CategoriesReal Estate Stats

Metro Vancouver Market update – September 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 3805 listings and home sales in the area totaled 1936 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 $1093800. This shows a 5.6% change over a yearly period and a 1.2% increase compared to the previous month.

Vancouver Market Stats – September 2020

In September there were 978 sales out of a total 2159 residential properties listed in Vancouver. The sales-to-active listings ratio is 54.9% for detached homes, 44.5% for townhomes, and 42% for condominiums bringing the average residential property to 45.3% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $2291850, a -0.1% decrease from the previous month and a 7% 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 $1045150

The HPI Benchmark price of a condominium sits at $689550; a -1.5% decrease compared to last month and a 4.8% increase from the same time last year.

North Vancouver Market Stats – September 2020

In September there were 321 sales out of a total 582 residential properties listed in North Vancouver. The sales-to-active listings ratio is 65.5% for detached homes, 52.7% for townhomes, and 48.6% for condominiums bringing the average residential property to 55.2% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1647300, a 2% increase from the previous month and a 12.6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.7% compared to the year before, reaching a benchmark price of $1014900

The HPI Benchmark price of a condominium sits at $586300; a 0.5% increase compared to last month and a 7.3% increase from the same time last year.

West Vancouver Market Stats – September 2020

In September there were 97 sales out of a total 204 residential properties listed in West Vancouver. The sales-to-active listings ratio is 49.2% for detached homes, 0% for townhomes, and 37.9% for condominiums bringing the average residential property to 47.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $2687400, a 3.6% increase from the previous month and a 6.6% 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 $1060600; a 5.9% increase compared to last month and a 3.9% increase from the same time last year.

Richmond Market Stats – September 2020

In September there were 410 sales out of a total 690 residential properties listed in Richmond. The sales-to-active listings ratio is 48.3% for detached homes, 73.8% for townhomes, and 61.6% for condominiums bringing the average residential property to 59.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1564600, a 1.2% increase from the previous month and a 5.9% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.6% compared to the year before, reaching a benchmark price of $805400

The HPI Benchmark price of a condominium sits at $654900; a -0.5% decrease compared to last month and a 4.4% increase from the same time last year.

Delta South Market Stats – September 2020

In September there were 130 sales out of a total 170 residential properties listed in Delta South. The sales-to-active listings ratio is 78.4% for detached homes, 100% for townhomes, and 60.4% for condominiums bringing the average residential property to 76.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1081000, a 0.9% increase from the previous month and a 8.2% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 0.4% compared to the year before, reaching a benchmark price of $627000

The HPI Benchmark price of a condominium sits at $550200; a 2.3% increase compared to last month and a 5.3% increase from the same time last year.

CategoriesReal Estate Stats

Greater Vancouver Market Update – September 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 2277 listings and home sales in the area totaled 1380 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 $801833.333333333. This shows a 5.8% change over a yearly period and a 0.6% increase compared to the previous month.

Burnaby Market Stats – September 2020

In September there were 403 sales out of a total 754 residential properties listed in Burnaby. The sales-to-active listings ratio is 64.7% for detached homes, 53.6% for townhomes, and 49.4% 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 $1452000, a 1.5% increase from the previous month and a 10% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 3.7% compared to the year before, reaching a benchmark price of $736100

The HPI Benchmark price of a condominium sits at $668200; a 0.6% increase compared to last month and a 2.3% increase from the same time last year.

New Westminster Market Stats – September 2020

In September there were 171 sales out of a total 311 residential properties listed in New Westminster. The sales-to-active listings ratio is 51.8% for detached homes, 90% for townhomes, and 49.3% for condominiums bringing the average residential property to 55% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1115200, a 1.5% increase from the previous month and a 8.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6.1% compared to the year before, reaching a benchmark price of $758200

The HPI Benchmark price of a condominium sits at $531100; a 0.5% increase compared to last month and a 3.9% increase from the same time last year.

