Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – February 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in February 2018.

Greater Victoria

In February 2018, there were 226 sales of single family homes and 455 active listings in the Greater Victoria. The benchmark sale price was $710,500 with an average days on market of 36. The hottest market for sales was Langford with 46 sales. There were also 3 sales and 98 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 174 sales, 243 active listings at the end of the month.  The benchmark sale price was $463,100 with an average days on market of 24. The hottest market for sales was Victoria, 64 sales.

Townhome sales were 77, active listings were 95 and the benchmark sale price was $557,200. The average days on market were 29, and the hottest market was Langford with 21 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_February2018_Victoria

Parksville / Qualicum

MarketHotSheet_February2018_Parksville-Qualicum

Nanaimo

MarketHotSheet_February2018_Nanaimo

Looking for more information about the real estate market in specific neighbourhoods in Victoria, Parksville, Nanaimo, Vancouver Island and the Gulf Islands? 

Macdonald Realty has offices in downtown Victoria, Sidney, Parksville and on Salt Spring Island.  Please email macrealty@macrealty.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 Victoria Real Estate Board (VREB) www.vreb.org and the Vancouver Island Real Estate Board (VIREB) www.vireb.com. Market data from the VIREB includes listings and sales in Campbell River, Comox Valley, Cowichan Valley Nanaimo, Parksville/Qualicum, Port Alberni/West, North Island, and the Islands.

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

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

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

Squamish

In January 2018, there were 6 sales of detached homes and 99 active listings in Squamish. The benchmark sale price was $1,003,000 with an average days on market of 104.

The Condo market had 6 sales and 27 active listings at the end of the month. The benchmark sale price was $490,400 with an average days on market of 28.

Townhome sales were 9, active listings were 18. The benchmark sale price was $786,900, and the average days on market were 34.

It’s a buyer’s market for houses.

MarketHotSheet_January2018_Squamish

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

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

Squamish

In January 2018, there were 6 sales of detached homes and 99 active listings in Squamish. The benchmark sale price was $1,003,000 with an average days on market of 104.

The Condo market had 6 sales and 27 active listings at the end of the month. The benchmark sale price was $490,400 with an average days on market of 28.

Townhome sales were 9, active listings were 18. The benchmark sale price was $786,900, and the average days on market were 34.

It’s a buyer’s market for houses.

MarketHotSheet_January2018_Squamish

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Okanagan Real Estate Market Statistics – January 2018

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

Central Okanagan: Kelowna and Lake Country

There were 143 sales, 609 active listings, and a $699,352 average sale price for detached homes in the Central Okanagan market, including Kelowna and Lake Country. The average days on market were 75.

The condo market featured 110 sales and 284 active listings at the end of the month. The average sale price was $322,183 with 65 average days on market.

Townhome sales were 37, active listings were 157, average sale price was $446,054, and the average days on market were 69.

MarketHotSheet_January2018_CentralOkanagan

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Luxury Homes Collection Magazine Winter 2017

2017 was a very dynamic year for luxury real estate in British Columbia, with new markets and regions entering into the luxury domain. Our luxury homes collection featured a variety of styles, areas and residences with exceptional quality. Trends, both modern and traditional coordinate within these pages to create inspiration and beautiful homes to choose from.

We checked in with our affiliates at Luxury Portfolio, the authority of luxury marketing, to discover the trends in luxury and the shape of the market. Read the inside cover message to learn about where the wealthy populations reside, and the movement of what luxury means to the affluent consumer.

Our Cover Story is a stunning equestrian estate in Saanich on Vancouver Island, located just outside of our capital city Victoria. From formal living spaces to exacting outdoor landscaping, this property has ample room and luxury. Our Wine Not features wines to celebrate with, please check out the recommendations to round out your holiday events.

click cover image to view magazine

CLICK HERE to view the digital edition on your computer or tablet