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.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn

Subscribe To Our Newsletter

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

Follow Us

Recent News

Greater Vancouver Market Update – November 2020 IS COMING SOON

Sign up here to get the latest information on Greater Vancouver Market Update – November 2020 along with other upcoming developments as well as real estate news and market updates