Coquitlam Market Stats – September 2020

In September there were 306 sales out of a total 505 residential properties listed in Coquitlam. The sales-to-active listings ratio is 69.4% for detached homes, 64.2% for townhomes, and 51.2% for condominiums bringing the average residential property to 60.6% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1240900, a 0.9% increase from the previous month and a 7.2% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6.9% compared to the year before, reaching a benchmark price of $696300

The HPI Benchmark price of a condominium sits at $531700; a 0.5% increase compared to last month and a 2.6% increase from the same time last year.

Port Coquitlam Market Stats – September 2020

In September there were 113 sales out of a total 191 residential properties listed in Port Coquitlam. The sales-to-active listings ratio is 83.6% for detached homes, 55.8% for townhomes, and 45.2% for condominiums bringing the average residential property to 59.2% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1017900, a 2.5% increase from the previous month and a 12% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6.1% compared to the year before, reaching a benchmark price of $661200

The HPI Benchmark price of a condominium sits at $470200; a 1.6% increase compared to last month and a 8.4% increase from the same time last year.

Port Moody Market Stats – September 2020

In September there were 88 sales out of a total 160 residential properties listed in Port Moody. The sales-to-active listings ratio is 43.1% for detached homes, 76.2% for townhomes, and 50.7% for condominiums bringing the average residential property to 55% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1484800, a 1.2% increase from the previous month and a 5.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 2.4% compared to the year before, reaching a benchmark price of $649800

The HPI Benchmark price of a condominium sits at $641200; a 1.1% increase compared to last month and a 2.3% increase from the same time last year.

Maple Ridge Market Stats – September 2020

In September there were 299 sales out of a total 356 residential properties listed in Maple Ridge. The sales-to-active listings ratio is 91.1% for detached homes, 90.6% for townhomes, and 60% for condominiums bringing the average residential property to 84% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $868000, a 1.3% increase from the previous month and a 7.4% 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 $552900

The HPI Benchmark price of a condominium sits at $358000; a -1.2% decrease compared to last month and a 2.7% increase from the same time last year.

CategoriesReal Estate Stats

Fraser Valley Market Update – September 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 4743 listings and home sales in the area totaled 1657 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 $721850. This shows a 6% change over a yearly period and a 1% increase compared to the previous month.

Surrey Market Stats – September 2020

In September there were 799 sales out of a total 2301 residential properties listed in Surrey. The sales-to-active listings ratio is 38% for detached homes, 39.3% for townhomes, and 25.7% for condominiums bringing the average residential property to 34.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1049833.33333333, a 2.7% increase from the previous month and a 5.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.7% compared to the year before, reaching a benchmark price of $587833.333333333

The HPI Benchmark price of a condominium sits at $440133.333333333; a 0.3% increase compared to last month and a 6% increase from the same time last year.

Delta North Market Stats – September 2020

In September there were 77 sales out of a total 226 residential properties listed in Delta North. The sales-to-active listings ratio is 39.5% for detached homes, 32.1% for townhomes, and 19.6% for condominiums bringing the average residential property to 34.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $946800, a 1.2% increase from the previous month and a 8.1% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 8.1% compared to the year before, reaching a benchmark price of $564500

The HPI Benchmark price of a condominium sits at $394000; a 1.8% increase compared to last month and a 7.7% increase from the same time last year.

White Rock Market Stats – September 2020

In September there were 303 sales out of a total 1122 residential properties listed in White Rock. The sales-to-active listings ratio is 21.4% for detached homes, 38.2% for townhomes, and 29.9% for condominiums bringing the average residential property to 27% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1415800, a 1.5% increase from the previous month and a 8.3% 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 $675700

The HPI Benchmark price of a condominium sits at $487200; a -0.4% decrease compared to last month and a -0.8% decrease from the same time last year.

Langley Market Stats – September 2020

In September there were 145 sales out of a total 269 residential properties listed in Langley. The sales-to-active listings ratio is 53.9% for detached homes, 51.6% for townhomes, and 25.9% 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 $1078100, a 1.1% increase from the previous month and a 9.8% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.2% compared to the year before, reaching a benchmark price of $576200

The HPI Benchmark price of a condominium sits at $404100; a 0.8% increase compared to last month and a 7% increase from the same time last year.

