Greater Vancouver Real Estate Market Statistics – June 2018

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

Vancouver-West

In the Vancouver Westside, there were 81 sales of detached homes and 877 active listings at the end of the month. The benchmark sale price was $3,392,500, with average days on market of 43. The hottest markets for sales were Kitsilano and Cambie with 12 sales each.

In comparison, the condo market had 328 sales, 1,214 active listings and a benchmark sale price of $842,600 with an average of 20 days on market. The hottest market for sales was Downtown VW, 63. sales.

Townhome sales were 47, active listings were 228. The benchmark sale price was $1,303,600 with an average days on market of 21. Fairview VW with 14 sales was the hottest market of the month.

It’s a seller’s market for condos in Vancouver-West.

MarketHotSheet_June2018_VancouverWest

Vancouver-East

The Vancouver Eastside had 99 sales and 877 active listings for detached homes at the end of the month. The benchmark sales price was $1,541,400, and the average days on market were 38. The hottest sales market was Renfrew VE with 15 sales.

The condo market featured 147 sales, 338 active listing, and a benchmark sales price was $573,800. The average days on market were 16 days, and the hottest market for sales was Mount Pleasant VE with 39 sales each.

The townhome market, on the other hand, had 24 sales and 91 active listings. The benchmark sale price was $923,400 with 22 average days on market. Champlain Heights with 6 sales had the most sales of the month.

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

MarketHotSheet_June2018_VancouverEast

North Shore

In June, the North Vancouver market had 80 sales and 470 active listings for detached homes. The benchmark sale price was $1,683,600 with an average days on market of 26. Upper Lonsdale with 10 sales had the most sales activity.

There were 81 sales and 214 active listings for condos. The benchmark sale price was $602,800 with 17 average days on market. The neighbourhood of Lower Lonsdale with 33 sales was the hottest sales market.

Townhome sales were 33, active listings were 96, the benchmark sale price was $1,049,900, and the average days on market were 17. Lynnmour with 6 sales each had the most sales activity.

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

MarketHotSheet_June2018_NorthVancouver

West Vancouver

 

The West Vancouver market had 34 sales and 630 active listings for detached homes. The benchmark sale price was $2,944,900 with 38 average days on market. Ambleside with 6 sales was the neighborhood with the most sales activity.

Condo sales were 13 and active listings were 92 at the end of the month. The benchmark sales price was $1,280,600 with an average days on market of 32. Ambleside had the most sales at 5.

In comparison, townhome market had 3 sales and 30 active listings.

It’s a buyer’s market in West Vancouver.

MarketHotSheet_June2018_WestVancouver

Coquitlam

In the Coquitlam market, there were 62 sales and 522 active listings for detached homes at the end of the month. The benchmark sale price was $1,313,500, and the average days on market were 33. Central Coquitlam with 11 sales experienced the most sales activity.

The condo market had 91 sales and 259 active listings. The benchmark sale price was $552,100 with 18 average days on market. The hottest market for sales was North Coquitlam, 33 sales.

Townhome featured 19 sales and 84 active listings. The benchmark sales price was $712,200 with an average days on market of 12. Burke Mountain, with 6 sales, had the most sales activity.

It’s a buyer’s market for condos.

MarketHotSheet_June2018_Coquitlam

Port Coquitlam

The Port Coquitlam had 48 sales and 161 active listings for detached homes. The benchmark sale price was $1,030,300 with an average days on market of 22. Glenwood PQ with 15 sales experienced the most sales activities of the month.

Condo featured 39 sales, 74 active listings, a $489,100 benchmark sales price, and 13 average days on market. Central Pt Coquitlam had the most sales activity at 30.

In comparison, townhome had 22 sales and 64 active listings. The benchmark sales price was $689,700 with an average days on market of 11. Riverwood was the hottest markets with 11 sales.

It’s a seller’s market in Port Coquitlam.

MarketHotSheet_June2018_PortCoquitlam

Port Moody

There were 11 sales and 107 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,551,900, and the average days on market were 15. Barber Street and Heritage Mountain with 3 sales each had the most sales activities.

The condo market featured 23 sales, 63 active listings, $699,200 benchmark sale price, and 10 average days on market. Port Moody Centre, 19 sales, had most sales activity.

In comparison, townhome sales were 14, active listings were 36 and the benchmark sale price was $685,900. The average days on market were 14. Port Moody Centre with 4 sales each were the hottest market for sales.

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

MarketHotSheet_June2018_PortMoody

Maple Ridge

In the Maple Ridge market, there were 69 sales and 414 active listings for detached homes at the end of the month. The benchmark sale price was $880,700, and the average days on market were 33. Albion with 14 sales experienced the most sales activity.

The condo market had 34 sales and 86 active listings. The benchmark sale price was $327,200 with 14 average days on market. The hottest market for sales was East Central, 23 sales.

Townhome featured 32 sales and 111 active listings. The benchmark sales price was $574,300 with an average days on market of 20. East Central with 10 sales had the most sales activity.

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

MarketHotSheet_June2018_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_June2018_BurnabyEast

 

 

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