Greater Vancouver Real Estate Market Statistics – March 2019

Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in March 2019.

Vancouver-West

In the Vancouver Westside, there were 64 sales of detached homes and 744 active listings at the end of the month. The benchmark sale price was $3,026,300.

In comparison, the condo market had 235 sales, 1,518 active listings and a benchmark sale price of $769,200.

Townhome sales were 28, active listings were 232. The benchmark sale price was $1,184,500.

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

MarketHotSheet_March_2019_VancouverWest

Vancouver-East

The Vancouver Eastside had 53 sales and 683 active listings for detached homes at the end of the month. The benchmark sales price was $1,390,700.

The condo market featured 93 sales, 414 active listings, and a benchmark sales price was $547,700.

The townhome market, on the other hand, had 20 sales and 95 active listings. The benchmark sale price was $821,300.

It’s a buyer’s market for homes.

MarketHotSheet_March_2019_VancouverEast

North Vancouver

In March, the North Vancouver market had 70 sales and 393 active listings for detached homes. The benchmark sale price was $1,502,600.

There were 73 sales and 348 active listings for condos. The benchmark sale price was $567,000.

Townhome sales were 21, active listings were 121, the benchmark sale price was $952,700.

It’s a balanced market in North Vancouver.

MarketHotSheet_March_2019_NorthVancouver

West Vancouver

The West Vancouver market had 23 sales and 503 active listings for detached homes. The benchmark sale price was $2,583,600.

Condo sales were 8 and active listings were 115 at the end of the month. The benchmark sales price was $1,116,200.

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

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

MarketHotSheet_March_2019_WestVancouver

Coquitlam

In the Coquitlam market, there were 48 sales and 481 active listings for detached homes at the end of the month. The benchmark sale price was $1,161,600.

The condo market had 61 sales and 306 active listings. The benchmark sale price was $522,800.

Townhomes featured 29 sales and 121 active listings. The benchmark sales price was $638,500.

MarketHotSheet_March_2019_Coquitlam

Port Coquitlam

Port Coquitlam had 16 sales and 157 active listings for detached homes. The benchmark sale price was $920,700.

Condo featured 24 sales, 112 active listings, a $459,900 benchmark sales price.

In comparison, townhome had 18 sales and 85 active listings. The benchmark sales price was $613,900.

It’s a buyer’s market for homes.

MarketHotSheet_March_2019_PortCoquitlam

Port Moody

There were 7 sales and 110 active listings for detached homes in the Port Moody market. The benchmark sale price was $1,402,500.

The condo market featured 23 sales, 70 active listings, $635,200 benchmark sale price.

In comparison, townhome sales were 8, active listings were 35 and the benchmark sale price was $636,200.

It’s a seller’s market for condos.

MarketHotSheet_March_2019_PortMoody

Maple Ridge

In the Maple Ridge market, there were 53 sales and 410 active listings for detached homes at the end of the month. The benchmark sale price was $813,600.

The condo market had 24 sales and 107 active listings. The benchmark sale price was $352,500.

Townhome featured 37 sales and 122 active listings. The benchmark sales price was $534,200.

It’s a seller’s market for townhomes.

MarketHotSheet_March_2019_MapleRidge

The followings are the summaries of the surrounding areas:

Burnaby East

MarketHotSheet_March_2019_BurnabyEast

Burnaby North

MarketHotSheet_March_2019_BurnabyNorth

Burnaby South

MarketHotSheet_March_2019_BurnabySouth

New Westminster

MarketHotSheet_March_2019_NewWestminster

Richmond

MarketHotSheet_March_2019_Richmond

Ladner

MarketHotSheet_March_2019_Ladner

Tsawwassen

MarketHotSheet_March_2019_Tsawwassen

Pitt Meadows

MarketHotSheet_March_2019_PittMeadows

Bowen Island

MarketHotSheet_March_2019_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.

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.