Tag Archive for: market update

Vancouver | July 2020 Real Estate Update

Metro Vancouver housing market sees steady summer activity


Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 per cent increase from the 2,557 sales recorded in July 2019, and a 28 per cent increase from the 2,443 homes sold in June 2020.

Last month’s sales were 9.4 per cent above the 10-year July sales average.

There were 5,948 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2020. This represents a 28.9 per cent increase compared to the 4,613 homes listed in July 2019 and a 2.8 per cent increase compared to June 2020 when 5,787 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,083, a 15.1 per cent decrease compared to July 2019 (14,240) and a 5.8 per cent increase compared to June 2020 (11,424).

“Safety remains the top priority for our REALTOR® community,” Gerber said. “We continue to limit in-person interactions with clients and employ different technology solutions to ensure home buyers and sellers can get as much information as possible in a virtual setting.”

For all property types, the sales-to-active listings ratio for July 2020 is 25.9 per cent. By property type, the ratio is 25.1 per cent for detached homes, 31.1 per cent for townhomes, and 24.7 per cent for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,031,400. This represents a 4.5 per cent increase over July 2019 and a 0.6 per cent increase compared to June 2020.

Sales of detached homes in July 2020 reached 1,121, a 33.3 per cent increase from the 841 detached sales recorded in July 2019. The benchmark price for a detached home is $1,477,800. This represents a five per cent increase from July 2019 and a 0.9 per cent increase compared to June 2020.

Sales of apartment homes reached 1,400 in July 2020, a 12.6 per cent increase compared to the 1,243 sales in July 2019. The benchmark price of an apartment property is $682,500. This represents a 4.2 per cent increase from July 2019 and a 0.3 per cent increase compared to June 2020.

Attached home sales in July 2020 totalled 607, a 28.3 per cent increase compared to the 473 sales in July 2019. The benchmark price of an attached home is $797,700. This represents a 3.7 per cent increase from July 2019 and a 0.9 per cent increase compared to June 2020.

* Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

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Real Estate in Whistler | New and Sold listings from the last 7 days | 15 January 2018

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To keep you up to date with the Real Estate Listings in Whistler, here are links to all properties listed and sold in the last 7 days.
If you are interested in any of the properties or have any other questions, always feel free to contact us!

New listings in the last 7 days

Sold listings in the last 7 days

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Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market

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After reaching record levels in 2015 and 2016, Metro Vancouver home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 35,993 on the Multiple Listing Service® (MLS®) in 2017, a 9.9 per cent decrease from the 39,943 sales recorded in 2016, and a 15 per cent decrease over the 42,326 residential sales in 2015.

Last year’s sales total was, however, 9.7 per cent above the 10-year sales average.

“It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings,” Jill Oudil, REBGV president said. “Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.”

Home listings in Metro Vancouver reached 54,655 in 2017. This is a 5.1 per cent decrease compared to the 57,596 homes listed in 2016 and a 4.5 per cent decrease compared to the 57,249 homes listed in 2015.

Last year’s listings total was 4.4 per cent below the 10-year listings average.

“Market activity differed considerably this year based on property type,” Oudil said. “Competition was intense in the condominium and townhome markets, with multiple offer situations becoming commonplace. The detached home market operated in a more balanced state, giving home buyers more selection to choose from and more time to make decisions.”

The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,050,300. This is up 15.9 per cent compared to December 2016.

The benchmark price of condominiums increased 25.9 per cent in the region last year. Townhomes increased 18.5 per cent and detached homes increased 7.9 per cent.

“Strong economic growth, low interest rates, declining unemployment, increasing wages and a growing population all helped boost home buyer demand in our region last year,” Oudil said.

December summary

Sales of detached, attached, and apartment properties totalled 2,016 in the region in December 2017, a 17.6 per cent increase from the 1,714 sales recorded in December 2016 and a 27.9 per cent decrease compared to November 2017 when 2,795 homes sold.

Last month’s sales were 7.5 per cent above the 10-year sales average for the month.

“As we move into 2018, REALTORS® are working with their clients to help them understand how changing interest rates and the federal government’s new mortgage qualifications could affect their purchasing power,” Oudil said. “Only time will tell what impact these rules will have on the market.

“Home buyers today should get pre-approved before making an offer to ensure that your home buying goals align with your financial situation,” Oudil said.

There were 1,891 residential homes newly listed for sale in December 2017. This represents a 44.1 per cent increase compared to the 1,312 homes listed in December 2016 and a 54 per cent decrease compared to November 2017 when 4,109 properties were listed.

