CategoriesReal Estate Stats

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.

CategoriesReal Estate Stats

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.

CategoriesReal Estate Stats

Fraser Valley Market Update – September 2020

According to the Real Estate Board of Greater Vancouver report (REBGV), there were a total of 4743 listings and home sales in the area totaled 1657 showing a Seller’s Market within the Fraser Valley.

For all residential properties in Fraser Valley the average Multiple Listing Service® (MLS®) Home Price Index (HPI) benchmark price is $721850. This shows a 6% change over a yearly period and a 1% increase compared to the previous month.

Surrey Market Stats – September 2020

In September there were 799 sales out of a total 2301 residential properties listed in Surrey. The sales-to-active listings ratio is 38% for detached homes, 39.3% for townhomes, and 25.7% for condominiums bringing the average residential property to 34.7% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1049833.33333333, a 2.7% increase from the previous month and a 5.3% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.7% compared to the year before, reaching a benchmark price of $587833.333333333

The HPI Benchmark price of a condominium sits at $440133.333333333; a 0.3% increase compared to last month and a 6% increase from the same time last year.

Delta North Market Stats – September 2020

In September there were 77 sales out of a total 226 residential properties listed in Delta North. The sales-to-active listings ratio is 39.5% for detached homes, 32.1% for townhomes, and 19.6% for condominiums bringing the average residential property to 34.1% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $946800, a 1.2% increase from the previous month and a 8.1% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 8.1% compared to the year before, reaching a benchmark price of $564500

The HPI Benchmark price of a condominium sits at $394000; a 1.8% increase compared to last month and a 7.7% increase from the same time last year.

White Rock Market Stats – September 2020

In September there were 303 sales out of a total 1122 residential properties listed in White Rock. The sales-to-active listings ratio is 21.4% for detached homes, 38.2% for townhomes, and 29.9% for condominiums bringing the average residential property to 27% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1415800, a 1.5% increase from the previous month and a 8.3% 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 $675700

The HPI Benchmark price of a condominium sits at $487200; a -0.4% decrease compared to last month and a -0.8% decrease from the same time last year.

Langley Market Stats – September 2020

In September there were 145 sales out of a total 269 residential properties listed in Langley. The sales-to-active listings ratio is 53.9% for detached homes, 51.6% for townhomes, and 25.9% for condominiums bringing the average residential property to 53.9% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $1078100, a 1.1% increase from the previous month and a 9.8% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 4.2% compared to the year before, reaching a benchmark price of $576200

The HPI Benchmark price of a condominium sits at $404100; a 0.8% increase compared to last month and a 7% increase from the same time last year.

Mission Market Stats – September 2020

In September there were 104 sales out of a total 189 residential properties listed in Mission. The sales-to-active listings ratio is 62.5% for detached homes, 34.6% for townhomes, and 37% 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 $711700, a 2.1% increase from the previous month and a 11.6% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 5% compared to the year before, reaching a benchmark price of $470000

The HPI Benchmark price of a condominium sits at $352000; a 0.7% increase compared to last month and a 1.1% increase from the same time last year.

Abbotsford Market Stats – September 2020

In September there were 306 sales out of a total 862 residential properties listed in Abbotsford. The sales-to-active listings ratio is 36% for detached homes, 51.2% for townhomes, and 26.8% for condominiums bringing the average residential property to 35.5% determining a Seller’s Market for the month.

Breaking it down to the property types, the HPI Benchmark Price for a detached home is $868300, a 2.2% increase from the previous month and a 9.7% increase from the same time last year.

For townhomes, the HPI Benchmark price rose 3.1% compared to the year before, reaching a benchmark price of $468500

The HPI Benchmark price of a condominium sits at $324500; a -0.2% decrease compared to last month and a 3.9% increase from the same time last year.

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