Mission Market Stats – September 2020

In September there were 104 sales out of a total 189 residential properties listed in Mission. The sales-to-active listings ratio is 62.5% for detached homes, 34.6% for townhomes, and 37% for condominiums bringing the average residential property to 55% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $711700, a 2.1% increase from the previous month and a 11.6% 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 $470000

The HPI Benchmark price of a condominium sits at $352000; a 0.7% increase compared to last month and a 1.1% increase from the same time last year.

Abbotsford Market Stats – September 2020

In September there were 306 sales out of a total 862 residential properties listed in Abbotsford. The sales-to-active listings ratio is 36% for detached homes, 51.2% for townhomes, and 26.8% for condominiums bringing the average residential property to 35.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $868300, a 2.2% increase from the previous month and a 9.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 3.1% compared to the year before, reaching a benchmark price of $468500

The HPI Benchmark price of a condominium sits at $324500; a -0.2% decrease compared to last month and a 3.9% increase from the same time last year.

CategoriesUncategorized

Greater Vancouver Market Update – August 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 2281 listings and home sales in the area totaled 1026 showing a Seller’s Market within the Greator Vancouver.

For all residential properties in Greator Vancouver the average Multiple Listing Service® (MLS®) Home Price Index (HPI) benchmark price is $795,500. This shows a 4.7% change over a yearly period and a 0.2% increase compared to the previous month.

Burnaby Market Stats – August 2020

In August there were 359 sales out of a total 720 residential properties listed in Burnaby. The sales-to-active listings ratio is 60.1% for detached homes, 55.2% for townhomes, and 44.7% for condominiums bringing the average residential property to 49.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,430,000, a 0.6% increase from the previous month and a 7.1% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.3% compared to the year before, reaching a benchmark price of $747,700.

The HPI Benchmark price of a condominium sits at $663,900; a -1.3% decrease compared to last month and a 2.1% increase from the same time last year.

New Westminster Market Stats – August 2020

In August there were 161 sales out of a total 281 residential properties listed in New Westminster. The sales-to-active listings ratio is 69.4% for detached homes, 60.9% for townhomes, and 53.2% for condominiums bringing the average residential property to 57.3% determining a Seller’s Market for the month

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,098,800, a 0.9% increase from the previous month and a 6.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 8.5% compared to the year before, reaching a benchmark price of $765,000.

The HPI Benchmark price of a condominium sits at $528,400; a -0.4% decrease compared to last month and a 4.3% increase from the same time last year.

Coquitlam Market Stats – August 2020

In August there were 189 sales out of a total 405 residential properties listed in Coquitlam. The sales-to-active listings ratio is 57.8% for detached homes, 59.1% for townhomes, and 30.6% 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 $1,229,600, a 0.1% increase from the previous month and a 6.3% 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 $688,900.

The HPI Benchmark price of a condominium sits at $529,000; a 0% increase compared to last month and a 0.9% increase from the same time last year.

Port Coquitlam Market Stats – August 2020

In August there were 102 sales out of a total 166 residential properties listed in Port Coquitlam. The sales-to-active listings ratio is 79.6% for detached homes, 57.1% for townhomes, and 52% for condominiums bringing the average residential property to 61.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $993,500, a 1.4% increase from the previous month and a 9.4% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.6% compared to the year before, reaching a benchmark price of $656,400.

The HPI Benchmark price of a condominium sits at $462,900; a 0.2% increase compared to last month and a 5.6% increase from the same time last year.

Port Moody Market Stats – August 2020

In August there were 85 sales out of a total 111 residential properties listed in Port Moody. The sales-to-active listings ratio is 60.5% for detached homes, 82.9% for townhomes, and 86.8% for condominiums bringing the average residential property to 76.6% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,467,500, a 1.8% increase from the previous month and a 3.3% increase from the same time last year.