The total number of homes currently listed for sale on the MLS® in Metro Vancouver is 6,958, a 9.7 per cent increase compared to December 2016 (6,345) and a 20.5 per cent decrease compared to November 2017 (8,747).

The sales-to-active listings ratio for December 2017 is 29 per cent. By property type, the ratio is 14.4 per cent for detached homes, 38.8 per cent for townhomes, and 59.6 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Sales of detached properties in December 2017 reached 617, a 14 per cent increase from the 541 detached sales recorded in December 2016. The benchmark price for a detached home in the region is $1,605,800. This represents a 7.9 per cent increase compared to December 2016.

Sales of apartment homes reached 1,028 in December 2017, a 12.3 per cent increase compared to the 915 sales in December 2016.The benchmark price of an apartment in the region is $655,400. This represents a 25.9 per cent increase compared to December 2016.

Attached (or townhome) property sales in December 2017 totalled 371, a 43.8 per cent increase compared to the 258 sales in December 2016. The benchmark price of an attached home in the region is $803,700. This represents an 18.5 per cent increase compared to December 2016.

Click here to download the full stats package.

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Real Estate in Whistler | New and Sold listings from the last 7 days | 26 July 2017

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To keep you up to date with the Real Estate Listings in Whistler, here are links to all properties listed and sold in the last 7 days.
If you are interested in any of the properties or have any other questions, always feel free to contact us!

New listings in the last 7 days

Sold listings in the last 7 days

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Vancouver Monthly Statistics – June 2017

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Demand for condominiums continues to outstrip supply

The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver.*

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold.

Last month’s sales were 14.5 per cent above the 10-year June sales average.

“Two distinct markets have emerged this summer. The detached home market has seen demand lease back to more typical levels while competition for condominiums is creating multiple offer scenarios and putting upward pressure on prices for that property type,” Jill Oudil, REBGV president said.

There were 5,721 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2017. This represents a 2.6 per cent decrease compared to the 5,875 homes listed in June 2016 and a 5.3 per cent decrease compared to May 2017 when 6,044 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,515, a nine per cent increase compared to June 2016 (7,812) and a 4.2 per cent increase compared to May 2017 (8,168).

“Home buyers have more selection to choose from in the detached market today while condominium listings are near an all-time low on the MLS®,” Oudil said. “Detached home listings have increased every month this year, while the number of condominiums for sale has decreased each month since February.”

For all property types, the sales-to-active listings ratio for June 2017 is 45.7 per cent. By property type, the ratio is 24.5 per cent for detached homes, 62 per cent for townhomes, and 93.2 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Market conditions will vary today depending on area and property type,” Oudil said. “It’s important to work with your local REALTOR® to help you understand the trends that are occurring in your community.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $998,700. This represents a 7.9 per cent increase over June 2016 and a 1.8 per cent increase compared to May 2017.

Sales of detached properties in June 2017 reached 1,320, a decrease of 15.5 per cent from the 1,562 detached sales recorded in June 2016. The benchmark price for detached properties is $1,587,900. This represents a 1.4 per cent increase from June 2016 and a 1.1 per cent increase compared to May 2017.

Sales of apartment properties reached 1,905 in June 2017, a decrease of 9.6 per cent compared to the 2,108 sales in June 2016. The benchmark price of an apartment property is $600,700. This represents a 17.6 per cent increase from June 2016 and a 2.9 per cent increase compared to May 2017.

Attached property sales in June 2017 totalled 668, a decrease of 8.5 per cent compared to the 730 sales in June 2016. The benchmark price of an attached unit is $745,700. This represents a 10.7 per cent increase from June 2016 and a 0.6 per cent increase compared to May 2017.

Click here to download the June 2017 stats package

Editor’s note: Areas covered by the Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, and South Delta.

Updated July 7, 2017: MLS® Home Price Index 2017 update
The national MLS® Home Price Index (MLS® HPI) operations group underwent an annual review of the model in June. This led to the following changes:
– Neighbourhoods where home sales over the past three years totaled 12 or less have been removed from the model. Neighbourhoods where sales have increased to 20 or more over the past three years have been added. Historical MLS® HPI data has been recalculated to reflect these changes.
-The benchmark property descriptions have also been updated to reflect current buying trends.

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Real Estate in Whistler | New and Sold listings from the last 7 days | 23 March 2017

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To keep you up to date with the Real Estate Listings in Whistler, here are links to all properties listed and sold in the last 7 days.
If you are interested in any of the properties or have any other questions, always feel free to contact us!

