CategoriesReal Estate Stats

Metro Vancouver Market update – November 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 2389 listings and home sales in the area totaled 1618 showing a Seller’s Market within the Metro Vancouver.

For all residential properties in Metro Vancouver the average Multiple Listing Service® (MLS®) Home Price Index (HPI) benchmark price is $1,104,600. This shows a 6.3% change over a yearly period and a 0.3% increase compared to the previous month.

Vancouver Market Stats – Novermber 2020

In November there were 834 sales out of a total 1277 residential properties listed in Vancouver. The sales-to-active listings ratio is 76.1% for detached homes, 64% for townhomes, and 61.4% for condominiums bringing the average residential property to 65.3% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $2,327,850, a 0.9% increase from the previous month and a 8.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4% compared to the year before, reaching a benchmark price of $1,025,900

The HPI Benchmark price of a condominium sits at $675,100; a -1.4% decrease compared to last month and a 4.3% increase from the same time last year.

North Vancouver Market Stats – Novermber 2020

In November there were 261 sales out of a total 333 residential properties listed in North Vancouver. The sales-to-active listings ratio is 91.3% for detached homes, 59.1% for townhomes, and 78% for condominiums bringing the average residential property to 78.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,671,500, a 0.4% increase from the previous month and a 11.6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 10.1% compared to the year before, reaching a benchmark price of $1,031,400

The HPI Benchmark price of a condominium sits at $585,300; a -0.6% decrease compared to last month and a 7.3% increase from the same time last year.

West Vancouver Market Stats – Novermber 2020

In November there were 88 sales out of a total 109 residential properties listed in West Vancouver. The sales-to-active listings ratio is 84.9% for detached homes, 0% for townhomes, and 83.3% for condominiums bringing the average residential property to 80.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $2,741,500, a -0.1% decrease from the previous month and a 7.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 0% compared to the year before, reaching a benchmark price of $0

The HPI Benchmark price of a condominium sits at $1,092,100; a -0.2% decrease compared to last month and a -0.1% decrease from the same time last year.

Richmond Market Stats – Novermber 2020

In November there were 333 sales out of a total 519 residential properties listed in Richmond. The sales-to-active listings ratio is 67.2% for detached homes, 80.7% for townhomes, and 56.3% for condominiums bringing the average residential property to 64.2% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,580,100, a -0.1% decrease from the previous month and a 6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 7.8% compared to the year before, reaching a benchmark price of $821,500

The HPI Benchmark price of a condominium sits at $651,900; a -0.7% decrease compared to last month and a 3.9% increase from the same time last year.

Delta South Market Stats – Novermber 2020

In November there were 102 sales out of a total 151 residential properties listed in Delta South. The sales-to-active listings ratio is 65.9% for detached homes, 87.1% for townhomes, and 53.1% for condominiums bringing the average residential property to 67.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,114,600, a 1.6% increase from the previous month and a 13.8% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 1.8% compared to the year before, reaching a benchmark price of $629,350

The HPI Benchmark price of a condominium sits at $525,100; a -1.9% decrease compared to last month and a 1.9% increase from the same time last year.

CategoriesReal Estate Stats

Greater Vancouver Market Update – November 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 1471 listings and home sales in the area totaled 1140 showing a Seller’s Market within the Greater Vancouver.

For all residential properties in Greater Vancouver the average Multiple Listing Service® (MLS®) Home Price Index (HPI) benchmark price is $813,333. This shows a 7% change over a yearly period and a 0.3% increase compared to the previous month.

Burnaby Market Stats – Novermber 2020

In November there were 373 sales out of a total 482 residential properties listed in Burnaby. The sales-to-active listings ratio is 92.5% for detached homes, 91.1% for townhomes, and 67.5% for condominiums bringing the average residential property to 77.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1460,533, a 0.7% increase from the previous month and a 8.8% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.7% compared to the year before, reaching a benchmark price of $748,033

The HPI Benchmark price of a condominium sits at $667,300; a 0% increase compared to last month and a 2.1% increase from the same time last year.

New Westminster Market Stats – Novermber 2020

In November there were 144 sales out of a total 164 residential properties listed in New Westminster. The sales-to-active listings ratio is 171.4% for detached homes, 117.4% for townhomes, and 67.5% for condominiums bringing the average residential property to 87.8% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,139,300, a 1.1% increase from the previous month and a 11.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.6% compared to the year before, reaching a benchmark price of $755,700

The HPI Benchmark price of a condominium sits at $528,600; a -0.6% decrease compared to last month and a 4.1% increase from the same time last year.

Coquitlam Market Stats – Novermber 2020

In November there were 259 sales out of a total 367 residential properties listed in Coquitlam. The sales-to-active listings ratio is 76.7% for detached homes, 79.7% for townhomes, and 62.4% for condominiums bringing the average residential property to 70.6% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,272,900, a 0.9% increase from the previous month and a 10.2% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 9% compared to the year before, reaching a benchmark price of $702,000

The HPI Benchmark price of a condominium sits at $531,400; a -0.6% decrease compared to last month and a 2.5% increase from the same time last year.

