Metro Vancouver Market Stats – January 2021

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 2538 listings and home sales in the area totaled 1291 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 $1,124,600. This shows a 6.5% change over a yearly period and a 1% increase compared to the previous month.

Vancouver Market Stats – January 2021

In January there were 648 sales out of a total 1387 residential properties listed in Vancouver. The sales-to-active listings ratio is 55.8% for detached homes, 40.6% for townhomes, and 44.9% 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 $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 – January 2021

In January there were 192 sales out of a total 303 residential properties listed in North Vancouver. The sales-to-active listings ratio is 51.7% for detached homes, 61.2% for townhomes, and 71.1% for condominiums bringing the average residential property to 63.4% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,722,300, a 1.2% increase from the previous month and a 12% 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 $1,020,700

The HPI Benchmark price of a condominium sits at $591,400; a 1% increase compared to last month and a 5.9% increase from the same time last year.

West Vancouver Market Stats – January 2021

In January there were 45 sales out of a total 189 residential properties listed in West Vancouver. The sales-to-active listings ratio is 21.2% for detached homes, 0% for townhomes, and 28.9% for condominiums bringing the average residential property to 23.8% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $2,906,700, a 4.1% increase from the previous month and a 13.3% 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 $1,072,900; a -2.1% decrease compared to last month and a 7.7% increase from the same time last year.

Richmond Market Stats – January 2021

In January 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 $1,599,200, a 0.9% increase from the previous month and a 6.4% 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 $823,700

The HPI Benchmark price of a condominium sits at $663,300; a 1.6% increase compared to last month and a 4.5% increase from the same time last year.

Delta South Market Stats – January 2021

In January there were 73 sales out of a total 140 residential properties listed in Delta South. The sales-to-active listings ratio is 66.2% for detached homes, 37% for townhomes, and 40% for condominiums bringing the average residential property to 52.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1,153,600, a 1.6% increase from the previous month and a 14.7% increase from the same time last year.

For townhomes, the HPI Benchmark price dropped -0.9% compared to the year before, reaching a benchmark price of $622,400

The HPI Benchmark price of a condominium sits at $525,050; a -1.2% decrease compared to last month and a -1.5% decrease from the same time last year.

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