New listings in the last 7 days
Sold listings in the last 7 days

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February Newsletter

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familyday
Greetings from Whistler on Family Day where we are celebrating with sunshine and perfect snow conditions after the huge snowfall last week. 
See you soon and let us know how we can assist with your real estate needs. We are hard at work. 
Our challenge in our market is the lack of selection; so let’s get working together to find your next  Whistler investment or if you are thinking
about selling take advantage of record high prices for Sellers. 

Here is a link to view all chalets on the market
Here is a link to view all townhomes on the market
Here is a link to view all the Phase One condos for sale
Here is a link to view all the Phase Two condo hotels for sale

Whistler 2016 Real Estate Statistics

2016 was certainly an interesting year in Whistler Real Estate, we saw prices soar and inventory drop to some of the lowest numbers in recent years.

See the full statistics on our Blog, click here.

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Market Report 2016-17:
Macdonald Realty Annual Review and Forecast

It would be an understatement to say 2016 was a memorable year for BC real estate. The recent spate of policy changes, along with a looming provincial election, have given buyers and sellers much information to absorb as we enter the 2017 spring market. The Feature Story of our 2016-17 Market Report, “The BC real estate market in 2016: a year with many chapters“, offers an industry insiders look at these important changes.

The Market Report contains a 2016 review and 2017 forecast for each of our geographic markets across B.C., contributed by our local managers, as well as summaries from our residential, commercial, property management, project marketing and global relocation divisions.

Read or download the full report on our Blog, click here.
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Whistler Real Estate Hot Sheet | January 2017

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In the Whistler market, the benchmark sale price was $1,354,600 with an average days on market of 109 days for detached homes. At the end of January, there were 9 sales and 56 active listings on the REBGV MLS® (excludes Whistler Listing System numbers).

In comparison, the condo market had 13 sales and 79 active listings. The benchmark sale price was $402,300, and the average days on market were 62.
Townhome featured 15 sales, 35 active listings and a $808,800 benchmark sale price with 32 days on market average

It’s a buyer’s market for houses and condos.

markethotsheet_january2017_whistler

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Whistler Real Estate | New and Sold listings from the last 7 days | 4 February 2017

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To keep you up to date with the Real Estate Listings in Whistler, here are links to all properties listed and sold in the last 7 days.
If you are interested in any of the properties or have any other questions, always feel free to contact us!

New listings in the last 7 days
Sold listings in the last 7 days

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Whistler Real Estate | New and Sold listings from the last 7 days | 20 January

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To keep you up to date with the Real Estate Listings in Whistler, here are links to all properties listed and sold in the last 7 days.
If you are interested in any of the properties or have any other questions, always feel free to contact us!

New listings in the last 7 days
Sold listings in the last 7 days

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Vancouver Real Estate – 2016 Year End Housing Market Update

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The Metro Vancouver* housing market had its third highest selling year on record in 2016, behind only 2015 and 2005.

Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014.

“It was an eventful year for real estate in Metro Vancouver. Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said.

“As prices rose in the first half of the year, public debate waged about what was fuelling demand and what should be done to stop it. This led to multiple government interventions into the market. The long-term effects of these actions won’t be fully understood for some time.”

Residential properties listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 57,596 in 2016. This is an increase of 0.6 per cent compared to the 57,249 properties listed in 2015 and a 2.6 per cent increase compared to the 56,066 properties listed in 2014.

“The supply of homes for sale couldn’t keep up with home buyer demand for much of 2016. This allowed home sellers to raise their asking price. It wasn’t until the last half of the year that prices began to show modest declines.”

The MLS® Home Price Index (HPI) composite benchmark price for all residential properties in Metro Vancouver ends the year at $897,600. This represents a 2.2 per cent decrease over the past six months and a 17.8 per cent increase compared to December 2015.
December summary

Residential property sales in the region totalled 1,714 in December 2016, a decrease of 39.4 per cent from the 2,827 sales recorded in December 2015 and a decrease of 22.6 per cent compared to November 2016 when 2,214 homes sold.

Last month’s sales were 8.1 per cent below the 10-year sales average for the month.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 1,312 in December 2016. This represents a decrease of 35.1 per cent compared to the 2,021 units listed in December 2015 and a 58.3 per cent decrease compared to November 2016 when 3,147 properties were listed.

The total number of properties currently listed for sale on the MLS® in Metro Vancouver is 6,345, a 5.3 per cent increase compared to December 2015 (6,024) and a 24.3 per cent decrease compared to November 2016 (8,385).