For townhomes, the HPI Benchmark price dropped -0.5% compared to the year before, reaching a benchmark price of $652,500.

The HPI Benchmark price of a condominium sits at $634,200; a -4% decrease compared to last month and a 1.9% increase from the same time last year.

Maple Ridge Market Stats – August 2020

In August there were 130 sales out of a total 598 residential properties listed in Maple Ridge. The sales-to-active listings ratio is 22.7% for detached homes, 25% for townhomes, and 15.9% for condominiums bringing the average residential property to 21.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $857,200, a 0.4% increase from the previous month and a 4.8% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.9% compared to the year before, reaching a benchmark price of $553,400.

The HPI Benchmark price of a condominium sits at $362,500; a 0.4% increase compared to last month and a 3.1% increase from the same time last year.


About Tien Sher Real Estate Market Updates

At Tien Sher we want to bring you in-depth, accurate, simple, and easy to understand real estate stats and market updates of Greater Vancouver and the rest of the Lower Mainland.  These updates will provide you with a better understanding of the market so that you can make an informed decision when buying or selling property within Greater Vancouver. We present individual real estate market reports for Burnaby, New Westminster, Coquitlam, Port Coquitlam, Port Moody and Maple Ridge as well as an average report for Greater Vancouver.

All our statistics are sourced directly from the REBGV and the MLS®.  To get a more in-depth real estate market updates and analysis every month, sign up below to have our newsletter delivered directly to your inbox.

Monthly Real Estate Analytics Newsletter

No spam, just the latest real estate news, market updates and upcoming projects by Tien Sher 

CategoriesUncategorized

Metro Vancouver Market update – August 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 3443 listings and home sales in the area totaled 1559 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 $1,078,800. This shows a 5.5% change over a yearly period and a 1.4% increase compared to the previous month.

Vancouver Market Stats – August 2020

In August there were 819 sales out of a total 1917 residential properties listed in Vancouver. The sales-to-active listings ratio is 45.7% for detached homes, 46.5% for townhomes, and 40.9% for condominiums bringing the average residential property to 42.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $2,293,650, a 1% increase from the previous month and a 5.8% 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 $1,032,850.

The HPI Benchmark price of a condominium sits at $700,100; a 1.3% increase compared to last month and a 5.9% increase from the same time last year.

North Vancouver Market Stats – August 2020

In August there were 249 sales out of a total 488 residential properties listed in North Vancouver. The sales-to-active listings ratio is 64.8% for detached homes, 74% for townhomes, and 35.9% for condominiums bringing the average residential property to 51% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,614,900, a 0.9% increase from the previous month and a 9.5% 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 $1,014,900.

The HPI Benchmark price of a condominium sits at $586,600; a 0.2% increase compared to last month and a 5% increase from the same time last year.

West Vancouver Market Stats – August 2020

In August there were 64 sales out of a total 191 residential properties listed in West Vancouver. The sales-to-active listings ratio is 34% for detached homes, 0% for townhomes, and 35.5% for condominiums bringing the average residential property to 33.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $2,671,600, a 0.4% increase from the previous month and a 6% increase from the same time last year.

The HPI Benchmark price of a condominium sits at $1,00,1600; a 0.4% increase compared to last month and a 5.7% increase from the same time last year.

Richmond Market Stats – August 2020

In August there were 334 sales out of a total 668 residential properties listed in Richmond. The sales-to-active listings ratio is 78.7% for detached homes, 53.4% for townhomes, and 31.7% for condominiums bringing the average residential property to 50% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,545,500, a 2.4% increase from the previous month and a 5.9% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.3% compared to the year before, reaching a benchmark price of $806,900.

The HPI Benchmark price of a condominium sits at $658,000; a 1% increase compared to last month and a 5% increase from the same time last year.

Delta South Market Stats – August 2020

In August there were 93 sales out of a total 179 residential properties listed in Delta South. The sales-to-active listings ratio is 54.1% for detached homes, 41.5% for townhomes, and 57.5% for condominiums bringing the average residential property to 52% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,072,050, a 3.5% increase from the previous month and a 8.2% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5.3% compared to the year before, reaching a benchmark price of $640,900.

