9 Heat Maps that will explain Greater Vancouver 2015 Real Estate Market Prices

Lower Mainland Real Estate Benchmark Prices for November 2015

Greater Vancouver

We spent couple days to make 9 super detailed heat maps of Lower Mainland 2015 Real Estate Prices. We broke it down to neighbourhoods and type of property so everybody can see what happened with their home prices. Enjoy!

Single Family Homes Benchmark Price November 2015



Top 10 Most Expensive Neighbourhoods in Lower Mainland for Single Family Homes

1. $5,504,100 – Whitby Estates, West Vancouver
2. $5,254,300 – University VW, Vancouver West
3. $4,908,800 – Shaughnessy, Vancouver West
4. $4,382,300 – Canterbury WV, West Vancouver
5. $3,613,300 – Westhill, West Vancouver
6. $3,591,700 – Chartwell, West Vancouver
7. $3,321,800 – South Granville, Vancouver West
8. $3,233,200 – Quilchena, Vancouver West
9. $3,203,900 – Altamont, West Vancouver
10. $3,100,400 – Arbutus, Vancouver West

Top 10 Least Expensive Neighbourhoods in Lower Mainland for Single Family Homes
1. $285,200 – Lake Errock, Mission
2. $325,800 – Pender Harbour Egmont, Sunshine Coast
3. $350,100 – Sechelt District, Sunshine Coast
4. $366,000 – Bridgeview, North Surrey
5. $366,800 – Halfmn Bay Secret Cv Redroofs, Sunshine Coast
6. $400,300 – Mission BC, Mission
7. $405,700 – Central Abbotsford, Abbotsford
8. $417,200 – Hatzic, Mission
9. $427,300 – Durieu, Mission
10. $433,200 – Gibsons & Area, Sunshine Coast

 

Single Family Homes Benchmark Price November 2015, 1 year change, %

Top 10 Neighbourhoods Where Single Family Homes Prices Have Risen the Most Last Year.
1. 32.9% – English Bluff, Tsawwassen
2. 32.6% – Sullivan Heights, Burnaby North
3. 32.5% – Port Guichon, Ladner
4. 32.4% – Pebble Hill, Tsawwassen
5. 31.9% – Cliff Drive, Tsawwassen
6. 31.5% – Tsawwassen Central, Tsawwassen
7. 31.2% – East Richmond, Richmond
8. 31% – Renfrew VE, Vancouver East
9. 30.8% – Windsor Park NV, North Vancouver
10. 30.4% – Grandview VE, Vancouver East

Top 10 Neighbourhoods Where Single Family Homes Prices Have Risen the Least or Descended Last Year.
1. 6% – Pender Harbour Egmont, Sunshine Coast
2. 6.7% – Silver Valley, Maple Ridge
3. 7.4% – Braemar, North Vancouver
4. 7.5% – Aldergrove Langley, Langley
5. 7.6% – Lake Errock, Mission
6. 8.4% – Sechelt District, Sunshine Coast
7. 8.4% – Sechelt District, Sunshine Coast
8. 8.7% – Websters Corners, Maple Ridge
9. 9% – Bowen Island, Bowen Island
10. 9.1% – Central Abbotsford, Abbotsford
 

Single Family Homes Benchmark Price November 2015, 1 month change, %

Top 10 Neighbourhoods Where Single Family Homes Prices Have Risen the Most Last Month.
1. 10.8% – Serpentine, Cloverdale
2. 6.5% – Braemar, North Vancouver
3. 6.5% – Braemar, North Vancouver
4. 6.2% – Tempe, North Vancouver
5. 6.1% – Grouse Woods, North Vancouver
6. 6% – Princess Park, North Vancouver
7. 5.9% – Mount Pleasant VE, Vancouver East
8. 5.8% – Main, Vancouver East
9. 5.7% – Lynn Valley, North Vancouver
10. 5.6% – Kitsilano, Vancouver West

Top 10 Neighbourhoods Where Single Family Homes Prices Have Risen the Least or Descended Last Month.
1. -2.6% – Sumas Mountain, Abbotsford
2. -2.3% – Northyards, Squamish
3. -2% – Central Abbotsford, Abbotsford
4. -1.6% – Bowen Island, Bowen Island
5. -1.6% – Bowen Island, Bowen Island
6. -1.5% – Cypress, West Vancouver
7. -1.3% – Gibsons & Area, Sunshine Coast
8. -1.2% – Sumas Prairie, Abbotsford
9. -1.1% – Mission-West, Mission
10. -1% – West Bay, West Vancouver
 

