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.