The HPI Benchmark price of a condominium sits at $537,950; a 1.7% increase compared to last month and a 1.3% increase from the same time last year.


About Tien Sher Real Estate Market Updates

At Tien Sher we want to bring you in-depth, accurate, simple, and easy to understand real estate stats and market updates of Metro Vancouver and the rest of the Lower Mainland.  These updates will provide you with a better understanding of the market so that you can make an informed decision when buying or selling property within Metro Vancouver. We present individual real estate market reports for Vancouver, West Vancouver, North Vancouver, Richmond and South Delta as well as an average report for Metro Vancouver.

All our statistics are sourced directly from the REBGV and the MLS®.  To get a more in-depth real estate market updates and analysis every month, sign up below to have our newsletter delivered directly to your inbox.

Monthly Real Estate Analytics Newsletter

No spam, just the latest real estate news, market updates and upcoming projects by Tien Sher 

CategoriesUncategorized

Fraser Valley Market Update – August 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 5442 listings and home sales in the area totalled 1734 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 $622,200. This shows a 4.1% change over a yearly period and a 0.6% increase compared to the previous month.

Surrey Market Stats – August 2020

In August there were 745 sales out of a total 2329 residential properties listed in Surrey. The sales-to-active listings ratio is 32.9% for detached homes, 38.1% for townhomes, and 25% for condominiums bringing the average residential property to 32% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,044,300, a 1% increase from the previous month and a 7.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.2% compared to the year before, reaching a benchmark price of $582,700.

The HPI Benchmark price of a condominium sits at $438,700; a -0.5% decrease compared to last month and a 4.9% increase from the same time last year.

Delta North Market Stats – August 2020

In August there were 81 sales out of a total 214 residential properties listed in Delta North. The sales-to-active listings ratio is 44.1% for detached homes, 55% for townhomes, and 13.7% for condominiums bringing the average residential property to 37.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $935,200, a 0% increase from the previous month and a 6.8% increase from the same time last year.

For townhomes, the HPI Benchmark price dropped -0.6% compared to the year before, reaching a benchmark price of $57,700.

The HPI Benchmark price of a condominium sits at $386,900; a -0.6% decrease compared to last month and a 4.8% increase from the same time last year.

White Rock Market Stats – August 2020

In August there were 279 sales out of a total 1100 residential properties listed in White Rock. The sales-to-active listings ratio is 19.3% for detached homes, 44.8% for townhomes, and 23.9% for condominiums bringing the average residential property to 25.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1395300, a 1.8% increase from the previous month and a 5.2% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.9% compared to the year before, reaching a benchmark price of $670,600.

The HPI Benchmark price of a condominium sits at $489,000; a 0.7% increase compared to last month and a -2% decrease from the same time last year.

Langley Market Stats – August 2020

In August there were 329 sales out of a total 968 residential properties listed in Langley. The sales-to-active listings ratio is 44.3% for detached homes, 38.6% for townhomes, and 23.9% for condominiums bringing the average residential property to 34% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,066,500, a 0.5% increase from the previous month and a 8.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 3.6% compared to the year before, reaching a benchmark price of $576,200.

The HPI Benchmark price of a condominium sits at $400,900; a 0.5% increase compared to last month and a 4.6% increase from the same time last year.

Mission Market Stats – August 2020

In August there were 91 sales out of a total 219 residential properties listed in Mission. The sales-to-active listings ratio is 45.8% for detached homes, 54.5% for townhomes, and 9.7% for condominiums bringing the average residential property to 41.6% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $696,900, a 1.2% increase from the previous month and a 6.9% 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 $465,500.

The HPI Benchmark price of a condominium sits at $348,200; a -1.3% decrease compared to last month and a -0.2% decrease from the same time last year.