Condos Benchmark Price November 2015

Top 10 Most Expensive Neighbourhoods in Lower Mainland for Condos
1. $890,400 – Panorama Village, West Vancouver
2. $865,200 – Quilchena, Vancouver West
3. $859,900 – Dundarave, West Vancouver
4. $851,200 – Park Royal, West Vancouver
5. $824,800 – Oakridge VW, Vancouver West
6. $809,000 – Coal Harbour, Vancouver West
7. $679,200 – Yaletown, Vancouver West
8. $671,900 – Kerrisdale, Vancouver West
9. $669,000 – False Creek, Vancouver West
10. $661,000 – University VW, Vancouver West

Top 10 Least Expensive Neighbourhoods in Lower Mainland for Condos
1. $107,600 – Granville, Richmond
2. $117,800 – South Arm, Richmond
3. $126,300 – Otter District, Langley
4. $132,600 – Cedar Hills, North Surrey
5. $133,400 – Annieville, N. Delta
6. $146,800 – Central Abbotsford, Abbotsford
7. $151,700 – West Central, Maple Ridge
8. $154,100 – Abbotsford West, Abbotsford
9. $170,700 – East Central, Maple Ridge
10. $170,700 – East Central, Maple Ridge
 

Condos Benchmark Price November 2015, 1 year change, %

Top 10 Neighbourhoods Where Condos Prices Have Risen the Most Last Year.
1. 37.9% – Shaughnessy, Vancouver West
2. 31% – Marpole, Vancouver West
3. 28.9% – S.W. Marine, Vancouver West
4. 28.8% – Oakridge VW, Vancouver West
5. 26.1% – Central Coquitlam, Coquitlam
6. 26.1% – Central Coquitlam, Coquitlam
7. 25.6% – Fairview VW, Vancouver West
8. 25.6% – Fairview VW, Vancouver West
9. 24% – Mount Pleasant VE, Vancouver East
10. 23.8% – Downtown VE, Vancouver East

Top 10 Neighbourhoods Where Condos Prices Have Risen the Least or Descended Last Year.

1. -9.2% – Granville, Richmond
2. -9.1% – South Arm, Richmond
3. -6.5% – Sapperton, New Westminster
4. -2.9% – West Central, Maple Ridge
5. -2.3% – Northwest Maple Ridge, Maple Ridge
6. -1.6% – Mid Meadows, Pitt Meadows
7. -1.3% – Central Meadows, Pitt Meadows
8. -1% – East Central, Maple Ridge
9. -0.7% – Broadmoor, Richmond
10. -0.4% – Maillardville, Coquitlam
 

Condos Benchmark Price November 2015, 1 month change, %

Top 10 Neighbourhoods Where Condos Prices Have Risen the Most Last Month.
1. 8.3% – Downtown VE, Vancouver East
2. 7.7% – Edmonds BE, East Burnaby
3. 7.6% – Coquitlam West, Coquitlam
4. 7.6% – Coquitlam West, Coquitlam
5. 7.4% – GlenBrooke North, New Westminster
6. 6.6% – West End NW, New Westminster
7. 6.4% – Shaughnessy, Vancouver West
8. 6.1% – Central Coquitlam, Coquitlam
9. 5.7% – Park Royal, West Vancouver
10. 5.6% – Valleycliffe, Squamish

Top 10 Neighbourhoods Where Condos Prices Have Risen the Least or Descended Last Month.
1. -5.2% – False Creek, Vancouver West
2. -4.5% – Mount Pleasant VW, Vancouver West
3. -3.1% – South Arm, Richmond
4. -3% – Garibaldi Estates, Squamish
5. -2.9% – Neilsen Grove, Ladner
6. -2.8% – Fraser VE, Vancouver East
7. -2.7% – Hawthorne, Ladner
8. -2.4% – Ladner Elementary, Ladner
9. -2.4% – Ladner Elementary, Ladner
10. -2.3% – Tsawwassen East, Tsawwassen
 

Townhomes Benchmark Price November 2015

Top 10 Most Expensive Neighbourhoods in Lower Mainland for Townhomes
1. $1,597,400 – Shaughnessy, Vancouver West
2. $1,318,300 – South Cambie, Vancouver West
3. $1,293,500 – Coal Harbour, Vancouver West
4. $1,286,700 – Quilchena, Vancouver West
5. $1,202,800 – Oakridge VW, Vancouver West
6. $1,119,000 – University VW, Vancouver West
7. $1,117,900 – Yaletown, Vancouver West
8. $1,055,700 – Kerrisdale, Vancouver West
9. $957,000 – Cambie, Vancouver West
10. $851,600 – Mount Pleasant VW, Vancouver West

