VANCOUVER WEST SEPTEMBER HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release marvels at last month having the highest sales average ever for September, likely due to low interest rates and pandemic driven preference changes. Upward pressure on prices is the result. September 2020 compared to the preceding September sees the composite value of all properties up 5.8 percent. September to September residential detached, attached and apartment sales increase 56.2 percent. New listings year to year are up 31.6 percent yet the total inventory of listed properties is down by 2.6 percent.
The graph shows a boost of 4.3 percent from August to September in the average price for Metro Vancouver detached properties. The benchmark price for detached homes last month is 7.8 percent higher than September 2019. The volume of house sales rises 76.8 percent year to year.
Last month versus the previous September, Vancouver west detached prices rise 4.7 percent. September 2020 versus September 2019 west side house sales are 70.5 percent higher. Year to year inventory is up by 14.3 percent.
From August to September west side house sales increase by 14.3 percent. Month to month detached inventory is 8.9 percent more.