Sales of detached properties in December 2016 reached 541, a decrease of 52.4 per cent from the 1,136 detached sales recorded in December 2015. The benchmark price for detached properties is $1,483,500. This represents an 18.6 per cent increase compared to December 2015 and a 1.8 per cent decrease compared to November 2016.

Sales of apartment properties reached 915 in December 2016, a decrease of 25.3 per cent compared to the 1,225 sales in December 2015.The benchmark price of an apartment property is $510,300. This represents a 17.3 per cent increase compared to December 2015 and a 0.3 per cent decrease compared to November 2016.

Attached property sales in December 2016 totalled 258, a decrease of 44.6 per cent compared to the 466 sales in December 2015. The benchmark price of an attached unit is $661,800. This represents a 20.4 per cent increase compared to December 2015 and a 0.8 per cent decrease compared to November 2016.

Download the December 2016 stats package by clicking here

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Whistler Real Estate Statistics – January to December 2016

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2016 was certainly an interesting year in Whistler Real Estate, we saw prices soar and inventory drop to some of the lowest numbers in recent years.
Here are the 2016 year end statistics for you:

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To download a a .pdf version of this presentation please click here.

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Whistler Real Estate | New and Sold listings from the last 7 days | 12 January

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To keep you up to date with the Real Estate Listings in Whistler, here are links to all properties listed and sold in the last 7 days.
If you are interested in any of the properties or have any other questions, always feel free to contact us!

New listings in the last 7 days
Sold listings in the last 7 days

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Whistler Real Estate Market Summary and Hot Sheet for December 2016

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In the Whistler market, the benchmark sale price was $1,354,500 with an average days on market of 72 days for detached homes. At the end of December, there were 2 sales and 60 active listings on the REBGV MLS® (excludes Whistler Listing System numbers).

In comparison, the condo market had 25 sales and 68 active listings. The benchmark sale price was $401,100, and the average days on market were 52.

Townhome featured 13 sales, 34 active listings and a $807,100 benchmark sale price with 70 days on market average

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

markethotsheet_dec2016_whistler

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Whistler Real Estate | New and Sold listings from the last 7 days | 6 January

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To keep you up to date with the Real Estate Listings in Whistler, here are links to all properties listed and sold in the last 7 days.
If you are interested in any of the properties or have any other questions, always feel free to contact us!

New listings in the last 7 days
Sold listings in the last 7 days

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How my agent found the perfect home in a hot seller’s market

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Originally posted on the Macdonald Realty Blog December 15, 2016 by Jonathan Cooper

A real estate company vice president on his homebuying journey

KEY TAKEAWAYS

  • In North America, where everyone knows 10-plus agents, the ones who do it right set themselves apart.
  • Good agents don’t just wait for their clients to ask them questions: They are pro-active to ensure the client is getting the information they need.
  • When trying to buy a home in a hot market, it helps immensely to have an agent with a positive, steady attitude.

    • Selling my home was, of course, just the first of two chapters.

    In part one of this series, I wrote about my experience listing my home and the many ways that our agent helped make the selling process easier and more successful.

    When my wife and I woke up the next morning, we found ourselves buyers in the red-hot Vancouver housing market.

    We wanted to stay, broadly, in the same Kitsilano area — close to my office, the kids’ grandparents and family-friendly community amenities.

    We were searching for a three-bedroom condo, ground-oriented, hopefully with some outdoor space: essentially, the same thing every young family was eyeing in that neighborhood.

    Advantage, seller

    In the spring 2016 market, every listing that did not have serious defects was selling over asking price, with multiple, subject-free offers.

    I work at a real estate company with some 700-plus agents. Our listing agent did a phenomenal job, but as a senior manager at the firm, I needed to share the business around, so we worked with a different buyer’s agent.

    After some consideration, I selected someone who I knew to be both hard working and consistently positive. Buying our next home wasn’t going to be easy, and my wife and I wanted to work with an agent who could maintain optimism even if we lost out in a few multiple-offer situations.

    A stand-out job early on

    We started looking. We spent three weeks going to dozens of open houses.

    We came close to writing a few offers, but there were so many other interested parties that we knew the price would push well beyond our budget.

    We were starting to get discouraged, and a bit nervous; we only had a few months until we had to move!

    Our agent stayed in daily communication with us, and he was always available by cell phone. He didn’t just send us listing auto alerts from the MLS, as many agents in our market do, but personally reviewed all the new inventory as it came out and only sent us the listings that conformed to our core dealbreakers.

    ’10 out of 10′

    After about a month, our agent alerted us to a listing that was only two blocks away from our current home. It was one of a few unsold listings in an already-completed new development.