Abbotsford Market Stats – August 2020

In August there were 290 sales out of a total 826 residential properties listed in Abbotsford. The sales-to-active listings ratio is 40.8% for detached homes, 49.7% for townhomes, and 21.6% for condominiums bringing the average residential property to 35.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $849,800, a 2.2% increase from the previous month and a 5.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 0.9% compared to the year before, reaching a benchmark price of $465,200.

The HPI Benchmark price of a condominium sits at $325,100; a 0.9% increase compared to last month and a 4.4% increase from the same time last year.

 

About Tien Sher Real Estate Market Updates

At Tien Sher we want to bring you in-depth, accurate, simple, and easy to understand real estate stats and market updates of the Fraser Valley area and the rest of the Lower Mainland.  These updates will provide you with a better understanding of the market so that you can make an informed decision when buying or selling property within Fraser Valley. We present individual real estate market reports for Surrey, North Delta, White Rock, Langley, Mission and Abbotsford as well as an average report for the Fraser Valley.

All our statistics are sourced directly from the REBGV and the MLS®.  To get a more in-depth real estate market updates and analysis every month, sign up below to have our newsletter delivered directly to your inbox.

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CategoriesUncategorized

Maverick August construction update

Construction of our Maverick project continues strong through the summer months

As we head into the finishing stages of the building, roofing work is complete and exterior siding is well underway. On the interior the upper floor suites which are the furthest advanced have cabinets and counter-tops installed and are getting ready for flooring and paint. Lower floor units are receiving their final approvals from inspectors and the city in preparation for finishes to be installed. Site services including BC Hydro, water, sanitary and sewer connections are underway and we are getting ready to start exterior landscaping works towards the end of Summer.

CategoriesNews

Chatham 3755: Ready to move in

Our Chatham 3755 project is officially completed and ready for you to move in!  Designed to complement the heritage quality of Steveston Village, Chatham 3755 offers a boutique collection of 16 generously sized, two-, three- and three-bedroom + den homes, striking the perfect balance between opulent living and cozy comfort.

Chatham 3755 offers a lifestyle that many long for, but few seem to find.  With breathtaking views that stretch from the Fraser River to the North Shore mountains, the expansive rooftop patio is the “picture perfect” place for a sunny morning coffee with neighbors or a dinner party under the stars.




Chatham 3755 is in the center of the historic Steveston village which was once the largest fishing port and cannery on the west coast.  Now, an authentic west coast destination, Steveston Village is a great place to live as it has transformed from sleepy fishing hamlet to cannery boomtown to vibrant modern village.  This is where you want to live!


Watch the video below to learn more about what’s around Chatham 3755


Learn more about Chatham 3755 here

CategoriesUncategorized

Maverick Construction Time lapse

Construction work at MAVERICK continues as we head towards the summer months and look to take advantage of the favorable weather conditions. The roof is complete, crane removed and exterior cladding and siding systems continue their installation. The parkade is nearly complete and rough-ins for the electrical, mechanical and other building systems are ongoing to the suites and common areas within the building. Finishing material is being prepared and organized for the upper floors and will commence shortly. 

With Surrey constantly improving its transit infrastructure, there is higher growth in urban areas and with the Maverick not only being close to the city centre it is also close to the Gateway SkyTrain station.  

Surrey is one of British Columbia’s fastest growing city, but it is also one of the fastest growing cities within Canada.  Surrey’s growth rate is 2.9%, which is the largest hike in the number of residents year over year of any single municipality in British Columbia.  Hitting close to 1,400 new residents every single month the population is currently over half a million. 

As we move towards the re-opening phases for our Province and our communities, please remember to adhere to all that we have learned to make this pandemic stay on the decline.  Wash your hands thoroughly and avoid touching your face, make sure you keep the 6’ distance with others if they are not part of your ‘household bubble’ and wear a face mask when you are out and about running errands.  COVID-19 will one day be in our rear-view mirror but until then be safe as we look forward to welcoming you to your new home in MAVERICK. 

Award-winning real estate developer and builder creating innovative, modern-day solutions to housing affordability in British Columbia

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4631 Shell Rd Suite 185, Richmond, BC
V6X 3M4

+1 604 207 4633

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