Top 10 Least Expensive Neighbourhoods in Lower Mainland for Townhomes
1. $207,800 – Aldergrove Langley, Langley
2. $215,800 – Abbotsford West, Abbotsford
3. $221,500 – Central Abbotsford, Abbotsford
4. $225,000 – Abbotsford East, Abbotsford
5. $230,900 – Mission BC, Mission
6. $249,600 – Guildford, North Surrey
7. $258,800 – Langley City, Langley
8. $271,600 – East Newton, Surrey
9. $282,600 – Queen Mary Park Surrey, Surrey
10. $283,400 – Annieville, N. Delta
 

Townhomes Benchmark Price November 2015, 1 year change, %

Top 10 Neighbourhoods Where Townhomes Prices Have Risen the Most Last Year.
1. 24% – Coal Harbour, Vancouver West
2. 23.2% – Victoria VE, Vancouver East
3. 21.3% – Shaughnessy, Vancouver West
4. 20.9% – Walnut Grove, Langley
5. 20.5% – Westwood Plateau, Coquitlam
6. 20.1% – East Central, Maple Ridge
7. 19.9% – Seafair, Richmond
8. 19.8% – Killarney VE, Vancouver East
9. 19.6% – Renfrew VE, Vancouver East
10. 19.3% – Grandview VE, Vancouver East

Top 10 Neighbourhoods Where Townhomes Prices Have Risen the Least or Descended Last Year.
1. -5.9% – Fraserview NW, New Westminster
2. -4.7% – Uptown NW, New Westminster
3. -4.4% – Government Road, Burnaby North
4. -4% – GlenBrooke North, New Westminster
5. -1.5% – The Crest, East Burnaby
6. 0.1% – Queen Mary Park Surrey, Surrey
7. 0.3% – Grandview Surrey, White Rock
8. 0.6% – Highgate, Burnaby South
9. 0.8% – Morgan Creek, White Rock
10. 1% – Langley City, Langley
 

Townhomes Benchmark Price November 2015, 1 month change, %

Top 10 Neighbourhoods Where Townhomes Prices Have Risen the Most Last Month.
1. 9.7% – Shaughnessy, Vancouver West
2. 7.3% – Knight, Vancouver East
3. 7.2% – Walnut Grove, Langley
4. 6.7% – Quilchena, Vancouver West
5. 6.5% – Marpole, Vancouver West
6. 6.2% – Kitsilano, Vancouver West
7. 5.8% – Mount Pleasant VE, Vancouver East
8. 5.6% – False Creek, Vancouver West
9. 5.4% – Downtown VW, Vancouver West
10. 5.2% – Coal Harbour, Vancouver West

Top 10 Neighbourhoods Where Townhomes Prices Have Risen the Least or Descended Last Month.
1. -3.2% – Fraserview NW, New Westminster
2. -3% – Uptown NW, New Westminster
3. -2.9% – Canyon Springs, Coquitlam
4. -2.7% – Glenwood PQ, Port Coquitlam
5. -2.5% – Government Road, Burnaby North
6. -2.5% – Highgate, Burnaby South
7. -2.5% – Central Coquitlam, Coquitlam
8. -2.5% – Abbotsford East, Abbotsford
9. -2.3% – Edmonds BE, East Burnaby
10. -2.2% – Langley City, Langley
 

Even as home listings began the traditional year-end decline, home sales actually reached near record levels in November.

As reported by Real Estate Board of Greater Vancouver (REBGV), residential property sales in Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) for the month of November 2015. What this shows is a 40.1% increase as compared to sales recorded in November 2014 with a record of 2,516 but at the same time a 3.3% decrease comparing with sales from October 2015.

Sales for last month were 46.2% above the 10-year sales average for the month and ranked second highest in November for residential property sales.

With the MLS® Home Price Index composite benchmark price of all residential properties in Metro Vancouver currently at $752,500, it is a 17.8% increase when compared against that of November 2014.
Sales-to-active-listings ratio in November was 43.5% which make it seller’s market

Fraser Valley

There seems to be no signs of slowing homebuyers down as Fraser Valley REALTORS® experienced their second busiest November on record. On the Multiple Listing Service® (MLS®), 1,766 property sales were processed by the Fraser Valley Real Estate Board in November compared with that of 1,136 in 2014, noting an increase of 55%. The previous record number of sales was 2,154, set in November 1989.

The MLS® Home Price Index benchmark price of a detached home in November saw an increase of 14.7% in November at $659,700 compared to last year November’s $575,400. Going from $298,900 in November of last year to $318,800 last month, MLS® HPI benchmark price of Fraser Valley townhouses saw an increase of 6.7%. The benchmark price of apartments was $207,100, an increase of 9.3% compared to that of November 2014 at $$189,400.

 

The Data
All data displayed on the map is provided by Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board and www.estateblock.com. All information deemed reliable but not guaranteed and should be personally verified.

If map doesn’t work, please see some screenshots here, here, here, here,

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