Port Coquitlam Market Stats – Novermber 2020

In November there were 90 sales out of a total 130 residential properties listed in Port Coquitlam. The sales-to-active listings ratio is 82.9% for detached homes, 80.8% for townhomes, and 58% for condominiums bringing the average residential property to 69.2% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,039,300, a 0.5% increase from the previous month and a 11.6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.8% compared to the year before, reaching a benchmark price of $654,000

The HPI Benchmark price of a condominium sits at $466,900; a 0.1% increase compared to last month and a 4.2% increase from the same time last year.

Port Moody Market Stats – Novermber 2020

In November there were 61 sales out of a total 87 residential properties listed in Port Moody. The sales-to-active listings ratio is 75% for detached homes, 73.7% for townhomes, and 65% for condominiums bringing the average residential property to 70.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,544,300, a 1.9% increase from the previous month and a 10.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.2% compared to the year before, reaching a benchmark price of $650,700

The HPI Benchmark price of a condominium sits at $656,300; a 1.3% increase compared to last month and a 5.4% increase from the same time last year.

Maple Ridge Market Stats – Novermber 2020

In November there were 213 sales out of a total 241 residential properties listed in Maple Ridge. The sales-to-active listings ratio is 89.8% for detached homes, 90.8% for townhomes, and 81.6% for condominiums bringing the average residential property to 88.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $897,900, a 1.5% increase from the previous month and a 11.8% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.5% compared to the year before, reaching a benchmark price of $558,500

The HPI Benchmark price of a condominium sits at $367,200; a -0.5% decrease compared to last month and a 5.7% increase from the same time last year.

CategoriesUncategorized

Fraser Valley Market Update – November 2020

According to the Fraser Valley Real Estate Board report (FVREB), there were a total of 3850 listings and home sales in the area totaled 1695 showing a Seller’s Market within the Fraser Valley.

For all residential properties in Fraser Valley the average Multiple Listing Service® (MLS®) Home Price Index (HPI) benchmark price is $731,517. This shows a 7.9% change over a yearly period and a 0.8% increase compared to the previous month.

Surrey Market Stats – Novermber 2020

In November there were 842 sales out of a total 1753 residential properties listed in Surrey. The sales-to-active listings ratio is 59.4% for detached homes, 56.4% for townhomes, and 27.3% for condominiums bringing the average residential property to 48% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,081,433, a 1.7% increase from the previous month and a 10.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.4% compared to the year before, reaching a benchmark price of $583,567

The HPI Benchmark price of a condominium sits at $437,500; a -0.3% decrease compared to last month and a 4.3% increase from the same time last year.

Delta North Market Stats – Novermber 2020

In November there were 78 sales out of a total 184 residential properties listed in Delta North. The sales-to-active listings ratio is 60.3% for detached homes, 21.4% for townhomes, and 5% for condominiums bringing the average residential property to 42.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $983,800, a 1.2% increase from the previous month and a 10.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 9.6% compared to the year before, reaching a benchmark price of $581800

The HPI Benchmark price of a condominium sits at $381,200; a -0.3% decrease compared to last month and a 3.3% increase from the same time last year.

White Rock Market Stats – Novermber 2020

In November there were 287 sales out of a total 943 residential properties listed in White Rock. The sales-to-active listings ratio is 30.2% for detached homes, 50.3% for townhomes, and 21.6% for condominiums bringing the average residential property to 30.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,447,700, a 0.3% increase from the previous month and a 10.4% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6.8% compared to the year before, reaching a benchmark price of $674,800

The HPI Benchmark price of a condominium sits at $507,200; a 2.7% increase compared to last month and a 7.7% increase from the same time last year.

Langley Market Stats – Novermber 2020

In November there were 145 sales out of a total 269 residential properties listed in Langley. The sales-to-active listings ratio is 85.6% for detached homes, 65.1% for townhomes, and 36.7% for condominiums bringing the average residential property to 53.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,115,200, a 2.2% increase from the previous month and a 12.6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5% compared to the year before, reaching a benchmark price of $579,200

The HPI Benchmark price of a condominium sits at $398,000; a 0.1% increase compared to last month and a 5.2% increase from the same time last year.

Mission Market Stats – Novermber 2020

In November there were 63 sales out of a total 118 residential properties listed in Mission. The sales-to-active listings ratio is 57.8% for detached homes, 46.2% for townhomes, and 33.3% for condominiums bringing the average residential property to 53.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $739,000, a 1.8% increase from the previous month and a 15.6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6.5% compared to the year before, reaching a benchmark price of $476,800

The HPI Benchmark price of a condominium sits at $361,200; a 2.2% increase compared to last month and a 7.8% increase from the same time last year.

Abbotsford Market Stats – Novermber 2020

In November there were 358 sales out of a total 767 residential properties listed in Abbotsford. The sales-to-active listings ratio is 52.3% for detached homes, 55.1% for townhomes, and 34.6% for condominiums bringing the average residential property to 46.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $873,600, a 0.6% increase from the previous month and a 11% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.5% compared to the year before, reaching a benchmark price of $476,300

The HPI Benchmark price of a condominium sits at $323,400; a -0.3% decrease compared to last month and a 4.8% increase from the same time last year.

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