    The photos online were underwhelming, but our agent saw past that. He pointed out that the floor plan might be perfect for us. My wife visited the unit that same afternoon, and sent me a text message: “10 out of 10!”

    An hour later, we went for a second look with our Realtor.

    Although it was officially listed as a ‘two bedroom,’ it had a large, exterior-facing den. Our agent brought his tape measure, and we mapped out how to convert it into a third bedroom.

    And although half the unit faced on to a busy street, because it was built with modern concrete construction, it was very quiet inside. Within three hours of the first viewing, we bought the condo.
    Every step of the way

    In the weeks before our move, our agent diligently followed up with the developer to ensure the few interior and appliance deficiencies were addressed. He handled all the closing details — the keys, the strata (HOA), the paperwork — so that we could focus on packing up our things.

    Every step of the way, our agent added value to the buying process.

    He didn’t just wait for us to ask him questions, but was proactive in reaching out to us and making sure we were seeing the right homes. Finding a new home with two small kids in tow is stressful, and our agent was always available.

    Even late at night, we could give him a call and talk through options, next steps and strategies.

    Just as our listing agent was able to realize a higher sale price for us through his full service approach, our buying agent saved us tens of thousands of dollars by finding a listing that did not on the face of it meet our needs, but worked great when we scratched beneath the surface.

    Working with full-time, committed real estate professionals in both selling and buying helped us achieve a successful transition in our lives with a minimum of stress.

    In North America, where everyone knows 10-plus agents, the ones who do it right set themselves apart.

    Jonathan Cooper is vice president, operations at Macdonald Real Estate Group. You can follow him on Twitter @jtscooper or on LinkedIn.

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    Whistler Real Estate | New and Sold listings from the last 7 days | 15 December

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    To keep you up to date with the Real Estate Listings in Whistler, here is are links to all properties listed and sold in the last 7 days.
    If you are interested in any of the properties or have any other questions, always feel free to contact us!

    New listings in the last 7 days
    Sold listings in the last 7 days

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    Vancouver Real Estate Market Update November 2016

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    Home sales and listings just below 10-year average

    Home buyer and seller activity remains near historical averages in the Metro Vancouver housing market.

    Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent compared to November 2015 when 3,524 homes sold.

    Last month’s sales were 7.6 per cent below the 10-year sales average for the month.

    “While 2016 has been anything but a normal year for the Metro Vancouver housing market, supply and demand totals have returned to more historically normal levels over the last few months,” said Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president.

    New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,147 in November 2016. This represents a decrease of 20.9 per cent compared to the 3,981 units listed in October 2016 and a 7.2 per cent decrease compared to November 2015 when 3,392 properties were listed.

    Last month’s new listing count was 1.2 per cent below the region’s 10-year new listing average for the month.

    The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,385, an 8.3 per cent decrease compared to October 2016 (9,143) and a 3.6 per cent increase compared to November 2015 (8,096).

    The sales-to-active listings ratio for November 2016 is 26.4 per cent. This is up two per cent from last month (24.4 per cent).

    Downward pressure on home prices can occur when the ratio dips below the 12 per cent mark for a sustained period, while home prices can experience upward pressure when it surpasses 20 per cent over several months.

    “Demand, relative to supply, for detached homes is lower right now than demand for townhomes and apartments,” Morrison said. “This is causing prices to remain stable, or flat, for townhomes and apartments, while detached homes are seeing modest month-over-month declines.”

    The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $908,300. This represents a 1.2 per cent decrease compared to last month and a 20.5 per cent increase compared to November 2015.

    Sales of detached properties in November 2016 reached 638, a decrease of 2.1 per cent from the 652 detached sales recorded in October 2016 and a 52.2 per cent decline over November 2015. The benchmark price for detached properties is $1,511,100. This represents a 2.2 per cent decline compared to last month and a 23 per cent increase compared to November 2015.

    Sales of apartment properties reached 1,200 in November 2016, an increase of 1.9 per cent compared to the 1,178 sales in October 2016 and a 22.7 per cent decrease compared to November 2015.The benchmark price of an apartment property is $512,100. This is unchanged from last month and is an 18 per cent increase compared to November 2015.

    Attached property sales in November 2016 totalled 376, a decrease of 6.7 per cent compared to the 403 sales in October 2016 and a 40.9 per cent decline compared to November 2015. The benchmark price of an attached unit is $667,100. This represents a 0.3 per cent decrease compared to last month and a 23 per cent increase compared to November 2015.

    Download the complete stats package by clicking here.

