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.

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

The latest real estate news,

market updates and upcoming

projects by Tien Sher

Subscribe to our Newsletter

FEATURED PROJECTS

Chatham 3755

Learn More

Wembley Crossing

Learn More

Maverick

Learn More

Greater Vancouver Market Update – September 2020 IS COMING SOON

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