townhome featured 37 sales and 76 active listings. The benchmark sales price was $575,100 with an average days on market of 19. East Central with 11 sales had the most sales activity.

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

MarketHotSheet_April2018_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_April2018_BurnabyEast

Burnaby North

MarketHotSheet_April2018_BurnabyNorth

Burnaby South

MarketHotSheet_April2018_BurnabySouth

New Westminster

MarketHotSheet_April2018_NewWestminster

Richmond

MarketHotSheet_April2018_Richmond

Ladner

MarketHotSheet_April2018_Ladner

Tsawwassen

MarketHotSheet_April2018_Tsawwassen

Pitt Meadows

MarketHotSheet_April2018_PittMeadows

Bowen Island

MarketHotSheet_April2018_BowenIsland

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.staging.irewebsites.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

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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