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    Whistler Real Estate | New and Sold listings from the last 7 days | 8 December

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    To keep you up to date with the Real Estate Listings in Whistler, here is are links to all properties listed and sold in the last 7 days.
    If you are interested in any of the properties or have any other questions, always feel free to contact us!

    New listings in the last 7 days
    Sold listings in the last 7 days

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    Whistler Real Estate | New and Sold listings from the last 7 days | 1 December

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    To keep you up to date with the Real Estate Listings in Whistler, here is are links to all properties listed and sold in the last 7 days.
    If you are interested in any of the properties or have any other questions, always feel free to contact us!

    New listings in the last 7 days
    Sold listings in the last 7 days

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    Whistler Real Estate | New and Sold listings from the last 7 days | 24 November

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    To keep you up to date with the Real Estate Listings in Whistler, here is are links to all properties listed and sold in the last 7 days.
    If you are interested in any of the properties or have any other questions, always feel free to contact us!

    New listings in the last 7 days
    Sold listings in the last 7 days

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    October Vancouver Real Estate Updated

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    Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent decrease compared to September 2016 when 2,253 homes sold. Last month’s sales were 15 per cent below the 10-year October sales average.

    “Changing market conditions compounded by a series of government interventions this year have put home buyers and sellers in a holding pattern,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Potential buyers and sellers are taking a wait-and-see approach to try and better understand what these changes mean for them.”

    New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,981 in October 2016. This represents a decrease of 3.5 per cent compared to the 4,126 units listed in October 2015 and a 17 per cent decrease compared to September 2016 when 4,799 properties were listed.

    Last month’s new listing count was 9.5 per cent below the region’s 10-year new listing average for the month.

    The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,143, a 4.5 per cent decrease compared to October 2015 (9,569) and a 2.3 per cent decrease compared to September 2016 (9,354).

    The sales-to-active listings ratio for October 2016 is 24.4 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

    “While sales are down across the different property types, it’s the detached market that’s seen the largest reduction in home buyer demand in recent months,” Morrison said. “It’s important to work with your local REALTOR® to help you navigate today’s changing trends.”

    The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $919,300. This represents a 24.8 per cent increase compared to October 2015 and a 0.8 per cent decline compared to September 2016.

    Sales of detached properties in October 2016 reached 652, a decrease of 54.6 per cent from the 1,437 detached sales recorded in October 2015. The benchmark price for detached properties is $1,545,800. This represents a 28.9 per cent increase compared to October 2015 and a 1.4 per cent decrease compared to September 2016.

    Sales of apartment properties reached 1,178 in October 2016, a decrease of 23.7 per cent compared to the 1,543 sales in October 2015.The benchmark price of an apartment property is $512,300. This represents a 20.5 per cent increase compared to October 2015 and a 0.3 per cent increase compared to September 2016.

    Attached property sales in October 2016 totalled 403, a decrease of 39.5 per cent compared to the 666 sales in October 2015. The benchmark price of an attached unit is $669,200. This represents a 25.7 per cent increase compared to October 2015 and a 1.1 per cent decrease compared to September 2016.

    Download the complete stats package by clicking here

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    Whistler Real Estate Hot Sheet October

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    In the Whistler market, the benchmark sale price was $1,311,200 with an average days on market of 80 days for detached homes. At the end of October, there were 11 sales and 59 active listings.

    In comparison, the condo market had 48 sales and 76 active listings. The benchmark sale price was $368,700, and the average days on market were 60.

    Townhome featured 35 sales, 30 active listings and a $769,700 benchmark sale price with 40 average days on market.

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

    Whistler Real Estate Statistics October 2016

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    Whistler Real Estate Hot Sheet September

    Whistler Real Estate Market Hot Sheet

    Whistler Real Estate Market Hot Sheet

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    September Vancouver Real Estate Updated

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    Metro Vancouver* home sales dipped below the 10-year monthly sales average last month.

    Metro Vancouver home sales totalled 2,253 in September 2016, a decrease of 32.6 per cent from the 3,345 sales recorded in September 2015 and a decrease of 9.5 per cent compared to August 2016 when 2,489 homes sold.

    Last month’s sales were 9.6 per cent below the 10-year sales average for the month.

    “Supply and demand conditions differ today depending on property type,” Dan Morrison, REBGV president said. “We’re seeing more demand for condominiums and townhomes today than in the detached home market.”

    New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,799 in September 2016. This represents a decrease of one per cent compared to the 4,846 units listed in September 2015 and an 11.8 per cent increase compared to August 2016 when 4,293 properties were listed.

