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.

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