Greater Vancouver Market Stats – January 2021

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 1573 listings and home sales in the area totaled 977 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 $828,834. This shows a 7.4% change over a yearly period and a 1% increase compared to the previous month.

Burnaby Market Stats – January 2021

In January there were 310 sales out of a total 539 residential properties listed in Burnaby. The sales-to-active listings ratio is 54.4% for detached homes, 74.4% for townhomes, and 54.7% for condominiums bringing the average residential property to 57.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,487,867, a 0.8% increase from the previous month and a 6.4% 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 $750,933

The HPI Benchmark price of a condominium sits at $669,237; a -0.3% decrease compared to last month and a 1.2% increase from the same time last year.

New Westminster Market Stats – January 2021

In January there were 101 sales out of a total 212 residential properties listed in New Westminster. The sales-to-active listings ratio is 84% for detached homes, 50% for townhomes, and 41.5% for condominiums bringing the average residential property to 47.6% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,170,900, a 2.1% increase from the previous month and a 12.2% 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 $747,500

The HPI Benchmark price of a condominium sits at $526,700; a 0.6% increase compared to last month and a 3.3% increase from the same time last year.

Coquitlam Market Stats – January 2021

In January there were 220 sales out of a total 328 residential properties listed in Coquitlam. The sales-to-active listings ratio is 66.7% for detached homes, 58.5% for townhomes, and 71.1% for condominiums bringing the average residential property to 67.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,321,100, a 2.3% increase from the previous month and a 12.9% 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 $711,000

The HPI Benchmark price of a condominium sits at $533,200; a 0.6% increase compared to last month and a 2.2% increase from the same time last year.

Port Coquitlam Market Stats – January 2021

In January there were 88 sales out of a total 156 residential properties listed in Port Coquitlam. The sales-to-active listings ratio is 66% for detached homes, 62.1% for townhomes, and 48.1% for condominiums bringing the average residential property to 56.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,094,800, a 3.8% increase from the previous month and a 15.4% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 6.4% compared to the year before, reaching a benchmark price of $660,900

The HPI Benchmark price of a condominium sits at $467,900; a -0.3% decrease compared to last month and a 3.9% increase from the same time last year.

Port Moody Market Stats – January 2021

In January there were 46 sales out of a total 72 residential properties listed in Port Moody. The sales-to-active listings ratio is 45% for detached homes, 60% for townhomes, and 75.7% for condominiums bringing the average residential property to 63.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,602,300, a 2.1% increase from the previous month and a 14.5% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 3.9% compared to the year before, reaching a benchmark price of $651,900

The HPI Benchmark price of a condominium sits at $659,200; a 0.4% increase compared to last month and a 2.9% increase from the same time last year.

Maple Ridge Market Stats – January 2021

In January there were 212 sales out of a total 266 residential properties listed in Maple Ridge. The sales-to-active listings ratio is 76% for detached homes, 86.1% for townhomes, and 79% for condominiums bringing the average residential property to 79.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $930,900, a 2.8% increase from the previous month and a 15% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 7.6% compared to the year before, reaching a benchmark price of $561,800

The HPI Benchmark price of a condominium sits at $373,500; a 1.2% increase compared to last month and a 9.1% increase from the same time last year.

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