    The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,354, a 13.4 per cent decline compared to September 2015 (10,805) and a 10 per cent increase compared to August 2016 (8,506).

    The sales-to-active listings ratio for September 2016 is 24.1 per cent. This is the lowest this ratio has been since February 2015. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

    “Changing market conditions are easing upward pressure on home prices in our region,” Morrison said. “There’s uncertainty in the market at the moment and home buyers and sellers are having difficulty establishing price as a result. To help you understand the factors affecting prices, it’s important to talk with a REALTOR®.”

    The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $931,900. This represents a 28.9 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.

    Sales of detached properties in September 2016 reached 666, a decrease of 47.6 per cent from the 1,272 detached sales recorded in September 2015. The benchmark price for detached properties is $1,579,400. This represents a 33.7 per cent increase compared to September 2015 and a 0.1 per cent increase compared to August 2016.

    Sales of apartment properties reached 1,218 in September 2016, a decrease of 20.3 per cent compared to the 1,529 sales in September 2015.The benchmark price of an apartment property is $511,800. This represents a 23.5 per cent increase compared to September 2015 and a 0.5 per cent decline compared to August 2016.

    Attached property sales in September 2016 totalled 369, a decrease of 32.2 per cent compared to the 544 sales in September 2015. The benchmark price of an attached unit is $677,000. This represents a 29.1 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.

    Download the complete stats package by clicking here

    * Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, and South Delta.

    Source: Real Estate Board of Greater Vancouver

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    Real Estate Market in British Columbia since the Foreign Buyer Tax

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    Spent the day with an economist reviewing the market numbers in all of BC to investigate what is happening.
    Vancouver saw a 20% drop which mostly affected the detached single family market. This is not a surprise as everyone felt the market was grossly overheated in early 2016. Sharp declines have happened in the Vancouver Market before we saw steep drops in 1996, 2001, 2003, and even a softening in 2012. The Bc Foreign tax is among the world’s highest but less regulation or restrictions in BC as compared to other countries which have implicated similar taxes. Victoria seems to still continue to soar as many relocate out of the lower mainland. Click here to view the presentation:
    Bryan Yu – Economic Forecast 2016

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    Whistler Real Estate Market Update

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    The Whistler Real Estate Market in May

    Here is an overview of the Whistler Market in May
    MarketHotSheet_May2016_Whistler

    Everything still moves very quickly, but we have seen a few more listings coming on the market
    View New Listings from the past 7 days here.
    View Solds from the past 7 days here.

    The Vancouver effect?

    Surrounding real estate markets experience price boost

    vancouverEffect

    The entire province had a record month for real estate sales.
    Have you heard about the red-hot real estate market … in Parksville?
    While the Vancouver’s market has been in the spotlight for its rapidly rising values, these sky-high growth rates are now trickling out to surrounding locations.
    Read more… (CBC News)

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    St. Patrick’s Day Newsletter | Whistler Real Estate Statistics

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    Saint-Patricks-Free-Clip-Art-Geographics-2

    We are working around the clock to find you a property regardless if it is listed for sale or not.
    Sellers, there has never been more demand than there is today. Here’s what that means in terms of numbers; historically a strong market in Whistler meant that there were between 700 and 800 properties for sale. When the global crisis hit and our market slowed we had 1200 homes for sale. Today, there are only 261 properties in all of Whistler on the market!

    We are seeing a lot of pressure for chalets under the price of $2.2 million. There have been no sales between $2.2 and $4 million so far this year. This price range is surprisingly slow as buyers seem to be jumping up in their budget and paying more for larger homes, properties that may be newer and offer 5,000 plus square feet. When you look at performance in our Luxury Market for homes priced over $4 million; we have had some historical high sales. Recently we had a record sale of $22 million dollars for a single-family home located in Stonebridge and a lot sale of $10 million. There have been many sales over $5 million which is an indication of the confidence that Whistler offers as an investment and also a result of our weak Canadian dollar.

    Please work closely with us so we can make sure we’re on top of our game and working hard for you.

    Click here to view New Listings in Whistler in the last 30 days.
    Click here to view what’s Sold in Whistler in the last 30 days.

    Whistler – February Hot Sheet

    MarketHotSheet_Feb2016_Whistler

    Macdonald Realty Recognized for Excellence in Service and Marketing at Global Real Estate Conference

    feb_2016_award_graphic__normal

    Macdonald Realty received the prestigious Global Alliance Award from Leading Real Estate Companies of the World® (LeadingRE), a global network of more than 500 high quality independent real estate firms. The award was presented at the network’s Annual Awards Gala February 25 at the Fontainebleau Miami Beach. The event was part of LeadingRE’s Conference Week, which has attracted a distinguished audience of nearly 2,500 real estate professionals from 25 countries.

    Winner Global Alliance Award
    For the fourth consecutive year, Macdonald Realty was presented the Global Alliance Award. This award is presented to the international firm that closes the most cross-border referrals, utilizing the strength of the LeadingRE network to assist their local clients with global real estate investment and relocation services.
    Read more here.

    What’s happening in Whistler

    The Audain Art Museum – now open
    audain
    Whistler’s newest attraction opened last weekend, the Audain Art Museum. It is an iconic 55,230-square-foot museum that houses a unique collection of British Columbia art in Whistler Village. The Audain Art Museum has one of the world’s finest collections of old First Nations masks, an exceptional collection of Emily Carr paintings, works by some of Canada’s post war artists—including Jack Shadbolt, E.J. Hughes and Gordon Smith—and also works by other internationally famous contemporary artists. Visit the museum’s website here.

    17 March – St. Patrick’s Day at the Dubh Linn Gate Irish Pub
    Kick up yer heels as you celebrate the luckiest day of the year with The Splinters in the afternoon, and keep the jig going with Ruckus Deluxe in the evening. A cover charge of $2.00 will be in affect at the door with the proceeds going directly to Whistler Community Services.

    17 – 20 March – The GoPro Junior Freeski Event
    Location: On-Mountain
    This IFSA event challenges competitors 12-18 years old to shred big mountain terrain, while judges score them based on style, speed, and line choice. For more information on entry fee and registration, please call the Whistler Blackcomb Reservation Centre at 1.800.766.0449.

    19 March – 14th Annual Balding For Dollars
    Location: Garibaldi Lift Company (GLC) | Time: 3:30 – 5:30 PM
    Join in the fun at 14th Annual Whistler Balding for Dollars featuring plenty o’ head shaving in support of kids with cancer at the oncology wards of BC Children’s Hospital. Over the years hundreds of Whistler locals have shaved their heads to raise money for the kids. To date more than $246,764 has been raised in Whistler at this event.

    22 – 12 March – Sport Chek Canadian Championships 2016
    Location: Whistler Mountain
    Once again, the Sport Chek Alpine Canadian Championships return to Whistler featuring the Sport Chek National Championships March 22 to 29 and the Sport Chek Para-Alpine Canadian Championship GS and Slalom on March 28 and 29. The competition will be held at the Dave Murray National Training Centre located on Whistler’s Raven/Ptarmigan runs. This is the perfect opportunity to see downhill ski racing at it’s finest – fast, furious and precise. The national alpine and para-alpine teams take on up-and-coming athletes from the provincial and club level as well as international competitors.

    8 – 17 April – Whistler World Ski & Snowboard Festival
    The WSSF is Whistler’s unique mountain culture festival with ten days of awesome events – free outdoor concerts, photography, film, skiing competitions and non-stop nightlife PLUS sweet spring skiing and sunny après sessions.

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    Whistler and Squamish January Real Estate Market Report

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    Whistler

    In the Whistler market, the benchmark sale price was $1,095,900 with an average days on market of 39 days for detached homes. At the end of January, there were 8 sales and 94 active listings.

    In comparison, the condo market had 33 sales and 132 active listings. The benchmark sale price was $332,100, and the average days on market were 124.

    Townhome featured 15 sales, 50 active listings and a $610,000 benchmark sale price with 110 average days on market.

    Listings are down. Sales are up. It’s a seller’s market.

    Jan2016_Whistler

    Squamish

    In January 2016, there were 17 sales of detached homes and 54 active listings in Squamish. The benchmark sale price was $651,400 with an average days on market of 48.

    The Condo market had 7 sales and 32 active listings at the end of the month. The benchmark sale price was $312,600 with an average days on market of 37.

    Townhome sales were 4, active listings were 17. The benchmark sale price was $482,900, and the average days on market were 9.

    Jan2016_Squamish

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    We offer all the real estate services you need

    Macdonald Realty was founded in Vancouver in 1944 and has continued to grow through the years and the changes in the real estate market. We’re solid, established and respected, with 20 offices throughout British Columbia. Today, we’re Western Canada’s largest independent full service real estate company, with Residential, Commercial, Property Management and Project Marketing divisions. And we’re still proudly BC owned and operated.

    About Shauna

    As an agent with the largest realtor network in Canada, Macdonald Realty, Shauna O’Callaghan, works locally on a national scale. Shauna’s excellent reputation is the result of unparalleled respect for clients and market smarts.

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